29th March 2K19
Economic Times
Ø RBI eases office opening process for foreign entities
Ø Banks' consumer durable loan business shrinks 75%
Ø Merger of Vijaya, Dena banks with BOB to continue: SC
Ø Lenders ask for fresh round of bidding for Amtek Auto
Ø L&T’s construction division bags Rs 2,500 cr orders
Ø ZF signs agreement to acquire WABCO for $7-bn
Ø PFC completes REC acquisition, hopeful of merger soon
Ø Irdai keeps third party motor insurance rates unchanged
Business Standard
Ø Bank union to write to govt, RBI against infusing money into Jet Airways
Ø Donald Trump presses OPEC to boost output to bring down oil prices
Ø S&P downgrades Tata Motors, subsidiary JLR credit rating for weak profits
Ø Govt to infuse Rs 5,042 cr into BoB ahead of merger with Dena, Vijaya
Ø Infosys to buy 75% stake in ABN AMRO's mortgage services arm for $143.5 mn
Business Line
Ø India keen to re-start talks on trade package with the US
Ø Lupin launches generic skin treatment cream in US market
Ø Siemens Gamesa commissions 10 MW solar project for Lakshmi Machine Works
Ø Indonesia, India palm groups to propose tax incentives to certified palm
Ø PE, VC investment in India at $20.5 bn in 2018: Report
Ø Jet defaults on ECB due to ‘temporary constraints’
Mint
Ø Need to reinvent Niti Aayog, says former RBI Guv Y V Reddy
Ø M&M to raise vehicle prices due to high commodity rates
Ø Alstom bags ₹700 cr contracts from Mumbai, Pune metros
Ø PFC is now the second largest govt-owned financial firm after SBI
Ø DLF's over ₹3,000 crore QIP closed; issue price fixed at ₹183.4 a share
Ø IOB receives shareholders nod for ₹3,806 crore capital infusion
Financial Express
Ø Bigbasket valuation hits $2.2 billion; turns unicorn with $150 million funding from Alibaba, others
Ø Manappuram Finance withdraws release on securing funding from NABARD
Ø Bandhan Bank, Gruh finance merger by Dec; to push affordable housing
Ø Axis Trustee, IndusInd invoke 15.6% pledged shareholding in RCom
Ø Orchid Pharma’s promoter firm too goes under resolution process
Deccan Chronicle
Ø Sensex rebounds over 400 points, Nifty ends at 11,570
Ø Commerce ministry for imposition of countervailing duty on Chinese pneumatic tyres
Ø Rupee plunges 42 paise to 69.30/USD on stronger dollar
Ø Singapore recalls BP drugs with India-made ingredient