Monday, December 2, 2019

Daily news 3rd Dec

*🔹Business Standard :*


Ø  Karvy case: 90% investors get back their securities

Ø  Crisil slashes FY20 growth forecast to 5.1 per cent

Ø  Government launches independent directors' databank

Ø  Gross direct tax collection rises by 5% till Nov: FM

Ø  $14 bn loans to builders under severe stress: Report

Ø  Steel industry margins set to shrink: India Ratings

Ø  United Spirits proposes merger with Pioneer Distilleries

Ø  Telecom tariff hike expected to benefit sector, boost its financials

Ø   Govt moves Taxation Bill in Lok Sabha seeking changes in income tax law

Ø  Net surplus revenue decreased 66% to Rs 1,666 cr in 2017-18: CAG report

Ø  Ashok Leyland M&HCV sales decline 55% in November; bus sales up 196%

Ø  Tata Motors bags orders for over 2,300 buses from various state govts


*Mint :*


Ø  Corporate tax cut will make India a global manufacturing hub: FM

Ø  No proposal to reduce taxes on petrol, diesel: Central Government

Ø  LG Electronics India posts ₹1,534-crore profit in FY19

Ø  India Inc delivered weak performance during Q2 FY20: ICRA

Ø  Cadila Healthcare gets board nod for amalgamation

Ø  Kia Motors becomes India's fourth largest vehicle manufacturer after two months

Ø  SAMHI Hotels gets Sebi's go ahead for ₹1,800-2,000-crore IPO

Ø  Jaypee Infra case: Suraksha may offer more cash & land to lenders

Ø  Railways operating ratio in 2017-18 was 98.44%, worst in 10 years: CAG

Ø  Yes Bank files insolvency petition against Jaypee Healthcare
*Deccan Chronicle :*


Ø  Foreign investors bring cheer to Indian market in November; FPI in equity at 8-month high

Ø  Government earmarks Rs 937 crore for exploration of non-CIL blocks in FY20

Ø  India’s economic growth likely to remain subdued in near future, says report

Ø  Samsung India’s profit declines 58 per cent, becomes $10 billion firm

Ø  Over 3.38 lakh cos deregistered in last two financial years: Govt

Ø  Rupee edges higher by 8 paise to USD; RBI policy meet in focus

Ø  78 pc depositors of PMC Bank can withdraw entire deposits: govt

Ø  Public sector banks told to outline insurance JVs’ future

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