Market buzz on May 27, 2016

Business Standard
Ø  India's growth to rise to 8% in FY2019: Fitch
Ø  FPIs' holding in BSE-200 cos drops to $291 billion
Ø  Jaitley keeps options open on extension of Rajan's term
Ø  Jet Airways posts first annual profit after 8 years
Ø  Exporters can be put on caution list on ED, CBI action: RBI
Ø  Oil to cross $70 within next 12 months: Geosphere
Ø  Torrent Pharma in talks to buy Glochem for Rs 300 cr

Ø  ONGC Q4 net rises 12% to Rs 4,416 cr
Ø  Investor wealth surges by over Rs 2.69 lakh cr in 3 days
Ø  Rains might make delayed entry and a splash thereafter
Ø  India could lose $49 billion in GDP by food price shock: UN
Ø  FinMin, RBI form committee to boost cashless transaction
Ø  India's bankruptcy law positive for banks: Moody's
Ø  BPCL net profit falls 10.6%
Business Line
Ø  Bread manufacturers to voluntarily withdraw use of potassium bromate as food additive
Ø  Gujarat rolls back 5% VAT on industrial salt
Ø  Cotton body pegs output lower at 341 lakh bales on crop damage
Ø Godrej's Rs. 200-cr capacity expansion to focus on premium products
Ø  'New bankruptcy code is credit positive for banks, but challenges remain'
Mint
Ø  Raghuram Rajan warns of China slowdown threat to global economy
Ø  Snapchat raises $1.81 billion in new funding round
Ø  Karnataka clears investment proposals of Biocon, PepsiCo and Manyata Promoters
Ø  Zomato scales back operations in overseas markets
Ø  Patanjali rapped for false and misleading advertisements
Ø  India Cements March quarter profit rises 40% to Rs51.21 crore
Financial Express             
Ø  Stock markets at 2016 closing high, Sensex ends 485 points up, Nifty settles at 8,070
Ø  Govt approves over Rs 5,530 cr for infra boost in 111 cities
Ø  Labour reforms not essential for industrial growth: Jaitley
Ø  SIDBI profit declines by 17 percent to Rs 1,177 cr in FY'16
Ø  Nirmala Sitharaman exhorts Bahrain to ramp up investments in India

Financial Chronicle
Ø  Pranab lists 8 steps to resolve issues between India, China
Ø  Good policy essential to India's stability: Rajan
Ø  Sebi bans wilful defaulters from markets
Ø  Fortis board to consider SRL demerger; Q4 loss at Rs 91 cr
Ø  'India's installed solar capacity reached 6gw in six yrs'