Financial News 12th April 2016

Economic Times

Ø  India gets $42 billion FDI during April-February: RBI
Ø  Carlyle says India to offer best PE returns in the world
Ø  World Bank lending hits post-financial crisis peak
Ø  After failing to find a buyer, RBS decides to close down India business
Ø  Payment bank license to Bharti Airtel-Kotak JV
Ø  Boost in Infra to benefit LafargeHolcim: Moody's

 Business Standard

Ø  Tata Steel sells UK long-product plant
Ø  Fitch pegs India's growth at 7.7% in FY17
Ø  StanChart looks to shed $1.4-billion loans in India
Ø  Tax liability cloud over Cairn-Vedanta merger
Ø  Maggi clears all safety tests directed by Supreme Court
Ø  L&T withdraws plans for listing L&T Infotech
Ø  RBI sells $3.34 billion in spot forex in February

Business Line

Ø  Govt may pay interest subsidy directly to borrowers
Ø  Brand ambassadors may be made liable for misleading ads
Ø  India, Maldives sign pacts on taxation, defence
Ø  Stake-sale in SUUTI: Centre keeps options open for now
Ø  Tata Capital ties up with Biz2Credit to lend to SMEs
Ø  Cairn India crude oil & gas production falls 8% in Q4


Ø  Monsoon likely to be above normal this year: Skymet
Ø  Critical phase of reforms on now, says Arun Jaitley
Ø  IDFC Alternatives in talks to invest Rs600 crore in ACME Solar
Ø  Bhel’s steep valuation prices in the potential positives
Ø  Vistra Group marks India entry with IL&FS Trust acquisition
Ø  Bharti Airtel does well to go on spectrum acquisition spree

Financial Express                

Ø  Obama, Fed's Janet Yellen discussed economic risks in White House meeting
Ø  Sensex reclaims 25,000, surges 348 points, Nifty settles above 7,650
Ø  Vijay Mallya: Paid $100 to acquire T20 League franchise Barbados Tridents
Ø  Ashton Carter offers India aircraft carrier know-how

Financial Chronicle

Ø  Govt committed to strict probe into Panama leaks: Sinha
Ø  Govt warns Monsanto against exploiting farmers
Ø  RBI has taken a bet on payment banks: Rajan
Ø  Tax-free bonds gain on RBI & small savings rate cuts
Ø  Jewellers divided over strike, half open shops
Ø  China to drag down growth in developing Asia: WB

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