IIBF & NISM Adda: Current Affairs

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Sunday, 22 March 2020

New All IIBF Certifications PDFs in single link 2020-2021

Friday, 5 July 2019

Highlights of Union Budget for 2019-20

Highlights of Union Budget for 2019-20

10 POINTS OF VISION
* Building social infrastructure among 10 points of vision
* Building pollution-free environment among 10 points of vision
* Digital India in every sector among 10 points of vision
* Make in India with stress on MSME in 10 points of vision
* Water management, clean rivers among 10 points of vision
* Export of food grain in 10 points of vision
* Ayushman Bharat, clean India among 10 points of vision
* Space programmes, safety of citizen in 10 points of vision

GROWTH, INFLATION
* Well within capacity to reach $5-trln economy in few years
* India to become $3-trln economy in FY20
* India now 6th largest economy vs 11th five years ago

REFORMS
* Need to continue undertaking structural reforms
* Need to continue structural reforms to reach $5-trln aim
* Need to invest in job creation in MSMEs
* Need to invest heavily in digital India, job creation
* $5-trln economy target is imminently achievable
* "Gone are the days of policy paralysis"
* Wish to propose many initiatives to kick-start growth
* Reforms needed in power tariffs
* To soon announce policy package for power tariffs
* Model tenancy law to soon be finalised
* Propose several reform measures for rental housing
* PPP to fast develop track, rolling stock, freight svcs
* To have blueprint for water grids, gas grids, airways
* Examining performance of UDAY scheme
* One nation, one grid to ensure power connectivity
* 2 more terminals at Sahibganj, Haldia to be functional soon
* Movement of cargo in river Ganga to rise 4 times in 4 yrs

FINANCIAL SECTOR, MARKETS
* FDI inflows remain robust despite global headwinds
* Important to increase retail invest in T-bills
* Propose to create platform for listing social enterprises
* To work with regulators for AA bonds as collateral for repo
* Asked SEBI to mull hiking minimum public shareholding to 35%
* Propose to rationalise existing KYC norms for FPIs
* India needs 20-trln-rupee estimated investment every year
* To put in place action plan to deepen long-term bond mkt
* Action plan to deepen market for long-term bonds
* Invest driven growth requires access to low-cost capital
* To create payment platform for MSMEs
* Large infrastructure can be built on land owned by CPSEs
* To allow FPIs to subscribe to listed debt papers of REITs
* Propose to merge NRI, FPI investment scheme routes
* To mull hiking FDI limit in media, insurance, animation cos
* Contemplating an annual global investors meet in India
* Propose 100% FDI in insurance intermediaries
* To examine suggestions to further open up FDI in aviation
* FDI flows rose 6% to $64.37 bln in FY19
* Propose to make India a more attractive FDI destination
* To take steps for RBI, SEBI depositories' inter-operability
* To allow FPIs to subscribe to listed debt papers of REITs
* Propose to merge NRI, FPI investment scheme routes
* To mull hiking FDI limit in media, insurance, animation cos
* Contemplating an annual global investors meet in India
* Propose 100% FDI in insurance intermediaries
* To examine suggestions to further open up FDI in aviation
* FDI flows rose 6% to $64.37 bln in FY19
* Propose to make India a more attractive FDI destination
* To take steps for RBI, SEBI depositories' inter-operability
* To allow FPI invest in listed debt securities of InvITs

INFRASTRUCTURE, INDUSTRY
* Need to invest heavily in infrastructure
* Rail infra may need investment of 50 trln rupees 2018-2030
* 2nd stage of Bharatmala to help develop state roads
* To incentivise advanced vehicle battery manufacturing
* Need to develop inland waterways for cargo movement
* To comprehensively restructure national highway programme
* To comprehensively restructure national highway programme
* 210 km of new metro lines operationalised in 2019
* Launching national common mobility card
* To leverage engineering skill for project maintenance work
* Public infra, affordable housing to be taken up in FY20
* To aid cluster-based development of traditional industries
* To use more PPP mode for metro rail network
* Railways to be encouraged to use

Taxes:
* No change in personal income tax rates
* Increase in surcharge on super rich: 3% surcharge for Rs 2 crore income; 7% on Rs 5 crore and above

* Annual turnover limit for 25% Corporate tax raised to Rs 400 crore from Rs 250 crore

* Taxpayers with annual turnover of less than Rs 5 crore to have to file only quarterly

* Direct tax revenue has increased by 78%

* Additional Rs 1.5 lakh deduction on home loans

* Interchangeability of PAN and Aadhaar for ITR who don't have PAN cards

* 2% TDS on withdrawals of Rs 1 crore in a year from bank accounts for business payments

* Govt waives MDR changes on cashless payment

Sunday, 11 November 2018

Current affairs

TOWER TALK head lines

👍🏻 NRB Bearings reported excellent results for H1FY19 with a 25% jump in sales and 89% jump in earnings. Its future looks bright. Accumulate.

