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Daily Update 06-June-2017

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Daily Update
06-June-2017

Economic Times
• Tata AutoComp systems eyes more foreign acquisitions in quest to expand
• Bharti Airtel in talks with Google for WiFi hotspots
• Adani power urges Gujarat government to bail out Mundra power plant
• AAP to launch agitation for farmers' cause this week
• 'India First' policy shuts China bidders out of Gail pipeline projects worth Rs 3,000 cr

Business Standard
• Modi expresses satisfaction at readiness for July 1 implementation
• ICICI Bank, Fairfax to shed stake in ICICI Lombard via IPO
• RBI will take 'lot of time' to count old note deposits, says Arun Jaitley
• CBI raids home of NDTV's Prannoy Roy for 2008 deals with ICICI Bank
• Japan arrests 14-year-old for creating ransomware similar to WannaCry
Mint
• Isro scripts history with GSLV Mark III launch - Launch of India’s heaviest rocket will reduce Isro’s dependence on foreign space agencies
• Grasim-Nuvo merger gets NCLT clearance
• SBI launches biggest institutional share sale to shore up capital base
• Airlines pare debt but fuel costs, competition seen hurting profits - IndiGo reduced debt by 18.75% to Rs2,600 cr in FY17 from Rs3,200 cr in the previous fiscal, Jet Airways by 15.6% from Rs10,900 cr to Rs9,200 cr, while SpiceJet’s debt stayed steady at Rs1,000 cr, says ICRA
• PM planning cabinet reshuffle with eye on 2019 LS elections - BJP may recall some ministers for party work to boost its tally in states like Bengal, Odisha, TN, Andhra.
Startup World
• Myntra inks deals with women’s apparel brands Chemistry, AKS
• ShopX expects to be profitable by year end
• Goomo Gets $50 million package from emerging India
• Lyft releases first diversity report, showing edge over Uber.
Regards,
Ujjwal Thakur
Team Webecreator
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