Saturday, 25 August 2018

Current Affairs on August 25th 2018

Today's Headlines from www:

*Economic Times*

📝 Forex reserve drops by $33.2 million to $400.84 billion

📝 Dewan Housing plans to raise Rs 2,000 crore by NCDs

📝 Nearly 1.2 crore jobs created in 10 months till June: CSO report

📝 Government may force automakers to use 70 per cent galvanised steel in car body

📝 Improve governance practices or perish: RBI to UCBs

📝 Railways to replace loss making AC II-tier coaches in premium trains with AC-III



📝 Gillette net profit drops 8 per cent to Rs 34.62 crore in April-June

📝 GVK invites bids for engineering, construction at planned Navi Mumbai airport

*Business Standard*

📝 RCom gets relief from overseas bondholders; plan cleared for a 42% haircut

📝 BIAL plan to raise Rs 70 bn in debt from banks to fund expansion plan

📝 Ashok Leyland bags order to supply Tracked Combat Vehicle to armed forces

📝 Vedanta to invest $8 billion in 3 years, eyes 50% growth: Navin Agarwal

📝 Motilal Oswal takes charge of Aspire amid talks of rift among co-founders

📝 Sebi wants mutual fund industry to highlight short-term risks better

📝 5G launch in India likely by 2020, economic impact of $1 trillion by 2035

*Financial Express*

📝 SECI may cut 2.5 GW hybrid project capacity to 1,200 MW

📝 Maharashtra discoms buy most RECs

📝 Fortis, RHT extend last date for acquisition of latter’s assets

📝 IndiGo, GoAir ground 9 A320 neos on engine woes: DGCA

📝 MEP Infrastructure hopes to improve operating margins

📝 Textile exports turn around in July, see positive momentum on measures taken by government

📝 India, China to have new defence MoU

*Mint*

📝 ONGC now looks to HPCL to fuel retail expansion plans

📝 NRL posts highest-ever turnover of ₹15,923 crore in FY’18

📝 PowerGrid seeks shareholders’ nod for raising ₹20,000 crore

📝 LIC Housing Finance Q1 net profit rises 18% to ₹568 crore

📝 Manpasand Beverages sets up ₹180 crore facility in Varanasi

📝 Fincare raises ₹95 crore from existing investors

📝 SBI nears resolution of ₹17,000 crore bad loans in power sector

📝 Ad spends in telecom, consumer foods, personal products dip.

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