Wednesday, 5 December 2018

05 December 2018 News

5th December 2K18

Economic Times

Ø  Nothing strange about back series GDP data: NITI VC
Ø  India GDP to recover in Q4; Q3 to remain slow: Niti
Ø  Before Brexit debate, UK's May suffers damaging blow
Ø  DoT may appoint audit firms for telcos by month-end
Ø  Sebi directs HDFC MF to pay Rs 3.79 crore to settle violations
Ø  Govt notifies dual fuel usage for agri, tractors
Ø  HCL extends pact with Barclays; to take over 460 staff

Business Standard

Ø  Sebi panel bats for direct listing of Indian firms on foreign exchanges
Ø  Kesoram, the flagship of B K Birla Group, to hive off tyre division
Ø  S&P lowers Tata Motors rating over JLR's weaker-than-expected profitability
Ø  I-T dept examining taxation issues in the $16 bn Walmart-Flipkart deal
Ø  Lighthouse India invests over Rs 2.5 bn for minority stake in Aqualite

Business Line

Ø  MUDRA loans: Big States get a major share; smaller ones left high and dry
Ø  Incremental credit to MSEs up 5 times to Rs 1.23 lakh cr post GST:
Ø  India, UAE sign currency swap deal
Ø  Importers like India may gain from tension in OPEC
Ø  Allocation for rural job scheme may go up to ₹60,000 cr: Jaitley
Ø  Insider trading charges come back to haunt Sun Pharma

Mint

Ø  Blackstone may buy Adani’s BKC property for ₹1,900 crore
Ø  Single solution for IL&FS crisis, debt not possible, NCLT told
Ø  Sebi panel votes for overseas listing of Indian companies
Ø  Indian Oil Corp issues 5-year tanker tender to import Iraqi oil, document reveals
Ø  USFDA closes inspection of Alkem’s St Louis manufacturing facility
Ø  WTO agrees to hear complaints from India, Switzerland over US tariffs

Financial Express

Ø  India to allow business visa extension for up to 15 years
Ø  Engineering exports likely to touch USD 80 billion this fiscal: EEPC
Ø  Number of patents granted by India shot up by 50% in 2017, reports UN
Ø  Domestic flat steel prices likely to face temporary pressures from cheap imports: Icra

Financial Chronicle

Ø  Govt gives up mgmt control in IDBI Bank to LIC, stays away from open offer
Ø  Indo-Saudi bilateral trade may rise 10% in FY19: Riyadh
Ø  FinMin rules out dividend exemptions to meet payout target
Ø  Special audit of pvt telcos to start in Jan after 6 years