Here is a glimpse of the important Market News from today morning across several business newspapers: –
Economic Times – Business Standard
Ø Bank credit grew at 10.16%; deposits up 11.85%: RBI
Ø G7 finance chiefs ponder flagging growth, Greek risk
Ø Swiss sign automatic info exchange pact with EU
Ø Indian economy poised to grow at 9-10% in med-term: CII
Ø Dollar hits 8-year high vs yen, euro slips
Ø China’s slowdown leaves Tata Motors nursing wounds
Ø Max Life pegs its embedded value at Rs 5,232 cr
Ø Fearful of retro tax, PEs demand indemnity from cos
Ø MCX seeks Sebi nod to raise stake in MSEI
Ø CAG to audit coal e-auction, results in 6 months
Ø Public debt rises 0.9% in Jan-March quarter
Ø RBI may cut repo rate by 25 bps on June 2: Assocham
Ø Mallya to face the heat as MCA, I-T Dept begin probe of USL
Ø Sebi may halve minimum investment size for startup platform
Ø Claris’ sale plan may hit roadblock as USFDA slams form 483 to its facility
Business Line – Mint
Ø GAIL Q4 net profit falls 47%
Ø Sugar industry needs more than export subsidy for turnaround
Ø Infy hopeful of meeting $20-bn revenue target by 2020: Sikka
Ø IRDA slaps Rs. 65 lakh fine on India First Life Insurance
Ø Vedanta to work with Govt to lift cap on Goa iron-ore output
Ø Novartis India Q4 net jumps to Rs. 51.94 cr
Ø FIIs sell most in equity and debt since August 2013
Ø Tata Motors tumbles most in 16 months on disappointing Q4 results
Ø Global green bond market touched $37 bn in 2014: Moody’s
Ø F&B to become a Rs 3.8 tn industry by 2016-17, says study
Ø Vox Media to buy technology site Re/code
Financial Express – Financial Chronicle
Ø High job potential sectors to be opened up for FDI: PM Narendra Modi
Ø United Spirits March quarter loss at Rs 1,799 cr
Ø India, Japan to solve bilateral tax issues soon.
