India : Business News Headlines – 28 Jul 2016
Thu Jul 28 2016
Rajesh Sharma (2003 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

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.


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