India : Business News Headlines – 22 Jul 2016
Fri Jul 22 2016
Rajesh Sharma (2003 articles)

India : Business News Headlines – 22 Jul 2016

Business Standard
Ø  ONGC should merge with a refiner like IOC: Director
Ø  New RBI chief will face stubborn old foe: rural inflation
Ø  Sebi may help in govt’s recap plans for PSU banks
Ø  US warns against devaluation ahead of G20 meet
Ø  Corporate debt demand to swell to $62tn by 2020′
Ø  RBI relaxes rule for Basel III liquidity coverage ratio
Ø  ‘India’s external debt of $474 billion forms 16% of APAC borrowing’
Ø  Greenko closes in on SunEdison India assets
Ø  ITC posts 10% rise in Q1 profit amid sluggish demand conditions
Ø  India link emerges in $3.5-bn forex trading fraud at HSBC
Ø  Sebi to finalise options in commodities today
Ø  Proposal for mandatory Ulip fund investments into G-Secs dropped
Ø  Reliance Jio’s 4G rollout in next three months: CLSA
Ø  OVL raises $1 billion through dollar bonds for Vankor stake buy

Business Line
Ø  ONGC Videsh arm raises $1 b through unsecured notes
Ø  JSW Energy ready for more acquisitions: Jindal
Ø  Hindalco consolidated Q1 net dips 95% to Rs. 44.80 cr
Ø  Gujarat cotton growers sound pink bollworm alert
Ø  CII infra panel urges govt to fast-track Kelkar report proposals
Ø  Transition from rural to urban will be a key challenge: Debroy

Ø  Flipkart, Amazon, Jabong tweak models to fit new FDI rules
Ø  HDFC Bank Q1 profit rises 20.15% to Rs3,238.91 crore on higher income
Ø  Advanced Enzyme IPO subscribed 4.27 times on Day 2
Ø  Cairn India working on merger with Vedanta: Navin Agarwal
Ø  State Bank of Bikaner and Jaipur Q1 loss at Rs221.56 crore

Financial Express
Ø   RBI to monitor banks on customer rights
Ø  Cairn India Q1 net falls 28 per cent on oil price slump
Ø  Silver slips below Rs 46,000, down Rs 1,020/kg on global trend
Ø  Japan preparing $190 billion stimulus, govt spending less than half that: Sources

Financial Chronicle
Ø  HDFC Bank says ‘comfortable’ with higher bad loans in Q1
Ø  L&T Infotech makes weak market debut
Ø  India economic growth to remain solid: Reuters poll
Ø  Ashok Leyland net profit doubles, revenue up 10%
Ø  Little impact of Brexit in long-term: Nasscom

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.