, Updates from News sources on 6th June 2018 , Wednesday ~ CS GAURAV SHARMA

June 6, 2018

Updates from News sources on 6th June 2018 , Wednesday



Economic Times
Business Standard

Ø  After Air India fiasco, government rethinks IDBI stake sale
Ø  Income tax demand is not justified, Cognizant tells HC
Ø  Employees of blue-chip companies under Sebi lens for WhatsApp leaks
Ø  TRAI rebuts DoT objections to in-flight connectivity
Ø  Trade war a 'lose-lose' situation: Raghuram Rajan
Ø  Patanjali cancels proposed Rs 6,000-crore mega food processing park in Uttar Pradesh


Ø  BEML aims to double its defence vertical revenue in FY19
Ø  SBI to offload NPAs worth over Rs 13 billion
Ø  Bitcoin case: ED grills Raj Kundra in connection with money laundering
Ø  PFC looks beyond electricity sector, eyes farm, rail and smart cities
Ø  Govt may announce a package of almost Rs 80 bn to bail out sugar sector

Business Line
Mint


Ø  Mylan-Biocon combine notch up second biosimilar in the US with pegfilgrastim
Ø  Bank loans worth Rs.5-lakh cr turned into NPAs in FY18: Crisil
Ø  Services PMI contracts in May; falls to 3-month low
Ø  Govt working on comprehensive law for transporting hazardous 
Ø  HUL to integrate foods and refreshments business wefJuly 1
Ø  SEBI doubles ‘Angel Funds’ investment limit in VC firms to Rs.10 cr

Ø  Discom losses plunged to ₹17,352 crore in FY18, says power minister
Ø  India, China fail to resolve differences on trade tariffs
Ø  India plans to build stockpile of 3 million tonnes sugar: Ram Vilas Paswan
Ø  Patanjali, Godrej Agrovet in talks to tie up for Ruchi Soya bid
Ø  NCLT directs ICICI Bank to reverse Rs48 crore in Ruchi Soya’s current account

Financial Express
Financial Chronicle

Ø  Solar power scheme entailing Rs 1.4 lakh cr to be implemented from next month: RK Singh
Ø  Trai backs suggestion on partnership with foreign firm for IFC
Ø  JV formed to set up India’s first bio-refinery in Assam
Ø  Banks’ gross NPA increased to whopping Rs 10.3 lakh crore in FY18, says CRISIL


Ø  Gross NPAs cross Rs 10L crore in FY18
Ø  225 GW renewable power by 2022 likely
Ø  Sebi outlines norms for preferential issue by InvITs
Ø  Rs 2,600 crore package unlikely to help leather exports this year
Ø  Bharti AXA Life Insurance posts maiden profit in FY18

Ø  MFs to reveal on daily basis fees charged on all schemes






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