Latest News Headlines Tue Jul 17 09:12:37 IST 2018

2. 1 on 1 First Summit: US President Donald Trump and Russian leader Vladimir Putin vow for a fresh start to troubled relations
3. Centre opposes PIL in Supreme Court barring candidates from contesting election from more than one constituency
4. Stature of India has risen in last four years and the country is on path to touch new heights: PM Modi
5. Government convenes an All Party Meeting today ahead of Monsoon session of Parliament
6. Cricket: Deciding final ODI of 3-match series between India and England to be played at Leeds today
7. Almost all districts of Odisha receives moderate to heavy rain in last 24 hours
8. Is fraud in Modicare a possibility? Here's what NITI Aayog member ... - Financial Express
9. Building blockchain prototypes for NITI Aayog, says Ethereum co ... - CNBCTV18
10. NITI Aayog Reveal 'Breathe India' Plan to Reduce Air Pollution ... - News18
11. Niti Aayog CEO Amitabh Kant questions logic of mining bans amidst ... - Moneycontrol.com
12. US facing serious shortage of airline pilots
13. Jared Kushner's family company under probe
14. Ancestors made bread before advent of agriculture
15. Britain announces its first ever spaceship launch site
16. Bank of America Reports Second-Quarter 2018 Financial Results
17. Asia stocks sag after oil slides, dollar steady before Fed speech
18. Early puberty in boys increases substance use risk
19. Study recommends early treatment for babies' neuromuscular disorder
20. Shares may extend losses amid negative global cues
21. Glenmark Pharmaceuticals receives ANDA approval for Colesevelam Hydrochloride for Oral Suspension
22. HUL to be watched after Q1 result
23. Putin made 'incredible offer' to help US in Russian hacking case: Trump
24. SBI PO Prelims result 2018 declared: Here's how to check, download results
25. Luxury Resort Owner Takes Going Green To The Extreme
26. Papa John's Founder Resigns, Gains $50 Million In A Day
27. Channel - Block D - Billionaires - blog - Position 5 - Papa John's Founder Resigns, Gains $50 Million In A Day
28. American democracy’s built-in bias towards rural Republicans
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35. Action on 'war footing' for conserving Taj Mahal: Government
36. M&A deals increase in H1 2018 to 235, worth over $65 bn: Report
37. The US is currently facing a serious shortage of airline pilots, particularly at the regional airline levels, according to a report.
38. Britain's space sector took one giant leap when the site of its first vertical launch spaceport was announced.
39. See Where the Future Unfolds at the IBC2018 Leaders' Forum
40. The 23rd China (Shanghai) International Boat Show 2018 (CIBS) was a Resounding Success, and Plans Are Underway for a Bigger Event Next Year at a New Location
41. Local Communication Tech Powerhouse M800 Limited Partners With Liana Technologies For Enhanced Global Expansion and Excellence
42. SaudiGulf Airlines Launches New Mobile App Powered by CellPoint Mobile
43. New York Governor Andrew Cuomo is launching a probe to determine if President Donald Trump's son-in-law Jared Kushner's family real estate company harassed tenants at a Brooklyn property so that they would leave their rent-stabilised apartments.
44. Scientists have found that the oldest direct evidence of bread found to date is at least 4,000 years before the advent of agriculture, according to a new study.
45. Modi has become Dhritrashtra, BJP Duryodhan: Congress
46. Delhi gets rainfall in patches on Monday, similar condition this week (Lead)
47. Nano bubbles filled with drug may kill cancer cells: Study
48. Younger pregnant women at high risk of prenatal depression: Study
49. In a step further to identify range of cancer treatments available to patients, scientists have developed drug-filled nano bubbles triggered in the body by X-rays which may help kill the malignant cells.
50. Owing to the increased pressures of social media and the pace of modern life, younger expecting mothers may be at more than 50 per cent higher risk of developing prenatal depression, than their mothers, according to a study.
51. Global women entrepreneurs network at Dell summit in Toronto
52. American computer maker Dell Technologies' women entrepreneur network summit began here in the Canadian city on Monday with the participation of over 100 global women entrepreneurs, investors and technologists.
