Business News Tablet

[Rajesh Desai]

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  RBI to issue clarifications on new bank licences Ø  Sebi's board to meet; to discuss proposals made by FM Ø  Investors dump gold ETPs, seek growth assets: BlackRock Ø  IFFCO, Tata Chem willing to invest in urea sector Ø  Kalpataru Power, its unit bag orders worth Rs 1,810 cr Ø  Hindustan Motors sales rise in February Ø  Kishore Biyani to raise Rs 800 cr via stake sale		Ø  Tata Steel recognised as one of world's most ethical co. Ø  New Pension in direct stocks a boon for investors Ø  Govt asks AgustaWestland to explain linkages with 2 firms Ø  Markets end higher led by software shares Ø  M&M workers call off stir at Nashik plant Ø  Adidas takes euro 153 mn hit due to Reebok India fraud
Business Line		Mint
Ø  NYSE Euronext calls off MCX stake sale Ø  Colgate-Palmolive to split stock, raise dividend Ø  Panel to suggest steps to lower transaction cost for exporters Ø  Karuturi Global seeks RBI nod for FCCB restructuring Ø  WDM witnesses trade worth Rs 3,728 cr on NSE Ø  Govt okays export of 5 mn tonne FCI wheat via private traders Ø  L&T inks pact with CMI Energy to extend licence territory		Ø  Maran in talks with FIIs to sell 2% in Sun TV Network Ø  StanChart in pact with ADB to support Asian MFIs Ø  Telenor allowed to offset Rs.1,658 crore against auction payments Ø  Indorama gets green light to explore oil in France Ø  Tata Projects starts work on eastern dedicated freight corridor Ø  Sobha group founder to give 50% of wealth to charity: report
Financial Express		Financial Chronicle
Ø  Tax exemption for securitisation trusts to boost MF Ø  SAT to hear Subrata Roy's appeal against Sebi on Mar 11 Ø  Insurance cos not keen on banks as brokers Ø  Mahindra & Mahindra cars may use 'fuel smart' technology Ø  'Ban on entry load of MF schemes affecting lakhs of Mutual Fund distributors' Ø  Gulf Indians warned not to carry home more than Rs 7,500		Ø  India has all requirements to return to 8% growth: Montek Ø  OIL pays over Rs 518 cr interim dividend to govt this fiscal Ø  National free roaming likely before October: Sibal Ø  Key political, economic risks to watch in India Ø  Inflation-linked bonds to be open for DIIs first Ø  Rupee hits one-week high, up 16 paise Ø  Rupee edges higher; global central bank decisions eyed

 

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CA. Rajesh Desai