Domestic News
- Government proposes a new financial model for building greenfield airports.
- India's annual rate of inflation based on wholesale prices eased to 5.09% in July from a four-year high of 5.77% in June.
- India’s exports rose 14.32% year-on-year in July at $25.77 bn while imports rose 28.8% to $43.79 bn, resulting in a trade deficit of $18.02 bn.
- According to an FICCI survey, the Indian economy is expected to grow at 7.4% in the current fiscal, higher than the previous year.
- Prime Minister Narendra Modi says that the government will launch Ayushman Bharat-National Health Protection Mission on September 25 this year.
- Home Ministry notifies rules relating to cash loading of ATMs and cash transportation.
- Finance ministry proposes amendments in the Income Tax rules for obtaining 'no deduction of tax' certificate electronically, a move aimed at minimizing human interface and reducing compliance burden.
- Finance Minister Arun Jaitley says India is likely to surpass the UK to become the world's fifth largest economy next year on growing consumption and strong economic activity.
- Finance Minister Arun Jaitley says the demonetization led to the formalization of the economy, more tax collection and higher growth.
- According to AMFI data, retail investors are increasingly opting for systematic investment plans (SIPs) in mutual funds as the industry garnered Rs 7554 cr through this route in July, a surge of 53% from the year-ago period.
- National Company Law Appellate Tribunal (NCLAT) grants a stay on the liquidation order passed against insolvent firm Jyoti Structures.
- National Green Tribunal (NGT) says an independent judicial committee will decide in about six weeks whether to allow Vedanta to reopen its copper smelter, which was shut by the Tamil Nadu government on environmental grounds.
- Route Mobile gets SEBI’s nod to raise about Rs 600 cr through an IPO.
- Biscuit maker Mrs Bectors Food Specialities files draft papers with SEBI to raise about Rs 800 cr through an IPO.
- SEBI may form a framework for timely and detailed disclosures of loan defaults by listed entities to enhance transparency.
- BSE to introduce futures and options contracts on Bharat-22 index from September 3.
- NSE to conduct a mock trading session in commodity derivatives segment on September 1.
- LKP Finance gets RBI’s nod for the proposed sale of up to 62% of its equity shareholding to Dakshin Mercantile Pvt. Ltd.
- Sundaram BNP Paribas plans to raise Rs 3500 cr in the current fiscal.
- Aditya Birla forms JV with Varde Partners to invest $1 billion in stressed assets
- To reduce debt, IL&FS to go for Rs 4,500-cr rights issue, divest assets
- Jet Airways looks to raise nearly $150 mn via promoter share pledges; also approaches a consortium of lenders led by SBI to raise Rs 5000 cr to pay part of its debt.
- Elara Technologies raises $35 mn in debt financing from Citi Singapore.
- Capital Float buys personal finance management startup Walnut for $30 mn.
- Ola starts UK operations with Wales, plans nationwide launch by end of 2018.
- Flipkart is in talks to buy Liv.ai for $40 mn.
- PNC Infratech wins a contract worth around Rs 2000 cr from Maharashtra State Road Development Corporation.
- Dilip Buildcon bags an order worth Rs 1698 cr by the Maharashtra State Road Development Corporation.
- Rural Electrification Corporation signs a loan agreement with German KfW for a 200 mn euro facility.
- JSW Energy increases its bid for Prayagraj Power Generation to about Rs 6200 cr from its earlier bid of Rs 5890 cr.
- Mytrah Energy may repay the $277 mn debt it had raised from the Piramal Group.
- Hathway Cable and Datacom raises Rs 100 cr though allotment of equity shares to a promoter group entity on a preferential basis
- JSW Energy pips Tata Power JV in race for Prayagraj Power
- Tata Power commissions world’s largest solar rooftop project on a cricket stadium
- Timken India completes the acquisition of ABC Bearings Ltd.
- JSW Steel increases its offer for Bhushan Power & Steel to Rs 19500 cr.
- Jindal Stainless plans major ramp-up of Odisha facility
- HPCL to invest Rs 75000 cr to expand refining capacity, pipelines, LNG terminal.
- ITI receives an advance work order (AWO) worth of Rs 6634 cr from BSNL.
- With 18 multi-lingual originals, VOOT in major OTT play
- Fortis Healthcare’s shareholders approve its proposed $1 bn deal with IHH Bhd.
- Blackstone Group is in talks to acquire a stake in the frequent-flier loyalty programme of Jet Airways.
- Blackstone is looking to file offer document for its real estate investment trust (REIT) in a week or two.
- Allcargo Logistics is in talks to acquire a controlling stake in logistics company Gati.
- Fitch Ratings says the impact of the sharp fall in the rupee is likely to be limited on India's sovereign ratings.
Last Updated: 31th August 2018
Next Update On: 15st September 2018
Update Frequency: Once Every Fortnight
