Thursday, 4 January 2018

04 January 2018 News

4th January 2K18

Economic Times

Ø  India's GDP growth to slip below 7% this fiscal
Ø  IBC's objective not to emphasise on liquidation: NCLT
Ø  RIL likely to see big cash flow boost: CLSA
Ø  Parl panel suggests govt to form law on data privacy
Ø  Insolvency professionals can't outsource work: IBBI 
Ø  RBI puts Allahabad Bank under corrective action
Ø  Defence deals worth Rs 2.40 lakh cr signed in 4 yrs

Business Standard

Ø  Banks recapitalisation: Govt to infuse Rs 76 bn into six weak PSBs
Ø  Sebi allows commodity bourses to raise transaction charges
Ø  India cancels $500 mn defence deal, says Israeli arms firm Rafael
Ø  SBI-led consortium to give Rs 150-bn loan to 350 km Purvanchal Expressway
Ø  Future Group may buy Snapdeal's logistics arm for Rs 500 mn: Sources
Ø  Dominion Energy to buy Scana Corp in $7.9-bn deal

Business Line

Ø  Telecom policy draft eyes $100-b investment, sees India as global data hub
Ø  TRAI invites inputs on new telecom policy
Ø  NBCC bags contracts worth Rs. 315 cr 
Ø  At 10.3 mt, sugar output up 26% in Oct-Dec 
Ø  Rising costs, weak demand to hit profits of cement firms
Ø  Coal India e-auction fetches 76% premium in Q3 FY18  

 Mint

Ø  Fresh investments in India plunge to a 13-year low as stalled projects rise
Ø  Crude at 31-month high, oil marketing companies likely to be under pressure
Ø  Indian Bank revises interest rates for FCNR(B) deposits
Ø  Telcos may post weak Q3 on cut in interconnect usage charges
Ø  Arrow Electronics to buy Gujarat-based eInfochips

Financial Express

Ø  Niti Aayog’s three-point formula for India to beat China’s economic growth
Ø  India probes cheap synthetic rubber import from China
Ø  Financial inclusion drive must target the poor: RBI Governor D Subbarao

Financial Chronicle

Ø  RBI may announce OMO purchase next week to cool yields
Ø  Revised concession pact for PPP projects at ports gets cabinet nod
Ø  Pak replaces dollar with yuan for bilateral trade with China
Ø  Valuation concerns shroud proposed ONGC-HPCL merger