India : Business News Headlines – 25 Jul 2016
Mon Jul 25 2016
Rajesh Sharma (1816 articles)

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

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

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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.