Sunday, November 3, 2019

Daily news 4th Nov




Business Standard

Ø  India to make South Asia the global growth centre: IMF

Ø  'Over 3,400 branches of PSBs closed or merged in 5 yrs'

Ø  Stopped payment to creditors after court orders: DHFL

Ø  Yes Bank's asset-quality woes to continue: Report

Ø  Maruti 'cautiously optimistic' on future sales

Ø  Thomas Cook India not part of global sale to Fosun

Ø  Saudis may reduce Aramco IPO size to $1.6 trillion



Ø  FEMA norms may raise investment bar on foreign-owned mutual funds

Ø  Despite unavailability of MAT credit, 60% of firms opt for lower tax regime

Ø  Minimum wage for workers likely to increase in next three months

Ø  MCA floats a new testing proposal to filter frivolous independent directors

Ø  McNally Bharat pins hope at strategic investors and partners for revival

Ø  Experts raise alarm bells on talent flight amid crackdown on audit firms


Mint

Ø  US Treasury Secretary holds talks with RBI Governor Shaktikanta Das over economy

Ø  NHAI terminates concession pacts of 2 IRB Infrastructure road projects

Ø  Siemens signs MoUs with NTPC, TERI on decarbonisation, energy transition

Ø  Unichem Labs Q2 net loss narrows to Rs 22.2 crore

Ø  SEBI directive: Banks start disclosing divergence in asset classification and provisioning


Ø  Traders' body CAIT to launch nation-wide movement against Amazon, Flipkart

Ø  Mutual fund houses approach Sebi with 125 new schemes in 2019 so far

Ø  Two-phased strategic disinvestment for BPCL likely

Ø  Prasad directs BSNL, MTNL to proceed quickly on VRS, asset monetisation plans

Ø  Fundraising by PE, VC firms in January-September at a five-year high


Deccan Chronicle

Ø  Finance Ministry plans next tranches of CPSE, Bharat 22 ETFs in fourth quarter

Ø  Yes Bank looking for $1.2 billion funding by December, give board seat to new investors

Ø  TCS, Wipro in fray to manage Irdai’s Business Analytics Project

Ø  RERA officials to approach housing ministry for clarity vis-a-vis IBC


Ø  Power gencos' outstanding dues on discoms rise 37 pc to Rs 70,000 cr in Sept

Ø  Germany to invest 1 billion euros for green urban mobility in India

Ø  RBI revamps departments for effective supervision, regulation of banking sector

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