Month: February 2018

ED steps up heat on Nirav Modi, jewellery worth Rs 5,100 cr seized

PNB fraud: Banks refuse to buy Nirav Modi’s promises

Digital payments in India to reach $1 trn by 2023: Report

Banks’ Association moves to check fall out of PNB scam

PW can carry out audit work till March 2019: SAT

MF investors to get LTCG info from CAMS from April

Govt to come out with new pharma policy: Ananth Kumar

January trade deficit widens to $16.30 bn; exports rise 9%

Centre to change base year for GDP, IIP to 2017-18

Bharti Airtel explores options to list Africa arm on global exchange

Pay retail investors for failure in IPO allotment: Sebi tells bankers

RBI ready to inject addl liquidity into banks by March end

Govt to bring major changes in Drug Pricing Control Order

WPI inflation eases to 2.84% in Jan

India reviews anti-dumping duty on steel wheels from China

Small, medium rubber units hit by shortage of carbon black

GVK Power to divest stake in 3 subsidiaries

Essar sells CBM gas to GAIL using Reliance formula

Zee Learn to acquire 44% stake in MT Educare

Govt drops the idea of an India EV policy

India, Singapore exchanges eye trading link to Modi’s Gujarat

Airtel’s holding company for Africa explores IPO

Idea Cellular board approves Rs3,500 crore QIP

Wind power tariffs stay near record low of Rs2.44/unit in SECI auction

World Bank identifies two global risks that could jeopardise India’s progress

Air India’s unpaid bills likely to raise its debt figure

Carlson-Rezidor Group eyes 100 hotels in India by end-2018

UK-based Liberty House left sole bidder for ABG Shipyard as Shapoorji Pallonji withdraws

Amazon now world’s third-most valuable company

PNB says has ability to recover after uncovering giant fraud

Govt mulls allowing foreign vessels in coastal waters

Revenue & profit of auto firms get a boost in Q3

Steel sector buyouts under IBC may invite CCI scrutiny

• US January CPI posts largest gain in a year
• PNB reports $1.8-bn fraud, new can of worms opens
• Bharti Airtel’s subsidiary eyes IPO to unlock value
• Singh brothers resign from board of Religare
• Piramal Fin eyes Rs 3,000-cr affordable housing deals
• New NPA resolution framework positive: Report
• After ICRA, CARE downgrades Fortis rating
• Jindal Stainless posts over 3-fold jump in Q3 net
• Adani looking for foreign coal mines amid challenges in Australia
• Sun Pharma Q3 net profit plunges 75% to Rs 3.6 bn on weak US sales
• ONGC Videsh offers to invest $6.2 bn in Iran’s giant Farzad-B gas field
• Sugar mills, farmers stress to continue despite increase in prices
• Japan economy grows for eight straight quarter
• Allahabad Bank suffers Rs.1,263.8 cr loss in Q3
• India reviews anti-dumping duty on steel wheels from China
• Wind prices stay low in SECI?s 3rd auctions
• Coffee growers want MSP to tide over price crisis
• DLF’s net debt down to Rs 5,513 cr;to be debt free by Mar’19
• NMDC net profit jumps 49% to Rs 886 cr
• Aster DM IPO sees 45% subscription on second day of share sale
• Nestle India Q4 profit jumps 60% to Rs312 crore on volume growth
• GMR Infrastructure Q3 loss at Rs566 crore
• Tata Power Q3 profit declines at Rs612 crore, beats estimate
• Riding on regulatory win, Reliance Jio tops Q3 league tables
• ICAI to come out with concept paper on virtual currencies
• Equity inflow from rights issue to firm Tata Steel’s books, says Fitch Ratings
• New NPA resolution framework long-term positive: Report
• India reviews anti-dumping duty on steel wheels from China
• OVL offers to invest $6.2 bn in Iranian gas field
• Unsatisfactory jobs, under-employment big problem: NITI
• Iran seeks Indian investment amid US pressure
• Fortis to acquire Singapore listed RHT for Rs 4,650 crore
• 1.5 lakh e-transactions get compromised daily in India

