Morning Market Glimpse 22.04.2015

Here is a glimpse of the important Market News from today morning across several business newspapers: –

Economic Times – Business Standard

• IRFC may raise Rs 6,300 cr via rupee-denominate bonds abroad
• India retains third slot in global steel production in Q1
• Govt relaxes rules for sugar exports to EU, US
• ‘Untimely rains, hailstorm hit 9.38 mn hectare of farmland’
• CAD may decline to 0.9% of GDP in FY15: Report
• ‘Won’t relent on Rs 40,000 cr tax demand on FIIs’
• Government may hike sugar import duty to 40%
• Cabinet note moved for amendments in Consumer Protection Act
• Investment banks order forensic audit of promoters, key management staff
• Daiichi exits Sun Pharma in India’s largest bulk deal
• Teva offers to acquire Mylan at $82 per share in cash, stock
• Govt to auction 69 marginal fields owned by ONGC, Oil India
• Moody’s sees RCom as vulnerable to rupee depreciation
• Subsidy exemption to state-run oil companies may continue in FY16: Oil Ministry
• Centre gives partial relief on mining leases

Business Line – Mint

• China sees first default on bond by state-owned firm
• RIL’s credit metrics to improve over two years: Moody’s
• Jaitley to meet state Finance Ministers on Wednesday
• Egis to make India the base for Middle East operations
• Claris gets nod to sell 50 ml PVC pack of Fluconazole Injection in US
• House panel recommends price caps for all drugs
• RBI considering ways to link e-commerce to banking sector
• Wipro brings Rishad Premji on board
• HCL Tech Q3 profit rises 3.6%; shares recoup losses
• Tamil Nadu cancels land allotment to Coca-Cola bottler
• Non-railway orders, improved working capital help Titagarh Wagons
• Bajaj Fin to seek shareholder nod for QIP worth Rs1,400 cr
• RBI’s rupee management undermines hedging push

Financial Express – Financial Chronicle

• Govt retains interest rate for GPF at 8.7% for current fiscal
• At Rs 83K cr, LIC boasts a tenth of ownership in listed banks
• BSE Sensex falls for 5th day; NSE Nifty dips below 8,400 mark
• Expensive LNG via long-term deal a major concern for GAIL
• Lanco Infratech sells Udupi plant to Adani Power for Rs 6,300 cr
• Wipro Q4 net up 3.9 % at Rs 2,286.5cr
• India’s cotton exports drop to 4.5 million bales
• India won’t yield to foreign investors’ demand for tax waiver
• Asian stocks firm after China stimulus, euro hit by Greek anxiety
• DLF to move out from Group A category: BSE