Wednesday, 2 March 2016

{LONGTERMINVESTORS} News Briefing

 

Economic Times

Ø  IMF projects 7.3% GDP growth rate for India
Ø  '50-bps+ rate cut possible if inflation is under control'
Ø  Ajay Piramal in race to buy Lafarge's $2 bn India biz
Ø  Govt mulls asset sale or disinvestment for 80 PSUs
Ø  Britain will be weaker outside EU: UK government
Ø  PSU banks rally on RBI move; shares surge by up to 12.5%
Ø  India plans to bring Iran back into banking clearing union
Ø  Govt to get Rs 40,000 cr by 2018 from coal cess: Piyush Goyal

Business Standard

Ø  PSU banks' extra capital need may drop 15%
Ø  RIL, Tata Steel, Adani to gain from investment allowance rejig
Ø  Govt expects Real estate Bill to be a reality soon: Naidu
Ø  NPAs of PSBs at Rs 3 lakh crore: CBI chief Anil Sinha
Ø  Putin says Russian oil producers agreed to freeze output in 2016
Ø  Sebi's 1st big action in castor seeds futures scam
Ø  Hinduja group formally acquires London's iconic Old War Office building

Business Line

Ø  World Bank announces second auction for emission reductions 
Ø  Surge in billionaire count in India jumps 333% 
Ø  Relaxation of offshore fund norms is not enough, feel experts
Ø  Tax on dividends beyond Rs. 10 l:  Ministry rules out review of proposal 
Ø  BEML bags Rs. 900 cr order from Kolkata Metro Rail
Ø  Plastic waste recycling start-up Banyan Nation raises $800,000

Mint

Ø  Global financial market volatility could be disruptive for India: IMF
Ø  China rating outlook cut as Moody's warns of debt, reform risks
Ø  RIL to double market cap to $100 bn in 3-4 years: M Stanley
Ø  Dabur, Marico and P&G drop prices of flagship products in January
Ø  Vodacom, Neotel transaction lapses due to regulatory complexities

Financial Express                

Ø  Sensex closes 463 points up led by gains in banking stocks; Nifty settles above 7,350; SBI surges over 12%
Ø  CBI blasts lenders for KFA fraud, not filing complaint
Ø  Jindal Steel share price surge 7% on power assets sale buzz
Ø  Gold prices extends losses on robust US data, higher stocks
Ø  Bullion traders slam duty move, gold markets shut for 3 days

Financial Chronicle

Ø  Gold refiners face risk of UN sanction for conflict gold import
Ø  Infra bonds not to be tax-free in FY17
Ø  NTPC may get more time to meet emission norms
Ø  Rupee hits 7-week high of 67.54 vs $, up 31 paise
Ø  Coal duty leaves steel sector in cold
Ø  Govt move to hit green power tariff

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