4 April: News Roundup

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Business Standard

Ø  Jio Payments Bank begins operations

Ø  IBC panel proposes revamping of resolution framework

Ø  PSU banks wrote off Rs 2.42 lakh cr loans in 3 yrs

Ø  CAG flags EPFO's lower admin charges collection

Ø  Rupee jumps 17 paise to 65.01 ahead of RBI meet

Ø  2,200 entities default in paying fine to Sebi

Ø  NCLT adjourns hearing over Bhushan Steel sale to Apr 5



Ø  RBI drops Axis Bank from list of bullion importers

Ø  Rs 7.18 trn: July-Feb GST collections short of Rs 100 bn of original target

Ø  Deposit 15% of Rs 28 bn tax demand: HC to Cognizant

Ø  Direct tax collections surge 18% to cross Rs 10-trn mark in FY18: Jaitley

Ø  RBI did not do proper auditing during period of PNB loan fraud: CVC

Ø   WTO warns of economic damage from escalation in trade tensions

Business Line



Mint

Ø  Profiteering notice to Jubilant FoodWorks on Dominos pizza pricing

Ø  ATC completes Vodafone India’s Rs 3,850 cr telecom tower deal

Ø  SEBI may soon allow fund houses to invest in gold futures

Ø  Govt eyeing 10 GW of installed offshore wind power generation by 2022

Ø  Amazon India launches B2B global selling programme

Ø  Ola buys Mumbai-based public transport ticketing app Ridlr



Ø  Centrum group to sell money exchange business to US-based Ebix

Ø  Deepak Kochhar gets I-T notice in Videocon loan case

Ø  ICICI Securities raises Rs3,515 crore from IPO

Ø  Fresh investments in India point to modest recovery

Ø  Disney offers to buy Sky News to aid Fox bid for broadcaster

Ø  Goldman Sachs files suit to recover Rs36 crore from Videocon

Financial Express



Financial Chronicle

Ø  CBDT signs 14 unilateral, 2 bilateral APAs in March

Ø  Finish issuing all demonetisation notices by May: CBDT to I-T department

Ø  Rising petrol and diesel prices could impact inflation and current account deficit, say analysts

Ø  Pharma sector may see recovery with FY19 profit set to jump 20-22%, says report

Ø  Big relief for home buyers; IBC panel suggests treating them as financial creditors



Ø  Algo trade rules eased for commodity exchanges

Ø  Almost 90% of Indian car buyers prefer electric cars

Ø  Factory growth declines to 5-month low on lacklustre demand

Ø  NSE, Colombo bourse sign pact for collaboration

Ø  Merrill Lynch sells stake in Indiabulls Housing Fin