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Thursday, 15 February 2018

15 February 2018 News

15th February 2K18

Economic Times

Ø  US January CPI posts largest gain in a year 
Ø  PNB reports $1.8-bn fraud, new can of worms opens
Ø  Bharti Airtel’s subsidiary eyes IPO to unlock value
Ø  Singh brothers resign from board of Religare
Ø  Piramal Fin eyes Rs 3,000-cr affordable housing deals
Ø  New NPA resolution framework positive: Report
Ø  After ICRA, CARE downgrades Fortis rating
Ø  Jindal Stainless posts over 3-fold jump in Q3 net

Business Standard

Ø  Adani looking for foreign coal mines amid challenges in Australia
Ø  Sun Pharma Q3 net profit plunges 75% to Rs 3.6 bn on weak US sales
Ø  ONGC Videsh offers to invest $6.2 bn in Iran's giant Farzad-B gas field
Ø  Jet Airways Q3 net nearly halves to Rs 1.65 bn as fuel costs soar
Ø  Sugar mills, farmers stress to continue despite increase in prices

Business Line

Ø  Japan economy grows for eight straight quarter
Ø  Allahabad Bank suffers Rs.1,263.8 cr loss in Q3
Ø  India reviews anti-dumping duty on steel wheels from China
Ø  Wind prices stay low in SECI’s 3rd auctions
Ø  Coffee growers want MSP to tide over price crisis
Ø  DLF’s net debt down to Rs 5,513 cr;to be debt free by Mar'19
Ø  NMDC net profit jumps 49% to Rs 886 cr

Mint

Ø  Aster DM IPO sees 45% subscription on second day of share sale
Ø  Nestle India Q4 profit jumps 60% to Rs312 crore on volume growth
Ø  GMR Infrastructure Q3 loss at Rs566 crore
Ø  Tata Power Q3 profit declines at Rs612 crore, beats estimate
Ø  Riding on regulatory win, Reliance Jio tops Q3 league tables

Financial Express

Ø  ICAI to come out with concept paper on virtual currencies
Ø  Equity inflow from rights issue to firm Tata Steel's books, says Fitch Ratings
Ø  New NPA resolution framework long-term positive: Report
Ø  India reviews anti-dumping duty on steel wheels from China
Ø  OVL offers to invest $6.2 bn in Iranian gas field

 Financial Chronicle

Ø  Unsatisfactory jobs, under-employment big problem: NITI
Ø  Iran seeks Indian investment amid US pressure
Ø  Fortis to acquire Singapore listed RHT for Rs 4,650 crore
Ø  ‘1.5 lakh e-transactions get compromised daily in India’