17 July: News Roundup

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Business Standard

Ø  Users have right on their data not cos: Trai

Ø  IMF cuts India's growth projection, but it's still on top

Ø  Productive US-Russia talks good for world: Trump

Ø  India, Iran discuss impact of US sanctions on oil trade

Ø  ICICI Bank decides to postpone AGM by a month

Ø  India recommends safeguard duty on solar cells

Ø  BSNL to roll out 5G service with global launch: Anil Jain



Ø  Hindustan Unilever Q1 profit up 19% to Rs 15.29 bn, income rises 3%

Ø  Sebi extends deadline to Sept 30 for RTAs to collect PAN, bank details

Ø  LIC board gives nod to acquisition of up to 51% stake in IDBI Bank: Garg

Ø  Buyback withdrawals by companies pose headache for Sebi, investors

Ø  China files WTO challenge to Donald Trump's $ 200 bn tariff plan

Business Line



Mint

Ø  WPI hits 54-month high, jumps to 5.77% in June

Ø  Moody’s warns of higher SME LAP delinquencies on rising rates

Ø  Centre may take up fresh valuation of Air India

Ø  Sugar output seen at a new high of 355 lakh tonnes in 2018-19

Ø  Lupin gets UK health regulator’s approval for Goa facility

Ø  China Q2 GDP growth slows, meet forecast



Ø  IDBI Bank board may soon clear preferential share allotment to LIC

Ø  Fitch sees IOC’s net debt levels rising due to large capex

Ø  TCS eyes $200 million in revenue from blockchain in FY19

Ø  Hotel firm’s lawsuit a challenge for Infosys’s hiring plans in US

Ø  Sensex drops 217 points on sell-off in banking, pharma stocks

Financial Express



Financial Chronicle

Ø  PhonePe acquires Zopper Retail for undisclosed account

Ø  FMCG major HUL to go for ‘judicious’ hike to ward off inflation

Ø  Scam-hit PNB opens 2nd centralised loan processing centre for better monitoring

Ø  India invites investments from Omani companies



Ø  PE investments in real estate see a quantum jump

Ø  Ashok Leyland forms new division for customers

Ø  Office assets witness inflow of `57,300 cr since 2011

Ø  10% duty sought to curb aluminium dumping

Ø  Business confidence stays subdued in June