India : Business News Headlines – 27 Jul 2016
Wed Jul 27 2016
Rajesh Sharma (1831 articles)

India : Business News Headlines – 27 Jul 2016

Business Standard
Ø  Tata to deposit $1.17B in DoCoMo case in Delhi HC
Ø  Govt must protect central bank’s independence: Rajan
Ø  Centre, states make headway on key GST issues
Ø  Sugar mills owe Rs 6,582 crore to cane farmers
Ø  Govt should ignore motivated public criticism, says Rajan
Ø  PSBs write off Rs 59,547-crore loan in FY16
Ø  $15 billion VW emissions deal faces critical test
Ø  Shanghai Fosun to buy Gland Pharma for $1.4 bn
Ø  India Inc foreign borrowing down sharply in June at $1.07 bn
Ø  Govt to miss revenue target from telcos: ICRA
Ø  Educomp to sell entire stake in Vidya Mandir Classes
Ø  Dr Reddy’s Q1 net down 80% at Rs 126 crore
Ø  Oil falls towards $44, lowest since May, on glut worries
Ø  Maruti Q1 profit rises 23% to Rs 1,486 cr

Business Line
Ø  CAG picks holes in coal mines auction by NDA govt
Ø  Govt notifies pay panel recommendations
Ø  ‘Freezing of MF accounts’ does not mean ‘impounding’: AMFI
Ø  Domestic airlines carry 21% more passengers in June
Ø  Ultra high networth households rise 7 per cent in FY’16: report
Ø  ACC, Ambuja Q2 net up on better realisations, lower production cost

Ø  Jaiprakash Power lenders to invoke strategic debt revamp
Ø  Jabong may be Flipkart’s best investment yet
Ø  IDFC Bank Q1 profit rises 60% to Rs264.76 crore
Ø  Solar power tariffs expected to fall to as low as Rs3.50 a unit in 3 years
Ø  Alstom T&D gets shareholders’ nod to change company’s name
Ø  Adani Transmission raises Rs500 crore through masala bonds

Financial Express
Ø   Pharma sector receives Rs 4,975-crore FDI in FY16: Govt
Ø  BRICS policy planning dialogue ends on a successful note: MEA
Ø  RBI slaps penalty on UCO Bank, Allahabad Bank, Bank of India
Ø  TCS, Infosys in Forbes ‘Super 50’ list; Tata Motors, HUL dropped
Ø  Tata Steel sales up marginally to 2.15 MT in April-June

Financial Chronicle
Ø  ‘India discovers producible natural gas hydrates’
Ø  Emami eyes 2nd slot in edible oil production by 2018
Ø  Unions protest govt order on unclaimed EPFO funds
Ø  Fed defers any possible increase until September
Ø  ‘Moving to GST regime will be beneficial for economy

Copyright (2016) ©

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.