10 April: News Roundup

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[8:23 AM, 4/10/2018] +91 98207 37084: Business Standard

Ø  Issue public notice to auction Unitech's assets: SC

Ø  Fraud is bank's issue; won't seek govt support: PNB MD

Ø  DMRC must pay 80% of RelInfra subsidiary's debt: HC

Ø  IMF chief Lagarde says global recovery taking root

Ø  L&T terms Bhushan's resolution plan as discriminatory

Ø  Govt may pay cane growers to help sugar mills

Ø  Govt may pay cane growers to help sugar mills

Ø  Global IT spending to grow 6.2% in 2018, hit $3.7 trillion: Gartner

Ø  Finmin may ask Sebi for relaxing minimum 25% shareholding norms for PSUs

Ø  Reliance Infrastructure wins Rs 10.81 billion EPC project for Kudankulam

Ø  NSE to move 15 firms to restricted trading category for surveillance review

Ø  Allegations against ICICI bank pose reputational risks: Fitch Ratings

Business Line


Mint

Ø  Cement sector likely to post flat 5% growth in FY19: Report

Ø  Alembic Pharma gets USFDA nod for Acyclovir ointment

Ø  Pesticide-makers oppose provisions of new Bill

Ø  ED raids Vadodara firm, directors in Rs.2600-cr bank loan fraud

Ø  Max corruption complaints against railways, banks: CVC

Ø  Tariff hike issue: India wants amicable settlement with US

Ø  ‘Govt likely to pay cane growers to help sugar mills’

Ø  ICICI Bank board said to be divided over CEO Chanda Kochhar’s future

Ø  Bharat Petroleum may hive off gas business into separate wholly owned subsidiary

Ø  Swiss Aviation Consulting denies bid for Air India assets

Ø  Aircel bankruptcy seen hurting Wipro’s Q4 results

Ø  Sebi strengthens algo trading norms, co-location facilities

Ø  Novartis to pay $8.7 billion for gene-therapy company AveXis

Financial Express


Financial Chronicle

Ø  NITI Forum to meet in Agartala tomorrow; to give boost to the development projects

Ø  Largest mortgage player HDFC hikes lending rate by up to 0.20%; increase in RPLR is effective from April 1

Ø  After RBI’s objection, Axis Bank CEO Shikha Sharma re-appointed only for 6 months

Ø  ‘New biz models may create headwinds if Indian firms unable to evolve’

Ø  Mild revenue growth ahead for IT industry

Ø  Bourses asked to give co-location services to small players

Ø  PSUs get 100-day deadline for development roadmap

Ø  Creditor drags BHEL to NCLT to recover over Rs 1 crore due
[8:54 AM, 4/10/2018] +91 88796 65017: 10 April 2018

Economic Times

Business Standard

Ø  Issue public notice to auction Unitech's assets: SC

Ø  Fraud is bank's issue; won't seek govt support: PNB MD

Ø  DMRC must pay 80% of RelInfra subsidiary's debt: HC

Ø  IMF chief Lagarde says global recovery taking root

Ø  L&T terms Bhushan's resolution plan as discriminatory

Ø  Govt may pay cane growers to help sugar mills

Ø  Govt may pay cane growers to help sugar mills

Ø  Global IT spending to grow 6.2% in 2018, hit $3.7 trillion: Gartner

Ø  Finmin may ask Sebi for relaxing minimum 25% shareholding norms for PSUs

Ø  Reliance Infrastructure wins Rs 10.81 billion EPC project for Kudankulam

Ø  NSE to move 15 firms to restricted trading category for surveillance review

Ø  Allegations against ICICI bank pose reputational risks: Fitch Ratings


Mint

Ø  Cement sector likely to post flat 5% growth in FY19: Report

Ø  Alembic Pharma gets USFDA nod for Acyclovir ointment

Ø  Pesticide-makers oppose provisions of new Bill

Ø  ED raids Vadodara firm, directors in Rs.2600-cr bank loan fraud

Ø  Max corruption complaints against railways, banks: CVC

Ø  Tariff hike issue: India wants amicable settlement with US

Ø  ‘Govt likely to pay cane growers to help sugar mills’

Ø  ICICI Bank board said to be divided over CEO Chanda Kochhar’s future

Ø  Bharat Petroleum may hive off gas business into separate wholly owned subsidiary

Ø  Swiss Aviation Consulting denies bid for Air India assets

Ø  Aircel bankruptcy seen hurting Wipro’s Q4 results

Ø  Sebi strengthens algo trading norms, co-location facilities

Ø  Novartis to pay $8.7 billion for gene-therapy company AveXis


Financial Chronicle

Ø  NITI Forum to meet in Agartala tomorrow; to give boost to the development projects

Ø  Largest mortgage player HDFC hikes lending rate by up to 0.20%; increase in RPLR is effective from April 1

Ø  After RBI’s objection, Axis Bank CEO Shikha Sharma re-appointed only for 6 months

Ø  ‘New biz models may create headwinds if Indian firms unable to evolve’

Ø  Mild revenue growth ahead for IT industry

Ø  Bourses asked to give co-location services to small players

Ø  PSUs get 100-day deadline for development roadmap

Ø  Creditor drags BHEL to NCLT to recover over Rs 1 crore due