Morning News Headlines
The Economic Times
● US January CPI posts largest gain in a year
● PNB reports $1.8-bn fraud, new can of worms opens
● New NPA framework won't cut Axis Bank too deep: MD
● Piramal Fin eyes Rs 3,000-cr affordable housing deals
● TVS NTORQ 125 scooter launched in Bengaluru
Mint
● No GST on food served by hospitals to in-patients
● Sebi plans crack down on cos that cook their books
● Another 2-3 qtrs for bank NPA cycle to peak: Edelweiss
● Idea board approves Rs 3,500 crore QIP issue
● Jet Airways Q3 profit slumps 46% to Rs 165 crore
The business Standard
● Aster DM IPO sees 45% subscription on second day of share sale
● Nestle India Q4 profit jumps 60% to Rs312 crore on volume growth
● Nirav Modi seen behind the massive Rs11,400 crore PNB fraud
● LTCG tax will not impact NPS, says PFRDA chairman
● Sun Pharma Q3 profit slides 75% to Rs365 crore on weak US sales
The Hindu Business Line
● Allahabad Bank reports Q3 loss of Rs1,264 crore as bad loans rise
● GMR Infrastructure Q3 loss at Rs566 crore
● Tata Power Q3 profit declines at Rs612 crore, beats estimate
● Bharti Airtel’s holding company for Africa explores IPO
● Sunteck Realty set to acquire Orbit-owned building in Mumbai’s Malabar Hills.
Sources : Economics Times, Mint, The Business Standard & The Hindu Business Lines.
More Will Update Soon!!!!
