News of the day – 05 Apr 2019

Business Standard
Ø RBI to ensure strict turnaround time for complaints
Ø Maruti cut vehicle production by 21% in March
Ø Will work for better transmission of rates: RBI Guv
Ø India’s spend on R&D low: Niti Aayog chief
Ø Banks may lose over Rs 90,000 crore as Videocon sinks
Ø Govt mulls attractive VRS for BSNL, MTNL revival
Ø No consensus on release of funds for Jet Airways
Ø RBI monetary policy: RBI cuts repo rate by 25 bps to 6%
Ø Fitch retains India’s credit rating at ‘BBB-‘ with a ‘stable outlook’
Ø Govt sells Rs 1,150 cr ‘enemy’ Wipro shares, state-owned firms major buyers
Ø Mukesh Ambani, Sunil Mittal consider competing for stake in Zee: Report
Ø Govt close to meeting fiscal deficit target of 3.4%: Economic Affairs Secy

Ø RBI cuts inflation forecast to 2.9-3% for H1 FY20
Ø USFDA clearance may strengthen Cipla
Ø PVR files complaint with SEBI against Ronnie Screwvala’s allegations
Ø JSW Living ventures into steel furniture business
Ø IL&FS Financial Services gross NPA at 90%: Uday Kotak
Ø Dispensing more cups of coffee, Shell also sells fuel
Ø M&A deals in India declined 17% to $25.8 billion in Jan-Mar: Report
Ø Lenders to invite bids for Jet Airways stake sale on 6 April
Ø New government to announce proposed industrial policy: Suresh Prabhu
Ø Govt may cap export of anti-rabies vaccine
Ø RBI to come out with fresh circular on resolution of bad loans: Shaktikanta Das
Ø India will be a big market for H&M globally: Janne Einola

Deccan Chronicle
Ø Fitch raises alarm over India’s high joblessness, rural distress
Ø IndiGo is Asia’s best low cost airline; bags award by TripAdvisor
Ø Tencent mops up $6 billion in huge dollar bond sale
Ø Motilal Oswal raises Rs 850 crore via India Realty Excellence Fund
Ø Rupee slumps 76 paise to 69.17 vs USD post RBI policy
Ø Sensex ends 192 points lower post RBI policy
Ø Reliance Jio Digital Services acquires AI firm Haptik in Rs 700 crore deal
Ø RBI tweaks LCR norms to boost liquidity