Tuesday, 5 March 2019

05 March 2019 News

5th March 2K19

Economic Times

Ø  India needs land, labour reform to aid mfg: CEA
Ø  India Inc's foreign borrowing down 45% at $2.42 billion in Jan
Ø  Stressed accounts of Bhushan Power, Essar up for sale
Ø  After Mallya saga, Sebi wants Companies Act changed
Ø  MSCI India weight in MSCI EM index likely to fall 20 bps by November-end: Goldman Sachs
Ø  Gail chosen for Vedanta’s Barmer gas output buy

Business Standard

Ø  ONGC recieves single bid from US firm for oil field production upgrade
Ø  RIL arm to acquire stake in Grab a Grub and C-Square for Rs 228 crore
Ø  IDBI Bank gets govt nod to handle import, export transactions with Iran
Ø  DIPAM to set up asset-monetisation cell to hasten sale of CPSE assets
Ø  RBI slaps Rs 11-cr fine on 4 banks for non-compliance in Swift operations

Business Line
 
Ø  GMR Hyderabad airport divests stake in flight training academy
Ø  ‘Trump’s tirade against India’s import tariffs unfair’
Ø  Coffee exports up 13% in first 2-months of 2019
Ø  BHEL to set up solar-based EV charger network on Delhi-Chandigarh highway
Ø  Adani Ports to pump ₹53,000 cr to expand capacity of Kattupalli port
 
Mint

Ø  Jet pledges FDs worth ₹1,500 crore with State Bank of India to stay in the air
Ø  OPEC likely to defer output policy decision until June: Report
Ø  Superior execution powers ABB India, but lofty valuations set the bar high
Ø  Mahindra Lifespace looks to add strategic investment partners
Ø  Panel to review if Sun Pharma, Meril Life merit price cap relief

Financial Express
 
Ø  Despite shining steel, power and debt to remain drag for JSPL
Ø  Nestle India unlikely to increase royalty payout beyond 4.5%
Ø  Grant Thornton identifies Rs 13,000 crore worth irregularities in report on IL&FS
Ø  Orchid Pharma set for fresh EOIs for resolution plan, Divis and Gland Celsus Bio show interest
 
Financial Chronicle

Ø  Govt to set ball rolling for 1 GW solar power in NE
Ø  Helpless Mumbai Port Trust sits on 1,900-acre prime land
Ø  DBS Bank floats local arm, aims to triple business
Ø  GST collection drops to Rs 97,247 crore in February
Ø  Sebi board approves lowering of fees, easier norms for startups