India : Business News Headlines – 25 Jul 2016
Mon Jul 25 2016
Rajesh Sharma (2003 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

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.