NEWS SNIPPETS – 11th Dec 2017

Economic Times- Business Standard

• Bankers stare at Rs 1 lakh crore bad loan bomb ready to explode in next 2 days
• Satyam case: SC dismisses ED plea against TechM
• Largest automated container terminal opens in China
• Insolvency: IBBI notifies rules for complaint handling
• India to seek solution to food stock issue at WTO
• Firms, lenders ask RBI to extend insolvency deadline
• Mukesh Ambani drives 45% of India Inc’s capex since FY14
• FY19 Budget may assume crude oil price at $65/barrel
• Trade unions to make case for CIL contract workers’ 20% wage hike
• SBI changes names, IFSC codes of around 1,300 branches

Business Line-Mint

• Central banks buying gold in effort to diversify reserves
• India’s ultra-mega solar project to be discussed at France Summit: World Bank
• Aadhaar-PAN linking deadline extended to March 31
• Mahindra Electric to play key role in SsangYong’s EV drive
• Top eight BSE companies add Rs. 57,998 cr to market valuation
• Mutual funds log Rs. 1.26 lakh cr inflow in Nov
• Oil firms skip monthly LPG price hike for the first time in 17 months
• Telecom Commission to consider ministerial panel suggestions on 21 December
• Ultratech to set up Rs1,850 crore cement plant in Rajasthan

Financial Express-Financial Chronicle

• Government hints at reviewing rates in top GST bracket
• Coal imports rise 40% on restocking demand in Novembe
• Airtel to connect over 2100 uncovered villages in North East
• Delhi govt cancels licence of Max Hospital
• Bank of India to raise `3,000 crore via QIP
• Govt takes over Unitech, NCLT allows MCA to appoint 10 directors
• Forex reserves jump by $1.2 bn to $401.94 bn
• Bids for RCom’s spectrum, tower to open this week