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Thursday, August 3, 2017

Morning News Headlines



Economic Times



·         GST slabs of 12% and 18% could be clubbed into one, hints Finance Minister Arun Jaitey

·         India permitted to construct Kishanganga, Ratle projects under Indus Water Treaty: World Bank

·         After LPG, govt to now end subsidy on kerosene

·         Patanjali teams up with FB, Google for online ad push

·         Wants to be No. 1 two-wheeler maker by 2020: Honda

·         RCom-Aircel: NCLT to take call on admitting case today

·         Brookfield, ATC bid for 11,000 towers of Vodafone India

·         GIC in talks to buy 50 per cent in Provenance Land

·         MobiKwik raises Rs 225 crore from Bajaj Finance

·         Amazon, two others get nod for FDI in food retail

·         Insolvency Board to pull up firms acting as IRPs

·         Voltas appoints Noel Tata as chairman from September

·         CAG pulls up MRPL for cost overrun in expansion projects

·         IMG report on telcos' financial woes likely in 20 days: Manoj Sinha



Business Standard



·         The stance is exactly where it should be: RBI

·         RBI could have done more to boost property market, say developers

·         Post RBI rate cut, rupee hits over 2-yr high; foreign lenders sell dollars

·         NCLT admits insolvency petition against Essar Steel

·         Oyo is clocking annualised revenue of $400 mn: Founder and CEO

·         Snapdeal 2.0 to cut company's workforce from 1,200 to 500-600 staffers

·         Emami eyes further acquisition to grow health and personal care segments

·         IOC aims to source a tenth of oil needs from own assets

·         Vistara likely to order over 100 aircraft in expansion bid

·         I-T raids on Karnataka minister Shivakumar rock Parliament



Business Line



·         Hydropower projects incur over ₹45,000-cr cost overrun

·         Karnataka plant is now Honda’s largest for two-wheelers

·         L&T bags ₹3,375-cr order in Mauritius

·         Emami looking to acquire smaller FMCG firms

·         28% GST to hit hospitality industry: EIH

·         Remediation, litigation costs pull down Wockhardt Q1

·         Mastercard working with India for low-cost payment tech

·         HCG launches cancer centre in Kenya

·         UltraTech cement launched in AP

·         Anand Piramal appointed non-executive director

·         Godrej Properties net dips 46%

·         Lupin Q1 net down 59%; but the worst is over, says management

·         Narayana Hrudayalaya Q1 net slips 36%

·         RInfra net down 22%, targets debt reduction of ₹9,000 cr

·         Jet Airways to announce June quarter results in September



Mint



·         Cisco’s John Chambers: I’d give India an ‘A’ for progress in the last 3 years

·         Next RBI rate cut uncertain, liquidity management a bigger challenge

·         India, Japan join hands for big infrastructure push in Northeast

·         All eyes on Gujarat RS polls with Amit Shah, Ahmed Patel in fray

·         Thyssenkrupp is said to consider breakup as plan B to Tata Steel Europe

·         CCEA approves rail connectivity projects in Tamil Nadu and Kerala

·         Baba Ramdev to launch Patanjali branded clothes

·         Govt proposes abolishing clinical trials on proven drugs

·         Tata Sons may shut oil production arm Petrodyne in business revamp

·         Gorkhaland stir costs Darjeeling tea estates Rs250 crore so far

·         Airtel may sell 3% stake in Bharti Infratel

·         Zoomcar launches one-way self-drive car service

·         Amazon India to set up three more ‘fulfilment centres’












More will update soon!!