News round up 11 Oct

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Business Standard

Ø  'India offers $300 billion investment chance in oil sector'

Ø  No respite for banks as bad loans hit record $146 bn

Ø  GIC Re to launch India’s 3rd biggest IPO on Wed

Ø  Dassault plans business-jet manufacturing in India

Ø  Private trusts can't declare interest lower than EPFO's

Ø  SBI-led consortium orders audit of Punj Lloyd accounts

Ø  'Banks no longer vital; may get limited to transactions'



Ø  JSW, Tata in race for top slot in steel industry

Ø  Adani may buy RInfra's Mumbai power business

Ø  IMF scales down India's growth forecast to 6.7% for FY18

Ø  OMCs take firm stand against dealers strike on Oct 13

Ø  Housing demand not likely to improve in 12-18 months: Crisil

Ø  SBI creates new post: MD for bad loans

Ø  Russia to ban exchanges selling crypto-currencies, calls them "dubious"

Business Line



Mint

Ø  Infosys sets Nov 1 as record date for buyback offer

Ø  Merger of MF schemes will bring down investor costs

Ø  SEBI fixes penalty for non-compliance of shareholding norms

Ø  Govt considering Apple’s proposal to set up unit in India

Ø  Jaguar Land Rover India sales up 45% in first 9 months of 2017



Ø  IT hiring to worsen in October-March period: Report

Ø  Disqualification of directors hits 500 listed companies

Ø  MAS Financial IPO subscribed 129 times on last day

Ø  India, US lead in mutual fund disclosure practices: report

Ø  RCom promoters pledge 2.41% shares with financial institution

Ø  Maharashtra cuts VAT by Rs2 on petrol, Rs1 on diesel per litre; calls it ‘Diwali gift’

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Financial Express



Financial Chronicle

Ø  Arun Jaitley in US: Government convinced public in favour of FDI in defence, says Finance Minister

Ø  Mobile consolidation speeding up; to benefit top telcos: CLSA

Ø  Piramal Pharma announces expansion of API manufacturing facilities

Ø  Bank of Baroda to raise Rs 1,650 cr from bonds



Ø  RBI net dollar purchase in August at USD 3.226 bn

Ø  PE/VC investments up 180% in Jul-Sep

Ø  India has capacity to implement bold decisions: Jaitley

Ø  China goods sale to drop 45% this Diwali

Ø  Aramco keen to pick up equity in Maharashtra refinery