Wednesday, March 8, 2017

News.

Economic Times

Ø  SBI justifies penalty, says need money to bear Jan Dhan costs
Ø  CPSE stake sale: Govt wary of foreign investors
Ø  Reserve Bank opposes Tata move to pay Docomo
Ø  Our services are not for free: HDFC's Aditya Puri
Ø  Indian drug makers can export patented meds for approval: Delhi High Court
Ø  Paytm will now levy 2% fee when you top it up using your credit cards


Business Standard

Ø  Long wait for a shorter trade route to Russia ends
Ø  I-T dept lifts freeze on Cairn Energy payout, but bar on stake sale stays
Ø  Investors now trust India story: LSE
Ø  Steel exports shoot up 150% in February, imports decline 46%
Ø  Sebi relaxes restraint order in castor seed controversy
Ø  Note ban boost to digital payments continues: Study
Ø  Reliance Jio understated revenues, forex gains not included, says report


Business Line

Ø  Industry body bats for universal basic income for women
Ø  Mahindra Lifespace gets SEBI approval for Rs. 300-cr rights issue
Ø  Merc sales ‘back on track’ with Q1 growth
Ø  Groupe SEB India sees Tefal range heating up growth
Ø  Vedanta pledges to raise women board representation to 33%
Ø  Reliance MF’s CPSE ETF to open on Mar 14; to raise Rs. 2,500-cr


Mint

Ø  Digital payments decline as cash returns, shows RBI data
Ø  D-Mart IPO subscribed 1.36 times on Day 1
Ø  Paytm valuation near $5.9 billion as 3 investors sell stake to Alibaba
Ø  Glenmark gets USFDA nod to start phase-II clinical trials for respiratory drug
Ø  Instacart said to raise funds valuing start-up at $3.4 billion
Ø  Three Indian firms among the 50 most promising start-ups in the world


Financial Express

Ø  H1B, employment based green card to be reformed: US Senator
Ø  US already in trade war: Commerce Secretary Wilbur Ross
Ø  Govt makes Aadhaar mandatory for crop insurance policies
Ø  Music Broadcast IPO subscribed by over 39 times on overwhelming interest in all categories
Ø  China grants preliminary approval to 38 new Trump trademarks


Financial Chronicle

Ø  Sugar import at zero duty on the cards
Ø  Cement prices rise in north, dip in south
Ø  Govt lines up 9 rail PSUs for IPO
Ø  Adhere to spending cap in March: FinMin to ministries
Ø  Flipkart’s hedge fund boss is looking for $1.5b
Ø  Maruti to launch four new models in 2017-18

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