Here is a glimpse of the important Market News from today morning across several business newspapers: –
Economic Times – Business Standard
Ø FIIs exit India, enter Taiwan, South Korea, Japan
Ø US-India trade-deficit in March stood at $2 billion
Ø US Fed’s Janet Yellen warns of ‘potential dangers’
Ø ECB says 9 more banks to face stress tests in 2015
Ø India, Iran sign pact on Chabahar port; will give sea-land access route to Afghanistan
Ø Oil bulls drive crude to 2015 high on fall in US stocks
Ø Parliamentary panel asks government to allot captive iron ore blocks to RINL
Ø Lok Sabha passes landmark GST Bill
Ø Rising crude could leave Rs 14,000 cr shortfall in govt’s petroleum subsidy payout
Ø Sebi notifies debt conversion norm for banks in distressed cos
Ø FIIs dump more than Rs 9,000 cr of equities in nine sessions
Ø Cipla promoters to vest voting rights with Yusuf Hamied
Ø NTPC plans to raise $1 bn through foreign currency bonds
Ø Bhel commissions GVK’s hydro-power project in U’khand
Business Line – Mint
Ø GST rate will be lower than speculated 27%, assures Jaitley
Ø Cabinet gives green signal for insurance, pension schemes
Ø Sujana Towers to hive off transmission tower biz
Ø Britain’s big four supermarkets suffer sales falls
Ø Alstom T&D bags smart grid project in Himachal Pradesh
Ø SKS Microfinance gains market share as austerity measures pay off
Ø SAT to hear SBI Life’s petition against Irdai’sRs.275-cr order
Ø India smartphone market shrinks 7% in first quarter: CMR
Ø ONGC’s pact with ConocoPhillips on the rocks
Ø Brent crude jumps to fresh 2015 high of $68.30 per barrel
Ø United Spirits refuses to share details of internal probe
Ø India may turn out to be the world’s next big trading block
Financial Express – Financial Chronicle
Ø Sensex tanks 722.77 pts to close at 26,717.37
Ø Mutual funds shuffle exposure as markets rise
Ø Honda to invest Rs 1,775cr to expand 2-wheeler capacity
Ø Greenpeace India fears shutdown within a month due to absence of funds
Ø Coal scam: Naveen Jindal, Madhu Koda, 13 others summoned as accused