👍🏻 Lux Industries reported good results for Q2FY19 and H1FY19. With its proposed amalgamation with J. M. Hosiery and Ebell Fashions, the new entity will become stronger. Buy.

👍🏻 Entertainment Network, a Times of India group company that owns and operates Radio Mirchi, reported 50% higher PAT for Q2. The management is positive about the company’s future.
Buy.

👍🏻 FMCG major Procter & Gamble Hygiene & Healthcare reported 25% higher PAT of Rs.144.1 crore for Q2FY19. Buy for the long term.

👍🏻 Tata Chemicals reported 17% higher PAT for Q2 at Rs.409 crore. Accumulate.

👍🏻 Bata India continued its strong performance in Q2FY19 with an EPS of Rs.4.3 v/s Rs.3.3 in the previous corresponding quarter. Its overall profitability for FY19 is likely to be 35% higher than FY18. Accumulate.

👍🏻 Hindalco Industries beat street estimates with 54% higher PAT for Q2.
Its performance for the next few quarters is likely to be equally good. Buy.

👍🏻 Godrej Consumer Products reported
excellent results for Q2 with an EPS of Rs.5.65. Accumulate.

👍🏻 After reporting fantastic results for Q2, Alkyl Amines Chemicals is expected to notch an EPS of Rs.28 for FY19. Buy.

👍🏻 Honeywell Automation India reported excellent results for H1 with an EPS of Rs.214 v/s Rs.146 in the previous corresponding quarter. Buy.

👍🏻 Since 21 September 2018, Dewan Housing Finance Corporation has repaid commercial paper holders Rs.9465 crore including buyback worth Rs.3240 crore. This shows the inherent strength of the company. Buy immediately.

👍🏻 The Infibeam Avenues counter has witnessed heavy volumes. The company seems to be on a comeback trail.
Investors with a risk appetite may enter with a strict stop loss.

👍🏻 Phoenix Mills aims to double its operational retail portfolio to 12 million sq.ft. in the next 1-2 years. Buy.

👍🏻 Graphite India, a big beneficiary of the rising electrode prices in India, is poised to appreciate. Buy.

👍🏻 Ashoka Buildcon reported excellent Q2FY19 results. With a growing order book, its future looks equally strong.
Buy.

👍🏻 IndiaBulls Real Estate contemplates selling 50% stake in two office assets in Gurgaon to a global investment firm.
It may report good results in the next quarter. Buy.

👍🏻 Many brokerage firms are now positive on Axis Bank based on its Q2FY19 results. Accumulate on dips.

👍🏻 PNB Housing Finance reported strong results for Q2FY19 with 33% higher PAT. The stock may regain its lost
ground. Buy.

👍🏻 Natco Pharma doubled its profitability in Q2FY19 on the back of new launches. It expects better times ahead.
Buy.

👍🏻 Deepak Spinners reported excellent Q2FY19 results with an EPS of Rs.7. Currently, the stock trades cheap and can easily appreciate by 50%.

👍🏻 National Peroxide has consistently posted good results. This Wadia group company posted an EPS of Rs.98 in Q2FY19. The stock is poised to cross Rs.10000.

👍🏻 Small-Cap IT stocks such as Trigyn Technologies and Take Solutions are trading near their 52-week lows despite reporting a good
quarterly performance. Buy for quick 20% gains.

👍🏻 Shree Ajit Pulp & Paper is a dark horse in the paper sector.
The stock has the potential to touch the 4-figure mark.

👍🏻 Falling crude oil prices will boost the earnings of Phillips Carbon considerably. A good proxy bet for the medium-to-long term.

👍🏻 An Ahmedabad-based analyst recommends 20 Microns, IOL Chemicals & Pharmaceuticals, Ruchira Papers and Umang Dairies.
From his previous recommendations,
Balrampur Chini Mills appreciated 68% from Rs.66.4 on 25-06-18 to Rs.110.9 last week; Lahoti Overseas appreciated 42% from Rs.18.35 on 8-10-18 to Rs.26 last week; and ASM Technologies appreciated 23% from Rs.114 on 27-8-2018 to Rs.140 last week!

