Wednesday, 1 August 2018

Current affairs on August 1st 2018

Today's Headlines from www:

*Economic Times*

📝 NHAI secures Rs 25,000-crore loan from state bank

📝 LPG price hiked by Rs 1.76 per cylinder

📝 GST evasion worth Rs 3,026 crore detected in 1 year: Government

📝 RIL pips TCS to become most valuable company on D-Street

📝 Hathway promoters to infuse Rs 350 crore in company

📝 Taiwanese company CPC Corp proposes $6.6 billion investment in India

📝 Tata Motors to stop manufacturing operations in Thailand

📝 Balance sheets of external sector, banks need greater focus of government: Report

*Business Standard*

📝 RIL wins arbitration case against govt's claim of illegal gas production

📝 JLR drives Tata Motors into 10 year-high loss of Rs 18.6 bn in June quarter

📝 Mahindra Group subsidiaries turn to analytics for better performance

📝 Bank of India Q1 net profit rises 8% to Rs 951 million, stock falls 8.75%

📝 IBC ordinance not aimed at favouring any corporate house: Piyush Goyal

📝 Monsoon deficiency at 5% in June, 6% in July but situation not alarming

📝 PSBs earn Rs 33 bn from customer charges in past 4 yrs: Shiv Pratap Shukla

*Financial Express*

📝 Investment in roads, renewables: Piramal Capital in talks to raise $550 million

📝 Axis Bank puts loans worth Rs 1,062 cr on sale

📝 SBI General Insurance Q1 profit doubles to Rs 113 cr

📝 Jindal Steel and Power wins 20% of Rs 2,500-crore global rail tender

📝 Banks’ bad loans surge to Rs 9.61 lakh cr by FY18: Government

📝 Government seeks Parliament's nod for Rs 11,698 cr additional expenditure

📝 Freshworks raises $100 million in funding led by Accel, Sequoia

*Mint*

📝 SBI to restructure its investment banking arm SBI Capital Markets

📝 TPG leads $100 million funding in non-bank lender Five Star Business Finance

📝 Bharti Airtel partners Razorpay for UPI payments

📝 JK Paper Q1 profit rises 58% to ₹95.14 crore, sales climb 18%

📝 Dabur India Q1 profit up 25% to Rs330 crore

📝 India’s June infrastructure output growth hits 7 month high of 6.7%

📝 Edelweiss infra fund eyes Engie’s India solar business.

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