28 May 2019 News

Importantly News on May 28, 2019

Economic Times

Ø FinMin starts groundwork for fresh bank consolidation

Ø India's Economy big worry for Modi: FICCI

Ø Airtel submits Rs 644 Crore Bank Guarantee for Merger

Ø IndiGo Q4 Profit jumps 5-fold to Rs 590 Crore

Ø Provide names of Big Loan Defaulters: CIC to RBI

Ø Radio City to acquire 40 Big FM stations for Rs 1,050 Cr

Ø Arcelor, Resurgent said to mull joint bid for Essar plant

Business Standard

Ø China's planned curbs on Aluminium Scrap Imports nettles Indian players

Ø India Inc Q4 revenue growth slumps to six-quarter low of 10.7%

Ø Indian Hotels to go on Global expansion spree, may opt to buy out firms

Ø Avendus Future acquires stake in Bikaji Foods for Rs. 40 Crore

Ø Lupin's Goa plant may face regulatory action, says USFDA after inspection

Business Line

Ø BHEL Q4 results: Net profit jumps 50 per cent at ₹682.7 Crore

Ø Colgate-Palmolive Q4 net up 4.7% to Rs 197.50 Cr

Ø Inventory write-off drags Natco Pharma’s net down 60%

Ø Pension scheme provisioning pushes Oil India into red

Ø NHPC net up 2.5 times in Q4

Ø HAL’s Q4 profits 13.09% higher

Mint

Ø PIL against the operations of the Paytm Post Paid Wallet filed in Delhi HC

Ø Zee Entertainment Enterprises Q4 net profit up 26.8% to ₹292.53 Crore

Ø Kerala to levy 1% flood cess from 1 June

Ø Govt proposes WTO-compliant schemes to boost Make in India

Ø Zee stake sale to be completed by July, says Punit Goenka

Financial Express

Ø GDP growth in Q4 likely to moderate to 6.1-5.9%, may lead RBI to cut rates: SBI report

Ø Bid for BPSL: Lenders move NCLAT for quick approval to JSW Steel’s plan

Ø Ingen resolution plan for Orchid Pharma rejected again

Deccan Chronicle

Ø India Inc revenue growth in Q4 hits six-quarter low of 10.7 pc

Ø Confident of timely payment of salary for May: BSNL chief

Ø Amid recovery in greenback Rupee settles with 2 paise gain against USD

Ø Emami’s net sales up 5 per cent at Rs 635 Crore