17 May: News Roundup

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Business Standard

Ø  Cabinet nod for out-of-court dispute resolution for PSUs

Ø  '850 mn net users key to India's $1 tn digital eco'

Ø  Tata Steel posts over Rs 10k crore profit in Q4

Ø  23 MF schemes tripled investors’ money in 5 years

Ø  'Cambridge Analytica shared data with Russia'

Ø  Housing finance arm pips parent PNB in m-cap

Ø  Bhushan Steel takeover to have positive impact on other stressed assets: S&P



Ø  RIL's long-term foreign-currency rating at BBB-, with stable outlook: Fitch

Ø  JSW Steel Q4 net profit jumps 3-fold to Rs 28.79 billion

Ø  WTC to invest Rs 21 billion in its Greater Noida project

Ø  PE/VC investments in Apr up by 23% at USD 2.4 bn on large deals: EY

Ø  Funds favour India for returns; not China's Belt-and-Road project

Ø  ITC meets Street estimates; Q4 profit up by 9.89% at Rs. 29.33 billion

Business Line



Mint

Ø  Foodgrain output at record 279.5 mt in 2017-18

Ø  Supreme Court asks Jaypee Associates to deposit Rs 1,000 cr more by June 15

Ø  Government allows one-time coal linkage rationalisation for power producers

Ø  US companies top in leasing office space in India

Ø  Binani Industries offers to clear all claims of debtors

Ø  Alembic Pharma posts net profit of Rs. 93.80 cr in Q4



Ø  Yes Bank to raise $1 billion via share sale

Ø  PNB Housing Finance now more valuable than parent

Ø  Essar Steel lenders set to back ArcelorMittal

Ø  RCom bonds sink as bankruptcy risk imperils $3.7 billion asset sale

Ø  Sebi closes proceedings against Vijay Mallya’s 3 group firms

Ø  Hindalco Q4 profit slips 24% to Rs376.97 crore, but yearly profit rises

Financial Express



Financial Chronicle

Ø  Cabinet approves National Biofuel Policy

Ø  Japan’s economy shrank for the first time in 2 years

Ø  Spot electricity prices rise on high demand, low supply

Ø  Credit card player SBI Card looks to grow at 40% in FY19

Ø  Apple wants $1 billion from Samsung at smartphone retrial



Ø  PCA: FinMin to review steps taken by banks

Ø  Cabinet okays setting up of Rs 5Kcr micro irrigation fund

Ø  Airtel pink slips to 50% of Telenor India staff

Ø  Six states to petition president for change in finance panel ToRs

Ø  Insurance cover to gems and jewellery export credit cut

Ø  M&A activity hots up in insurance sector