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Friday, 8 March 2019

8 March News 2019

8th March 2K19

Economic Times

Ø  Power Min rules out mega consolidation of power PSUs
Ø  RIL leased 4,000 acre land from Navi Mumbai SEZ for economic hub
Ø  RBI notifies 2% interest subsidy for crop loans
Ø  Eight sectors to add over 10 crore jobs by 2025: CII
Ø  RBI eases business guidelines for white label ATMs
Ø  Jaguar Land Rover global sales decline 4.1 pc in Feb

Business Standard

Ø  Wipro shedding low-margin and non-core units to match its peers
Ø  Lupin gets USFDA's nod to market its drug for cholesterol lowering
Ø  Cabinet okays 5-year plan for 'phased manufacturing' of EV batteries
Ø  Reliance Capital to cut its outstanding debt by Rs 12,000 cr in four months
Ø  Cabinet clears Rs 26,000 cr investments for 2 thermal, 1 hydro power plants

Business Line

Ø  Contracts signed for 23 blocks under Discovered Fields - II
Ø  India cotton exports to fall 27 per cent
Ø  Cabinet clears Rs 3,355 crore interest subsidy for sugar sector
Ø  Marksans Pharma gets 8 observations from USFDA for its Goa facility
Ø  India is next growth engine of world: Suresh Prabhu
Ø  JSL gets Govt nod for private industrial estate

Mint

Ø  FinMin notifies 1 April as date for availing increased GST exemption limit
Ø  L&T Finance closes NCS issue on second day, raises ₹2,228 crore
Ø  China buys Indian cotton as prices at home jump
Ø  Government tells Jet Airways not to cause hardship to travelers
Ø  India's goods export to hit $330 bn in 2018-19: Suresh Prabhu

Financial Express

Ø  RBI penalty: Swift blames short-comings in automated payment processes at banks
Ø  ONGC wins back Chinnewala Tibba gas field; contracts signed for 23 oil & gas fields under DSF-II
Ø  Cabinet approves NHPC’s acquisition of Lanco’s Teesta hydro-electric project
Ø  Jan Dhan Accounts: Total deposits set to cross Rs 1 lakh cr
Ø  Disinvestment on fast track: PSU stake sale pricing, timing to be decided quickly with new mechanism

Financial Chronicle

Ø  Income tax exemption limit on gratuity doubled to Rs 20 lakh, says labour ministry
Ø  NPCI issues 64 million RuPay cards, aims to grow international acceptance
Ø  NGT imposes Rs 500 crore fine on Volkswagen for using emission cheating devices
Ø  India wants to keep Iran oil purchases at 300,000 bpd in extended waiver: sources