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67. Use auto-disable syringes to prevent infection
68. Extracurricular activities may do more harm than good
69. Contractor fined for storing water in train toilet
70. Nipah infections: Don’t blame the bats alone, improve public health
71. Work stress may lead to irregular heart rate
72. Postmenopausal women with high testosterone at heart disease risk
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77. Google teaches kids to spot fake news, stay safe online
78. Barack Obama, Oprah attend Tom Hanks’ anniversary party
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80. Delhi man out on bail rapes woman at her home for 6 hours
81. Delhi man out on bail rapes woman at her home for...
82. Arvind Kejriwal of Rome
83. Microsoft launches update for Xbox 360 after two years
84. Apollo Hospital does not have Jayalalithaa blood sample
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92. Price of 'richest man on Earth' tag: $150 bn
93. Rs 230 crore more for Amazon Pay
94. Unacademy turns a chapter with $21 million from Sequoia Capital, Nexus & others
95. LeapFrog buys majority stake in Ascent Medi
96. StayAbode raises pre-series A funds
97. Eatigo gets $9.5 million from TripAdvisor
98. Vebbler gets pre-series A funds from multiple investors
99. What BJP should do to win Uttar Pradesh in upcoming Lok Sabha polls
100. France gives World Cup winners a heroes' welcome home
101. Break silence on ‘muslim party’ claim: Javadekar to RG
102. Mauritius PM to attend Pravasi Bharatiya Divas
103. Investors summit put Assam on biz map: Sonowal
104. BJP using NRC to ‘polarise’ Assam on religious lines, says Congress
105. Bjp putting up modern face after 4 years of discrimination: Tewari
106. Will IHH Healthcare's acquisition of Fortis nurse it out of ICU?
107. Tech has no answers to fake news. Not yet.
108. What BJP should do to win Uttar Pradesh in 2019
109. Heineken seeks legal opinion on UB chairmanship
110. How Israel pulled off an Ocean's 11 on Iran in 6 hrs
111. France gives World Cup winners a heroes' welcome
112. End of season events fail to prop up retailers: Experts
113. सेसा गोआ लि. बेचें रुपये 198 के लक्ष्य पर: कुणाल बोथरा
114. Market Movers: Top cues for your day on D-Street
115. BUY/SELL/HOLD ideas from D-Street experts
116. Headwinds ahead; how long can the HUL rally continue?
117. Facebook will not remove fake news, but demote it
118. Amazon Prime Day Sale to offer mobile phones at almost half the price
119. IMF cuts India's growth projection, but it still retains world's top spot
120. Amazon has now invested nearly Rs 1,000 crore in its payments unit.
121. The money was raised from Sequoia Capital, Nexus Venture Partners and SAIF Partners, with participation from Blume Ventures.
122. Founded in 1991 by Rajiv Mistry, Ascent sold 15 million products in 2017 through 1,50,000 retail pharmacy points spread across 12 states in India.
123. StayAbode currently has 950 beds live and is operating at 97% occupancy at 15 properties across Bengaluru and has plans to expand to other cities in due.
124. Eatigo entered the India market in 2017.
125. Vebbler’s chief executive Sahil Bhagat said the funds will be used for senior-level hiring and marketing.
126. 09:09 AM | 17 Jul
127. With its own mixed track record in India, the coup can easily turn into a winner’s curse for IHH.
128. Amanora Park Town
129. Bad loans and widening losses have made it difficult for banks to service bonds, raising the risk of default.
130. Britannia invests Rs 200 crore in Assam Greenfield Unit
131. Wealth management is the new buzzword in financial services sector
132. BUY' or 'SELL' ideas from experts for Tuesday, July 17, 2018
133. With much food for thought, multiplex stocks slide further
134. Buyback call-off dashes hopes of a quick buck
135. HUL, Tata Steel, ICICI Bank and PSU bank stocks likely to hog limelight today
136. Market Movers: Crude prices cool down; Business confidence subdued; wholesale inflation at 4-year high & more
137. Haryana farmers to get Rs 1500 crore more post enhanced MSP
138. Break silence on ‘muslim party’ claim: Javadekar to RG
139. Mauritius PM to attend pravasi bharatiya divas
140. Address the ‘muslim party’ claim: Javadekar to RG
141. What BJP should do to win back Uttar Pradesh in upcoming Lok Sabha polls
142. Scam-hit PNB, other state banks may get Rs 8,000 crore lifeline
143. Will IHH Healthcare's acquisition of Fortis cure it?
144. en-gb2018-07-17T09:08:39+05:30
145. The company already has two manufacturing facilities in Assam with a production capacity of 30,000 tonnes annually. Varun Berry, managing director, Britannia Industries, who was in Assam.
