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Friday, 16 February 2018

16 February 2018 News

16th February 2K18

Economic Times

Ø  ED steps up heat on Nirav Modi, jewellery worth Rs 5,100 cr seized
Ø  PNB fraud: Banks refuse to buy Nirav Modi’s promises
Ø  Digital payments in India to reach $1 trn by 2023: Report
Ø  Banks' Association moves to check fall out of PNB scam 
Ø  PW can carry out audit work till March 2019: SAT
Ø  MF investors to get LTCG info from CAMS from April
Ø  Govt to come out with new pharma policy: Ananth Kumar

Business Standard

Ø  January trade deficit widens to $16.30 bn; exports rise 9%
Ø  Centre to change base year for GDP, IIP to 2017-18
Ø  Bharti Airtel explores options to list Africa arm on global exchange
Ø  Pay retail investors for failure in IPO allotment: Sebi tells bankers
Ø  RBI ready to inject addl liquidity into banks by March end
Ø  Govt to bring major changes in Drug Pricing Control Order

Business Line

Ø  WPI inflation eases to 2.84% in Jan
Ø  India reviews anti-dumping duty on steel wheels from China
Ø  Small, medium rubber units hit by shortage of carbon black
Ø  GVK Power to divest stake in 3 subsidiaries
Ø  Essar sells CBM gas to GAIL using Reliance formula
Ø  Zee Learn to acquire 44% stake in MT Educare

 Mint

Ø  Govt drops the idea of an India EV policy
Ø  India, Singapore exchanges eye trading link to Modi’s Gujarat
Ø  Airtel’s holding company for Africa explores IPO
Ø  Idea Cellular board approves Rs3,500 crore QIP
Ø  Wind power tariffs stay near record low of Rs2.44/unit in SECI auction

Financial Express

Ø  World Bank identifies two global risks that could jeopardise India’s progress
Ø  Air India’s unpaid bills likely to raise its debt figure
Ø  Carlson-Rezidor Group eyes 100 hotels in India by end-2018
Ø  UK-based Liberty House left sole bidder for ABG Shipyard as Shapoorji Pallonji withdraws
Ø  Amazon now world’s third-most valuable company

 Financial Chronicle

Ø  PNB says has ability to recover after uncovering giant fraud
Ø  Govt mulls allowing foreign vessels in coastal waters
Ø  Revenue & profit of auto firms get a boost in Q3
Ø  Steel sector buyouts under IBC may invite CCI scrutiny