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Tuesday, July 14, 2015

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SBI Chief warns government about potential NPAs
SBI Chairman, has red-flagged the power sector as a fast-ticking time bomb that could escalate the banking system's NPAs to an alarming level over the next couple of months.
The power sector accounts for amount 9-10% of the total loans in the system has been facing challenges from weak financials of state discoms and project delays.

Delhi HC stays order restraining Lupin from using LUCYNTA
Lupin: Delhi High Court stays an earlier order restraining Lupin from using the trademark LUCYNTA for its medicines deceptively similar to the trademark NUCYNTA used by Johnson & Johnson.
                                                                                     
Government gives fertilizer subsidies a cold shoulder
The government has shown no urgency in implementing long-pending reforms, such as rationalization of urea prices, or timely subsidy payments.Some of these measures are indeed politically sensitive as they can raise costs of farm inputs. Not implementing them, however, prolongs the industry’s woes.

IGL acquires 50% stake in Maharashtra Natural Gas
Indra Prastha Gas Ltd ( IGL) has acquired 25 lakh more shares at price of Rs38 of Maharashtra Natural Gas Ltd ( MNGL) to become a 50 per cent shareholder in the company. Earlier this year, IGL acquired 4.75 crore shares in MNGL in the first tranche at a price of Rs38.

Jet Airways to boost Domestic Connectivity with Additional flights
Jet Airways announced the expansion of its domestic network with additional frequencies on India's high demand routes and by linking cities with expanding potential. The new services being launched in July and September 2015 include the following routes - Mumbai and Chennai (ninth daily service), Kolkata and Bengaluru (second service), Mangalore and Mumbai (fourth daily service), Bhopal and Indore with Lucknow (via Delhi) (new service), Bhopal with Hyderabad (via Mumbai) (new daily service) and Hyderabad and Rajahmundry (third daily service).

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