12th November 2K18
Economic Times
Ø Oil short-sellers are back as OPEC takes centrestage
Ø Tech Mahindra looks at global 5G rollouts as opportunity
Ø RBI seeks time till Nov 26 to respond to CIC notice
Ø NBFCs push credit demand by 14.4% to a 5-year high
Ø Exports: 16 out of 30 sectors in negative zone in Sept
Ø India contracts 8 lakh tonnes of sugar exports so far
Ø Disinvestment dept to fix rules for sale of enemy shares
Business Standard
Ø Usha Martin gets nod from 99.99% shareholders for steel biz sale to Tatas
Ø Cochin Shipyard on course to execute Rs 150 bn worth projects, says CMD
Ø FinMin rejigs CPSE ETF, includes NTPC, 3 other PSUs; eyes Rs 80 bn via FPOs
Ø Steel industry growth hikes India's coal imports by 8% to 134 mt in Apr-Oct
Ø Sebi picks Wipro, L&T Infotech among 7 cos for market vigilance activities
Business Line
Ø India, Russia banks to discuss rouble-rupee trade today
Ø 'SEBI's decisions are for the benefit of the customer'
Ø FinMin: RBI ‘must do more’ for financial sector
Ø Puravankara sales up 23% in first half this fiscal
Ø Bharti Airtel to pre-pay $1.5 billion debt with Netherlands arm
Ø RCEP leaders to call for early conclusion of mega-trade pact
Mint
Ø Volkswagen plans entry-level electric car to challenge Tesla
Ø JPMorgan leads $283 billion Brexit shift to Frankfurt
Ø Saudi Arabia to cut oil supply amid signs of new glut
Ø India’s liquidity crisis set to rock RBI board meeting
Ø Govt weighing sale of 149 ONGC fields to private companies
Ø Alibaba Singles’ Day in China smashes $25 billion sales record
Financial Express
Ø GST a monumental reform, hit growth only for 2 quarters: Finance Minister Arun Jaitley
Ø Arvind Pangariya cautions: Import duty hikes can be counter-productive
Ø India’s coal imports rise 8 percent to 134 MT in the April-October
Ø India witnesses over 4.36 lakh cyberattacks from Russia, US, others in January-June: F-Secure
Financial Chronicle
Ø RCom settles case of alleged failure to inform interest payment default on debentures: Sebi
Ø RBI’s controls clash with govt’s ‘short-term goals’
Ø 357 infrastructure projects show cost overruns of over Rs 3.39 lakh crore
Ø GST compensation to states falls to Rs 11,900 crore in Aug-Sept
12.11.18 Economic News
👉CBDT Mid-Year Review: The Income Tax Deptt may miss the Revenue Collection Target for this fiscal going by the numbers for the First Two Quarters. Out of 18 Income Tax Regions in the country, only 5— Delhi, Uttar Pradesh (E), Uttar Pradesh (W), Odisha and the North-East -have managed to achieve the Revenue Goals in the two quarters.
👉GST Compensation paid to states by the Centre has declined to over Rs 11,900 crore during August-September, after regular and ad-hoc settlement of IGST fund. The bi-monthly GST compensation paid during the June-July period was Rs 14,930 crore, nearly four-fold jump from Rs 3,899 crore paid in April and May.
👉Global payments companies such as Visa, Mastercard and American Express may have to pay around 15% tax on their India Income as they set up servers locally to comply with RBI’s directive on data storage.
👉RBI seeks time till Nov 26 o respond to CIC's show-cause notice sent to its Governor Urijit Patel
👉SEBI shortlists 7 IT Firms to build a Private Data Storage Cloud, automate its inspection of brokers and enhance analytics capabilities, as the regulator is eyeing a technological leap in Surveillance and Investigation Functions.
