7 March: News roundup

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Business Standard

Ø  Govt to consult ONGC, OIL before auctioning fields

Ø  Nirav Modi's firm moves HC against ED case

Ø  Banks to collect passport details of bigwigs in 45 days

Ø  E-way bill must for goods movement from June 1

Ø  Bhushan Power resolution plan by month-end, says IRP

Ø  Commercial coal mining can cut import bill by Rs 30K cr

Ø  Commerce Min to devise strategy on product standards



Ø  States' debt woes to bloat India's budget gap: Oxford Economics

Ø  Government banks wrote off Rs 816.83 billion loans in FY17: Arun Jaitley

Ø  PNB fraud: SFIO to quiz ICICI's Chanda Kochhar, Axis Bank's Shikha Sharma

Ø  Tata Sons proposes to buy entire stake of Tata Trusts in Indian Hotels

Ø  Moody's upgrades JSW Steel's corporate family rating to Ba2 from Ba3


Mint

Ø  Indian economy to recover gradually to 7.1% in FY2019

Ø  Finance Ministry to coax Fitch for rating upgrade

Ø  FinMin keeping close tabs on outgo, receipts

Ø  BG-II cottonseed prices set to drop this season

Ø  TVS Logistics moves into construction sector

Ø  NFRA to have power to impose penalty on erring audit firms



Ø  PNB fraud likely to swell beyond $2 billion mark

Ø  Karti Chidambaram gets three more days CBI custody in INX Media case

Ø  Withdraw defamation notice and apologize, COAI tells Reliance Jio

Ø  Airtel acquires India leg of GBI submarine cable

Ø  RBI increases FPI limit in UltraTech Cement to 40%

Financial Express



Financial Chronicle

Ø  India to topple China yet again as fastest growing economy, and this time for 5 years

Ø  Input-Output model reveals real picture of economic growth

Ø  PNB has potential to raise capital, says Arun Jaitley

Ø  ONGC Videsh signs pact with Iran’s IDRO Oil to jointly bid for $1 bn contract for developing Susangerd oilfield



Ø  Regulatory reforms can help create 10 million jobs

Ø  Bandhan Bank gets Sebi nod for Rs 2,500-cr IPO

Ø  GST, price hike slow solar commissioning

Ø  New product to replace SGX-Nifty likely by May

Ø  RBI may give Rs 10,000 cr as interim dividend