2 Jan: News Roundup

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Business Standard

Ø  Identify source of funds for dissenting creditors: IBC

Ø  Trai asks RCom to keep porting codes active

Ø  Centre stops subscription for 8% GoI savings bond

Ø  Salil Parekh set to take over as Infosys CEO on Jan 2

Ø  Eight core sectors record 6.8 pc growth in November

Ø  PFC, REC, SBI to lend Rs 11,067 cr to NLC plant in UP

Ø  SBI lowers base rate by 30 bps to 8.65%



Ø  Ruias plan to pay interest, penalty of Rs 35 bn to retain Essar Steel

Ø  World Bank's IFC to offload 1.8% stake in Bandhan Bank through IPO

Ø  Iron, steel cos' GNPA for PSBs in basic metals 24%: Govt

Ø  JSW Energy scraps Rs 27 bn deal to buy JP Power's Bina assets over delay

Ø  TVS Motor December sales up 39% to 256,909 units; exports rise 52%

Ø  Surat textile industry still under subdued capacity utilisation

Business Line



Mint

Ø  SB a/c balance slip-ups invite 78% p.a. penalty

Ø  L&T wins Rs.2,100 cr contracts from HPCL, Reliance Ind

Ø  CII urges Centre to abolish CTT on processed commodities

Ø  Hyundai sales up 10% to 62,899 units in December

Ø  Maruti December sales up 10.3% to over 1,30,000 units

Ø  Vehicle makers, govt agencies urged to focus on road safety 



Ø  ONGC makes significant oil, gas discovery in Arabian Sea

Ø  Govt moves to crack down on tax evasion under GST regime

Ø  Banks gearing up to refer 24 of 28 large NPA accounts to NCLT

Ø  ATM operators demand an increase in inter-bank charges

Ø  IndusInd Bank raises $500 million from overseas lenders

Financial Express



Financial Chronicle

Ø  South Korean firms set to invest $9 bn in 5G tech in 2018

Ø  Retail inflation for industrial workers up at 3.97% in November

Ø  Govt action against McDonald's is a wake-up for all industry

Ø  Centre, states, industry to discuss export situation on January 8

Ø  Gujarat NRE Coke faces liquidation process as creditors reject resolution plan

Ø  GAIL commissions India’s second largest rooftop solar plant



Ø  1.6 lakh cr raised via stock market routes in 2017

Ø  LIC loses business share to private players

Ø  Domestic firms funded 40% asset growth via shareholders’ equity

Ø  Car sales in top gear, to cross 3.4m mark on rural, semi-urban demand

Ø  35.03 million tonnes rice procured

Ø  Consolidation with bullish bias will define 2018