20 Dec: News Roundup

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Business Standard

Ø  Complaints against private banks on rise: RBI report

Ø  Self-regulation for food cos, QSR chains soon

Ø  Mortgage lender HDFC unveils $2b fundraising plan

Ø  Ask consumers before changing subsidy a/c, UIDAI to banks

Ø  Airtel deposits 'interim penalty' of Rs 2.5 cr with UIDAI

Ø  China accounts for 66% of India's drug imports

Ø  Car loans up 30%, average ticket sizes also growing



Ø  Five telecom firms understated AGR by Rs 14,800 cr: CAG

Ø  Resolution of top steel firms gets delayed

Ø  Sugar stockholding limit scrapped to keep prices under control

Ø  Govt must sell stake in PSUs to private firms to cut import bill: Vedanta

Ø  ESAF Small Finance Bank looks for foreign equity partner

Ø  World Bank lifts China's GDP outlook to 6.8%, maintains 2018 forecast

Business Line



Mint

Ø  KEC International wins new orders worth Rs. 2,424 cr

Ø  TRAI to review guidelines for TV channels’ licensing

Ø  CAG red flags Rs. 83,497-cr secondary, higher education cess impairment

Ø  Tata Steel sets eyes on raising Rs.12,800 crore via rights issue

Ø  Reliance Naval insolvency case: NCLT adjourns hearing to January 11





Ø  Dr Reddy’s arm settles case with US govt for $5 million

Ø  Govt recovered less than 9% service tax arrears in FY17: CAG

Ø  CCI clears IndusInd-Bharat Financial merger

Ø  Astron Paper IPO over-subscribed 12.39 times on day 3

Ø  EIB India lending seen over €1 billion in next 2 years

Financial Express



Financial Chronicle

Ø  Railways revises down rail tender to 4.87 LT; SAIL to provide remaining quantity

Ø  Pickup in jobs key to sustain consumption growth: Report

Ø  CAG pulls up Income Tax department for not adopting uniform mechanism

Ø  CAG raps FSSAI over licensing process, poor food testing labs



Ø  Parliament passes Companies Amendment Bill

Ø  Banks borrow nearly Rs 80K cr from repo windows on tax outflows

Ø  German firm acquires Chennai’s Raj Petro

Ø  Suzlon Energy wins 252 MW wind power project

Ø  Withdraw service matters as reward for GST rollout: IRS