CA NeWs Beta*: DAILY MARKET NEWS 9/5/19

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Wednesday, May 8, 2019

DAILY MARKET NEWS 9/5/19

*Economic Times*

*Business Standard*

Ø  US to raise duty on $200 bln worth Of Chinese imports
Ø  RBI allows banks to treat IL&FS expsoure as NPAs
Ø  India to add 11.5L jobs in first half of FY20: Report

Ø  RBI warns of more fiscal slippages by states
Ø  Saudi Aramco offers to increase oil supply to India
Ø  Stability will return to telecom mkt by Q4 FY20: COAI
Ø  India's domestic passenger market falls to 3.1% in March, says IATA
Ø  Four-fold rise in total solar capacity but rooftop meets just 10% of target
Ø  Lenders set to realise Rs 80,000 cr from insolvency process in FY20: Icra
Ø  Sebi allows foreign portfolio investors to invest in municipal bonds
Ø  Lupin gets govt nod for more time to complete project in Indore SEZ

*Business Line*
*Mint*

Ø  Vodafone’s merger with TPG Telecom blocked by Australian regulators
Ø  Home buyers have no say in choice of GST rate: FinMin
Ø  Titan Q4 net up 14% at Rs 348 cr
Ø  McLeod Russel’s short-term rating downgraded
Ø  Brigade Enterprises posts ₹72-cr profit
Ø  Zee Entertainment set to announce Q4 results on May 27
Ø  RBI withdraws circular that asked banks to disclose IL&FS exposure, provisions
Ø  CCI approves General Atlantic's 6.5% stake buy in PNB Housing Finance
Ø  SC seeks Centre's reply on Essar Power plea to surrender coal block
Ø  IRCTC draft RHP likely to be filed with Sebi next month
Ø  Tata Communications losses widen to ₹199 cr in Q4 FY19

*Financial Express*
*Deccan Chronicle*

Ø  PNB-scam accused Nirav Modi denied bail by UK court for third time
Ø  IndiGo awaiting approvals to enter China
Ø  Chotia coal block output to reach one MTPA in near term: Vedanta
Ø  Japan’s Softbank to spend $4 billion to hike stake in Yahoo
Ø  China’s investment in US drops 83 per cent amid growing mistrust
Ø  Sensex plummets 487 pts to close below 38,000-mark
Ø  Crude oil futures gain 1.13 pc on firm cues
Ø  Zee stake sale at advanced stage, progressing steadily: Essel Group
Ø  Lupin gets more time from govt to complete project in Indore SEZ

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