31.08.2020 TOP FINANCIAL HEADLINES

Business Standard

Ø Fiscal deficit to touch 7% in FY21, says Brickwork Ratings, as revenue collection hit by lockdown

Ø HCL’s US arm faces patent infringement claim

Ø Banks told to refund fees for UPI transactions

Ø Nestle says consumer behaviour changing

Ø Lenders hope their loans will be repaid in full after Reliance-Future Group deal

Ø GAIL India looks at petrochemicals, renewables for growth

Ø Refund charges imposed on e-payments since Jan this year: CBDT to banks

Ø Farm sector sees spike in private investment after reforms: Agri secy

Ø Second blow for BoB as RBI rejects plan to send Anil Ambani firms to NCLT

Ø Amazon to stick on as Future Enterprises’ shareholder after Reliance deal

Ø Telecom sector revenue expected to rise 15% in FY21 on higher ARPU: COAI

Business Line

Mint

Ø RBI rejects lenders’ plea to put Reliance Home Finance, Reliance Commercial under NCLT resolution

Ø Massive data breach reported at Paytm Mall

Ø WTO dispute on ICT products: India claims EU, Taiwan violating due procedures on dispute panellists

Ø Reliance Capital defaults on interest payments to HDFC, Axis Bank

Ø FPIs remain positive on Indian markets; invest ₹47,334 crore in August so far

Ø ABB Power increases open offer price marginally after investor complaints

Ø ESAF Small Finance Bank to take call on ₹976-crore IPO after Sept: MD

Financial Express

Deccan Chronicle

Ø India, ASEAN trade ministers call for starting discussions to determine FTA review scope

Ø Probe Chinese investments in 141 prominent Indian startups: CAIT asks Piyush Goyal

Ø Boat Lifestyle eyes Rs 1,000 cr revenue in FY24

Ø COAI predicts 14-15% increase in Telecom Industry’s revenues

Ø ED raids firms running Chinese betting apps, freezes bank accounts

Ø Pandemic gives fillip to demand for cereals; 200 per cent rise in exports in July