India : Business News Headlines – 28 Jul 2016
Thu Jul 28 2016
Rajesh Sharma (1816 articles)

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

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

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.