News Roundup: 5 March

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Business Standard

Ø  SBI tightens lending, won't fund interest payments

Ø  India to remain fastest growing economy: FM

Ø  Create sub-targets for PSL: RBI to MNC banks

Ø  PNB: NCLT bars over 60 entities from selling assets

Ø  GMR-M submits proposal for Manila airport expansion

Ø  Saudi 's $16bn syndicated loan cuts funding costs

Ø  Indian M&E industry to reach Rs 2 tn by 2020: Report



Ø   India 12th largest overseas holder of US securities in 2017 at $147.4 bn

Ø   359 infrastructure projects show cost overrun of Rs 2.05 trillion: Report

Ø  Five more public sector banks on brink of prompt corrective action: Icra

Ø   PNB scam fallout: Trade finance hit as caution prevails, premium soars

Ø   PSBs write off Rs 5.16-bn NPAs of 38 wilful defaulters in H1FY18

Ø   Proxy advisory firm questions exemptions in Rs 369-bn ONGC-HPCL deal

Business Line



Mint

Ø  Skill India Mission to impart training for jobs overseas

Ø  Challenges aplenty in enabling DBT in farm sector: NITI Aayog

Ø  Russia’s VTB Capital says it can bid more for Essar Steel

Ø  NCLT admits SBI's insolvency proceedings against IVRCL

Ø  Gold recovers after US tariff announcement



Ø  DRI initiates prosecution against Nirav Modi

Ø  RBI gets tough on MNC banks on priority sector lending

Ø  4.4 lakh unsold homes in 7 big cities at 2017 end: JLL India

Ø  Sterlite Power to invest $10 billion in transmission lines in 4 years

Ø  Axa is said to be in advanced talks to buy insurer XL Group

Financial Express



Financial Chronicle

Ø  ArcelorMittal stands by $1 billion Mexico pledge despite trade threats

Ø  Challenging target: Tough year ahead for disinvestment

Ø  World's 500 richest people have lost combined 107 billion USD this week

Ø  RBI gets tough on MNC banks, asks them to create sub-targets to meet PSL norms



Ø  Tea production up 9.47% in December

Ø  Private sector investment is likely to remain sluggish this year

Ø  Sebi may seek urgent disclosure of ‘substantial’ loan defaults

Ø  6.5-7% growth rate is very reasonable: NITI