21 May 2018

21 May: News Roundup

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Business Standard

Ø  Ultra Tech to acquire Century Textiles' cement business

Ø  Sebi to consider penal action against PNB, Gitanjali

Ø  US, China putting trade war on hold: Mnuchin

Ø  Independent director quits Fortis board

Ø  Jaiprakash Associates to appeal against NCLT order

Ø  Petrol, diesel prices hit new lifetime highs

Ø  Adani set to make big-ticket entry into e-bus production, eyes tie-up with Taiwan firm

Ø  Problem in bond market is root cause of banking sector crisis: CAG

Ø  Talks with Putin will strengthen India's strategic plan with Russia: Modi

Ø  Govt expects banks to get back over Rs 1 trn with resolution of 12 big NPAs

Ø  Wilful defaults by PNB's big borrowers slip further to Rs 152 bn by Apr-end

Ø  Growth road map clear for Ashok Ley as Q4 profit rises 40%

Business Line


Ø  L&T to make rocket engines at its Coimbatore facility

Ø  Climate change cutting of 1.5% of GDP, says Vice-President

Ø  Navy gets fuel barge from Titagarh ahead of time

Ø  HCC venture set to bag part of Mumbai coastal road project

Ø  Tariff battle: India may target US apples, almonds and bikes

Ø  China’s Mobike to foray into India in next few weeks

Ø  Balrampur Chini posts Rs 42 cr loss in Q4

Ø  MTNL may be allocated 4G spectrum: Telecom minister

Ø  RIL gets green nod for expansion of petrochemical complex in Maharashtra

Ø  Govt may allow data resale in boost to public WiFi plan

Ø  Tata Steel-Bhushan Steel deal a sound start to the new bankruptcy framework

Ø  Biocon bets on R&D, biosimilars business to boost growth in FY19

Financial Express

Financial Chronicle

Ø  Steel, aluminium duties row: India plans to hit back with hike on 20 US products

Ø  Walmart, Flipkart deal signals churn in e-grocery

Ø  BoI to get Rs 1993 cr from Tata Steel-Bhushan Steel deal

Ø  DoT seeks reply from Airtel on Apple Watch eSIM service by May 24

Ø  India sixth richest nation with $8,230 billion wealth

Ø  GST council asks Centre, states to set up appellate authorities

Ø  FinMin begins work on merging insurers, but listing unlikely this FY

Ø  Natural rubber prices set to go northward

Ø  New and innovative products to conquer F&B sector

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