Saturday, 25 August 2018

Current Affairs on August 25th 2018

Today's Headlines from www:

*Economic Times*

πŸ“ Forex reserve drops by $33.2 million to $400.84 billion

πŸ“ Dewan Housing plans to raise Rs 2,000 crore by NCDs

πŸ“ Nearly 1.2 crore jobs created in 10 months till June: CSO report

πŸ“ Government may force automakers to use 70 per cent galvanised steel in car body

πŸ“ Improve governance practices or perish: RBI to UCBs

πŸ“ Railways to replace loss making AC II-tier coaches in premium trains with AC-III



πŸ“ Gillette net profit drops 8 per cent to Rs 34.62 crore in April-June

πŸ“ GVK invites bids for engineering, construction at planned Navi Mumbai airport

*Business Standard*

πŸ“ RCom gets relief from overseas bondholders; plan cleared for a 42% haircut

πŸ“ BIAL plan to raise Rs 70 bn in debt from banks to fund expansion plan

πŸ“ Ashok Leyland bags order to supply Tracked Combat Vehicle to armed forces

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

πŸ“ Motilal Oswal takes charge of Aspire amid talks of rift among co-founders

πŸ“ Sebi wants mutual fund industry to highlight short-term risks better

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

*Financial Express*

πŸ“ SECI may cut 2.5 GW hybrid project capacity to 1,200 MW

πŸ“ Maharashtra discoms buy most RECs

πŸ“ Fortis, RHT extend last date for acquisition of latter’s assets

πŸ“ IndiGo, GoAir ground 9 A320 neos on engine woes: DGCA

πŸ“ MEP Infrastructure hopes to improve operating margins

πŸ“ Textile exports turn around in July, see positive momentum on measures taken by government

πŸ“ India, China to have new defence MoU

*Mint*

πŸ“ ONGC now looks to HPCL to fuel retail expansion plans

πŸ“ NRL posts highest-ever turnover of β‚Ή15,923 crore in FY’18

πŸ“ PowerGrid seeks shareholders’ nod for raising β‚Ή20,000 crore

πŸ“ LIC Housing Finance Q1 net profit rises 18% to β‚Ή568 crore

πŸ“ Manpasand Beverages sets up β‚Ή180 crore facility in Varanasi

πŸ“ Fincare raises β‚Ή95 crore from existing investors

πŸ“ SBI nears resolution of β‚Ή17,000 crore bad loans in power sector

πŸ“ Ad spends in telecom, consumer foods, personal products dip.

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