Monday, 27 May 2019

27 May 2019 News

27th May 2K19

Economic Times
 
Ø  Power gencos outstanding dues on discoms jumps 63pc
Ø  COAI urges new govt to ease telecom sector's woes
Ø  Govt to merge CSO with NSSO to create new stats body
Ø  GMR Group gets a major tax relief from Maldives
Ø  Government restricts bio-fuel imports
Ø  UK must be ready to leave EU without deal: Raab
Ø  Manipal Hospitals to buy Medanta in Rs 5,800 crore deal

Business Standard
 
Ø  Renault and Fiat set to announce talks for a potential merger: Report
Ø  Switzerland steps up sharing banking info; 11 Indians get notices in a day
Ø  Indians top investors in Dubai's gold sector among 10 nationalities: Report
Ø  Jaypee Infratech's creditors to discuss NBCC acquisition bid on May 30
Ø  India Cements Q4 profit up 24% at Rs 44 crore on improved prices

Business Line
 
Ø  GST standard rates may not be merged any time soon
Ø  CBDT eyes 20% jump in tax revenue
Ø  Usha International bets big on water pump biz
Ø  Textile industry asks retailers to source garments locally
Ø  Salzer acquires 72% stakein Kaycee Industries
Ø  Adani Solar eyes 50% share in retail market for panels
 
Mint

Ø  India rejects attempts by US, others to deny policy space at WTO
Ø  Single authority for sanctioning, processing GST refunds likely by August
Ø  JSW Steel navigates softer commodity prices well in Q4
Ø  Air India bid to sell prime real estate fails to take off
Ø Government asks Jet Airways’ lenders to share audit report

Financial Express
 
Ø  Trai spectrum prices high due to inconsistency in principles: Study
Ø  Indians lead top 10 nationalities investing in Dubai’s gold sector
Ø  India will be single best place to invest in the future, says Fairfax’s Prem Watsa
Ø  Cipla says looking at continued growth across key markets in FY20
 
Deccan Chronicle

Ø  FPIs pull out Rs 4,375 crore in May so far
Ø  FinMin to launch ETF with bank stocks, fin institutions this fiscal
Ø  Fortis Healthcare posts Q4 net profit of Rs 151 cr
Ø  FPIs pump in over Rs 5,800 crore post-polls
Ø  L&T picks up Mindtree shares worth Rs 316 cr between May 20-24