Thursday 31 December 2020

@AlliesFin Serve Stock Market's Post

*Economic Times*
Ø  Current Account is in surplus for second consecutive quarter at 2.4% of GDP
Ø  EU, China leaders seal long-awaited investment deal
Ø  India may impose countervailing duty on Clear Float Glass imported from Malaysia
Ø  India's exports may reach $290 bn by fiscal-end: FIEO
Ø  India's current account surplus shrinks in latest quarter
Ø  BSSUK, NKJ Biofuel tie up to set up ethanol plant in Chhattisgarh
Ø  ICEA seeks 20% reduction in import duty on mobile phones

*Business Standard*
Ø  Govt extends soft-loans for ethanol to non-sugarcane-based distilleries
Ø  Just 2.1% of TLTRO funds went to NBFCs that needed them most: RBI report
Ø  Union Bank gets shareholder approval to raise up to Rs 6,800 crore
Ø  CBI books IVRCL in Rs 4,837 cr-bank fraud after extensive searches
Ø  Adani Green commissions 100-Mw solar project ahead of schedule
Ø  Reliance-BP invites bids for gas from KG-D6, priced against int'l benchmark

*Business Line*
Ø  Cabinet approves ₹3,005-cr project for Paradip port
Ø  Centre plans ₹4,573-crore scheme for enhancing ethanol
Ø  Adani Ports gets green nod for ₹12,256-cr, Phase 3 expansion of
Ø  Finmin approves 8.5% interest for EPFO subscribers
Ø  Strides Pharma may get transferred to a clutch of investors as promoters plan to exit
Ø  Kalpataru Power Transmission bags orders worth ₹900 crore

*Mint*
Ø  Cabinet Committee approves Industrial Corridor nodes worth ₹7,725 crore
Ø  Oil prices up on weaker dollar and lower inventories
Ø  Unacademy buys test prep platform NeoStencil in fifth acquisition in 2020
Ø  Tiffany shareholders back LVMH takeover, ending long-drawn dispute
Ø  Due date extended for filing income tax returns
Ø  Wockhardt shares surge today as UK approves Oxford covid vaccine

*Financial Express*
Ø  Blackstone-backed IBS Software expects faster biz growth on rising digitalisation amid pandemic
Ø  RCom group owes around Rs 26,000 cr to Indian banks, financial institutions: Company
Ø  HPCL, FCI, Indian Oil, NSIC top buyers of SC/ST owned MSEs in FY21 so far amid 12% jump in govt buying

*D N A*
Ø  State Bank of India to implement new cheque payment system from January
Ø  Covaxin can offer protection against mutated coronavirus: Bharat Biotech
Ø  Tesla's wait to run on Indian roads in 2021 gets longer
By: via @AlliesFin Serve Stock Market

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