Market news as on February 17, 2016

Business Standard
Ø  Supreme Court cracks the whip on bank NPAs, air routes
Ø  Iran invites India to invest in projects worth $8 bn
Ø  Gas cos oppose move to end monopoly rights
Ø  FDI inflows in the country improving: Sitharaman
Ø  Don't take back spectrum if cap changes: Trai
Ø  Tax collections reach 72% at Rs 5.74 lakh crore
Ø  Notice to Vodafone part of routine process: CBDT

Ø  Tata Motors & Bharat Forge tie up for $11-bn defence bid
Ø  Bank of Japan says negative rates would apply for $201 bn of reserves
Ø  PF interest revised upwards to 8.8% from existing 8.75%
Ø  RBI, SEBs to file AIR on remittances, power consumption
Ø  Egypt seeks to sign double taxation avoidance pact with India
Ø  HCL Tech wins $2.8 bn deal from Volvo, largest IT outsourcing deal in recent times
Business Line
Ø   COAI wants DoT to retain 'block' size at 20 MHz
Ø  Sensex to include firms only from ‘BSE 100’ from June
Ø  Small savings rates cut by 0.25 per cent
Ø  I-T dept using technology to eliminate malpractices: Jaitley
Ø  PNB declares United Breweries Holdings as ‘wilful defaulter’
Ø  Punj Lloyd wins orders worth Rs. 2,070 cr in Oman 
Mint
Ø  Saudi Arabia, Russia agree to an oil output freeze
Ø  FTIL moves Bombay high court against merger order
Ø  Govt to tender solar power projects worth 4,431MW in February-March
Ø  Amazon to buy Emvantage Payments
Ø  Bharti Airtel revamps Africa operations
Ø  Sebi in talks with govt for tighter collective investment norms
Financial Express               
Ø  Sensex ends 362 pts down, Nifty50 settles below 7,050
Ø  Govt mulls hiking FDI cap in public sector banks to 49%
Ø  FPIs sell $367 million of Indian debt over last five sessions
Ø  Unmasking defaulters: Forcing RBI to give court defaulter names a good step
Ø  Banking stocks fall on rising NPA concerns

Financial Chronicle
Ø  M&As off to a slow start, deal tally slumps 50% over 2015
Ø  SBI's profits may take further hit in Q4: Bhattacharya
Ø  Govt to open 25 defence projects for private sector
Ø  MFs add nearly 6 lakh folios in January
Ø  Government to meet fiscal deficit targets: Citi
Ø  Poland to set up 2.7 MTPA coking coal plant in India