Saturday, 20 October 2018

Current Affairs on 20.10.2018

Today's Headlines from www:

*Economic Times*

📝 Debt refinancing deals slow down in real estate sector

📝 UIDAI tells banks to continue Aadhaar-enabled payments

📝 SC denies income tax exemption to local authority

📝 NBFCs liquidity crunch to hit home loan sales: report

📝 Govt to allow data service initially under in-flight connectivity

📝 PTC India to ink PPAs with 7 firms, 5 states for 1,900MW by Oct end

📝 Reliance Jio 4G revolution may render the 2G featurephone extinct

📝 China trade pact stalls as Trump tariffs feed India backlash

*Business Standard*

📝 Mphasis Q2 net profit up 37% at Rs 2.7 bn on good show in key verticals

📝 Foreign exchange reserves see highest fall of $ 5.1 billion in 7 years

📝 Vanguard Group sees opportunity for EM currencies as dollar extends rise

📝 GST Council allowing dual jurisdiction over assesses worrying traders: CAIT

📝 Fintech firms capturing market share from banks; $250-bn revenue at stake

📝 RBI issues dissent note to govt over regulation of payments system

📝 Fairfax starts infusion in Catholic Syrian Bank, forks out Rs 4.40 bn

📝 China posts slowest growth in nine years; GDP expands by 6.5% in Q3

*Financial Express*

📝 Maharashtra Cooperative Bank seeks RBI permission to takeover urban cooperative banks

📝 Gold imports widen India's trade gap; rise 4% to $17.63 billion in April-September

📝 Reliance Industries raises Rs 3,500 crore on BSE BOND platform

📝 DoT asks MTNL to outline long-term roadmap as part of revival talks

📝 Facebook hires former UK deputy prime minister Nick Clegg as head of global affairs

📝 NASSCOM inks MoU to expand Indian SMEs in MENA region

📝 Government decides to increase the tenure of FSAs between CIL, steel industry

*Mint*

📝 Lenders accept ArcelorMittal resolution plan for Essar Steel

📝 IFC launches $1 billion masala bond programme to aid India investments

📝 RBI opens banking tap to ease liquidity crunch at NBFCs

📝 ICICI Securities reports 3.22% rise in Q2 profit at ₹134.22 crore

📝 Tata Sons said to be in talks to buy stake in Jet Airways

📝 Invesco to buy OppenheimerFunds, adding $246 billion in assets

📝 UltraTech Cement standalone profit at Rs 391 crore

📝 RIL to replicate Reliance Jio model for Jio broadband.

Tuesday, 9 October 2018

Current Affairs on 09.10.2018

Today's Headlines from www:

*Economic Times*

📝 100% FDI in insurance broking in the works

📝 Over 20 tenders worth Rs 88,000 cr for bullet train project by Jan: Sources

📝 IMF retains India FY19 growth outlook at 7.3%

📝 128 IPOs garner $5.24 billion till August in 2018: EY

📝 MCF plans to ramp up production capacity from 1000 to 2000 coaches per year by 2020-21

📝 Tata Steel sales up to 7 per cent in Q2FY19 to 3.18 million tonne

📝 Bank Unions to protest against PSU banks' merger decision on Tuesday

📝 L&T Construction bags orders worth Rs 1,881 crore

*Business Standard*

📝 GMR Infra seals deal with three PE investors, gives 5.8% in airport firm

📝 Suzlon aims to reduce 40-50% of debt through asset monetisation by March

📝 India's personal wealth may grow at a CAGR of 13% to $5 tn by 2022: BCG

📝 CBDT extends deadline for filing ITR, audit report for FY18 till Oct 31

📝 As deadline for data localisation approaches, Jaitley meets RBI DG, IT secy

📝 Oil marketing firms threaten to cut supply to Air India in case of default

📝 Godrej Interio targets millennials, takes on rival IKEA on social media

*Financial Express*

📝 Mercer to acquire talent assessment company Mettl

📝 Aluminium firms suffer sharp share price drop on global cues

📝 Indian shrimp exports to US likely to grow 15%

📝 Cotton industry body trims production estimates

📝 Investment in P-notes rises to Rs 84,647 crore by August-end

📝 Walmart seeks patent for drones to deliver products

📝 Fuel price reduction to be credit negative for OMCs, says Moody’s

📝 SBICap seeks buyers for Videocon Oil Ventures’ overseas oil, gas assets

*Mint*

📝 Alphabet shuts Google+ after user data exposed

📝 Creditors put Videocon arm’s overseas assets on sale

📝 IL&FS faces impairments of ₹ 15,000 crore in loans, equity

📝 Air India makes fresh bid to raise ₹ 500 crore

📝 Accenture new revenue catches up with top five Indian IT firms

📝 NHB hikes refinance limit to ease liquidity for housing finance firms

📝 After Orange, Greenko plans to buy Skeiron in Rs 3,500 crore deal

📝 Oil prices fall 1% as US considers granting some waivers on Iran crude sanctions.

