14.06.18 Economic News
👉GST: Govt Notifies List of Goods which may be Disposed Off Post-Seizure
👉Govt amends CGST Rules: Notifies Changes in GST Returns w.e.f 1st July. The notification amended the rules relating to refund on account of inverted duty structure, refund of input tax credit, rules relating to the anti-profiteering authority, etc applicable from 1st July 2018.
👉Cabinet Clears HDFC Bank's Proposal to Raise Rs 24,000 Crore via FDI.
👉Hong Kong-Based Branches of PNB and IOB have been put under Enhanced Supervisory Oversight and Barred from Proactively Soliciting Customer Deposits by the Hong Kong Monetary Authority as the Capital Adequacy Ratio of the Two Lenders Fell Below the Regulatory Requirements
👉Fitch Ratings Downgrades Viability Rating of SBI, Bank of Baroda on Poor Asset Quality
👉SEBI Cancels Registration of JPMorgan Mutual Fund following the transfer of its schemes to Edelweiss Mutual Fund. SEBI has also withdrawn the approval given to JPMorgan Asset Management India to act as an asset management company to JPMorgan Mutual Fund.
14th June 2K18
Economic Times
Ø US Fed raises rates second time in a year, signals two more hikes
Ø Cabinet approves HDFC Bank's fund-raising plan
Ø India & China may join hands to cut OPEC's dominance in oil market
Ø PNB scam proceeds mainly went to NiMo's kin: ED
Ø Government open to the idea of listing Air India
Ø ICICI Bank to sell 2% stake in life insurance arm
Business Standard
Ø RBI official asks NBFCs to meet MSMEs' funding needs
Ø Bayer begins process to buy up to 26% stake in Monsanto for over Rs 13 bn
Ø HDFC 5th biggest consumer financial services company globally: Forbes
Ø India's CAD triples to 1.9% in Q4 year-on-year, pegged at 1.6% in FY18
Ø Sebi panel to examine direct listing of Indian firms on overseas bourses
Ø Oil prices slip on rising supplies in US; Opec may relax output cuts
Business Line
Ø TCS to consider buyback of shares on June 15
Ø PNB’s capital adequacy falls below regulatory requirement
Ø PM Awas Yojna: Govt raises carpet area up to 2,100 sq ft for interest benefit
Ø Fitch raises India growth forecast to 7.4% for FY’19
Ø BSNL launches FTTH broadband plans to counter competition
Mint
Ø FIIs look to build on India’s realty market as SEBI clears six REITs
Ø India, US to hold extensive talks to address trade issues
Ø Fitch downgrades viability rating of SBI, BoB on poor asset quality
Ø Hindusthan National Glass sells its entire 11.23% stake in HNG Float Glass
Ø Blackstone raises $9.4 bn for Asia realty, PE funds
Ø Bitcoin hits 4-month low after currency exchange theft
Ø Truecaller buys Chillr, looks to expand digital payments services
Financial Express
Ø Reeling under debt of around Rs 45k cr: Jobs at Reliance Communications reduced by 94%
Ø ‘Securitisation volumes down 7.2% in FY18 on GST ambiguity’
Ø DoT asks telcos to tweak systems for use of virtual IDs, limited KYC
Ø Spending on medicines alone pushed 38 million people to below poverty line, says report
Financial Chronicle
Ø Bharat 22 ETF to raise Rs 8,400 cr from new issue
Ø Only 32% Indians make financial transactions online
Ø India has just a decade to become a developed nation: SBI
Ø Hong Kong branches of PNB, IOB under lens
