India : Business News Headlines – 21 Jul 2016
Thu Jul 21 2016
Rajesh Sharma (2003 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

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.