5 Jan: News roundup

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Business Standard

Ø  Govt gets LS nod for Rs 80K cr banks recap bonds

Ø  ICICI Bank takes Western India Shipyard to NCLT

Ø  Banks seeks RBI nod to spread losses over 2 quarters

Ø  Mobile user base reaches to 97.54 cr in Nov: COAI

Ø  Putting all resources to resolve NPAs: Arun Jaitley

Ø  Jaypee aims to complete 24,000 flats in next 2 years

Ø  Bring down corporate tax to 28% in Budget: Ficci to govt



Ø  Idea Cellular plans to raise Rs 67.5 billion before Vodafone merger

Ø  Lenders plan Aircel, GTL Infra merger to clear combined debt

Ø  Hindalco likely to bid for $2.5-bn US-based aluminium firm Aleris

Ø  GDP can grow at 6.7% average for next 5 years: Fitch

Ø  Delhi court declares Mallya proclaimed offender in a FERA violation case

Ø  Brookfield Business Partners to buy Westinghouse for $4.6 bn

Business Line



Mint

Ø  Govt to opt for wider fisc deficit target of 3.2% in FY19: DBS

Ø  7.75% savings bonds to be available from Jan 10: FinMin

Ø  Higher NPA provisioning to impact banks in 2018/19: ICRA

Ø  SEBI to MFs: Adopt total return index to benchmark schemes

Ø  Broker's Call

Ø  Iron ore price hike forces steel firms to pass on cost: Jindal



Ø  Sebi planning a ‘riskometer’ for stock market investments

Ø  Italy’s Enel Group eyes electricity distribution sector in India

Ø  NIIT acquires Eagle Productivity Solutions for $8.1 million

Ø  Kedaara Capital in talks to buy Indian School Finance

Ø  3 public sector banks get nod to raise Rs2,348 cr from govt

Ø  Samvardhana Motherson acquires MS Global India

Financial Express



Financial Chronicle

Ø  India looks to boost plastic, chemicals & forest goods export

Ø  Natural gas, jet fuel may soon come under GST, but not petrol, diesel

Ø  India’s services sector returns to growth in December: PMI

Ø  HCL Tech terminates JV with Great American Insurance Company



Ø  RBI may announce OMO purchase next week to cool yields

Ø  Warm weather affects mustard sowing by 8%

Ø  Hero Cycles to have 20 e-cycles in 3 months

Ø  Exide launches new range of automotive batteries

Ø  India risks landing on currency manipulator watch list

Ø  Crude oil at three-year high of $68.27 per barrel