5 April: News Roundup

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Business Standard

Ø  ICICI Bank risks class action suit in US: Jefferies

Ø  China hits back, slaps tariffs on 106 US products

Ø  'India ranks 3rd among nations facing cyber threats'

Ø  India to offer $3-4 bn plan for Iran gasfield: Sources

Ø  'Banks stare at $38 bn new dud loans from power sector'

Ø  Loan write-offs decline to 13% of gross NPAs: RBI

Ø  No loans given outside consortium to Videocon: ICICI

Ø  Indian telecom billionaires plan $6 billion warchest



Ø  Average phone call rate falls to 19 p/min, data tariff to Rs 19/GB: Govt

Ø   Amazon may offer to buy Flipkart to counter Walmart's bid: Report

Ø   NCLT allows new claims of Rs 8 bn against Monnet Ispat & Energy

Ø  Idea worst hit in Q4 among telcos, to report a five fold increase in losses

Ø  India bags second position in crude steel production, output up by 3.4%

Business Line



Mint

Ø  PNGRB issues new bidding norms for CNG, PNG retail licence

Ø  `Over 17 lakh e-way bills generated in 3 days’

Ø  Amendment in solar bidding norms positive, says ICRA

Ø  NCC gets orders worth Rs 1,085 cr

Ø  NBCC to construct bunkers along Indo-Pak border

Ø  Capacit’e Infra bags order worth Rs 365.5 cr



Ø  Numetal, Arcelor seek to cancel each other’s Essar Steel bid

Ø  Jet Airways to buy 75 Boeing 737 Max jets worth up to $9.7 billion

Ø  MFs add 32 lakh investors in 1 year due to ad campaign

Ø  Reliance Power to raise up to Rs2,000 crore via QIP

Ø  Ranbaxy’s demise wake-up call for business families in India

Ø  PE exits in India grew over 60% to $15.7 bn in 2017: Bain

Financial Express



Financial Chronicle

Ø  Chinese handset major Xiaomi to bring 'crowdfunding' platform to India

Ø  Big drop: Remittances sent by Indians abroad fall by $8.5 bn between 2014-15 and 2016-17

Ø  Trade war finally begins as China set to slap 25% reciprocal tax on US products; markets tumble



Ø  China hits soybeans, aircraft in counter-punch to Trump tariffs

Ø  BEL clocks a milestone turnover of Rs10,000 cr

Ø  Banks saw frauds worth Rs 18,170 cr in FY17: IiAS

Ø  PNB allowed to spread fraud losses over four quarters

Ø  Govt may accept insolvency panel report sans changes