Tuesday, 30 April 2019

30 April 2019 News

30th April 2K19

Economic Times

Ø  PSBs’ merger: PNB, Union Bank & BoI may get a call
Ø  Companies face queries over input tax credit claims
Ø  IDBI seeks nod to extend Jaypee resolution deadline
Ø  Tribunal adjourns SBI's case against Ruias till May 15
Ø  Some employees want to bid for Jet, write to SBI

Business Standard

Ø  Macquarie double-downgrades YES Bank, cuts target price by 40%
Ø  Debt-ridden Reliance Capital ready to cede control in home finance
Ø  Foreign retail investors, NRIs allowed to invest in GIFT City bourses
Ø  India notifies pact with US for exchange of reports on tax evasion by MNCs
Ø  PNB takes Tarapur Textiles Park to DRT for $13-million loan default
Ø  Volkswagen India to merge 3 companies to save cost and boost sales

Business Line

Ø  US sanctions on Iran, rise in crude oil prices stoke inflation fears
Ø  Garden Reach bags ₹6,311-cr order to build 8 ASW water craft
Ø  Petronet plans floating LNG terminal off Andaman Islands
Ø  Aurobindo Pharma gets eco nod for AP plant expansion
Ø  IBBI gives defaulting promoters a last chance
Ø  Wipro Consumer Care acquires Splash Corp of the Philippines
Ø  HDFC Life outperforms peers, SBI Life gives tough fight on valuations

Mint

Ø  Interest earned on EPF balance post retirement is taxable
Ø  Bank of Maharashtra returns to profitability on better asset quality
Ø  Jan-Mar PE investment deal value touches $8,451 mn: report
Ø  Vijay Mallya repeats offer of 100% payback for Indian banks
Ø  Zomato to invest around ₹56 crore to set up 20 more warehouses

Financial Express

Ø  Despite challenges, steel industry fares well in FY 19
Ø  TDSAT reserves order on Bharti plea against DoT demand
Ø  ONGC readies investment plan for Kutch offshore
Ø  Vistara to lease six of Jet Airways’ grounded Boeing aircraft

Deccan Chronicle

Ø  FRP default: Maharashtra likely to issue notices to nine sugar mills
Ø  US consumer spending roars back
Ø  Oil falls after Trump-OPEC plan to offset Iran sanctions
Ø  India notifies pact with US to check tax evasion by MNCs
Ø  India, Peru to hold next round of FTA negotiations in August
Ø  Housing sales down 5 per cent in Q4