News of the day – 02 Apr 2019

Economic Times

Business Standard
Ø  Core sectors’ growth slows down to 2.1 pc in Feb
Ø  ONGC gas output jumps 6.5 pc to record high in FY19
Ø  RBI reshuffles lead bank responsibilities post merger
Ø  Ferrero to buy biscuit biz’s of Kellogg for $1.3 bln
Ø  Saudi Aramco world’s most profitable co in 2018
Ø  RBI to hold second round of $-Re swap auction
Ø  20 days more for resolution of Uttam Galva cos
Ø  GST revenue touches record high of Rs 1.06 trillion in March: FinMin
Ø  OMC to open four new mines, increase output to beat iron ore crunch
Ø  India delays levying retaliatory tariff on US goods to May 2
Ø  UPI touches nearly 800 mn transactions, amounting to Rs 1.3 trn in March
Ø  India levies anti-dumping duty on solar cell component from four nations
Business Line

Mint
Ø  Brexit has cost Britain nearly 2.5% of GDP: Goldman Sachs
Ø  Commodities’ best quarter since 2016 may be a tough act to follow
Ø  Suzuki Motorcycle sales up 28% in March
Ø  Amul clocks 13% rise in turnover at ₹33,150 cr in FY’19
Ø  Essar Steel debt: SBI moves apex court against NCLAT order
Ø  Usha Martin co-founder’s ouster may delay steel unit sale to Tatas
Ø  Sebi proposes amendments to norms governing SROs
Ø  Passenger vehicle sales grow in single digit in FY19, companies feel slowdown
Ø  UK exports to India grow at fastest rate among non-EU trading partners
Ø  TRAI issues showcause notice to BARC India for not releasing TV viewership data
Ø  Citibank settles case with Sebi, pays ₹4.5 crore
Ø  Everstone to sell entire stake in Rubicon Research for ₹1,000 crore

Financial Express

Deccan Chronicle
Ø  Softbank backed Elara acquires home rental startup Fastfox for nearly Rs 100 crore
Ø  After SBI, Bank of Baroda is now India’s second largest PSU bank
Ø  RBI to unveil this fiscal’s first bi-monthly policy decision on Thursday
Ø  India levies anti-dumping duty on solar cell component from four nations
Ø  Johnson & Johnson baby shampoo samples fail quality test; co rejects findings
Ø  Sensex pares gains after breaching 39,000-level
Ø  Maruti reports 1.6 pc dip in March sales at 1,58,076 units
Ø  Foreign investors pull out Rs 44,500 crore from Indian market in 2018-19