Here is a glimpse of the important Market News from today morning across several business newspapers: –
Economic Times
• Budget session ends, but Modi govt makes a new beginning
• Poor earnings takes sizzle out of mid-cap investors
• ESOPs in a pickle over insider trading rules
• Flipkart Stocking up on $550 m in Fresh Funds at $16-b Valuation
• BOOST FOR PVT COS – Def Min OKs $3.4-b Make in India Deals for Takeoff
• Modi govt willing, Indo-Pak cricket ties may resume
• Reliance Jio ties up Rs 4,800 cr to buy Wi-Fi devices
• Airfare hike: CCI sceptical of cartelisation
• CCEA approves 10% stake sale in IOC, 5% in NTPC
• Stocks rise on rate cut hopes, Europe data
• ‘NSEL board assisted defaulters in money laundering’
• FDA nod for drugs crucial for Lupin, Dr Reddy’s
• Wall Street ends flat in earnings, data lull
• Oil ends down despite US crude draw; stockpiles still hefty
• Foodgrain output to fall by 5% to 251 MT in 2014-15
• 13 aftershocks jolt Nepal as toll in fresh earthquake rises to 79
Business Standard
• Cabinet approves stake sale in Indian Oil, NTPC
• Housing.com boss gifts his shares to staff
• India crosses a billion telephone numbers in April
• Easier exit for road developers
• Modi’s China visit: A historical perspective
• Tata Group to double patents to seek differentiated growth
• Adani Enterprises Q4 net down 74%; FY15 net down 12%
• TCS among top US 500 brands: Brand Finance
• Idea Cellular plans Rs 5,500 cr capex in FY’16
• Nitesh Estates buys Pune’s Koregaon Park Plaza for Rs 250 cr
• Kansai Nerolac to set up facility near Bharuch
• IOC, GAIL ink pact with Dhamra LNG
• New urea policy approved
• Wheat output might be lowest in four years
• India to sign a fresh agreement with China to boost tourism
• Govt to allow children to work in family firms, film industry
• Bill on benami property in LS
• Negotiable Instruments (Amendment) Bill passed in Lok Sabha
• New Priority sector lending rules to hit securitization in FY16: ICRA
• Muthoot Microfinance to raise Rs 500 cr from PEs
• Foreign investor group considers SC challenge to MAT
• HSBC downgrades India on economic concerns
Live Mint
• Black money bill passed; govt warns those having illegal assets
• Govt calls stakeholder meeting on e-commerce FDI policy on Thursday
• Mumbai may get new financial district along Thane-Belapur road
• CBI looking into GMR’s Delhi airport transaction
• Wockhardt charts growth plan, to add two hospitals every year
• Airport operators prepare for IPO takeoff
• The decline of the overvalued rupee
• Property prices rise 10% CAGR in 4 years
• Cabinet clears Rs20,000 crore outlay for Clean Ganga project
Hindu – Business Line
• Opposition objects to increasing use of Money Bills
• Exit clause for highway developers relaxed for pre-2009 projects
• Govt to sell 5% in NTPC, 10% in Indian Oil
• How AP is becoming India’s nuclear core
• Foodgrain output may fall by over 5%
• Innovations at Tata Group to deliver $1.1 b revenue
• Godavari Biorefineries gets Rs. 90 cr PE funding
• Sports entertainment firm Volano to raise Rs. 40 crore
• 64 Bills pending at end of Budget session
• Stranded gas-based power plants to generate electricity at around Rs. 5/unit
• India’s petrol prices third highest in SAARC region
• New Bill to ensure fair trial in cheque bounce cases
• Centre proposes 7-year jail term, heavy penalty for benami transactions
• Cabinet okays new urea policy; output set to rise
• India to seek Chinese market access for non-basmati rice