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Wednesday, 6 February 2019

06 February 2019 News

6th February 2K19

Economic Times
 
Ø  3.5L cr stressed corp loans yet to be tagged as NPAs
Ø  RBI slaps penalties on Axis, UCO and Syndicate Bank
Ø  'Zee, IL&FS exemplify poor corporate governance'
Ø  India among nations to benefit from US-China trade war
Ø  ED okays restoration of Mallya's properties to banks
Ø  Govt expects Rs 69,000 cr dividend from RBI in FY20
Ø  Fitch puts ratings of Jaguar Land Rover under review citing Brexit

 Business Standard

Ø  Realty, construction, power may spell more trouble to banks: India Ratings
Ø  Centre hopes to mop up Rs 4.4 trillion from cess and surcharges in FY20
Ø  Fraud-hit PNB bounces back into black with Rs 246-crore profit in Q3
Ø  Irdai permits testing of products under regulatory sandbox approach
Ø  Moody's downgrades Bharti Airtel rating to Ba1 over cash-flow situation

Business Line
 
Ø  LIC, JNPT submits bid for buying iconic Air India tower in Mumbai
Ø  India-US commercial dialogue, CEO Forum to be held on Feb 14
Ø  Exports will touch record high of $325 b this fiscal: Wadhawan
Ø  Jubilant seeks royalty for brand use by group cos
Ø  Tata Global Beverages’ profit down by 35% per cent in Q3
Ø  Hit by falling crude prices, HPCL reports 87% fall in net profit to₹247.5 crore
 
Mint

Ø  Banks may see fresh NPAs of up to ₹2 trillion over next one year
Ø  IDFC First Bank posts net loss of ₹1,538 cr in Dec quarter
Ø  Ericsson moves contempt plea against RCom in apex court
Ø  PMO holds meeting to speed up strategic sale of PSUs
Ø  Tata Chemicals Q3 profit declines 71% to₹219.48 crore
Ø  CCI approves PFC's acquisition of 52% stake in REC
Ø  Sebi comes out with rules to review performance of public interest directors

Financial Express
 
Ø  Vijay Mallya prepares for lengthy appeal against UK govt's extradition order
Ø  US-China tariff hike would trigger downturn, trade diversion: UN
Ø  GAIL reports 14.35% sequential decline in Q3 net at Rs 1,681.23 crore
Ø  NTPC inks Rs 2,500 cr loan pact with HDFC Bank
 
Financial Chronicle

Ø Consultations begin on drafting e-comm policy
Ø  Ericsson asked to file objection by Friday
Ø  Governance standards improving in corporate India
Ø  Vedanta Resources rating downgraded to Negative
Ø  No incidents of security breach reported, says SBI chief