Wednesday, 4 July 2018

04 July 2018 News

Quote of D-DAY

*Life is Best for those who are Enjoying it;* Difficult for those who are comparing it; and Worst for those who are criticising it. *Your own Attitude defines your Life.*

Good Morning 💐💐
                     

Happy Reading on 04.07.2018

*Mint*
=> In the last five years, BSE 500 has given 5% higher annual returns compared to S&P 500

=> Fresh investments dip sharply in Q1 after rising in previous quarter

=> Mumbai Rains: Jet Airways, IndiGo, Vistara to accommodate delayed passengers

=> Bidders may stay away as Fortis woes worsen

=> Govt likely to go slow on key anti-evasion measure under GST

=> Check spread of fake messages, govt tells WhatsApp
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*Business Standard*

=> Munjal-Burman backs out from Fortis bidding; IHH, Manipal-TPG in fray

=> Major crackdown on shell firms? BSE to delist 222 companies from Wednesday

=> GST trails annual tax target; Budget deficit could top 3.5% if trend holds

=> Saudi Arabia says ready to pump more oil to balance global market

=> Vedanta delisting not related to Tuticorin incident: Anil Agarwal

=> MARKET WRAP: Sensex ends 114 points higher; Pharma, IT stocks lead up move
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*Economic Times*

=> Modi govt sends a warning message to WhatsApp

=> FIFA 2018: Sweden beats Switzerland 1-0 to reach quarter-finals

=> Railways to fill up over 1 lakh vacancies by March-April 2019

=> PNB shutting down the branch that caused India's biggest banking fraud

=> Hero's Munjal, Dabur's Burmans pull out of race for Fortis

=> Big blow for cryptocurrency holders as Supreme Court refuses relief
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*Financial Express*

=> PM Narendra Modi says proposed grand opposition alliance is merely a grand race by his rivals to be the prime minister

=> No plans to close operations at Brady House branch in Mumbai, says fraud-hit PNB on Rs 14k-cr Nirav Modi scam

=> UIDAI says Aadhaar security mechanism detected Hyderabad SIM vendor fraud

=> Sahara's Plaza Hotel, which also belonged to Donald Trump once, to be sold for $600 million to Qatar

=> Jaiprakash Associates moves Supreme Court, seeks approval of revival plan for Jaypee Infratech

=> 3% GST on gold procurement hampering exports, says Gem and Jewellery Export Promotion Council
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*Hindustan Times*

=> After lynchings, government warns WhatsApp over spread of rumours

=> World Cup 2018: Emil Forsberg guides Sweden to victory over Switzerland

=> UP madrasas to shun ‘kurta-pyjama’ as Adityanath govt moots new dress code

=> DU extends admissions under 3rd cutoff list after technical glitches

=> Mumbai bridge that collapsed ‘cleared safety audit’ in November

=> Election for RS deputy chair will test Opposition unity
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*Indian Express*

=> Amid series of lynchings, Govt asks WhatsApp to curb spreading of 'irresponsible messages'

=> Andheri bridge collapse: Motorman averts major tragedy; govt announces Rs 5 lakh reward

=> Dr Kafeel Khan's brother, friend booked for using fake document to open bank account

=> Aaron Finch hits 172 runs against Zimbabwe, highest T20I score

=> SC 'shocked' over huge number of uncontested seats in West Bengal panchayat polls

=> Sweden win scrappy Swiss encounter to reach quarter-finals
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*The Hindu*

=> FIFA 2018: Sweden edge Switzerland 1-0 to reach quarter-finals

=> IOA clears 523-strong contingent for 18th Asian Games

=> PNB to close most operations in fraud-hit Mumbai branch

=> States are obligated to stop lynchings, notes Chief Justice of India

=> Andheri bridge collapse: rail services will be back by night, says Piyush Goyal

=> Agonising rescue ahead for Thai cave boys as nation rejoices
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*The Times of India*

=> Govt warns WhatsApp over messages fueling hate

=> Mumbai bridge collapsed 7 months after audit

=> WC: Sweden beat Switzerland 1-0 to enter quarters

=> Relatives demand CBI probe into Burari deaths

=> Delhi: 100 public services at doorstep by Aug

=> CBI seeks custodial interrogation of Chidambaram
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*अमर उजाला*

=> शाह के पूर्वांचल दौरे से यूपी में 'मिशन-2019' की शुरुआत

=> बिहार: महागठबंधन में नीतीश के शामिल होने को लेकर मचा घमासान

=> आरोन फिंच ने रचा इतिहास, टी-20 में सबसे बड़ा स्कोर बनाकर

=> दिल्ली के डॉक्टरों ने किया दुनिया के सबसे वजनी बच्चे का ऑपरेशन

=> भारत में नेपाल के रास्ते हो रही चीन से सोने की तस्करी

=> एनडी तिवारी के स्वास्थ्य में बीते दो हफ्तों से लगातार गिरावट
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*हिन्दुस्तान*

=> कौन होगा दिल्ली का बॉस केजरीवाल या LG? कल SC करेगा फैसला

=> महाराष्ट्र के बाद अब यूपी में होगा पॉलीथीन बैन, CM योगी ने किया एलान

=> मौसम अलर्ट: कल 14 राज्यों में मूसलाधार बारिश की चेतावनी

=> दिल्ली: छा सकता है अंधेरा,मंत्री ने चेताया-कभी भी हो सकता है ब्लैक आउट

=> FIFA WC 2018 SUIvsSWE: स्वीडन ने स्विट्जरलैंड को 1-0 से हराकर फुटबॉल विश्व कप से किया बाहर

