Morning News Headlines
Economic Times
● Rough weather for telecom sector continues with 90,000 jobs on the line
● Gold imports surge 72% in Dec on high demand
● Finmin likely to tweak MAT norms to boost industry
● Trade deficit touches 3 year high in December
● Diesel prices at record Rs 61.74/L, petrol crosses Rs 71
Mint
● Isuzu launches updated D-Max V-Cross at Rs 14.31 lakh
● Govt plans ring roads worth Rs 36,290 cr in 28 cities
● Infosys surprises its staff with 95% variable pay
● AAUM of mutual fund industry reaches Rs 22.61 lakh crore in December
● Railways plans roadmap for three-fold increase in production
Business Standard
● IDFC Bank-Capital First may have to raise Rs 4,000 crore to meet norms
● Tata-backed Resurgent bids for power assets of Jaypee
● Cairn India to invest Rs 37,000 crore to ramp up production
● Essar Group eyes Rs 600-crore turnover from CBM in FY19
● Lupin forays into OTC segment;eyes Rs 300 crore turnover in 5 years
The Hindu Business Line
● TCS bags M&S deal to help drive it become a digital-first business
● We are ‘very optimistic’ about large deals pipeline: Rajesh Gopinathan, CEO, TCS
● HDFC crosses Rs3 trillion market cap for first time
● WPI inflation decelerates to 3.58% in December
● Idea Cellular, Vodafone may start operating as one entity from April
Sources: Economic Times, Mint, Business Standard & The Hindu Business Line.
