News Round up: 10 Jan

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Business Standard

Ø  New industrial policy in few months: Suresh Prabhu

Ø  Telecom services cost may rise by 10%

Ø  CIL new pricing policy to be linked with quality

Ø  Spectrum holding cap set to be relaxed 

Ø  Jio price cut to delay telcos' Arpu recovery in 2018

Ø  Crude oil rises above $68 for first time since May 2015

Ø  AI disinvestment process moving 'expeditiously': Govt



Ø  RBI's first defaulter list: Liquidation value of steel firms at Rs 540 bn

Ø  Insolvency resolution: Vedanta, Tata Steel submit bids for Electrosteel

Ø  Sovereign wealth fund proposal back; may become holding company for assets

Ø  Essar in talks to sell its Equinox office to Brookfield for Rs 24 billion

Ø  Rs 6-trn direct tax collection rescues govt in fiscally difficult year

Business Line



Mint

Ø  NMDC gets robust response for OFS

Ø  Wheat holding up to fog, ground frost; caution on pest attack

Ø  PM to commence Barmer refinery project next week: Pradhan

Ø  FMCG revenue seen rising 14.8% in Q3 on better rural demand

Ø  BIL Energy to turn ex-bonus on Thursday



Ø  Rural indicators point to worsening farm distress

Ø  Marks & Spencer seeks technology savings through TCS tie-up

Ø  Essar in talks with Brookfield to sell office buildings in Mumbai for Rs2,400 crore

Ø  NCLT approves demerger of Emaar MGF

Ø  84 McDonald’s restaurants in north, east India to reopen this week

Financial Express



Financial Chronicle

Ø  Food bill: Unpaid subsidy may touch Rs 1.25 lakh crore

Ø  India mulls 70% safegaurd duty on solar equipment imports

Ø  Reliance Infrastructure moves MERC for sale approval of Mumbai power biz to ATL

Ø  Mexico inflation climbs at 16-1/2 year high, seen pressuring central bank



Ø  Nifty shows early signs of exhaustion

Ø  IOB defends decision to set off losses from share premium a/c

Ø  Coal India raises thermal coal prices to pay for salary rise

Ø  South Indian Bank Q3 net rises 3% to Rs 115 crore

Ø  Rs 6,000 cr Bharat-22 ETF round II fund raising likely in Feb