Friday, 24 May 2019

24 May 2019 News

24th May 2K19

Economic Times
 
Ø  India's rating hinges on policies of new govt: Moody's
Ø  Adani Ports to set up first container terminal outside India in Myanmar
Ø  De-growth in domestic traffic due to Jet Airways grounding: Icra
Ø  DP World acquires 76% stake in KRIL
Ø  Startups to restart talks on issues with govt
Ø  Modi's big win signals strong GDP growth to continue

Business Standard
 
Ø  EPFO may suspend investment in private sector bonds, say sources
Ø  Nippon Life, Reliance Capital sign deal for sale of mutual fund arm
Ø  GIC Q4 PAT down 19.7% at Rs 603 cr on provisioning for IL&FS exposure
Ø  Basmati exporters hold shipments to Iran fearing payment defaults
Ø  Domestic pharma companies eye robust growth from US market in FY20

Business Line
 
Ø  Steel Strips Wheels bags orders for 400,000 wheels
Ø  New govt to award lease rights for 6 non-metro airports to Adani
Ø  Hindujas may invest₹1,500 cr in Jet
Ø  Stable govt to boost economic growth, foreign fund flow: India Inc
Ø  After OFS, promoter stake in Adani Green reduces to 80%
 
Mint

Ø  China says door open to trade talks, but slams tech controls
Ø  Spectrum auction, 5G trials top Telecom Ministry agenda for new government
Ø  Stock market wealth grew by ₹75 lakh cr since Modi-led NDA won polls in 2014
Ø Liberalization of debt financing norms: The need to evaluate investment models
Ø  DHFL Pramerica MF merges schemes with risk debt, launches side pocket in 2 FMP

Financial Express
 
Ø  BJP’s victory to improve biz sentiment, boost pvt investment: Fitch
Ø  EU, China, Thailand join hands against India’s ICT products tariff
Ø  Ola Fleet Tech gets Rs 40-crore loan from Tata Motors Finance
Ø  April witnesses 96% fall in M&A deal values: Report
 
Deccan Chronicle

Ø  Rupee pares gains, settles 36 paise down at 70.02
Ø  Sensex sheds 298.82 to close at 38,811; Nifty shrinks to 11,650
Ø  Paytm Payments Bank posts profit of Rs 19 cr in FY'19
Ø  Hulst BV acquires additional 98,100 shares in NIIT Technologies