News Round up: 18 Jan 2018

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18 Jan 2018

Economic Times

Business Standard

Ø  HUL Q3 profit jumps 28% YoY to Rs 1,326 crore

Ø  Direct tax mop-up jumps 19% to Rs 6.89L cr this fiscal

Ø  PFRDA relaxes withdrawal norms under NPS

Ø  Satyam case: PWC moves SAT ​against SEBI ban

Ø  India to auction 55 oil and gas exploration blocks

Ø  Bitcoin slumps to $10,000, half its peak price

Ø  Sri Sri's FMCG brand Tattva to open 1000 stores

Ø  Centre mulls permitting 100% foreign investment in private banks

Ø  JFE-JSW, ArcelorMittal, Vedanta to bid for Bhushan Steel

Ø  RITES files draft papers with Sebi to raise Rs 6 billion via IPO

Ø  Jubilant Life Sciences Q3 net surges 80% to Rs 2.12 bn on robust sales

Ø  Ashok Leyland signs pact with Israel-based Phinergy for electric CVs

Ø  BofA Q4 net slumps on $2.9-bn tax charge, adjusted income beats estimates


Mint

Ø  Govt cuts 2017/18 additional market borrowings to Rs 20K cr

Ø  Adani group to invest Rs.750 cr in West Bengal

Ø  JB Chemicals & Pharma gets European GMP approval for Gujarat facility

Ø  Huge opportunity to export LNG to India, China: IEA chief

Ø  India to be $5 trillion economy in 8-9 years: Suresh Prabhu

Ø  Govt to auction 55 oil, gas exploration blocks on Thursday

Ø  Tata group hires EY to explore sale of oil and gas business

Ø  Amalgamation scheme: Tata Power shareholders’ meet on 19 February

Ø  Sensex crosses 35000 as govt moves to contain fiscal deficit

Ø  Srei reports 56% jump in Q3 net profit at Rs105 crore

Ø  Amber Enterprises IPO fully subscribed on Day 1

Ø  Sugar processors undermine margins to meet payments to cane farmers


Financial Chronicle

Ø  Fitch downgrades outlook on Adani Transmission to negative

Ø  Xiaomi claims responsibility of WhatsApp ‘obsolete’ error problem

Ø  Bharti Infratel Q3 net profit drops 6% to Rs 585 crore

Ø  Trai to meet telcos on January 23 to chart out 2018 agenda

Ø  All 14 types of Rs 10 coin valid, legal tender: RBI

Ø  HSBC InvestDirect Securities settles case with Sebi

Ø  Israel and India join hands to boost defence ties

Ø  Israel PM speaks of hard power, praises India on ease of doing biz

Ø  New licencing system for contract staffing firms on cards

Ø  HPCL’s 51.11% stake sale to ONGC may fetch moderate gains