16 April: News roundup

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Business Standard

Ø  'Chinese investment risks Pak running into debt trap'

Ø  Auditor BDO flags rule violations in Educomp deals

Ø  ICICI Lombard frontrunner for Star Health

Ø  Saudi against US plan to transfer embassy to Jerusalem

Ø  Banks' NPAs to rise by Rs 8,000 crore in Q4

Ø  Tata Steel India posts highest output at 12.48 MT

Ø  Eight of top 10 firms add Rs 83,672 crore to m-cap



Ø  Govt raises Nabard's authorised capital to Rs 300 bn to aid rural economy

Ø  PNB scam: ICAI sends notices to statutory auditors of Brady House branch

Ø  NITI Aayog VC says India will not take sides in US-China trade spat

Ø  India to work with China against OPEC's 'Asian Premium': Pradhan

Ø  Lakshadeep emerges front-runner for Jaypee Infratech with Rs 73.5-bn bid

Ø  Business as usual: RBI crackdown fails to deter bitcoin traders

Business Line



Mint

Ø  Maruti hits top gear, gaining more of passenger car market share in 2017-18

Ø  CBIC details procedures on e-way bill verification, inspection of goods

Ø  French defence major Thales sees India as manufacturing, export hub

Ø  Balmer Lawrie looking at organic growth across businesses

Ø  RIL, JM Financial bid to acquire Alok Industries rejected

Ø  I-T dept seizes Rs 440 cr dividend income of Cairn Energy



Ø  RBI scrutiny in 2016 found no ‘quid pro quo’ in ICICI Bank loans to Videocon

Ø  Embassy to invest $1 billion on warehousing space, says CEO

Ø  IDBI Bank prepares roadmap for NPA reduction, improving financial health

Ø  Facebook doesn’t use WhatsApp payments data for commercial purposes: WhatsApp

Ø  Blackstone’s new $4 billion fund gives India top billing

Financial Express



Financial Chronicle

Ø  RBI ban on Letters of Undertaking: Switch to local credit may squeeze liquidity

Ø Electrosteel Insolvency case: IBBI fines Electrosteel resolution professional

Ø  Insolvency and Bankruptcy Code effect: Banks stare at large haircuts

Ø Intra-state E-way bill rolled out in 5 states including Gujarat & Kerala



Ø  India to rank among top 5 cosmetics markets

Ø  Aluminum surges on supply constraint fears

Ø  Mid- & small-cap segments bound to grow in years to come

Ø  Guar gram prices may rise on exports demand

Ø  19 coalmines’ auction likely this quarter

Ø  NPA maze: Govt for scrapping of one-day default norm