News Headlines 28th May 2018

1. Board of Kanco Tea & Industries appoints compliance officer
2. Angel investors in start-ups get I-T exemption, effective April 11
3. Working with Indian fintech companies on blockchain: Intel India head
4. TVS Motors to assemble vehicles in Bangladesh, ties up with state-owned co
5. GM hits China's market with cheap Baojun cars to meet mass demand
6. Lenovo makes waves in gaming market with flashy rigs, snazzy LED lighting
7. Poor tourist traffic forces Apple to shut Atlantic city store, lay off 52
8. Divi's Labs Q4 net profit up 0.89% at Rs 2.61 bn; total revenue Rs 11.36 bn
9. How Virat Kohli got the WROGN right for Sachin Tendulkar's business
10. After Facebook, Microsoft is building tool to spot bias in AI algorithms
11. 4 yrs of Modi govt: Real estate revived with RERA, Housing for All schemes
12. Kishore Biyani's Future Group wants to become a one-stop shop
13. Toyota's Indian arm to make cars developed by Suzuki in the country
14. Videocon loan case: Sebi sends notice to ICICI Bank, Chanda Kochhar
15. Essar Steel insolvency: Lenders move NCLAT for early hearing of case
16. Sun Pharma expects double digit sales growth in FY19
17. IHH extends validity of its 'Enhanced Revised offer' for Fortis till Jun 30
18. Tech Mahindra Q4 net profit doubles to Rs 12.22 billion, beats estimates
19. IHH Healthcare extends validity of revised offer for Fortis to June 30
20. BEML posts marginal rise in Q4 net profit despite slide in revenue
21. Mother Dairy plans milk unit, distribution centre in Odisha for Rs 1.75 bn
22. Sebi serves notice on ICICI Bank CEO Chanda Kochhar in Videocon loan case
23. Market regulatory Sebi has served a notice on ICICI Bank CEO and MD Chanda Kochhar on dealings of the bank with Videocon Group and Nupower, an entity in which her husband Deepak Kochhar has economic interests, the private sector lender said today.
24. Real estate firm employs in-house model to develop flats at Rs 900,000
25. L&T Construction- Marubeni JV bags Rs 31.9 bn order for Dhaka Metro
26. Larsen & Toubro (L&T) today said L&T Construction has bagged a Rs 3,191 crore order from Dhaka Mass Transit Company for construction of a railway line for Dhaka Metro.
27. L&T, Reliance bidders for Yogi's flagship Rs 182 bn Purvanchal Expressway
28. C Sivasankaran: A maverick prone to courting controversy and the CBI
29. What Facebook co-founder Eduardo Saverin looks for in an entrepreneur
30. This Gurugram-based start-up brings cashless remote diagnosis to villages
31. EV cab service provider Lithium to raise $8 mn from IFC for expansion
32. Chai Point raises $20 mn in fresh funding from Paragon Partners, others
33. Used cars, quick loans, online courses: Startups that are leading AI race
34. Flipkart woos sellers with more initiatives to take on Amazon
35. Sunanda Pushkar death: Special designated court to hear the case today
36. 371 Indians are on death row; only 4 have been executed in 13 years
37. Terrorists ignore Ramzan ceasefire, attack J&K Army camp and kill jawan
38. Top FMCG firms, BCCI to take pledge to cut carbon footprint, plastic use
39. News digest: FPIs to sell Indian stocks, Maruti's small car sales, and more
40. Iran FM to meet Sushma today; may seek India's support to salvage N-deal
41. NTPC's 490-Mw Dadri plant synchronised; to increase production from today
42. NTPC Dadri today synchronised the 490 MW unit, bringing an additional 300 MW to the power grid.
43. Monsoon to hit Kerala coast in the next 48-72 hours: Met department
44. Political parties out of purview of RTI: Election Commission
45. PNB scam: ED to seek immediate confiscation of Nirav Modi's Rs 70-bn assets
46. Modi is a campaign PM, BJP govt in 2019 a distant dream: Chandrababu Naidu
47. Petrol price surge continues for 14th day, crosses Rs 78 mark in Delhi
48. Delhi metro: These 10 stations are to be renamed after freedom fighters
49. Thoothukudi: Section 144 lifted; normalcy returns amid air of uneasiness
50. Why seat-sharing for 2019 Lok Sabha polls in UP could be an uphill task
51. PM Modi inaugurates Eastern Peripheral Expressway; praises Yogi govt
52. Ex-ISI chief reveals why Pakistan does not want to act against Hafiz Saeed
53. Indo-Pak Cross-border shelling: 5,500 bunkers to be built along LoC
54. PM pays tribute to Nehru, Savarkar in Mann Ki Baat's monthly edition today
55. Kairana bypoll: A dress rehearsal for a united opposition taking on PM Modi
56. Charging less than Rs 10/km, Indian airlines among world's cheapest five
57. Modi wants to enforce supremacy; not an advocate of peace talks: Musharraf
58. Living in denial: How society ignores the sexual abuse of young boys
59. Women are now active agents of change
60. Sterlite protest: Violence-affected Thoothukudi limps back to normalcy
61. News digest: Modi's report card, IPL 2018 final, data protection, and more
62. Modi in Odisha: We achieved more in 4 years than UPA did in 47, says PM
63. Four years of NDA govt: It's Modi vs anarchist combination, says Jaitley
64. AstraZeneca's drug extending survival rate in lung cancer patients
65. Addicted to tobacco? Here's how Facebook could help you quit smoking
66. Regular leg exercise essential for a healthy brain, say researchers
