8 May: News Roundup

Please Share:: �� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��

��

-->


Economic Times

📝 Private players soon likely to be roped in to help run EPFO, ESIC schemes

📝 Indian e-commerce market sees M&A deals worth $2.1 bn in 2017

📝 FPI outflows hit 16-month high at Rs 15,500 crore in April

📝 UltraTech offers revised bid of Rs. 7,840 crore for Binani cement

📝 Companies get scrutiny notices for mismatch in GST returns

📝 HPCL begins home-delivery of diesel

📝 Post Videocon d2h merger, Dish TV plans Rs 1,700 crore investment

📝 Arbitration hearings begin in Cairn India's challenge to Rs 20,500 crore tax demand

Business Standard

📝 Centre plans to make 2% CSR spending mandatory for Life Insurance Corp

📝 Tyremakers in India line up aggressive capacity expansion plans

📝 Telecom: Govt's 4-yr investment estimate of $100 bn conservative, says COAI

📝 Govt finalises standards for vessels to ply on domestic water bodies

📝 Cost-cutting measures: Banks close 2,000 ATMs in 10 months

📝 Flipkart-Walmart deal: Billion-dollar gateway to Indian market for Google

📝 Manipal-TPG revises offer for Fortis, raises value to Rs 83.58 billion

Financial Express

📝 Will be surprised if ArcelorMittal ineligible for Essar Steel bid, says LN Mittal

📝 Jaypee Infratech's customers write to IRP to protect home buyers' interest

📝 NITI Aayog seeks World Bank’s help to prevent fraud in AB-NHPM

📝 Rs 621 crore UCO Bank loan fraud: Enforcement Directorate registers money laundering case

📝 North Korea accuses US of misleading world on Pyongyang's denuclearisation

Mint

📝 Aurobindo launches $1.6 billion bid to buy Novartis generics unit

📝 Temasek plans to acquire stake in Pine Labs in $400 million deal

📝 SoftBank weighs options to cut tax liability in Flipkart stake sale

📝 Mindtree investor V.G. Siddhartha sees firm doubling revenue by 2023

📝 Sidelined by SUVs, sedans now making a comeback

📝 JSW defers plans to tap PE fund for ports expansion

📝 Big wilful defaulters owe Punjab National Bank Rs15,172 crore.


Business Standard

Ø  US move may spiral into trade war, India tells WTO

Ø  SBI threatens to pull the plug on insolvent firms

Ø  ICICI Bank Q4 net halves, provisions more than double

Ø  Govt mulls time limit for withdrawal of cases under IBC

Ø  Binani CoC likely to discuss UltraTech bid on May 9

Ø  Trai issued 26 orders for fines on pesky calls in 2017

Ø  Latest bid for India's Fortis more risky: Manipal CEO

Ø  Cognizant guides for $4-4.04 billion Q2 revenues



Ø  Insolvency: Promoters submit Rs 10 bn revival plan for Jaypee Infratech

Ø  Sebi writes to govt urging tax parity between cash and derivatives

Ø  Nestle to pay Starbucks $7.15 bn for rights to sell its products worldwide

Ø  Crude oil breaches $70 as markets await Trump call on Iran sanction

Ø  Reliance to invest Rs 600 bn in Jio this year, may borrow Rs 1 trn more

Ø  Brokers urge Sebi to review 'harsh' 100% penalty on margin reporting

Business Line



Mint

Ø  BSE to launch commodity derivatives trading from Oct 1

Ø  GM cotton patents: SC refuses to stay order against Monsanto

Ø  Fee regulations for insolvency professionals soon

Ø  Oilmeal export earnings up 48% in 2017-18

Ø  RInfra-Astaldi JV bags Rs 7,000-cr Versova-Bandra sea link project in Mumbai

Ø  Suven’s Pashamylaram unit completes USFDA inspection



Ø  HC rejects plea to stay Vodafone’s UK arbitration in tax dispute case

Ø  Bharti Infratel, Indus likely to invest Rs3,500 crore capex for FY’19 ahead of merger

Ø  Niti Aayog partners with Google to grow India’s artificial intelligence ecosystem

Ø  BlackRock exits India mutual fund business

Ø  Aurobindo launches $1.6 billion bid to buy Novartis generics unit

Financial Express



Financial Chronicle

Ø  Mukesh Ambani's EWPL seeks tripling of KG gas transportation tariff

Ø  SC issues notice to Unitech on contempt plea of Home buyers

Ø  Lemon Tree’s big expansion plan! To invest Rs 850 crore on capex in 3 years

Ø  Infibeam to buy Snapdeal’s Unicommerce in Rs 120 crore deal



Ø  11 more PSUs identified for disinvestment

Ø  Valuations of retail banks, NBFCs are stretched

Ø  Chana prices set to recover from 4-year lows

Ø  IBA to measure reforms implementation by PSBs

Ø  MFs lifting cap on small and mid-cap schemes

Ø  BlackRock blinks, DSP gets 100% in Investment Managers