News Roundup: 18 Jun

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Business Standard

Ø  Claims against RCom swell to Rs 57,382 crore

Ø  Ecommerce cos bat for safety of consumer data

Ø  India says UAE assures supply of oil despite attacks

Ø  Circular economy can generate 1.4 crore jobs: Kant

Ø  Only BS-6 vehicles to be available from next year

Ø  Govt should encourage land leasing, pooling: Report

Ø  New rules to prosecute tax defaulters kick in



Ø  Indian copper smelters feel the pinch as China laps up key ingredient

Ø  Fitch cuts India's GDP growth forecast to 6.6% for 2019-20 fiscal

Ø  Govt considers selling stake in weak banks, raise funds for rural housing

Ø  HDFC MF takes Rs 500 crore of Essel group exposures on its books

Ø  Steel imports from South Korea and Japan fill up the Chinese gap

Business Line



Mint

Ø  Hindustan Zinc to launch floating solar plant soon

Ø  Hindustan Platinum acquires ABB plant in Puerto Rico

Ø  ‘Reliance Infrastructure looking to pare debts to zero by 2020’

Ø  UAE assures India of oil, LPG supplies

Ø  Wipro Lighting to introduce LiFi-enabled products in 2 months

Ø  Lenders to take Jet Airways to NCLT



Ø  Budget airline IndiGo orders 280 Jet Engines in $20 billion deal

Ø  Financial markets may be underpricing major risks in Fed, G-20 events

Ø  Investor wealth erodes by over ₹2 trillion as stocks plummet

Ø  Reliance Capital sells 10.75% stake in RNAM for ₹1,450 cr

Ø  Pfizer acquires Array Biopharma, valued at $11.4 billion

Financial Express



Deccan Chronicle

Ø  Telecom panel approves Rs 3,050 crore penalty on Bharti Airtel, Vodafone Idea

Ø  BPCL’s investment plan for Mozambique gas field gets government’s approval

Ø  India’s commercial realty raked in $2.6 billion cross border investments in Q1 OF 2019

Ø  Summer crop sowing lags on slow monsoon progress; IMD says rainfall to pick up next week



Ø  Rupee logs 3rd straight loss; Indo-US trade tiff weighs

Ø  Investor wealth erodes by over Rs 2 lakh cr as stocks plummet

Ø  Huawei says US ban could wipe $30 billion off revenue

Ø  Piramal Enterprises sells stake in Shriram Transport