27.06.18 Economic News
👉GST Provisions on TDS/TCS, Reverse Charge Mechanism Deferred by another 3 Months Till September-end.
👉Petition in Madras HC against constitution of GST Appellate Tribunal
👉NCLT Admits Insolvency Petition filed by SBI Against Uttam Value Steel Ltd, a Listed Subsidiary of Uttam Galva Steels Ltd
👉SEBI Receives 8 Counter Bids, that can Offer Higher Price for the Properties belonging to PACL group, than that proposed by the company
👉A Special Court in Mumbai allows probe agency ED to Start Extradition Process Against Nirav Modi
👉China to Cut Import Tariffs on Soyabean & Other Items from India amid trade war with US. The reduction of duties, announced by the State Council or China’s cabinet, will take effect from July 1.
👉EPFO gives its members an option to withdraw 75 per cent of their funds after one month of unemployment and keep their PF account with the body.
👉RBI slaps ₹6-Crore Penalty on Tamilnad Mercantile Bank for its Lapses in adhering to the Master Directions issued by it on Issue and Pricing of Shares.
👉Federation of Indian Art Silk Weaving Industry (FIASWI) has demanded Imposition of Additional Customs Duty on Silk Fabrics Imported from Vietnam to provide a Level-Playing Field to Indian Manufacturers.
*Quote of D-DAY*
Some flowers grow best in the Sun and some grow well in the shade. Remember God puts us where we grow best. So *Always* be *Happy* in Every situation of *Life*.
_Good Morning_💐💐
*Happy Reading on 27.06.2018*
*Mint*
=> Mindtree founders may sell entire stake to NEC Corp., private equity firm
=> ICICI Bank shares still in favour stock, but Mahindra is the best bet, say analysts
=> RBI says worst not over yet, bad loans will rise further this year
=> Vijay Mallya seeks to sell $2 billion in assets to settle bank dues
=> EPFO allows subscribers to withdraw 75% of PF after 1 month of unemployment
=> Aadhaar Virtual ID to be accepted from July.
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*Business Standard*
=> Bank NPA ratio to hit 12%, may reach highest level since 2000: RBI report
=> US Supreme Court upholds travel ban; gives Trump legal, political victory
=> Ahead of 2+2 meet, Trump accuses India of levying 100% tariff on US imports
=> Centre eases oil exploration norms, allows access outside contract areas
=> The opposition has an upper hand in the Rajya Sabha deputy chairman contest
=> Not even ministers, officials can come too close to Modi without SPG nod
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*Economic Times*
=> Another top executive of AirAsia India resigns
=> US Supreme Court rules in favour of Trump's travel ban
=> FIFA 2018: Argentina scrape into last 16 with 2-1 win over Nigeria
=> Idea shareholders approve new name 'Vodafone Idea', fund raising of Rs 15k crore
=> No job for a month? You can use 75% of your PF till you find one
=> Threat to Modi 'all-time high'; even ministers cannot come too close without SPG clearance
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*Financial Express*
=> Reliance Jio enters a new league, crosses 200 million user mark
=> Harley ditches Donald Trump as trade war begins to bite
=> Amarnath Yatra 2018 begins today
=> Idea shareholders approve new name 'Vodafone Idea Ltd', Rs 15,000 crore fund raise plan
=> Now apply for passport from anywhere in India irrespective of the place of stay
=> Banks' NPAs status to worsen to over 12% by fiscal-end: RBI
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*Hindustan Times*
=> Another video of Siddaramaiah surfaces, adds to strains in Congress-JDS coalition
=> Uttarakhand court sets 5-decibel limit for loudspeakers; your breathing is louder
=> ‘All-time high’ threat to Modi: Even ministers won’t be allowed near
=> Messi’s Argentina strike late vs Nigeria to enter FIFA World Cup Rd of 16
=> Vijay Mallya says wrote to PM in 2016, ‘tired of govt’s relentless pursuit’
=> Now, apply for passport on mobile phone from anywhere in India
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*Indian Express*
=> Mehul Choksi diverted Rs 4,000 crore to Gitanjali subsidiaries: Probe
=> Jharkhand: Six Jaguar Force jawans killed in Maoist landmine blast
=> Argentina strike late to beat Nigeria 2-1, through to World Cup knockouts
=> Mallya’s plea: Let my firms sell assets worth Rs 13,900 crore, repay banks
=> Amarnath Yatra begins today: Pilgrims ready, ‘a little worried’
=> Defence Ministry sets up committee to check HAL’s ‘high bill’ for Tejas jet
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*The Hindu*
=> NGOs on ED’s radar for funding Naxals
=> FIFA 2018: Argentina strike late to advance to knockout stages
=> U.S. Supreme Court upholds Trump travel ban
=> ‘India most dangerous for women’: NCW rejects survey, faults sample size
=> Modi rubbishes Congress charge of authoritarian rule
=> T.N. Assembly says no to Dam Safety Bill