146. With its own mixed track record in India, the coup can easily turn into a winner’s curse for IHH.
147. A subdued flagship discount season is adding to the woes of retailers who have witnessed not-so-good business February onwards, barring May when sales picked up slightly due to mid-season sales.
148. This is making wealth management the most sought-after profession within the financial services sector where a top banker managing an active investment book in excess of Rs 4,000 crore can consistently earn a total annual compensation of Rs 3-4 crore.
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150. ET Now spoke to various experts and here's what they have to recommend for today's trade:
151. Even though the government hasn’t issued a notification or official intimation yet, investors are feeling the jitters.
152. Earlier this month, Kwality said its board has deferred the buyback and bonus issue.
153. A year into the rollout of GST, HUL has been posting stellar performance â€" aided by low base effect, price reduction benefits and uptick in rural demand.
154. Last full year our recoveries were at ₹5,617 crore, but in the Q1 this year we could recover ₹8,000 crore.
155. Here is a list of stocks that are likely to be in focus in today's trading session:
156. Let's check out what all might matter to you and Dalal Street on Tuesday.
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161. In a press interaction, HRD Minister Javadekar said, “BJP wants to ask Rahul why you are silent and keeping mum. You said it openly that Congress is a party of Muslims.
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163. BJP must make an all-in-one offer to UP voters to rise above caste and religion, but its supporters may not like it.
164. After overcoming a determined Croatia to win 4-2 in Sunday's final in Russia, the team came back to euphoric crowds in Paris hoping to catch a glimpse of the players that have captured the country's imagination.
165. Washington, July 17 (IANS) Scientists have found that the oldest direct evidence of bread found to date is at least 4,000 years before the advent of agriculture, according to a new study.
166. London, July 17 (IANS) Britain's space sector took one giant leap when the site of its first vertical launch spaceport was announced.
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169. Will IHH Healthcare's acquisition of Fortis nurse it out of ICU?With its own mixed track record in India, the coup can easily turn into a winner’s curse for IHH.
170. What BJP should do to win Uttar Pradesh in 2019BJP must make an all-in-one offer to UP voters to rise above caste and religion, but its supporters may not like it.
171. Address the ‘muslim party’ claim: Javadekar to RGIn a press interaction, HRD Minister Javadekar said, “BJP wants to ask Rahul why you are silent and keeping mum. You said it openly that Congress is a party of Muslims.
172. "Last full year our recoveries were at ₹5,617 crore, but in the Q1 this year we could recover ₹8,000 crore.
173. "In the very short term, it is difficult to see market leadership changing and breadth improving.
174. A lowdown on top macro triggers that may move market on Tuesday.
175. ET Now spoke to various experts and here's what they have to recommend for today's trade:
176. BJP must make an all-in-one offer to UP voters to rise above caste and religion, but its supporters may not like it.
