2nd November 2K18
Economic Times
Ø Cabinet approves ordinance to amend companies law
Ø India, China to do joint research on WTO reforms
Ø HC to hear Daiichi's case to block Fortis deal on Nov 15
Ø Mobile manufacturing a $230 bn opportunity: Report
Ø Current economic scenario not like 1991 crisis: Jalan
Ø Airlines under CCI scanner for alleged airfare fixing
Ø Telcos for more time to phase out Aadhaar-based e-KYC
Ø Pollution control authority shuts NCR rice mills
Business Standard
Ø SBI withdraws insolvency plea against Uttam Galva Steels
Ø India engaged with US, other stakeholders on Iran oil issue: MEA
Ø Govt's 3% share sale in CIL over-subscribed;to fetch Rs50 bn
Ø Govt delays implementation of retaliatory tariffs on US goods till Dec 17
Ø Power sector to attract Rs 11.56 trillion investments in five years
Ø 50 Indian items hit as US scraps duty-free privilege on 90 products' import
Business Line
Ø GST collection exceeds ₹1-lakh crore in Oct
Ø Rabi crops may face weather risk
Ø Maruti posts marginal increase in Oct sales at 1,46,766 units
Ø HCC posts ₹1,525-cr loss for Q2 due to write offs
Ø Tata Power seeks to triple discom business
Ø Vedanta imports more alumina than scrap shipped in by recyclers
Ø HPCL net slips 37% on lower refining margin
Mint
Ø NBFCs seek new funding routes to tide over liquidity crunch
Ø DLF Q2 profit rises thirty-fold to ₹373.21 crore
Ø Refund money raised via debentures with 15% interest, Sebi tells Sahara
Ø Tata Steel claims Bhushan Power lenders and JSW violated NCLAT orders
Ø HDFC Q2 net profit rises 25% to Rs 2,467 crore
Ø Hero MotoCorp sales rise 16% to 7,34,668 units in October
Financial Express
Ø India biggest commitment for AIIB, says official
Ø GN Bajpai resigns from IL&FS board
Ø India may impose anti-dumping duty on a chinese chemical
Ø China having hard time, says US President Donald Trump over trade war
Ø ArcelorMittal Q3 net income declines 25 percent to USD 0.9 billion
Financial Chronicle
Ø Manufacturing sector activity rises in Oct on robust order flow: PMI
Ø RBI buys 13.7 tonnes of gold in Sept quarter
Ø HDFC Bank is India Inc’s top wealth creator
Ø Banks take 54% haircut in 52 cases resolved
Ø Volvo clocks record 40% sales growth in Jan-Oct 2018
02.11.18 Economic News
👉GST collections crosses Rs 1 Lakh Crore in October, for a second time in 2018-19, after a gap of 5 months, on the back of Festive Demand & Anti-Evasion Measures
👉Cabinet approves promulgating Ordinance to amend Companies Act. In August, a Govt-appointed panel suggested changes to the Companies Act, including restructuring of corporate offences and an in-house adjudication mechanism to ensure courts get more time to deal with serious violations
👉SEBI to introduce Unified Payments Interface (UPI) as an Alternative Payment Option for retail investors, buying shares in a public issue, in a phased manner from 1 January next year, which will cut listing time for an IPO to 3 days from 6 at present.
👉SBI asks NCLT to withdraw Insolvency Proceedings against Uttam Galva Steels. The move comes after ArcelorMittal's decision to pay off the dues of Uttam Galva, a condition for the largest steelmaker in the world to become eligible to bid for Essar Steel.
👉US withdraws Duty Benefits on Indian Exports worth $75 Million, on import of at least 50 Indian products, mostly from handloom and agriculture sectors, reflecting the Trump Administration's tough stand on trade-related issues with India
