Friday, 27 July 2018

27 July 2018 News

Quote of D-DAY

Sometimes it's not about the journey or the destination but about the people you meet along the way.

Good Morning_ 💐💐

Happy Reading on 27.07.2018

*Mint*

=> Hindalco’s US arm buys Aleris for $2.58 billion

=> Pakistan election results: Imran Khan claims poll win, bats for better ties with India

=> Facebook shares plunge to historic low as data scandals take a toll

=> Starbucks to enter smaller Indian cities from next fiscal

=> RBI moves to wind up CDR system

=> India wants to work with BRICS nations on 4th Industrial Revolution, says PM
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*Business Standard*

=> Hindalco's Novelis to buy aluminium products maker Aleris for $2.58 billion

=> SBI, PNB, BoB may introduce performance-linked pay for senior management

=> Reliance Jio effect: Bharti Airtel posts Rs 9.4-bn loss in India operations

=> PepsiCo spends Rs 20 million to put an end to social media digs at Kurkure

=> Facebook's biggest one-day stock wipe-out leaves Zuckerberg $15 bn poorer

=> After DoT nod, Vodafone-Idea set to be country's largest telecom operator
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*Economic Times*

=> Domino’s in trouble for not passing on GST cuts

=> Income tax return filing deadline extended to August 31

=> Internet, SMS services barred in Navi Mumbai

=> China fears bankruptcies of major firms due to Trump’s actions

=> PF subscribers may get choice of investments for higher returns

=> Karunanidhi health sees 'slight decline'
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*Financial Express*

=> Arvind Subramanian departs after near 4-year stint as India's Chief Economic Advisor; Thursday was his last day

=> Onion prices may shoot up: Movement halts at Lasalgaon due to transporters' strike

=> Amid trade war with US, China appears to be serious on buying Indian rice; allows imports from 5 more firms

=> Bankers seek interest subvention on investment loans to farmers to bring down incidence of defaults

=> EESL to tie up with post offices, CSCs to improve its after sales services

=> RBI Circular: Government to favour relief to power producers at Allahabad High Court
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*Hindustan Times*

=> Pakistan’s Imran Khan declares poll victory, sends peace overture to India

=> West Bengal Assembly passes resolution to change state’s name to Bangla

=> PM Modi talks trade at BRICS Summit, meets Xi on sidelines

=> Facebook shares fall by nearly 20%, wiping out $120 billion in market value

=> Sabarimala petitioners seeking ban on women entry warn of Ayodhya rerun

=> India says status quo in Doklam, US official claims China resumed activity
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*Indian Express*

=> Fingers crossed in Delhi, mission was in touch with Team Imran in Pakistan

=> Unlike last year, Jaish, Lashkar not named in BRICS statement

=> Mehul Choksi on the move again, probe agencies say he has left Antigua

=> BRICS: PM Narendra Modi meets Chinese President Xi Jinping, discusses ties

=> Sourced from the jungles of Bastar, mahua to go mainstream under govt scheme

=> Gauri Lankesh murder probe: ‘Each recruit had separate phone to discuss activities’
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*The Hindu*

=> Modi meets South African President, discusses ways to boost bilateral ties

=> Doctors monitoring DMK chief Karunanidhi’s health

=> New Pak. govt unlikely to be better disposed towards New Delhi

=> Lok Sabha passes Anti-Trafficking Bill

=> Zuckerberg net worth falls by $16 billion as Facebook faces day of reckoning

=> Pakistan ready to improve ties with India: Imran Khan
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*The Times of India*

=> Islamabad sees better ties, but Delhi sceptical

=> Govt denies reports of Chinese activity in Doklam

=> Despite hype, e-vehicles face uphill drive in India

=> Yamuna may reach warning level today

=> Mallya can't appeal against London HC verdict

=> NGT sets up panel to track river cleaning
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*अमर उजाला*

=> यमुना का जलस्तर और बढ़ने पर जलमग्न होगी दिल्ली, उफान पर कई नदियां

=> आज धरती के बेहद करीब से होकर गुजरेगा मंगल, चंद्र ग्रहण का नजारा भी होगा अनोखा

=> चर्चों में कन्फेशन प्रथा खत्म हो, पादरी महिलाओं से गुप्त बातें जानकर करते हैं शोषण: महिला आयोग

=> यूपी: शिक्षकों की भर्ती में बड़ा घोटाला, फर्जी दस्तावेजों से हुईं 2000 से ज्यादा भर्तियां

=> फेक न्यूज रोकने के लिए ट्विटर उठा रहा है कदम, नहीं कर पाएंगे 300 से ज्यादा मैसेज

=> असम में उल्फा के ठिकाने नष्ट, भारी मात्रा में गोला-बारूद बरामद
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*हिन्दुस्तान*

=> पाकिस्तानः इमरान की पहली पसंद चीन, भारत आखिरी, अलापे कश्मीर राग

=> सख्त कानूनः चेक बाउंस होने पर काटनी होगी जेल, चुकानी होगी बड़ी रकम भी

=> जम्मू-कश्मीर: पुलिस चौकी में घुसे आतंकवादी 4 राइफल लेकर हुए फरार

=> लोकसभा चुनावः नेताओं,पार्टियों के साथ-साथ फेसबुक की भी 'अग्नि परीक्षा'

=> पाकिस्तानी सेना के लाडले बने इमरान ने कभी कहा था- सेना के दिन अब लद गए

=> यूएस के पहले सिख-अमेरिकी अटॉर्नी जनरल पर पगड़ी को लेकर नस्ली टिप्पणी
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*दैनिक जागरण*

