31st August 2K18
Economic Times
Ø Tata Capital to raise Rs 7500 crore through public issue of NCDs
Ø Warren Buffett says Berkshire buying own stock
Ø Argentina now has highest interest rate in the world
Ø Public co-op model need of the hour: RBI director
Ø Irdai makes long-term 3rd-party insurance must
Ø Indian Railways turns to natural gas to cut cost
Ø Jet Airways confirms probe by Registrar of Companies
Business Standard
Ø ICICI Bank votes for Kochhar's reappointment to ICICI Securities board
Ø NCLT approves Idea-Vodafone unit merger; deal gets all regulatory approvals
Ø Value of banknotes in circulation increases by 37.7% to Rs 18 bn in FY18
Ø Decades of policy, regulation mismatch to haunt insolvency in power sector
Ø Enterprise security costs to touch $1.7 bn as firms face skill shortage
Business Line
Ø Adani plans ‘time of day’ power pricing in Mumbai
Ø Demonetisation led to more tax collection, higher growth: Jaitley
Ø India set to become world’s 5th largest economy next year
Ø NCLT orders insolvency proceedings against Ind-Bharat Energy; appoints IRP
Ø MCX Clearing Corp to take off on Monday
Mint
Ø RBI concerned about non-adherence to IRAC
Ø Rupee hits fresh record low of 70.86 against US dollar
Ø DoT seeks ₹ 1,626 cr for clearing Airtel-Tikona merger
Ø India’s textile sales likely to rebound on retail growth in US
Ø Bankruptcy court admits insolvency plea against Lavasa Corp
Financial Express
Ø Electricity demand grows 7.4 per cent in July, thermal PLF lower: ICRA
Ø Yes Bank gets RBI’s nod for continuance of Rana Kapoor as MD & CEO
Ø Economy to grow by 7.6pc in Q1 on favourable base effect: Report
Ø Current account deficit expected to be largely financed by FDI flows
Financial Chronicle
Ø Sebi to slap investment limit on retail investors
Ø Mahindra Logistics acquires stake in startup to help digitisation
Ø ICRA upgrades ABFL, ABHFL to AAA
Ø DHFL to raise Rs 2,000 cr from NCDs
Ø Sundaram MF launches service sector focused NFO
Ø India pitches for rating upgrade with S&P 🙏
31.08.18 Economic News
👉Government of India and the Asian Development Bank (ADB) Signs a $375 Million Loan Agreement to contribute to Double Farming Incomes in Madhya Pradesh by Expanding Irrigation Networks and System Efficiency.
👉PNB, US Trustee seek probe into Mehul Choksi's US firm Samuels Jewelers, that has filed for bankruptcy.
👉In order to give effect to decisions taken in 28th GST Council meeting Govt has taken one more step i.e. Notification of GST Amendment Acts 2018. The Acts have been notified by Govt on 30th April 2018 and will be effective from this date.
👉CBDT Extends Date for inviting comments and suggestions of stakeholders, for Framing rules for determining Significant Economic Presence as per Section 9(1)(i) of the Income Tax Act,1961, from 10th August,2018 to 30th September, 2018.
👉NCLT Approves Idea-Vodafone Merger, clearing the last hurdle to the creation of India’s Largest Mobile Phone Company with the Most Subscribers and Revenue Share
👉NCLAT Reserves Judgment on Binani Cement Insolvency Matter, which owes more than Rs 6,500 Crore to Lenders. NCLAT asks all parties, including Rajputana Properties and UltraTech Cement , to submit additional written responses, if any, by 4 September
👉Banks will largely remain open in the first week of September and there will be no impact on the functioning of ATMs, contrary to social media buzz that claimed banks across India will be closed for six days during the week.
👉Department of Financial Services requests RBI to finalise Banks' Interchange Fee for Aadhaar Enabled Payment System (AePS).
👉RBI expresses concerns over Banks not adhering to the RBI’s Income Recognition and Asset Classification Norms (IRAC) and Reporting Divergences in bad loan numbers.
👉The Registrar of Companies(RoC) under the Ministry of Corporate Affairs(MCA) has Shut Down 35,741 Shell Companies in Telangana and Andhra Pradesh as on August 2018.
