Domestic News
- Government may soon come out with a one-time settlement for minor and non-serious company law offences.
- Government says that new higher tariffs against some goods imported from the US will go into force on September 18.
- Government is planning to reduce its stake further in New India Assurance and GIC Re with offers for sale later this year.
- India plans to delay the imposition of retaliatory duties on US goods to allow time to resolve disputes that worsened after President Donald Trump imposed tariff hikes on steel and aluminum.
- India’s Nikkei services purchasing managers’ index (PMI) rose from 52.6 in June to 54.2 in July, while composite PMI rose from 53.3 in June to 54.1 in July.
- According to SEBI data, funds mobilised by Indian firms through issuance of shares to institutional investors plunged by 85% to nearly Rs 4100 cr during the first quarter of the current fiscal in comparison to the year-ago period.
- SEBI does away with the category of sub-brokers as intermediaries.
- BSE's MF platform registers transaction worth over Rs 50,000 crore in April-July
- BSE net up 4% in June quarter
- NSE plans to go in for a re-branding exercise.
- Goods and Services Tax (GST) Council approves a pilot project to give incentives for digital payments and set up a panel to look into the issues faced by medium and small enterprises.
- Sensex on a tear, vaults to 38,000 mark.
- SBI and Reliance Jio, which are partners in a payment bank venture, extend the same to the digital payments space. .
- IDFC is in talks with Avendus Capital to sell its broking and asset management business.
- International Finance Corporation to invest Rs 160 cr in Mahindra Rural Housing Finance.
- Oriental Bank of Commerce plans to bring in an advisor to sell its equity stake in 30-40 listed as well as unlisted companies acquired under the Strategic Debt Restructuring (SDR) package.
- Oriental Bank invites iBankers to sell shares acquired through SDR
- Bank Nifty options of August 9 expiry catch attention
- Indian Oil Corporation plans to invest Rs 1.75 lakh cr to nearly double refinery capacity, boost petrochemical production, expand gas business and lay new pipelines.
- Confidence Petroleum India raises funds through private placement
- National Highways Authority of India signs an agreement with SBI for raising a loan of Rs 25000 cr for 10 years.
- NBCC (India) wins a Rs 400 cr project to construct the India Pavilion at Dubai World Expo 2020. .
- Ceat plans to invest around Rs 2000 cr over the next 3-5 years on setting up a new manufacturing facility in Chennai
- Apollo Tyres net up three-fold at Rs 252 cr in Q1
- Ashok Leyland sales up 27%
- Cipla’s Uganda arm Cipla Quality Chemical Industries plans an IPO and a listing on the East African country’s stock exchange.
- Wipro settles National Grid lawsuit for $75 million.
- After IKEA, Danube Group may set up base in Hyderabad.
- Amazon invests Rs 2,700 cr in India operations.
- Britannia announces share split, Rs 720-crore bonus debentures
- Amara Raja Batteries gets board nod for Rs 700 cr greenfield automotive battery plan
- Manpasand Beverages plans a Rs 1500 cr expansion plan.
- Rajesh Exports bags an order for gold and diamond jewellery valued at Rs 892 cr from a wholesaler and stockist of the Middle East.
- Twenty14 Holdings to invest Rs 750 cr in India for developing four properties.
- Constellation Alpha Capital to acquire Medall Healthcare for Rs 1450 cr.
- GRT Hotels & Resorts plans to invest Rs 900 cr to open nine new hotels in the South by 2025.
- Dilip Buildcon emerges as the lowest bidder for a Rs 717 cr mining project in Madhya Pradesh.
- Hindustan Copper plans a Qualified Institutional Placement (QIP) to fund Rs 5500 cr expansion
Last Updated: 15t August 2018
Next Update On: 31st August 2018
Update Frequency: Once Every Fortnight
