Thursday, 12 April 2018

12 April 2018 News

12th April 2K18

Economic Times

Ø  Oil cos say no directive from govt to defer price hike
Ø  Adani, Punj Lloyd, Rave tie up for aerospace & defence
Ø  Banking crisis has impacted investment flows: IL&FS
Ø  Tata Sons to consolidate aerospace, defence businesses
Ø  Former RBI Dy Guv HR Khan joins Bandhan Bank board
Ø  JSW Steel's Monnet Ispat win a 'mockery': ArcelorMittal
Ø  Govt floats proposal for first offshore wind project

 Business Standard

Ø  Indian economy to grow 7.3% this fiscal, fastest across Asia: ADB
Ø  Govt's social sector spending inadequate by global standards, says RBI
Ø  Foreign funds with India link face uncertain future over Sebi's diktat
Ø  After touching 20-mth low in Feb, MFs see redemptions of Rs 500 bn in March
Ø  Brent hits highest since Dec 2014 as Trump pledges Syria missile attack
Ø  Air India buyer has to takeover interest-bearing debt of around Rs 165 bn

Business Line

Ø  Digital transformation will add $154 b to India’s GDP: Microsoft study
Ø  Kochhar likely to continue as ICICI Bank chief for now
Ø  Second wave of shale oil has started: IEA’s Birol
Ø  ABG Shipyard: Lenders seek details on Liberty House bid
Ø  Construction equipment major JCB upbeat on India
Ø  Petronet LNGeyes first-ever overseas project

 Mint

Ø  Saudi Aramco partners Indian Oil, others to set up world’s largest refinery in Ratnagiri
Ø  RBI enters the exciting new world of Big Data analytics
Ø  L&T signs MoU with Bharat Electronics for defence products and systems
Ø  NSEL scam: 63 Moons to move Bombay HC for defreezing accounts
Ø  Jet Airways opts out of Air India stake sale process

Financial Express

Ø  International Energy Forum 2018: Narendra Modi pitches for providing affordable energy to poor
Ø  IMF chief Christine Lagarde optimistic on global growth, but warns against trade protectionism
Ø  Government may take controlling stake in GSTN, even 100 pct
Ø  RBI imposes Rs 30 mn penalty on IDBI Bank
Ø  Banking on Modi’s reforms, world’s largest oil producer invests in $44 billion India refinery project

 Financial Chronicle

Ø  Mahindra Powerol forays into gas genset segment
Ø  BoB auctions assets way below loan value
Ø  Govt to split gas marketing, transportation
Ø  IHH preparing to rival TPG-backed firm’s Fortis bid
Ø  Govt mulls maiden overseas sovereign bond sale