3rd Aug: News Roundup

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Business Standard

Ø  Swiss can give client data to India in tax case: Court

Ø  Manipal group in talks to buy AMRI from Emami

Ø  63% of Indian firms struggling with EU GDPR: Report

Ø  ONGC Q1 profit jumps 58% YoY to Rs 6,144 crore

Ø  Apple becomes the first US company to hit $1 trillion in value

Ø  HDFC hikes interest rates on home loans 20 bps

Ø  Diversion of homebuyers' money a criminal act: SC



Ø  IFC to invest Rs 1.6 bn in MRHFL, proceeds to benefit borrowers in villages

Ø  L&T divests stake in L&T Tech to meet 25% minimum public shareholding

Ø  Capital First PAT up by 55% to Rs 1 bn for quarter ended June 2018

Ø  India may defer imposing higher duties on US imports by 45 days

Ø  RBI adds gold to forex reserves in June quarter, buys 2.5 tonnes in March

Business Line



Mint

Ø  Pfizer Q1 net profit up 61% at Rs 92 cr

Ø  ‘GST rate-cuts may lead to revenue shortfall in near-term’

Ø  Hindustan Copper to extract gold, silver from copper ore tailings

Ø  Cipla’s Uganda arm plans IPO, listing

Ø  Delay in revision of fixed costs to hit urea cos: ICRA



Ø  Rosneft’s India venture Nayara rejigs debt to cut interest costs

Ø  GE Power India net profit falls 77% to Rs.2.4 crore in April-June

Ø  Manpasand Beverages Q1 net at ₹36 crore

Ø  Jio Payments Bank, SBI partner for digital banking solutions

Ø  Cisco to buy cyber security firm Duo for $2.35 billion

Financial Express



Financial Chronicle

Ø  Finance Ministry considering suggestion to exclude income from minor asset transfer

Ø  Tata Trusts plans to support 1,000 innovations in tech sector

Ø  Government extends scheme to support cos bidding for infra projects abroad

Ø  India business will grow to USD 5-6 billion for Lenovo: Chairman



Ø  Gold demand falls 8% to 187.2 tonnes in Q2

Ø  NHAI, SBI to ink MoU for Rs 25K cr loan

Ø  ICICI Bank chairman assures of priority to governance practices

Ø  India puts off retaliatory tariff on US products