Friday, 5 October 2018

Current affairs on 05.10.2018

Today's Headlines from www:

Economic Times

📝 India and Russia to sign over $7 billion defence deals

📝 ICICI Venture in talks to buy stake in Micro Plastics

📝 PSB losses to come down to Rs 50,000 crore in FY19: Report

📝 Business Process Management industry revenue close to $32.5 billion

📝 Bio-CNG incentives to usher paddy stubble-based green projects

📝 DoT to ask Trai about suitability of 28 GHz band for 5G services

📝 Jet Airways gets Rs 258 crore from Jet Privilege

📝 HMSI to invest Rs 630 crore to ramp up capacity by 0.6 million by 2020

Business Standard

📝 Essar Steel bid: ArcelorMittal, Numetal get two weeks to clear dues

📝 Gross direct tax collection up 16.7% to Rs 5.47 trillion in April-September

📝 Indian IT industry revenue to grow by 8% to $167 bn in 2018-19 : Nasscom

📝 Micro-housing finance boom hits roadblock due to liquidity crisis

📝 RIL out of $100-bn club as market cap slips to $96.5 bn, TCS lone member

📝 Oil prices will average close to $80/barrel in 2019, says S&P Global Platts

📝 Importers stuck as deals go haywire after sudden and sharp fall in rupee

Financial Express

📝 Etihad offers Jet Airways an interim relief of $35 million

📝 Corporate advance tax growth rate doubles

📝 Panel asks RBI to explore rupee-renminbi trade

📝 ISA assembly okays $9-m annual budget

📝 Dabur India bets big on direct distribution

📝 Japan’s Kubota Corp drives into India with its engines

📝 Uber plans to expand in India

📝 Expect airfares to go up by 3% as costs up 20%: Crisil report

Mint

📝 Govt blinks, reduces excise duty on petrol, diesel by ₹2.5/litre

📝 New IL&FS board meets, discovers the extent of complexity

📝 Droom raises $30 million to boost credit, certification services

📝 LIC makes open offer for 26% stake in IDBI

📝 Chanda Kochhar quits as CEO of ICICI Bank, Sandeep Bakhshi to take over

📝 RBI may tighten capital adequacy rules for NBFCs

📝 Blume raises $40 million for third fund, targets total corpus of $80 million

📝 Cut in fuel prices may make ₹9,000 crore dent in oil retailers’ profits.

Thursday, 4 October 2018

Current affairs on 04.10.2018

Today's Headlines from www:

Economic Times

📝 Spot power rate at decade high of Rs 18 per unit

📝 Invest India asks for inputs from industry to promote e-commerce industry

📝 RBI eases rules for public OMCs to borrow overseas

📝 CII suggests 12 ways to control current account deficit, rupee fall

📝 Acme solar mulls putting 650 MW of capacity up for sale

📝 ZEE launches OTT service across 190 countries

📝 Tribunal allows RCom to sell spectrum to Jio, telco to repay Ericsson

📝 Cement production may grow at 6-7% in FY19: Report

Business Standard

📝 ICICI Bank takes Gitanjali Gems to insolvency court over Rs 6.08-bn dues

📝 Tata Steel to ink Rs 5-billion pacts for Gopalpur SEZ over 2 months

📝 Cabinet clears the decks for Rs 1-trn railway station modernisation plan

📝 Rupee's recent weakness has pushed India out of the $2-trn market-cap club

📝 Govt to list Bharat-22 ETF on overseas exchange to raise capital

📝 New IL&FS board to meet on Thursday, discuss issues plaguing group

📝 GSTN makes PIN code must for transporters, businesses for e-way bill

📝 Govt considers special deposit scheme for NRIs to boost dollar inflows

Financial Express

📝 Tata-Siemens consortium wins bid for Rs 8k-cr Pune Metro line

📝 Demand environment is robust for Indian IT firms

📝 Bond yield rises to 8.11%

📝 HCL Tech bags deal from Australian Energy major TransGrid

📝 Tata Comm subsidiary acquires Netherlands-based Teleena

📝 Ipca Labs subsidiary buys 80% in US-based Bayshore Pharma

📝 General Motor launches India-designed EV prototype

📝 Amazon Pay India gets fresh funding of Rs 590 crore

Mint

📝 M&As poised to cross $100 billion-mark in 2018

📝 Jerry Rao-backed VBHC looks to raise ₹300 crore to fund expansion

📝 Telco gross revenue dips 10% to ₹ 58,401 crore in June quarter

📝 Honda buys stake in GM Cruise self-driving unit, to invest $2 billion

📝 Government raises MSP for winter crops as farmers keep up pressure

📝 Infra developers to get railway land, airspace on 99-year lease

📝 Softbank’s Masayoshi Son promises free solar power.

