24 April: News Roundup

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Business Standard

Ø  Crude import bill may rise 20% in FY19 on soaring prices

Ø  Trai asks Aircel to refund security deposits of users

Ø  Thai firms keen to invest $3 billion in India

Ø  Electrosteel acquisition is credit positive: Moody's

Ø  Coal supply to power plants may remain tight: KPMG

Ø  Race for Fortis: IHH may file binding offer before April 25

Ø  TCS becomes first Indian IT co to hit $100 bn m-cap

Ø  Patanjali puts in Rs 9,000 crore bid for Ruchi Soya



Ø  India highest recipient of remittances at $69 billion, says World Bank

Ø  Apex court denies relief to Binani Cement operational creditors

Ø Insolvency: JSW writes to CoC on inviting fresh bids for Essar Steel

Ø  Tata Power, Adani, ReNew Power jostle for space in Odisha to set up units

Ø  Oil dips to $74 as rising US yields steer bulls amid rising crude output

Business Line



Mint

Ø  Time ripe to consider ‘pre-packs’ under insolvency: NCLT President

Ø  Liberty House sole bidder yet again for ABG Shipyard

Ø  Finmin not for cut in excise duty on petrol, diesel

Ø  Industry, govt think-tank to discuss national e-comm policy

Ø  Reliance Infrastructure Q4 net rises to Rs 160.14 cr

Ø  Lupin gets USFDA nod to market Tetrabenazine tablets



Ø  New industrial policy to be announced soon: Suresh Prabhu

Ø  True North in talks to buy 26% stake in Federal Bank’s NBFC

Ø  Salil Parekh sets 3-year target to stabilize, turn around Infosys

Ø  Edelweiss, Kotak may buy Avantha’s Rs4,300 crore debt

Ø  ICICI Securities IPO under Sebi scanner

Ø  AGS Transact to make third attempt at IPO, aims to raise up to Rs1,000 crore

Financial Express



Financial Chronicle

Ø  Anti-profiteering: NAA’s 1st order goes against consumer

Ø  10 states account for over 83 pc of e-way bill generation, Gujarat tops chart

Ø  Xi Jinping, Narendra Modi to discuss US’ ‘protectionist’ trade policy, ‘unprecedented’ developments

Ø  US sanctions on Rusal to hit profitability of Indian auto firms, says Icra report



Ø  Private life insurers increase market share in new business premiums in FY18

Ø  Rupee seen hitting 13-month low of 66.80/$1

Ø  RBI refuses to budge on new NPA rules, infra sector may get hit

Ø  Bond St mystery: Unknown investors purchase Rs 5,734 crore debt in a day