13 April: News Roundup

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Business Standard

Ø  Hero-Dabur now in race for Fortis Healthcare

Ø  Essar Oil settles $2.5 billion Iran oil dues

Ø  Govt should re-look at certain IBC provisions: Kotak

Ø  Vedanta pledges $700 million to Konkola Mines, Zambia

Ø  Funding a challenge for Rs. 8 tn Sagarmala projects

Ø  Bitcoin surges 16% in sudden move to top $8K



Ø  India, China join ranks to negotiate with oil producers for better bargain

Ø  Etihad sends feelers to Anil Ambani to buy 76% stake in Air India

Ø  Fresh fund infusion by Munjals and Burmans may alter Fortis sale plans

Ø  IDBI Bank: High NPAs, new bad loan rules seen offsetting inflows

Ø  Vedanta to save Rs 800 per tonne in long-term bauxite deal with OMC

Business Line



Mint

Ø  Industrial production grows 7.1% in February

Ø  Binani creditors’ forum seeks forensic audit of resolution process

Ø  Oil Minister says no order to PSUs to absorb auto fuel price hike

Ø  Exports to grow at 5.96% in Jan-Mar qtr: Exim Bank

Ø  JP Associates deposits ₹ 100 cr in home buyers’ case



Ø  Videocon loan case: Embattled ICICI board plans investor outreach

Ø  Boost for Indian economy as inflation eases further, industrial growth rises

Ø  JSW Steel-AION Capital emerges successful bidder for Monnet Ispat

Ø  RIL, JM Financial bid jointly for Alok Industries

Ø  Sebi issues disclosure norms to govern new mutual fund schemes post-merger

Financial Express



Financial Chronicle

Ø  Uptick in economic growth positive for Indian asset backed loans: Moody’s

Ø  Raghuram Rajan says India’s economic growth looks pale only when compared with China

Ø  This $100 billion investor pins hope on Modi’s war on NPAs; sees India as ‘engine of growth’ in 3-5 years

Ø  CBDT proposes changes in norms for advance ruling





Ø  15th Finance Commission mired in controversy

Ø  Stressed loans plateauing, provisions to remain high

Ø  A-I recorded 11% revenue growth in FY18: Kharola

Ø  ICICI, Axis troubles point to governance issues in Indian banks, says S&P

Ø  RBI should scrap 70-year age bar for pvt bankers