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Wednesday, September 13, 2017

Morning News Headlines





Economic Times



● Modi govt okays bill to double tax-free gratuity limit to Rs 20 lakh

● Govt hikes DA to 5% for 1.1 cr employees, pensioners

● Infosys chooses North Carolina for second US hub

● Rs 3K cr oil, gas reserves project gets govt nod

● 1 lakh directors of shell companies to be disqualified

● ITC mulls new brand for vegetables



Business Standard




● Tax dept asks Docomo to pay Rs 2,500 cr on Tata Tele award

● HDFC Mutual Fund to join IPO bandwagon

● IndiGo's huge cash reserve to be used on capacity building

● OPEC sees higher 2018 oil demand, trims output

● Cabinet approves plan to develop dairy sector; 250,000 jobs to be generated



Mint



● Force Motors ties up with Rolls-Royce Power Systems to form Indian JV

● ICICI Lombard IPO offers slice of nascent market at hefty premium

● Cabinet okays hiving off BSNL mobile towers into separate company

● Inflation rises to 3.36% in August, IIP growth mild at 1.2% in July

● Raghuram Rajan says PSU bank mergers should come after balance sheet clean-up



Reuters



● Japan PM to launch $17-bln bullet train project in Gujarat

● SBI Life to launch India's first billion dollar IPO in seven years

● India's fuel demand falls the most in over 14 years

● Jet Airways first-quarter profit more than doubles

● India to acquire seismic data of 48,000 line kms to boost oil, gas output










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