Monday, 25 June 2018

Current Affairs on June 25th 2018

Today's Headlines

*Economic Times*

📝 JPMorgan to sell $203-million stake in Saudi Arabia bank

📝 Lupin to launch nearly 30 products in US market in FY18

📝 First-time entrepreneurs propel Indian franchise business; industry pegged at $150 bn in 5 years

📝 IFCI to raise Rs 3,000 crore from debt to fund business growth



📝 Bain Capital looks to step up distress game, plans new India team

📝 Solar companies fear being eclipsed by foreign biggies

📝 Asian Paints to invest Rs 4,000-cr this fiscal

*Business Standard*

📝 Tata Steel to seek approval from shareholders for Rs 120-billion NCD issue

📝 Logistics solutions provider Locus targets two million orders a day by 2019

📝 Idea-Voda merger likely to get delayed over DoT's fresh demand of Rs 47 bn

📝 Bosch and Siemens to repeat its success in Indian consumer durable market

📝 E-tailers investing in AI, robotics to identify fraud, reduce cost: Report

📝 Govt to improve norms for auditors, corp professionals: P P Chaudhary

📝 China, India and South Korea see wealth erosion of $1.4 trillion in 2018

*Financial Express*

📝 Cloud computing: Google cloud finds new takers in India

📝 Aadhar Housing Finance expects loan portfolio to grow by 65% this fiscal

📝 Revenue from e-commerce in India to touch $52 billion by 2022, says report

📝 Bilaspur-Manali-Leh rail line to be highest in the world, overtaking China’s Qinghai-Tibet Railway

📝 FIFA World Cup 2018 impact: From Sony to Samsung, television sales spike

*Mint*

📝 Govt may double minimum pension for organized sector employees

📝 Hero Cycles plans ₹ 250 crore investment for Punjab factory

📝 Flipkart eyeing 65% growth in online fashion retail in 2018-19

📝 Carlyle Group’s Asia fund looks at distressed asset deals in India

📝 Reliance may extend ₹ 750 crore loan to Indian Film Combine

📝 India seeks $2.4 billion funding from AIIB

📝 Government defers auction for 60 oil and gas fields by a month.

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