News Roundup: 1 Jan 2019

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Business Standard

Ø  NBFCs balance sheet grew 17.2% as of Sep 2018: RBI
Ø  Core sector growth hits 16-month low in November
Ø  Not seeking RBI surplus to meet fiscal deficit: FM
Ø  India's external debt dips 3.6% to $510 bn in Sept
Ø  HDFC raises lending rates by 0.1 per cent
Ø  Axis Bank MD & CEO Shikha Sharma retires
Ø  Banks' exposure to financial system at 46.5%: RBI


Ø  RBI report calls for fine-tuning institution scanning after IL&FS crisis
Ø  India exempts rupee payments for Iran oil imports from hefty taxes: Report
Ø  Core sector growth hits 16-month low at 3.5% in Nov due to oil, fertilisers
Ø  Lupin plans expansion, eyes Europe growth via acquisitions and launches
Ø  BHEL bags Rs 3,500 crore order for setting up West Bengal thermal unit
Business Line

Mint
Ø  ₹75-lakh threshold could help over 60 lakh MSMEs escape GST net
Ø  ‘Bearish sentiment weighed on PV segment in second half’
Ø  Employees of bankrupt RTIL join hands to revive company
Ø  Toyota Kirloskar Motor sales up 10% in Dec
Ø  Domestic steel consumption to grow by 7% this fiscal, FY20: ICRA
Ø  Tyre sector may grow 7-9% in 5yrs buoyed by demand,lower crude

Ø Government infuses Rs 10,882 crore capital in four PSU banks
Ø  IL&FS puts commercial, residential properties up for sale
Ø  Kotak misses deadline to cut stake
Ø  RCom, Reliance Jio extend validity of asset sale pact to 28 June
Ø  PPF regains the crown with the best returns
Ø  Lok Sabha passes Indian Medical Council (Amendment) Bill, 2018
Financial Express

Financial Chronicle
Ø  Government extends import restrictions on peas till March 31
Ø  Hyderabad HC sets aside ED order attaching Tech Mahindra’s Rs 822 cr fixed deposits
Ø  Insurance industry goes on tech drive to expand coverage

Ø  Govt seen going full throttle on labour reforms
Ø  New NHAI norms may slow down project awards
Ø  Govt proposes to invest Rs 1,227 cr through EDF
Ø  Provision coverage ratio of PSBs on rise, crosses 66%