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Tuesday, 5 February 2019

05 February 2019 News

5th February 2K19

Economic Times

Ø  SBI, other performing PSBs may see stake sale
Ø  CERC pushes for 100% power sale in spot market
Ø  IDBI may now become LIC IDBI Bank or LIC Bank
Ø  TDSAT exempts RCom from one-time spectrum charge
Ø  India's exports to surpass USD 314 bn peak this year

Business Standard

Ø  Tata's plea to bid for Bhushan Steel struck down
Ø  RCom goes to NCLT to speed up Jio deal, hopes move will expedite DoT nod
Ø  Fugitive tycoon Vijay Mallya's extradition to India approved by UK minister
Ø  Zee group's Subhash Chandra gives personal guarantee to mutual funds
Ø  NCLAT asks govt for list of IL&FS firms categorised by financial position
Ø  Setback for Tata Steel as NCLAT upholds creditors decision on Bhushan Power

Business Line

Ø  Sugar mills want Centre to hike ex-mill price to help clear arrears
Ø  Fiscal deficit for April-December at 112% of FY19 Budget Estimate
Ø  Govt to begin process to monetise assets of CPSEs from April
Ø  Anti-dumping duty imposed on ‘fluoroelastomers’ from China
Ø  JSW Steel’s bid for Bhushan Power upheld
Ø  SRF posts a 26% jump in consolidated net

Mint

Ø  ONGC Videsh looks to pare stake in one of its costliest acquisitions
Ø  RBI to announce policy before noon on 7 February
Ø  Ruia, Essar Steel directors move NCLT to squash Mittal's bid
Ø  UPL open to buy back TPG Cap, ADIA  stakes in Arysta
Ø  Amfi’s MF campaign may turn focus on debt funds: Nimesh Shah
Ø  IndoStar to buy IIFL’s CV financing business

Financial Express

Ø  Rating agencies downgrade various loan facilities of DHFL
Ø  Jet Airways debt resolution plan outline is ready
Ø  Aditya Birla Fashion Q3 net up 100% to Rs 70 crore
Ø  TPG Growth set to invest $30 million in Solara Active
Ø  Coal India approves share owner buyback worth Rs 1,050 crore

Financial Chronicle

Ø  Governance standards improving in corporate India
Ø  Essel promoters sell shares worth over Rs 1,050 cr in 6 firms
Ø  Tribunal sets Feb 11 deadline to decide on Arcelor-Essar bid
Ø  Vedanta Resources rating downgraded to Negative
Ø  FPIs pull out Rs 5,300 cr from capital markets in Jan