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*The Times of India*
=> Want to settle but being made scapegoat: Mallya
=> Govt starts diplomatic offensive to trace Nirav
=> Cut down on road shows, worried SPG advises PM
=> Can't blame boss for suicide over workload: SC
=> Withdrawals easier, faster as EPFO changes rules
=> For Std X retests, CBSE will email paper to centre
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*अमर उजाला*
=> झारखंड: नक्सली हमले में सशस्त्र बल के 6 जवान शहीद, 5 घायल
=> अब पासपोर्ट बनवाना हुआ आसान, देश में कहीं से भी कर सकते हैं आवेदन
=> नौकरी छूटने पर भी पीएफ से निकाल पाएंगे 75 फीसदी रकम, ये है EPFO का नया नियम
=> यूएस सुप्रीम कोर्ट का मुस्लिम बहुल देशों पर बड़ा फैसला, ट्रंप के ट्रैवल बैन को दी मंजूरी
=> NGAvARG: मेसी के दम पर अंतिम-16 में पहुंची अर्जेंटीना
=> टू प्लस टू वार्ता से पहले ट्रंप ने खोला भारत के खिलाफ मोर्च
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*हिन्दुस्तान*
=> दिल्ली एनसीआर में बारिश के बाद लोगों को गर्मी से मिली राहत
=> जम्मू: सुरक्षा के कड़े इंतजाम के बीच अमरनाथ यात्रा का पहला जत्था रवाना
=> उत्तर प्रदेश में सीएम योगी के नेतृत्व में 2019 लोस चुनाव लड़ेगी भाजपा
=> FIFA WC 2018 ARGvsNGA: मेसी और मार्कोस ने अर्जेंटीना को अंतिम-16 में पहुंचाया
=> झारखंडः लातेहार में नक्सलियों के सुरंग में विस्फोट से 7 जवान शहीद
=> माल्या की चिट्ठी पर सरकार का जवाब-कर्ज चुकाना होता तो अब तक चुका देते
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*दैनिक जागरण*
=> प्री मानसून की दस्तकः दिल्ली-एनसीआर के कई इलाकों में बारिश, उमस-गर्मी से मिली राहत
=> जम्मू-कश्मीर: 70 विदेशी सहित 258 आतंकी सक्रिय, ऑपरेशन ऑलआउट में तेजी लाएगी सेना
=> अब केंद्रीय कर्मियों को नहीं मिलेगा ओवरटाइम, सातवें वेतन आयोग की सिफारिशों के अनुरूप फैसला
=> फीफा विश्व कप 2018: अर्जेंटीना ने नाइजीरिया को हराकर अगले राउंड में जगह बनाई, अब फ्रांस से होगा मुकाबला
=> फीफा विश्व कप 2018: क्रोएशिया ने आइसलैंड को 2-1 से हराकर अंतिम 16 में जगह बनाई
=> भारत ने सौंपा सेशेल्स को दूसरा ड्रोन विमान, डोर्नियर के जरिये समुद्री सीमाएं सुरक्षित रहेंगी
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*प्रभात ख़बर*
=> लातेहार : बूढ़ा पहाड़ में सर्च अभियान के दौरान नक्सलियों ने किया आइइडी ब्लास्ट, छह जवान शहीद, एक की स्थिति गंभीर
=> FIFA World Cup : नॉकआउट में पहुंचने के लिए जर्मनी-ब्राजील को चाहिए जीत
=> पासपोर्ट विवाद : बताये गये पते पर नहीं रह रही थी तन्वी, यूपी पुलिस ने सौंपी रिपोर्ट
=> Bihar Board 10th Result 2018 : 68.89 फीसदी पास, प्रेरणा बनीं टॉपर, पहले तीन टॉपर्स में 4 बेटियां
=> यौन हिंसा के बढ़े खतरे के कारण भारत महिलाओं के लिए बना सीरिया से भी खतरनाक देश
=> कर्नाटक में BJP फिर बनाएगी सरकार ? अमित शाह से मिलने पहुंचे येदियुरप्पा
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27th June 2K18
Economic Times
Ø PSBs account for 85% of bank fraud cases: RBI report
Ø Nearly one-fourth of banks loan has turned sour: RBI
Ø Idea shareholders approve new name 'Vodafone Idea'
Ø Sebi orders open offer for NDTV
Ø Brexit bill becomes law, allowing UK to leave the EU
Business Standard
Ø Hedge funds accuse Indian co of $1.5 bn fraud
Ø India records highest number of IPOs globally in 2018
Ø Bhushan Steel reclassifies promoters after takeover by Tata Steel
Ø Ashok Leyland's LCV business turns around, posts Rs 1.34 bn profit in FY18
Ø Vijay Mallya offers to sell assets worth Rs 139 billion to settle dues
Ø LIC may enter banking space; eyes majority stake in IDBI Bank
Ø Jindal Steel's units in South Africa file for bankruptcy protection
Buisness Line
Ø NPA situation likely to worsen further: RBI
Ø Fitch retains Airtel’s ratings at BBB-, outlook stable
Ø Govt repaid over Rs 2 lakh cr on account of oil bonds taken: Pradhan
Ø 95% safeguard duty sought on imported solar cells, modules
Ø Piramal arm sells stake in PISA to Alliance Medical
Mint
Ø SEBI clears HDFC Mutual’s initial public offering
Ø Japan, South Korea eye tie-up with India to fund projects abroad
Ø PNB Housing Finance plans to raise Rs10,000 cr via bonds
Ø Macquarie moves insolvency tribunal against Ind-Barath
Ø Varroc Engg IPO receives over 30% subscription on Day 1
Ø GST Council may cut tax on construction material to 18%
Ø Lakshmi Vilas Bank board approves 15 cr eq shares issue
Ø NCLT admits insolvency petition against Uttam Galva Steel subsidiary
Financial Express
Ø Domestic consolidation, portfolio realignment to boost M&A transactions, says EY report
Ø GST Council to look at option of centralised appellate authority
Ø GE, icon of American business, to exit health-care and oil sectors
Ø Chinese airlines become collateral damage in trade war with US
Ø Government debt rises to Rs 76.94 lakh crore in Q4 FY18
Financial Chronicle
Ø NBFCs make rapid strides with 30.8% net profit growth in FY18
Ø Shriram Transport to issue Rs 5K cr NCDs
Ø IndusInd to acquire brokerage biz of IL&FS
Ø Irdai likely to clear LIC-IDBI deal with few conditions
Ø More women in work force to boost India’s GDP: McKinsey