23 April: News Roundup

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Business Standard

Ø  IMF unveils new corruption policy for member states

Ø  US-China trade war to hurt global growth: EIU

Ø  TCS bets on Business 4.0 to push digital revenue to over $5 billion

Ø  Sebi may seek forensic probe of ICICI Bank books

Ø  Ordinance against fraud fugitives gets President's nod

Ø  E-commerce think tank to hold first meet on April 24

Ø  Russia adds Google IPs to registry of banned sites



Ø  India's crude steel output to soar by 38% to 140 million tonnes in 2018

Ø  Ahead of merger with Vodafone, Idea's 100% FDI proposal under consideration

Ø  Goa Shipyard to go public next year; eyes Rs 50-bn revenue in 5 years: CMD

Ø  IIFCL tears into Jaypee Infra bid evaluation process, calls for fair review

Ø  FPI outflow in April at Rs 80 bn on trade negotiations, rising bond yields

Business Line



Mint

Ø  Indian 'elephant ready to run' after sustained economic reforms: IMF official

Ø  ‘Govt will roll out a red carpet to foreign steel cos’

Ø  India’s GDP expected to reach $5 trillion by 2025: Economic Affairs Secretary

Ø  Real GDP growth may expand to 7.4% in 2018-19: RBI Governor

Ø  Fugitive economic offenders Ordinance gets Cabinet nod

Ø  TCS platform enables transparent data-sharing



Ø  World Bank approves $13 billion capital boost as US drops objection

Ø  HDFC Bank Q4 net profit rises 20% to Rs4,799 crore

Ø  L&T sells Bengaluru land parcel to Phoenix-CPPIB platform for Rs650 crore

Ø  Investors in IBC companies face a harsh reality

Ø  Tata Motors’ market share in commercial vehicles rises to 44% in FY18 on turnaround strategy

Ø  Flipkart could sell controlling stake to Walmart as early as next week

Financial Express



Financial Chronicle

Ø  IBC, RERA conflict apparent in some bankruptcy proceedings: Assocham

Ø  Mahindra Electric ties up with Meru for e-vehicle project

Ø  RP tells NCLT Rewant Ruia end beneficiary of Numetal

Ø  India calls for increase in voting rights at World Bank

Ø  IMF, World Bank must develop strategy for enhancing public debt transparency: India



Ø  US Hints at China Truce as World Warns of Trade-War Threat

Ø  RBI circular barring banking service for crypto-currencies challenged in HC

Ø  Nickel gains on possible sanction worries

Ø  OTC biz to contribute 15-20% to revenues

Ø  US-China trade war boosts cotton exports