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Tuesday, August 29, 2017

Morning News Headlines




Economic Times


●  World's 1st diamond futures bourse opens in India

●  Promoters may take part in Infosys share buyback 

●  Greenko eyes R-Infra's Mumbai power biz for $2 bn

●  Govt sanctions over 2.17 lakh houses for urban poor

●  EPFO diverting money to riskier bonds to earn more

●  Trai seeks views on sale of 5G services spectrum

●  The cost of clean water is $150 bn a year: World Bank



 Business Standard



●  Tata Teleservices plans to invest Rs 4,000 cr in listed arm

●  Centre to divest up to 10% stake in NTPC for Rs 13,800 cr

●  IDBI Bank looks to exit early from NSE

●  GST to have positive impact on states' finances: Ind-Ra

●  Lenders of Jaypee Power seek bids for 30% stake dilution to recover debts

●  Reliance Capital shareholders to get 1:1 stock of home finance arm



Business Line


●  L&T Construction bags orders worth Rs. 1,975 cr

●  NSE now eyes mega Rs.10,000-cr IPO by Feb-Mar next year

●  ACC, BoB & Tata Power to move out of Nifty 50 wef Sept 29 

●  Despite sharp cuts by PSU banks, foreign banks command lowest MCLR

●  Dr Reddy’s faces class action suit in US court

●  Iron ore stockpiles swell on imposition of export duty



 Mint


●  RBI may consider linking bank loans to repo rate

●  NSE adds Bajaj Finance, HPCL, UPL Ltd to Nifty 50, removes 4 stocks

●  Insolvency case: IRP verifies claims of over Rs44,498 crore against Bhushan Steel

●  SSG Capital Management in talks to buy stake in Emco Ltd

●  L&T Finance among India’s five most valuable NBFC firms

●  Gilead to buy Kite Pharma for promising cancer therapies in $12 billion deal



Financial Express


●  Over 36 lakh businesses file GST returns so far

●  Fringe benefits availed by employees liable to GST

●  DLF looking at Mumbai, Bengaluru to build commercial assets

●  Appetite for telecom spectrum only by early 2019, says COAI



 Financial Chronicle


● Brexit talks face 'very big gap' as new round begins

●  Sensex makes 155-pt gain on easing Indo-China tension

●  Startups can raise 100% funds from foreign investors

●  Essar Steel lenders want to bring in new investors; Tata, JSW keen                        







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