Wednesday, 3 October 2018

Current Affairs on 03 October 2018

Today's Headlines from www:

*Economic Times*

📝 UK unveils tougher new post-Brexit immigration plans

📝 Tata Motors sees robust commercial vehicle growth, eyes 'fully-built' vehicles

📝 Warehousing stock to reach 297 mn sq ft by 2021: Report

📝 Russia, India to sign deal on S-400 air defence systems this week: Kremlin

📝 PNB wilful defaulters' dues fall marginally to Rs 15,075 crore at August-end

📝 Farm policy will be in sync with global rules: India to WTO

📝 Walmart eyes 10% revenue from private labels, 30 stores by 2019

📝 PE firm True North buys Sesa Oil for Rs. 1250 crore

*Business Standard*

📝 Ericsson settlement deal row: RCom seeks 60 days more for payment

📝 Productivity key to fortunes of engineering micro enterprises: CRISIL

📝 MFs scout for foreign investment opportunities as domestic markets teeter

📝 India targeting 40% power generation from non-fossil fuels by 2030: PM Modi

📝 10 states offer 102 mineral blocks for auction in FY19, Jharkhand tops list

📝 Indian fish exports to surge 61% to 1.7 mn tonnes by 2030: Report

📝 Zydus Wellness' Everyuth goes for an image makeover in beauty market

*Financial Express*

📝 Govt mulls creating steel giant through merger

📝 Truck rentals up 6% on diesel price hike, strong cargo support

📝 Japan’s NTT invests in medical imaging AI start-up DeepTek

📝 Coal India posts 10.6% rise in H1FY19 production

📝 Aster DM Healthcare makes Nigerian foray

📝 Eicher Motors says in talks with forums to end strike at Royal Enfield plant

📝 India loses $210 b per year due to vehicular emissions

*Mint*

📝 PE-led buyout deals hit a record $5.5 billion

📝 Realty NBFC Altico to diversify into infra, education

📝 GST collections likely to top Rs 1 lakh crore in Nov, Dec

📝 Grover Zampa eyes ₹130 crore from Quintela, AVT, others

📝 Apollo’s plan to widen global footprint faces headwinds

📝 Amazon raises minimum wage to $15 for US employees

📝 Task cut out for Vodafone Idea as it moves to leverage synergies.

Wednesday, 12 September 2018

Current Affairs on 12th September 2018

Today's Headlines from www:

*Economic Times*

📝 White goods companies not passing on GST benefits come under lens

📝 Cairn says it took $500 mn hit due to retro tax in India

📝 Indian demi-billionaires to rise by 70% by '22: Survey

📝 Mutual funds garner Rs 7,600 cr via SIPs in August

📝 JioPhone grabs 80% market share in sub-Rs 1,500 segment, claims Reliance Retail

📝 Not possible to introduce ghost entries into Aadhaar database: UIDAI

📝 National Fund set to buy IDFC infra debt fund

📝 US to probe Mahindra & Mahindra over Fiat Chrysler Jeep complaint

*Business Standard*

📝 Irdai asks insurers to sell their holdings in Tata Sons promptly

📝 Paytm's losses rise by almost 80% on the back of massive expansion plans

📝 Suzlon to offload 49% stake in two solar projects in Maharashtra to CLP

📝 States to get Rs 227 billion windfall from rupee plunge, crude spike

📝 India aims to become second largest steel producing nation after China

📝 Flipkart doubles seller additions ahead of BigBillionDays sale next month

📝 From Oct 2, unlisted firms will issue new shares in demat form, says govt

📝 Wrong Brexit deal could cost tens of thousands of car jobs: JLR chief

*Financial Express*

📝 SEA opposes NCDEX plan to extend trading hours

📝 Rupee at new closing low of 72.44; loses 12% since Jan

📝 BoI recalls upper Tier-II bonds worth Rs 500 cr

📝 Samsung doubles down in India, opens its biggest store world-wide in Bengaluru

📝 Lenovo pins hope on gaming PC growth, expects 25% share in 5 yrs

📝 Pension fund managers may get marketing rights

📝 GAIL to expand gas pipeline network capacity by 50% in 3 years

📝 Corruption costs $2.6 trillion or 5 per cent of global GDP, says UN chief Antonio Guterres

*Mint*

📝 Germany’s Blaupunkt to invest $300 million in TV business in India in next 5 years

📝 Ather Energy begins delivery of its electric scooters

📝 Lightbox raises 3rd India fund, aims to close at $200 million

📝 Reliance Capital posts net profit of ₹272 crore in Q1

📝 Tata Power to offer suite of services in rooftop solar drive

📝 Yes Bank raises $400 million through syndicated loan facility

📝 Set up e-auction platform to speed up sale of confiscated assets, govt tells state-run banks.

