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Monday, May 15, 2017

News updates 15 May 2017

Economic Times , Business Standard



Ø 'WPI base revision calls for new GDP estimates'
Ø Telcos on high alert post global ransomware blitz
Ø India jumps 73 spots to 26 rank in WB's power list: Goyal
Ø Cyber attack hits 2L in at least 150 nations: Europol
Ø I-T launches facility to correct PAN, Aadhaar error
Ø Govt to spend Rs 11K cr on roads in Naxal areas
Ø Underweight on IT and pharma sectors: Kotak MF
Ø International tax wing of I-T Dept seeks end beneficiary details of P-notes
Ø GST panel works out rates for 6,000 items
Ø Steel exports surge 142%, imports down 23% in April
Ø BSE to keep tabs on over 780 companies to check abnormal share price jumps
Ø Investment facilitation issues not to be included in WTO agenda: India 
   Business Line Mint
Ø EPFO trustees likely to raise ETF investments to 15%
Ø PE investments jump 69% to $3.16 billion in April
Ø MFs asset base surges 41% to Rs. 3.09 lakh cr in FY'17
Ø Adani plans to begin extracting coal from Carmichael project in 2020-21
Ø Centre to come out with new Metro Rail policy: Venkaiah Naidu
Ø Southwest monsoon arrives over Andaman & Nicobar Islands: IMD
Ø Banks set to see higher provisioning on new norms next fiscal
Ø Telcos’ financial woes: Panel to give recommendations in 3 months
Ø Indian IT firms to layoff up to 2 lakh engineers annually for next 3 years’
Ø Idea Cellular Q4 loss at Rs328 crore amid Reliance Jio onslaught
Ø Piramal looking to expand in real estate financing
                          Financial Express
                      Financial Chronicle
Ø Tech Mahindra enters into top 20 global tech services brands
Ø Abu Dhabi's Mubadala plans to invest up to $15 bn in SoftBank fund
Ø GST cloud hangs over excise mop-up as dealers hold up tight
Ø Lower interest rate can help reap full benefit of cash ban: CII
Ø Coffee Day Enterprises arm to acquire majority stake in 2 companies
Ø Limit diesel, petrol vehicles; promote EVs: NITI Aayog
Ø $1b profit for ArcelorMittal
Ø Retail inflation falls below 3% as food prices cool
Ø Dr Reddy’s Q4 net profit jumps 3-fold to Rs 337.6 crore
Ø IBBI to put sick industries on fast track revival
Ø Three MDs to collectively decide on LIC investments
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