Welcome to LACMA...... 25.05.2017 : Daily News Updates 1 25.05.2017 : Daily News Updates 2 25.05.2017 : Daily News Updates 3

Daily News Updates 1

Economic Times


Business Standard

Ø  Union Cabinet scraps 25-year old FIPB

Ø  State oil cos like ONGC, GAIL plan Rs 87K-cr capex

Ø  Moody's downgrades China's rating in 30 years

Ø  RBI may have Dy Guv from pvt sector for first time

Ø  Govt nod to public procurement policy for local goods

Ø  Govt hikes sugarcane FRP by 11% for 2017-18 

Ø  China cracks down on top brokerages in clean-up effort

Daily News Updates 2

Ø  UN, WB to enjoy tax exemptions

Ø  Make in India gets sourcing push from govt

Ø  India cancels 13 Gw coal-based plants; sign of energy transformation: Study

Ø  PSBs gain approval to raise capital but investors unsure, says report

Ø  IFC to invest up to $40 mn in Kedaara Capital's 2nd cap fund

Ø  ArcelorMittal agrees on concessions to seal Rs 5,800-cr JV with SAIL

Business Line



Ø  Reliance Infra InvIT gets SEBI nod; IPO in 2 weeks

Ø  I-T unearths 400 benami deals, attaches Rs. 600-cr properties

Daily News Updates 3

Ø  Strides Shasun gets US FDA nod for dementia drug

Ø  BSNL offers satellite phone service to government agencies

Ø  Lupin Q4 net profit dips 49.61% to Rs. 380.21 cr 

Ø  Bharat Forge Q4 net profit rises 25% to over Rs. 207 cr


Ø  HCL Tech to buy back shares at 17% premium for Rs3,500 crore

Ø  Azim Premji fund seeks clarity on Snapdeal sale in letter to board: report

Ø  Tata Power needs to shed asset overload to drive growth

Ø  General Motors India starts discussions with dealers for transition plan

Financial Express


Financial Chronicle

Daily News Updates 4

Ø  NSE asks brokers to have in place insurance cover for FY18

Ø  COAI moves Supreme Court against Rajasthan government order on removal of cell towers

Ø  CREDAI seeks abolition of stamp duty on landed property

Ø  NHPC working on five hydro power plants in Pithoragarh


Ø  Sebi to examine Deloitte’s audit on NSE’s co-location facility

Ø  NPA ordinance: PMO tracking RBI progress

Ø  Equity market boom drags down commodity futures

Ø  Job growth slows, pet schemes yet to build up steam

Ø  GST:?Industry seeks early relaxation of penalties

Best regards.TEAM LACMA