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News that mattered during the week

News that mattered during the week
Domestic air passenger traffic records 28.03% growth in March: DGCA

Indian government taking corrective measures to lower debt to GDP ratio: IMF

IMF maintains India’s GDP growth forecast at 7.4% for 2018

Government sets national highways project award target at 20,000 km for FY19

RBI, Finance Ministry need to coordinate closely for faster progress: Niti Aayog

India’s exports decline by 0.66% in March; trade deficit widens to $13.69billion

WPI inflation slows to 2.47% in March

TCS announces 1:1 bonus issue along with fourth quarter results

Fortis Healthcare approves evaluation of binding offers; will have advisory panel to assess rival offers.The company also received a new unsolicited offer from Radiant Life Care to buy the hospital business for Rs65 per share.

Thomas Cook says Supreme Court restored order passed by Competition Commission of India imposing penalty of Rs1cr. The board also approved acquisition of 4.44% stake in Travel Corporation (India) for Rs16.69cr

Mahindra forms unit in Bangladesh Mahindra Susten

Infibeam received online marketplace contract from NSDC

Infosys clarified it has not received any anonymous whistleblower complaint

NMDC cut prices of lump ore and fines by Rs100 each to Rs2,900 per tonne and Rs2,560 per tonne with effect from April 18

Sun Pharmaceuticals unit hiked stake in Ranbaxy Malaysia by 4.93%

GE Shipping takes delivery of secondhand very large gas carrier of about 81,617 cbm; company has also committed to purchase one second-hand medium gas carrier

Container Corp to consider stock split on April 30

Jain Irrigation board approved plan to raise Rs260cr loan from World Bank arm

Magma Fincorp raised Rs500cr at a price of Rs155 per share through a QIP Mishra Dhatu Nigam signed two pacts in DefExpo India 2018

Lemon Tree Hotels signed three management contract for a hotel each in Rishikesh, Neelkanth and Mussoorie

Lupin received tentative U.S. FDA approval for generic AndroGel

Indian Hume Pipe Company Ltd received order of Rs108.19cr

AstraZeneca to invest $90million over the next five years in India

Sobha will invest Rs500cr for residential project in GIFT City, Gujarat

Sterlite Technologies board to consider raising funds through issue of securities on April 25

Omkar Specialty Chemicals says Bank of Baroda classified its loan account as NPA

Bajaj Electricals bags orders worth Rs 3,578 crore for rural and urban electrification projects in Uttar Pradesh

Reliance Communications says NCLAT to hear tower sale appeal on tower sale on April 18

BlueStar signs up with Sands International and its partners for distribution of products in Saudi Arabia

Adani Ports signs long term regasification pact with Indian Oil for Dhamra LNG Terminal

HDFC says AMC units FY18 total revenue up 18% (YoY) to Rs1,867cr, net profit up 31%to Rs721cr

Alok Industries says resolution professional seeks liquidation.