Month: April 2018

 

China’s Fosun emerges as the 4th contender for cash-strapped Fortis

RBI Governor called by parliamentary panel on May 17

1.55 L post offices to be empowered as Payments Banks

RBI ramps up printing of currency notes

India to grow at 7.4 per cent in 2018: IMF

Swedish cos to invest 1.1 billion dollars in India

Rupee tanks to near 7-mth low of 65.64 a dollar

NCLT approves Vedanta’s resolution plan for insolvent Electrosteel

IMF sees world economy weaker post-2020, lifts US estimate to 2.9%

Rs 29-bn Rotomac case: CBI questions former Bank of Baroda CMD, 5 others

Bharat-22 ETF follow-on offer could be worth Rs 100 bn: Finance Minnistry

Higher tariffs could harm market sentiment, disrupt supply chains: IMF

GST to cut construction costs, not housing prices: report

India, US announce joint task force on natural gas

Crisil Q1 net jumps 14% on cost-control, better margins

Indian Hotels enters Saudi with first Taj hotel in Makkah

Marico to acquire up to 22.5% in Revolutionary Fitness

NHPC’s 50 MW solar project synced with grid

Aditya Birla Group in talks to raise $1 billion for Idea Cellular

Kedaara Capital may buy Munjals’ Sunbeam Auto for Rs650 crore

Mahindra & Mahindra joins Rs1 trillion market cap club

Crypto-exchange CoinRecoil challenges RBI order on cryptocurrency in Delhi HC

Deutsche Bank said to shelve $4.6 billion India portfolio sale

Indian investment proposals in France jump 73% in 2017

Six more states to launch intra-state E-way bill from April 20

Cash crunch: RBI clarifies sufficient cash in currency chests, printing of notes ramped up too

Glenmark Pharma to begin phase 2b clinical trial of atopic dermatitis drug

Government contemplating industrial health clinics for sick MSMEs

Govt raises FY19 highway project award target to 20,000 km: Gadkari

MFs get over Rs 67K cr from SIPs in FY18

IPO-bound HDFC AMC posts 31% rise in FY18 profit

CBI files Rs 621cr Punjab & Sindh Bank fraud case

 

• ‘Chinese investment risks Pak running into debt trap’
• Auditor BDO flags rule violations in Educomp deals
• ICICI Lombard frontrunner for Star Health
• Saudi against US plan to transfer embassy to Jerusalem
• Banks’ NPAs to rise by Rs 8,000 crore in Q4
• Tata Steel India posts highest output at 12.48 MT
• Eight of top 10 firms add Rs 83,672 crore to m-cap
• Govt raises Nabard’s authorised capital to Rs 300 bn to aid rural economy
• PNB scam: ICAI sends notices to statutory auditors of Brady House branch
• NITI Aayog VC says India will not take sides in US-China trade spat
• India to work with China against OPEC’s ‘Asian Premium’: Pradhan
• Lakshadeep emerges front-runner for Jaypee Infratech with Rs 73.5-bn bid
• Business as usual: RBI crackdown fails to deter bitcoin traders
• Maruti hits top gear, gaining more of passenger car market share in 2017-18
• CBIC details procedures on e-way bill verification, inspection of goods
• French defence major Thales sees India as manufacturing, export hub
• Balmer Lawrie looking at organic growth across businesses
• RIL, JM Financial bid to acquire Alok Industries rejected
• I-T dept seizes Rs 440 cr dividend income of Cairn Energy
• RBI scrutiny in 2016 found no ?quid pro quo’ in ICICI Bank loans to Videocon
• Embassy to invest $1 billion on warehousing space, says CEO
• IDBI Bank prepares roadmap for NPA reduction, improving financial health
• Facebook doesn’t use WhatsApp payments data for commercial purposes: WhatsApp
• Blackstone’s new $4 billion fund gives India top billing
• RBI ban on Letters of Undertaking: Switch to local credit may squeeze liquidity
• Electrosteel Insolvency case: IBBI fines Electrosteel resolution professional
• Insolvency and Bankruptcy Code effect: Banks stare at large haircuts
• Intra-state E-way bill rolled out in 5 states including Gujarat & Kerala
• India to rank among top 5 cosmetics markets
• Aluminum surges on supply constraint fears
• Mid- & small-cap segments bound to grow in years to come
• Guar gram prices may rise on exports demand
• 19  coalmines auction likely this quarter
• NPA maze: Govt for scrapping of one-day default norm

