23 March: News Roundup

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Business Standard

Ø  CAD may treble to $10-12 billion in Q4: Icra

Ø  M&A deal volume at 7-year high in 2017: EY

Ø  PNB issued over 41k LoUs since 2011: FinMin

Ø  PSU bets give LIC a Rs 20,000 crore headache

Ø  PNB fraud: Interpol seeks additional info from ED

Ø  Tax-free gratuity limit doubles to Rs 20 lakh

Ø  Reliance Retail plans to raise Rs 4k cr via rights issue



Ø  Trump to hold off steel tariffs for EU, six others: US trade envoy

Ø  Confident about expeditious completion of asset sale plan: RCom

Ø  Cox & Kings sells 11.58% stake in education and hotels arm for Rs 4.5 bn

Ø   SC refuses to lift stay on RCom asset sale to Reliance Jio

Ø  Indian Oil considers investing $3.5 bn from April to expand capacity

Business Line



Mint

Ø  Capital gains from buyback ‘gold rush’ on taxman’s radar

Ø  Deadline for bidding oil and gas blocks extended to May 2

Ø  Shortage of coal continues to hit power generation

Ø  Merger of Dish TV India, Videocon d2h completed

Ø  Panel of creditors urges NCLT to consider Dalmia Bharat’s bid for Binani Cement

Ø  Hero MotoCorp hikes stake in Colombian jt venture to 68%



Ø  Last date of bidding for 55 oil and gas blocks extended

Ø  Standard Chartered is said to start sale process for private equity unit

Ø  After PNB, SBI, now Union Bank of India hit by bank fraud

Ø  ICICI Securities IPO sees 29% subscription on Day 1

Ø  IRB Infrastructure bags Rs3,400-crore road project from NHAI in UP

Ø  Kumar Mangalam Birla to lead Vodafone-Idea combine’s leadership team

Financial Express



Financial Chronicle

Ø  Proprietors, LLPs, HUFs under CBEC scanner for claiming transitional credit

Ø  Government extends duty benefit for export of Bengal gram

Ø  Insolvency law panel likely to finalise report this month

Ø  Over a third of economists push back timing of Bank of Japan stimulus exit



Ø  MCX to start brass futures trading next week

Ø  NCLT cracks down on DSK Developers

Ø  Gas price to be hiked, power, urea output cost to rise

Ø  RBI to pay Rs 10,000cr dividend

Ø  Sebi mulls halting trade in companies referred to NCLT