News roundup: 28 Feb

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Business Standard

Ø  Market volatility won't stop more rate hikes: Fed Chair

Ø  'Monetisation of road projects can fetch Rs 1.25L cr'

Ø  Probe NPAs above Rs 50 cr, alert CBI, PSBs told

Ø  World's biggest wealth fund returned $131b in 2017

Ø  Nirav Modi-owned Firestar files for bankruptcy

Ø  Dalmia Bharat consortium highest bidder for Binani

Ø  Big banks brought stress to the system: RBL Bank



Ø  Total foodgrain production estimate hits record 277.49 mn tonnes in 2017-18

Ø  GST revenue collection dips marginally in Jan to Rs 863 bn

Ø  Jute industry stares at nearly Rs 8 bn loss on dilution plan

Ø   Moody's upgrades outlook on IDBI Bank to 'positive' from 'stable'

Ø  AIIB approves $1.5-bn in loans to India for infrastructure projects

Business Line



Mint

Ø  15-day deadline to public sector banks for identifying risks

Ø  ‘PNB does not need immediate capital allocation’

Ø  No transaction fee on cross-currency derivatives trade for 3 months: NSE

Ø  PM woos South Korean investors, assures protection

Ø  Andrew Yule to divest engineering division

Ø  Banks’ NPA from gem and jewellery sector rises to 30%



Ø  PNB fraud: Banks seek forensic audit of Gitanjali Gems

Ø  Telecom firms free to match Reliance Jio’s cheap tariffs, rules Trai

Ø  GIC to buy minority stake in Prestige’s Exora Business Parks

Ø  Creditors may offer to sell Amtek Auto along with subsidiaries

Ø  PNB says fraud may cost bank nearly $2 billion

Ø  Siemens unit’s IPO value is said to slip toward $32 billion

Financial Express



Financial Chronicle

Ø  Arun Jaitley seeks higher funding for India from AIIB to bridge infrastructure gap in Asian region

Ø  Comcast challenges Rupert Murdoch with $31 billion offer to buy Sky

Ø  PNB Fraud Case: Part of Nirav Modi's money trail leading to Delaware in US, says ED source



Ø  Finally bank credit growth moves into double-digits in Q2

Ø  Hindustan Zinc invests Rs 600 cr in 2 new mills

Ø  MFI gross loan portfolio up 43%, delinquencies down

Ø  Essar Steel auction a labyrinth of complex laws and ambiguities

Ø  Govt may double import duty on wheat