{LONGTERMINVESTORS} News Briefing

 

Economic Times

Ø  Rel Jio is world's largest startup: Mukesh Ambani
Ø  Cos with over Rs 500 cr net-worth under new Ind AS
Ø  Credit growth in Indian banks Slows down, says RBI
Ø  RBI allows infra firms to borrow overseas for short tenor
Ø  Fed's Evans sees high hurdle to April rate hike
Ø  Exiting UK operations a logical way of de-risking businesses: Tata Steel
Ø  India, WB sign $1.5 bn loan pact for Swachh Bharat Mission

Business Standard

Ø  Banks may not buy Mallya's settlement offer by September
Ø  RBI's take on liquidity most important in the policy: Economists
Ø  Cameron likely to hold emergency meet on Tata Steel UK business
Ø  ONGC has found hydrocarbon deposit in Mizoram
Ø  Suzlon bags 48.30 Mw wind power project from Indian Oil Corp
Ø  Kalyani eyes tie-up with Italian firm for making small arms
Ø  Adani Group enters defence sector with statement of intent

Business Line

Ø   Small savings interest cut is 'double taxation': panel
Ø  Europe exit will help Tata Steel pare debt, trim losses
Ø  India-Australia joint research projects get $5.6 mn funding boost 
Ø  MOPE acquires 4.1% stake in Indian Energy Exchange
Ø  Special dividend for Hind Zinc shareholders
Ø  'Start-ups are not a bubble, they are a necessity'

Mint

Ø  RBI gives loan defaulters' list to Supreme Court, seeks secrecy
Ø  UTI AMC continues to push for IPO; plans to offload 26% stake
Ø  Govt extends import taxes on some steel products till March'18
Ø  Kandla Port poised to reach three-figure mark in cargo handling
Ø  Tata Motors' defence business bets its future on FICV
Ø  United Bank of India to raise Rs480 crore from govt via preferential allotment

Financial Express                

Ø  Sensex ends 438 points up on buying in metal, realty shares; Nifty settles at 7,735
Ø  Bharti Airtel's low-cost strategy unsustainable: BMI
Ø  Gas prices to dip 17 per cent to $3.15
Ø  Govt proposes strict penalty, jail term for ponzi operators
Ø  Vijay Mallya offers to pay Rs 4,000 cr to settle case

Financial Chronicle

Ø  ADB cuts India's growth forecast to 7.4% for 2016-17
Ø  RIL invests over Rs 1.5L cr in telecom, internet venture
Ø  Nestle dragged to court in UP over 'sub-standard' Maggi
Ø  Swavalamban subscribers can switch to APY: PFRDA
Ø  Sun Pharma shares gain 2%; m-cap up by Rs 4,238 cr 

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