Here is a glimpse of the important Market News from today morning across several business newspapers: –
Economic Times – Business Standard
Ø RBI to allow mass transit system to issue pre-paid card
Ø Foreign funds get SEBI’s backing on MAT
Ø Greece faces tough choices in shrinking window for aid
Ø India needs $1 tn for new infrastructure: Sitharaman
Ø RBI wants bank clients to hedge against commodity price risk
Ø Vodafone sells its stake in Bharti Airtel
Ø Not right time to list overseas arm: ONGC to govt
Ø Tata Steel unit sale talks continue but options eyed
Ø ONGC Q4 net down 20% on higher costs, low prices and dry well write-offs
Ø Govt mulls ‘Korea Plus’ even as Posco’s $12-bn steel plant hangs in air
Ø China stocks slump 6% on margin tightening
Ø Board, shareholders cleared USL accounts: Mallya
Ø Government looking to award projects worth Rs 3.5 lakh cr in next 6 months: Gadkari
Business Line – Mint
Ø Coal India Q4 consolidated net down 4% to Rs. 4, 239 cr
Ø NSE to launch new IRF contract on Friday
Ø Dollar momentum wanes; Chinese stocks take heavy tumble
Ø BASF invests Rs. 64 cr in new agri research station near Pune
Ø Edelweiss Tokio Life seeks FIPB nod to hike stake to 49%
Ø Hindalco net profit falls 36% to Rs. 160 cr
Ø Crompton Greaves gets bids for power business in Europe, North America, Indonesia
Ø Avago to buy Broadcom for $37 billion in biggest chip deal
Ø Essar Steel to monetize assets, refinance Rs15,000 crore in loans
Ø Adani Enterprises falls 7.4% on profit-booking ahead of demerger
Financial Express – Financial Chronicle
Ø PFC’s net profit rises 11% to Rs 1,561 crore in Q4
Ø TCS rated as India’s best company by Dun & Bradstreet
Ø Reliance Infrastructure profit declines 26% to Rs 459 cr on higher finance cost
Ø Private sector banks’ profits set to leave PSU peers behind
Ø IDFC to sign out of Nifty tomorrow, Bosch in
Ø Monsoon may set in earlier than expected
Ø NCDEX launches new online platform Gold Now
Ø Max Healthcare acquires 76% stake in Pushpanjali Crosslay
Ø Royal Enfield unveils limited edition range of bikes, gear
Ø CCI clears AXA raising stake in insurance JVs with Bharti
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