Thursday, 13 June 2019

13 June 2019 News

13th June 2K19

Economic Times
 
Ø  April IIP rises to 6-month high at 3.4%
Ø  Retail inflation spikes to 7-month high of 3.05% in May
Ø Subramanian's growth estimates omit productivity: CII
Ø  ATC opposes consolidation of books of Videocon group
Ø  Tata Motors global sales dip 23% in May
Ø  M&As plunge 54 percent in May to $2.8 billion
Ø  DoT may debar BSNL from LWE-II connectivity program
Ø  FDI flows to India grew 6% in 2018: UN report

Business Standard
 
Ø  Jalan panel defers report on RBI surplus funds after lack of consensus
Ø  Rs 2-trillion bank frauds in 11 years: ICICI Bank, SBI report maximum cases
Ø  Sebi moves SC against NCLT order on IBC overriding regulators' laws
Ø  Japan to invest Rs 13,000 cr in northeast in infrastructure projects
Ø  UP govt launches fight against shell firms, 317 companies face action
Ø  Indiabulls approaches SC, seeks early hearing in petition against it

Business Line
 
Ø  PWC resigns as statutory auditor of Reliance Capital, Reliance Home Finance
Ø  Madras HC allows more parties to join Sterlite case
Ø  Sintex Industries defaults on ₹89-crore payment
Ø  Tata Power Solarrolls out residential rooftop campaign
Ø  Alembic Pharma to raise up to Rs 300 cr via NCDs
 
Mint

Ø  Due to Jio, India is home to world's 2nd largest internet user base: Report
Ø  Sugar production in India seen sinking to 3-year low on dry weather
Ø  PFC raises $1 billion through international bonds
Ø  KKR to buy publisher Axel Springer for $7.7 billion
Ø  Ford recalls 1.2 million Explorer SUVs for suspension issue

Financial Express
 
Ø  Food service industry to touch Rs 5.99 lakh cr mark by FY23
Ø  Walmart earmarks $1.2 billion to fund Flipkart’s operations
Ø  Govt to take steps to contain imports of defective or sub-standard steel
Ø  China inflation hits highest level in 15 months
 
Deccan Chronicle

Ø  UK High Court notes broad consistency in India's evidence against Nirav Modi
Ø  Rupee firms up by 10 paise to 69.34 against US dollar
Ø  IDBI Bank cuts MCLR by 5-10 bps across various tenors
Ø  Ex-CEO of IL&FS arm helped Fitch official buy villa, says probe report