Tuesday, 28 August 2018

Current Affairs on August 28th 2018

Today's Headlines from www:

*Economic Times*

📝 Tata Steel on a gender-diversity drive, aims to have 20% female staff in 5 years

📝 Rupee dives to new closing low of 70.16 vs dollar

📝 Berkshire confirms investment in Paytm; Buffett not involved

📝 CP issuance hits all-time high of Rs 4.92L cr in Q1: Icra

📝 Union steel ministry launches Corporate Sports Policy for CPSEs

📝 Suresh Prabhu asks traders to carve out plans for 20% growth in exports

📝 JNPT, Railways & states to sign MoU for Rs 8,574 crore rail project

📝 SHRI group to invest Rs 600 crore on new affordable housing project in Greater Noida

*Business Standard*

📝 Sensex extends record run; Fed says policy tightening pace will be gradual

📝 Total to exit from Hazira LNG venture; to sell 26% stake to Shell

📝 Gautam Adani's energy unit set to acquire GMR thermal power plant

📝 NMDC increases price of lump ore, iron ore fines by Rs 150 a tonne

📝 SBI changes names, IFSC codes of nearly 1,300 branches post merger

📝 India approves use of drones; puts restrictions on delivery of goods, food

📝 Diesel at record high of Rs 69.46 a litre, petrol inches towards Rs 78 mark

*Financial Express*

📝 Banks get 15-day window to resolve stressed assets

📝 SBI plans to divest up to 4% in SBI General Insurance ahead of IPO

📝 China cuts steel exports to India, may target domestic market for growth

📝 Kerala deluge may shave off 2.2% of state GDP, push up fiscal deficit to 5.4%

📝 FDI growth up 23 percent in April-June quarter this fiscal

📝 Japan’s Rakuten details plan to fight back against Amazon, SoftBank

📝 Turkey’s battered lira tumbles again over outlook fears

*Mint*

📝 Jet Airways drafts revival plan after ₹1,323 crore Q1 loss

📝 Shell Gas to acquire Total’s 26% stake in Hazira LNG and Port

📝 SBI seeks to sell other banks’ exposures in Bombay Rayon

📝 KKR to bail out JBF Industries, will buy its petrochemical unit

📝 AION Cap targets $1 billion corpus for new fund

📝 Cap independent directors’ pay from a company to 20%: Govt panel

📝 US, Mexico reach trade deal as Canada may rejoin Nafta talks.

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