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Friday, 1 March 2019

1 March 2019 News

1st March 2K19

Economic Times
 
Ø  Core sector growth slows down to 1.8% in January
Ø  Airtel gets board approval to raise Rs 32,000 crore
Ø  India to see lower productivity, weak demand: D&B
Ø  Govt keen on amalgamation of PSBs: Arun Jaitley
Ø  NCLAT orders resolution on Essar Steel bid by March 8
Ø  Sebi wants govt rethink on RBI representation on its board

Business Standard

Ø  NSE to introduce Brent Crude Oil futures contract on Mar 1
Ø  DBS to convert its India operations into wholly-owned subsidiary from Mar 1
Ø  2018 best year for M&As as deal values rise 126% to $80 bn
Ø  International Finance Corp to invest $165 mn in Bajaj Finance, Dodla Dairy
Ø  Infosys says Kiran Mazumdar-Shaw sold 1,600 shares without pre-clearance

Business Line
 
Ø  Naresh Goyal agrees to step down as chairman of Jet Airways
Ø  Iran buys Indian sugar to ease its oil-money headache
Ø  LG India aims for 30% growth in commercial ACs this year
Ø  NIIF, CDC & Eversource Capital to invest $330 mn in Ayana
Ø  Lupin launches chronic angina treatment drug in the US
Ø  Future Group to bring 7-Eleven stores to India
 
Mint

Ø  Cabinet clears ₹10,000 crore FAME II scheme
Ø  RBI constitutes task force under Usha Thorat on offshore rupee markets
Ø  REC board approves borrowing limit hike,₹11 per share interim dividend
Ø  J&J allowed to resume baby talc production
Ø  Fraud-hit PNB ranks highest in implementation of 'reforms agenda' in 2018: Study

Financial Express
 
Ø  SBICap Ventures’ Neev Fund to invest $5 million in renewable energy firm Prespl
Ø  Essar Steel case: NCLT rejects plea from 8 operational creditors
Ø  From $6 billion to $1.8 billion: Govt revises down FDI inflows into chemicals drastically
Ø  Sodexo to increase focus on small and medium enterprises in India
 
Financial Chronicle

Ø  Rupee recoups 52 paise to end at 70.72 per dollar
Ø  Kotak ties up with ADIA for USD 600 mn distressed assets fund
Ø  Increasing exports can lead to better jobs, higher wages in India: World Bank report
Ø  L&T Finance to raise up to Rs 1,500 cr via NCDs