Here is a glimpse of the important Market News from today morning across several business newspapers: –
Economic Times – Business Standard
Ø US household wealth touches record high: Nearly $83 trillion
Ø ITC plans to hike cigarette prices by up to 21%
Ø SBI aims to cut bad debt with huge online property auction
Ø Rs 2L cr revenue likely from 33 coal mines
Ø JSW mulls closing down iron ore mines in Chile
Ø Reliance to shut refinery units for maintenance
Ø ‘5 sick PSUs to be shut, employees to get good VRS’
Ø Retail inflation increases to 5.37% in Feb
Ø India’s industrial activity grows 2.6% in January
Ø R-Infra might sell part of cement biz
Ø Rajya Sabha approves Insurance Bill
Ø Pollution control board probes ‘foul smell’ at Biocon plant
Ø FinMin pitches India ratings upgrade to Fitch
Ø NTPC issues largest ever bonus debentures worth Rs 10K cr
Business Line – Mint
Ø NTPC mulls borrowing big for backward integration
Ø Adlabs lowers IPO price band, extends issue closure date to March 17
Ø FMC-SEBI merger may help MCX hold up to 15% stake in MCX-SX
Ø NSE wants brokers to keep a tab on client accounts
Ø Bearish trend likely in crude oil; natural gas poised to rise
Ø Holcim, Lafarge said to discuss changing terms for cement merger
Ø Cairn India distances itself from Cairn Energy tax dispute
Ø Govt says coal output to touch 700 mln tonnes next fiscal
Ø Rubber import duty likely to be raised to 25%: govt
Ø Natco Pharma gets nod to sell Hepatitis C medicine in India
Ø Brent oil gains for second day; WTI falls on rising US supply
Financial Express – Financial Chronicle
Ø Japan’s Sumitomo Mitsui Trust Bank buys Rel Capital stake
Ø Investors take refuge in pharma, FMCG as markets take a beating
Ø Inox Wind plans to raise Rs 700 cr, sets IPO price band at Rs 315-325
Ø Ease of Doing Business: Only 3 documents needed for imports, exports
Ø Steel firms see little help from fall in iron ore price
Ø India among top 20 realty investment destinations in world
Ø NSEL: ED attaches Rs 278 cr oil factory in Gujarat
Ø India Inc announces deals worth