177. IHH Healthcare Berhad, Asia’s largest healthcare provider, was always the trump card. First, for Malvinder Singh. Then, for the institutional shareholders who took charge of his hospital chain after he ceased to be its promoter. In early 2017, exasperated at the pace of diligence by TPG and General Atlantic during their ‘3-month exclusivity period,’ Singh wanted IHH to step in and be the strategic counterweight. Happy to oblige, the Malaysians were tantalisingly close to stitching it up but pulled the plug just days before signing on the dotted line, worried about the implications of the legal battle between Daiichi Sankyo and the Singh brothers â€" Malvinder and Shivinder.Nine months later, they were back at the negotiating table this April, after efforts to bag Naresh Trehan’s Medanta came a cropper. By then, several hedge funds and FIIs who had taken large bets, wanted them to stir the pot again, unhappy with TPG-Manipal Health Enterprises’ offer.The next three months were nothing short of a potboiler, unprecedented in any Indian corporate takeover â€" founder promoters unseated; shareholder rebellion; the board replaced; allegations of fraud and fiscal mismanagement, rival bids and counter offers being accepted only to be rejected later. Finally, last Friday, IHH was shortlisted to take control of Fortis, its $1.1-billion offer trumping that of rival TPG-Manipal. For a company whose next lease of growth pivots on India and Greater China, India’s second-largest platform is arguably a crown jewel.RIGHT DOSAGE“The acquisition demonstrates our commitment to invest considerable resources to expand and consolidate our footprint in India,” said Dato’ Mohammed Azlan bin Hashim, non-executive chairman of IHH. First, the scale. It helps IHH bulk up its India presence amid a private healthcare boom, with a network of 34 hospitals and 4,685-bed capacity. More strategically, it complements IHH’s existing footprint here and marks its presence in the north, the largest market by population, where it didn’t have any presence till date.India will vault to become the thirdlargest market in terms of revenues for IHH, with its share increasing from 6% to 24% of IHH revenues. After all, IHH’s core markets of Singapore and Malaysia have plateaued, rendering heft in new gateways critical. Not to mention India’s abundant clinical talent and cost arbritrage.
178. Punjab National Bank targets to recover ₹22,000 crore and raise another ₹8,000 crore selling non-core assets in the current fiscal to boost its capital, bank’s CEO Sunil Mehta told Sangita Mehta in an interview. He’s confident the bank’s fortunes would improve after the Nirav Modi-scam last year led to a record fourth quarter loss of ₹13,417 crore. Edited excerpts:What is the status on recovery from Nirav Modi and Mehul Choksi who have defrauded the bank? PNB has filed a recovery suit in DRT against Nirav Modi. In the US, we have initiated action to recover our money. The Nirav Modi Group has filed for insolvency seeking protection for their overseas subsidiary. There we have filed an application that we should be heard before any decision is taken and our case is admitted.There are concerns on whether PNB would be able to pay interest on perpetual bonds due next week?The bank is fully geared to make interest payments on those bonds. It is totally geared to bounce back. Despite all this turbulence, our business has grown on quarterly and yearly basis. In the current quarter, we have seen 9.8% growth in domestic credit and domestic deposits rose by 5%.How has your experience been on bad loans’ recovery?Last full year our recoveries were at ₹5,617 crore, but in the first quarter this year we could recover ₹8,000 crore. Our biggest asset is our nonperforming loans (NPL), which will prove as a goldmine for bouncing back because whatsoever recovery we make will help us in unlocking provisions and improve profitability. This fiscal year target for recovery is ₹22,000 crore and we are hopeful of achieving it in the second or third quarter. We are looking at upgradation of ₹4,500 crore as against ₹2,000 crore last year. We are working on a strategy to bring net bad loans below 6% by March.Any plans to raise equity this year?This year we are concentrating on raising equity around ₹8,000 crore through sale of non-core assets, internal accrual and recovery of bad loans. And we expect the government to contribute capital through a normal recapitalisation process.What are the measures that PNB has taken to improve systems and processes to prevent another Nirav Modi scam?The major initiative we have taken is on handling trade finance business. We have integrated SWIFT with core banking solution (CBS). We have created centralised back office for trade finance. So all our trade finance transactions are processed at branch level and then moves to a centralised back office and then routed to swift payment centre. So, there are three levels of checking. Similarly, to mitigate risk in credit process we have created four separate verticals - credit sourcing; credit processing and underwriting; credit monitoring; and resolution and recovery.How is this different from earlier practices?We have centralised loan processing centres. It will be different from our existing system where the entire loan sourcing, processing, underwriting and documentation was done by a few officers in the branch itself. Now it will be handled by different verticals. Sourcing will be with the branches, documentation and underwriting will be with centralised processing centres, and recovery and resolution will be with stressed-asset management verticals.What is status on rationalisation of branches and ATMs?We have rationalised around 600 ATMs. All of them have not been closed down. Some are moved to different location where they can be more profitable. Wherever our branch operations are not viable we will merger them with other branches. We have 300 loss making branches and we are working on it to bring them to profitability in the current year and those which don’t meet commitment we may shut them down.
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