28 May: News Roundup

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Business Standard

Ø  India launches second IT corridor in China

Ø  DLF sells nearly 50K sq ft office space in Gurugram

Ø  No-frills a/c holders fined heavily over withdrawals

Ø  Patanjali sweetens bid for Ruchi Soya

Ø  MTNL debt, pay scale difference impede merger: BSNL

Ø  Amul eyes Rs 50,000-crore group turnover in FY19

Ø  PGCIL may get big pie of transmission corridors



Ø  FPIs press sell button on Indian stocks, bonds worth $7 bn since April

Ø  Employers to save 9 bn annually as EPFO cuts administrative charges to 0.5%

Ø  IPO market hots up as 3 dozen companies line up listings worth Rs 350 bn

Ø  PNB fraud: ED to seek immediate confiscation of Nirav Modi's 70-bn assets

Ø  TCS spent Rs 15 bn on R&D & innovation in FY18, up 17% over last year

Business Line



Mint

Ø  Centre may not give NBFCs more time to switch to Ind AS

Ø  Coal import declines 9% to 17.32 mt in April

Ø  India to attend WTO members meet in Paris

Ø  SECI named nodal agency for setting up 2.5 GW wind-solar projects

Ø  Petronet to partner ONGC Videsh for stake in Qatar Petroleum LNG project

Ø  Angel investments in small start-ups get tax exemption



Ø  Finance ministry in talks with investors to set up strategic investment fund under NIIF

Ø  Three dozen companies line up IPOs worth Rs35,000 crore

Ø  New India Ass looks to lower health-loss ratio to 95%

Ø  Era Infra lenders weigh steps to boost firm’s equity value

Ø  Govt may tell Tata Tele to settle dues before deal with Tata Communications

Ø  Adani Group looks to buy Shree Renuka Sugars from Wilmar International

Financial Express



Financial Chronicle

Ø  Economy on recovery path, investments likely to pick up: CII

Ø  NALCO preparing business model to earn additional Rs 935 cr

Ø  Mounting NPAs: RBI Governor Urjit Patel to brief parliamentary panel



Ø  Rupee to remain under pressure due to dollar’s strength, twin deficits

Ø  Govt mulls windfall cess on upstream oil firms