Thursday, 24 January 2019

24 January 2019 News

24th January 2K19

Economic Times

Ø  TCS 3rd most-valued IT services brand globally: Report
Ø  Govt to spend 6.5% more on food subsidies in FY 20
Ø  Govt may relax sourcing norms for single-brand retailers
Ø  SBI's plan to sale Essar Steel loans face uncertainty
Ø  Foreign firms can now open offices without RBI nod
Ø  Voda Idea board clears Rs 25,000 cr rights issue
Ø  Sebi provides clarity on norms for depository participants

Business Standard

Ø  ITC posts net profit of Rs 3210 cr, the highest in last 17 qtr
Ø  Sebi directs commodity exchanges to align trading and delivery lot sizes
Ø  Secondary steel producers to play big role for 300 mn tonne industry
Ø  India needs $80-bn investments in next 5 years for grid transmission infra
Ø  Investment through P-notes rises to Rs 79,513 cr till December-end
Ø  Adani, IOC top investors on Day-1 of Tamil Nadu Global Investors Meet

Business Line

Ø  Provide ease of doing business for small traders: CAIT
Ø  Cabinet clears $400-m standby swap facility for SAARC nations
Ø  NMPT targets 44 mt of cargo handling in 2018-19
Ø  HAL to outsource ALH to domestic private sector company
Ø  TN targets defence, aerospace investments of $10 billion

Mint

Ø  Piyush Goyal given interim charge of finance till Arun Jaitley resumes
Ø  United Spirits Q3 profit up 43% on demand for premium brand
Ø  Sebi orders release of Alchemist Infra's demat account
Ø  India cuts coffee output estimate by 16% as heavy rains trim yield
Ø  Moody's upgrades IDBI Bank rating on improved solvency

Financial Express

Ø  RCom posts loss of Rs 341 crore in December 2018 quarter
Ø  India, China affecting world economy much more today: Angela Merkel
Ø  India’s industrial activity likely to remain subdued in near term: Report
Ø  India’s GDP growth may improve to 7.3% in FY20, says Crisil

Financial Chronicle

Ø  Bank of Maharashtra Q3 net loss widens 7-fold to Rs 3,764 crore
Ø  Retail sector investments double to Rs 1,300 crore in 2018
Ø   Brokerages hopeful of govt meeting FY19 disinvestment target
Ø  SBI chief to seek open offer exemption for Etihad