30 Oct: News roundup

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Business Standard

Ø  LIC may participate in bank recapitalisation programme

Ø  Govt to examine ‘Grey Areas’ in Companies Act

Ø  Govt may miss FY18 revenue collection target: Official

Ø  'Bank recap plan to push GDP growth to 7% in FY19'

Ø  Infosys to begin another round of shareholder outreach

Ø  Bailout not going to cure Banks' bad lending habits

Ø  Ease of doing biz still a major concern: Sunil Mittal



Ø  Essar Group, Tatas, ArcelorMittal submit bids for debt-laden Essar Steel

Ø  FPIs pump $3 bn into Indian capital markets in October

Ø  Reliance Jio moves to broadband, TV space after success in mobile telephony

Ø  Hindustan Unilever to spend Rs 2,000 cr for dividend payment in FY18

Ø  Maruti Suzuki to build e-cars as govt plans to electrify vehicles by 2030

Business Line



Mint

Ø  GST Council asks Infosys to make portal more user-friendly

Ø  ‘Non-life insurance will be a major driver of growth’

Ø   African-Caribbean group backs India at WTO on food security

Ø  Centre asks CIL to ramp up coal output to meet robust demand,

Ø  Electronic security firm Zicom bets big on IoT, eyes revenue of₹200 cr by 2020



Ø  Bharat 22 ETF to open on 14 November, to raise Rs8K cr

Ø  Govt stake sale in PSU banks can fetch more than Rs58,000 crore: Assocham

Ø  SBI General Insurance net zooms to Rs251 crore on one-time income in Q2

Ø  India becomes Honda’s No.1 market in Asia Oceania region

Ø  Centre releases Rs8,698 cr as GST compensation to states

Financial Express



Financial Chronicle

Ø  Businesses under composition scheme to soon start filing GST returns

Ø  Group of Ministers for 12% GST on AC eateries, composition scheme tax cut

Ø  Flagging economy pushed down M&A activity in India, says report



Ø  Bank recap bill too could be handed over to LIC

Ø  Zero coupon bonds on govt table for PSU bank recapitalisation

Ø  ICICI Bank’s Q2 profit plunges by 34% to Rs 2,058 cr

Ø  No respite likely for banks on provisioning norms

Ø  Trai may ban unreported personalised tariff plans