1. Petrol price hiked after 19 days:
Ending the 19 days freeze on the hike in petrol and
diesel prices, the oil marketing companies on Monday May 14, 2018 increased the
petrol price by 17 paisa a liter while the diesel price was hiked by 21 paisa.
2. Fortis board went against Financial Advisers on Munjal-Burman bid:
The much wooed Fortis Healthcare may have selected a
suitor at last. The recent selection of the winning bid did not get the nod of
FHL’s independent directors and as a result the fissure in the boardroom has
widened further.
3. WPI inflation shoots to 3.18% in April on costlier fuel:
Inflation based on whole sale price index spiked to
3.18% per cent in April on increasing prices of petrol and diesel as well as
fruits and vegetables. The whole sale price index stood at 2.47 per cent in
March and 3.85 per cent in April last year.
4. Walmart may launch IPO for Flipkart:
Walmart Inc said on Saturday in a filing with a U.S.
regulator that it may take India’s Flipkart public in as early as four years, detailing
for the first time a potential listing time line for Walmart’s largest ever
acquisition.
5. Finance Ministry mulling innovative ways to deal with banks’ NPA provision:
The FM is examining a proposal to find innovative ways
for dealing with burden of NPA provisions by issuing provision Shore-up
certificates to banks.
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