13 November 2017

13 Nov: News round up

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Business Standard

Ø  Govt plans Rs 3.6k-crore subsidy to telcos for BharatNet

Ø  COAI asks TRAI to probe Jio’s new cashback offerings

Ø  FPI inflow in equities at $1.5 billion in Nov so far

Ø  RBI says no to Islamic banking in India

Ø  Petronet drops plans to buy stake in Mundra LNG plant

Ø  P-notes investment hits 8-yr low of Rs 1.23L cr

Ø  DLF debt swells Rs 900 cr in Sep quarter to Rs 26,800 cr



Ø  Stamp duty, property tax may stay out of GST

Ø  EU Brexit chief preparing contingency plan for 'possible' failure

Ø  Trump to press Modi on F-16 fighter contract in Manila

Ø  AAI may issue Rs 5,000-crore bonds for projects to take off

Ø  Russian firms expand footprint in India

Ø  Petronet won't buy 25% stake in Mundra LPG, makes way for IOC to buy 50%

Ø  Airbus, Boeing close in on Dubai deals worth $30 billion

Business Line



Mint

Ø  Debit, credit cards, ATMs will be redundant in 4 years: Niti CEO

Ø  RBI remains net buyer of greenback in Sept, snap up $1.3 bn

Ø  Finished steel exports surge 45% in Oct; imports rise 11.5%

Ø  Govt to put more capital in PSBs to strengthen them: Jaitley

Ø  Coal India net profit drops 40% to Rs. 369 cr



Ø  Bayer to Qualcomm suffer as EU makes time stand still on big M&A

Ø  Govt to start Rs34,000 cr BharatNet phase 2 from Monday

Ø  Govt plans lending reforms as bankers fear new bad debt crisis

Ø  Reliance Comm Q2 consolidated loss at Rs2,709 crore

Financial Express



Financial Chronicle

Ø  India doing better than all financial institutions worldwide: FM Arun Jaitley

Ø  Single's Day sales smash records in China with $45 billion

Ø  Adani Transmission close to finalising Reliance Infrastructure power acquisition deal

Ø  China’s Juneyao Airlines signs $1.4 bn engine deal with GE

Ø  Videocon Telecom to strengthen Wallcam distribution network



Ø  Indians pump Rs 42,000 cr into Dubai realty, get largest foreign investor tag

Ø  Cait may take Infosys to court against GSTN glitches

Ø  Sebi move on record keeping impractical

Ø  Banks won’t get easy money under recap plan: Banking secy

Ø  Caps on spectrum holding for telcos set to go up soon

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