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Wednesday, August 16, 2017

Morning News Headlines



Economic Times




Ø  China's debt is on a dangerous trajectory, warns IMF

Ø  Swiss party opposes black money pact with India

Ø  UK to seek 'temporary customs union' after Brexit

Ø  JioPhone to hit sector, erode revenues: Voda to DoT

Ø  Government slaps $264 million penalty on RIL, BP

Ø  Wilful defaulters owe Rs 92K cr to PSU banks


Business Standard


Ø  Corporate earnings hit fresh roadblocks in Q1

Ø  Debt assets swell 32% to Rs 11 lakh cr amid easing of rates

Ø  Google to pay Apple $3 bn to remain default search engine on iOS devices

Ø  State-run EESL to procure 10K electric cars for various ministries

Ø  PAN deactivation jolt for tax evaders in stock market

Ø  TVS Motor acquires 24% stake in online marketplace RentOnGo


Business Line



Ø  Gold imports jump over 2-fold to $12.35 bn in Apr-July

Ø  Tata Global Beverages to launch Himalayan mineral water in US

Ø  ONGC eyes doubling gas production in 5-6 years

Ø  Paper sector capacity expansion hit by pulp wood shortage 

Ø  Insolvency resolution proceedings delay Lanco Infratech Q1 results

Ø  18 lakh people, Rs. 1.75 lakh cr deposits under scrutiny: PM


Mint 

Ø  IDBI Bank still a prisoner of bad loans as malaise deepens

Ø  Nearly 200 inactive LLPs face deregistration

Ø  NCLT admits Reliance Communications’s petition for Aircel merger

Ø  Sebi in talks with other regulators to streamline pricing of corporate bonds

Ø  Carmakers say policy U-turns putting India plans out of gear

Ø  India’s real GDP growth to average at 7.4% over 2017, 2018: Deutsche Bank


Financial Express



Ø  Investments key to ensure growth in the country: Subba Rao

Ø  Sick PSUs closure have gone very well: Arvind Panagariya

Ø  Trade deficit in India falls to $11.5 bn as exports rise 3.9 pct

Ø  Life insurers’ new biz premium up 47% to Rs 20,428-cr in July


Financial Chronicle 


Ø  Fuel demand up 1% in July to 15.8 mt

Ø  RIL, BP to submit revised plan for KG-D6 gas finds

Ø  Sebi steps up surveillance on money laundering activities



Source: Economic Times, Business Standard, Business Line, Mint, Financial Express & Financial Chronicle











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