Wednesday, 22 May 2019

22 May 2019 News

22nd May 2K19

Economic Times

Ø  Airtel, Voda Idea lose 30 mn users in March, Jio gains
Ø  Evaluating Jet Airways opportunity, says Hinduja Group
Ø  NCLAT reserves order on ArcelorMittal
Ø  PNB may take control of 2-3 small state-run banks
Ø  Indian millennials optimistic about economic outlook
Ø  Tech Mahindra inks defence contract worth Rs 300 cr
Ø  HPCL to borrow Rs 8K cr in FY20 to fund expansion

Business Standard

Ø  Co-location: NSE moves Securities Appellate Tribunal against Sebi rulings
Ø  ICRA downgrades long-term rating for IDFC First Bank from AA+ to AA
Ø  High-level committee submit strategies on reducing import: Oil ministry
Ø  RBI to establish supervisory body to strengthen regulation of banks & NBFCs
Ø  Corporation Bank plans to trim slippages by 50% to Rs 4000 crore in FY20

Business Line

Ø  EPFO looks to pull back NBFC investments to avert default risk
Ø  Govt turns the heat on directors in fight against shell companies
Ø  Small trucks see growth, bucking industry slowdown
Ø  Solar-powered water pump launched for farming sector
Ø  Reliance beats Indian Oil Corporation to become biggest Indian company
Ø  Vedanta bags two copper blocks in Maharashtra

Mint

Ø  India's thermal coal output seen growing 4.3% annually till 2028: Report
Ø  68% Indians feel job market has improved in last 5 years: Survey
Ø  India among top 20 countries in the Artificial Intelligence readiness ranking
Ø  IL&FS initiates claim process for 70 group entities
Ø  Sebi permits mutual funds to participate in commodity derivatives

Financial Express

Ø  Crompton Greaves Consumer Electricals Q4 net up 36% at Rs 140.54 crore
Ø  India projected to grow at 7.1% in FY’20: UN report
Ø  New Indian government faces crucial foreign policy decisions, say US experts
Ø  US-China trade war gradually destabilising world economy

Deccan Chronicle

Ø  46 pc ultra high net worth Indians to increase investment in private equity: Survey
Ø  L&T market capitalisation to touch Rs 3 lakh crore in five years: AM Naik
Ø  Oil rises on US-Iran tensions, but trade war concerns weigh
Ø  Rupee edges up 2 paise against US dollar as investors turn cautious