India : Business News Headlines – 20 Jul 2016
Wed Jul 20 2016
Rajesh Sharma (2003 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

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.