Friday, 8 February 2019

08 February 2019 News

8th February 2K19

Economic Times
 
Ø  RBI rules out changes in one-day NPA recognition norms
Ø  India jumps 8 places to 36th on International IP Index
Ø  JLR global sales dip 11% in January
Ø  RBI for intense scrutiny on NBFCs, but no AQR likely
Ø  Adani Enterprises Q3 profit slumps 72% to Rs 80 crore
Ø  JLR bleeds Tata Motors with Rs 27K cr loss

Business Standard

Ø  65,000-km highways worth Rs 5.35 trillion to be built by 2022, says Gadkari
Ø  Irdai asks insurance firms to mitigate risks to prevent IL&FS-type fiascoes
Ø  Exit of BoI, BoM, OBC from PCA framework is credit positive: Moody's
Ø  Cotton imports to surge by 80% as output hits 9-year low: Report
Ø  BB&T to buy SunTrust for $28 bn in biggest US bank deal since 2009 crisis

Business Line
 
Ø  Gems, jewellery exports decline 8.5% in Apr-Dec 2018
Ø  Bajaj Electricals Q3 net jumps 73% to ₹ 64 cr
Ø  Coal India to procure mining equipment worth ₹ 7,000 cr
Ø  CAI lowers cotton crop estimate further to 330 lakh bales
 
Mint

Ø  RBI cuts repo rate by 25 basis points, changes policy stance to neutral  
Ø  Fortis denies violating order on sale of controlling stake to IHH Healthcare 
Ø  Govt has the right to demand interim dividend: RBI Governor
Ø  MRF Q3 profit skids 18% to ₹279 crore
Ø  RBI doubles limit, banks to treat ₹2 crore and more as bulk deposits

Financial Express
 
Ø  ICICI Bank-Videocon loan case: RBI says law will take its own course
Ø  RBI permits cos participating in insolvency process to tap ECB route
Ø  Govt to set up unified authority for regulating financial services in IFSCs
Ø  Debt ETF may have G-Secs in portfolio

Financial Chronicle

Ø  Dish TV declares Q3 results, reports operating revenues of Rs. 1,517 crore