Today's Headlines from www:
*Economic Times*
π Unshackle MSMEs to create 55-60L jobs a year for next decade
π Brickwork Ratings cuts outlook on Edelweissβ NCDs to negative
π Kalpataru seeks shareholders' nod to raise borrowing limit to Rs 12,000 cr from Rs 10,000 cr
π Indian pharma industry to grow at 11-13 pc in FY2020: Icra
π Govt working out package for BSNL to make it more productive: Ravi Shankar Prasad
π Hardcastle eyes Rs 2,500cr topline, 400 McDonald's stores by 2022
π Govt mulling ban on petrol, CNG two and three-wheelers: Nitin Gadkari
*Business Standard*
π Govt orders probe into grounded Jet Airways, SFIO summons Naresh Goyal
π Ola expands global footprint, gets London licence to take on Uber
π Bank of Baroda begins post-merger innings on a strong wicket; stock rises
π Essel group's plan to acquire 62% stake in LKP Finance dealt a blow
π YES Bank acquires 9.47% stake in Eveready by invoking pledged shares
π IT firms may log muted growth in Q1, see 50-160 bps decline in margins
π Ambuja Cement scouts for buys in ready-mix concrete to fuel growth
π 8% annual growth needed for GDP to touch $5 trn by FY25: Economic Survey
π Srei to merge all its lending biz in a bid to become a universal bank
π IndiaMART InterMESH ends debut session with 34% gain over issue price
π RBI, banks begin holding company model talks; norms to be finalised by Sept
π Federal Bank Q4 net jumps two-fold to Rs 381 cr on higher interest income
*Financial Express*
π Bulk tea producers to feel tepid price pressure: Icra
π Non-food credit falls to 11.p8%, lowest in 14 months
π Dubai woos Indian fintech start-ups with $100 million fund
π Sikka group raises Rs 130 crore from NBFC to complete Noida housing project
π China says existing US tariffs must be removed for a trade deal
π IMF board approves $6 billion loan package for Pakistan
π REC board to consider proposal to raise Rs 75,000 cr via bonds
*Mint*
π Lok Sabha passes bill allowing voluntary use of Aadhaar
π Energean to buy EDF arm for up to $850 million
π Cash-strapped Dewan Housing seeks βΉ1,500 crore in fresh loans every month
π US drags India to WTO over duty hike on 28 American goods
π Pakistan airspace closure costs over βΉ548 crore to Indian airlines
π India's first highway corridors for e-vehicles expected by March 2020
π Rainfall deficit comes down to 27%, but water storage in reservoirs remains low
π FY19 gross tax to GDP ratio dips to 10.9% on shortfall in indirect tax revenue
π Banks see whopping 73% spike in frauds at βΉ71,543 cr in FY19: RBI official
π L&T Finance unit to raise $550 million in IFC-led investment round.
*Economic Times*
π Unshackle MSMEs to create 55-60L jobs a year for next decade
π Brickwork Ratings cuts outlook on Edelweissβ NCDs to negative
π Kalpataru seeks shareholders' nod to raise borrowing limit to Rs 12,000 cr from Rs 10,000 cr
π Indian pharma industry to grow at 11-13 pc in FY2020: Icra
π Govt working out package for BSNL to make it more productive: Ravi Shankar Prasad
π Hardcastle eyes Rs 2,500cr topline, 400 McDonald's stores by 2022
π Govt mulling ban on petrol, CNG two and three-wheelers: Nitin Gadkari
*Business Standard*
π Govt orders probe into grounded Jet Airways, SFIO summons Naresh Goyal
π Ola expands global footprint, gets London licence to take on Uber
π Bank of Baroda begins post-merger innings on a strong wicket; stock rises
π Essel group's plan to acquire 62% stake in LKP Finance dealt a blow
π YES Bank acquires 9.47% stake in Eveready by invoking pledged shares
π IT firms may log muted growth in Q1, see 50-160 bps decline in margins
π Ambuja Cement scouts for buys in ready-mix concrete to fuel growth
π 8% annual growth needed for GDP to touch $5 trn by FY25: Economic Survey
π Srei to merge all its lending biz in a bid to become a universal bank
π IndiaMART InterMESH ends debut session with 34% gain over issue price
π RBI, banks begin holding company model talks; norms to be finalised by Sept
π Federal Bank Q4 net jumps two-fold to Rs 381 cr on higher interest income
*Financial Express*
π Bulk tea producers to feel tepid price pressure: Icra
π Non-food credit falls to 11.p8%, lowest in 14 months
π Dubai woos Indian fintech start-ups with $100 million fund
π Sikka group raises Rs 130 crore from NBFC to complete Noida housing project
π China says existing US tariffs must be removed for a trade deal
π IMF board approves $6 billion loan package for Pakistan
π REC board to consider proposal to raise Rs 75,000 cr via bonds
*Mint*
π Lok Sabha passes bill allowing voluntary use of Aadhaar
π Energean to buy EDF arm for up to $850 million
π Cash-strapped Dewan Housing seeks βΉ1,500 crore in fresh loans every month
π US drags India to WTO over duty hike on 28 American goods
π Pakistan airspace closure costs over βΉ548 crore to Indian airlines
π India's first highway corridors for e-vehicles expected by March 2020
π Rainfall deficit comes down to 27%, but water storage in reservoirs remains low
π FY19 gross tax to GDP ratio dips to 10.9% on shortfall in indirect tax revenue
π Banks see whopping 73% spike in frauds at βΉ71,543 cr in FY19: RBI official
π L&T Finance unit to raise $550 million in IFC-led investment round.
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