Wednesday, 20 June 2018

20 June 2018 Updates

20th June 2K18

Economic Times

Ø  'India has potential to become $10 tn economy by 2030'
Ø  Govt open to giving more powers to RBI: FM Goyal
Ø  Government eases import of used machinery
Ø  India sees 20% rise in $ millionaires, despite GST
Ø  Public money extremely safe in PSBs: Goyal

Business Standard

Ø  Centre saved Rs 90,000 cr through digital transfer: Kant
Ø  Government puts off Air India stake sale for now
Ø  CAD at 2.5% of GDP not a worry, govt geared to deal with outlows: FinMin
Ø  Kharif sowing down by 75% in Gujarat due to chronic water shortage
Ø  Cotton blooms as US-triggered trade war intensifies, yarn prices up 10%
Ø  Infra, realty firms face refinancing test of Rs 3-4 trillion: Ind-Ra
Ø  Maharashtra govt's move to ban use of plastic puts RIL in recycle mode

Business Line

Ø  Zydus Cadila gets USFDA nod for erectile dysfunction drug
Ø  Centre sets 30 GW target for offshore wind power by 2030
Ø  Rubber imports: Planters decry easier port entry norms
Ø  Cipla gets USFDA nod for generic HIV drug
Ø  RCom arm GCX completes India data centre for Eagle Subsea Network

Mint

Ø  Infosys to set up data marketplace for enterprises
Ø  Rupee closes at 1-month low against US dollar
Ø  Tata Steel-Thyssenkrupp merger to cut costs: Moody’s
Ø  Bangladesh’s bulk drugs policy may hurt Indian exports
Ø  3 foreign investors trim shareholdings in ICICI Bank amid governance concerns
Ø  Narendra Modi govt planning National Electricity Distribution Company

Financial Express

Ø  Bankers chalk out strategy to promote lending to corporates, MSME, says Piyush Goyal
Ø  Hotel industry’s recovery trend to continue till FY22: Icra
Ø  Patanjali gets UP’s nod to give land to subsidiary firm to set up food park
Ø  Internet now has 333.8 million domain names

Financial Chronicle

Ø  SBI bats for consolidation of other PSBs
Ø  RBI revises up housing loan limits under priority sector
Ø  Varroc sets IPO price band at Rs 965-967 for Rs 1 shares
Ø  Fund outflows relentless; rupee may touch 70-level by year-end