India : Business News Headlines – 19 Jul 2016
Tue Jul 19 2016
Rajesh Sharma (2003 articles)

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

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

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.