New-age internet firms tap print’s reach, credibility to build brands

• Apart from promotions and brand building, internet firms leverage print ads to start topical conversations
• Advertising spend for print is expected to reach ₹18,140 crore in 2020

Streaming content creators eye remakes of foreign shows to keep viewers hooked

• Shows such as ‘The Office’, ‘Hostages’ and ‘Mind The Malhotras’ have been adapted from international formats
• Sameer Nair-led Applause Entertainment is bringing Israeli show Fauda’s Indian version to the small screen

Jio, Airtel brace for the worst, plan upgrades in case Voda Idea fails

• Vodafone Idea has 304 million subscribers out of which 104 million are 4G users
• Analysts said that Bharti Airtel will be the biggest beneficiary if Vodafone Idea fails

HDFC Bank completes 25 years of operations

• The bank is at present going through with a succession planning exercise for Aditya Puri
• Aditya Puri, set to retire in October this year, is credited with developing a culture that has zero tolerance for any leniency and has helped the bank in not getting ensnared

Cooking gas prices may see monthly revision to contain subsidy

• Every household is entitled to 12 cylinders of 14.2 kg each at subsidised rates in a year
• If the decision to raise subsidised LPG prices is taken, the burden will shift even to the 12 cylinders

India is sixth largest market in consumption of video ads: Report

• The number of smartphone users in India is expected to reach around 700 million by 2023
• Social media platforms have been launching new features to keep their users engaged.

There is no slowdown in credit card spends, says HDFC Bank’s Parag Rao

We continue to believe that headroom for good credit is still significant and we will continue our growth, says Parag Rao

No reason to doubt that 3.5% fiscal deficit target will be met: RBI's Das

• Das said the government has remained within the limits set by the FRBM Committee for the budget deficit
• The fiscal deficit is the shortfall in a government's income compared with its spending

Second time lucky: Liberty House acquires Adhunik Metaliks in cash deal

• GFG Alliance- owned Liberty House had failed to complete the acquisition of Adhunik in its first attempt
• Adhunik and Zion had total outstanding debt of more than ₹5,000 crore

GP Petroleums to set up ₹100 crore lubes plant in Gujarat

• The Saronda plant will process over 300,000-kilolitres of lubricants
• This will be GPPL’s second blending plant in the country

Indian companies to offer average 9.1% pay hike in 2020, a decade low

• Startups, e-commerce, services and pharma firms will be top pay masters in 2020
• India Inc will offer better pay hike than its Asian peers

Kumar Mangalam Birla meets telecom secretary on AGR issue

• Vodafone Idea on Monday paid ₹2,500 crore to DoT and will repay another ₹1,000 crore by the end of the week
• SC on Monday refused to hear Vodafone plea, seeking directions to DoT to not to take coercive steps

Govt plans ₹11,000 crore power transmission project in Ladakh

• The 900-km link will help big green energy projects in the Union territory supply power across India
• Work on the national grid is on with green energy corridors being set up in two phases with a total investment of ₹47,000 crore

Vodafone Idea, Airtel make partial payments after SC tough talk

• SC refuses to entertain Voda Idea plea that sought directions to DoT not to take coercive steps
• While Vodafone Idea on Monday paid ₹2,500 crore to DoT and will cough up an additional ₹1,000 crore before the end of the week. Bharti Airtel has deposited ₹10,000 crore

RBI receives ₹1.94 trillion bids for repo operation

• The RBI move is aimed at providing cheaper money to banks at the repo rate so that it can be used to boost credit growth
• The central bank also withdrew the daily fixed rate repo and four 14-day term repos every fortnight

JSW Energy buys GMR’s Odisha thermal plant

• Parent GMR Infra said the ₹5,321-crore deal, which is likely to close in three months, will help the firm pare debt by ₹4,141 cr
• JSW Energy generates 4,541MW, comprising 3,140MW thermal power, 1,391MW hydropower and 10MW solar power

FM says telecom dept engaging with telcos after court orders on AGR dues

• 'In the light of court’s orders the department is actively engaging with the telecom companies,' Sitharaman said in Bengaluru
• FM said that the department had been in touch with telcos immediately after the orders and also after the review

Govt must continue reforms; green shoots of recovery need to sustain: RBI Guv

• The RBI saw an imminent slowdown in growth early in 2019 and used the space that was opened up by the moderation in inflation to cut interest rates
• Green shoots are now visible and need to be sustained to pull India out of its current slowdown

Payment of AGR dues to bring down fiscal deficit to 3.5% in FY20: SBI

• After facing the Supreme Court's ire over non-compliance with its AGR order, the telecom department is pressing for the payment of dues by the telcos
• According to the revised budget estimates, the government expects a fiscal deficit of 3.8% in 2019-20

Telecom AGR crisis: RBI closely monitoring developments

• Shaktikanta Das said so far no red flags have been raised but the central bank continues to monitor the situation closely
• Some telecom firms are already struggling with mounting losses and debt and the additional liability has raised concerns of them defaulting on existing loans