26th April 2K19
Economic Times
Ø RBI to attract more foreign capital for nation-building
Ø India's crude oil production drops 4 per cent in FY19
Ø Jet Airways stake sale process may hit SOEC hurdle
Ø Tata Steel reports Q4 profit of Rs 2,431 crore
Ø NBCC sweetens bid for Jaypee Infra, offers land parcels
Ø Bank credit grows by 14.19%, deposits 10.60%: RBI data
Business Standard
Ø Tata Steel board approves merger of Bamnipal Steel & Tata Steel BSL
Ø RBI deputy governor B P Kanungo bats for capital account liberalisation
Ø Maruti signals tough road, gives weakest growth forecast in the past 5 yrs
Ø Major lapses in Deloitte audit of IL&FS Financial Services, says SFIO
Ø Insolvency process: NCLT asks bank officials to appear in Sterling SEZ
Ø Ruchi Soya case: Lenders to meet on Friday to consider Patanjali's offer
Business Line
Ø US official insists on zero oil imports from Iran
Ø ‘High fuel prices may have led to a slowdown in auto sales’
Ø India sets a record foodgrains target of 291 million tonnes
Ø Wendt (India)’s PAT up 10% in FY19
Ø Hind Copper approves raising up to Rs 1,400 cr through QIP
Ø Glenmark gets nod to market nasal spray as OTC product in Russia
Mint
Ø Microsoft edges toward $1 trillion valuation on results beat
Ø Sebi move opens up REITs and InVITs to retail investors
Ø Axis Bank has fixed its big bad loans but small loan risks are rising
Ø Nirav Modi to appear for remand hearing via videolink from jail on Friday
Ø UAE's largest sewage treatment plant built by L&T inaugurated
Financial Express
Ø PE/VC investments in March at all-time high of $7 billion: EY report
Ø Quikr buys Sequoia-backed online marketplace Zefo
Ø IFC looks to provide $43.3 million debt financing to Hero Future Energies for solar farm business
Ø Shriram City Union Finance net profit grows tenfold
Ø Scheme for Non-PPA units: States show interest in 1,400 MW of power
Deccan Chronicle
Ø Stressed assets resolution: RBI mulls giving 60 days additional time for repayments
Ø Vodafone Idea’s Rs 25,000 crore rights issue sails through
Ø Higher tariff in auction for mid-term PPA auction positive for power producers: ICRA
Ø Vedanta gets green nod for Rs 12,000 crore project
Ø Rupee dives to 6-week low as crude spikes above USD 75 per barrel
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👉RBI asks Banks & Financial Institutions to disclose their exposure to the Bankrupt Infra Lender “IL&FS” in their forthcoming earnings announcements and provisions in Q4 accounts. IL&FS and its 348 group companies owe over Rs 94,000 crore, of which over Rs 54,000 crore are owed to banks.
👉RBI is likely to lower the Approval Threshold in its revised circular for Resolving Stressed Assets to 66% of lenders by value from the current level of 100%. RBI is also likely to detail the mechanism for the buyout of exposure from banks that is not in compliance with the majority of the lenders on the Resolution Plan, Third-Party Security and Additional Funding
👉RBI sells Entire Stake in NHB & NABARD to Govt. for ₹ 1,470 cr. in total. With this, the Government now holds 100% stake in both these Financial Institutions. The transactions were completed on February 26 (Nabard) and March 19 (NHB).
👉RBI Committee may recommend that all Government Payments & Public Payments to citizens should be made digitally. The move seeks to ensure higher adoption of digital payments among the masses. The RBI panel on digitization is also likely to press for encouraging citizens to pay income tax and challans digitally
👉MCA Extends Due date of filing form INC 22A (ACTIVE Form) till 15th June 2019, giving corporates more time to comply with a provision aimed at spotting shell companies.
👉NSE excludes F&O contracts on Suzlon, PCJ, Jet Airways and 31 other securities from June 28. Accordingly, no contracts shall be available for trading in the above mentioned security with effect from June 28
