14th August 2K18
Economic Times
Ø CPI cools to 4.17% in July, down from 4.9% in June
Ø Tata Steel Q1 profit doubles to Rs 1,954 crore YoY
Ø Tata Sons to sell Rs 11,500 cr shares in TCS buyback
Ø Indian firms lag compliance of EU data protection rule
Ø Tata Steel submits revised bid for Bhushan Power
Ø CCI okays Adani Wilmar's acquisition of Ruchi Soya
Ø Iran offers Asian buyers cheapest oil in 14 yrs
Business Standard
Ø Sebi's FPI norms may jeopardise billions of dollars from offshore funds
Ø Jet Airways, rating agencies come under regulatory scanner over lapses
Ø Sebi mulls steps to prevent misuse of clients' securities by stock brokers
Ø Bombay HC directs CBDT to reply on STT on physically-settled derivatives
Ø Tata Chemicals Q1 profit up 14% to Rs 2.69 bn; debt slips to Rs 15 bn
Business Line
Ø Ambiguity in Jet Airways’ loan status
Ø Cadila picks up 51% stake in Windlas Healthcare
Ø Steel-makers seek 40% export duty on graphite, removal of dumping duty
Ø Ramky Enviro Engineers to invest Rs.2,500 cr in new projects, expansion
Ø IndianOil to invest over Rs.20,000 cr in city gas biz
Ø ‘NSE’s May 24 trading errors due to tech glitch’
Mint
Ø Rupee plunges to record low, closes near 70 a dollar
Ø Telcos to seek fresh dialogue on scrapping interconnect charges
Ø EIL to invest Rs 700 crore for LPG terminal at Okha
Ø Wipro, ITC, Cadila take lead in race to acquire Complan
Ø BSE seeks further clarification from Jet Airways over deferred results
Ø India may not reach 100GW solar target by 2022: report
Financial Express
Ø Incumbent telcoms’ profit halve in 3 years, margins fall 1,000 bps
Ø SBI ranked as India’s most patriotic brand: Survey
Ø RBI backs proposal to form asset reconstruction firm to salvage power sector stressed assets
Ø Wilful defaulters, economic offenders may not settle a case, suggests Sebi panel
Financial Chronicle
Ø IOC hopes to get Iranian investment for CPCL refinery
Ø RCom reinstates Rs 774 crore bank guarantees with DoT
Ø No safeguard duty on solar cells for now, says FinMin
Ø Household savings hit slowest pace, drop 20%
Ø Turkey attempts to calm markets as crisis deepens
14.08.18 Economic News
👉National Herald case: Delhi High Court to hear pleas of Rahul, Sonia Gandhi today against the reopening of their tax assessments regarding the National Herald transactions and challenging the Income Tax Department’s Notice on re-opening of the assessment.
👉PNB Fraud: Another blow to Nirav Modi Singapore Government Rejects Nirav Modi's Citizenship Request & Passport Application
👉PNB scam: Govt Dismisses Former MD & CEO of Allahabad Bank Usha Ananthasubramanian from Service and gives CBI permission to Prosecute Her and and Sanjiv Sharan, Former Executive Director of the PNB
👉Central Govt Extends the Terms of Non-Executive Chairman of Canara Bank and Bank of India for Two Years. They are Padam Shri CA T. N. Manoharan and Sh. Gopalaraman Padmanabhan respectively.
👉SEBI comes out with list of 1,677 Defaulters including Entities & Individuals, who failed to pay penalties imposed by SEBI till the end of May
👉The Ministry of Finance issues notice to the Customs’ Authorities to defer the 25% Safeguard Duty imposed on Solar Cells and Modules imported from China and Malaysia, following a directive from the Orissa High Court.
👉Reserve Bank backs REC-Promoted Asset Reconstruction Company (ARC) for Power Sector Stressed Assets. The Power Sector is grappling with Non-Performing Assets of about Rs 1.74 Lakh Crore.
👉NSE seeks clarification from Jet Airways over $400 Million Stake Sale Reports. NSE asks whether the Airline’s Management had Sought Extension from its Audit Committee or the Committee did not recommend the Financial Result to the Board.
👉UTI Mutual Fund seeks SEBI nod for 10-Year Gilt Scheme
