Quote of D-DAY
*EVERYTHING HAS A PURPOSE*
You are blessed! Don’t let the tough moments in your life pull you from that truth. Look to God and trust the process. He loves you. He is for you, and He who promise, is faithful. Don’t settle! God Bless you.
Good Morning !!!
Happy Reading on 24.08.2018
*Mint*
=> After China exit, Maruti is all that Suzuki may have
=> Chanda Kochhar probe report to be out in two-and-a-half months: ICICI
=> WhatsApp says cannot build software to trace messages
=> Britannia Industries to split stock in 1:2 ratio
=> Goldman to shut two hedge funds run out of Asia
=> RIL first Indian company to cross ₹ 8 trillion market cap
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*Business Standard*
=> SBI fixes resolution plans for six stressed power assets; RBI deadline ends Monday
=> Ongoing depreciation of the rupee to add to India Inc's borrowing woes
=> Srikrishna panel report on Chanda Kochhar likely in 2 mths: ICICI Chairman
=> Govt snubs WhatsApp's no, wants it to trace origin of fake news messages
=> RIL first Indian firm to hit Rs 8 trillion market cap, TCS not far behind
=> Limited competition in mutual funds irks Sebi; Ajay Tyagi calls for reforms
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*Economic Times*
=> Railways aims to wrap up Rs 50,000 crore projects ahead of 2019 elections
=> Ruchi Soya lenders approve Adani Wilmar's Rs 6,000 crore bid
=> Myntra comes offline with cosmetic products
=> Rs 5,500 cr FAME II finalised; all EVs to get subsidy support
=> 15-year-old Shardul wins silver at Asiad
=> No intent to impose blanket ban on messaging apps: Telecom secretary
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*Financial Express*
=> Draft e-commerce policy ignites turf war between ministries; PMO to have final say
=> Raymond looking to sell Thane land to cut debt
=> Kerala flood relief: Amid political row over foreign aid, UAE ambassador says amount yet to be finalised
=> Board's nod: L&T to buy back shares for Rs 9,000 crore
=> Supplementary grant: Air India likely to get Rs 980 crore next week
=> Panel report: Too little 5G spectrum in India at very high price, needs correction
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*Hindustan Times*
=> Kerala says Tamil Nadu opened Mullaperiyar dam gates, blames it for floods
=> UAE and Saudi have turned in 18 terror suspects to India since 2012
=> Have concrete proof against Kulbushan Jadhav, says Pakistan foreign minister
=> WhatsApp rejects India’s traceability demand, govt says not a deal-breaker
=> India kabaddi coach slams ‘overconfident’ Ajay Thakur after semifinal loss
=> Indian companies find pricing power as growth recovers after cash ban, GST
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*Indian Express*
=> Kerala floods: UAE says nothing official yet, no amount of financial aid announced
=> Govt panel: ‘Johnson & Johnson buried key facts on faulty hip implant surgeries, kept regulator in dark’
=> Probe bookie-player link, alert Supreme Court: Justice RM Lodha
=> India, China to have new defence MoU, check Doklam-like incidents
=> Asian Games 2018: Boxers to start campaign; India eye gold in Women's Kabaddi
=> Militants killed J&K policemen on Eid as their children watched
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*The Hindu*
=> T.N.’s sudden release of water from Mullaperiyar caused floods, Kerala tells Supreme Court
=> Centre wants Supreme Court to get tough with FB, YouTube
=> After UAE, Pakistan offers help to flood-hit Kerala
=> Trump denies wrongdoing; wows to stay out of probe
=> U.S., China swap tariffs on billions in commodities
=> Congress defends Rahul’s warning against exclusion
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*The Times of India*
=> Amid Kerala flood, drought fear in parts of south
=> Face recognition must for all Aadhaar validations
=> 128 schools rolled back fee hike: Delhi govt
=> Voluntary retirement is not a right, rules SC
=> Arunachal Pradesh bursts onto world tea map
=> Kerala ties up with e-tailer for ‘Back to Home’ kits
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*अमर उजाला*
=> बाढ़ के लिए केरल ने तमिलनाडु को जिम्मेदार ठहराया
=> पाक पीएम इमरान खान ने केरल बाढ़ पीड़ितों की मदद को बढ़ाया हाथ
=> एशियन गेम्स 2018: छह मुक्केबाज बाई मिलने से प्री क्वार्टरफाइनल में, सोनिया क्वार्टरफाइनल में
=> अमेरिका की तरह अब भारत में भी जेनेरिक दवाओं की होगी ट्रैकिंग
=> सीमा विवाद निपटारे के लिए फिर साथ बैठेंगे भारत-चीन
=> अटल की याद में योगी सरकार खोलेगी 44 नए इंटर कॉलेज
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*हिन्दुस्तान*
=> केरल ने कहा- तमिलनाडु के मुल्लापेरियार बांध का पानी छोड़ने से आई बाढ़
=> 1 जनवरी से रेल यात्रियों को मिलेगा पहली सेमी हाईस्पीड ट्रेन का मजा
=> मिशन 2019: भाजपा की चुनावी रणनीति में अहम बना तमिलनाडु राज्य
=> पाकिस्तान के विदेश मंत्री ने कहा-कुलभूषण जाधव के खिलाफ है पुख्ता सबूत
