Business Standard

Ø China’s oil giant CNPC signs $1.77 billion Abu Dhabi deal

Ø MF industry bets big on SIP to hit Rs 20-trillion AUM mark

Ø All might not be well for Dalal Street post Q3; nine lucky stocks to bet on

Ø Government mandates launch of CPSE IPOs within 22 weeks of concerned ministry’s nod

Ø Havells to buy Lloyd Consumer for Rs 1,600 cr

Ø Chandra walks into Tata corner room on Tuesday

Ø Don’t settle all trades in HDFC Bank, RBI tells custodians

Ø 65% of IT employees not retrainable: Capgemini India chief

Ø China suspends all coal imports from North Korea

Business Line

Mint

Ø PE investments decline to $652 mn in Jan: Thornton

Ø Gold imports shrink 32.7% in April-Jan

Ø Hero MotoCorp: Geared for a comeback

Ø Wind power installations may cross 5,000 MW this year

Ø Ratan Tata’s investment in start-ups rises 30 per cent in fiscal 2016

Ø HSBC, UBS stop issuing P-Notes as India steps up clampdown

Ø DLF to invest Rs3,500 crore in 2017 to complete running projects

Ø Paytm to invest Rs600 crore over 10 months to expand QR code payment system

Financial Express

Financial Chronicle

Ø Railway Minister Suresh Prabhu signs deal for India to commit $340 mn soft loans to Nepal for infra projects

Ø Top seven companies add Rs 48,519 crore in market capitalization

Ø SpaceX launches rocket from NASA pad in Florida, completes relanding

Ø Despite fall, GDP will bounce back sharply: RBI Governor

Ø AAI deprived Rs 2,397 cr by DIAL firms, says CAG

Ø Alibaba, Rakuten look to tap Indian e-commerce mart

Ø Patanjali wins tax exemption claims

Business Standard

Ø Govt mulls new recapitalisation plan for PSBs

Ø Panel on doubling farmers’ income mulls major reforms

Ø Sebi defers decision on options launch by commexes

Ø Sebi to decide on Reliance settlement plea at ‘earliest’

Ø 20 Chinese cities to be hit by air pollution

Ø Posts offices can now do employment registration

Ø IPO aspirants look for clarity on capital gains tax

Ø Infosys changes norms for severance pay

Ø IMF chief Christine Lagarde ‘optimistic’ about US economy

Ø Sebi keeping close watch on Infosys developments

Ø All future foreign atomic reactors to be 1200 Mw and above: Govt

Ø Chidambaram asks FM to cut indirect taxes immediately

Business Line
Mint

Ø ‘Commodity market development needs focused regulatory push’

Ø RJio effect: Idea Cellular reports loss of Rs 478.9 cr in Q3

Ø Corporate bond trades hit record Rs 12 lakh cr in Apr-Jan

Ø Govt plans merger of commodity boards

Ø ONGC’s $2.4-bn Mozambique deal under Oil Ministry scanner

Ø January sees 3-fold rise in M&A deals: report

Ø Govt to come out with plan ‘Indradhanush 2.0’ for recapitalisation of banks

Ø Govt seeks data from industry to take up visa issue with US

Ø LIC buys additional 2% stake in Infosys

Ø Sebi says norms for stock exchanges poised for an overhaul

Ø Videocon Industries Q4 loss widens to Rs509.7 crore

Financial Express
Financial Chronicle

Ø RBS said to plan more than $1 bn of cost cuts as jobs pared

Ø Equity MF inflow at Rs 4,900-cr in Jan; Rs 55,700-cr in FY17

Ø Demonetisation: Economy to grow by 6-6.5 per cent, lower than CSO, RBI predictions, says P Chidambaram

Ø Residential sales down 20%, launches slip 8% in Q3 FY’17

Ø Reliance MF beats demonetisation blues; AUMup 25%

Ø IIP contracts 0.4% in Dec, durables worst hit

Ø Govt asks for data from industry on H1B visa row

Ø Firms owe Rs 7L cr in taxes, duties to govt

Ø Pesticides utility to be assessed every 10 yrs

Ø Govt may sell HZL stake worth Rs 39,300 cr via ETF

Highlights of Union Budget 2017 – 2018

GST – No changes in service tax & excise duty as GST draft will be launching soon

Fiscal Deficit – Seen at 3.2% (17-18) & 3% (18-19)

Current Account Deficit – 0.3% (16-17) 1st Half

FDI Investments – 1.45 Lakh Crores (16-17) 1st Half

Direct Tax – Tax to GDP Ratio is very low
Income upto 2.5 Lakhs – Nil Tax
Income above 2.51 Lakhs to 5 Lakhs – Reduces to 5% Tax from 10%
Income above 50 Lakhs to 1 Crore – 10% surcharge

Farmer – Double their income in 5 years

Agriculture – 10 Lac Crores credit

MNREGA – Allocation 48,000 Crores

PM Gram Sadak Yojna – Allocation 19,000 Crores

Sr. Citizen – 8% guaranteed pension for 10yrs by LIC of India scheme

Rail Budget – 1.31 Lakh Crores, New Railway Line of 3500 kms, No service charge on IRCTC Ticket booking

Highway – 67,000 Crores for National Highways

Disinvestment – Continue through ETF’s and timely disinvestments of PSU’s,
Target 72500 Crores

Banking – 10,000 Crores to PSU banks for Recapitalisation, Double landing targets to Bank 2.44 Lac Crores, 2.44 Lac Crores under mudra scheme

Total Expenditure – Estimated at 21.47 Lac Crores

Defense Expenditure – 2.74 Lakh Crores excluding Pension

Long Term Capital Gain – For immovable property reduced to 2yrs from 3yrs

Income Tax – Companies turnover less than 50 Crores will pay 5% less tax, Effective rate 25%

Cash Transaction – No transaction over 3 lakes will be permitted in cash

Infra – Insurance company has to invest 25% in Infra bonds