Morning News Headlines
The Economic Times
● Fortis signs agreement to acquire assets of RHT Health
● Led by PSBs, NPAs soar 34.5% in Q3: Report
● Hartek Power surpasses 1-gw installed solar capacity
● Banks may take Rs 30,500-cr hit on rising bond yields
● 5 dead, 15 injured in explosion on ONGC ship under repair at Cochin Shipyard
Mint
● RBI yanks the fig leaf off with new bad loan rules for banks
● Fortis Healthcare seeks 15-day extension to declare Q2, Q3 results
● Max Life emerges as front runner to buy IDBI Federal Life
● HC upholds Delhi airport order on IndiGo, SpiceJet to shift from T-1 to T-2
● Inflation peaking off, RBI may cut rates by 25 bps in August: BofAML
The Business Standard
● ArcelorMittal, Numetal Mauritius only bidders for bankrupt Essar Steel
● Sebi begins probing Fortis Healthcare over fund diversion claims
● Sebi passes interim order in Ricoh India accounting fraud case
● Merger of three PSU general insurers likely before next fiscal-end
● States may lose Rs 120 bn in share of central taxes over road & infra cess
The Hindu Business Line
● RBI overhauls stressed asset framework, gives 180 days for NPA resolution
● Aster DM Health IPO subscribed 26% on first day of the issue
● SGX shares fall 9% after Indian bourses rein in offshore trading
● Sebi revamps Secondary Market Advisory Committee to improve market safety
● Snapping ties with foreign exchanges will have some repercussions: BSE CEO
Sources : Economics Times, Mint, The Business Standard & The Hindu Business Lines.
More Will Update Soon!!!!
