Saturday, 17 August 2019

Current affairs on 17.08.2019

Today's Headlines from www:

*Economic Times*

πŸ“ V-Bazaar aims Rs 750 cr turnover by 2021, to have 120 stores

πŸ“ Fitch downgrades Lodha bonds worth $325 million

πŸ“ YES Bank raises Rs 1,930 cr via QIP; CEO Ravneet Gill says funds to be used for growth

πŸ“ IIT Madras working on tech to produce power from estuaries

πŸ“ Sembcorp commissions 200 MW wind power project in Bhuj, sees rise in profitability

πŸ“ NMDC iron ore prices remain flat in Aug; output jumps 37% in July

πŸ“ Sundaram-Clayton, Hero MotoCorp announce temporary production shut down

 πŸ“ India needs $500-700 billion in renewable energy: IEEFA

*Business Standard*

πŸ“ ED unearths $400-million fund diversion at Religare Enterprises

πŸ“ Jet Airways creditors' claims balloon to Rs 30,558 cr as revival hopes fade

πŸ“ PSBs may ease credit access to automobile dealers to boost sales

πŸ“ State-run oil firms to deliver petrol at doorstep, expand diesel service

πŸ“ Govt to tighten noose on Chinese e-commerce players evading duties

πŸ“ Amtek Auto heads for liquidation; NCLAT clears the way for the process

πŸ“ Govt adopts a new approach to bring reforms in public sector banks

πŸ“ Fitch too downgrades Macrotech Developers on low liquidity concerns

*Financial Express*

πŸ“ Top executives of Apple, Samsung, Xiaomi to meet government on August 19

πŸ“ NBFC liquidity crunch to hit realty developers hardest

πŸ“ Delay in DHFL’s submission of unaudited Q1 results

πŸ“ IFIN drags SKIL infra to NCLT

πŸ“ Monsoon rage grounds CIAL’s business by Rs 70 crore

πŸ“ Sun Pharma gives licence to CMS for commercialization of 7 generic products in China

πŸ“ Economic slowdown: Govt weighs fiscal stimulus; package soon for companies, exporters

*Mint*

πŸ“ Sembcorp invests β‚Ή521 crore in Indian renewable business

πŸ“ IPOs likely to dry up as uncertainty rules Indian equity market

πŸ“ SpiceJet to launch 12 new domestic flights from October

πŸ“ Rupee settles 13 paise up at 71.14 against dollar despite outflows

πŸ“ Ujjivan Small Finance Bank files draft papers for β‚Ή1,200 crore IPO

πŸ“ NBCC not to invest any money in Amrapali stalled projects

πŸ“ India's forex reserves at new life-time high of $430.57 bn: RBI data

πŸ“ Fitch Ratings raises Reliance's outlook to positive

πŸ“ TRAI seeks relook at caps on channel discounts

πŸ“ RBI to cut interest rates by 40 basis points before this fiscal-end: Fitch

πŸ“ OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus.

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