GOODWILL BUSINESS DIGEST

  • GDP growth at 7.7 % hits 7-quarter high.
  • Sensex gains 416 points on macro optimism
  • Core sectors grow 4.7%. GST and Note ban to improve tax collections : Moody’s
  • Auditors raise guard on corporate breaches. Quit for violations
  • Petrol down by 7 paise and diesel by 5 paise per litre – Great relief!
  • NCLAT admits JAL plea against NCLT order
  • No One is ready to touch sick Air India- No bids till last day.
  • Sugar crisis : 30 Lakh tons buffer stocks soon says Paswan, Minister
  • 8 infra sectors record growth of 4.7 % in April
  • Non food credit growth rises to 10.7 % for April: RBI
  • Centre’s FY18 fiscal deficit at 3.53 % , a tad higher than estimates
  • All States on E-Way bill route by June 3rd
  • As Power Ministry seeks to make green retrofitting cost a ‘pass on’, tariffs to rise
  • Livestock farmers cry over import of processed chicken legs from US
  • Maharashtra Ties up with Tata Motors, M & M to deploy 1000 e- vehicles.
  • SAIL records profit for 2nd straight quarter.
  • German major Freudenberg invests Rs 210 cr in Chennai unit
  • Cyrus raises concerns over credibility of Tata Trusts’ top functionary
  • Azure power raises $ 135 m from IFC and EU banks
  • Govt may have to sweeten the deal for Maharaja Stake sale.
  • Air Asia: ED set to file case under PMLA
  • Warburg buys legal & General’s 26 % in India First Life for Rs 710 cr
  • India may reach out to European countries for Iran oil trade.
  • RBI decides to bring parity among NBFCs next year.
  • FB’s WhatsApp to launch digital payments service in India. IT Min. Probes.
  • Govt shelves new RTI rules after flak
  • Air Asia, other frauds legacy issues being cleansed
  • Govt fights back as NCCF brass strips it of control
  • Samsung India hits Rs 50 K cr milestone in FY 17
  • Coolpad open to taking Xiaomi to court in India
  • Maruti aims to sell over 2 lakh units with AGS Tech
  • Canon India announces Rayo mini projectors in India
  • Toyota domestic sales up 20 % to 13113 units in May
  • Apple is set to unveil software that helps cure iPhone addiction
  • Pine gets $ 125 m from PayPal and Tema
  • CoinTribe gets $ 10 m in series B
  • PhonePe scores $ 20 b annualised gross transaction run rate.
  • Amazon seller services losses zoom 31 % in FY 17
  • Alibaba wants to cash in on online payments
  • Flipkart internet trims losses by a third in FY 17

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