27 Feb: News Roundup

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Business Standard

Ø  NCAER pegs India's 2018-19 economic growth at 7.5%

Ø  CBI seeks details of nostro transactions from 5 banks

Ø  DGS seeks HUL response on GST calculation method

Ø  WhatsApp leaks: HDFC Bank submits report to Sebi

Ø  Bhushan Steel bid: Liberty makes case before NCLT

Ø  Services, industrials to lift Q3 GVA print to 6.8%



Ø  UPI-based system mulled for retail investors in IPOs

Ø  Rs 11 trillion priority sector lending target achievable: FM

Ø  SBI Chairman expects PNB to clear Rs 13 bn dues

Ø  RInfra wins Rs 2.92 bn arbitration with Goa govt over non-payment of dues

Ø  RIL-BP's $4 bn plan for developing 3 sets of discoveries in KG-D6 approved

Ø  Weinstein studio to file for bankruptcy as investors stop funding

Business Line



Mint

Ø  ACC shelves plans to merge with Ambuja Cement

Ø  KYC norms for e-wallets made mandatory from March 1

Ø  Technology, better supervision needed to tackle banking malpractices: CII

Ø  Aircel’s woes rise as majority shareholder Maxis decides not to infuse more funds

Ø  Daiichi-Ranbaxy row: HC orders attachment of Singh brothers’ assets

Ø  PFC to lend Rs 50,200 cr for UP power projects



Ø  Indian equities no longer top pick among emerging markets

Ø  Trai begins consultation to fix service quality norms for LTE calls

Ø  Anadarko in talks with nine Indian firms to sell gas from Rovuma basin

Ø  Idea-Vodafone building war chest to take on rivals

Ø  Kalyan Jewellers looks to file IPO papers in a month

Ø  BSNL selects Nokia to launch 4G service in 10 circles

Ø  HG Infra IPO 11% subscription on Day 1

Financial Express



Financial Chronicle

Ø  70% IGST refund stuck due to flawed claims filed by exporters: CBEC

Ø  Vodafone group CEO Vittario Colao terms Trai predatory pricing rule as unfair

Ø  Govt publishes names of 9,500 high risk non-banking financial companies

Ø  Grundfos bets big on e-pumps; eyes Rs 1,000 cr turnover from India in 4 years



Ø  RBI raises currency derivative trade limit to USD 100 mn

Ø  Hindustan Zinc invests Rs 600 cr in 2 new mills

Ø  Bank NPAs to rise with new resolution rules

Ø  Warburg Pincus to sell part stake in Lemon Tree Hotels via IPO

Ø  Auction by Andhra Bank exposes chinks in banking