Thursday, January 19, 2017

News Headline 20-01-2017

Economic Times
Business Standard

Ø  Hit hard by cash ban, IPO grey market comes back to life with BSE’s issue
Ø  Alibaba to invest Rs 120 cr, to increase headcount
Ø  Rs 75L penalty on Bombay Mercantile Bank by RBI
Ø  Axis Bank reports 73% drop in Q3 net profit
Ø  Cover drive! Rs 2-lakh insurance cover for Jan Dhan account holders on cards
Ø  Tax breaks, infra push top markets' Budget 2017 expectations
Ø  Sensex ends higher, Nifty above 8,400 ahead of ECB meeting
Ø  ICICI Pru, HPCL enter Rs 50,000 crore market cap club
Ø  HDFC cuts home loan rates for existing borrowers by 15 basis points

Business Line

Ø  Hind Oil jumps 10.16% after company gets crucial clearance
Ø  YES Bank net rises 31% in Q3
Ø  Silver futures plunge Rs. 517/kg on weak global cues
Ø  NPS expected to grow at 35-40% in FY17: PFRDA
Ø  Toshiba shares drop 16% on reported write-down losses
Ø  Federal Bank Q3 profit rises 26.38% to Rs205.65 crore
Ø  Bharti Airtel plans to raise funds via debentures, bonds
Ø  Railways to float Rs8,000 crore tenders for transmission network

Financial Express
Financial Chronicle

Ø  Alibaba becomes worldwide Olympic partner through 2028
Ø  Vedanta Limited to invest Rs 60,000-70,000 crore in its major businesses
Ø  BHIM downloads hit 1.1 cr in 20 days, reveals Minister RS Prasad; Niti’s Amitabh Kant says iOS app coming soon
Ø  NABARD projects Rs 1,28,199.38 crore credit potential for Kerala
Ø  Reliance Industries writes down nearly Rs 40,000 crore
Ø  General Motors adapts $1b recipe for "tough" Indian market
Ø  ICRA upgrades long term rating on Patanjali Ayurved

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