Saturday 1 February 2020

@AlliesFin Serve T.ME/ALLiESFiN's Post

Economic Times

Business Standard
Ø Fiscal deficit reaches 132.4% of FY20 target
Ø GST collection crosses Rs 1.1 lakh cr in January
Ø Forex reserve hits fresh lifetime high of $466.69 billion
Ø BSE, NSE to open for trading on Saturday for Budget
Ø ITC Q3 results: Profit jumps 29% to Rs 4,142 crore
Ø GDP growth rate for 2018-19 revised to 6.1 pc
Ø Survey suggests scrapping of Essential Commodities Act
Ø ESOP for public sector bank employees mooted

Ø Tech Mahindra Q3 net profit slips 5% YoY to Rs 1,146 crore, revenue up 8%
T.R
Ø Vedanta profit rises 49% to Rs 2,348 cr in Q3 on the back of lower expenses
Ø HUL reports 12.95% rise in consolidated net profit at Rs 1,631 cr
Ø Irdai's Committee on micro insurance suggests ways to boost segment
Ø Vedanta Q3 PBT at Rs 3,806 cr, up 9.4% on lower costs, exceptional gain
Business Line

Mint
Ø India has benefited overall from free-trade agreements
Ø Coromandel International posts ₹265 cr profit in Q3
Ø Vedanta buys Ferro Alloys Corp for ₹10 crore
Ø Eveready sells Hyderabad plot for ₹100 crore
Ø FinMin recommends subsidy cuts to expand fiscal room
Ø Heritage Foods nets ₹11.7 crore in Q3
Ø Adani energy subsidiary to set up 700 MW hybrid energy plant

Ø NSE to launch RFQ platform for debt securities on 4 Feb; BSE on 3 Feb
Ø Motherson Sumi Systems to demerge domestic wiring harness unit
Ø BOI back in black in Q3, reports net profit of ₹106 cr
Ø No relief for depositors, SC dismisses DHFL fixed deposit holders' plea
Ø Drop in commercial vehicles diffuse gains in JLR for Tata Motors
Financial Express

Deccan Chronicle
Ø Govt to spend Rs 25 lakh crore to boost rural economy; over Rs 43000 cr disbursed under PM-KISAN scheme
Ø Brexit Day: Businesses see promising India-UK ties ahead
Ø Bharti Airtel says its name removed from DGFT blacklist
Ø Indiabulls offers to buy back its cheapened bonds amid prolonged credit squeeze

Ø Slowdown bottomed out, GDP expected to grow at 6.5 per cent: Chief Economic Adviser
Ø Economic Survey calls for USD 1.4 trillion spending on infrastructure
Ø India's share in global commercial services exports up at 3.5 per cent
Ø Kotak Bank and RBI smoke peace pipe.
By: via @AlliesFin Serve T.ME/ALLiESFiN

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