15 May: News Roundup

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Business Standard

Ø  Retail inflation increases to 4.58% in April

Ø  Manipal further sweetens offer for Fortis Healthcare

Ø  SC sets up panel to auction Unitech's properties

Ø  DoT gives nod to Airtel-Telenor merger

Ø  Sugar cess: GoM to seek opinion from Law, Food Min

Ø  Steel: NCLT resolution to settle over Rs 1.6 tn debt

Ø  Indiabulls PE to buy 1msqft to lease out to tech firms



Ø  HUL profit up 14% to Rs 13.5 bn in Jan-March, beats estimates

Ø  PFC working to cut NPAs by 10%, bring them down to Rs 15 bn in FY19

Ø  PNB Scam: Two bank execs removed; Allahabad Bank chief to step down

Ø  Govt withdraws duty free gold import for jewellery exporters

Ø  Tata Power to ramp up renewable capacity fourfold; plans $ 5 bn push

Business Line



Mint

Ø  Fuel, food prices drive WPI inflation to 4-month high of 3.18% in April

Ø  Campco records Rs.1,740 cr turnover in 2017-18

Ø  Flipkart’s stake acquisition ‘credit positive’ for Walmart: Moody’s

Ø  Hester to set up $18 mn animal vaccine plant in Tanzania

Ø  USFDA completes inspection of Lupin’s Nagpur unit

Ø  Tata Global Beverages net up by 22%



Ø  Reliance Jio’s 2021 vision is looking increasingly blurry

Ø  Govt planning unique codes to check menace of fake medicines

Ø  Airtel flouts licence norms to sell Apple Watch 3, alleges Reliance Jio

Ø  Nestlé India brews a strong one for March quarter

Ø  Blue Star Q4 net profit rises 38% to Rs51.23 crore

Ø  Hinduja National Power buys Kiran Energy for Rs1,000 crore

Financial Express



Financial Chronicle

Ø  RBI puts deposit, lending restrictions on Allahabad Bank

Ø  Flipkart offers employees USD 125-129 for ESOPs

Ø  Facebook suspends 200 apps over data misuse investigation

Ø  China approves USD 1 bn loan for Sri Lanka expressway

Ø  Reliance Power again raises issue of exiting Nellore power project



Ø  Rise in oil prices may add to inflation woes: India Inc

Ø  CCI approves JSW bid for Monnet Ispat

Ø  PTC Fin plunges into losses in Q4

Ø  Equity MFs log Rs 12,400 cr inflow in April

Ø  Petrol, diesel prices hiked after 19-day pre-poll hiatus