India : Business News Headlines – 25 Jul 2016
Business Standard
Ø Modi govt mulls merging 13 state oil companies to create behemoth
Ø IMF flags decelerating pace of reforms in India
Ø G20 vows to use all tools to support global growth
Ø EPFO likely to raise equity investment to 10%
Ø Centre asks states to remove taxes on essential food items
Ø FM Arun Jaitley asks profit making PSUs to consider stock split
Ø GST prospects ambiguous again
Ø Corporate growth revival elusive in Q1
Ø Reforms in India not fast enough, says IMF
Ø Telcos seek clarity on GST on value added services
Ø FPIs pump in $2 bn in July on GST traction, earnings outlook
Ø Cairn India, Vedanta merger sealed with revised terms
Ø Need to restrain controlling mindset: FM Arun Jaitley
Business Line
Ø FIPB to consider 12 foreign investment proposals on Aug 2
Ø Petroleum Minister Pradhan supports merger of CPCL with IOC
Ø Dividend is passé; shareholders now want gold coins and gift vouchers
Ø Expect more acquisitions to happen: Crisil
Ø Call drop: Sinha’s first meeting with operators on Monday
Mint
Ø G20 nations warn of Brexit risk to global growth
Ø Essar Power may sell gas-based plants in Gujarat to pare debt
Ø IOC in talks to buy GSPC’s stake in Mundra LNG terminal
Ø Havells India Q1 profit up 36% to Rs145.58 crore
Ø Karbonn sets up new manufacturing unit in Haryana
Financial Express
Ø Govt should resist ‘urge of control everything’ in a liberalised economy: FM
Ø Boris Johnson claims India owes UK multi-mn pounds
Ø TRAI to evaluate consultation papers for stringent call drop norms
Ø Deptartment of Posts fails to pay tax, CBEC faults officials
Financial Chronicle
Ø CVC widens probe in Rs 580 cr tax evasion by Cadbury
Ø RIL, BP spend Rs 4,500cr to maintain KG-D6 gas output
Ø Rock-bottom rates creates fiscal space for G20: OECD
Ø China can’t bear global economy’s burden: Li
Ø Top seven cos add Rs 27,904 cr in market valuation
