Financial News for 11th March, 2019
Economic Times
Ø Finance Ministry eyeing part of non-core asset sale proceeds of CPSEs as dividend
Ø China, US reached consensus on exchange rate issues
Ø Govt amends SEZ rules in three critical areas
Ø IDBI Bank considering renewal of term for current MD
Ø Savings of millions of armymen now junk due to IL&FS
Ø FinMin may borrow 60% from market for H1
Ø PNB: Agencies to probe who helped Nirav set up UK biz
Business Standard
Ø Anil Ambani's Reliance Capital looks beyond Nippon Life for AMC stake
Ø Naresh Goyal to shed stake to 17% in Jet bailout plan; lenders to hold 30%
Ø India seeks Saudi investment in strategic oil storage to resurrect refinery
Ø Govt scraps 6th, 7th rounds of coal mine auction; sale of 19 blocks on hold
Ø Magma Fincorp expects to close FY19 with 20% growth in disbursals
Business Line
Ø CBDT allows offshore fund managers to operate from India
Ø EPF transfer on job change to become automated from next fiscal
Ø ‘Access to formal credit increases income of farmers’
Ø Suven Life inks pact to buy assets of Rising Pharma units
Ø DLF to launch over Rs 3,000 cr QIP by June
Mint
Ø Sebi seeks powers to grant immunity, impose lesser penalty in lieu of assistance
Ø India targets Saudi investment in building strategic oil reserve
Ø US, China have reached consensus on many vital issues, Yi Says
Ø FPIs invest over ₹2,700 crore in five sessions on global cues
Financial Express
Ø Essar Steel, Binani insolvency resolutions get official clean chit; top body says no contradiction
Ø CII releases roadmap for 8% growth in coming years
Ø India-SICA talks to take place soon to help promote bilateral trade and investments
Ø High value cars, jewellery to become cheaper as TCS to be excluded in computing GST
Financial Chronicle
Ø Irdai panel suggests host of steps for speedy settlement of insurance claims
Ø RBI says no data on demonetised 500, 1,000 notes used at petrol pumps
Ø IRDAI issues norms on conflict of interest
By: via @AlliesFin Serve T.ME/ALLiESFiN
