Wednesday, 10 January 2018

10 January 2018 News

10th January 2K18

Economic Times

Ø  New industrial policy in few months: Suresh Prabhu
Ø  Telecom services cost may rise by 10%
Ø  CIL new pricing policy to be linked with quality
Ø  Spectrum holding cap set to be relaxed   
Ø  Jio price cut to delay telcos' Arpu recovery in 2018
Ø  Crude oil rises above $68 for first time since May 2015

Business Standard

Ø  AI disinvestment process moving 'expeditiously': Govt
Ø  RBI's first defaulter list: Liquidation value of steel firms at Rs 540 bn
Ø  Insolvency resolution: Vedanta, Tata Steel submit bids for Electrosteel
Ø  Sovereign wealth fund proposal back; may become holding company for assets
Ø  Essar in talks to sell its Equinox office to Brookfield for Rs 24 billion
Ø  Rs 6-trn direct tax collection rescues govt in fiscally difficult year

Business Line

Ø  NMDC gets robust response for OFS 
Ø  Wheat holding up to fog, ground frost; caution on pest attack 
Ø  PM to commence Barmer refinery project next week: Pradhan 
Ø  FMCG revenue seen rising 14.8% in Q3 on better rural demand 
Ø  BIL Energy to turn ex-bonus on Thursday

Mint

Ø  Rural indicators point to worsening farm distress
Ø  Marks & Spencer seeks technology savings through TCS tie-up
Ø  Essar in talks with Brookfield to sell office buildings in Mumbai for Rs2,400 crore
Ø  NCLT approves demerger of Emaar MGF
Ø  84 McDonald’s restaurants in north, east India to reopen this week

Financial Express

Ø  Food bill: Unpaid subsidy may touch Rs 1.25 lakh crore
Ø  India mulls 70% safegaurd duty on solar equipment imports
Ø  Reliance Infrastructure moves MERC for sale approval of Mumbai power biz to ATL
Ø  Mexico inflation climbs at 16-1/2 year high, seen pressuring central bank
Ø  Nifty shows early signs of exhaustion

Financial Chronicle

Ø  IOB defends decision to set off losses from share premium a/c
Ø  Coal India raises thermal coal prices to pay for salary rise
Ø  South Indian Bank Q3 net rises 3% to Rs 115 crore
Ø  Rs 6,000 cr Bharat-22 ETF round II fund raising likely in Feb