Friday 6 March 2020

@AlliesFin Serve T.ME/ALLiESFiN's Post

Economic Times



Business Standard

Ø Crisis at YES Bank deepens, withdrawal capped at Rs 50,000

Ø RBI's $476-bn war chest to fight coronavirus

Ø Zydus gets nod for world's 1st drug to treat liver disease

Ø DLF plans to raise Rs 1,000 crore via issue of NCDs

Ø Govt may miss FY20 divestment target by Rs 15K cr

Ø JPMorgan cuts YES Bank target price to Re 1

Ø Nirav Modi asset auction fetches Rs 51 cr to ED



Ø EPFO reduces interest rate on employee provident fund to 8.5%

Ø Ruias plan comeback, say Essar to re-start investment in India and abroad

Ø Oil rises more than 1% on smaller-than-expected rise in crude stocks

Ø Bharat Electronics: Phase of earnings decline may be a thing of the past

Ø RCom lenders okay Rs 230 bn resolution plan; Chinese banks to get Rs 55 bn

Business Line



Mint

Ø India blocks first request by EU at WTO for dispute panel on ICT import duties

Ø GMR gets AP Cabinet nod to developgreenfield Bhogapuram airport

Ø ED detains former Jet Airways Chairman Naresh Goyal after questioning

Ø NRIs can control 100% shareholding in Air India

Ø White-Westinghouse plans to enter the Indian market this April



Ø ONGC has begun work on mega east coast project in Krishna Godavari block

Ø Centre set to move SC to ensure timely payments by discoms

Ø Wealth tax, STT, CTT disputes not covered under Vivad se Vishwas scheme

Ø Lupin launches generic arthritis relief tablet Vimovo in US

Ø SBI Cards $1.4 billion IPO braves virus turmoil, subscribed 22 times

Financial Express



Deccan Chronicle

Ø Govt announces one-time amnesty scheme for non-compliant LLPs

Ø IT dept detects TDS defaults of hundreds of crores; major telecom, hospital chains in list

Ø 8 state-owned banks announce share swap ratios for mergers

Ø Non-bank lenders defying caution, growing riskier unsecured loans: Report



Ø Chanda Kochhar's plea against employment termination dismissed
By: via @AlliesFin Serve T.ME/ALLiESFiN

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*India Daybook – Stocks in News* *Kirloskar Oil:* Net profit up 86.1% at ₹146.8 cr vs ₹78.9 cr (YoY) Revenue up 20% at ₹1,660 cr vs ₹1,383...