Market News 18/04/16

Economic Times
·         After Zomato, Snapdeal, Grofers, more startups brace for second round of layoffs
·         RBI's foreign reserves have more than tripled
·         'India ahead among EMs in recognising bad loans'
·         Maruti gears up for another year of double-digit growth

·         Agricultural sector may see drastic improvements from normal monsoon, say experts
·         Moving IPL matches out won't help farmers, GM crops will
·         Bank loans not sole cause for farm distress, says SBI chief Arundhati Bhattacharya
·         Heat waves to result in record sales for ACs, softdrinks & ice creams
·         Flipkart eyes on becoming India’s largest furniture retailer by year end
·         Fighting Chinese onslaught: Government plans to set up bulk drugs manufacturing hubs
·         Haryana to go kerosene free from next year: Manohar Lal Khattar
·         Honda all set to challenge Creta, Duster with upcoming BR-V
·         Companies line up IPOs worth Rs 15,000 crore
·         FPIs stay glued to India, bring in $1 bn in April
·         PC Jeweller seeks shareholders nod to raise Rs 427 crore

Business Line
·         Hinduja Group closing in on acquisition in solar energy space
·         BPCL sees growing foreign interest
·         US brewery firm paid Vijay Mallya Rs. 1.7 cr compensation last year
·         Dhanuka pins hopes on second ‘Green Revolution’
·         ITC to resume cigarette production amid health warning row
·         Century Plyboards plans to set up ₹440 cr manufacturing unit in Punjab
·         Yamaha Motor India eyes 10% market share in scooters by Dec
·         Suzlon redeems FCCBs of $ 28.8 million
·         Top-level rejig at Star India
·         Gayatri Projects plans to restructure road assets
·         Indian economy like ‘one-eyed’ king in land of blind: Rajan
·         Providing road, rail connectivity to ports will be our focus’ Gadkari
·         Hybrid wheat on Syngenta’s pipeline for Indian market
·         Petrol price cut by 74 paise, diesel by Rs. 1.30
·         Second phase of odd-even scheme rolls out in Delhi
·         India’s growth spillover unlikely outside South Asia: IMF
·         Govt to cancel approvals to 5 SEZs in West Bengal
·         Spinning industry seeks end to anti-dumping duty on VSF

Mint
·         Faster GDP growth seen this fiscal
·         Government reforms, favourable monsoon forecast can push economic growth rate to 7.75%, says economic affairs secretary Shaktikanta Das
·         Sandal-hit VW global sales off 0.2% in March
·         100% FDI in e-commerce not a good idea: Poll
·         TCS to appeal against verdict in intellectual property rights
·         Japan auto, electronics manufacturing face disruption due to quake damage
·         Essar Oil plans to open 400 petrol pumps in the UK in three years
·         I have 100% backing of the Infosys board, says Vishal Sikka
·         Mutual fund T Rowe Price cuts its Flipkart stake value by 15%

Business Standard
·         Mallya's group denies he diverted loan money to buy property abroad
·         CIL focuses on volume growth, pithead stocks concern remains
·         Coal supply via MoUs to continue till Jun 30
·         SRK's Fan collects Rs 19 crore on opening day
·         The Jungle Book earns Rs 82 crore in first week
·         Nalco sets higher bauxite, alumina output targets for FY17
·         Jaitley seeks reform in IMF, World Bank
·         NITI Aayog takes steps to foster cooperative federalism
·         NTPC's captive mining in the slow lane
·         Bharat beats India in household consumption, beats slowdown

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