{LONGTERMINVESTORS} News Briefing

 

Economic Times

Ø  World Bank raises crude price forecast to $41 for '16
Ø  NPAs a huge threat to India's credit profile: Moody's
Ø  Maruti Q4 net falls 12%; dividend at Rs 35/share 
Ø  RIL may launch 4G services in 3 months; net $1 bn revenue: MS
Ø  Indian pvt defence industry divided over partnership
Ø  Cash crunch easing: RBI to conduct open market operation
Ø  Govt to sell 11.36% stake in NHPC tomorrow at Rs 21.75 a share
Ø  Wheat procurement sees 3-fold jump to 14.58 mn tonnes so far

Business Standard

Ø  Patanjali aims to beat Nestle, P&G & Colgate
Ø  SC asks govt to set up a panel to probe bad loan issue
Ø  IT dept to pay interest on delayed TDS refund
Ø  701 bad loan accounts owe PSU banks Rs 1.63 lakh crore
Ø  Axis Bank Q4 net dips after 46 quarters
Ø  Sebi ropes in HDFC Realty, SBI Capital for sale of Sahara assets
Ø  60% water cut for distilleries and breweries in drought-hit Marathwada

Business Line

Ø  Hindalco to sell Australian unit to Metals X
Ø  Apex Court orders Mallya to furnish overseas asset details of family
Ø  Onus on banks, insurers to deliver on crop insurance  
Ø  Maharashtra Cabinet approves draft Bill regulating pulse prices 
Ø  Service tax returns filing date extended to April 29
Ø  Oil prices edge up but concerns over Saudi output cap gains

Mint

Ø  SC dismisses plea challenging reappointment of Sebi chief
Ø  RBI to conduct OMOs on Thursday to infuse Rs 15,000 crore
Ø  India is the biggest virtual exporter of water
Ø  Maharashtra to seek World Bank loan for drought mitigation
Ø  State Bank of Mysore Q4 profit down 23% to Rs105 crore
Ø  Alipay raises record $4.5 billion to fund global expansion

Financial Express                

Ø  Sensex settles above 26K on firm global cues, corp earnings
Ø  Blackmoney: SC asks SIT to look into Bank of Baroda scam
Ø  Realtors say no scope for further cut in housing prices
Ø  Bharti Infratel Q4 Net jumps 19%; to buy back shares of Rs 2K cr
Ø  Govt owes over Rs 43,000 cr subsidy to fertiliser industry

Financial Chronicle

Ø  Oil, energy sector PSUs marked for stake sale: Govt
Ø  India narrowing gap with China on FDI inflows: Nomura
Ø  Despite mkt volatility, MFs add 59 lakh folios in FY16
Ø  Govt invites bids to sell 10% stake in Oil India
Ø  Centre sets up IMG to speed up state mines auction 

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