28th February 2K20
Economic Times
Ø Jio doesn't have a single Chinese part: Ambani to Trump
Ø Coronavirus outbreak could impact India Inc: Report
Ø India's gas demand at inflection point, to rise by 66%
Ø DCC meet likely on Friday to discuss AGR relief: Source
Ø Jet lenders to seek fresh Expression of Interest
Ø Voda Idea wants 7-8 times hike in mobile data tariffs
Ø Tata Group comes under CCI lens, again
Business Standard
Ø India scores better than US in regulatory action by USFDA in 2019
Ø CRR-exempt loans: Deduction only on incremental lending, clarifies RBI
Ø Ind-Ra lowers outlook on domestic steel sector from stable to negative
Ø PFRDA chief mulls separate trust to manage private sector pension funds
Ø Sebi wants MFs to be agile in stress events, warns industry on mis-selling
Business Line
Ø Commerce Ministry assessing impact on pharma ingredient supplies from China
Ø HPCL buys 17.28% stake in Petronet MHB for Rs 185.38 cr
Ø JSW Steel takeover of BPSL to be delayed as the case moves to SC
Ø Australia keen to partner India in energy and resources sector
Ø India among top suppliers of pharma drugs used in trafficking: UN report
Ø Pidilite Industries buy majority stake in Tenax India Stone Products for ₹80 crore
Mint
Ø PNB fraud case: Sebi slaps penalty of ₹5 crore on Mehul Choksi, others
Ø IndiGo launches co-branded credit card Ka-Ching with HDFC Bank, MasterCard
Ø Bank credit growth slows to 6.3% for the fortnight ended 14 February
Ø IndiaMART becomes first B2B marketplace in India to register 10 crore users
Ø Hindustan Unilever, Nestle India top access to nutrition rankings
Financial Express
Ø Shared economy in India to be $2 billion industry by 2020-end: Maple Capital
Ø Coronavirus may hit global GDP by over $250 billion: Industry body
Ø IOC invests Rs 3,000 crore to upgrade Haldia refinery for BS-VI fuel
Ø UK court extends Nirav Modi remand to March 24 in PNB fraud case
Deccan Chronicle
Ø India's GDP Seen Growing At 4.7% In December Quarter, With Virus Impact To Come
Ø India-US Relationship Extraordinary; Progress Made In Bilateral Ties, Says Donald Trump
Ø India Fines Jewellery Firm Gitanjali Gems For Withholding Information In $2 Billion Bank Fraud
Ø HFCL Selects Audiocodes For Major Govt Telecom Network
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👉 NCLT clears GSK-HUL merger, paves way for GSK Plc’s exit through huge block deal - The National Company Law Tribunal’s (NCLT) Chandigarh branch on Wednesday cleared the scheme of merger between consumer goods giant GlaxoSmithKline Consumer Healthcare (GSKCH) and Hindustan Unilever. This clears the decks for GSK Plc to cash out its 5.7 per cent stake in Hindustan Unilever making it potentially the largest block trade in India.
Officials aware of the developments say Morgan Stanley is readying the share sale process, ET had reported on December 16.
👉 SC restores NCLT order asking Jaiprakash Associates to return pledged land to group firm JIL - The Supreme Court Wednesday restored the National Company Law Tribunal (NCLT) order directing Jaiprakash Associates Ltd (JAL) to return 758 acres of land, which was pledged with several banks, to its debt-laden subsidiary firm Jaypee Infratech Ltd (JIL). The NCLAT had allowed the pleas of all banks as well as JAL and held that the transactions were genuine and the allegation of undervaluation was not justified.
The NCLAT had quashed the verdict of NCLT, Allahabad, which on May 16, 2018 had held that the mortgage of properties of JIL, which was facing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC), in favour of the lending financial institutions of holding firm JAL cannot be countenanced.