News roundup: 21 Feb

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Business Standard

Ø  India Inc to invest $1 bn, create 5K new jobs in Canada

Ø  EPFO likely to announce 8.65% interest on EPF

Ø  Sundaram MF suspended from BSE Star MF



Ø  RBI may tighten approvals for offshore borrowing to avoid any defaults

Ø  Indian software services growth to remain flat at 7-9% in FY19 too: Nasscom

Ø  Deposit Rs 100 million to pay interest to home-buyers: SC to Supertech

Business Line



Mint

Ø  Gold falls to Rs 31,700; silver plunges by Rs 535 per kg

Ø  Realty, bank stocks pull Sensex down 71 points; Nifty falls to 10,360

Ø  MCX Natural Gas bounces from a long-term base



Ø  ArcelorMittal, VTB hit snag in pursuit of $6 billion Essar Steel

Ø  IndiGrid acquires 3 transmission assets, buys Patran Transmission stake for Rs232 crore

Ø  Reliance Jio sparks a face off between Trai, CCI

Financial Express



Financial Chronicle

Ø  Rupee tumbles 58 paise against US dollar, hits the lowest since November 2017

Ø  Sensex ends at 33,703; PNB settles in green after 5-day bloodbath, other PSU banks rally up to 5%

Ø  Mahindra to discontinue Xylo, Verito, Nuvosport by 2020: 4 new SUVs in addition to New Scorpio, XUV500



Ø  Dhaka SE approves China's bid; rejects India’s offer

Ø  RIL to acquire 5% in Eros International for Rs 1,000 cr

Ø  PNB fraud exposes holes in RBI supervision, audit