News roundup: 23 Jan

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Business Standard

Ø  Gross NPA may rise to Rs 9.5L crore by March: Study

Ø  'Tata Sons must consider buying out SP Group's stake'

Ø  Budget '18: Govt may hike agri-credit target to Rs 11L-cr

Ø  India sees scope for more integration among oil cos

Ø  HPCL may acquire MRPL in cash, share-swap deal

Ø  NCLT seeks McD reply on showcause notice

Ø  Oil ministry seeks cut in excise duty on petrol, diesel



Ø  RoC halts registering new cryptocurrency exchanges under Companies Act

Ø  Axis Bank Q3 profit up 25% to Rs 7.2 bn as net interest income grows

Ø  Ashok Leyland eyes 5-fold increase in light CVs' export; to invest Rs 4 bn

Ø  Budget 2018: Agri-credit likely to increase to Rs 11 trn for better flow

Ø  Tencent-backed Practo sees losses triple to Rs 1.9 b in FY17

Business Line



Mint

Ø  India ranks 62nd on WEF’s Inclusive Development Index

Ø  GNFC registers highest-ever performance in December

Ø  India’s richest 1% corner 73% of wealth generation: Oxfam

Ø  Sanofi to buy Bioverativ for $11.6 billion

Ø  US FDA completes inspection of Shilpa Medicare Raichur units

Ø  IFMR Capital facilitates SPiCE bond transaction



Ø  IMF sees India GDP growth at 7.4% in 2018, China’s at 6.8%

Ø  World Gold Council investigates standard for gold kilobars

Ø  CPPIB to invest $144 million in ReNew Power Ventures

Ø  RBI, govt may give banks more time to switch to IndAS

Ø  Siemens Gamesa bags orders for 326MW wind power capacities

Ø  Tiger Global is said to take a $1 billion stake in Barclays

Financial Express



Financial Chronicle

Ø  Nearly 4% of GDP is lost due to malnutrition, says Assocham, EY joint report

Ø  India asks Germany to help relax new EU rice import rule

Ø  Tiger Global is said to take a $1 billion stake in Barclays

Ø  India’s richest 1% corner 73% of wealth generation: Survey

Ø  Larsen & Toubro launches second offshore patrol vessel



Ø  India’s rising government bond yields are credit negative for its public-sector banks

Ø  Govt has run away by classifying NSEL crisis as private dispute: Charry

Ø  Goa miners expect lifting of iron ore limit by SC

Ø  Sugar prices tumble on panic sale by mills

Ø  Silver imports nearly doubled in 2017, thanks to GST