*Business Standard :*
Ø SBI board approves Rs 23,000-crore RCom resolution plan
Ø Vedanta's corporate family rating downgraded to B1
Ø RBI tells banks to prepare action plan against risks
Ø Banks, FIs report Rs 1.4L-cr frauds during April-Dec
Ø Airtel pays Rs 1,950 cr towards deferred spectrum dues
Ø Indian Railway Finance Corp gets nod for IPO
Ø NCLT approves ArcelorMittal's Rs 2,360 cr bid for OSPIL
Ø At $84 bn, India has 3rd highest illicit financial flow after China, Mexico
Ø Monitoring coronavirus impact on markets, ready to take action: RBI
Ø Banks to lend Rs 1.85 trn to housing, auto, MSMEs in next 6 months
Ø Tower firms stare at Rs 8,000-crore loss if Vodafone Idea shuts business
Ø Reliance Capital defaults on interest payments to HDFC, Axis Bank
Business Line
*Mint :*
Ø Grey prospects: Flattish demand growth for cement likely this fiscal
Ø Direct tax mop-up at ₹7.52-lakh cr in Apr-January
Ø India's electricity supply rises 7.1 per cent in February
Ø FDI inflow dips 1.4% to $ 10.67 bn in October-December
Ø Tata Motors cuts production as sales slow down
Ø Finance Commission to meet State Finance Ministers on March 13
Ø FM introduces Bill to amend Banking Regulation Act to avoid PMC-like crisis
Ø Amid spreading virus, US Fed cuts key interest rate by 50 bps to 1-1.25% range
Ø Trell raises $4 mn from Sequoia Surge, Fosun RZ Capital
Ø NBCC gets NCLT nod to acquire Jaypee Infratech
Ø Nabard infuses ₹1.46 lakh crore in rural banking system in 2019-20
Financial Express
*Deccan Chronicle :*
Ø ArcelorMittal Nippon Steel completes acquisition of Bhander power plant in Hazira
Ø Govt confident of doubling farmers income by 2022
Ø Government plans South Asian power grid
Ø Life insurance companies may sell indemnity-based health plans again
Ø Manufacturing may get leg-up from China woes
By: via @AlliesFin Serve T.ME/ALLiESFiN
