Morning News Headlines
Economic Times
● Big relief for RCom as TechM withdraws insolvency case
● MRP should include GST, suggests Sushil Modi
● Tough times ahead for telco employees; 30K face axe
● Torrent may announce Unichem’s domestic biz buy today
● NCLT admits Sandeep Axles for insolvency
Business Standard
● Sun Pharma, Dr Reddy's, Glenmark gain even after price-fixing charges in US
● Vedanta Q2 PAT lower-than-expected at Rs 2,036 cr, up 43% y-o-y
● Divi's Labs surges 21% as USFDA to lift import alert for Visakhapatnam unit
● Good news! SBI cuts lending rates on home and vehicle loans by 5 bps
● Top traders' body seeks CBI probe against Infosys over GSTN glitches
Mint
● Suzuki frets about India’s electric shift despite Maruti sales surge
● Indian IT jobs decline in first half of FY18
● Airtel earmarks Rs25,000 crore capex in FY18 for 4G network expansion
● Ruchi Soya agrees to sell 51% stake to Devonshire Capital
● LIC puts $1 billion bid for shares in New India Assurance IPO
Reuters
● India's Mahindra Logistics $129 million IPO oversubscribed nearly 8 times
● India could raise import duty on vegetable oil: government sources
● ONGC seeking oil assets in other regions amid Iran gas row
● Adani in talks with Chinese engineering firm for Carmichael financing: sources
● Oil steady on OPEC-led supply cuts, tight U.S. market
Sources : Economic Times, Business Standard, Mint & Reuters.
