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Thursday, September 7, 2017

Morning News Headlines




Economic Times




Ø  Shell co directors to face 10yr jail for siphoning funds

Ø  Eicher Motors closes in on Ducati; to make a binding bid of $1.8bn

Ø  India rejects Russia’s stake sale offer

Ø  Raghuram Rajan questions govt on PSB mergers

Ø  'Jio made records, crosses 130mn customer mark'

Ø  'Resolving NPA issue is top priority for government'

Ø  NDMC to begin auction process for Taj Mansingh



Business Standard



Ø  Wadia urges Sebi to take action against 3 Tata firms' directors

Ø  Sebi raises eyebrows as buybacks exceed equity issuances 2.3 times

Ø  RIL to acquire Kemrock Industries' assets in e-bidding

Ø  Coal crunch stalls steel, power units in Odisha

Ø  Pulses farmers income fell 16% in 2016-17: Crisil study

Ø  Huge foreign inflows sparking rupee appreciation a concern: Sebi

Ø  US Fed's Vice Chair Stanley Fischer announces resignation


Business Line




Ø  Govt to promote exports in ‘shortest possible’ time: Prabhu

Ø  Infosys delays Q2 earnings announcement to Oct 24

Ø  GAIL to hire LNG ship from TOTAL to haul gas from US

Ø  NITI Aayog sets up task force on employment, exports

Ø   Ashok Ley arm, ELCOM ink defence pact with Russian firm

Ø  ITC files Rs. 1,000 cr defamation suit against IiAS


Mint


Ø  Punj Lloyd JV wins contract for NHAI’s Myanmar highway project

Ø  IndiGo may buy stake in Jet Airways if Air India bid fails

Ø  4 PSU banks slash lending rates by up to 45 basis points

Ø  GST: Govt sets up panel to probe profiteering complaints

Ø  Dixon Technologies IPO subscribed 78% on Day 1

Ø  Hurricane Harvey to push RIL’s refining margins


Financial Express




Ø  Deregistration of 2 lakh firms just tip of iceberg; crackdown on shell companies much deeper

Ø  Weak investment demand bigger challenge than GST, noteban, say experts

Ø  Essar Oil announces $250 mn capital expenditure for UK refinery

Ø  EEPC urges government to refund 90% GST refunds to exporters



Financial Chronicle



Ø  Sebi orders forensic audit of 2 firms

Ø  Top 500 listed firms report `13.680 crore dip in net profit under IndAs

Ø  Central bank to keep boosting forex reserves

Ø  Sebi concerned over surging fund inflows, mulls new ways of control











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