Here is a glimpse of the important Market News from today morning across several business newspapers: –
Economic Times – Business Standard
Ø Govt forms panel to resolve MAT with FIs
Ø Satyam case: Tech Mahindra seeks SC intervention
Ø Housing price inflation declines to 4-year low: RBI
Ø Tata Motors collects Rs 9,040.56 cr from rights issue
Ø France, Germany offer hope for EU-US trade deal
Ø RBI’s new mechanism for banks to check loan frauds
Ø FIEO asks govt to review FTP incentives for exporters
Ø RBI may cut rate even before June 2: SBI Research
Ø Govt extends LS session to finish pending business
Ø FIIs turn to China as they exit Indian markets
Ø Hero MotoCorp reports 14% drop in Q4 profit
Ø Refineries need Rs 80K-cr investment to upgrade petrol, diesel
Ø Not bad but keep your guard up: IMF on India
Business Line – Mint
Ø Steel imports climb over 50% in April, exports fall
Ø CIL’s Talcher coalfields resume production
Ø Investors flee emerging markets as global bond yields spike
Ø Maharashtra eyes 14,400 MW from non-conventional sector
Ø Jindal Saw allots shares against convertible debentures
Ø Titan Q4 net up 4% at Rs. 215 cr
Ø Indian market valuations fall below long-term average
Ø Micromax kicks off ecosystem plan with app investment
Ø Birla Corp. profit up 8.6% to Rs28.46 crore
Ø EDF said to be ready to buy Areva nuclear, engineering units
Ø RBI asks banks to issue only chip, PIN based debit/credit cards from Sept
Financial Express – Financial Chronicle
Ø Falling out of love, foreign funds dump Indian shares and bonds
Ø Indian rupee breaches 64-mark, hits 20-month low against US dollar
Ø E-commerce firm Myntra acquires mobile app devp platform Native5
Ø IMF welcomes passage of GST by Indian parliament
Ø ArcelorMittal cuts 2015 view on US steel, weak mining
Ø Hindustan Zinc plans Rs8,000 cr expansion
Ø China proposes joint mining of Indian Ocean with India
Ø Infosys co-founder invests in Uniphore
