18 May: News Roundup

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Business Standard

Ø  Oil hits $80 a barrel on concerns about Iran supply

Ø  Over Rs 10 lakh crore invested in telecom sector: COAI

Ø  IBC to end crony capitalism in India: Niti Aayog

Ø  NuMetal offers Rs 37,000 cr for Essar Steel

Ø  After Manipal, IHH extends validity of Fortis offer

Ø  Airtel urges HC to dismiss Jio plea against its IPL ad



Ø  Goyal hopes PSU banks will overcome 'legacy issues'

Ø  Jute Board warns of distress sale on dwindling cultivable area

Ø  Odisha govt to spend Rs 750 billion on water resources development

Ø  Nirav Modi scam: Sebi raps PNB for disclosure lapses in quarterly results

Ø  Rel Power sells Tilaiya UMPP to Jharkhand for Rs 1.12 bn

Ø  As RCom faces insolvency test; Mukesh Ambani's hope of bailing it out fade

Business Line



Mint

Ø  Thermal plants resume coal imports amid domestic shortages

Ø  Aluminium industry wants quantitative curbs on imports

Ø  Domestic air-passenger traffic up 26% in April

Ø  Escorts Railways earmarks Rs.400 cr for metro foray

Ø  Granules gets USFDA nod for postpartum haemorrhage prevention drug

Ø  RCom, Ericsson ‘settle’ dispute out of court



Ø  Indian economy projected to grow 7.6% in 2018-19: UN

Ø  RBI issues final norms on net stable funding ratio

Ø  Rs4 per litre hike in petrol, diesel prices in the offing: Brokerage firms

Ø  MFs shun TCS, ICICI Bank, Avenue Supermarts in April

Ø  Bitcoin to use 0.5% of world’s electricity by end of 2018

Ø  High costs weigh on Hindalco in Q4

Financial Express



Financial Chronicle

Ø  Falling rupee to impact investor return of solar projects: Ind-Ra

Ø  Investment in NCD control leads to improvement in health, economy, says WHO report

Ø  Flipkart deal may negatively impact earnings per share (EPS) by $0.25-0.30: Walmart

Ø  Govt allows eSIMs, hikes mobile connections limit to 18 per persons

Ø  India Inc’s January-April PE/VC deal tally reaches 6.3 billion: Report



Ø  DHFL to issue NCDs with 8.9-9.1% coupon

Ø  Global fund managers bet on tech and commodities

Ø  Sebi categorisation of mutual funds in India

Ø  India looks to rupee payment system for Iran oil

Ø  Fortis EGM to vote on removal of four directors