09 May 2018

9 May: News Roundup

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Business Standard

Ø  Government to release inflation index for 10 services

Ø  Amazon India gets Rs 2600 cr infusion for marketplace

Ø  Eyeing opportunities beyond steel also: L N Mittal

Ø  Oil PSUs froze fuel prices to avoid consumer pain: IOC

Ø  Govt nominee on ICICI board awaits probe report

Ø  Court issues fresh order to attach Mallya's properties

Ø  SBI General Insurance's net profit swells 150% to Rs 4 bn in FY18

Ø  Investors pricing in Modi win in 2019; oil, rupee among key concerns: UBS

Ø  Tata Sons asks Sivasankaran to pay back Rs 7-billion loan, say sources

Ø  Dalmia Bharat moves SC on NCLT's Binani Cement order, hearing on May 10

Ø  India opens biggest CGD round, expects investments to the tune of Rs 800 bn

Business Line


Ø  NCDEX gets SEBI nod to set up clearing corporation

Ø  Power sector’s meeting with RBI on NPA norms postponed

Ø  GST: No FMCG demand jump despite price drop

Ø  L&T bags Rs.1,798-cr order from Cochin Shipyard

Ø  Godrej Consumer net up 59% at Rs 617 cr in fourth quarter

Ø  Jubilant FoodWorks posts 10-fold jump in Q4 net

Ø  Tata Steel Europe puts five units on the block

Ø  Govt nominee on ICICI Bank board may skip meetings till probe ends

Ø  Telecom dept to examine proposal for sale of Tata Teleservices’ enterprise business

Ø  Walmart likely to announce Flipkart deal before end of week

Ø  Food delivery firms step up discounts to grow market

Ø  Aditya Birla Capital March quarter profit rises 91% at Rs208 crore

Financial Express

Financial Chronicle

Ø  Biggest city gas distribution licensing auction opens, Rs 70,000 crore investments expected

Ø  Daiichi-Ranbaxy row: High Court allows sale of Singh brothers’ firms

Ø  Japan’s Takeda clinches $62 billion deal to buy drugmaker Shire

Ø  ANAROCK merges ANB Capital with itself to start capital market service

Ø  RBI refuses to ease NPA norm, shocks power sector

Ø  M&A street buzzes with $17.2b deals in Q1

Ø  Federal Bank, Ageas await right price to sell IDBI Federal stake

Ø  MFs assets rise 8.8% in April on equity rally, reverse inflow

Ø  PSBs need to pass reform test for recapitalisation

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