Monday, 8 January 2018

08 January 2018 News

8th January 2K18

Economic Times

Ø  Finmin asks PSBs to back stressed small businesses
Ø Information technology sector may see muted Q3
Ø  'Growth may be higher than CSO estimate of 2.1%'
Ø  'US FDA may inspect Sun Pharma’s Halol site in Feb'
Ø  Insider trading: Orders against ex-MCX staff revoked
Ø  Equity MFs inflow at record Rs 1.3L crore in 2017

Business Standard

Ø  Chinese pharma firms may be blacklisted over quality
Ø  JSPL to raise Rs 10 bn via QIP in February: Naveen Jindal
Ø  Oil price hike shadow on govt, aviation industry
Ø  BSE to auction investment limits for Rs 66-bn govt bonds
Ø  Sheenlac Paints eyes takeover of JV with JNIL as latter enters NCLT
Ø  NPA crisis: 1,463 bad loan accounts owe PSU banks Rs 1 bn or more
Ø  Insolvency resolution: Sajjan Jindal's JSW Steel may bid for Uttam Galva

Business Line

Ø  NPCI plans to upgrade Unified Payments Interface 
Ø  Centre readies PSUs for stake sale in FY19
Ø  Govt may opt for fiscal deficit range in Budget: ICRA
Ø  ‘Farm growth may be higher than estimate’
Ø  CBDT relaxes norms for MAT on firms facing insolvency
Ø   Essar’s AGC Networks to enter new markets

Mint

Ø  Q3 earnings likely to show first signs of revival
Ø  SBI reviewing minimum balance requirement, to make announcement soon
Ø  NACL Industries gets board approval to raise Rs3,000 crore
Ø  Paytm Payments Bank, IndusInd tie-up for fixed deposit facility
Ø  Aban Offshore promoters offer $600 million one-time settlement to lenders

Financial Express

Ø  Greater clarity needed in anti-profiteering rules: CII
Ø  Base effect lifts credit growth to 10.65 per cent in December
Ø  BSES launches rooftop solar single-point for apartment complexes

Financial Chronicle

Ø  States asked to begin auction of 348 mining leases near expiry next year
Ø  UCO Bank willing to take 40-45% haircut to keep book free of NPAs, says MD
Ø  Strong lenders to get lions’ share of Rs 80K cr recap bonds
Ø  Change in reporting methodology may hit MF performance