Wednesday 10 April 2019

@AlliesFin Serve T.ME/ALLiESFiN's Post

Economic Times



Business Standard

Ø Government meets FY19 fiscal deficit goal of 3.4%

Ø India to grow at 7.3% in 2019 and 7.5% in 2020: IMF

Ø Tatas take over Usha Martin's steel business

Ø Current economic atmosphere 'a delicate moment': IMF

Ø PSEs to stay PSUs even with below 51% govt stake

Ø BSNL collects record Rs 6,500 crore in revenue

Ø SBI reduces MCLR, home loan rates from April 10



Ø Direct tax collection may fall short of Rs 50,000 cr in FY'19: Official

Ø US criticises India's data localisation norms, draft e-commerce policy

Ø Trump warns EU of $11-bn tariffs over its subsidies to Boeing rival Airbus

Ø NCLAT may ask Arcelor to deposit Essar bid amount of Rs 42,000 cr on Apr 23

Ø New hydropower policy could be last chance for revival of neglected sector

Business Line



Mint

Ø CAI trims cotton crop size to 321 lakh bales, lowest since 2009-10

Ø I-T Dept looking at IBC resolution cases for possible tax violations

Ø Ramco Systems bags new order in Australia, New Zealand

Ø Mahindra & Mahindra eyes 50% of tractor revenues from overseas

Ø Opto Circuits enters into one time settlement with Yes Bank



Ø Power producers outstanding dues on discoms spike 20% to nearly ₹41K cr in Jan

Ø Vodafone Idea expects Indus Tower stake sale in 3-4 months for ₹5500 crore

Ø Polycab ₹1346 crore IPO subscribed over 50 times on last day

Ø Panacea Biotec's lenders approve one-time settlement of outstanding dues

Ø Standard Chartered to pay $1.1 billion for sanctions violations

Financial Express



Deccan Chronicle

Ø Fitch affirms ‘BBB-‘ rating to Exim Bank, stable outlook

Ø ‘No deal’ Brexit risks severe economic shock, IMF warns

Ø India highest recipient of remittances at USD 79 billion in 2018: World Bank

Ø India probes dumping of ‘aluminium, zinc coated flat products’ from China, Vietnam, Korea



Ø Gold falls Rs 235 on muted demand

Ø Overhauled oil policy to apply from 4th bid round: DGH

Ø Rupee snaps 3-day losing streak; rises 37 paise to 69.30 vs USD

Ø Ford may merge India biz in new Mahindra JV
By: via @AlliesFin Serve T.ME/ALLiESFiN

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