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Wednesday, 20 December 2017

20 December 2017 News

20th December 2K17

Economic Times

Ø  Complaints against private banks on rise: RBI report
Ø  Self-regulation for food cos, QSR chains soon
Ø  Mortgage lender HDFC unveils $2b fundraising plan
Ø  Ask consumers before changing subsidy a/c, UIDAI to banks

Business Standard

Ø  Airtel deposits 'interim penalty' of Rs 2.5 cr with UIDAI
Ø  China accounts for 66% of India's drug imports
Ø  Car loans up 30%, average ticket sizes also growing
Ø  Five telecom firms understated AGR by Rs 14,800 cr: CAG
Ø  Resolution of top steel firms gets delayed
Ø  Sugar stockholding limit scrapped to keep prices under control
Ø  Govt must sell stake in PSUs to private firms to cut import bill: Vedanta
Ø  ESAF Small Finance Bank looks for foreign equity partner
Ø  World Bank lifts China's GDP outlook to 6.8%, maintains 2018 forecast

Business Line

Ø  KEC International wins new orders worth Rs. 2,424 cr
Ø  TRAI to review guidelines for TV channels’ licensing
Ø  CAG red flags Rs. 83,497-cr secondary, higher education cess impairment
Ø  Tata Steel sets eyes on raising Rs.12,800 crore via rights issue
Ø  Reliance Naval insolvency case: NCLT adjourns hearing to January 11 

Mint

Ø  Dr Reddy’s arm settles case with US govt for $5 million
Ø  Govt recovered less than 9% service tax arrears in FY17: CAG
Ø  CCI clears IndusInd-Bharat Financial merger
Ø  Astron Paper IPO over-subscribed 12.39 times on day 3
Ø  EIB India lending seen over €1 billion in next 2 years
 
Financial Express

Ø  Railways revises down rail tender to 4.87 LT; SAIL to provide remaining quantity
Ø  Pickup in jobs key to sustain consumption growth: Report
Ø  CAG pulls up Income Tax department for not adopting uniform mechanism
Ø  CAG raps FSSAI over licensing process, poor food testing labs

Financial Chronicle

Ø  Parliament passes Companies Amendment Bill
Ø  Banks borrow nearly Rs 80K cr from repo windows on tax outflows
Ø  German firm acquires Chennai’s Raj Petro
Ø  Suzlon Energy wins 252 MW wind power project
Ø  Withdraw service matters as reward for GST rollout: IRS