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Wednesday, 4 April 2018

04 April 2018 News

4th April 2K18

Economic Times

Ø  Jio Payments Bank begins operations
Ø  IBC panel proposes revamping of resolution framework 
Ø  PSU banks wrote off Rs 2.42 lakh cr loans in 3 yrs
Ø  CAG flags EPFO's lower admin charges collection
Ø  Rupee jumps 17 paise to 65.01 ahead of RBI meet
Ø  2,200 entities default in paying fine to Sebi
Ø  NCLT adjourns hearing over Bhushan Steel sale to Apr 5

Business Standard

Ø  RBI drops Axis Bank from list of bullion importers
Ø  Rs 7.18 trn: July-Feb GST collections short of Rs 100 bn of original target
Ø  Deposit 15% of Rs 28 bn tax demand: HC to Cognizant
Ø  Direct tax collections surge 18% to cross Rs 10-trn mark in FY18: Jaitley
Ø  RBI did not do proper auditing during period of PNB loan fraud: CVC
Ø   WTO warns of economic damage from escalation in trade tensions

Business Line

Ø  Profiteering notice to Jubilant FoodWorks on Dominos pizza pricing
Ø  ATC completes Vodafone India’s Rs 3,850 cr telecom tower deal
Ø  SEBI may soon allow fund houses to invest in gold futures
Ø  Govt eyeing 10 GW of installed offshore wind power generation by 2022
Ø  Amazon India launches B2B global selling programme
Ø  Ola buys Mumbai-based public transport ticketing app Ridlr

Mint

Ø  Centrum group to sell money exchange business to US-based Ebix
Ø  Deepak Kochhar gets I-T notice in Videocon loan case
Ø  ICICI Securities raises Rs3,515 crore from IPO
Ø  Fresh investments in India point to modest recovery
Ø  Disney offers to buy Sky News to aid Fox bid for broadcaster
Ø  Goldman Sachs files suit to recover Rs36 crore from Videocon

Financial Express

Ø  CBDT signs 14 unilateral, 2 bilateral APAs in March
Ø  Finish issuing all demonetisation notices by May: CBDT to I-T department
Ø  Rising petrol and diesel prices could impact inflation and current account deficit, say analysts
Ø  Pharma sector may see recovery with FY19 profit set to jump 20-22%, says report
Ø  Big relief for home buyers; IBC panel suggests treating them as financial creditors

 Financial Chronicle

Ø  Algo trade rules eased for commodity exchanges
Ø  Almost 90% of Indian car buyers prefer electric cars
Ø  Factory growth declines to 5-month low on lacklustre demand
Ø  NSE, Colombo bourse sign pact for collaboration
Ø  Merrill Lynch sells stake in Indiabulls Housing Fin