News from financial portals and newspapers

Business Standard

Ø  Reserve Bank of India eases Basel III capital rules

Ø  Govt may get Rs 50K cr in next spectrum auction: Credit Suisse

Ø  IDBI keen to tie up with NSDL for payments bank

Ø  ‘Bill Gates richest man in world, Mukesh Ambani 36th’

Ø  SC to hear plea against P Chidambaram on Ishrat Jahan

Ø  Govt approves Adani Ports’s proposal to club three SEZs in Gujarat

Ø  Budget impact: Rush of interim dividend payouts likely

Ø  New dividend tax to hurt Premji, Mukesh Ambani the most

Ø  GAAR to bring tax clarity for overseas investors

Ø  Govt to consider partial rollback of tax on EPF withdrawals

Ø  Cipla transfers consumer healthcare business to subsidiary

Ø  Steel prices to increase by Rs 2,000 a tonne

Ø  Hindalco, Nalco to get price hike room after customs duty hike

Ø  Budget moderately positive for all sectors except PSBs: Moody’s

Ø  PlanMin allocation cut 86% for financial year 2017

Business Line

Ø  Korean agency sees surplus monsoon for India

Ø  Defence Ministry seals 44 deals worth Rs. 40,000 cr in FY 15 

Ø  Sahara’s Amby Valley reopens after payment of tax dues

Ø  Restriction on FIIs may impact Tata Chemicals

Ø  Talks to acquire French Rafale fighter jets not yet over

Ø  Regulatory issues stall Tata Communications plan on Neotel exit


Ø  India’s manufacturing PMI expands for a second month in February

Ø  Jaguar Land Rover’s 2015-16 pretax profit set to halve

Ø  DLF pushes ahead with REIT listing plans

Ø  IRB says govt has cancelled award of Zojila Pass tunnel project

Ø  Budget 2016-17: Cuts in R&D tax breaks disappoints life sciences industry

Financial Express                

Ø  SBI: RBI policy needs to be inflation, fiscal deficit driven

Ø  Centre can’t stop us from exporting crude: Cairn India to HC

Ø  ATF price up 12%; non-subsidised LPG rate cut by Rs 61.5

Ø  Indian rupee firms up 57 paise to 3-week high of 67.85 vs US dollar

Financial Chronicle

Ø  Balanced effort to maintain current account deficit

Ø  Lower deficit target will bring down cost of funds: MFs

Ø  Tatas hikes passenger car prices by up to Rs 35,000

Ø  Govt working to transform India in digital terms

Ø  Skill development will pave way for better India

News from financial portals

#  Oil at two-month high on China demand hopes, easing supply glut        
#  Global factory activity hit hard in February despite discounting        
#  Euro sinks as weak data piles pressure on ECB        
#  Mahindra’s February sales up 16 percent        
#  India’s 2016-17 budget credit positive: Moody’s and Fitch Ratings        
#  China launches two power trading exchanges        
#  Fed’s Dudley sees risks to U.S. economic outlook tilting to downside        
#  ADB supports first climate bond in Asia in $225-million Philippine deal        
#  RBI eases rules on what lenders can count as Basel III capital         
#  Yamaha domestic two-wheeler sales soar 50% in Feb        
#  Govt all set to introduce Aadhar Bill as Money Bill          
#  Govt to consider rollback of tax on EPF withdrawals        
#  Sumitomo Mitsui sells stake worth Rs 1,152 cr in Kotak Mahindra Bank        
#  Manufacturing PMI unchanged in Feb at 51.1, new orders pace up        
#  Hindalco, Nalco to get price hike room after customs duty hike        
#  BHEL has won an order worth Rs 5,600 crore from Tamil Nadu Govt        
#  Companies raise Rs 3.44 lakh cr via debt placement in Apr-Dec        
#  Tata Motors hikes passenger vehicle prices        
#  Jaguar Land Rover’s 2015-16 pretax profit set to halve        
#  Hero MotoCorp’s February sales up 13.6 percent        
#  Sahara owned Aamby Valley sealed over non-payment of dues        
#  India’s fiscal prudence positive for bonds, says RBI Deputy     


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