Monday, 13 May 2019

13 May 2019 News

13th May 2K19

Economic Times

Ø  Piramal Group plans to buy operational renewable power projects of Mytrah
Ø  NBFC crisis imminent, says Corp Affairs Secy
Ø  RBI study finds why there's a dip in bank deposits
Ø  Positive sentiment continues for manufacturing sector in Q4, capacity utilisation up at 80%: FICCI survey

Business Standard

Ø  NCLT dismisses ICICI Bank's plea to initiate insolvency proceedings against Era Infrastructure
Ø  FPIs press exit button, pull out Rs 3,207 crore from markets in May
Ø  DMart Q4 net profit rises 21.4% at Rs 203 crore but margins remain weak
Ø  PNB Housing Finance reports net profit of Rs 379.7 cr in Q4FY19; up 51%
Ø  Apple's wait bears fruit with sub-continent's biggest store in Mumbai

Business Line

Ø  Reliance entry to digitise 5 million kirana stores by 2023: report
Ø  SRF to sell engineering plastics business to DSM India for ₹320 crore
Ø  PC Jeweller gets board’s nod for export division demerger

Mint

Ø  Tata group’s perfume brand Skinn eyes Rs 500-crore turnover by 2023
Ø  Vedanta’s benign March quarter results bring no solace for investors
Ø  Accor in talks to invest up to $50 million in Treebo Hotels
Ø  NCLAT dismisses insolvency plea against SpiceJet
Ø  Unilever considers $1 billion bid for skincare brand Drunk Elephant

Financial Express

Ø  Govt to set up panel under DGFT to look at steel availability for engineering exporters
Ø  Moody’s India probing IL&FS AAA rating by ICRA executives after whistle-blower complaint
Ø  US-China talks break up with no deal after Trump hikes tariffs on $200 billion in Chinese imports

Deccan Chronicle

Ø  Dalmia Bharat Q4 profit jumps over 2-fold to Rs 264 cr
Ø  Jaypee Infratech insolvency: Lenders ask NBCC to withdraw some conditions
Ø  COAI approaches DoT to stop sale of mobile signal boosters on e-commerce sites