23 May: News Update

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Business Standard

Ø  SBI to sell stake in SBI Gen, SBI Card & SBI Caps soon

Ø  OC posts 40% YoY jump in Q4 profit at Rs 5,218 cr

Ø  India Inc foreign borrowing jumps over 2-fold in April

Ø  Venezuela willing to accept oil payments in rupees

Ø  Over 39L jobs created in 7 months till March: EPFO

Ø  Dalmia Bharat not to revise bid for Binani Cement

Ø  '5G to offer $27 bn biz opportunity for India by 2026'



Ø  SBI posts record loss of Rs 77 bn in Q4; stock rises 3.7%

Ø  Modi, Putin talk multi-nation trade corridor being built by India via Iran

Ø  Sebi probes insider trading violation at Fortis Healthcare

Ø  Oil on the boil: Fuel subsidy may hit Rs 530 bn: Moody's

Ø  Rupee recovers from two-day fall to 68.04 vs dollar, edges 8 paise higher

Ø  Sebi to ease norms for MF in derivative investment by raising cap on F&O

Business Line



Mint

Ø  Hyundai to hike vehicle prices by up to 2% from June

Ø  DLF eyes bookings of ₹2,500 cr in FY’19; to be debt free by March

Ø  Bharti Group exits Biyani’s Future Enterprises by selling its 13.64% stake

Ø  RCom moves NCLAT challenging order allowing plea for its insolvency

Ø  Highest bidder for Air India to be known by Aug: Choubey



Ø  NCLAT puts Essar Steel insolvency process on hold

Ø  Cipla back in black, posts Q4 profit of Rs179 crore but misses estimates

Ø  Bosch Q4 standalone net down 1.51% at Rs433.78 crore

Ø  Bata India March quarter profit jumps 44.8% to Rs52 crore

Ø  Warburg Pincus leads race to buy 26% stake in insurer IndiaFirst

Financial Express



Financial Chronicle

Ø  India may not accept arbitration orders annulling Cairn, Vodafone tax demands

Ø  Airbus says will obey WTO ruling on aircraft subsidies

Ø  Sony buys EMI Music Publishing in USD 1.9bn deal

Ø  SoftBank confirms selling ‘entire stake’ in Flipkart to Walmart

Ø  China, US near deal on ZTE reprieve; Beijing cuts auto tariffs





Ø  FY18 fiscal deficit may come down to 3.4%

Ø  DHFL raises over Rs 10,000 crore on day 1

Ø  CCI okays $66 billion Bayer-Monsanto deal

Ø  Essar Steel insolvency: NCLAT orders status quo

Ø  SGX to launch Indian derivatives despite legal move by NSE