2 April: News Roundup

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Business Standard

Ø  Over 1.7 lakh e-way bills generated on launch day

Ø  India is now world's 2nd largest cell phone producer: ICA

Ø  NPAs: After banks, now NBFCs in a Rs 2.2 trillion mess

Ø  RP changes bidding rules to keep Ruias out of race for Essar Steel

Ø  Euro-VI fuels roll out in Delhi, prices hit record high

Ø  Maruti's March sales up 14.9% at 1,60,598 units

Ø  Majority stake of Ratnagiri refinery on offer: Govt



Ø  NCLT initiates insolvency resolution for Lanco Teesta Hydro Power

Ø  Govt disposes of around 700,000 tonnes of pulses so far from a buffer stock

Ø  ED initiates enquiry in ICICI-Videocon loan, asks Sebi for documents

Ø  Hero MotoCorp crosses record 7.5-million units sales mark in 2017-18

Ø  BSNL approaches DoT for recovery of Aircel's outstanding dues of Rs 420 mn

Business Line



Mint

Ø  MIT-India conference to be held on April 8

Ø  Centre may impose 10% import duty on mobile motherboards

Ø  Ashok Leyland to set up plant for buses in AP

Ø  Ind AS 115 will help in ‘improved disclosures’: ICAI

Ø  GAIL arm to invest Rs 3,000 cr in Dabhol terminal

Ø  Tata Motors’ sales rise 35% to 69,440 units in March



Ø  Canara Bank calls off move to divest stake in Canfin Homes

Ø  Vedanta wins bid to acquire Electrosteel Steels in an insolvency auction

Ø  LIC trims stake in Sterlite Technologies by 2%

Ø  Royal Enfield sales surge 27% to 76,087 units in March

Ø  Allahabad Bank cuts lending rates by 45 basis points

Ø  Reliance Jio Prime membership extended for another year at no cost

Financial Express



Financial Chronicle

Ø  BSNL vs Aircel: PSU approaches DoT for recovery outstanding dues

Ø  Russia earmarks $53mn to develop digital economy

Ø  ASSOCHAM demands BPO-centric response team to minimise cyber attacks

Ø  IOC to invest Rs 1.4 lakh crore to double refining capacity



Ø  JSW Steel steps up mega Odisha project plan

Ø  Cotton prices may remain firm around Rs 115

Ø  Brass futures contract to provide price discovery platform

Ø  Export blues cast shadow over apparel industry

Ø  Pfizer seeks another miracle drug