India : Business News Headlines – 19 Jul 2016
Business Standard
Ø India at BBB-, stable outlook but fiscal weak: Fitch
Ø Rajan warns against rupee depreciation
Ø 88% Republicans support Trump against Clinton: Pew
Ø Govt to double generation target from solar parks
Ø US weapon system may add to global warming: India
Ø Kerala passes resolution against SBT-SBI merger
Ø HUL to invest Rs 1K-cr on new unit in Assam
Ø HUL gains across the board, Q1 grows 9.79% to Rs 1,174 cr
Ø Government prepares to woo World Bank
Ø Oil PSUs to pay royalty on gross price to producing states
Ø Sebi issues draft paper on REIT to attract investors, realtors
Ø JSW Energy to acquire Jaiprakash’s Bina power plant
Ø Life insurance industry logs 33% growth in first quarter
Ø NGT blocks 10-year-old diesel vehicles in Delhi
Business Line
Ø KIOCL renews plea for captive iron ore mines
Ø Key supports to limit the downside in MCX-gold
Ø ‘GST has to be flexible to embrace new businesses’
Ø Index of Mineral Production grows 1.3% in May
Ø Piaggio to expand scooter portfolio in India with Aprilia
Ø SoftBank to buy ARM Holdings for $32 bn
Mint
Ø Bank unions threaten strike on 29 July seeking to stop reforms
Ø ICICI Prudential Life files DRHP for India’s first insurance IPO
Ø Sun Pharma partners SPARC to market epilepsy drug in US
Ø Rupee closes weaker against US dollar at 67.20, bond yield rises
Ø Tata Steel’s Cyrus Mistry seeks global supply side recast
Ø Bank of America profits fall 20%, hurt by low rates
Financial Express
Ø Textile exports may rise 6% to USD 40 bn in FY17: ICRA
Ø Tata Steel plans to raise up to Rs 10,000 crore via private placement
Ø RBI to make funds transfer via smartphones easier
Ø No proposal to hike EPFO investment in ETFs: Bandaru Dattatreya
Financial Chronicle
Ø Financial inclusion must for sustainable growth: Rajan
Ø Draghi to ask govts to chip in to counter Brexit fallout
Ø India Inc’s biz optimism for Jul-Sep touches 8-qtr high
Ø Coal imports likely to decline to 160mt in FY’17
Ø Solar heaters lag behind in renewable energy push
