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Friday, August 18, 2017

Morning News Headlines



Economic Times


●  Quarterly headline inflation in first half to be between 2-3.5%: RBI

●  Govt mulls FDI norms easing in print media, construction, retail
● Doubling of minimum wages to hit exports, jobs: AEPC

●  NPPA may lose power to fix drug prices in new policy

●  Govt extends GST return filing deadline to Aug 28

● GTC puts land parcel on the block for third time



Business Standard 


●  Economists expect GVA to grow higher at 6.3-6.5% in Q1FY18

●  After shell firms, govt looks to weed out defunct LLP firms

● Mutual funds pip FIIs in net investments

●  Moody's upgrades Asia steel industry outlook to stable from negative

●  Tata Global to introduce ready-to-drink green tea

●  Grant Thornton: PE funding up 48% to $1.22 billion in July


Business Line



●  India hopes to shoot up in World Bank’s ‘ease of doing business’ ranking

● Draft pharma policy dilutes powers of pricing regulator

●   Infra fund to start lending soon, close to finalising investments

●  Srei Infrastructure arm to hit capital markets to raise Rs. 1,800-2,000 crore

●   18 PSBs among top 20 banks with highest gross NPA ratios: CARE


Mint

●  Taking aim at China, India tightens power grid, telecom rules

● SBI planning IPOs of two regional rural banks in the next one year

●  South-west monsoon deficit could worsen farm distress

●  Govt unwilling to let PSU banks skip bond payments, says Fitch

●  Infosys board to consider first-ever share buyback on 19 August



Financial Express



●  Airtel to hold shareholders, creditors meet in September on Telenor merger deal

●  Two-thirds of power utilities bullish on digitisation: Survey

●  India sees over 15% growth in foreign tourist arrivals

●  DLF-GIC deal for 40 pct stake in DLF rental arm enters final lap

●  Crackdown on shell companies: Sebi to take stock next month



Financial Chronicle 



●  Incomplete drought recovery may be the new normal

●  Revenue dept's probes source of data on black money: Jaitley

●  Insurance cos lead primary market offering



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