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NPCI On WhatsApp Payments, S&P Marks Biggest Weekly Increase In 5 Years et al

Professor of Financial Economics and Part-time Value Investor, Transfin.
Feb 17, 2018 12:26 PM 1 min read
Editorial

End of Day Wrap-up (Saturday / February 17, 2018) #CBI #PNB #NiravModi #SBI #AllahabadBank #ElectricVehicles #NPCI #TataSteel #JSW #BhushanSteel #stockmarket #stocks #Transfin

Editor's comments: CBI makes the 1st arrest in the $1.8bn PNB Fraud case, 1 former and 1 current PNB employee and 1 exec from Nirav Modi Group.


Govt drops plans to release a policy around Electric Vehicles, instead mentioning it will focus on various "action plans" for electric mobility transition. May result in retrenchment of infrastructural support with regard to charging stations.


NPCI assures full launch of Whatsapp payments to happen post compliance to all required norms, including interoperability norms around BHIM UPI.


Tata Steel offers INR1,000cr more than JSW for Bhushan Steel. JSW may place request to revise offer. Vedanta is highest bidder for Electrosteel Steels and JSW is the sole bidder for Monnet Ispat & Energy.


S&P 500 marks biggest weekly increase in 5 years, after big losses the week before driven by inflation concerns. Favourable data on consumer prices and retail sales calmed investors down.