India : Business News Headlines – 19 Jul 2016
Tue Jul 19 2016
Rajesh Sharma (1819 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

Copyright (2016) ©

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.