01-09-20 TOP FINANCIAL HEADLINES

1st September 2020

Economic Times

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 Behavior 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

Business Standard

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

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

Mint

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

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

Deccan Chronicle

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 Percent rise in Exports in July

Compiled By : CS DEEPAK SETH