Morning Market Glimpse 23.04.2015

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

Economic Times – Business Standard

• IMD predicts below-normal monsoon, says El Niño could make things worse
• FIEO sees sharp drop in exports, seeks government support
• Wipro eyes $2 bn revenues by 2018 in healthcare biz
• Advent, Temasek to buy electric biz of Crompton
• S&P upgrades outlook on Tata Power to ‘stable’
• Shanghvi did not buy Daiichi’s shares: Sun Pharma
• Suvidhaa Infoserve applies for payment bank licence
• FIIs with tax pact shield may be exempt from MAT
• Jet Airways puts its wide-body fleet on sale to reduce debt
• Biocon to go ahead with Syngene IPO, listing likely in July
• ADB to fund $1 bn for Vizag-Chennai industrial corridor project
• YES Bank Q4 net up 28% at Rs 551 crore
• Indian Railways first in line to raise rupee bonds offshore
• ITC in talks to buy Century’s paper business

Business Line – Mint

• Foreign Investors: No MAT likely on coupons on G-Sec, corporate bonds
• Wipro staff to get shares worth Rs. 1 crore
• Indian Hotels optimistic of settling Sea Rock dispute
• US, Canada show interest in Indian virgin coconut oil
• Tech Mahindra logs on to gaming business
• Walmart.com wishes to source agri commodities from AP farmers
• Sesa Sterlite renamed as Vedanta Ltd
• Zomato buys US firm NexTable
• E-commerce skews retail market curve in India
• Petroleum minister reaches out to industry on gas pricing issue
• Poor disclosure practices by top companies
• Cabinet approves bill setting up courts for commercial disputes

Financial Express – Financial Chronicle

• Anil Ambani heeds Modi call, gives up LPG subsidy
• Declining floating stocks of bluechip firms may be adding to their valuation premium
• Regional carriers likely to get nod to fly additional metro route
• Govt committed to equal access to Internet for all: Ravi Shankar Prasad
• GST Bill to be taken up in Parliament in few days: Jaitley
• Samsung keen to set up $100 million unit in Telangana
• RBI staff concerned over Budget proposals in Finance Bill
• Pininfarina says may have M&A news soon, Mahindra seen readying bid
• Govt plans to sell road projs worth Rs1L cr to foreign funds