News of the day – 04 Apr 2019

Business Standard
Ø  Moscow Exchange signs deals with Indian bourses to attract investors
Ø  New investment proposals in 2018-19 lowest in 14 years
Ø  Sebi defers UPI for retail IPO investors till June 30
Ø  Naresh Goyal agrees to conditions laid down by lenders
Ø  Southwest Monsoon to be below normal this yr: Skymet
Ø  Centre pays sovereign guarantees for IL&FS
Ø  Tax take from Panama probes exceeds $1.2-bn: Report
Ø  Govt retains power to direct RBI for referring defaulters to NCLT
Ø  SC order on NPA circular: Govt, RBI will have to bring new rules, says Kant
Ø  Paytm Payments Bank to offer risk-free insurance, MF products by June: MD
Ø  Textiles major Raymond forays into real estate with Thane project
Ø  Nalco turns lowest cost producer of bauxite, alumina in FY19

Ø  M&M’s cumulative tractor sales cross 3 million units milestone
Ø  SAIL crude steel production in FY’19 at 16.3 MT, up 8%
Ø  WTO: India notifies plans to bring more steel items under quality control
Ø  L&T submits draft letter to BSE for open offer to buy Mindtree shares
Ø  Tata Projects receives NPCIL order worth $321 mn
Ø  Analysts divided over Supreme Court order on NPA resolution
Ø  Rail Vikas Nigam Ltd IPO to fetch about₹480 crore to government
Ø  Social security for elderly inadequate in India: UN report
Ø  BofA sees need for bad loan manager as RBI rules quashed
Ø  Vijay Mallya fights Indian banks’ attempt to recover dues in UK

Deccan Chronicle
Ø  DoT to take Election Commission nod before moving Cabinet proposal on VRS for MTNL, BSNL staff
Ø  Dr Reddy’s readies plan to scale China operations
Ø  Bharti strengthens content portfolio with Airtel Books app
Ø  Exports in March to reach USD 32.38 bn; over USD 330 bn in 2018-19: Prabhu
Ø  Sensex snaps 4-day winning streak, drops 180 points
Ø  Rupee jumps 40 paise to 68.74 against US dollar