BS Reporter
BS Reporter
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Axis Bank cuts base rate to by 10 bps to 9.85%
In April, the bank had cut base rate by 20 basis points from 10.15% to 9.95%
 "Axis Bank cuts base rate to by 10 bps to 9.85%")
DTH industry slams doubling of entertainment tax by AAP as 'illogical and unfair'
In the annual budget announced on Thursday, the govt proposed a flat Rs 40 tax on cable and DTH services
 "DTH industry slams doubling of entertainment tax by AAP as 'illogical and unfair'")
 "HDFC Bank for step-up in public investment")
Manpasand Beverages IPO subscribed 1.4 times
The maker of the Mango Sip drink got a total of 10.533 million bids
 "Manpasand Beverages IPO subscribed 1.4 times")
Coffee Day files DRHP for Rs 1,150-cr IPO
2nd firm after RBL Bank to do so for over Rs 1,000 cr this week; GVK Airport, IndiGo IPOs also likely soon
 "Coffee Day files DRHP for Rs 1,150-cr IPO")
'38% of rural, 16% of urban households hold BPL cards'
46% of rural, 23% of urban households purchased subsidised rice through public distribution system
 "'38% of rural, 16% of urban households hold BPL cards'")
 "Congress denies Lalit Modi met Vadras socially")
 "SBI, MakeMyTrip.com to ink pact")
RBI cancelled most of Friday's G-sec auction
The papers cancelled were the 7.35% 2024, the 7.95% 2032 and the 8.17% 2044
 "RBI cancelled most of Friday's G-sec auction")
Real effects of Insurance Act still to come, say life insurers
Companies say regulations by IRDAI would shape future fate
 "Real effects of Insurance Act still to come, say life insurers")
Foreign exchange reserves rise to $355.46 bn
Foreign currency assets rose by $1.14 bn to $330.72 bn
 "Foreign exchange reserves rise to $355.46 bn")
Jhunjhunwala bullish on RTA business
These companies provide centralised record-keeping of company shares
 "Jhunjhunwala bullish on RTA business")
Alembic gets tentative nod from USFDA for anti-inflammatory drug
Analysts feel that Alembic has a robust pipeline for international launches and the revenue growth outlook for the company is around 18-20 per cent in the coming years
 "Alembic gets tentative nod from USFDA for anti-inflammatory drug")
NCDEX to add three more delivery centres for 'Gold Now'
Exchange on Friday announced Ahmedabad as delivery centre
DRI arrests nine persons with smuggled foreign-made cigarettes off Salaya harbour
Value of seized contraband estimated to be Rs 4.8 million
 "DRI arrests nine persons with smuggled foreign-made cigarettes off Salaya harbour")
Startup Village rolls out 'FINTECH Studio' scheme
In the first phase of the scheme, in partnership with Federal Bank, 40 teams (each five students) would be selected from colleges across Kerala
Kinfra plans footwear park at Kozhikode
The proposed project, with a project cost of Rs 107 cr, is expected to be completed in two years
 "Kinfra plans footwear park at Kozhikode")
Exploration Licensing 10 to be under new policy framework
The product-sharing mechanism is also being considered as a part of the ongoing exercise for determining the policy framework for NELP 10