Wednesday, October 16, 2019

Daily news 17th Oct




Business Standard

Ø  Overseas investors increase Asian bond buying
Ø  Economies should engage in combined action plan: IMF
Ø  US warns China about untrackable ships carrying Iran oil
Ø  Slowdown in credit linked to growing risk aversion: SBI
Ø  RIL can hit $200b m-cap in 24 months, says BofA-ML
Ø  Trump says won't sign trade deal until he meets with Xi
Ø  PMC Bank assures to protect depositors interest



Ø  India's fuel demand dips to lowest in over two years in Sept: Govt data
Ø  ICRA revises rating outlook for one-third of wind, solar portfolio
Ø  India cannot sacrifice economic strength to comply with US sanctions: FM
Ø  PNB Housing to raise up to Rs 10,000 cr by issuing bonds in tranches
Ø  Declining domestic copper grades compel China to look overseas: Fitch



Mint
Ø  Fundamentals of economy ‘very very strong’: CEA
Ø  Lending to small units fell in Q1, says MSME report
Ø  Bharat Electronics signs MoU with TEL for ammunition business
Ø  JSW Paints to enter western markets by year end
Ø  India halved its poverty rate since 1990s: World Bank
Ø  ACC net up 45% on higher realisation


Ø  Reliance Jio alleges fraud by incumbent telcos to earn IUC revenue
Ø  Mindtree catches up with Street’s expectations in Q2
Ø  VTB Group acquires rights to sell 10.71% stake in ZEEL to recover loan
Ø  Road ministry issues draft norms to set up vehicle scrapping facility
Ø  Sell our assets and start repayment to PMC: HDIL promoters ask probe agencies



Dec can Chronicle
Ø  RBI extends restrictions over two Maharastra based cooperative banks
Ø  Coal shortage has impacted aluminium production: Nalco
Ø  Important for India to keep fiscal deficit in check: IMF chief economist Gita Gopinath
Ø  DHFL crisis: Lenders hope Mutual Funds also join resolution plan soon


Ø  Adani Wilmar eyes Rs 36,000 cr from consumer business in 5 years
Ø  Rupee pares initial losses; settle 11 paise up at 71.43 against USD
Ø  Sensex rises for 4th straight session, up 93 points
Ø  Oil prices edge higher as OPEC hints at deeper output cuts

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Daily news 17th Dec

Business Standard Ø  Govt plans online clearances to coal mining projects Ø  Govt working on debt issue of Air India: Secretary Ø  Jio...