67. Two critical procedures that can reduce sudden cardiac arrest deaths
68. Why India has become deadliest country in the world for forest rangers
69. Modi in Odisha: 4 years of NDA sent shivers down spine of corrupt, says PM
70. Gangster Abu Salem convicted in 2002 extortion case; sentencing on May 30
71. It'll be Modi's corruption hatao vs Opposition's Modi hatao in 2019: Shah
72. Four years of Modi govt: Anna Hazare reminds PM of 'unkept promises
73. The story of India's failure to drill its own oil in 9 charts
74. RBI policy: Why a hike in rates to tame the oil shock would be a mistake
75. India's correlation with global markets goes down; reaches nearly 10-yr low
76. Índia Inc's days of cheap dollar loans may be over as lenders get selective
77. Indian motor fuel prices fourth highest among top 10 crude oil nations
78. Provided jobs opportunities to over 1.4 million in 4 years, says KVIC
79. After 11 months of inception, SEZ Rules yet not aligned with GST laws
80. Statsguru: Indian ranks 44th in World Competitiveness Ranking 2018
81. I-T department bars CAs from valuing shares of closely held firms
82. Govt to form new electronics policy to build on the momentum: IT Minister
83. Wheat procurement: UP govt files 50 FIRs in a move to clamp down middlemen
84. IT dept 'writes off' huge arrears of corporate defaulters: RTI data
85. India's gross defence budget expected to reach $112 bn by FY27: Report
86. Finance Ministry plans to build a fund under NIIF for strategic investments
87. Employers to save 9 bn annually as EPFO cuts administrative charges to 0.5%
88. India's coal import down by 9% in April on back of ample supply of dry fuel
89. India to have 243 mn excess workers by 2030; China to face shortage: Report
90. Oil producers to push reset button? Russia hints at effort to rein in crude
91. Goods exporters body seeks parity between domestic, export steel price
92. Petrol prices rise for 13th day on the trot, hit almost Rs 78 in Delhi
93. All 7 ITR forms released for e-filing, salaried to provide pay break-up
94. Pakistan seeks economic lifeline with fresh China loans up to $2 bn
95. PM Modi to inaugurate Rs 110-bn Eastern Peripheral Expressway today
96. Power capacity addition slowest in FY18, renewables contribute 69%
97. Farmers harp on religious import, urge PM Modi to make betel national leaf
98. Railways plans to hike coal supply to power firms as inventories plunge
99. Korean firm may be roped in to put FASTags project in fast lane
100. IBC not being used to full extent; lenders need to do more: IBBI chief
101. Hint of coal shortage as Centre's supplies start favouring govt power units
102. Saudi Arabia, Russia plan to raise oil production by 1 mn barrels/day
103. Country's industrial output to expand 5-6% in FY19: CARE Ratings Report
104. Petrol up by Rs 3 since Karnataka poll, but govt may have found a solution
105. Sushil Chandra gets one-year extension till May 2019 as CBDT chairman
106. Trump effect? Future of 60,000 spouses of Indian H-1B visa holders at stake
107. No-frills a/c holders pay heavy penalty for exceeding withdrawal limit
108. Urjit Patel to brief parliamentary panel on mounting NPAs, banking frauds
109. Amid economic slowdown, world's most profitable banks can be found in India
110. Lakshmi Vilas Bank posts Rs 6 billion loss in Q4 as as NPA provisions zoom
111. Punjab National Bank's FY19 plans fail to convince finance ministry
112. While downgrading PNB's rating, Moody's Investors Service said the bank would need ~120-130 billion in 
113. IDBI Bank Loss widens to Rs 56.6 billion as NPAs touch 28%
114. Microfinance institutions' equity investments see 40% surge
115. BoB bleeds as bad loan provision rises, posts a whopping Rs 31-bn loss
116. Bank of Baroda posts Rs 31.02 bn loss for Jan-Mar as bad loans surge
117. IDBI Bank Q4 net loss widens to Rs 56.63 bn on rise in provisions
118. Karur Vysya Bank Q4 net falls by 77% to Rs 505.6 mn, gross NPA rises 7%
119. ICICI Bank's digital push: sets up innovation lab, enters fintech tie-ups
120. City Union Bank posts 18% rise in net profit for Q4 at Rs 1.52 billion
121. Fitch assert IDBI Bank ratings on expectation of better core capital levels
122. HSBC black money list: ED order based on conjectures, says Burman
123. SBI stock surges 3.7% on hopes that worst on NPAs is behind
124. State Bank of India posts record loss of Rs 77 bn in Q4; stock rises 3.7%
125. State Bank of India set to sell stake in insurance arm soon
126. SBI Q4 loss widens to Rs 77.18 billion as higher NPAs worsen asset quality
127. Nirav Modi scam: PNB Ex-MD knew it all, could have averted Rs 130-bn fraud
128. Cibil says banks missing out on credit-worthy consumers
129. PNB eyes capital infusion from govt, non-core asset sale for turnaround
130. PNB scam: Ex-MD & CEO was aware of fraud but kept misleading RBI, says CBI
131. Moody's downgrades PNB's rating due to Rs 144 bn-Nirav Modi fraud
132. Bhushan Steel resolution effect: PNB sees Rs 7.35 bn boost in profits
133. CBI may seek red corner notice from Interpol against Nirav Modi, Choksi
134. Wilful defaults by PNB's big borrowers slip further to Rs 152 bn by Apr-end
135. PNB refuses to disclose details of Nirav Modi scam as it may hamper probe