26 March: News roundup

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Business Standard

Ø  'India proposes to negotiate trade pact with Africa'

Ø  'Trade war can lead to collateral damage for India'

Ø  Guaranteed crop prices to take all costs into account: PM

Ø  BSNL to invest Rs 4,300 crore for network expansion

Ø  Rural bank employees threaten to go on three-day strike

Ø  'Applicants from India for EB-visas may drop by 80%'

Ø  Dhoot Transmission set to buy UK’s Parkinson Harness



Ø  Telecom sector to create 10 mn jobs in next five years: Skilling council

Ø  ONGC may buy out GAIL in Gujarat's Dahej petrochemical project

Ø  Set aside divestment proceeds for sick PSUs revival: Parliament panel

Ø  Lateral buying swells FY18 oil capex to $1.11 tr till February

Ø  Foreign investors will continue to sell Indian equities: Geoffrey Dennis

Ø  Vedanta eyes Electrosteel for value addition, says chairman Navin Agarwal

Business Line



Mint

Ø  Leather exporters approach Italian banking group for funds

Ø  PNB plans to stake claim in insolvency proceedings of Nirav Modi co

Ø  MRPL to come out with BS6 diesel by March 2019

Ø  ArcelorMittal declassifed as Uttam Galva Steels promoter

Ø  Vedanta unlikely to participate in rebidding of Essar Steel

Ø  Precision Camshafts buys 76% in German company MFT



Ø  Sebi plans to come out with new buyback rules

Ø  Ujjawala scheme: Indian Oil, others defer loan recovery up to 6 LPG refills

Ø  ShopClues sees 60% revenue growth, eyes profits in 12-18 months

Ø  STC, MMTC merger on cards, says Suresh Prabhu

Ø  CBI arrests Totem Infra promoters in bank fraud case

Ø  Arvind Panagariya makes strong case for PSU bank privatisation

Financial Express



Financial Chronicle

Ø  GST relief: Businesses with zero tax liability may get to file returns bi-annually

Ø  India, China to discuss ways to boost trade in JEG meet

Ø  Union opposes Pawan Hans sale, writes to PMO to look at IPO instead

Ø  Doubling farmers' income: Panel submit final report next month



Ø  359 infra projects show cost overrun of Rs 2.18 lakh crore

Ø  Carbon black shortage hits rubber sector

Ø  NTP likely to bring tower operators under RoW rules

Ø  IBC may emasculate banks as haircut is as high as 90%