15 March: News roundup

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Business Standard

Ø  World Bank projects India's FY19 GDP growth at 7.3%

Ø  SBI may challenge order against taking over assets

Ø  Currency in circulation back to pre-demonetisation level

Ø  LTCG relief for investors of unlisted cos as govt extends indexation benefit

Ø  Indian realty sector market to reach $180 billion

Ø  Saudi turns to nuclear power to curb oil addiction

Ø  Decoding Videocon's move on Philips, Electrolux



Ø  PNB fraud: RBI guv Urjit Patel blames regulatory constraints for scam

Ø  WB to raise lending to India by $1 bn for next five years

Ø   Strides Shasun gets US FDA approval for HIV treatment drug Efavirenz

Ø   Torrent may raise Rs 15 bn via QIP as it readies to bid for Sanofi assets

Ø   Revise GST, impose anti-dumping duty to boost textile sector: Parl panel

Business Line



Mint

Ø  Cabinet approves India, Iran double taxation pact

Ø  Wholesale price inflation eases to 2.48% in Feb

Ø  Ban on LoUs to have disruptive impact: India Inc

Ø  Suzlon installs India’s largest wind turbine generator

Ø  Calderys India Refractories eyeing 25% capacity expansion

Ø  L&T wins contracts worth₹1,600 crore



Ø  BoI hits pay dirt on recoveries, helps lift sentiment for public sector peers

Ø  Yes Bank acquires 17.31% stake in Fortis Healthcare

Ø  Bharat Dynamics IPO sees 46% subscription on Day 2

Ø  UltraTech Cement hikes bid for Binani Cement to $1 billion

Ø  PNB fraud: ED seeks Interpol warrant against Nirav Modi, Mehul Choksi

Financial Express



Financial Chronicle

Ø  Sensex, Nifty end in red as blue-chip shares plunge, PSU banks rise up to 14%; OMCs tumble

Ø  Bharti Airtel approves allotment of debentures to raise Rs 3,000 cr

Ø  67% Indian businesses hit by ransomware, 38% twice: Sophos

Ø  Aviation ministry eyes 5-fold rise in passenger trips to 1 bn in 15-20 years: Jayant Sinha

Ø  Clean-up act: Banks may give PNB short-term loans



Ø  Bandhan Bank aims to keep gross NPA below 1%

Ø  Wipro to divest hosted data centre services biz to Ensono for $405m

Ø  RBI Guv calls for more powers to regulate state-owned lenders