30 April: News Roundup

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Business Standard

Ø  SBI is planning a major debt restructuring of power assets

Ø  Maruti aims for 10% increase in sales network in FY19

Ø  India tops our investment destination list: Cisco CEO

Ø  NTP to focus on shift from physical to digital infra

Ø  DLF may launch QIP in June to raise over Rs 4,000 cr

Ø  New SIP registrations in MFs up 92% in FY18: CAMS

Ø  MTNL approaches govt for allotment of 4G spectrum



Ø  Early birds score on sales, falter on profits; RIL props up Q4 earnings

Ø  FPIs pull out Rs 156 bn from Indian mkt on crude prices, US-China trade war

Ø  Cisco, IBM and Bosch showing keen interest in Modi's Smart City Mission

Ø  Offshore cos based in tax haven countries held majority stake in Siva firms

Ø  DSP Group, BlackRock may part ways in asset management venture

Business Line



Mint

Ø  Reliance Ind plans to shut oil, gas fields in KG-D6 block

Ø  Paint prices likely to go up 2-3%

Ø  Fortis Board extends date for bids till May 1

Ø  Railways allows automobile loading from all box terminals

Ø  Idea Cellular posts net loss of Rs 962 cr in Q4



Ø  Banks may offload more bad loans in bid to meet RBI norms

Ø  Central panel flags gaps in PM’s crop insurance scheme

Ø  OMV signs $1.5 billion Abu Dhabi offshore oil production deal

Ø  Nasscom to look beyond revenue for annual IT forecast

Financial Express



Financial Chronicle

Ø  Govt notifies rules to operationalise fugitive economic offenders law

Ø  Corporate funding in solar sector declines 65% to USD 2 bn in Q1 2018: Report

Ø  Niti Aayog VC Rajiv Kumar says one-day NPA reporting draconian for SMEs



Ø  High sugar output to keep prices under pressure

Ø  Oil may touch $80 on US-Iran row

Ø  ‘Unemployment & low industrial growth have hit economy’

Ø  UAE no more the largest buyer of Indian gems and jewellery