30th  Aug  2018

• Centre asks RBI to identify PSBs for merger
• After bad loans, RBI flags rise in Bank frauds too.
• Much DeMo about nothing: Close to 99.4 % of scrapped notes returned to Banks
• Walmart eyes on ‘start-ups’ and hire best minds thro’ ‘AcquiHiring” route
• Varnished Currency notes to improve life—RBI proposes
• M7M seeks injunction against Fiat’s complaint in US
• NCLAT admits Mistry’s plea against NCLT order upholding his removal
• Cabinet approves 2 % hike in DA for central govt staff, pensioners
• Nod for IRDAI’s pact with US insurance regulator.
• Adani completes acquisition of RInfra’s power businesses; will retail electricity in Maha’ state
• Paper industry upbeat on demand growth: expansion likely soon
• Lanco Babandh faces insolvency proceedings: NCLT appoints IRP
• In acquisition mode, NTPC scrutinising power projects, including stressed assets
• Nalco declares record dividend @114 % as net profit doubles
• Dollar demand, trade deficit drag rupee: Surging oil, fallin Re. temporary
• Disclose info. On wilful defaulters of over Rs 50 cr loans: CIC to FinMin, RBI
• To reduce debt, ILFS to go for Rs 4500 cr rights issue, divest assets
• Aditya Birla forms JV with Varde partners to invest $ 1 Bn in stressed assets
• Nirav strategy: Diamonds non-existent or were round tripped
• Pricol to invest Rs 225 Cr in expansion, new units
• Mazagon Dock eyes capacity expansion, portfolio diversification
• Vedanta gets Rs 975 Cr penal notice on mining royalty dues
• RBI’s surplus transfer to centre up 63 %
• To prevent default, lenders must be proactive in monitoring credit: RBI
• RBI fire-fights to protect capital outflows
• Cyber ins. Gaining traction beyond the BFSI sector
• Money from Creditors, payment by Saudi Telecom keep Aircel ringing
• Rupee dives 49 P to end at fresh lifetime low of 70.59 vs U S $
• Racing to the 40,000 point mark- Sensex has blown past other major benchmarks
• India expects clarity on Iran oil cut after U S Meeting
• India posts Payments bank’s spending raised by 80 %
• India may breach 3.3% Fiscal deficit target says Moody’s
• Keral Floods: Ins claims mount-more than 11000 claims worth Rs 1200 cr filed
• AI disinvestment will not happen in near future: Govt official to Parl. panel
• Jain Irrigation bags Rs 127 Cr contract from Rwanda Govt