30 Jan: News Roundup

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Business Standard

Ø  HDFC Q3 profit plunges 60% YoY to Rs 2,114 crore

Ø  Ruias' Rs 54,389 cr offer to retain family silver hits NCLT wall

Ø  Axis Bank Q3 profit rises, asset quality improves

Ø  Timely NCLT resolutions can free Rs 67,000 cr: Report

Ø  BoB Q3 profit jumps 4-fold to Rs 471 crore

Ø  EOW seeks legal opinion on attachment of brokers’ assets

Ø  Govt likely to miss FY19 share sale target by Rs 15,000 crore; FY20 target seen at Rs 1 lakh crore

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Ø  India improves global corruption index ranking by 3 points to 78 in 2018

Ø  DHFL siphoned off Rs 31,000 crore of public money, claims report

Ø  SBI poised to control 15% in debt-laden Jet Airways

Ø  Income support better option than loan waivers, says India Ratings

Ø  HCL Tech shows better-than-expected Q3 results, net up 19% to Rs 2,611 cr

Business Line



Mint

Ø  Bajaj Finserv Q3 netup 16% at₹851 crore

Ø  Basic income support to cost at least Rs 1.5 tln

Ø  52.8 lakh tonnes of pulses, oilseeds bought under price support scheme

Ø  Gems and jewellery exporters want import duties reduced

Ø  KoPT plans 40% capacity addition at Haldia, Kolkata docks

Ø  Ramco Cements’ net falls 18% on cost, price pressures



Ø  Labour Ministry decides to allow women to work in underground coal mines

Ø  Chalet Hotels' IPO subscribed 7% on Day 1 of bidding

Ø  Accenture to sell automation software that allowed it to cut 40,000 jobs

Ø  Proposal to encourage taxmen to file GST profiteering complaints

Ø  Sugar millers in India to seek higher sugar price to clear dues

Financial Express



Financial Chronicle

Ø  Stake sale in South Asia business will help Tata Steel reduce debt: S&P

Ø  ESSAR Steel revival: NCLT rejects promoter Ruias’ settlement bid

Ø  Cement Manufacturers’ Association reaches wage pact with unions

Ø  Google, Facebook, Twitter must do more against fake news: European Commission



Ø  NPA recognition cycle seems peaked for PSBs

Ø  Gold prices hit six-year high, seen heading to Rs 34,500

Ø  Jindal Stainless seeks duty cuts on raw material imports

Ø  Vedanta Resources to invest $1.6b in South Africa

Ø  BoI Q3 net loss widens to Rs 4,738 cr; NPA provisions jump two-fold