Saturday, 4 August 2018

Current Affairs on August 4th 2018

Today's Headlines from www:

*Economic Times*

📝 Uday Kotak trims stake in Kotak Mahindra Bank to 19.70 per cent

📝 Twenty 14 Holdings to invest Rs 750 crore in hotels in India

📝 Rupay card, BHIM users to soon get cashbacks for digital payments under GST

📝 Berger Paints lines up Rs 280 crore capex by 2021

📝 TRAI favours net zero imports of telecom equipment by 2022; Rs 1,000 crore fund to push manufacturing

📝 Tata Motors hopeful of JLR returning to profitability soon

📝 Manpasand to invest Rs 1,500cr to set up 10 new plants by 2020

📝 Tata, Dabur among suitors for Kraft Heinz's Complan brand

*Business Standard*

📝 SC allows RCom to sell telecom assets worth Rs 181 billion to Reliance Jio

📝 Worth $1.02 trillion, one Apple equals India's top 50 firms put together

📝 Adani Group, Indian Oil win big in bidding for city gas distribution

📝 Services sector grows fastest since October 2016 to 54.2 in July: PMI

📝 Govt achieves target of 50-mn free LPG connections 8-months before schedule

📝 BSE Q1 net profit up 4% to Rs 515 mn; bourse to focus on next-gen products

📝 RBI rate hikes likely to cause bump in small savings interest rates

*Financial Express*

📝 Home sales in top seven cities up 25% in H1 of 2018 on consumer confidence: Report

📝 Bank of Maharashtra net loss up 2.7 times on provisioning

📝 Committed to meeting Ebit margin of 4-7% between FY19 and FY21: Tata Motors

📝 Monsoon to be normal in August-September, says IMD

📝 US job growth slows in July, unemployment rate dips

📝 Revenue collections may fall due to GST rate cut, says Sushil Modi

*Mint*

📝 Over 2 lakh shell companies to be struck off from records in FY19

📝 China unveils retaliatory tariffs on $60 billion of US goods in latest salvo

📝 HDFC Bank raises ₹15,151 crore from domestic, overseas market

📝 SAIL Q1 net profit at ₹540 crore

📝 Nestle India profit jumps 50% in June quarter on lower input cost

📝 Constellation to buy Medall for $212 million

📝 Titan Q1 profit surges 30% to Rs 349.17 crore.

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