• Hero-Dabur now in race for Fortis Healthcare
• Essar Oil settles $2.5 billion Iran oil dues
• Govt should re-look at certain IBC provisions: Kotak
• Vedanta pledges $700 million to Konkola Mines, Zambia
• Funding a challenge for Rs. 8 tn Sagarmala projects
• Bitcoin surges 16% in sudden move to top $8K
• India, China join ranks to negotiate with oil producers for better bargain
• Etihad sends feelers to Anil Ambani to buy 76% stake in Air India
• Fresh fund infusion by Munjals and Burmans may alter Fortis sale plans
• IDBI Bank: High NPAs, new bad loan rules seen offsetting inflows
• Vedanta to save Rs 800 per tonne in long-term bauxite deal with OMC
• Industrial production grows 7.1% in February
• Binani creditors’ forum seeks forensic audit of resolution process
• Oil Minister says no order to PSUs to absorb auto fuel price hike
• Exports to grow at 5.96% in Jan-Mar qtr: Exim Bank
• JP Associates deposits 100 cr in home buyers’ case
• Videocon loan case: Embattled ICICI board plans investor outreach
• Boost for Indian economy as inflation eases further, industrial growth rises
• JSW Steel-AION Capital emerges successful bidder for Monnet Ispat
• RIL, JM Financial bid jointly for Alok Industries
• Sebi issues disclosure norms to govern new mutual fund schemes post-merger
• Uptick in economic growth positive for Indian asset backed loans:Moody’s
• Raghuram Rajan says India?s economic growth looks pale only when compared with China
• This $100 billion investor pins hope on Modi’s war on NPAs; sees India as engine of growth  in 3-5 years
• CBDT proposes changes in norms for advanceruling
• 15th Finance Commission mired in controversy
• Stressed loans plateauing, provisions to remain high
• A-I recorded 11% revenue growth in FY18: Kharola
• ICICI, Axis troubles point to governance issues in Indian banks, says S&P
• RBI should scrap 70-year age bar for pvt bankers

• Oil cos say no directive from govt to defer price hike
• Adani, Punj Lloyd, Rave tie up for aerospace & defence
• Banking crisis has impacted investment flows: IL&FS
• Tata Sons to consolidate aerospace, defence businesses
• Former RBI Dy Guv HR Khan joins Bandhan Bank board
• JSW Steel’s Monnet Ispat win a ‘mockery’: ArcelorMittal
• Govt floats proposal for first offshore wind project
• Indian economy to grow 7.3% this fiscal, fastest across Asia: ADB
• Govt’s social sector spending inadequate by global standards, says RBI
• Foreign funds with India link face uncertain future over Sebi’s diktat
• After touching 20-mth low in Feb, MFs see redemptions of Rs 500 bn in March
• Brent hits highest since Dec 2014 as Trump pledges Syria missile attack
• Air India buyer has to takeover interest-bearing debt of around Rs 165 bn
• Digital transformation will add $154 b to India’s GDP: Microsoft study
• Kochhar likely to continue as ICICI Bank chief for now
• Second wave of shale oil has started: IEA’s Birol
• ABG Shipyard: Lenders seek details on Liberty House bid
• Construction equipment major JCB upbeat on India
• Petronet LNGeyes first-ever overseas project
• Saudi Aramco partners Indian Oil, others to set up world’s largest refinery in Ratnagiri
• RBI enters the exciting new world of Big Data analytics
• L&T signs MoU with Bharat Electronics for defence products and systems
• NSEL scam: 63 Moons to move Bombay HC for defreezing accounts
• Jet Airways opts out of Air India stake sale process
• International Energy Forum 2018: Narendra Modi pitches for providing affordable energy to poor
• IMF chief Christine Lagarde optimistic on global growth, but warns against trade protectionism
• Government may take controlling stake in GSTN, even 100 pct
• RBI imposes Rs 30 mn penalty on IDBI Bank
• Banking on Modi?s reforms, world?s largest oil producer invests in $44 billion India refinery project
• Mahindra Powerol forays into gas genset segment
• BoB auctions assets way below loan value
• Govt to split gas marketing, transportation
• IHH preparing to rival TPG-backed firm’s Fortis bid
• Govt mulls maiden overseas sovereign bond sale

 

Manipal-TPG sweetens offer to buy Fortis Hospitals

Jio & Airtel ahead of Voda & Idea in call quality: COAI

Oil set to pinch more as Saudis eye crude price@$80

Dalmia Bharat seeks RBI help in Binani settlement

Fitch Ratings downgrades PNB’s creditworthiness

Wipro’s Rishad Premji appointed Nasscom chairman

Logistics companies plan to build and own warehouses

Government mulls to convert GST Network into 100 % state-owned company

Google files plea in NCLAT against CCI penalty for ‘search bias’

