20 June 2019

News Roundup" 20 June

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Business Standard

Ø  US Fed leaves key rate unchanged, hints at future cuts

Ø  Two former directors of IL&FS arrested by ED: Reports

Ø  HDFC buys 51% in Apollo Munich for Rs 1,347 cr

Ø  Govt plans to exempt EVs from registration fee

Ø  PNB's recovery of bad loans doubled in FY19

Ø  Trump may use H-1B cap to target India's data rules

Ø  RBI slaps Rs 10 lakh fine on South Indian Bank

Ø  OVL, partners to invest $20 bn in Mozambique to monetise gas reserves

Ø  Jalan panel report on RBI's capital size to be finalised by June-end: Das

Ø  NBFCs face $15.8 bn of maturing debt amid cash crunch, credibility crisis

Ø  Aviation to telecom: New accounting norms may alter debt math of companies

Ø  FinMin to rework proposal for Air India sale after considering oil price

Business Line


Ø  NDTV case: Delhi ITAT upholds long-term capital gains tax on Roys

Ø  PSU drugmaker Hindustan Antibiotics hopes to regain health post ₹250-crore VRS

Ø  Renault India to phase out diesels cars from next year

Ø  L&T bags water supply project contract in Sri Lanka

Ø  BHEL commissions Chhukha hydro project in Bhutan

Ø  Rajesh Exports bags ₹ 942-cr order from Germany

Ø  SAT fines Sebi for 2017 order, calls its approach ‘casual’

Ø  Nirmala Sitharaman discusses liquidity, financial stability with regulators

Ø  Settlement mechanism: Sebi sets grounds for confidentiality to applicants

Ø  India will not allow multi-brand retail by foreign firms, predatory pricing

Ø  IndusInd Bank fixes 4 July as date for merger with Bharat Financial Inclusion

Financial Express

Deccan Chronicle

Ø  ArcelorMittal confirms Italian arm raises concern with govt for legal safeguard

Ø  Huawei’s troubles open big opportunity for Nokia, Ericsson

Ø  Tax body seeks extension of GST return filing by four months

Ø  UK Sinha panel on MSMEs submit report to RBI

Ø  US-China economic relationship ‘unbalanced’: USTR

Ø  FM reviews state of economy at FSDC meet

Ø  EAC-PM rejects Subramanian's claim on over-estimation of GDP

Ø  Rupee up 2 paise to 69.68 vs USD ahead of Fed policy decision

Ø  Amazon opens Telangana's largest delivery centre in Hyderabad

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