15.06.18 Economic News 👉CBDT notifies Cost Inflation Index for FY 2018-19 at 280. This notification shall come into force with effect from April 1, 2019 and shall accordingly apply to the AY 2019-20.
👉GSTN enables Facility to update Email and Mobile number of Authorized Signatories
👉ICICI Bank Moves NCLT Against “Punj Lloyd” Under Insolvency Code for Recovery of Outstanding Dues of Rs 852 Crore and also Initiates Forensic Audit Against the Company for which M/s TR Chadha & Co, Chartered Accountants, has been appointed as Forensic Auditor
👉ED Attaches Rs 138-Crore Assets of Kanishk Gold & its Managing Director Bhoopesh Kumar Jain under the Prevention of Money Laundering Act (PMLA)
👉Govt raises the Import Duty by 5-10 per cent on Non-Palm Edible Oils, Both Crude and Refined Ones, in order to protect the interest of Domestic Oilseeds Growers and Processors
👉Fortis Healthcare Withdraws Amalgamation Scheme with SRL & Fortis Malar, citing a delay in its completion
15th June 2K18
Economic Times
Ø India may seek exemptions from US to buy Iranian Oil
Ø Govt Rs 2.1K cr guarantee to clear merger: DoT to Idea
Ø India may begin Nirav's extradition process in UK
Ø Adani Wilmer decides not to revise bid for Ruchi Soya
Ø ICICI Bank invokes insolvency code against Punj Lloyd
Ø Pvt sector banks to wean away share from PSBs: Kotak
Ø Govt to help Air India with liquidity: Jayant Sinha
Business Standard
Ø Steel units seek easier norms for expeditious auction of mineral blocks
Ø Seafood exports may hit all-time high of $6 bn on strong volumes: MPEDA
Ø Karnataka iron ore offtake falls sharply, only 25% of NMDC's output sold
Ø Fortis Healthcare scraps Fortis Malar Hospitals, SRL merger scheme
Ø Aircel, two sister entities under SFIO lens for financial irregularities
Business Line
Ø UK car industry faces threat of post-Brexit ‘extinction’
Ø Wholesale inflation jumps to 14-month high of 4.43% on dearer fuel, vegetables
Ø Alembic Pharma gets USFDA nod for antibiotic drug
Ø Gadkari to meet banks to sort out issues of fund flow to road projects
Mint
Ø Sebi plans revised norms to recover investors’ money
Ø Fine Organic to launch Rs600 crore IPO on 20 June
Ø Govt presses on with plan to sell IDBI Bank stake
Ø Advertising spend will grow 10.5% to Rs.62,400 crore in 2018: Dentsu
Ø NSE looking to ease start-up listing norms
Financial Express
Ø Maharashtra electricity regulator MERC reserves order on Rs 18,000 crore R Infra-Adani deal
Ø Marg ERP expects 50% business growth in Fy19
Ø PM Narendra Modi dedicates SAIL’s upgraded Bhilai Steel Plant to the nation
Ø Public Wi-Fi networks without licence violate law, says COAI
Financial Chronicle
Ø India expects growth in G&J exports as China slashes tariffs by 65%
Ø Just 1% growth in premium for pvt insurers in Apr-May
Ø Only 32% Indians make financial transactions online
