Here is a glimpse of the important Market News from today morning across several business newspapers: –
Economic Times – Business Standard
Ø EPFO to deduct TDS on PF withdrawals in some cases
Ø Warburg-General Atlantic in lead to buy Sharekhan
Ø R-Infra eyes Rus partner for subs, ships at Pipavav
Ø Income inequality in India lowest among peers: OECD
Ø RBI allows cos to borrow in Rs offshore from overseas lenders
Ø Airlines under CCI scanner; face cartelisation probe
Ø Govt to invest Rs 10,500cr on urea plants in Jharkhand
Ø Government relaxes FDI norms for NRIs, PIOs, OCIs
Ø IDFC Bank will generate profit from Day 1: Rajiv Lall
Ø ONGC, Cairn to spend up to Rs 6K cr on Nagayalanka block
Ø Strides Arcolab acquires Aspen’s generics biz in Australia for A$ 380 mn
Ø UP FDA tests more samples of Maggi after ordering recall
Ø Shipping Corp Q4 profit jumps over seven-fold to Rs 102 cr
Ø Titan beats Tata Steel in market valuation
Business Line – Mint
Ø Bajaj Auto net profit falls 18.6% to Rs. 621.62 cr; to payRs. 50/share dividend
Ø Crude oil, natural gas production down in April
Ø Singapore investors willing to fund projects in AP
Ø Adani lines up buyers for coal from Australian mine
Ø BS to hike authorised share capital to facilitate acquisitions
Ø Essar not interested in Nokia’s Chennai plant
Ø Investments by overseas Indians won’t count as FDI
Ø China, India and Russia to be top 3 shareholders of AIIB: report
Ø Cadila Healthcare near deal to buy Claris for Rs3,400 crore: report
Ø Zee Entertainment March quarter profit up 7.4% to Rs231.9 crore
Financial Express – Financial Chronicle
Ø US-India Business Council Concludes Successful Digital Economy Mission
Ø UltraTech cements spot with Jaypee unit buys
Ø Narayana Murthy: Involve rural population in low-tech manufacturing
Ø Pacific Controls Launch Future Ready Communication Protocol for IoT Edge Devices
