India : Business News Headlines – 21 Jul 2016
Thu Jul 21 2016
Rajesh Sharma (1816 articles)

India : Business News Headlines – 21 Jul 2016

Business Standard

Ø  Wipro buys back shares over 1K cr from Premji’s trusts
Ø  Global investors bet big on India’s realty market
Ø  Indian banks will need $90 billion capital by 2019: Fitch
Ø  Difficult to assess the impact of ‘Brexit’ on India: Govt
Ø  British govt fund CDC to invest Rs 1Kcr in IIFL Fin
Ø  FDI surges after ‘Make in India’, up 46% at $62 billion
Ø  ‘Realty to be $180 bn industry in India by 2020’
Ø  Tata Steel aims to double Indian workforce’s productivity
Ø  Bank recapitalisation stares at Sebi hurdles
Ø  Govt infusion in banks still short, say Icra & Fitch
Ø  US seeks $1 bn in 1MDB-tied assets, ‘Wolf of Wall Street’ royalties
Ø  3 Indian firms get USFDA nod for high-value generic drug
Ø  Centre asks states to lower stamp duty for affordable housing
Ø  No immediate HC relief for Jignesh Shah’s company
Ø  Morgan Stanley beats expectations on bond trading & cost cuts

Business Line

Ø  Coal linkage auction for power sector referred to GoM
Ø  De-register all diesel vehicles more than 15 years old first: NGT
Ø  L&T Infotech to list on bourses on Thursday
Ø  Finance Ministry rejects EPFO proposal for workers’ bank
Ø  S&P takes HDFC Bank’s three bond sales off negative watch list
Ø  Power generation from hydro plants dips in the first quarter


Ø  SBI, Brookfield to launch stressed asset management fund
Ø  DLF, Blackstone realign shareholding deal
Ø  Myntra to buy Hrithik Roshan’s HRX fashion brand
Ø  Adani Enterprises to raise up to Rs6,000 crore via securities
Ø  Airtel, Vodafone attract most complaints on service quality
Ø  Rupee closes weaker against US dollar at 67.20

Financial Express
Ø   Sensex closes 128 points up, Nifty settles above 8,560
Ø  New civil aviation policy could spur demand for planes: Boeing
Ø  Cabinet clears 3-year, 30% sourcing exemption in retail; paves way for Apple stores
Ø  Mondelez in talks to buy Cadbury biscuits license from Burton’s-Sky News
Ø  Ambuja’s proposal to acquire stake in Holcim approved

Financial Chronicle
Ø  GST a game changing indirect tax reform: Nomura
Ø  Monsanto rejects Bayer’s sweetened offer, open to talks
Ø  Cloud business boosts Microsoft’s quarterly revenue
Ø  Irdai bans Happy from TPA business
Ø  NTPC targets to spend Rs 30,000 cr in expansion
Ø  Ricoh promoters offer to infuse capital to cover loss

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.