18 April 2018

18 April: News Roundup

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Business Standard

Ø  China’s Fosun emerges as the 4th contender for cash-strapped Fortis

Ø  RBI Governor called by parliamentary panel on May 17

Ø  1.55L post offices to be empowered as Payments Banks

Ø  RBI ramps up printing of currency notes

Ø  India to grow at 7.4 per cent in 2018: IMF

Ø  Swedish cos to invest 1.1 billion dollars in India

Ø  Rupee tanks to near 7-mth low of 65.64 a dollar

Ø  NCLT approves Vedanta's resolution plan for insolvent Electrosteel

Ø  IMF sees world economy weaker post-2020, lifts US estimate to 2.9%

Ø  Rs 29-bn Rotomac case: CBI questions former Bank of Baroda CMD, 5 others

Ø  Bharat-22 ETF follow-on offer could be worth Rs 100 bn: Finance Minnistry

Ø  Higher tariffs could harm market sentiment, disrupt supply chains: IMF

Business Line


Ø  GST to cut construction costs, not housing prices: report

Ø  India, US announce joint task force on natural gas

Ø  Crisil Q1 net jumps 14% on cost-control, better margins

Ø  Indian Hotels enters Saudi with first Taj hotel in Makkah

Ø  Marico to acquire up to 22.5% in Revolutionary Fitness

Ø  NHPC’s 50 MW solar project synced with grid

Ø  Aditya Birla Group in talks to raise $1 billion for Idea Cellular

Ø  Kedaara Capital may buy Munjals’ Sunbeam Auto for Rs650 crore

Ø  Mahindra & Mahindra joins Rs1 trillion market cap club

Ø  Crypto-exchange CoinRecoil challenges RBI order on cryptocurrency in Delhi HC

Ø  Deutsche Bank said to shelve $4.6 billion India portfolio sale

Financial Express

Financial Chronicle

Ø  Indian investment proposals in France jump 73% in 2017

Ø  Six more states to launch intra-state E-way bill from April 20

Ø  Cash crunch: RBI clarifies sufficient cash in currency chests, printing of notes ramped up too

Ø  Glenmark Pharma to begin phase 2b clinical trial of atopic dermatitis drug

Ø  Government contemplating industrial health clinics for sick MSMEs

Ø  Govt raises FY19 highway project award target to 20,000 km: Gadkari

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

Ø  IPO-bound HDFC AMC posts 31% rise in FY18 profit

Ø  CBI files Rs 621cr Punjab & Sindh Bank fraud case

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