11th June 2K18
Economic Times
Ø RBI seeks fortnightly update on payments data storage
Ø Total net loss of PSBs topped Rs 87K cr in FY18
Ø Power woes: Goyal to hold high-level meet today
Ø India to soon start making lithium-ion batteries
Ø PNB expects Rs 8,000 cr recovery from NPAs this month
Ø CCI may suggest changes in Walmart-Flipkart deal
Ø GDP growth at sobering 6.7 per cent: Chidambaram
Business Standard
Ø SBI to auction 12 NPA accounts on June 25 to recover dues of over Rs 13 bn
Ø Violence cost India's GDP over $1 trn in 2017; $595 per person: IEP report
Ø ICICI Bank, Kochhar under lens in US, Indian agencies may seek foreign help
Ø Iron ore accumulates at Karnataka mines as steel cos opt for imported ore
Ø GVK Group may file DHRP with SEBI for its airport vertical IPO next month
Business Line
Ø Currency with public hits record high post demonetisation
Ø Diversified shareholders mechanism could be an option for Air India sale
Ø NBFC must implement Ind AS from April 1: Govt
Ø 6 of top 10 most valued firms add Rs 60,208 cr in m-cap
Ø Arbitration award in Reliance-ONGC gas row next month
Mint
Ø RITES to buy 25% stake in IRSDC for ₹250 crore
Ø Tata Motors open to stake sale in finance arm TMFL, aims Rs50,000 crore AUM by 2020
Ø Govt weighs various options to bring down its stake in IDBI Bank
Ø NCLT gives 90 more days for Ruchi Soya insolvency resolution
Ø Companies under insolvency process to face additional surveillance from 11 June
Financial Express
Ø Insolvency & bankruptcy: Focus on resolution and not liquidation, says IBBI chief MS Sahoo
Ø Number of air passengers has gone up to more than 10 cr: Jayant Sinha
Ø NTPC to acquire power plants of Jaiprakash Power and Jindal India
Ø Industry expects close to 8% GDP growth over next two years: CII
Financial Chronicle
Ø India mulls new group in WTO to work on future plans
Ø Listed companies may see recovery, clock 17-18% growth in FY19
Ø BSNL to borrow Rs 4,300 cr in FY19
Ø High demand, low stocks to keep Mustard prices firm
Ø Optimism on job scenario fades, shows RBI survey
👉NCLT Bars Jignesh Shah, Nine Others involved in the NSEL Scam, from being Directors in Companies
👉NSE, the Country’s Largest Stock Exchange, has filed papers with market regulator SEBI to launch a Commodity Exchange on October 1
👉Finance Ministry may transfer 5 Sick CPSE shares to the Special National Investment Fund (SNIF) to meet SEBI's Minimum 25 Per Cent Public Shareholding
👉Centre has rejected NBFCs’ request to defer Ind AS implementation by one year as has been done for banks. Confirming this decision, a Government official said that NBFCs will have to implement Ind AS from April 1 this year
👉SCO Summit 2018: China Allows India to Export Non-Basmati Rice. Two Nations Sign Protocol, under which Indian rice exported to China will have to meet importing country's quarantine rules, and must be free of six identified pests
👉As a Multi-Agency Probe Continues in India into Alleged Lapses Involving ICICI Bank’s chief Chanda Kochhar and her Family Members, the matter has also come under the scanner of the U.S. Markets Regulator, the Securities and Exchange Commission (SEC), which seeks more details from SEBI, as bank is Listed on the American Stock Exchanges too
👉Indian Valuation Standards of ICAI effective for Valuation Reports issued on or after 1st July, 2018. These will be applicable for all Valuation Engagements on Mandatory Basis under the Companies Act 2013 whereas under other Statutes like Income Tax, SEBI, FEMA etc, it will be on Recommendatory Basis
