22 May 2018

22 May: News Roundup

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Business Standard

Ø  India to achieve 9 per cent growth rate by 2022

Ø  China to buy large amounts of US farm exports: Trump

Ø  Rising crude may stretch CAD to 2.5 pc of GDP in FY19

Ø  CBI charge-sheets Rotomac promoters

Ø  US issues steep list of demands for treaty with Iran

Ø  SBI and PNB just got a $5.2 bn breather, but it may not last

Ø  Google may face $4.3 bn claim in iPhone privacy case

Ø  Fortis faces MCA probe for mismanagement, EGM to seal takeover on Tuesday

Ø  NCLAT hope for L&T, firm to argue case on Tuesday for Bhushan Steel dues

Ø  Two consecutive years of better monsoon, MSP hike lift rural demand

Ø  Markets drop for fifth straight session on rising crude oil prices

Ø  Canada, US, Mexico to renegotiate new NAFTA deal, bring it to conclusion


Ø  Foreign investments in Indian start-ups doubled to $16,728 million in 2017

Ø  Set sugarcane pricing free: Industry body ISMA to Govt

Ø  At 33.26 mt, wheat purchases exceed target by 4%

Ø  Rail Vikas Nigam gets SEBI’s nod to launch IPO

Ø  L&T's hydrocarbon arm bags Rs 3,800-cr worth orders

Ø  Colgate Palmolive profit rises 25%

Ø  India’s Q4 GDP growth likely at 7.4%: Icra

Ø  UAE to allow 100% business ownership to foreign investors

Ø  NSE to delist Kingfisher Airlines, 17 others from 30 May

Ø  Glenmark gets USFDA nod for generic version of Welchol tablets

Ø  Moody’s downgrades PNB on impact of Nirav Modi fraud

Financial Chronicle

Ø  Sensex ends down 232 points as 1970 BSE stocks drop; PSU banks surge on mega resolution

Ø  Income Tax department to file pleas in NCLT to extract tax due from shell firms

Ø  Finmin ties up with 40 entities to extend funding under Mudra scheme

Ø  Government to step up coal supply to power plants from May 19 -June 30

Ø  FinMin rules out raising equity investment limit for pension funds

Ø  Airlines may get nod to tap ECB window for low-cost funds

Ø  Banks have tapped just a third of credit-worthy consumers: Report

Ø  CAIT to move CCI against Flipkart-Walmart deal

Ø  Gems & jewellery exports dip 22% in April

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