News of the day – 08 Apr 2019

Business Standard
Ø  Jet lenders to invite EoIs for bidding on Monday
Ø  New rules to identify cos controlled from abroad
Ø  Irdai mulls offering installment mode for insurances
Ø  RBI yet to approve Lakshmi Vilas Bank-IHFL merger
Ø  NGT imposes Rs 100-cr penalty over illegal sand mining
Ø  NIIT Tech to acquire WHISHWORKS; sell stake in Esri
Ø  RIL’s Navi Mumbai project may attract investments worth $75 bn over 10 yrs
Ø  Industry efficiency improves but new orders dip, show RBI surveys
Ø  Small finance banks seek equity investment to fund non-MFI portfolio
Ø  Service providers can opt for GST composition scheme by April 30: CBIC
Ø  Switzerland plans to tighten capital rules for its biggest banks

Mint
Ø  Govt keen to usher in reforms in third phase of MCA-21 project
Ø  FAME-II to impact electric 2-wheeler segment most: CRISIL
Ø  NSE co-location case: 13 more trading members under SEBI scanner
Ø  India ready to consider lower import duties on high-end mobile phones
Ø  GAIL’s Kochi-Mangaluru pipeline hits roadblock again
Ø  Lupin recalls over 12,000 cartons of birth control tablets from US market
Ø  With the world economy slowing, global debt also cooled off in 2018
Ø  Liquidity and earnings recovery key risks for Indian equities in FY20
Ø  Remittances to India are exposed to risks of further moderation
Ø  US plans to seek UK bankruptcy court’s aid in Nirav Modi’s case
Ø  Everstone buys controlling stake in Sahyadri Hospitals
Ø  India in talks with Netherlands to amend bilateral tax treaty

Deccan Chronicle
Ø  India’s coal import rises 8 percent to 212 MT in April-February
Ø  China’s March forex reserves rise 7-month high to $3.099 trillion
Ø  GST officers seek clarification from companies for mismatch in sales returns, e-way bill data
Ø  Hero MotoCorp widens gap over Honda in two-wheeler sales in FY19
Ø  Foreign investors may invest Rs 18,000 cr in Vodafone Idea rights issue: Report
Ø  FPIs pour in Rs 8,634 crore in April so far on positive market trends