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Tuesday, 27 March 2018

27 March 2018 News

27th March 2K18

Economic Times

Ø  PNB plans vertical to recover stressed assets
Ø  Rs 8,297cr demand notices slapped on Coal India firm
Ø  Land degradation may affect 3.2 billion people globally
Ø  Telcos revenue, license fee shrank in FYQ3: TRAI
Ø  India-EU FTA negotiations likely to resume soon
Ø  JSW Steel to invest $500 million in Texas unit
Ø  Centre asked to consider BS-VI fuel from April 2019 

Business Standard

Ø  Economy to double to $5 trn by 2025; no risk to inflation target: SC Garg
Ø  Essar Steel insolvency: ArcelorMittal drags bankers' rejection to NCLT
Ø  Govt plans to borrow Rs 2.88 trn in H1FY19; to issue inflation indexed bonds linked to CPI
Ø  Unlisted PSUs buy back Rs 26 bn stocks to help meet disinvestment goal
Ø  NMDC declares interim dividend of 430%; shareholders pocket Rs 13.60 bn

Business Line

Ø  ASICS looking to double topline growth in India
Ø  RBI to keep policy rates on hold, maintain neutral stance: Report
Ø  China promises to address trade deficit issue with India
Ø  Dr Reddy’s launches generic version of therapeutic injection
Ø  Maruti’s new Swift clocks over 1 lakh bookings in 10 weeks
Ø  KEC International wins contracts worth Rs 2,419 cr

Mint

Ø  ICICI Securities IPO size cut to Rs3,520 crore, sees 78% subscription
Ø  Tata Power sell Tata Comm shares to parent for Rs2,150 cr
Ø  Govt plans ban on sale of fairness creams containing steroids
Ø  Bank privatisation not answer, empower bank boards: Industry
Ø  Small savings interest rates may not go up in April-June

Financial Express

Ø  Axis Bank’s rating unaffected by not honouring guarantee, says Fitch Ratings
Ø  Government to borrow Rs 2.88 lakh crore in first half of FY19; announces short-term securities
Ø  Reliance Jio is top innovator brand in India, Google leads global list
Ø  Lakshmi Mittal’s ArcelorMittal moves court against Essar Steel bid rejection
Ø  Oil import bill may jump by 25% in FY18

Financial Chronicle

Ø  150,000 primary health centres to be turned into wellness units
Ø  EU starts safeguard probe into some steel products, India worried
Ø  India’s biggest challenge is to get more & more people to pay income tax: CEA
Ø  BSNL eyes 13% market share; slams DPE for clubbing it with MTNL, AI