01 June 2018 News

*Quote of D-DAY*

God has planned happiness for each one of us at the right time in our life. The only thing is that, he doesn't share his calendar with us.
Enjoy surprises...!!!!

Good Morning 💐💐

*Happy Reading on 01.06.2018*

*Mint*

=> Govt may not infuse extra capital into fraud-hit PNB

=> Air India sale fails to take off, panel to review options

=> India’s economic growth accelerates to 7.7% in Q4

=> Flipkart Internet narrows loss to ₹1,639 crore in fiscal 2017

=> E-way bill system for intra-state goods movement to be in place in all states by 3 June

=> BJP and NCP win one Lok Sabha seat each in Maharashtra

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*Business Standard*

=> Air India sale fails to take off; deadline ends with zero bids

=> GDP grows 7.7% in Q4; India retains world's fastest growing economy tag

=> Govt meets fiscal deficit target of 3.5% at Rs 5.92 trillion for 2017-18

=> UIDAI extends the deadline to deploy Virtual ID system to July 1

=> Bank strike: More participate on last day, services hit all over India

=> Coal India: Price hikes, evacuation charge likely to mitigate higher costs

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*Economic Times*

=> Government to ask ONGC to bear fuel subsidy to help cut petrol, diesel price

=> Search for rifles: Russia not in list of 5 selected nations

=> Govt looks for co to audit Prasar Bharati

=> RCom spectrum buy to help Jio close gap with Voda-Idea, Airtel

=> ED files money laundering case against AirAsia

=> IPL 2009: ED slaps Rs 121-crore FEMA penalty

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*Financial Express*

=> Voting for better policies: Poor farm policies aided BJP's electoral mishap

=> Bypoll Results: BJP gets 2nd reminder of Opposition unity effect

=> Unless taxes on bidi and smokeless tobacco are increased drastically, hard for India to stub it out

=> Non-Performing Assets: PSU banks need more recapitalisation funds

=> Land Transfer: NCLAT admits JAL plea against NCLT order

=> US welcomes India-Pakistan LoC ceasefire agreement

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*Hindustan Times*

=> Bypoll results blot BJP’s election playbook ahead of 2019 Lok Sabha test

=> India to go ahead with S-400 defence deal with Russia

=> India retains fastest growing economy status but market rout clouds outlook

=> Government to set up research group to study thunderstorms

=> Vijay Mallya resigns as Force India F1 director

=> IISc makes it to top 100 in World Reputation Rankings 2018

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*Indian Express*

=> After lesson in poll arithmetic, BJP pins hope on PM Modi’s chemistry

=> From Kairana in UP, BJP gets second reminder of Opposition unity

=> From Swachh Bharat, noteban to Ganga and Digital India: Govt schemes enter NCERT textbooks

=> Gauri Lankesh murder: SIT names three more as key accused, gets custody

=> To cut fuel rates, Govt works on ONGC plan

=> Provisional estimates: Good rabi crop, uptick in factory output lift GDP up to 7.7 per cent

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*The Hindu*

=> Gutkha files: DVAC probe to continue

=> Gauri Lankesh murder: 4 suspects to be quizzed

=> Sharp drop in smoking tobacco in India, says WHO report

=> Congress serves five day ultimatum to Himachal Pradesh government

=> Tata, EU steel firms brace for tariff war

=> High-level U.S.-North Korea nuclear talks get underway in New York

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*The Times of India*

=> HDK to be Karnataka CM for 5 years, agrees Cong

=> CBSE re-evaluation process opens today

=> Keeping flock united will be NDA’s major challenge

=> Trump plays down quick NKorea breakthrough

=> ED files money laundering case against AirAsia

=> UP gets its first Muslim Lok Sabha MP in four years

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*अमर उजाला*

=> मध्य प्रदेश : आज से 10 दिनों तक आंदोलन करने उतरेंगे किसान, पहुंचेंगे राहुल गांधी

=> मेजर गोगोई पर कोई मुकदमा नहीं, पुलिस ने कोर्ट में पेश की स्टेटस रिपोर्ट, लड़की बालिग

=> महाराष्ट्र के कृषि मंत्री पांडुरंग फुंडकर का दिल का दौरा पड़ने से निधन

=> क्लेट की परीक्षा में जयपुर के तीन दोस्तों ने किया देशभर में पहले तीन स्थानों पर कब्जा

=> उपचुनावों में भाजपा पर भारी पड़ा एकजुट विपक्ष, गंवा दीं 2 लोकसभा सीट

=> बैंकों को रोजाना आधार पंजीकरण कराने के लक्ष्य में मिली राहत

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*हिन्दुस्तान*

=> उत्तर भारत में प्रचंड गर्मी, राजस्थान में कई जगह पारा 46 डिग्री के पार

=> लोकसभा उपचुनाव में हार के बाद बोले उद्धव,BJP को अब दोस्त की जरूरत नहीं

=> IPL करवाने के लिए BCCI समेत कई लोगों पर लगा121 करोड़ का जुर्माना!

