• Bharti
Airtel’s low-cost strategy unsustainable: BMI Research (FE)
• Wipro Ltd. on Wednesday announced
appointing Paypal Holdings executive Patrick Dupuis as an independent director
from April 1. (IANS)
• Hindustan
Zinc's 1,200% dividend (Rs24/share) is
the highest ever by a private co (ET)
• Jain Irrigation Systems Ltd's food
processing arm has raised Rs 402 crore from Mandala Capital for growth of the
company. (PTI)
• UTI Asset Management Co. Ltd, has
proposed an IPO plan to the government to provide an exit to its four state-run
sponsors—SBI, LIC, BoB and PNB (Mint)
• Vijay Mallya told Wednesday that he
would pay Rs4000cr by September as settlement for a default on loans to banks.
Bankers were unhappy with the proposal. (BS)
• ICRA expects auto-component
industry to gain momentum and register growth of 8%-10% in next fiscal
(FY2017e). M&HCV demand is likely to stay robust but slow down to 13-15%
given the increased base of FY2016
• Government is likely to cut natural
gas prices by 17 per cent from Friday to USD 3.15 per million British thermal
unit from current USD 3.82. (PTI)
• Domestic media and entertainment
(M&E) sector would touch $100 billion in the next decade: Mukesh Ambani
(BS)
• Indian
media industry likely to touch Rs2.26 trillion by 2020: KPMG-Ficci Report
(Mint)
• RBI eases
ECB norms for infrastructure sector with a minimum maturity of 5yrs (Mint)
• The government on Wednesday
extended the safeguard duty on steel imports till March 2018 (BS)
• Fertiliser demand is expected to be
subdued during the first half of 2016-17 but low energy prices will help in
aiding profitability of urea industry: ICRA (PTI)
• India’s GDP will decelerate
marginally to 7.4% in FY17 from 7.6% in FY16, mainly due to a slowdown in
public investment, stressed corporate balance sheets and declining exports, ADB
said in a new report on Wednesday. (FE)
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