Here is a glimpse of the important Market News from today morning across several business newspapers: –
Economic Times – Business Standard
Ø Govt officials meet to resolve issues for oil & gas cos
Ø NTPC to build biggest power plant in JV with JSEB
Ø ‘UBS, Credit Suisse may combine investment banks’
Ø India’s US bond holding crosses $100-bn mark
Ø Andhra govt to make state a renewable energy hub
Ø Birla merges garment biz to form Rs 5,290-cr entity
Ø Sebi’s fresh bid to find Sahara investors for refunds
Ø Govt plans mega launch of insurance, pension schemes
Ø Corporate earnings have failed to keep pace with markets
Ø Factories with up to 40 workers may be kept out of major labour laws
Ø Labour, technology two critical issues for Make in India: BCG
Ø India Inc must temper sky high expectations: Uday Kotak
Ø No privatisation of railways: Prabhu
Ø Fertiliser Ministry moves Cabinet note on urea policy
Ø W Buffett denies that Berkshire Hathaway ‘too big to fail’
Ø Govt may impose anti-dumping duty on Chinese calculators
Business Line – Mint
Ø ‘India will not respond under pressure on IPR issues’
Ø ONGC, APMDC sign up for barytes project
Ø ‘Investors should be informed of impact of new accounting norms’
Ø Rafale deal: Dassault likely to enter joint venture with HAL
Ø Lafarge-Holcim merger not a threat to UltraTech: Birla
Ø SREI Infra net up 92%
Ø CCI to look at net neutrality, other high-tech issues
Ø Cement, steel production declines, weak demand seen for next 6 months
Ø Oil ministry wants BP to furnish bank guarantee for ATF licence
Ø Fortis to sell RadLink unit in Singapore for Rs530 crore
Ø Grasim Q4 profit at Rs507 crore
Ø Tech Mahindra moves Supreme Court over ED trial in Satyam case
Financial Express – Financial Chronicle
Ø FPI inflows hit 4-month low of Rs 15K-cr in April on MAT concerns
Ø WPI inflation to average at 3.7% in FY’16: D&B
Ø TATA Motors turns to GenX Nano to shed ‘cheapest car’ tag
Ø Tata Motors’ rights issue subscribed 1.25 times; to raise Rs 7.5k cr
Ø Government moves may prop up sugar industry
Ø Economic revival taking U shape rather than V
Ø Govt to award Rs 15,000 highway projects for N-E
Ø ICAI writes to Sebi over auditors’ role in USL
Ø Srei Equipment receives bids worth Rs412.87 cr