=> केरल में निपाह वायरस ने ली तीन और लोगों की जान, अब तक 17 ने गंवाई जान

=> सरकार ने शहरी गरीबों के लिए 1.5 लाख मकानों के निर्माण को मंजूरी दी

=> कर्नाटकः कांग्रेस नेता शिवकुमार के भाई के सहयोगियों के घर CBI का छापा

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*दैनिक जागरण*

=> उपचुनाव में भाजपा की हार से गठबंधन की सियासत को लगेंगे पंख

=> कई दौर की बातचीत में कर्नाटक में जदएस को वित्त और कांग्रेस को गृह मंत्रालय पर बनी सहमति

=> नायडू ने चुनावी वादा किया पूरा, बेरोजगारों को 1000 रुपये बेरोजगारी भत्ता देने का ऐलान

=> एएन-32 सौदे में दलाली की रिपोर्ट गुमराह करने वाली : सरकार

=> केंद्रीय कानून मंत्री रविशंकर प्रसाद ने कहा- तेलंगाना, यूपी में अब भी जारी है तत्काल तीन तलाक

=> ट्रंप-किम की शिखर बैठक से पहले अमेरिका और उत्तर कोरिया ने की परमाणु मसले पर वार्ता

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*प्रभात ख़बर*

=> चार साल में 27 लोकसभा सीटों पर हुए उपचुनाव, कांग्रेस ने भाजपा से चार सीटें छिनीं

=> सीबीआर्इ के बाद अब र्इडी ने एयर एशिया आैर अधिकारियों के खिलाफ दर्ज किया मामला

=> Box Office पर एक सप्ताह पहले ही दस्तक देगी इरफान खान की 'कारवां'

=> 8GB रैम, 20MP सेल्फी कैमरा के साथ Xiaomi Mi 8 लांच

=> युद्ध और आतंकवाद से पीड़ित अफगानिस्तान की मदद के लिए बीसीसीआई ने उठाया बड़ा कदम

=> शुरू हुआ VIVO प्रो कबड्डी लीग सीजन 6 का ऑक्शन

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Economic Times

Ø  India grows 7.7% in Q4, remains fastest-growing
Ø  Govt meets fiscal deficit target of 3.5% for FY18 
Ø  Govt may relook at Air India stake sale strategy
Ø  Setback for Jaypee as Orient calls off Rs 2,000 cr deal
Ø  Centre appeals in HC against Voda's int'l arbitration
Ø  Shut plant won't hurt Vedanta's cash flow much: S&P
Ø  Warburg buys 26% stake in IndiaFirst Life for Rs 710 Cr

Business Standard

Ø  April eight core industries growth at 4.7% vs 4.4% a yr ago
Ø  India's per capita income grows by 8.6% to Rs 113,000 from 103,870 in FY18
Ø  Investment rate stagnates in last three years: CARE
Ø  MEP Infra to tie up with funds from Singapore or UK for TOT projects
Ø  Sebi slaps Rs 1 mn fine on DLF for wrong disclosures from IPO proceeds

Business Line

Ø  India, World Bank sign $500 mn loan pact for rural roads
Ø  Centre mulls building 3-mt sugar buffer; moves to sweeten exports
Ø  IOC most profitable PSU for second consecutive year
Ø  SAIL posts Rs 816 cr net profit in Q4
Ø  BSNL ties up to create mobile advertising ecosystem
Ø  ‘Costly crude, weak rupee can pose an immediate threat to growth’

 Mint

Ø  RBI needs better rupee policy: NITI Aayog vice chairman
Ø  Flipkart Internet narrows loss to ₹1,639 crore in fiscal 2017
Ø  NPA-laden UBI to cap loans to single borrower at Rs.150 crore
Ø  ATC closes Rs.4,000 crore deal to acquire 9,900 telecom towers from Idea Cellular
Ø  Petrochemical, gas trading businesses a drag on GAIL’s Q4 results

Financial Express

Ø  UIDAI relaxes daily Aadhaar updation target for bank branches
Ø  PM Narendra Modi launches BHIM, RuPay and SBI digital payment apps in Singapore
Ø  ADB funds $375 mn project for irrigation boost in Madhya Pradesh

 Financial Chronicle

Ø  HDFC shares rally ahead of new FIIs trading window
Ø  Tax reforms to help expand revenue base: Moody’s
Ø  Govt to set up 3mt sugar buffer stock
Ø  L&T Shipbuilding’s auditors raise ‘going concern’ doubts
Ø  Mutual Funds set to rename schemes by June 30

*01.06.18 Economic News*

*Delhi & Haryana ROC Sent Striking Off Notices to 1171 LLP’s under Section 75 of LLP Act, 2008 read with Rule 37 of LLP Rules, 2009

*Rs 80 Crore ONGC Scam: CBI Books Top Officials of ONGC, Rajahmundry, Including Former Executive Director D G Sanyal, Director (Onshore) Ashok Verma, DGM (Production) Arun Ratan Das and 10 others for Alleged Irregularities in a Contract Worth Rs 312 Crore Given to a Private Company Deep Industries Limited for supplying Gas Dehyrdation Units (GDUs)

*Enforcement Directorate (ED) Slaps Rs 121 Crore FEMA Penalty on BCCI, its Former Boss N Srinivasan, Former IPL Commissioner Lalit Modi and Others for Alleged Violation of the FEMA Law during the T-20 Cricket IPL Edition in 2009

*Enforcement Directorate Files Money Laundering Case Against Air Asia, Officials

*PNB Fraud: ED Attaches Rs 58.80 Crore Wind Farm of Nirav Modi's family in Jaisalmer

*NCLAT Admits Jaiprakash Associates' Plea Against NCLT Order, which had Directed the Realty Firm to Return Nearly 760-Acre Land to its Subsidiary Jaypee Infratech

*India Asks UK to Expedite Extradition of Fugitives, including Vijay Mallya, Nirav Modi and Lalit Modi

*Air India Finds No Takers as Deadline for Submitting Interest Ends

*To comply with SEBI’s New Rules for Rating Agencies about Segregating Rating of Financial Instruments, and Economic & Financial Research from other activities, SMERA Ratings has been renamed as Acuite Ratings & Research