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Great Of India News – 31/01/17

Posted On January 31, 2017 at 9:51 am by / 2 Comments

Great Of India

Ø  Vodafone confirms talks on merger with Idea 

Ø  CBI opposes bail pleas of 9 in IDBI loan default case
Ø  Idea deal will lead to backdoor listing of Vodafone
Ø  RBI removes withdrawal limits on current accounts
Ø  CBI opposes bail pleas of 9 in IDBI loan default case
Ø  Telenor joins M&A rush, seeks Aircel-RCom tieup
Ø  Piramal to acquire Mallinckrodt for $170 million
Ø  Next edition of consolidated FDI policy to come out soon
Ø  Strategic sale of NMDC, SAIL units on cards
Ø  ATM cash withdrawal limit eased further
Ø  Lenders wary of JSW’s Bhushan Steel proposal
Ø  Fitch downgrades long-term issuer default ratings on BILT to CCC
Ø  I-T begins action under Benami Act; attaches 42 assets worth crores

Business Line

Ø  Merger may lead to $1 b in savings for Idea, Vodafone
Ø  GMR Kakinada SEZ attracts ₹7,000-cr investments
Ø  HDFC board approves increase in authorised share capital to Rs.350 cr
Ø  Reliance Defence bags Rs. 916-cr contract from Defence Ministry
Ø  Emami posts ₹140-crore standalone profit in third quarter
Ø  HDFC Q3 net profit up 12% to Rs1,701 crore
Ø  Govt mulls introducing fixed-cost component in renewable energy tariff
Ø  Inadequate imports of paper for new currency notes may have led to cash crunch
Ø  Tech Mahindra’s Q3 profit up 14% to Rs856 crore
Ø  Grasim consolidated profit up 14% on better VSF realisation

Financial Express
Financial Chronicle

Ø  Indian Rupee slides 16 paise against dollar
Ø  German consumer group files data suit against WhatsApp
Ø  Gold monetisation policy has no lustre, needs changes: IIM-A
Ø  Goldman Sachs CEO Lloyd Blankfein takes lead on Wall St. in slamming Donald Trump’s travel ban
Ø  Indian e-tail industry grew by 12% to $14.5 billion in 2016: Report
Ø  RBI sets rupee reference rate at 68.0426 against dollar
Ø  Disinvestment goal for FY18 may be raised to garner funds
Ø  Higher open interest, new series may add to volatility
Ø  Sops to common man, cut in corporate tax on the cards.


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