Monday, 10 September 2018

Current Affairs on 10th September 2018

Today's Headlines from www:

*Economic Times*

📝 Bharti Infratel revenue, Ebitda may dip till FY20: Analysts

📝 Per capita spending on legal aid in India is Rs 0.75

📝 Indian paper industry growing at 6-7%, says industry official

📝 Nifty likely to touch 12,000 by December: Edelweiss

📝 FPIs turn net sellers in Sept, pull out Rs 5,600 crore

📝 Power projects heading to NCLT may get to retain fuel supply pacts

📝 600-700 Indian companies acquired annually since 2010: CII-PwC report

📝 Yes Bank aims to grow retail portfolio by 75 percent in two years to Rs 56,000 crore

*Business Standard*

📝 Icra downgrades ratings of IL&FS loans, debentures to 'junk' status

📝 New drone regulations to boost transparency in India's real estate sector

📝 RP-Sanjiv Goenka group is building a new home for apparel brand 2Bme

📝 Govt grappling with measures to regulate virtual currencies despite RBI ban

📝 Seven of top 10 companies lose Rs 756 bn in m-cap, HUL takes steepest hit

📝 Volume growth concerns recede, realisation gains key for cement stocks

📝 Jack Ma not retiring and will unveil transition plans on Monday: Alibaba

*Financial Express*

📝 Indian insurance to be $280 billion industry by 2019-20: Assocham

📝 CBS Corp settles lawsuit over company control; Leslie Moonves may resign

📝 ICPA opposes Air India move to recover over-time flying allowance

📝 Google CEO Sundar Pichai writes to Ravi Shankar Prasad, says free cross-border data flow to help startups

📝 Reliance Retail buys 16.31 percent in Genesis Colors, acquires stake in 5 more companies

📝 Walmart says Flipkart acquisition will impact its net income this fiscal

📝 Blueprint drawn to boost production of EVs, take total share to 15% in 5 years: Nitin Gadkari

*Mint*

📝 Department of Posts to set up insurance firm in 2 years

📝 Only 33% Indians save regularly for retirement, HSBC report says

📝 NMDC seeks exploration license for Tungsten in Australia

📝 RBI may conduct OMO buyback this week to ease liquidity, say bankers

📝 ₹ 3.4 trillion bank recap since Great Recession but no end in sight

📝 Mastercard’s Hany Fam bats for open system for processed data

📝 Tea start-up Haazri raises seed funding from Artha Venture Fund.

Monday, 3 September 2018

Current Affairs on September 3rd 2018

Today's Headlines from www:

*Economic Times*

📝 Vedanta plans to strengthen operations in India, Africa

📝 Bruised bankers seek consolation prizes after shelved Aramco IPO

📝 343 Infra Projects show cost overrun of Rs 2.23 Lakh Cr

📝 Schaeffler to expand in India, lines up 40 million euro capex

📝 GAIL eyes new geographies to scale up international trade

📝 CIL gets 27% higher price in auction for cement producers

📝 With eye on tariffs, ministry tweaks eligibility for solar tender

📝 Int’l tourism arrivals hit record high in 2017, India leads growth in South Asia

*Business Standard*

📝 Indian Oil Corp to invest Rs 170 billion in Odisha petrochem projects

📝 Essel Group's Subhash Chandra enters cruise tourism with new firm

📝 Carborundum Universal looks to boost revenue to Rs 32 billion by FY20

📝 Direct tax collections grow at 6.6% and corporation tax barely 1%

📝 Broad agreement on world's largest trade pact likely in November: Singapore

📝 Observe.AI helps call centre agents perform job better without any pause

📝 Pharma funds make a comeback; now rises 17.3% for a one-year period

📝 No compromise in Brexit plan, says British Prime Minister Theresa May

*Financial Express*

📝 NASA plans 45-day effort to get its Mars rover back

📝 India Inc's foreign borrowing rises 74 per cent to USD 2.18 billion in July

📝 ITI limited signs agreements with 58 start-up companies

📝 VMware to comply with Indian government’s demand to localise data

📝 Mauritius tops India’s FDI charts again in FY18

📝 Intel, Philips take the lead in data-driven healthcare solutions

*Mint*

📝 Wipro bags its biggest-ever contract from Alight Solutions

📝 FPIs continue bullish stance on India, infuse ₹5,100 crore in August

📝 Union Bank moves NCLT against Gammon over ₹ 315 crore default

📝 Emaar to partner with Indian firms to monetize land bank

📝 Gems, jewellery exports decline by about 5% in April-July

📝 Solar installations in India down 52% in second quarter of 2018: report

📝 Apple records first-ever accident in self-driving car programme.

