19th June 2K18
Economic Times
Ø Chanda goes on leave, ICICI puts Bakhshi in charge of operations
Ø IOC in talks with US cos for term deals to buy 1MT oil
Ø Led by pvt sec lenders, bank credit up 3.4% in Dec qtr
Ø London & other cities call for new petrol car ban
Ø Discom losses down 70% to Rs 17K cr, says report
Ø Vectus Industries files for Rs 500 cr IPO with Sebi
Business Standard
Ø Govt to subsidise finance and insurance cost for sugar buffer stock
Ø EPFO proposes move to ban full withdrawal of PF savings
Ø Arun Jaitley hints no cut in excise on oil, asks citizens to pay taxes
Ø Lupin, Nichi-Iko to commercialise arthritis biosimilar in Japan
Ø Piramal to back Chennai-based Appaswamy group, sanctions Rs 2 bn facility
Business Line
Ø Need to increase tax-GDP ratio by 1.5% points: Jaitley
Ø Automakers’ capex pegged at Rs 58,000 cr for next two years: Crisil
Ø NCLT grants additional 20 days for Adhunik Metaliks to complete insolvency resolution process
Ø AU Small Finance Bank to raise ₹1000 crore from Temasek
Ø Recharging Eveready: Company seeks to halve debt by selling land
Mint
Ø ED wants ‘fugitive’ tag for Vijay Mallya
Ø RBI wants banks to discipline Indian corporates on working capital
Ø TCS share buyback shows absurdities of India’s repurchase rules
Ø HDFC Bank may rely on Indian market for $2.3 billion share sale
Ø Distressed asset funds eye buyout deals ahead of bankruptcy process
Financial Express
Ø GST formalising economy, widening tax base, says Finance Ministry
Ø TCS sets up new delivery centre in Paris that can accommodate up to 230 employees
Ø Retail-focused NBFCs may need up to Rs 4 trillion fresh debt to grow at 20% in FY19: Report
Ø Irdai sets up panel to review norms for insurance marketing firms
Financial Chronicle
Ø Govt to list RVNL, IRFC in Q2
Ø RBI proposals on large loans to improve fund management: SBI
Ø Indians face 25% higher risks to financial fraud
Ø Brokerages seek tax incentives for offshore trades
Ø Gujarat NRE may get a new lease of life
