Friday, 5 January 2018

05 January 2018 News

5th January 2K18

Economic Times

Ø  Govt gets LS nod for Rs 80K cr banks recap bonds 
Ø  ICICI Bank takes Western India Shipyard to NCLT
Ø  Banks seeks RBI nod to spread losses over 2 quarters
Ø  Mobile user base reaches to 97.54 cr in Nov: COAI
Ø  Putting all resources to resolve NPAs: Arun Jaitley
Ø  Jaypee aims to complete 24,000 flats in next 2 years
Ø  Bring down corporate tax to 28% in Budget: Ficci to govt

 Business Standard

Ø  Idea Cellular plans to raise Rs 67.5 billion before Vodafone merger
Ø  Lenders plan Aircel, GTL Infra merger to clear combined debt
Ø  Hindalco likely to bid for $2.5-bn US-based aluminium firm Aleris
Ø  GDP can grow at 6.7% average for next 5 years: Fitch
Ø  Delhi court declares Mallya proclaimed offender in a FERA violation case
Ø  Brookfield Business Partners to buy Westinghouse for $4.6 bn

Business Line

Ø  Govt to opt for wider fisc deficit target of 3.2% in FY19: DBS
Ø  7.75% savings bonds to be available from Jan 10: FinMin
Ø  Higher NPA provisioning to impact banks in 2018/19: ICRA
Ø  SEBI to MFs: Adopt total return index to benchmark schemes
Ø  Iron ore price hike forces steel firms to pass on cost: Jindal 

 Mint

Ø  Sebi planning a ‘riskometer’ for stock market investments
Ø  Italy’s Enel Group eyes electricity distribution sector in India
Ø  NIIT acquires Eagle Productivity Solutions for $8.1 million
Ø  Kedaara Capital in talks to buy Indian School Finance
Ø  3 public sector banks get nod to raise Rs2,348 cr from govt
Ø  Samvardhana Motherson acquires MS Global India

Financial Express

Ø  India looks to boost plastic, chemicals & forest goods export
Ø  Natural gas, jet fuel may soon come under GST, but not petrol, diesel
Ø  India’s services sector returns to growth in December: PMI
Ø  HCL Tech terminates JV with Great American Insurance Company

 Financial Chronicle

Ø  RBI may announce OMO purchase next week to cool yields
Ø  Warm weather affects mustard sowing by 8%
Ø  Hero Cycles to have 20 e-cycles in 3 months
Ø  Exide launches new range of automotive batteries
Ø  India risks landing on currency manipulator watch list
Ø  Crude oil at three-year high of $68.27 per barrel