Monday, 1 April 2019

1 Apeil 2019 News

1st April 2K19

Economic Times

Ø  75 power companies have debt of Rs 2.24 lakh crore
Ø  Welspun Corp to sell assets worth Rs 940 crore
Ø  India to be among top-10 media markets by 2021: Study
Ø  ILFS Securities files case against Delhi Police's EOW
Ø  Govt notifies new accounting standard on leases
Ø  DGH seeks data on ONGC's top 47 fields
Ø  NBCC ready to buy more stressed realty assets

Business Standard

Ø  Direct tax mop-up reaches Rs 11.5 trn against revised target of Rs 12 trn
Ø  Govt extends deadline for linking PAN with Aadhaar by 6 months
Ø  DPIIT defining 'accredited investors' to boost investments in startups
Ø  L & T expects $1 billion revenue from L&T Nxt in 5-7 years
Ø  Roll-out of new, simplified monthly GST return forms deferred

Business Line

Ø  Lenders exploring Plan B if no single investor takes control of Jet
Ø  Insolvency law’s objective is reorganisation of defaulting firms, not recovery of dues: Sahoo
Ø  Titan increases stake in CaratLane with Rs 99.99 cr investment
Ø  Shapoorji Pallonji Infra sells 194 MW solar portfolio to Sprng Energy
Ø  Aurobindo Pharma, Lupin recall drugs in US market

Mint

Ø  Nippon Steel to bolster overseas business, focus on India
Ø  Bank of Baroda is now third largest lender as Dena, Vijaya merger take effect
Ø  SpiceJet launches 28 new flights under UDAN scheme
Ø  Cowrks to raise $350 million to fund domestic and foreign expansion
Ø  NPA recovery target in jeopardy on Essar Steel
Ø  Mauritius, Singapore investments now fully taxable for capital gains

Financial Express

Ø  135 startups get angel tax exemption so far from government out of 170 applications
Ø  Demonetisation impact: Over 14 lakh suspicious transactions generated, says FIU report
Ø  Current account deficit widens to 2.5% of GDP in Q3 on account of a higher trade deficit

Deccan Chronicle

Ø  India extends deadline to impose high import duties on 29 US products
Ø  Airlines responsible for their financial performance: Suresh Prabhu
Ø  FY19 sees 68 per cent drop in fund raising via equity
Ø  Gold to take cues from trade talks