Domestic News
- Government proposes the merger of Bank of Baroda, Vijaya Bank and Dena Bank.
- Government exempts interest payment on debt raised through offshore rupee denominated bonds from tax, in an attempt to improve capital inflow and help the domestic currency strengthen against the US dollar.
- Government to further extend the deadline for the imposition of higher customs duties on 29 products, including almond, walnut and pulses, imported from the US.
- Government may take certain policy measures to curb high gold imports instead of raising customs duty on the precious metal.
- Government to soon initiate "data analysis" to weed out dummy holders of director identification numbers after just over 1.2 mn individuals complied with the KYC requirements within the stipulated deadline.
- Government announces a series of measures including curbing non-essential imports and incentivizing exports.
- Government to soon initiate the strategic sale process for four subsidiaries of Air India.
- India’s inflation based on wholesale prices eased to a four-month low of 4.53% in August from 5.09% in July and 3.24% in August last year, on softening of prices of food articles, especially vegetables.
- India’s forex reserves fell $820 mn in the week to September 7 to $399.28 bn.
- Finance Minister says government will maintain the fiscal deficit target of 3.3% of GDP as estimated in the Budget.
- Finance Ministry reinstates the safeguard duty on imported solar modules.
- RBI to buy G-Secs for Rs. 10,000 crore via open market ops on September 19
- SEBI revises the regulations for share buyback to provide more clarity on the requirement to make public announcements.
- SEBI says credit rating agencies (CRAs) should not carry out any activity other than the rating of securities offered through public or rights issues.
- According to SEBI data, capital put in by alternative investment funds (AIFs) has risen to nearly Rs 75,000 cr at the end of the April-June quarter of the current fiscal year, a surge of 90% from the year-ago period.
- Market players seek clarity on SEBI’s stand on ‘self-trade’
- Investments in Indian PE sector touches $1.6 billion in August
- Investor wealth zooms Rs 12 lakh cr so far in FY19
- Syndicate Bank to raise up to Rs. 250 cr via employee stock purchase scheme.
- IL&FS staring at more defaults; SIDBI seeks plan for repayment.
- Bank of India looks to raise about Rs 1000 cr through selling stake in some of its non-core assets and real estate properties.
- Cholamandalam Investment and Finance Company secures over Rs 1000 cr funding from Asian Development Bank by issuing bonds to the multi-lateral funding agency.
- Yes Bank to raise up to Rs 3042 cr by issuing bonds to comply with Basel-III norms.
- Motilal Oswal Real Estate raises Rs 575 cr for its fourth realty fund.
- Ola raises $50 mn from new Chinese investors at $4.3 bn valuation.
- Docprime.com receives an initial internal funding of $50 mn from the parent company.
- Flipkart is in talks to buy a stake in Star India's video streaming service Hotstar.
- HCL Technologies’ Rs 4000 cr buyback offer opens on September 18 and will close on October 3.
- Aditya Birla Finance to enter into healthcare financing.
- Infosys to buy Fluido for 65 mn euros, increase presence in Nordics region.
- Hindalco to invest Rs 3600 cr in Gujarat for extrusion and recycling plants.
- BPCL shelves its IPO plans for Bina Refinery.
- HCC files draft letter of offer with SEBI for a rights issue of up to Rs 500 cr.
- Hinduja Leyland Finance hits the IPO highway with global roadshows.
- Godrej Consumer’s board committee approves allotment of one bonus equity share for every two equity shares held by company shareholders.
- After buying Saudi’s Flyin, Cleartrip looks to expand West Asia business
- Pulp sector is no ‘paper tiger’ on sustainability
- BPCL preparing blueprint for petrochemicals venture
- Tata Sky to stop telecastingTV18 channels from Sept 24
- Online lending platform Kissht raises $30 mn in Series C funding.
- PFC hopeful of resolving eight stressed assets by November.
- E-bicycle start-up launches premium segment model, Coppernicus T3.
Last Updated: 15th September 2018
Next Update On: 30th September 2018
Update Frequency: Once Every Fortnight
