Friday, 29 December 2017

29 December 2017 News

29th December 2K17

Economic Times

Ø  Ambani to Ambani's rescue! Jio to buy RCom assets 
Ø  Govt introduces bill to amend IBC in Lok Sabha
Ø  Telcos gross revenue dips 7% in July-Sep 2017
Ø  No proposal to reconsider Air India privatisation: Govt
Ø  India's first bitcoin trading app launched
Ø  NITI Aayog working on policy to cut oil bill by $100 bn
Ø  L&T wins Rs 1k cr deal to maintain 5 mn smart meters

 Business Standard

Ø  Sebi eases FPI norms; allows listing of security receipts by ARCs
Ø  Govt withdraws monthly LPG price hike order
Ø  BoB to acquire 51% stake in two JVs from UniCredit
Ø  Sebi eases investment threshold for REITs to 50%
Ø  Firms to face action for WhatsApp leak of financial details: Sebi
Ø  Consider e-message for refunds, share allotments: Sebi to firms

Business Line

Ø  SEBI relaxes entry norms for foreign portfolio investors
Ø  ‘Explosion of data requires higher processing power’
Ø  SEBI restricts rating agency monopoly
Ø  SEBI caps cross-shareholding in mutual funds at 10%
Ø  Renewable energy sector adds 12 GW capacity in Jan-Nov 
Ø  Industry, farmers reject draft contract farming Act  

Mint

Ø  Tata Steel appoints i-banks for $2 billion rights issue to be launched in January
Ø  Sun Pharma’s US eye drug filing reason to cheer but cautiously
Ø  IOB to sell Rs600 crore worth exposure in Bhushan Steel
Ø  Govt to push ahead with banking reforms in new year
Ø  Reliance Jio to acquire mobile business assets of RCom

Financial Express

Ø  Increasing automation, Infosys spat disrupted India's IT industry
Ø  Denial of info for lack of Aadhaar breach of RTI Act: CIC
Ø  IndianOil to start production of biomass-based ethanol
Ø  ASCI pulls up HUL, Dabur, Uber, others for misleading ads
Ø  CPRL opens closed outlets, McDonald’s flags food safety flaws

 Financial Chronicle

Ø  Sebi eases rules to get FPIs from more nations
Ø  IBC amendment bill to bar wilful defaulters tabled
Ø  About 25% jobs in BFSI likely to vanish in five years