=> सदी का सबसे लंबा चंद्रग्रहण आज, एक ही रात में तीन खगोलीय घटनाएं

=> पवार-ममता-मायावती की सक्रियता ने विपक्षी खेमे में बढ़ाई सियासी सरगर्मी

=> बंपर जीत के बाद कश्मीर पर बोले इमरान, भारत एक कदम बढ़े, हम दो कदम आगे बढ़ेंगे

=> SBI का मनी ट्रांसफर, अब बेनीफिशयरी जोड़े बिना ट्रांसफर करें पैसे

=> दिनेश कार्तिक ने जगाई उम्मीद, इंग्लैंड के खिलाफ फिर कर सकते हैं 10 वर्ष पहले जैसा प्रदर्शन

=> भारत की इंटरनेट मार्केट हथियाने की चाहत में दुनिया की टॉप कंपनियां
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*प्रभात ख़बर*

=>  पटना : विधायक व विधान पार्षद अब हर साल कर सकेंगे तीन करोड़ खर्च

=> 6GB रैम और 4 कैमरे के साथ लांच हुए Huawei Nova 3, Nova 3i स्मार्टफोन्स

=> वर्ल्‍डकप के बाद वनडे से संन्‍यास लेंगे डेल स्‍टेन, खेलते रहेंगे टेस्‍ट

=> खेल के मैदान में ही नहीं 'इश्‍कबाजी' में भी 'मास्‍टर' रहे हैं इमरान, बेनजीर से था अफेयर !

=> भारतीय बैडमिंटन खिलाड़ियों का रूस ओपन में शानदार प्रदर्शन जारी

=> चौथी औद्योगिक क्रांति के लिये ब्रिक्स देशों के साथ मिलकर काम करना चाहता है भारत : PM मोदी
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27th July 2K18

Economic Times

Ø  Iran extends insurance cover to keep oil flowing to India
Ø  DoT gives final nod to Vodafone-Idea merger
Ø  Hindalco arm to buy US-based Aleris in $2.58b deal
Ø  About 2L jobs lost due dumping of Chinese solar panel
Ø  'RCom's spectrum cancellation will jeopardise recovery'
Ø  HPCL cancels the purchase of an Iranian oil cargo

Business Standard

Ø  ITC Q1 net profit rises 10.07% at Rs 28.19 billion, beats estimates
Ø  Aion-JSW Steel to pay Rs 29 bn to pick Monnet's 74.3% equity
Ø  Inbound FDI from tax havens shoot up in FY18
Ø  Price of iron ore fines jumps by 17%, lumps by 11% as steel prices soften
Ø  Tata Steel's Bhushan Steel acquisition hits NCLAT hurdle, may get costlier
Ø  Dr Reddy's June qtr net surges over six-fold at Rs 4.56 bn on turnaround

Business Line

Ø  Bharti Airtel Q1 net profit plunges 73% to Rs.97 crore
Ø  Pepper imports by EoUs and SEZs exempt from price control: DGFT
Ø  Govt panel comes down hard on pharma firms over fixed-dose combination drugs
Ø  Import duty on consumer durables may go up
Ø  At 1 lakh new jobs, hiring will be flat in FY19: Nasscom

Mint

Ø  HDFC AMC IPO attracts strong demand, subscribed over 5 times on Day 2
Ø  US SEC steps up probe into ICICI Bank’s accounting practices
Ø  CESC Q1 profit rises to ₹182 crore
Ø  Qualcomm walks away from $44 billion NXP bid, will buy back $30 billion of shares
Ø  Jyothy Lab Q1 profit rises 57% to ₹32 crore

Financial Express

Ø  ASCI pulls up Tata Steel, Xiaomi, 87 others for misleading ads
Ø  AccorHotels drops bid for Air France-KLM stake
Ø  Indian IT companies becoming true multinationals, says NASSCOM
Ø  US wants to reduce trade deficit with India soon, says official

Financial Chronicle

Ø  India surpasses Japan in steel production
Ø  Irdai wants standardised exclusions in health policies
Ø  Nirav, Choksi summoned under new fugitive law
Ø  Voda-Idea merger creates $23 billion telecom giant
Ø  Govt hopes FY19 may see at least one case of PSB merger

27.07.18 Economic News

👉Rajya Sabha also passes The Negotiable Instruments (Amendment) Bill, 2018, for Quick Prosecution in 'Cheque Bounce' Cases. It was passed in the Lok Sabha on July 23

👉Draft GST Return Forms to be released for Public Comments by Monday. GST Commissioner CA Upender Gupta said in the New Return Filing System 'Nil' Filers, who don't have purchase or supplies in a quarter, can file returns by just sending an SMS.

👉Change in Rate of Tax Of Goods, Exemptions  to Goods, Propsed by GST Council is made effective from 27 July 2018 i.e. Today. Other Notifications also released.

👉Department of Telecommunications (DoT) Gives Final Nod to Vodafone-Idea Merger, issuing a letter to this effect to both companies.

👉NCLT rejects Jyoti Structures' Resolution Plan and orders for Liquidation of the Company’s Assets

👉PNB fraud: Special PMLA court issues Fresh Summons to Nirav Modi & Mehul Choksi to appear before it, failing which they would be declared as Fugitive Economic Offenders.

👉DGFT Notifies that Imports under the Advance Authorisation Scheme (AAS) by Export-Oriented Units (EoUs) and Units in Special Economic Zones (SEZs) are ‘Free’ and Exempt from the Floor Price or Minimum Import Price (MIP).

👉ICAI commences Course to improve Drafting and Representational Skills of Chartered Accountants with the First Batch of the Certificate Course on Preparation of Appeals, Drafting of Deed & Documents and Representation before Appellate Authorities and Statutory Bodies.