=> कैलाश मानसरोवर के 1500 श्रद्धालु फंसे, 150 को निकाला, PM ने जताई चिंता
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*दैनिक जागरण*

=> दिल्ली का 'बॉस' कौन, सीएम बनाम एलजी मामले में SC की संविधान पीठ सुनाएगी फैसला

=> सीएम रावत के दरबार में हंगामा करने वाली शिक्षिका ने ठुकराया बिग बॉस का ऑफर

=> एरॉन फिंच ने तूफानी पारी खेलकर बनाया World Record, 76 गेंदों में ठोक दिए रन

=> अल्लाह के बंदों ने पेश की मिसाल, कुंभ यात्रियों के लिए खुद तोड़ी मस्जिदें

=> तेज प्रताप के 'प्रेशर पॉलिटिक्‍स' से सकते में लालू परिवार, राजद बोला- ऑल इज वेल

=> लोगों के गले नहीं उतर रही आत्महत्या की थ्योरी, खौफ में गुजरी पड़ोसियों की रात
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*प्रभात ख़बर*

=> WhatsApp को सरकार ने दी चेतावनी, अफवाह और फेक मैसेज को चेक करने का दिया निर्देश

=> FIFA WC : स्विट्जरलैंड को 1-0 से रौंदाकर स्वीडन क्‍वार्टर फाइनल में

=> RJD 5 जुलाई को मनायेगा स्थापना दिवस, लालू परिवार में उभरे मतभेद के बीच तेजप्रताप पर टिकी सबकी निगाहें

=> कांग्रेस नेता प्रियंका की बेटी को रेप की धमकी : गृह मंत्रालय ने मुंबई पुलिस को दिया मामला दर्ज करने का निर्देश

=> इंडोनेशिया में नौका दुर्घटना, 16 लोगों की मौत, 139 लोग लापता

=> तीरंदाजी में अपने सपनों को उड़ान देने में लगी हैं झारखंड की बेटियां, बेहतर कल पर साध रहीं निशाना
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04.07.18 Economic News

👉PNB moves DRT against Nirav Modi to Recover Rs 7,000 Crore

👉SEBI Raises Overseas Investment Limit of Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) to USD 750 Million from the current USD 500 Million

👉LIC’s 51% Stake Buy In IDBI Bank may not Need Parliament’s Approval, as it does not require any changes in the LIC Act

👉NCLAT Seeks Explanation from the Insolvency Resolution Professional (IRP) of Essar Steel Ltd for rejecting the First Round of bids by Numetal Ltd and ArcelorMittal India Ltd.

👉BSE to Delist 222 Companies From Today, as Trading in their shares has Remained Suspended for Over Six Months

👉Supreme Court Refuses to Stay RBI’s Crypto-Currencies Circular, that virtually banned banks and financial institutions from providing services to any individual or business dealing in Digital Currencies.

👉Hero's Munjal & Dabur's Burmans pull out of race for Fortis. Hence, Malaysia’s IHH Healthcare Bhd and TPG-backed Manipal Health, are the only 2 suitors, remained in the Last Lap to buy Fortis

👉Indian Aluminium Exports Jump 36% in 2017-18 on High Global Demand. It rose from 1.22 Million Tonnes (MT) at the end of 2016-17 to 1.66 MT in 2017-18.

4th July 2K18

Economic Times

Ø  FY19 growth will be higher than estimates: Arun Jaitley
Ø  SC refuses to grant relief on RBI ban on crypto
Ø  India may become the 2nd largest smartphone market
Ø  PNB to shut most ops in fraud-hit branch: Sources
Ø  Not responsible for delay in Voda-Idea merger: Govt
Ø  No luck on oil for India, crude hits $75 for first time in 4 years
Ø  SC rejects plea seeking SIT probe against Nirav Modi
Ø  TCS, Infy, Cognizant & Wipro have over $2 billion in tax disputes
Ø  GDP, retail inflation base years to be changed to 2017-18 and 2018

Business Standard

Ø  SAARC Development Fund forays into infra financing with AIIB support
Ø  Sub-prime borrowers fuel affordable housing boom for lenders, HFCs
Ø  Saudi Arabia says ready to pump more oil to balance global market
Ø  IHH Healthcare submits fresh bid for Fortis, offer valid till July 16
Ø  Pharma exports see double digit growth after a gap of three years

Business Line

Ø  Kharif output may be down a tad at 137.73 mt
Ø  BSE to delist 222 companies from tomorrow
Ø  GMR-Megawide consortium commissions new terminal at Mactan Cebu Airport in the
Ø  Zydus Cadila gets USFDA nod to market 2 drugs

Mint

Ø  ‘Discoms can turn profitable only if regulators stop trimming their margins’
Ø  Everstone’s plan to acquire Kenstar hits IBC roadblock
Ø  Manappuram Finance to acquire 85% stake in ISFC for Rs212 crore
Ø  Cheering Vedanta Ltd’s elevation as listed flagship may be premature
Ø  Tata Steel comes out on top in Thyssenkrupp JV agreement
Ø  IFC invests $100 million in Mahindra Finance

Financial Express

Ø  Tata Group mulls folding food businesses into single co.
Ø  Sahara’s Plaza Hotel, which also belonged to Donald Trump once, to be sold for $600 million to Qatar
Ø  IDBI Bank employees oppose proposed take over by LIC
Ø  JPMorgan warns a trade war may trigger China corporate defaults

Financial Chronicle

Ø  Rupee still over-valued by 5-7%: Govt adviser
Ø  Blue Star forays into water purification
Ø  No impact on property prices post-tax reform
Ø  Setback for Vedanta as HC stays order on oil contract extension
Ø  LIC posts 33% increase in investment profits