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Wednesday, 20 February 2019

20 February 2019 News

20th February 2K19

Economic Times
 
Ø  Govt may launch exchange traded fund of PSU bank stocks next fiscal
Ø  I-T for charging GST on logo use by subsidiaries
Ø  RBI rap: Yes Bank denies any wrong-doing in making report public
Ø  Govt's national electronics policy eyes 1 cr jobs
Ø  ArcelorMittal buys back shares worth $89 million
Ø  Walmart Q4 profits jump 69.5% to $3.7 bn, top estimates

Business Standard

Ø  Irdai asks all non-life insurers for a uniform standard health product
Ø  WTO pegs global trade at 9-yr low; India exports may face repercussions
Ø  Govt raises investment limit for angel tax concession to startups
Ø  SIP closure ratio at 18-month high, Dec applications slip to 750,000
Ø  Honda to close only UK factory, blames global trends -- not Brexit

Business Line
 
Ø  Rel Power promoters eye₹2,500 cr from sale of 18% stake
Ø  Vedanta says no revised bid for Essar Steel
Ø  I-T dept raids Divi’s Lab premises
Ø  Wheat output may cross 100 mt: ICAR official
Ø  SEA in pact with Argentinian body to boost vegoil trade
Ø  ABB bags ₹ 270 cr order from Railways
 
Mint

Ø  Govt reverts back to old system of awarding oil and gas blocks
Ø  Cabinet clears promulgating fresh ordinance for companies law amendments
Ø  SC to pronounce order on Ericsson's contempt plea against RCom chief Anil Ambani
Ø  Jaypee Infra's promoter makes second attempt to settle dues
  
Financial Express
 
Ø  Bad loans: 19 PSBs write off nearly Rs 41,000 crore in Q3
Ø  Insolvency process: Gaur offers to clear Jaypee Infra dues of Rs 8,358 crore
Ø  Vedanta to file fresh writ in High Court Sterlite Copper row
Ø  French aerospace firm Safran to have engine plant in Hyderabad
 
Financial Chronicle

Ø  JSW Cement to invest Rs 2,000cr to take capacity to 20mt by'20
Ø  Sensex falls for 9th straight session, ends 146 points lower
Ø  India's fuel demand rose 6.4 per cent year-on-year in January
Ø  Brent oil eases from 2019 highs as markets await trade talks outcome