News Roundup: 21 March

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Business Standard

Ø  India, US to bilaterally discuss steel import curbs

Ø  Fixed-term employment extended to all sectors to boost ease of biz

Ø  Goldman slashes India growth forecast on PNB fraud

Ø  'Resolution plan for Binani Cement submitted to NCLT'

Ø  WTO members concerned over US import duty hike

Ø  Next wave of NPAs will come from SMEs: Kotak

Ø  Essar Oil picks Trafigura, BP for $1 bn oil-backed loan



Ø  Nirav Modi firms in Surat SEZ diverted duty-free diamonds: DRI

Ø  L&T, Reliance bid for Yogi's flagship Rs 190 bn infra project

Ø  Govt to meet primary dealers to discuss Rs 6.06-trn bond sale plan: Report

Ø   ICICI Bank raises Rs 40 billion via bonds, money to be used to fund growth

Ø   EESL acquires UK-based power generator Edina for 55 million euros

Ø   Videocon exits insurance biz; sells stake to DP Jindal Grp, Enam Securities

Business Line



Mint

Ø  India scraps sugar export tax to boost exports, cut inventory

Ø  Tata Motors to hike passenger vehicle prices by up to Rs 60K from April 1

Ø  Informal WTO ministerial meeting begins with 52 nations

Ø  Bata hopes India to be ‘largest market’ in terms of turnover

Ø  Force Motors joins hands with Rolls-Royce Power Systems

Ø  Private fuel retailers’ market share rises in three years



Ø  PNB fraud: Mehul Choksi refuses to join CBI probe again

Ø  Biocon sees approvals unlocking $1 billion biosimilar sales

Ø  Sterlite Power acquires Rs1,500 crore Goa-Tamnar project

Ø  Hindustan Aeronautics IPO subscribed 99% on final day

Ø  Stringent norms, extended lull seen weighing on realty sector

Ø  Sebi may tell exchanges to raise fees for trading in illiquid stocks

Financial Express



Financial Chronicle

Ø  Reforms unlikely till next general elections: Former RBI Governor Raghuram Rajan

Ø  Wheat production likely to hit 100 million tonnes target this year

Ø  Transitional Credit Under GST: Centre takes exclusive powers to verify claims

Ø  Need more financial education as financial inclusion improves, says panel



Ø  Trade deficit of $44 billion pushes up CAD

Ø  US plans heavy China tariff hit

Ø  New India launches global medical cover

Ø  US mulls new law to guard call centre jobs

Ø  MFIs increase checks and balances post-DeMo