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Tuesday, 20 March 2018

20 March 2018 News

20th March 2K18

Economic Times

Ø  Sebi exempts govt from open offers for six PSBs
Ø  Manufacturing cos Q3 sales up, profit subdued: RBI
Ø  Videocon to exit insurance biz, sell entire stake
Ø  No FDI in defence, ports, coal in Apr-Dec: Govt
Ø  Bring model scheme for construction workers: SC
Ø  DoT increases spectrum cap, installments for payments
Ø  'No new bank guarantee from Axis Bank to be accepted'

Business Standard

Ø  UltraTech to pay Rs 73 bn for 98% stake in Binani Cement, NCLT nod awaited
Ø  India has not signed any free trade agreement in last 3 yrs: Govt
Ø  RP places Rs 67-bn plan by Dalmia Bharat Cement for approval before NCLT
Ø  Manufacturing companies' sales improve in Q3, profit subdued: RBI
Ø   IOCL to commission Rs 30 bn polypropylene facility in six months

Business Line

Ø  UltraTech to buy Binani Cement, seeks end to insolvency proceedings
Ø  ‘New FSSAI norms will curb organic farming growth’
Ø  L&T set to win EPC contract for new dry dock in Kochi
Ø  Centre invites EoI for stake sale in Scooters India
Ø  IRB Infra bags road project worth Rs 2,043 cr from NHAI in Gujarat
Ø  Suzlon bags 500 MW wind energy projects through SECI bids

 Mint

Ø  Insider info: Sebi moves to plug WhatsApp leaks
Ø  Future Retail gets RBI nod to increase RFPI to 49%
Ø  Uttam Galva offers 51% of outstanding loan to avoid asset auction
Ø  Hindustan Aeronautics IPO subscribed 45% on Day 2
Ø  Supreme Court upholds sale of Park Hyatt Goa to ITC
Ø  RCom moves SC against Bombay HC, NCLT orders barring sale of assets

Financial Express

Ø  India, Hong Kong shake hands to avoid double taxation
Ø  India's domestic air passenger traffic on the rise, up 24% in February
Ø  Bhel commissions Ist unit of Kishanganga hydro project in Jammu and Kashmir
Ø  Alibaba to invest extra $2 billion in Lazada Group in aggressive Southeast Asian expansion

 Financial Chronicle

Ø  Bandhan Bank IPO subscribed 14.63 times
Ø  ED moves HC against acquittal of Raja, Kanimozhi in 2G case
Ø  Lemon Tree Hotels sets price band at Rs 54-Rs 56
Ø  CBI charge sheet against ex-CMD of Canara Bank CMD in Rs 68 cr loan case
Ø  Suzlon to build TWO wind projects in Gujarat