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Thursday, 28 February 2019

28 February 2019 News

28th February 2K19

Economic Times

Ø  India’s GDP growth seen at 6.7-7.2% in 3rd quarter
Ø  Norway's $1 trillion fund loaded up on stocks at end of 2018
Ø  BHEL pays 40% interim dividend for FY19
Ø  Govt brings 42 cancer drugs under price control
Ø  Billionaires take $1 tn hit from 2018 mkt meltdown
Ø  Cabinet likely to clear Rs 10,000 crore FAME II scheme
Ø  OnePlus, Qualcomm plan to start 5G trials in India

Business Standard

Ø  National drug pricing regulator fixes retail value of 36 formulations
Ø  Rs 20,000 cr GST evasion detected in April-Feb FY19, half recovered
Ø  Banks oppose RCom's proposal to use tax refunds to pay Ericsson dues
Ø  Wipro to sell part of its Appirio business to Alight for $110 million
Ø  Airtel, Vodafone-Idea fibre JV a business opportunity for PE funds

Business Line

Ø  NPPA caps trade margins to 30% for 42 anti-cancer drugs
Ø  IGL adding record number of PNG users this fiscal
Ø  PE deals grew 36% y-o-y in January this year
Ø  BPCL-Kochi Refinery’s second petrochem project to start in 2022
Ø  Panel to overhaul direct tax law seeks 3-months extension
Ø  IOC wins city gas licences for 10 areas; HPCL 9

Mint

Ø  Brazil to challenge India's sugar subsidies in WTO consultation
Ø  SBI reports fraud worth ₹7,951.29 crore in Apr-Dec
Ø  Saudi defiant on oil cuts after Trump tells OPEC to 'relax'
Ø  Chalet Hotel eyes distressed assets, more hotel brands for expansion
Ø  Sebi plans amending norms pertaining to corporate debt rejig

Financial Express

Ø  India to evaluate Chinese telecom equipment threat after US, Australia boycott Huawei
Ø  Massive interest rate cuts on cards as RBI seen aggressively easing monetary policy
Ø  Adani wins bid to run Thiruvananthapuram airport; Kerala govt moves HC against transfer
Ø  Bank of Baroda puts NPAs worth Rs 6,000 crore on sale, including RCom debt

Financial Chronicle

Ø  Sebi’s not ‘fit and proper’ norm applies to all 300
Ø  Union Cabinet set to clear Rs 10,000 crore electric vehicle scheme
Ø  Domestic cement sector to see modest growth in FY20: report
Ø  India's economy seen losing momentum ahead of election