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Thursday, 30 May 2019

30 May 2019 News

30th May 2K19

Economic Times

Ø  RBI forms 2 panels to strengthen sale of stressed assets
Ø  GAIL seeks NCLT pass to admit claim against Videocon
Ø  10 yr tax break on builders' rental profit on anvil
Ø  NCLAT asks IL&FS firms classified green to pay debts
Ø  PNB sets Rs 20,000 crore recovery target in FY20
Ø  Telecom cos seek govt's help to unlock Rs 1,400 cr
Ø  NHB orders home financiers to appoint risk officer
Ø  RCom panel of creditors meeting on May 30

Business Standard

Ø  India 43rd most competitive economy, Singapore tops the list: Report
Ø  IDBI Bank invites bids for MF arm; ICICI Securities selected as advisor
Ø  Adani Enterprises' Q4 net profit up 47% at Rs 266 cr on energy biz volumes
Ø  Domestic air traffic registers negative growth in April, worst in 5 years
Ø  Singapore court rejects India's plea in case against Nissan: Report

Business Line

Ø  Adani power reports net profitof Rs 634.64 crore for March-quarter
Ø  RITES registers ₹132 crore net profit in Q4, up 70%
Ø  West Coast Paper Mills to buy majority stake in International Paper APPM
Ø  L&T picks up about 98,000 shares of Mindtree, raises stake to 28.87 per cent
Ø  Mah & Mah consolidated Q4 net falls 16% to₹969 crore
Ø  TARI model to gauge sectoral economic value

Mint

Ø  PowerGrid Q4 profit up 52% at ₹3,053.56 crore
Ø  SBI to raise up to ₹5,000 crore by issuing Basel III-compliant bonds
Ø  Hyundai says evaluating market for more SUVs, EVs in India
Ø  RBI sets up committee for development of housing finance securitisation market
Ø  RBI extends relaxed norms for NBFC loan securitisation till December 31
Ø  Ascendas-Singbridge plans to double India office portfolio

Financial Express

Ø  PNB to mop up Rs 10K cr from non-core asset sale, rights issue, write-back
Ø  Finolex Cables Q4 net profit rises 4 pc to Rs 84.9 crore
Ø  Spanish firm’s Rs 550-crore quick freezer plant to come up in Ludhiana
Ø  Jaypee Infra insolvency: Lenders put 5 conditions to NBCC for considering bid
Ø  Non-oil companies may get into fuel retailing, govt invites public comments

Deccan Chronicle

Ø  United States removes India from currency monitoring list
Ø  Rupee slips 14 paise to 69.83 vs USD
Ø  Sri Lanka signs port deal with India, Japan to develop container terminal
Ø  Bharti Telecom stake in Airtel comes down to 41.24 per cent
Ø  HDFC disburses Rs 2,300 cr as subsidy under PMAY