Monday, 20 May 2019

Current affair s on 20.05.2019

Today's Headlines from www:

*Economic Times*

📝 India has a Rs 7,500 crore plan to become an AI powerhouse

📝 New vehicle for long-term infra finance on the anvil

📝 Not taxing e-transmissions costs India $500m annually

📝 CPRL reopens 13 McDonald's stores in Delhi NCR, others to follow soon

📝 Department of Telecom to soon settle merger/transfer of licences in M&As

📝 India needs a few mega banks to compete globally: CEA Krishnamurthy V Subramanian

📝 MCA sees Rs 2.8 lakh cr recovery from IBC-led resolution process

*Business Standard*

📝 RBI readies credit line rules for NBFCs, may seek views after poll results

📝 Skillmatics plans to grow brand globally, launch innovative products

📝 Slowdown in auto and white goods is visible: JSW Steel's Seshagiri Rao

📝 Tatas plan expansion, eye all-round play in India's FMCG sector

📝 Essar Steel's Ebitda during insolvency process at Rs 4,000 crore

📝 Biologics to boost Biocon business over the next 3 years, say analysts

📝 Oil India likely to exit US, Russia blocks; to stay in Venezuela

📝 CARE downgrades Reliance Capital bonds' rating from 'A' to 'BBB'

📝 Japan's ORIX Corp offers to match GAIL's bid for IL&FS Wind Energy

📝 British PM Theresa May to present 'new, bold offer' in Brexit Bill

*Financial Express*

📝 RBI's vision 2021 would trigger digital economy, instill confidence among general public, says fintech firms

📝 Big breakthrough by NASA; water found in the farthest world ever explored by humans

📝 Edelweiss Group’s NBFC arm ECL Finance raises Rs 300 crore via non-convertible debentures

📝 Elections, US-China trade war led Rs 6,399 withdrawal by FPIs in May so far

📝 Monsoon in India: Pre-season rainfall deficit drops to 22%

📝 Coal dispatches to power sector rises marginally to 40.7 MT in April

📝 Government turns to artificial intelligence for MCA 21 portal to ease compliance process

📝 IMFA posts loss of Rs 74 cr in January-March qtr

📝 Merger impact: BoB looks to rationalise 800-900 branches

*Mint*

📝 Coatue may lead $120 mn funding in Faasos parent

📝 TCS eyes double-digit growth in FY20, says COO Subramaniam

📝 Siemens’ realigned business focus is revving up order flows and margins

📝 Lenders of VOVL appoint Deloitte to find buyers for its overseas assets

📝 ONGC, GIP, Tripura govt look to buy IL&FS’s 26% stake in OTPC

📝 Life insurance industry to focus on millennials, digital-human interface

📝 NeSL offers IPs its platform to store data.

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