11 June: news roundup

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Business Standard Ø  RBI seeks fortnightly update on payments data storage  Ø  Total net loss of PSBs topped Rs 87K cr in FY18 Ø  Power woes: Goyal to hold high-level meet today Ø  India to soon start making lithium-ion batteries Ø  PNB expects Rs 8,000 cr recovery from NPAs this month Ø  CCI may suggest changes in Walmart-Flipkart deal Ø  GDP growth at sobering 6.7 per cent: Chidambaram   Ø  SBI to auction 12 NPA accounts on June 25 to recover dues of over Rs 13 bn Ø  Violence cost India's GDP over $1 trn in 2017; $595 per person: IEP report Ø  ICICI Bank, Kochhar under lens in US, Indian agencies may seek foreign help Ø  Iron ore accumulates at Karnataka mines as steel cos opt for imported ore Ø  GVK Group may file DHRP with SEBI for its airport vertical IPO next month Business Line   Mint Ø  Currency with public hits record high post demonetisation Ø  Diversified shareholders mechanism could be an option for Air India sale Ø  NBFC must implement Ind AS from April 1: Govt Ø  6 of top 10 most valued firms add Rs 60,208 cr in m-cap Ø  Arbitration award in Reliance-ONGC gas row next month   Ø  RITES to buy 25% stake in IRSDC for ₹250 crore Ø  Tata Motors open to stake sale in finance arm TMFL, aims Rs50,000 crore AUM by 2020 Ø  Govt weighs various options to bring down its stake in IDBI Bank Ø  NCLT gives 90 more days for Ruchi Soya insolvency resolution Ø  Companies under insolvency process to face additional surveillance from 11 June Financial Express   Financial Chronicle Ø  Insolvency & bankruptcy: Focus on resolution and not liquidation, says IBBI chief MS Sahoo Ø  Number of air passengers has gone up to more than 10 cr: Jayant Sinha Ø  NTPC to acquire power plants of Jaiprakash Power and Jindal India Ø  Industry expects close to 8% GDP growth over next two years: CII   Ø  India mulls new group in WTO to work on future plans Ø  Listed companies may see recovery, clock 17-18% growth in FY19 Ø  BSNL to borrow Rs 4,300 cr in FY19 Ø  High demand, low stocks to keep Mustard prices firm Ø  Optimism on job scenario fades, shows RBI survey