India : Business News Headlines – 20 Jul 2016
Wed Jul 20 2016
Rajesh Sharma (1819 articles)

India : Business News Headlines – 20 Jul 2016

Business Standard
Ø IMF trims India growth estimate to 7.4%
Ø RIL to pump in Rs 15,000 crore in Jio through rights issue
Ø Global warming to cost $2 trillion in lost productivity
Ø 8,100 wilful defaulters owe banks Rs 76,600 cr
Ø DoT sends demand notices to Airtel, RCom, others
Ø Govt, RBI monitoring Brexit fallout, taking steps
Ø Cash collateral not required while placing bids for SGB: BSE
Ø Govt to infuse Rs 229.15 billion in public sector banks
Ø Mumbai police secures FTIL assets worth Rs 2,000 cr
Ø Wipro’s weak margins, guidance disappoint
Ø Govt to relax Companies Act provisions for Gift IFSC
Ø 10% rise in electricity generation may boost power sector earnings
Ø Wipro calls off agreement to acquire Viteos Group

Business Line
Ø Afghan deputy agri minister woos Indian investors
Ø India’s air traffic growth remains highest in world: Boeing
Ø Jewellery industry to grow by 3% this year: ICRA
Ø Fitch maintains ‘stable’ outlook for Adani Ports
Ø India, US agree to enhance cooperation on hydrocarbons, energy

Ø Ultratech Cement Q1 profit rises 29% to Rs780 crore
Ø Tata still India’s most valuable brand
Ø Nowfloats acquires Lookup in a cash-equity deal
Ø Jaiprakash Power reports higher-than-expected Q1 net loss
Ø Airlines cry foul over last-minute fare drops triggered by Air India

Financial Express
Ø Govt detects nearly Rs 44K crore in undisclosed income
Ø RBS to close 6 of 10 branches from Oct 1
Ø India imports over 7 lakh tonnes of pulses in April-May
Ø No possibility to use bio-diesel in vehicles: Mercedes
Ø Air India, SpiceJet, Jet top in reputation rankings

Financial Chronicle
Ø Japan’s SoftBank plunges after $32b ARM buy
Ø UK court begins hearing Brexit legality case
Ø India Inc M&A deals up 12% in first half of 2016
Ø Monsanto in talks with Bayer over confidentiality pact
Ø Insurance to cover Ayush treatments
Ø Oil prices down as Turkey fears ease, glut woes return

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.