Friday, 1 February 2019

1 February 2019 News

1st February 2K19

Economic Times
 
Ø  GST collections cross Rs 1 lakh cr in January 
Ø  Oil India gets Sebi exemption from buyback norms
Ø  NCLT allows govt to add 19 new names in PNB scam
Ø  Airtel loses 5.7 cr mobile customers in Dec 2018
Ø  Ola losses narrow to Rs 2,842 crore for FY18
Ø  Stake sale in SE Asia business will improve Tata Steel's leverage profile: Fitch

Business Standard
 
Ø  India's core sector growth falls to 18-month low of 2.6% in December
Ø  Govt refuses to extend February 1 deadline for new e-commerce FDI rules
Ø  Unemployment rate at four-decade high of 6.1% in 2017-18: NSSO survey
Ø  RBI removes BoI, BoM, OBC from Prompt Corrective Action framework
Ø  IRDAI asks insurers to provide for IL&FS exposure, wants mis-selling curbed

Business Line
 
Ø  Domestic mining firms to gain as internationaliron ore prices surge
Ø  CPI inflation for industrial workers rises to 5.24% in December
Ø  Higher cost, lower realisation pull Vedanta’s net down 21%
Ø  NMDC net up 78% at ₹1,577 cr
Ø  Lower logistics cost to help boost exports by 5-8%: FIEO
Ø  Escorts chalks out ₹400-cr capex for expansion, JVs
 
Mint

Ø  GDP growth rate for 2017-18 revised upwards to 7.2%
Ø  China appeals to US to accept its technology progress
Ø  Hero MotoCorp quarterly profit slips on higher expenses
Ø  Bharti Airtel Q3 net profit falls 71.8% to₹86.2 crore
Ø  Bank of India, Bank of Maharashtra out of RBI's corrective action list
Ø  Govt approves 4 lakh houses under PMAY(U)

Financial Express
 
Ø  Sebi-Sahara case: Supreme Court summons Subrata Roy on February 28
Ø  Govt floats tender to tie up 2.5 GW PPAs with stranded plants
Ø  Power Grid Corp Q3 profit rises 14.2% to Rs 2,368 crore
Ø  Dabur India Q3 profit increases 10% to Rs 367 crore driven by higher net sales
Ø  Dena Bank Q3 loss narrows as provisions decreases
 
Financial Chronicle

Ø  Central bank gold buying at highest level since 1970s
Ø  Thermax opens new factory to make chillers, heat pumps
Ø  Limited awareness among SMEs restricts growth of online lending platforms
Ø  H-1B rule change keeps qualification in, talent out
Ø  Chalet Hotels IPO gets almost nil response from retail investors