Morning News Headlines (17th feb 2020)
• Vodafone Idea: The company received letters from DoT directing immediate payment. Currently assessing amount the company will be able to pay DoT towards AGR dues as interpreted by the Supreme Court. The company proposes to pay the amount so assessed in the next few days.
• Granules India: USFDA completed inspection of the company's Hyderabad unit with 2 observations.
• Bharti Airtel: Bharti Airtel has told DoT that it will deposit Rs 10,000 crore by February 20, following the Supreme Court ruling that required telcos to pay their adjusted gross revenue (AGR) dues.
• ONGC posted a 49.75 percent year-on-year (YoY) fall in standalone profit at Rs 4,151.63 crore for the quarter ended December 31. The state-run oil explorer had posted a profit of Rs 8,262.70 crore in the same period last year. Revenue from offshore and onshore operations declined 16.83 percent and 9.1 percent YoY to Rs 15,764.66 crore and Rs 7,945.39 crore, respectively, during the quarter under review.
• Muthoot Finance: The company reported 66 percent jump in its consolidated net profit to Rs 803 crore in the third quarter ended December 31. The company's net profit was at Rs 485 crore in the corresponding October-December period of 2018-19.
• 6-7% LIC stake dilution enough to mop up Rs 90,000 cr: CEA Subramanian
• Airtel, Voda Idea, Tata Tele likely to pay AGR dues on Monday: DoT sources
• Tata Steel expecting capital expenditure to touch Rs 9,000 cr mark in FY20.
• Dec equity MF inflows dip 50% to Rs 12,000 cr on valuation, growth concerns.
• DLF to raise Rs 2,000 cr via sale of land to existing or new JV partners.
• Coronavirus could damage global economic growth in 2020: IMF
• FPIs remain net buyers in first half of February, invest Rs 24,617 crore
• RBI board meeting: Deficit move unlikely to drive up inflation, says Shaktikanta Das
• Govt allows companies to list global depository receipts at IFSC
• Gold imports dip 9 per cent to $24.64 billion during April-January.