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Tuesday, 13 November 2018

13 November 2018 News

13th November 2K18

Economic Times

Ø  Delays at NCLT cost banks Rs 4,000 cr: ICRA

Ø  Uco Bank seeks Rs 7000 crore capital from the Govt.

Ø  IL&FS new board to rebid broking arm ISSL
Ø  Competition Commission orders probe against Intel

Ø  Vedanta plans to inject Rs 15,000 cr in Odisha

Ø  IIP data improves in Sep, inflation eases in October

Ø  Kellogg eyeing mega alliance with Haldiram's

*Business Standard*

Ø  Oil prices gain over 1% after Saudi Arabia talks of cut in output

Ø  India paid far more in cotton subsidies than WTO's prescribed 10%, says US

Ø  Unions urge Coal India employees to ignore govt's share sale offer

Ø  India's sugar exports hit by falling prices, govt offers transport subsidy

Ø  Britannia Q2 net profit up 16% on brand investments, widening distribution

*Business Line*

Ø  NITI Aayog seeks more time tofinalise back-series GDP data

Ø  JNPT to call bids for SEZ on 296 acres

Ø  Jet Airways reports consolidated net loss of Rs 1,261 Cr.

Ø  India to lease out half of Padur strategic oil storage to ADNOC

Ø  ONGC ordered to pay wharfage compensation to Mumbai Port Trust

Ø  USFDA completes Biocon’s Bengaluru plant inspection

*Mint*

Ø  Govt refuses to yield on Section 7 of RBI Act

Ø  India signs initial pact to lease half of Padur storage to ADNOC

Ø  Germany’s SAP to buy Qualtrics for $8 billion in cash

Ø  Q2 results: Aurobindo Pharma profit falls nearly 22% to Rs. 611 crore

Ø  Diageo sells Seagram’s VO to Sazerac in $550 million deal

Ø  Netflix to test lower-price plans as it seeks more Asian users

*Financial Express*

Ø  19 GW of stressed power assets eligible for SHAKTI-II: CRISIL

Ø  Bank of India posts Q2 net loss of Rs 1,156 crore on jump in provisions

Ø  Abu Dhabi oil co hires India’s strategic oil storage

Ø  Whatsapp, Skype, Hike soon to come under regulatory regime; TRAI seeks industry views

Ø  Oil India Q2 profit rises over 33 pc, but misses estimates

*Financial Chronicle*

Ø  NCLT counsels liquidation of Adhunik as Liberty House defaults on payment date

Ø  Jaitley links minimising bad loans with credit flow

Ø  PE/VC exits till Oct cross yearly highs

Ø  Ruthless competition could cripple telecom, aviation