6 April: News Roundup

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Business Standard

Ø  RBI maintains status quo, keeps repo rate unchanged

Ø  SFIO receives complaint against Larsen & Toubro

Ø  Need to correct legal asymmetry in RBI's  powers: Urjit

Ø  US trade deficit rises to near 9-1/2-year high

Ø  Israeli firms IAI & Rafael taken out of restricted list

Ø  Bank treasury to get more flexibility in managing cash

Ø  RCom hopes to cut debt by Rs 25k crore



Ø  GDP growth projected to strengthen to 7.4% in FY19; 7.3-7.6% in H2: RBI

Ø  Rupee surges 18 paise on bullish RBI growth call, low inflation forecast

Ø  Depositories to monitor foreign investment limits in Indian cos: Sebi

Ø  Special Rs 26-bn package to boost export of leather products, footwear

Ø  RBI looking to introduce central virtual currency, bans bitcoins

Business Line



Mint

Ø  L&T construction arm bags orders worth Rs 3,376 cr

Ø  SC vacates stay on sale of RCom’s wireless assets to RJio

Ø  Trade stand-off: Indian cotton exports to China may bloom

Ø  India Yamaha Motor sets up 1,100 KW solar plant at TN unit

Ø  Hindustan Coca Cola Beverages sets up plastic recycling initiative in Hyderabad



Ø  CBI books Vadodara firm for Rs2,654 crore fraud; raids premises

Ø  NYSE agrees to acquire 136-year-old Chicago Stock Exchange

Ø  UltraTech’s last-minute $1.1 billion bid entertained by Binani Cement lenders

Ø  10-year bond yield slumps 17 bps as RBI cuts inflation forecast

Financial Express



Financial Chronicle

Ø  RBI dumps GVA model, switches back to GDP to measure economy

Ø  20:80 gold scheme comes back to haunt RBI; CBI quizzes its 4 senior officials

Ø  Modi government cuts nuclear power capacity addition target to one-third

Ø  Domestic air travel demand soars to 22.9% in February, says IATA



Ø  Kirloskar introduces affordable farm machines

Ø  Smaller MFs grow faster than large funds in FY18

Ø  Govt to recover revenues from likes of Mallya

Ø  Finance minister suffering from kidney ailment

Ø  CBI questions RBI officials in PNB scam