=> महाभियोग पर ट्रंप की चेतावनी, 'बाजार गिर जाएगा, सब कंगाल हो जाएंगे'
=> भारत-पाक के सैनिक पहली बार साथ में कर रहे सैन्य अभ्यास
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*दैनिक जागरण*
=> अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप नई मुसीबत में फंसे, चल सकता है महाभियोग
=> इसी साल पूरा होगा दिल्ली-भोपाल के बीच सेमी-हाईस्पीड ट्रेन का सपना
=> फेक न्यूजः Whatsapp ने दिया सरकार को झटका, कहा- नहीं बता सकते संदेश कहां से आया
=> J&K: अनंतनाग में सुरक्षाबलों ने तीन आतंकियों को घेरा, मुठभेड़ जारी
=> ट्रंप से वादा कर मुकरा किम जोंग उन, रोक दिया है मिसाइल परीक्षण स्थल नष्ट करने का काम
=> दिल्ली-UP समेत 16 राज्यों में तेज बारिश की चेतावनी, उत्तराखंड में अलर्ट जारी
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*प्रभात ख़बर*
=> सुप्रीम कोर्ट ने SC-ST के संपन्न कर्मचारियों के परिजनों को पदोन्नति में आरक्षण पर उठाये सवाल
=> डोनल्ड ट्रंप पर अमरीका के अटॉर्नी जनरल का पलटवार
=> 8GB रैम, 512GB स्टोरेज, 6.4 इंच डिस्प्ले वाला Samsung Galaxy Note 9 भारत में लांच
=> AsianGames2018 एशियाड के 5वें दिन भारत स्वर्ण से महरूम - निशानेबाजी में रजत, तो कबड्डी में कांस्य
=> चौथे टेस्ट के लिए टीम इंग्लैंड की घोषणा, जेम्स विन्से की एंट्री
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24th August 2K18
Economic Times
Ø Moody's puts India growth in 2018, 2019 at 7.5%
Ø Govt imposes standard EC conditions for 25 sectors
Ø Sebi calls for reduction in TER, more competition in MF sector
Ø L&T board approves buyback of shares Rs 9,000 cr
Ø Britannia Industries to split stock in 1:2 ratio
Ø RIL first Indian co with Rs 8 lakh cr m-cap
Ø Ruchi Soya lenders approve Adani Wilmar's Rs 6K cr bid
Business Standard
Ø R-Infra defaults on Rs 1.33-bn NCDs, to pay after Mumbai distribution deal
Ø STT on physically-settled derivatives: HC defers hearing in Anmi-NSE matter
Ø Trade war: US, China slap 25% tariffs on $16 bn of each other's goods
Ø Reliance Power wins $56-mn arbitration award in Indonesia coal mine dispute
Ø Tata Sons to invest Rs 12.5 bn in Tata Capital as equity by March 2018
Business Line
Ø RCom gets Rs 2,000 cr from sale of MCNs, infrastructure assets to RJio
Ø Deadline to export sugar extended by 3 months
Ø Force Motors to buy Pithampur plant of VW group co MAN Trucks
Ø Cognizant has acquired SaaSfocus
Ø New Industrial Policy to focus on jobs, push tech use, cut red tape
Mint
Ø Donald Trump predicts stock market crash if he’s impeached
Ø 51% investors withdraw from equity funds within a year
Ø NDMC relaxes eligibility criteria for Taj Mansingh auction
Ø Chanda Kochhar probe report to be out in two-and-a-half months: ICICI
Ø Nestle India: Noodles good, coffee better in first half of 2018
Financial Express
Ø Former RBI Governor for doing away with dual control of PSBs
Ø Global recycled lead battery market to touch USD 12 billion by 2022
Ø Arun Jaitley resumes charge as Finance Minister after a 3-month hiatus
Financial Chronicle
Ø MF AUM to double to Rs 50L cr in 5 years: Deepak Parekh
Ø AB-NHBM is credit positive for insurers, says Moody’s
Ø SMEs urge govt for tax relief in pre-GST cases
Ø Govt puts curbs on pvt cos for export of beach sand minerals
24.08.18 Economic News
👉Sh. Arun Jaitley resumes charge as Minister of Finance and Corporate Affairs after a break of over 100 days, during which he underwent a surgery for kidney ailment.
👉Bombay High Court directs Additional Solicitor General (ASG) to seek clarity from CBDT by August 28 on Securities Transaction Tax (STT) on Physical Delivery of Equity Derivatives. The Brokers’ Association ANMI moved the court last month against SEBI and NSE for holding brokers responsible for collecting STT on physical delivery of equity derivatives
👉DGFT bans Bio-Fuel Imports for Fuel Purposes including Ethyl Alcohol and other Denatured Spirits, Biodiesel, Petroleum Oils and oils obtained from bituminous minerals other than crude, through an amendment in Import Policy. The import of these items, which was free earlier, will now only be allowed for non-fuel purpose on actual user basis.
👉SFIO To Investigate Amtek Auto & Essar Steel. The mandate for the SFIO is to find out if Amtek and Essar Steel turned large defaulters because of any funds misappropriation by promoters.
👉ICAI’s Direct Tax Committee issues Implementation Guide on changes in Form 3CD w.r.t. Notification No. 33/2018 dated 20.07.2018 effective from 20.08.2018.
👉ICAI informs & clarifies that that the Tax Audits conducted under the Presumptive Tax Scheme under the provisions of Sections 44AD, 44ADA and 44AE of the Income Tax Act, 1961 shall be excluded for the purpose of reckoning the “Specified Number of Tax Audit Assignments”.
👉Govt Extends Sugar Export Deadline by 3 Months till December
👉L&T Board approves Buyback Proposal of 6 Crore Shares, amounting to Rs 9,000 Crore, at a price of Rs 1,500 per share
👉RIL becomes First Indian Firm to hit Rs 8 Lakh Crore Market Cap, TCS not far behind
