21 Dec: News roundup

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Business Standard

Ø  Govt may allow 100% FDI in telecom via automatic route

Ø  Aircel to shut operations in 6 circles by January 30: Trai

Ø  SIAM proposes to sell only electric vehicles in India

Ø  Govt aims to finalise National Telecom Policy by Mar

Ø  'Alternative assets industry in India worth $43 bn'

Ø  Astron Paper IPO overall subscribed 242.72 times

Ø  Creditors of insolvent cos can get shares at discount



Ø  Excise, VAT may co-exist with GST on fuel

Ø  CG Corp to set up Rs 5k-cr fund to buy hotels, resorts

Ø  Bharti Airtel board clears scheme for Tata Tele takeover

Ø  RBI prescribes additional corrective measures against United Bank of India

Ø  Automakers seek 5% GST, IT sops for electric vehicles

Ø  Rs 30,000-cr bond opportunity in power transmission: Crisil

Ø  Jute sack standard dilution has hit PDS, storage: FCI

Business Line



Mint

Ø  Mukesh’s Jio leads race to buy Anil’s RCom’s assets

Ø  Edelweiss Wealth Management acquires Religare’s securities business

Ø  Essar Oil (UK) posts $169 mn profit in H1 FY17

Ø  Non-core business activities of stock exchanges under SEBI lens

Ø  Bitcoins cannot be ignored: SEBI chief





Ø  RBI puts Bank of India under prompt corrective action

Ø  HDFC sells 6.3% in CAMS to Warburg Pincus arm for Rs210 crore

Ø  Shell companies: Govt may provide relief for disqualified directors

Ø  Users’ consent must for changing bank accounts to receive subsidies: UIDAI

Ø  Tata Tele Mah posts net loss of Rs8,198.34 cr in Sept qtr

Financial Express



Financial Chronicle

Ø  Battle heats up for $26 bn insolvent steel companies in India; Lakshmi Mittal, Anil Agarwal in race

Ø  Cabinet approves new skill development scheme for textile sector

Ø  GIC Re gets ‘in principle’ approval for Lloyd’s syndicate

Ø  Wind tariff competitiveness to remain a challenge: ICRA



Ø  Airtel board okays terms of Tata Tele deal

Ø  Trai mulls ways for cos closing ops to return unused balance

Ø  Banks under PCA to miss phase-I recapitalisation

Ø  Urjit Patel flags inflation concerns, rate hike on horizon