13th April 2K18
Economic Times
Ø Hero-Dabur now in race for Fortis Healthcare
Ø Essar Oil settles $2.5 billion Iran oil dues
Ø Govt should re-look at certain IBC provisions: Kotak
Ø Vedanta pledges $700 million to Konkola Mines, Zambia
Ø Funding a challenge for Rs. 8 tn Sagarmala projects
Ø Bitcoin surges 16% in sudden move to top $8K
Ø India, China join ranks to negotiate with oil producers for better bargain
Business Standard
Ø Etihad sends feelers to Anil Ambani to buy 76% stake in Air India
Ø Fresh fund infusion by Munjals and Burmans may alter Fortis sale plans
Ø IDBI Bank: High NPAs, new bad loan rules seen offsetting inflows
Ø Vedanta to save Rs 800 per tonne in long-term bauxite deal with OMC
Business Line
Ø Industrial production grows 7.1% in February
Ø Binani creditors’ forum seeks forensic audit of resolution process
Ø Oil Minister says no order to PSUs to absorb auto fuel price hike
Ø Exports to grow at 5.96% in Jan-Mar qtr: Exim Bank
Ø JP Associates deposits ₹ 100 cr in home buyers’ case
Mint
Ø Videocon loan case: Embattled ICICI board plans investor outreach
Ø Boost for Indian economy as inflation eases further, industrial growth rises
Ø JSW Steel-AION Capital emerges successful bidder for Monnet Ispat
Ø RIL, JM Financial bid jointly for Alok Industries
Ø Sebi issues disclosure norms to govern new mutual fund schemes post-merger
Financial Express
Ø Uptick in economic growth positive for Indian asset backed loans: Moody’s
Ø Raghuram Rajan says India’s economic growth looks pale only when compared with China
Ø This $100 billion investor pins hope on Modi’s war on NPAs; sees India as ‘engine of growth’ in 3-5 years
Ø CBDT proposes changes in norms for advance ruling
Financial Chronicle
Ø 15th Finance Commission mired in controversy
Ø Stressed loans plateauing, provisions to remain high
Ø A-I recorded 11% revenue growth in FY18: Kharola
Ø ICICI, Axis troubles point to governance issues in Indian banks, says S&P
Ø RBI should scrap 70-year age bar for pvt bankers
