17th May 2K16 - Economic Times

17th May 2K16 - Economic Times

Ø  Indians sent a record $4.6 bn abroad as overseas remittances
Ø  Banks may need Rs 1 trillion more new funds: Report
Ø  'Brexit could lead to downgrades for other EU countries'
Ø   HSBC upgrades India to neutral from underweight
Ø  RBS confirms exit of retail banking branches in India
Ø  EPFO to provide 3-year life cover to subscribers after job loss
Ø  Piramal to float new realty investment platform
Ø  Petrol price hiked by 83 paise, diesel up by Rs 1.26

 Business Standard

Ø  World Bank approves $625-mn aid for India's solar programme
Ø  RBI, Finance ministry share 'mature relationship', says Jaitley
Ø  COAI asks Trai to reconsider differential pricing of data
Ø  Indian Oil to reach 10-MT refining capacity this fiscal
Ø  Rupee dips to 2-month low at 66.80 vs US dollar
Ø  Sebi to implement upgraded risk management system soon
Ø  L&T Finance may sell stake in MF business
Ø  Agencies will make every endeavour to bring back Mallya: FM

Business Line

Ø  PSU refineries not to be hit by diesel taxi ban in the Capital: Pradhan
Ø  Debt instruments: more investment options for FPIs
Ø  Aurobindo Pharma gets USFDA nod for anaesthetic injection
Ø  Wholesale inflation turns positive; 0.34% in April
Ø  NTPC, Coal India to revive Fertiliser Corporation plants
Ø  Bo B to strengthen balance sheet, focus on reducing net NPAs to below 3% 

Mint

Ø  Sebi planning to tighten listing norms
Ø  Warren Buffett’s Berkshire Hathaway took $1.07 billion stake in Apple in first quarter
Ø  China’s Fosun bids to buy India’s Gland Pharma
Ø  Iron ore, steel rise on signs of property recovery in China
Ø  Pfizer to buy Anacor Pharma in $5.2 billion deal
Ø  Arun Jaitley hopes bad loans situation will improve in coming months

Financial Express               

Ø  Sensex closes 164 points up, Nifty settles at 7,860;
Ø  Trading in gold bonds to begin by month end: FinMin
Ø  NDA has done more work on black money than previous govts: FM Arun Jaitley
Ø  Pay Income tax dues on time to avoid last-min rush: RBI
Ø  Monsoon delay not to affect crop sowing, says IMD chief

Financial Chronicle

Ø  Sebi urged to scrap commission disclosure rule
Ø  Adani Power shuts 2,640 mw units at Tiroda plant
Ø  Agencies will do their best to bring back Mallya: FM
Ø  NSE loses Rs 240 cr due to Rs 690 cr provisioning
Ø  HSBC ups India to neutral; 2016 Sensex target at 26k