News update: 19 Jan

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Business Standard

Ø  GST Council slashes rates on 29 items to zero per cent

Ø  US, EU, Japan object to India raising Duty on electronics

Ø  Bharti Airtel Q3 net profit slumps over 39% YoY

Ø  Tech Mahindra to pick up 17.5% stake in Altiostar

Ø  Banks have only themselves to blame: RBI dy guv

Ø  Government to consider hike in sugar import duty

Ø  Court orders issuance to Mallya and18 others



Ø  Govt working on centralised bidding to reduce cost of electricity

Ø  RIL to spend another $23 bn on Jio over next 3-4 years, says Moody's

Ø  L&T Finance Holdings plans to raise Rs 40 bn via QIP, appoints four bankers

Ø  Hindustan Zinc Q3 profit declines 4% to Rs 22.3 bn on higher expenses

Ø  MCX gets Sebi's approval for deliverable futures contract in brass

Business Line



Mint

Ø  Apple to pay $38 bn in foreign cash taxes

Ø  ‘India will need $125 bn to fund renewables dream’

Ø  Global digital health VC funding up 42% at $7.2 b

Ø  ‘Six more months needed to recover from demonetisation’

Ø  Ultratech Cement Q3 profit falls 23% on raw material price rise

Ø  Suven gets product patents in China, Sri Lanka



Ø  GST Council approves changes to composition scheme

Ø  Airbus handed A380 lifeline with $16 billion Emirates order

Ø  Adani Ports Q3 profit up 19.51% at Rs1,001 crore

Ø  Hindalco’s Aleris acquisition bid may face competition from Vedanta

Ø  Infosys’s struggles with M&A deals a test for new CEO

Ø  SBI wary of selling bad loans to ARCs

Financial Express



Financial Chronicle

Ø  E-Way Bill: Penalty clause on non-compliance to be implemented by March 1

Ø  Government’s fiscal consolidation plan likely to continue: Report

Ø  India Ratings projects economic growth at 7.1% next fiscal

Ø  Yes Bank ties up with Amplus Energy Solutions



Ø  GST Council discusses making return filing process simpler

Ø  Govt eyes 20 m foreign tourists by '20, to double Fx earnings

Ø  Zinc Fortification in Indian Soils, to Supplement Zinc Deficiency in Human Body

Ø  FinMin banks on airwave sale for revenue in FY19

Ø  IndiGo, Jet among dozen bidders for RCS hinterland routes