06 December 2017

6 Dec: News Roundup

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Business Standard

Ø  UAE, Saudi forming new group, separate from GCC

Ø  Irda issues rules for PE investments in insurance cos

Ø  Highlights of mid-term review of Foreign Trade Policy

Ø  RBI reiterates warnings about trading in Bitcoins

Ø  Airlines to trim losses by upto 90% this fiscal: Icra

Ø  Govt plans to replace the taxman with an algorithm

Ø  Government rolls out incentives to boost exports

Ø  Govt's public debt rises by 2.53% in Jul-Sept quarter



Ø  Onus on rating agencies to reveal loan defaults

Ø  LIC invests Rs 44K cr in equity markets in Apr-Nov period

Ø  14% rise in corporate debt under stress

Ø  Single authority to issue GST refund for exporters: Adhia

Ø  Lenders may go slow on referring SMEs to NCLT

Ø  Sugar mills fret as prices plunge of sugar and molasses

Ø  CCI approves Indus Towers' share transfer to Voda shareholders

Business Line



Mint

Ø  TCS, Cornell Tech partner for academic and industry research

Ø  Higher export relief for labour-intensive sectors in FTP review

Ø  Indian fleet-owners term IOC, BPCL tanker charter tenders ‘not workable’

Ø  Reliance Jio records top 4G download speed at 21.9 mbps in Sept: TRAI

Ø  Amtek Auto seeks more time for announcing audited results



Ø  Govt says debt rollover risk in next 5 years low

Ø  ‘No evidence’ to justify Vijay Mallya extradition to India, UK court told

Ø  More Chinese banks plan to file insolvency cases against RCom

Ø  Lanco Infratech seeks to sell four renewables assets

Ø  Decoding the imports surge post demonetisation

Ø  ADB approves $583 million loan to Reliance Power project

Financial Express



Financial Chronicle

Ø  1% of world GDP to be spent on air transport next year, says IATA

Ø  RBI policy meet begins; decision on key rate on December 6

Ø  Service sector slips to contraction territory during November: PMI

Ø  Bhel to renovate ESP package at Kahalgaon plant for Rs 215 crore



Ø  Top 500 companies may face electronic tax scrutiny soon

Ø  Indian economy can grow at 10%: ADB country head

Ø  LIC books over Rs 12K cr equity profit in first half

Ø  Leading coffee exporter & supplier brews own brand

Ø  Demat accounts touch 3 cr mark as people queue up for stocks

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