SCRAP POLICY

Steel Ministry To Announce Scrap Policy This Year

Draft Scrappage Policy Allows Benefits For Vehicles Older Than 20 Yrs

Steel Secy Arun Sharma Says Policy Will Be Out By December 2018

Scheme Will Come In Effect From April 2020

Mint Reports

BHARTI AIRTEL

Telenor India Eyes Bankruptcy Filing, Merger Plan With Airtel May Take Hit

Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval

Economic Times Reports

ESSAR STEEL

Lenders To Meet Today To Decide On Essar Steel

CoC May Give Time To Arcelor And Numetal To Rectify Bids

Business Standard Reports

ICICI SECURITIES

IPO under SEBI scanner

SEBI has sought details of investment made by ICICI Prudential MF

Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr

A large chunk was bought by ICICI MF

ICICI MF is ICICI Securities largest public shareholder with 3.82% stake

Mint Reports

THOMAS COOK

Board approves proposal for corporate restructuring

Move aimed at simplifying & clarifying structure & holdings

To focus on travel, forex, destination mgmt & portfolio investments

Restructuring will consolidate HR services into Quess Corp

Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co