17 April: News Update

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Business Standard

Ø  India must create 8.1 mn jobs annually: World Bank

Ø  SC stays NCLAT order allowing RCom to sell towers

Ø  'Russia, China playing currency devaluation game'

Ø  US bans American cos from selling to China's ZTE

Ø  France builds WhatsApp rival due to surveillance risk

Ø  Fortis shareholders need objective advice: IiAS

Ø  Infosys, Amazon rediscover radio to connect with staff



Ø  SC asks Jaiprakash Associates to deposit Rs 1 bn by May 10

Ø  Loan sale-down activity by banks, NBFCs shrinks by 7% in FY18

Ø  Investment projects worth Rs 550 billion to be rolled out in April: Yogi

Ø  NCLT lets insolvency proceedings against debt-ridden Essar Power Jharkhand

Ø  Three oil PSU cos to distribute 70,000 LPG connections in Gujarat on Apr 20

Business Line



Mint

Ø  RBI bad loan norms take a toll on NBFCs

Ø  IMD predicts average monsoon rains in 2018

Ø  India to launch natural gas trading hub by October

Ø  WPI inflation eases marginally to 2.47% in March

Ø  Fortis expresses ‘inability to engage’ in deal due to binding agreements: IHH Healthcare

Ø  Suzlon retains market leadership as industry transitions



Ø  Uttam Galva offers to repay all its debt to banks

Ø  Reliance Jio sees wired broadband internet as the next battleground

Ø  Kotak Mahindra Bank pips SBI to become India’s second most valuable bank

Ø  Jaguar Land Rover to cut 1,000 UK jobs amid slumping sales

Ø  LIC profit booking rises to record Rs25,000 crore in FY18

Ø  JCB India revenue rises to Rs8,100 crore in 2017

Financial Express



Financial Chronicle

Ø  World Bank, IFC to host venture capitalists roundtable in Goa in June, says Suresh Prabhu

Ø  China remains largest developing country, says economist Wang Yuanhong

Ø  RBI may give freer rein to Rupee as US puts India on monitoring list for currency manipulation

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



Ø  MFs get over Rs 67K cr from SIPs in FY18

Ø  Germany backs India’s inclusion in NSG

Ø  Trai unveils beta site for comparison of telcos’ tariffs

Ø  NPA resolution may get 180 days more

Ø  Panel to meet businesses, experts today on GST return simplification

Ø  Govt to launch gas trading hub by Oct