Here is a glimpse of the important Market News from today morning across several business newspapers: –
Economic Times – Business Standard
Ø Adani Ports in talks with Essar to acquire its ports biz
Ø Second phase of coal mines auction to begin today
Ø RBI extends all-in-cost ceiling for ECBs till Mar-end
Ø I-T dept tells FPIs to pay alternate tax by March 31
Ø ‘India to add 1L MW clean coal tech-based power capacity’
Ø Volvo selling up to $300 mn worth of Eicher shares
Ø ‘Chinese firms keen to set up manufacturing units in India’
Ø Govt readies stake sale pipeline worth Rs 30k cr
Ø EOW arrest three top brokers in NSEL scam
Ø New monetary policy framework to give more autonomy to RBI
Ø ONGC not yet ready for stake-sale: Disinvestment Secy
Ø $95-billion tax benefits for companies, individuals, up 7%
Ø Barclays takes $1.2 billion charge as forex settlement looms
Ø Bharti Airtel, China Mobile tie up for 5G, telecom equipment procurement
Business Line – Mint
Ø RCom gets BB- rating from Fitch
Ø BSE to launch function to prevent self trades in equities
Ø Ranbaxy loses approvals, right to sell two drugs in US
Ø L&T construction arm wins orders worth Rs. 2,215 cr
Ø Moody’s downgrades Central Bank, IOB
Ø Sun Pharma buys GSK’s opiates business in Australia
Ø Govt seeks trading halts to enable $11 bn of asset sales
Ø CESC: Aggressive coal mine bid triggers earnings cuts
Ø GAIL drops plan to set up LNG terminal at Paradip
Ø Suzlon expects to turn profitable in fiscal 2016: chairman
Ø Infra stocks sizzle as govt tackles funding constraints
Ø Bharti Infratel sets cash register ringing for Airtel
Financial Express – Financial Chronicle
Ø Black money: RBI refuses to share inspection reports with intelligence agencies
Ø FPIs pump in Rs 24,500 cr in Feb; inflows may accelerate
Ø Adlabs IPO price band fixed at Rs 221-230, aims to raise Rs 450 cr
Ø Pakistan International Airlines acquires property in Delhi without RBI permission
Ø TRAI asks Vodafone to stop using 111 for customer services
Ø India needs to achieve sustained economic growth of 9-10 pc: FM
Ø Sahara’s Grosvenor House put on sale; may fetch Rs 5,000 cr
Ø Corp tax rate reduction will make India more competitive
Ø Insurance bill introduced in LS amid opposition
Ø Govt to consider “next round of action” on subsidies:FM
Ø BSE revises annual listing fee of companies for FY16
Ø Exchanges to allow listing of Reits, INViTs
