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Daily Update 29-May-2017

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Daily Update 29-May-2017

Economic Times
• Beleaguered RCom in danger of getting NPA status
• Transfer of pharma IP assets abroad under RBI lens
• Brookfield Asset Management in talks to buy towers of Idea, Vodafone
• Fashion retail picks up pace again as e-commerce sites cut discounts
• Migration to 5G will be challenging for India: Experts

Business Standard
• Flipkart's Snapdeal muscle will help it fight Amazon - Flipkart would have an additional $60-80 million in its coffers, say sources
• Airlines collected UK airport tax despite exemption, claim travel agents
• CBSE Class 12 pass percentage dips, girls continue to outperform boys
• IOC seeks 2,700 acres to expand Paradip petrochem project
• Bankers value Taj Mansingh at Rs 1,000 crore - But bids for the luxury property may go up to Rs 3,000 cr, say experts
• IPO mart revs up in 3 yrs of Modi govt, garners Rs 45,000 cr
Mint
• ICAI steps in to check if bad loans are being misreported - Accounting body to look into divergence in NPA estimates by lenders and regulator
• RIL eyes 10% market share in fuel retailing
• Regulator examining NSE directors’ role in algo trading probe
• Over 151 people dead in Sri Lanka floods
• Helion Venture’s Rahul Chandra to raise $100-million early-stage fund
• TCNS Clothing may file for IPO this year
• 15 firms in fray to set up cement units near NTPC’s power plants
• Govt said to have appointed i-banks for Mazagon Dock Shipbuilders IPO
• India’s tax laws second most complex in Asia Pacific: Deloitte
• India not keen to put e-commerce under FTA with Russia-led group - India has so far rejected bids to include market access negotiations on e-commerce at multilateral level.
Startup World
• OYO plans to hire 5,000 people in eight months
• Snap acquires drone startup: Report
• On-demand food startup Sprig shut down .
Kind Regards,
Ujjwal Thakur
Team Webecreator
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