Friday, 5 July 2019

Current affair s on 05.07.2019

Today's Headlines from www:

*Economic Times*

πŸ“ Unshackle MSMEs to create 55-60L jobs a year for next decade

πŸ“ Brickwork Ratings cuts outlook on Edelweiss’ NCDs to negative

πŸ“ Kalpataru seeks shareholders' nod to raise borrowing limit to Rs 12,000 cr from Rs 10,000 cr

πŸ“ Indian pharma industry to grow at 11-13 pc in FY2020: Icra

πŸ“ Govt working out package for BSNL to make it more productive: Ravi Shankar Prasad

πŸ“ Hardcastle eyes Rs 2,500cr topline, 400 McDonald's stores by 2022

πŸ“ Govt mulling ban on petrol, CNG two and three-wheelers: Nitin Gadkari

*Business Standard*

πŸ“ Govt orders probe into grounded Jet Airways, SFIO summons Naresh Goyal

πŸ“ Ola expands global footprint, gets London licence to take on Uber

πŸ“ Bank of Baroda begins post-merger innings on a strong wicket; stock rises

πŸ“ Essel group's plan to acquire 62% stake in LKP Finance dealt a blow

πŸ“ YES Bank acquires 9.47% stake in Eveready by invoking pledged shares

πŸ“ IT firms may log muted growth in Q1, see 50-160 bps decline in margins

πŸ“ Ambuja Cement scouts for buys in ready-mix concrete to fuel growth

πŸ“ 8% annual growth needed for GDP to touch $5 trn by FY25: Economic Survey

πŸ“ Srei to merge all its lending biz in a bid to become a universal bank

πŸ“ IndiaMART InterMESH ends debut session with 34% gain over issue price

πŸ“ RBI, banks begin holding company model talks; norms to be finalised by Sept

πŸ“ Federal Bank Q4 net jumps two-fold to Rs 381 cr on higher interest income

*Financial Express*

πŸ“ Bulk tea producers to feel tepid price pressure: Icra

πŸ“ Non-food credit falls to 11.p8%, lowest in 14 months

πŸ“ Dubai woos Indian fintech start-ups with $100 million fund

πŸ“ Sikka group raises Rs 130 crore from NBFC to complete Noida housing project

πŸ“ China says existing US tariffs must be removed for a trade deal

πŸ“ IMF board approves $6 billion loan package for Pakistan

πŸ“ REC board to consider proposal to raise Rs 75,000 cr via bonds

*Mint*

πŸ“ Lok Sabha passes bill allowing voluntary use of Aadhaar

πŸ“ Energean to buy EDF arm for up to $850 million

πŸ“ Cash-strapped Dewan Housing seeks β‚Ή1,500 crore in fresh loans every month

πŸ“ US drags India to WTO over duty hike on 28 American goods

πŸ“ Pakistan airspace closure costs over β‚Ή548 crore to Indian airlines

πŸ“ India's first highway corridors for e-vehicles expected by March 2020

πŸ“ Rainfall deficit comes down to 27%, but water storage in reservoirs remains low

πŸ“ FY19 gross tax to GDP ratio dips to 10.9% on shortfall in indirect tax revenue

πŸ“ Banks see whopping 73% spike in frauds at β‚Ή71,543 cr in FY19: RBI official

πŸ“ L&T Finance unit to raise $550 million in IFC-led investment round.

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