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Monday, 20 May 2019

20 May 2019 News

20th May 2K19

Economic Times

Ø  MCA sees Rs 2.8 lakh cr recovery from IBC-led RP
Ø  IOC to examine US sanction's impact on CPCL plans
Ø  India may witness slowdown as oil imports decline
Ø  DoT to soon settle merger/transfer of licences in M&As
Ø  BoB looks to rationalise 800-900 branches
Ø  Pre-monsoon rainfall deficit drops to 22 per cent
Ø  Reliance Capital protests ratings downgrade

Business Standard

Ø  India reports trade deficit with 11 RCEP members in FY 2018-19
Ø  OPEC members meet to assess oil market after US sanctions on Iran
Ø  NMDC plans to acquire 100 per cent stake in Australia's Legacy Iron-Ore Ltd
Ø  Debt-ridden Essar Steel reports Rs 4,229 cr EBITDA during insolvency period
Ø  ICICI-Videocon loan case: Kochhar contests bonus clawback, ESOP termination

Business Line

Ø  CBDT allows AMCs to directly manage offshore funds out of India
Ø  NBFC crisis to top agenda of new govt
Ø  Jet employee group offers to invest $700 million
Ø  AgMA Energy plans to launch India-specific agri products
Ø  No interest in taking control of IndiGo: Rakesh Gangwal
Ø  Dredging Corporation of India wins annual contracts from Cochin and Paradip port trusts

Mint

Ø  ONGC, GIP, Tripura govt eye to buy out IL&FS’s 26% stake in OTPC
Ø  TCS eyes double-digit growth in FY20, says COO Subramaniam
Ø  Dr Reddy’s Laboratories serves a bitter medicine in March quarter
Ø  RBI's vision document on payment systems to spur digital economy: Fintech firms
Ø  Life insurance industry to focus on millennials, digital-human interface

Financial Express

Ø  IMFA posts loss of Rs 74 cr in January-March qtr
Ø  Power producers seek removal of double taxation on imported coal
Ø  RBI to boost card payments with 34% increase in PoS terminals by end of 2021
Ø  Japan’s Orix to acquire wind assets of IL&FS

Deccan Chronicle

Ø  GST Council may consider national bench of AAAR next month
Ø  FPIs withdraw Rs 6,399 crore in May so far
Ø  AstraZeneca moves US court against Aurobindo
Ø  RBI releases 'Vision 2021' for payment systems for 'cash-lite' society