RBI plans to collect information on loan to Videocon from ICICI Bank

AION-JSW’s Monnet plan gets 98.97% committee of creditors’ voting

No bias against states in finance commission’s terms of reference: Jaitley

Vedanta’s plea to restart Sterlite unit operations in Tuticorin rejected

TN sugar output seen up a tad, but still at historic low

Passenger vehicle sales rise 6.38% in March

Hit by NPAs, IDBI pins hopes on its revival strategy to come out of the red

Essar Ports to up capacity utilisation at its terminals

Tech Mahindra, Balbix tie up for AI-based cyber security platform

India joins bankruptcy proceedings of Nirav Modi firms in US

Airtel, Telkom Kenya said to seek merger to take on Safaricom

ONGC, Rel in talks with customers to sell east coast gas

Air India sale: Buyer has to take on interest-bearing debt of Rs16,500 crore

China’s Ant Financial aims for $9 bn in new funding: Report

10-year bond yield surges 15 bps, rupee closes higher against US dollar

5 states account for 61% of e-way bill generation: GSTN

US budget deficit to surpass $1 trillion by 2020, two years sooner than expected

World’s largest solar park to come up in Gujarat, says CM Vijay Rupani

Louis Berger consortium bags contract for Mumbai Metro 4 line

Government withdraws memo inviting bids for Pawan Hans sale

India anti-trust case against Google goes to appeal

India, Egypt hold talks on providing new investment opportunities

BoB auctions assets way below loan value

Beneficial owner defined as one controlling FPI

Lenders okay JSW bid for Monnet

Cotton output pegged at 360 lakh bales

 

Issue public notice to auction Unitech’s assets: SC

Fraud is bank’s issue; won’t seek govt support: PNB MD

DMRC must pay 80% of RelInfra subsidiary’s debt: HC

IMF chief Lagarde says global recovery taking root

L&T terms Bhushan’s resolution plan as discriminatory

Govt may pay cane growers to help sugar mills

Govt may pay cane growers to help sugar mills

Global IT spending to grow 6.2% in 2018, hit $3.7 trillion: Gartner

Finmin may ask Sebi for relaxing minimum 25% shareholding norms for PSUs

Reliance Infrastructure wins Rs 10.81 billion EPC project for Kudankulam

NSE to move 15 firms to restricted trading category for surveillance review

Allegations against ICICI bank pose reputational risks: Fitch Ratings

Cement sector likely to post flat 5% growth in FY19: Report

Alembic Pharma gets USFDA nod for Acyclovir ointment

Pesticide-makers oppose provisions of new Bill

ED raids Vadodara firm, directors in Rs.2600-cr bank loan fraud

Max corruption complaints against railways, banks: CVC

Tariff hike issue: India wants amicable settlement with US

Govt likely to pay cane growers to help sugar mills

ICICI Bank board said to be divided over CEO Chanda Kochhar?s future

Bharat Petroleum may hive off gas business into separate wholly owned subsidiary

Swiss Aviation Consulting denies bid for Air India assets

Aircel bankruptcy seen hurting Wipro’s Q4 results

Sebi strengthens algo trading norms, co-location facilities

Novartis to pay $8.7 billion for gene-therapy company AveXis

NITI Forum to meet in Agartala tomorrow; to give boost to the development projects

Largest mortgage player HDFC hikes lending rate by up to 0.20%; increase in RPLR is effective from April 1

After RBI’s objection, Axis Bank CEO Shikha Sharma re-appointed only for 6 months

New biz models may create headwinds if Indian firms unable to evolve

Mild revenue growth ahead for IT industry

Bourses asked to give co-location services to small players

PSUs get 100-day deadline for development roadmap

Creditor drags BHEL to NCLT to recover over Rs 1 crore due

 

•  RBI maintains status quo, keeps repo rate unchanged
•  SFIO receives complaint against Larsen & Toubro
•  Need to correct legal asymmetry in RBI’s powers: Urjit
•  US trade deficit rises to near 9-1/2-year high
•  Israeli firms IAI & Rafael taken out of restricted list
•  Bank treasury to get more flexibility in managing cash
•  RCom hopes to cut debt by Rs 25k crore
•  GDP growth projected to strengthen to 7.4% in FY19; 7.3-7.6% in H2: RBI
•  Rupee surges 18 paise on bullish RBI growth call, low inflation forecast
•  Depositories to monitor foreign investment limits in Indian cos: Sebi
•  Special Rs 26-bn package to boost export of leather products, footwear
•  RBI looking to introduce central virtual currency, bans bitcoins
•  L&T construction arm bags orders worth Rs 3,376 cr
•  SC vacates stay on sale of RCom?s wireless assets to RJio
•  Trade stand-off: Indian cotton exports to China may bloom
•  India Yamaha Motor sets up 1,100 KW solar plant at TN unit
•  Hindustan Coca Cola Beverages sets up plastic recycling initiative in Hyderabad
•  CBI books Vadodara firm for Rs2,654 crore fraud; raids premises
•  NYSE agrees to acquire 136-year-old Chicago Stock Exchange
•  UltraTech?s last-minute $1.1 billion bid entertained by Binani Cement lenders
•  10-year bond yield slumps 17 bps as RBI cuts inflation forecast
•  RBI dumps GVA model, switches back to GDP to measure economy
•  20:80 gold scheme comes back to haunt RBI; CBI quizzes its 4 senior officials
•  Modi government cuts nuclear power capacity addition target to one-third
•  Domestic air travel demand soars to 22.9% in February, says IATA
•  Kirloskar introduces affordable farm machines
•  Smaller MFs grow faster than large funds in FY18
•  Govt to recover revenues from likes of Mallya
•  Finance minister suffering from kidney ailment
•  CBI questions RBI officials in PNB scam