16 May: News Roundup

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Economic Times

📝 Railways plans Rs 40k crore projects to improve connectivity in North East

📝 Dilip Buildcon inks pact with NHAI for 6,055 crore project

📝 ICICI Bank picks 18% stake in Gammon Infrastructure

📝 PNB reports Rs 13,417 cr loss in Q4 as provisions surge four times

📝 Lupin reports Rs 777 crore Q4 loss on one-time impairment provisions

📝 Facebook axed 583 million fake accounts, enforcing standards

📝 Gold imports decline 33%, exports rise 5.2% in April

📝 ArcelorMittal parks Rs 7,000 crore with SBI to clear Uttam Galva dues

Business Standard

📝 Flipkart team up with Vietnam's Mobiistar to launch low-cost smartphones

📝 Drugs, engineering goods boost April exports by 5.71% to $25.91 billion

📝 Sensex swings 500 points on Karnataka verdict; rupee weakens to 68

📝 After anti-dumping duty, US hits shrimp exporters with non-tariff barrier

📝 Pepperfry rethinks user experience, increases range of low-priced goods

📝 NCLAT paves way for Binani CoC meet on UltraTech revised offer of Rs 79-bn

📝 India to create 238 new billionaires by 2027, says study

Financial Express

📝 IDBI Bank to sell 2.5% stake in CCIL

📝 Allahabad Bank board divests CEO of all executive powers

📝 Northern Arc Investments’ Rs 150-cr debt fund takes off

📝 Vodafone India posts Rs 9,805 crore operating profit for 2017-18

📝 Industry seeks additional export subsidy

📝 Trade data: India’s oil imports up by a whopping 41.49% in April; trade deficit widens to $13.72 billion

Mint

📝 Monsanto India Q4 profit up 66% at Rs53.14 crore

📝 Britannia Industries Q4 profit rises 25% to Rs263 crore

📝 TCS expands presence in Arkansas, US

📝 NCLT allows Ericsson’s insolvency plea against RCom

📝 Karnataka Bank Q4 profit dives 92% as NPA provisioning swells

📝 SoftBank to open Saudi Arabian office: reports.