News roundup: 20 March

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Business Standard

Ø  Sebi exempts govt from open offers for six PSBs

Ø  Manufacturing cos Q3 sales up, profit subdued: RBI

Ø  Videocon to exit insurance biz, sell entire stake

Ø  No FDI in defence, ports, coal in Apr-Dec: Govt

Ø  Bring model scheme for construction workers: SC

Ø  DoT increases spectrum cap, installments for payments

Ø  'No new bank guarantee from Axis Bank to be accepted'



Ø  UltraTech to pay Rs 73 bn for 98% stake in Binani Cement, NCLT nod awaited

Ø  India has not signed any free trade agreement in last 3 yrs: Govt

Ø  RP places Rs 67-bn plan by Dalmia Bharat Cement for approval before NCLT

Ø  Manufacturing companies' sales improve in Q3, profit subdued: RBI

Ø   IOCL to commission Rs 30 bn polypropylene facility in six months

Business Line



Mint

Ø  UltraTech to buy Binani Cement, seeks end to insolvency proceedings

Ø  ‘New FSSAI norms will curb organic farming growth’

Ø  L&T set to win EPC contract for new dry dock in Kochi

Ø  Centre invites EoI for stake sale in Scooters India

Ø  IRB Infra bags road project worth Rs 2,043 cr from NHAI in Gujarat

Ø  Suzlon bags 500 MW wind energy projects through SECI bids



Ø  Insider info: Sebi moves to plug WhatsApp leaks

Ø  Future Retail gets RBI nod to increase RFPI to 49%

Ø  Uttam Galva offers 51% of outstanding loan to avoid asset auction

Ø  Hindustan Aeronautics IPO subscribed 45% on Day 2

Ø  Supreme Court upholds sale of Park Hyatt Goa to ITC

Ø  RCom moves SC against Bombay HC, NCLT orders barring sale of assets

Financial Express



Financial Chronicle

Ø  India, Hong Kong shake hands to avoid double taxation

Ø  India's domestic air passenger traffic on the rise, up 24% in February

Ø  Bhel commissions Ist unit of Kishanganga hydro project in Jammu and Kashmir

Ø  Alibaba to invest extra $2 billion in Lazada Group in aggressive Southeast Asian expansion



Ø  Bandhan Bank IPO subscribed 14.63 times

Ø  ED moves HC against acquittal of Raja, Kanimozhi in 2G case

Ø  Lemon Tree Hotels sets price band at Rs 54-Rs 56

Ø  CBI charge sheet against ex-CMD of Canara Bank CMD in Rs 68 cr loan case

Ø  Suzlon to build TWO wind projects in Gujarat