Here is a glimpse of the important Market News from today morning across several business newspapers: –
Economic Times – Business Standard
Ø State of economy is weaker than we thought: Raghu Rajan
Ø India asks OPEC to stop charging premium from Asian buyers
Ø India, US clear two ground-breaking defence projects
Ø Volvo selling remaining stake in Eicher for $278 mn
Ø Refiners in talks with Iraq on strategic reserves
Ø Disinvestment target of Rs 69,500 daunting: Official sources
Ø Siemens plans multi-bn euro power deal with Egypt
Ø RBI has to keep inflation under check for growth: Rajan
Ø Govt ready with steps to tackle deficient monsoon: Agri Min
Ø Markets hammer debt-laden firms
Ø Infy may be back with stock option plans
Ø Tata Tele makes Rs 3,846-cr loss in FY15 due to high finance costs
Ø CLSA slashes Sensex year-end target by 3% to 28,500
Business Line – Mint
Ø FDI dips in March to $2.11 bn; lowest in four months
Ø OECD cuts global growth forecast, says recovery taking hold
Ø Rel Cap to set up global commodity exchange at GIFT IFSC
Ø Investment routed from Mauritius to India for tax benefits: WTO
Ø Bangladesh allows LIC to operate in domestic market 3
Ø RBI allows FIIs to buy more shares in Axis Bank
Ø Warburg arm to invest Rs850 crore in Ecom Express
Ø REC, PFC, Ireda, others to raise Rs5,000 crore via tax-free bonds
Ø America’s unwanted Ivy-Leaguers are flocking to India
Ø Bharti Airtel to raise more than $500 millon by selling bonds
Ø Mercator says oil block makes first discovery in Cambay basin
Financial Express – Financial Chronicle
Ø Banks face the music as RBI urges repo cut transmission
Ø Sensex tanks 351.18 points to end at 26,837.20
Ø Rate sensitives weather worst of equity rout with over 2-4% cuts
Ø Ratan Tata acquires stake in fashion portal Kaaryah
Ø PM Narendra Modi’s income insurance idea may not win over angry farmers
Ø HSBC services PMI contracts for first time in 13 months
Ø Black money: Keep foreign info strictly secret, CBDT tells I-T
Ø China’s Phicomm makes India entry, to invest $100m
Ø Coal scam: Special court commences trial in JIPL’s case
Ø Nestle feels the heat over Maggi row, stock crashes 10%
Ø L&T wins Rs 468 cr defence order for naval floating dock