Wednesday, 29 August 2018

Current Affairs on August 29th 2018

Today's Headlines from www:

*Economic Times*

📝 Jet Airways gets $300 million as lease incentives & debt from banks

📝 Chandrayaan-2 to be launched in Jan 2019: ISRO chief

📝 LIC to buy 14.9% stake in IDBI Bank

📝 Rural LPG delivery to get IT legup

📝 Government to vet GST, income tax and transfer pricing filings to find leakage

📝 India to be one of world's blockchain leaders by 2023: Survey

📝 Coal imports may rise to 62 mt in FY19 to meet power demand

📝 RBI employees' 2-day mass leave to paralyse banking operations

*Business Standard*

📝 Toyota Motor to invest $500 million in Uber's self-driving technology

📝 FMCG grows at 10.9% in June quarter, lower than 14% in 2017: Nielsen

📝 Tiger Global-backed robotics start-up GreyOrange enters US market

📝 Nestle seals a $7.15-billion deal to market products of Starbucks

📝 Irdai allows inclusion of 10 more insurers for medical treatments

📝 SAIL closing in on NMDC's iron ore capacity

📝 Railways to convert diesel locomotives to electric, says Piyush Goyal

*Financial Express*

📝 Narvar raises $30 million in Series C funding led by Accel

📝 Total losses of 21 PSBs in Q1 stand at Rs 16,615 crore

📝 Indian firms lead IT transformation in Asia: Dell EMC

📝 United India Insurance gets Rs 350-crore claims from Kerala

📝 Bharti Airtel gets FDI clearance to offload 20% stake in DTH unit to Warburg Pincus

📝 RBI cancels licence of Tech Mahindra for issuing pre-paid cards

📝 Food grain output to be record 284.83 million tonnes

📝 SpiceJet set to venture into cargo operations

*Mint*

📝 Amazon Pay said to acquire Tapzo in digital payments push

📝 EESL to get $220 mn from IBRD for green projects

📝 Instamojo targets $1 billion in transactions by 2019

📝 Vedanta bags 41 oil, gas blocks in maiden open acreage auction

📝 SBI plans to sell 3.89% stake in NSE

📝 Gadkari comes to rescue of ₹8,500 crore rail corridor project

📝 Google teams with HDFC Bank, ICICI, others for instant loans.

Sunday, 26 August 2018

Current Affairs on August 26th 2018

Today's Headlines from www:

*Economic Times*

📝 Relief for passengers soon as Railways plans flexi-fare rejig

📝 Bankruptcy sword looms over 60 companies owing Rs 3.5L crore

📝 Indiabulls arm to raise Rs 2,000 crore via bond sale

📝 CLSA raises red flag on Colgate after group arm’s India investment

📝 Punjab National Bank gets top rank in digital transaction as per Finmin report

📝 BRS Group highest bidder for SevenHills hospital

📝 India is betting big on multi-country science projects

*Business Standard*

📝 Inspired by past, eye on future, Mercedes unveils Silver Arrow concept car

📝 Health start-up Cure.fit raises $120 million, unveils expansion plans

📝 Exxon Mobil looking to buy wind, solar power delivery in Texas

📝 Indian aluminium makers defy global trend, log 12% growth in April-July

📝 Alphabet's comeback plans in China go beyond Google Search

📝 Indra Nooyi to get Asia Game Changer award by global cultural organisation

📝 22 new AIIMS coming up to ease regional imbalance in healthcare: J P Nadda

*Financial Express*

📝 Jet Airways to relook into structure, costs at board meet

📝 Anil Ambani resigns as director of Reliance Naval and Engineering

📝 Soon, smartphones to predict flash floods, other natural disasters

📝 Facebook fixes bug that marked posts as spam and removed them

📝 Huawei to repair its water-damaged phones in Kerala for free

*Mint*

📝 Auto parts makers eye gains in the aftermarket

📝 Defence ministry clears Rs 46,000 cr purchase of military equipment

📝 Elon Musk drops plan to take Tesla private

📝 For $5.8 million, Bugatti’s new supercar will turn corners faster than ever

📝 Karnataka takes Ordinance route to reduce farmer debt.

