28 March: News roundup

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Business Standard

Ø  Cognizant India accounts frozen over tax evasion of Rs 2,500 crore

Ø  Coal India’s new pricing may raise cost: Consumers

Ø  Court revives Oracle's bn-dollar claim against Google

Ø  OPEC, Russia consider 10-20 year oil alliance

Ø  Essar Steel: NCLT refuses to defer Apr 2 re-bidding

Ø  Aadhaar-PAN linking deadline extended to June 30

Ø  Telcos resist tower firms’ bid to increase rentals



Ø  Gilt yields drop 29 bps on govt's lower borrowing target for H1FY19

Ø  GST collection dips for the second month in a row to Rs 851.7 bn in Feb

Ø  Manipal, Fortis to merge hospital biz; SRL Diagnostics to be part of the deal

Ø  GSK may put Horlicks on the block to fund $13-billion Novartis deal

Ø  Disclosure issues keep FPIs at bay from HAL, Bharat Dynamics IPOs

Business Line



Mint

Ø  Govt to divest 76% stake in Air India, Air India Express

Ø  Adrift, Varun shareholders move SEBI, bourses seeking compensation

Ø  Vodafone-Idea merger in final stage of approval: Tel Secy

Ø  GST refunds still an issue for leather exporters

Ø  India looking to resume FTA talks with EU: Prabhu

Ø  UK’s Liberty House nears takeover of ABG Shipyard



Ø  Sebi  panel  suggests steps to improve governance at bourses, depositories

Ø  US court okays bidding process to sell Nirav Modi firms’ assets

Ø  Binani Cement lenders seek time till 2 April to weigh UltraTech deal

Ø  Monnet Ispat bankruptcy: ICICI Bank moves NCLT to include claim of $75 mn

Ø  Vijay Mallya properties to be attached in FERA violation case

Financial Express



Financial Chronicle

Ø  Price support for farmers: Even with caps, package to cost up to Rs 1.1 lakh crore

Ø  Wipro launches tech centre in Texas, to raise headcount to 2,000

Ø  Cleaning up the system: Bank privatisation is not feasible, says Bibek Debroy

Ø  Amrapali: SC asks all stakeholders to submit suggestions by April 6

Ø  Deepak Fertilisers to unveil retail realty arm’s rebranded avatar on April 1



Ø  Bandhan Bank makes a stellar bourse debut

Ø  L&T Construction bags orders worth Rs 4,353 cr in T&D business

Ø  Bond traders cheer as prices record biggest single day gain in four years

Ø  Companies owe Rs 16,56,777 cr to state-run banks; Rs 7,51,888 cr to private lenders

Ø  Gold prices to be bullish despite trade war fears easing