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• Inflation to moderate to 5% in Jan: Report
• Ebix front runner to buy Educomp with Rs 325-cr offer
• Insurance industry set to touch $280 bn by 2020: Naidu
• RInfra bags Rs 567 crore order from NTPC
• ‘Govt saved Rs 56K cr through Aadhaar-enabled DBT’
• Govt releases Rs 9,940 cr for Smart Cities Mission
• ONGC acquires 10 per cent stake in UAE’s oil offshore concession
• Bank haircuts on NPAs go up to 80%; 9 of 12 firms enter bidding stage
• Bad news for Adani Power as Jharkhand rejects Rs 120-bn bid to set up SEZ
• NTPC may borrow Rs 160 billion in FY18 to add 6,900 Mw capacity by March
• Lucknow to float municipal bonds of Rs 1 billion to fund infra projects
• Bank of England reading inflation, no hurry to raise rates: Chief economist
• Equity bubble: RBI, SEBI need to be cognizant of risks going forward, says RBI Guv
• Mumbai is 12th richest city globally with wealth at $90 bn
• IRFC will diversify lending, but tread cautiously
• Eight tax officers to handle GST-related queries on Twitter
• Wipro arm launches Internet of Lighting solutions with Cisco
• Bike-makers gearing up for new brake systems
• Singapore Exchange to open trading in Indian products as per normal
• Rules on cryptocurrencies should be out soon: Sebi chief
• Coal India Q3 profit up 4% at Rs3,004 crore
• RBI to have additional instrument for liquidity management
• Real estate back on recovery path: Survey
• Tata Motors to leverage group strength on future of mobility: MD Guenter Butschek
• New rules on corporate bonds by September: Sebi chief Ajay Tyagi
• Fiscal situation to be comfortable in FY19, says FM Arun Jaitley
• Government measures to ensure MSMEs become growth engine: DFS Secretary Rajiv Kumar
• Ikea opens distribution centre in Pune; to invest Rs 750 crore in Maharashtra
• Centre sees 45% fall in customs collection in FY18
• Sops to oil, gas producers under new E&P policy
• Cost of funds low, but not many takers for gold loans
• Bombay HC pulls up Centre for GST pomp, glitches

• Separate route on anvil for individual insolvency cases
• Swiss Re in talks to sell stake to SoftBank
• Singh brothers resign from Fortis Healthcare board
• India to seek lower oil rates from Saudi Arabia, US
• Tata Steel, JSW submit bids for Bhushan Power & Steel
• PSBs need Rs 2.06 tln capital for 8-9% credit growth
• US jobless claims unexpectedly drop to near 45-yr low
• CCI slaps Rs 1.36-bn fine on Google for unfair business practices
• Odisha’s penalty collection touches Rs 112 bn from mining operators
• State-owned banks need Rs 2.06 trn for 8-9% credit growth in FY19: Ind-Ra
• European Central Bank tightens collateral rules for tapping its cash
• Prestige, HDFC Capital to invest Rs 25 bn in affordable housing projects
• 80,000-crore stressed loans in MSME sector
• Govt imposes stockholding limits for sugar mills
• Govt’s economic policy a betrayal: Chidambaram
• Dr Reddy’s recalls 80,000 bottles of Atorvastatin from US
• Cadila Healthcare net profit zooms to Rs 306 cr
• BHEL Q3 net up 64% at Rs 153 cr; declares 40% dividend
• ACC Q4 profit rises 126% to Rs206 crore
• BOE sees need for faster rate hikes as growth outlook raised
• Cryptocurrencies are like ponzi schemes: World Bank chief
• Bharat Forge Q3 net profit jumps 77.39% to Rs228.17 crore
• Coal India sales to power sector rise 6%
• BlackRock is said to seek $10 billion to buy company stakes
• Additional 3 crore free LPG connections to cost Rs 4,800 cr
• China worried over US trade relations as surplus narrows
• Supreme Court order will impact our mines in Goa, says Vedanta
• Winter Olympics 2018: Reliance Jio bags digital rights to broadcast in India
• India ranks 44 out of 50 nations in global IP index
• St snaps seven day losing streak, Sensex rebounds 330 points
• New auto sector policy likely in two months
• UK watchdog justifies  550-mn Tata Steel pensions aid