03 May 2018

3 May: News Roundup

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Business Standard

Ø  'Manipal-led bid for India's Fortis faces objections'

Ø  Fed maintains status quo, says inflation close to target

Ø  Power Grid board approves investment of Rs 461 crore

Ø  India, US to boost cooperation in Indo-Pacific region

Ø  CBI may soon file charge sheet in PNB Scam

Ø  Govt to pay Rs 1,540 cr to cane growers on mills' behalf

Ø  NCLT orders Binani lenders to consider UltraTech bid

Ø  Over 23,000 bank fraud cases involving Rs 1 trillion in 5 years: RBI

Ø  Govt approves continuation of merged agri schemes with Rs 332.6 bn outlay

Ø  9 cos in fray for 55 blocks under first OALP auction; Vedanta bids for all

Ø  Amazon makes formal bid to buy 60% stake in Flipkart: Reports

Ø  IndiGo Q4 profit plunges 73% on higher expenses at Rs 1.18 billion

Business Line


Ø  Recognition of bad loans will produce benefits over long-term: Moody's

Ø  Revenue dept to look at quarterly GST revenues average for trend analysis

Ø  11 farm schemes, with over Rs.33,000-cr outlay, merged

Ø  Hero MotoCorp Q4 profit jumps 35%

Ø  NBCC wins Rs.2,000-cr govt order

Ø  Siemens net up 18% in March quarter

Ø  HCL poised to replace Wipro as No. 3 IT firm

Ø  Job losses from tech adoption a risk for nations: ADB

Ø  Marico Q4 profit rises 7% at Rs183.2 crore

Ø  Sebi said to probe IndiGo stock fall before company filing: report

Ø  Vedanta considers building zinc smelter in South Africa

Ø  Ajanta Pharma Q4 profit down 17% at Rs94 crore

Financial Express

Financial Chronicle

Ø  Kotak Mahindra Bank, HDFC twins, ITC steer Sensex in green; PSU banks, real estate, metals crack

Ø  India’s economy likely to grow at 7.3 pct this fiscal: Report

Ø  Govt approves Rs 5.5 per quintal subsidy for sugarcane farmers

Ø  Tata Power posts Q4 profit at Rs 1,477 cr, declares 130 pct dividend for FY18

Ø  Rupee may hit Rs 68-70/$1 by fiscal-end

Ø  89% of organisations plan to implement AI technologies in the next 12 months

Ø  India falls out of top 10 in FDI index

Ø  Assets of offshore Indian bonds double to $8b in ‘17

Ø  EPFO suspends Aadhaar-seeding services amid data leak reports

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