Front Page News
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Hollande speak: ‘India gave R-Defence name as Rafale partner’
Sushant Singh | September 22, 2018 3:32 AMFrancois Hollande has said Anil Ambani’s Reliance Defence was chosen as the offset partner by Dassault because the Indian government had “proposed” its name.
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Extreme volatility: Stocks fickle on Freaky Friday – NBFC, HFC shares tank on liquidity scare
FE Bureau and Agencies | September 22, 2018 3:26 AMNBFC, HFC shares tank on liquidity scare; Sensex regains some ground after over 1,000-point flash crash.
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Twin setback: Order, order! HC bar on IL&FS, CEO Bawa quits
Rouhan Sharma | September 22, 2018 3:18 AMIn a filing to the BSE late on Friday, IL&FS Financial Services said Ramesh C Bawa, managing director and chief executive officer of the “has tendered his resignation with effect from September 21, 2018”.
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A new pitch: Reliance, Star in a deal for cricket on Jio
FE Bureau | September 22, 2018 4:21 PMReliance Industries and Star India on Friday announced a five-year content syndication deal for the former’s video streaming platform JioTV.
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GST refunds: Already late, e-wallet to miss October deadline
Sumit Jha and Banikinkar Pattanayak | September 22, 2018 2:50 AMThe roll-out of an e-wallet mechanism for exporters under the goods and services tax (GST) regime may be delayed again beyond the proposed date of October 1, as the required systems are not yet in place, according to trade and official sources.
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US-China trade war: India’s cotton exports to China may see a fivefold jump
FE Bureau | September 22, 2018 2:44 AMIndian traders have already entered into a forward contract with Chinese buyers to deliver about 1.2 million bales between November and January.
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US Sanctions: India opening rupee window for Iran oil
FE Bureau | September 21, 2018 3:03 AMGadkari says payment mechanism in 8-10 days; analysts say imports from Iran this year may be far less than projected.
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September 29 AGM: IL&FS to seek reappointment of joint MD & CEO
Rouhan Sharma | September 21, 2018 2:55 AMThe board of directors of IL&FS will seek the reappointment of Arun Saha, joint MD and CEO of the group, for a further five years, till March 26, 2023, at the company’s forthcoming annual general meeting (AGM).
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Challenging times: JLR woes – Fitch revises outlook on Tata Motors
FE Bureau | September 21, 2018 2:46 AMIt said that free cash flow fell significantly in FY18 to negative 4.2% and will further decrease to around negative 6% in FY19.
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Fundraising: SBI raises $650 million via green bonds
FE Bureau | September 21, 2018 2:39 AMState Bank of India (SBI) on Wednesday raised $650 million through an issuance of green bonds.
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Oct-Dec quarter: Government raises small savings rates by 40 bps
FE Bureau | September 21, 2018 2:35 AMThe government on Thursday raised by up to 40 bps interest rates on various small savings schemes for the three months through December, compared with the September quarter, mirroring rising interest rates in bank deposits.
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Import curbs: Fresh push to gold schemes likely
Banikinkar Pattanayak | September 20, 2018 6:19 AMThe government is considering a multi-pronged approach to trim gold imports, which includes plans to make the monetisation scheme more attractive.
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Price support for pulses: Traders eye 40% windfall as govt sells in the depressed market
FE Bureau | September 20, 2018 6:23 AMNafed offloads old stocks of lentils at 15-20% losses, to purchase kharif 2018 crop shortly at much higher MSPs.
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Bhamashah: PSU insurer walks out due to breach of contract leading to huge frauds?
Chirag Madia | September 20, 2018 8:12 AMA near five-fold increase in claims since the current phase of Rajasthan’s Bhamashah insurance scheme amid allegations of large-scale fraud by hospitals, has resulted in PSU insurance firm The New India Assurance (NIA) Company walking out of the scheme.
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RBI move: Easier ECB norms may boost capital inflows
FE Bureau | September 20, 2018 5:53 AMThe Reserve Bank on Wednesday relaxed external commercial borrowing (ECB) norms for a certain category of firms and allowed Indian banks to market rupee-denominated (masala) bonds.
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Modicare: Premium to be capped at Rs 1,110
Prasanta Sahu | September 20, 2018 5:48 AMThe Centre will likely cap annual premium outgo for the ambitious Pradhan Mantri Jan Arogya Yojana (PM-JAY) at Rs 1,110/family, to provide Rs 5-lakh-a-year health cover to 10.74 crore households.
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Deal counter: Samara-Amazon combine acquires Aditya Birla’s More retail chain
FE Bureau | September 20, 2018 5:42 AMAmazon.com Inc and Indian private equity firm Samara Capital have bought Aditya Birla Group’s food and grocery retail chain ‘More’ for an enterprise value of around Rs 4,200 crore.
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July numbers: Reliance Jio displaces Vodafone as 2nd largest operator by subscribers
FE Bureau | September 19, 2018 6:08 AMReliance Jio displaced Vodafone India and Idea Cellular to emerge as the second largest telecom operator in terms of subscribers at the end of July.
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Sebi decisions: Relief for NRIs, cut in mutual fund costs
FE Bureau | September 19, 2018 6:02 AMThe Khan committee has suggested allowing non-resident Indians (NRIs), OCIs or overseas citizens of India and resident Indians to be allowed to hold non-controlling stake in FPIs.
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Consent plea? ICICI Bank, Chanda Kochhar hint at settlement
FE Bureau | September 19, 2018 5:40 AMThe Securities and Exchange Board of India (Sebi) on Tuesday said ICICI Bank and its managing director and chief executive officer Chanda Kochhar have indicated they would like to settle by consent the matter of loans extended to the Venugopal Dhoot-promoted Videocon Group.
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US tariff on metals: India defers response on trade deal hopes
FE Bureau | September 19, 2018 5:31 AMNew Delhi’s decision to defer tit-for-tat action through a midnight notification on Monday comes at a time when both the countries are engaged in serious trade negotiations.
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RHC holdings case: Daiichi moves NCLT seeking stay on insolvency proceedings
FE Bureau | September 19, 2018 5:32 AMJapanese drug major Daiichi Sankyo on Tuesday moved the National Company Law Tribunal (NCLT) to stay the insolvency proceedings against RHC Holding initiated by HDFC Bank.
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Whopping Rs 3,463 crore! Flipkart Marketplace invests in Indian arm
Anushree Bhattacharyya | September 19, 2018 11:08 AMSingapore-based Flipkart Marketplace has infused Rs 3,463 crore into the Indian entity Flipkart Internet in two tranches, according to regulatory filings sourced by data intelligence platform Paper.vc.
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Consolidation: Modi government to merge Dena Bank, Bank of Baroda and Vijaya Bank
FE Bureau | September 18, 2018 5:12 PMCombined entity to be the country’s third-largest lender, other two strong enough to absorb Dena’s PCA shock.
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A less rosy view: Goldman cuts India weight
FE Bureau | September 18, 2018 5:59 AMDowngrades to market weight from overweight citing macro headwinds.
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2017-18 reading: Household debt almost doubles
Shritama Bose | September 18, 2018 5:53 AMThe indebtedness of Indian households nearly doubled in the year to March 2018, with their financial liabilities rising 80% to Rs 6.74 lakh crore.
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Low procurement: Early kharif crop prices below support price levels
FE Bureau | September 18, 2018 5:41 AMEarly market trends as the kharif 2018 crop has started arriving confirm the fears that the price support schemes unveiled by the central government could cost the exchequer much more than conservative estimates and outlays.
Horoscope: By Peter Vidal
SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more
