News roundup: 16 Feb

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Business Standard

Ø  ED steps up heat on Nirav Modi, jewellery worth Rs 5,100 cr seized

Ø  PNB fraud: Banks refuse to buy Nirav Modi’s promises

Ø  Digital payments in India to reach $1 trn by 2023: Report

Ø  Banks' Association moves to check fall out of PNB scam

Ø  PW can carry out audit work till March 2019: SAT

Ø  MF investors to get LTCG info from CAMS from April

Ø  Govt to come out with new pharma policy: Ananth Kumar



Ø  January trade deficit widens to $16.30 bn; exports rise 9%

Ø  Centre to change base year for GDP, IIP to 2017-18

Ø  Bharti Airtel explores options to list Africa arm on global exchange

Ø  Pay retail investors for failure in IPO allotment: Sebi tells bankers

Ø  RBI ready to inject addl liquidity into banks by March end

Ø  Govt to bring major changes in Drug Pricing Control Order

Business Line



Mint

Ø  WPI inflation eases to 2.84% in Jan

Ø  India reviews anti-dumping duty on steel wheels from China

Ø  Small, medium rubber units hit by shortage of carbon black

Ø  GVK Power to divest stake in 3 subsidiaries

Ø  Essar sells CBM gas to GAIL using Reliance formula

Ø  Zee Learn to acquire 44% stake in MT Educare



Ø  Govt drops the idea of an India EV policy

Ø  India, Singapore exchanges eye trading link to Modi’s Gujarat

Ø  Airtel’s holding company for Africa explores IPO

Ø  Idea Cellular board approves Rs3,500 crore QIP

Ø  Wind power tariffs stay near record low of Rs2.44/unit in SECI auction

Financial Express



Financial Chronicle

Ø  World Bank identifies two global risks that could jeopardise India’s progress

Ø  Air India’s unpaid bills likely to raise its debt figure

Ø  Carlson-Rezidor Group eyes 100 hotels in India by end-2018

Ø  UK-based Liberty House left sole bidder for ABG Shipyard as Shapoorji Pallonji withdraws

Ø  Amazon now world’s third-most valuable company



Ø  PNB says has ability to recover after uncovering giant fraud

Ø  Govt mulls allowing foreign vessels in coastal waters

Ø  Revenue & profit of auto firms get a boost in Q3

Ø  Steel sector buyouts under IBC may invite CCI scrutiny