Wednesday, 9 January 2019

09 January 2019 News

9th January 2K19

Economic Times

Ø  RBI issues guidelines for card transactions
Ø  Infosys to consider share buyback, special dividend
Ø  Rs 6K cr assets detected under black money law
Ø  No proposal to give more powers to RBI: Govt
Ø  Vedanta to approach TN govt to restart Sterlite plant
Ø  Jalan panel report on RBI reserve likely in April
Ø  CAG favours policy framework for off-budget financing

Business Standard

Ø  Direct tax collection shortfall worry likely to add fiscal deficit woes
Ø  GST, excise, service tax evasion shoots up to Rs 48,555 cr in Apr-Dec
Ø  SC overturns Delhi HC ruling, grants Bt Cotton patent to Monsanto
Ø  NTPC to invest Rs 10,300 cr in greenfield thermal and solar plants in UP
Ø  Booster dose for pharma as Govt okays refund on foreign plant inspection

Business Line

Ø  Allcargo makes space for Flipkart, Decathlon
Ø  Loans, deposits by Indians in Swiss banks down 34.5% in 2017
Ø  Prabhat Dairy plans to enter animal nutrition business
Ø  Pfizer to exit two more plants in India
Ø  Bengal Chemicals eyes larger presence in e-comm trade
Ø  Tata Steel sales down 10 per cent

Mint

Ø  RBI sets up panel under Nandan Nilekani to boost digital payments
Ø  Cabinet gives land to GAIL to set up CNG station in Patna
Ø  Myntra revenue shrunk by 80% to ₹427 crore in FY18
Ø  Mobile wallet transactions decline in November: RBI
Ø  Banks ask Jet Airways to explain its liquidity situation
Ø  Mumbai PPA brings earnings visibility for Tata Power

Financial Express

Ø  RBI cancels registration of 45 NBFCs; West Bengal tops list
Ø  IBM receives 9,100 patents in 2018; India second highest contributor
Ø  Trade talks with China going ‘very well’, says US president Donald Trump
Ø  Gita Gopinath joins IMF as its first female chief economist
Ø  Skies darkening over the global economy, says World Bank

Financial Chronicle

Ø  NMDC to buy back Rs 1k cr shares
Ø  Post-death transfer of demat shares now requires physical documents
Ø  Iran hopes India will seek another waiver from US sanctions
Ø  Iran bank to become channel for rupee/rial dealings
Ø  Shoppers Stop evaluates FDI, e-comm strategy
Ø  Kharif crops sell below MSP; rabi sowing falls