India : Business News Headlines – 28 Jul 2016
Business Standard
Ø Cabinet approves amendments to GST bill, removes 1% addl tax
Ø SBI to refinance Rs 28,000cr in RCOM-Aircel merger
Ø Wall Street ends lower after Fed keeps rates unchanged
Ø RBI slaps penalty on 13 banks for FEMA violations
Ø SBI kick-starts merger ops, appoints external parties
Ø Govt drops plan for Rs 17.5k crore funds for telecom R&D
Ø RPG Life Sciences to acquire Sun Pharma’s brands
Ø SBI-Macquire in talks to buy Moser Baer’s power assets
Ø Trade advisory issued against Chinese firms
Ø Govt plans greater role in RBI’s debt market operations
Ø Shinzo Abe’s $265 bn stimulus plan puts pressure on BOJ to ease
Ø Lok Sabha passes Benami Transactions Amendment Bill
Ø Sahara spurns $1.3 bn new offer for overseas hotels
Ø Bharti Airtel reports 30% less profit at Rs 1,462 cr in Q1
Ø JSW Steel reports highest ever quarterly PAT at Rs 1,109 crore
Ø Analog Devices to buy chipmaker peer Linear for $14.8 bn
Business Line
Ø India orders four maritime spy planes from Boeing for $1 bn
Ø YES Bank gets SEBI nod for sponsoring mutual fund
Ø Stalled infra projects cause cost overrun of ₹1.6-lakh cr
Ø Dr Reddy’s pins hopes on new molecules to invigorate profits
Ø MRPL board to consider raising public holding to 25%
Ø Apple’s plan to open retail stores in India on track
Mint
Ø China’s Fosun to buy Gland Pharma for $1.3 billion
Ø RBI’s forex war chest gears up for uncertainty
Ø Maharashtra govt orders CAG audit of Tata Power, Rel Infra
Ø Bajaj Auto Q1 profit rises 2% to Rs978 crore
Ø RBI asked SBI to rein in CSR spending: Arundhati Bhattacharya
Ø Yes Bank Q1 profit rises 32% to Rs731 crore
Financial Express
Ø Cabinet hikes limit for foreign investment in markets to 15%
Ø Sensex closes 48 points up in choppy trade, Nifty settles above 8,600
Ø Amtek looking to sell non-core business, stake in overseas companies
Ø China considers crackdown on risky wealth management products: Draft rules
Financial Chronicle
Ø Monsoon to push GDP growth to over 8%: Panagariya
Ø NAREDCO seeks easy bank finance for realtors
Ø China’s LeEco to buy US TV maker Vizio for $2b
Ø Canara Bank gets shareholders nod to raise capital
Ø States asked to speed up implementation of e-NAM
Ø Defence PSUs can float JVs with foreign firm
