ETIG News RSS Feed
(http://www.etintelligence.com/etig_root/rssfiles/etigNews.xml)
  

  Pressed Into Action: At Least 2 Weeks for Rs. 1L cr Cashback  
  India may need an additional Rs.70,000-1 lakh crore to meet the cash demand of a growing economy and it may take at least two weeks to print that much currency, according to estimates by leading economists. But the current cash shortage in some parts of the country may be overcome sooner as the Reserve Bank of India and banks geared up to plug gaps in cash-supply logistics.  
 
  Parag Milk's Focus on Value Addition to Draw Investors  
  The stock of Parag Milk Foods has been range bound for the past three months despite improved performance in the December 2017 quarter. However, the company may be back on investors’ radar considering the company’s increasing share of value-added products, lower milk procurement cost and cheaper stock valuation.  
 
  Midhani Rebounds After a Tepid Listing, Stock up 70%  
  State-owned Mishra Dhatu Nigam (Midhani) has picked up steam after making a listless debut on the bourses earlier this month. The stock, which had listed at a discount to its issue price of Rs.90 per share earlier this month, is up 70% of the issue price, with majority of the gains coming in the last four sessions.  
 
  RBI Scotches Speculation on Easing Default Norms  
  Mint Street has virtually scotched speculation regarding the easing of norms on default classification, saying that the new rules seek to change the credit culture in a country where even big companies that can repay on time tend to game the system to earn additional income. Complaints that the timeline given to regularise a defaulter’s account is insufficient are misplaced and the effort is to ensure that arbitrage between different markets are eliminated, Reserve Bank of India (RBI) Deputy Governor NS Vishwanathan said Wednesday.  
 
  Strong Pickup in Retail Loans on Housing & Auto Demand  
  The big is getting bigger. Higher income western states such as Maharashtra and Gujarat continued to be key drivers of retail loans in India between FY 13 and FY17, according to the data from the Reserve Bank of India (RBI). At a time when the total loan growth during the period was merely 9% annually, retail loans in the country grew at a strong 16% due to pick up in housing and auto loans.  
 
  Swadeshi Jagran Manch Against Selling Air India  
  RSS affiliate Swadeshi Jagran Manch says the Modi government should not fall into the “trap” by selling Air India and should instead explore options to revive the national carrier, including selling some of its ‘Maharaja’ assets. This comes days after RSS chief Mohan Bhagwat said Air India should not be sold to a foreign buyer.