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Thursday, 28 December 2017

28 December 2017 News

28th December 2K17

Economic Times

Ø  Small savings schemes’ interest rates cut by 20 bps
Ø  Daiichi asks regulators to block Fortis stake sale
Ø  Govt plans to borrow extra Rs 50,000 cr in Jan-March 
Ø  Vedanta to buy majority stake in Japan's AvanStrate
Ø  Arun Jaitley meets panel members to discuss budget
Ø  Hunt for next bitcoin to spark wilder crypto swings
Ø  Sebi orders Axis Bank to probe results leak 
Ø  Lok Sabha passes bill for GST cess hike on luxury cars from 15% to 25%
Ø  L&T's construction arm wins orders worth Rs 1,125 cr
Ø  USFDA accepts Sun Pharma's new eye drug application
Ø  S&P puts Indian banks in 'Group 5' with Italy, Spain, UAE
Ø  National Insurance IPO deferred to next financial year
Ø  Sebi notifies norms allowing REITs, InvITs to issue bonds
Ø  Oil soars, Brent crude hits $67/bbl for first time since mid-2015

Business Line

Ø  Moody’s lowers OIL’s baseline credit rating to baa3
Ø  DLF concludes stake sale in rental arm to GIC for Rs 9,000 cr
Ø  SEBI may put 10% cross-shareholding cap in mutual funds
Ø  ED attaches assets worth Rs. 177 cr in NSEL money laundering case
Ø  Aurobindo gets USFDA nod for deep vein thrombosis drug 
Ø  ‘RBI to cut rates by 25 bps in April to signal lower lending rates’ 

Mint

Ø  Govt signals fiscal slippage in 2017-18
Ø  Bitcoin holds near $16,000 as proxy stocks add to advances
Ø  Air Deccan, Air Odisha join hands to save costs
Ø  Barclays takes $1.3 billion one-time hit from US Tax Bill
Ø  DoT suggests cutting GST on telecom services to 12%: Manoj Sinha
Ø  Lower cotton prices revive hope for spinning mills

Financial Express

Ø  Insolvency: Sebi to ease compliance norms
Ø  Bharatmala a big play for investors, but goal ambitious: Icra
Ø  China Q4 economic trends point to slowdown in 2018, says survey
Ø  Delhi government, Maruti Suzuki sign pact to develop driving tracks
Ø  NBFCs retail credit growth seen at 16-18% in FY18: Icra
Ø  Suzlon opens first offshore Met unit in Arabian Sea

Financial Chronicle

Ø  Shoppers Stop to engage personal shoppers
Ø  Toyota Kirloskar Motor expects better growth
Ø  India is the largest LPG importer
Ø  No GST on Viability Gap Funding disbursement
Ø  REITS, InvITs allowed to issue bonds via bourses