Tuesday, 21 August 2018

Current Affairs on August 21st 2018

Today's Headlines from www:

*Economic Times*

📝 EPFO payroll data: 47 lakh jobs created in 10 months till June

📝 Share of imported non-coking coal consumption to fall to 13.4% in FY23: Crisil

📝 RBI staff to go on mass leave on Sept 4, 5 over pension issues

📝 Route Mobile gets Sebi nod for Rs 600 crore IPO

📝 Government eyes Rs 12,000 crore via share buyback in 6-8 PSUs

📝 Auto component exports grow 24-53% in Q1: EEPC India

📝 ChrysCapital in advanced talks to buy stake in Dr Agarwal's Health Care

📝 Leasing activity up 45% across metros in Jan-June 2018: Report

📝 Sembcorp Energy India bags 250mw Bangladesh contract

*Business Standard*

📝 Global e-commerce firms look to buy domestic retailers to up India game

📝 RBI Deputy Governor bats for umbrella law for public credit registry

📝 Indices climb to fresh highs: Sensex soars 330 points to close at 38,278

📝 Copper climbs above $6,000 on easing trade tensions between US, China

📝 SIPs' contribution to mutual funds up 53% in July at Rs 75.54 billion

📝 DoT pushes for upgrade to block internet services to maintain law and order

📝 Lending to MSMEs can become Rs 15-trn business in next 5 years: Study

📝 MCA probes Jet Airways on suspicion of siphoning funds: Sources

*Financial Express*

📝 DGCA data: Domestic air passenger traffic rises 21 percent in July

📝 Tanla Solutions acquires Karix Mobile for Rs 340 crore

📝 Hyundai Motor picks up stake in car-sharing company Revv

📝 Snapdeal increases authorised capital to Rs 15 crore

📝 1.55 crore wireless telecom subscribers added in June: TRAI

📝 Puravankara, Google tie up for smart homes

📝 RJio, Airtel account for two-thirds of subscriber additions in H1 CY2018

*Mint*

📝 Alibaba in talks with Reliance Retail for joint venture

📝 Firm sues TCS for IP infringement in US

📝 Crystal Crop acquires 4 brands from FMC, to widen portfolio

📝 PepsiCo to buy Israel’s SodaStream for $3.2 billion

📝 Fotowatio Renewable Ventures looks to exit solar project in India

📝 CSIR lab develops potential clot buster drug for stroke, licences it for clinical trials

📝 Bajaj Group plans ₹3,000 crore IPO of power generation business.

Sunday, 19 August 2018

Current Affairs on August 19th 2018

Today's Headlines from www:

*Economic Times*

📝 Alibaba eyes joint venture with big Indian companies; in talks with RIL, Tatas, Future Retail

📝 Banks have to be more proactive in identifying risk: RBI

📝 Agri households’ average earnings grew to over Rs 1 lakh in FY16

📝 Government ropes in PSUs to undertake skilling

📝 UIDAI announces phased rollout of face authentication with telcos from September 15

📝 Steps being taken to stop cotton contamination: CCI

📝 Financial distress in India's thermal power sector

*Business Standard*

📝 Rupee might stabilise at 68-69 a dollar: Economic Affairs Secretary Garg

📝 Prime Venture plans to invest in start-ups working in logistics, SaaS

📝 Quest Global may spend $200 mn in making large acquisition, plans expansion

📝 Public sector insurers lose market share to merger plan delay: Irdai data

📝 Demand for co-working space is set to see three-fold rise by 2020

📝 Gold import seen shrinking 15% in 2018, despite festive jewellery push

📝 Banks set to get data rich with UPI 2.0; likely to boost credit scoring

*Financial Express*

📝 IT ministry norms to check fake news soon

📝 NBCC, HUDCO: Government may sell 10% via OFS route

📝 Bankruptcy: Government hints at new law for registered valuers

📝 Elon Musk’s reveals grand plan: Tesla to produce electric cars priced just $25,000

📝 Massive affordable housing boost! Government plans to sanction 75 lakh houses before March 2019 under PMAY-U

*Mint*

📝 Walmart completes deal to buy Flipkart for $16 billion

📝 L&T to consider share buyback on August 23

📝 Amazon, Facebook, Microsoft, Amex, others plan to fight data localisation plans

📝 Infosys CFO Ranganath resigns, deputy may replace him

Volkswagen CEO knew about emissions software months before scandal.

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