India : Business News Headlines – 29 Jul 2016
Fri Jul 29 2016
Rajesh Sharma (1832 articles)

India : Business News Headlines – 29 Jul 2016

Business Standard
Ø  India cautions traders about fraud in import-export from China
Ø  Several countries keen to participate in Smart City project: Govt
Ø  Cyrus Mistry to meet Tata group heads on Friday
Ø  Fosun agrees to buy Gland Pharma for $1.3 bn
Ø  India should continue fiscal consolidation for better prospect
Ø  Govt may block Tata arbitration payment to Docomo
Ø  Oracle buys cloud pioneer NetSuite for $9.3 billion
Ø  India Inc waits for timely rollout of GST
Ø  L&T Infotech net profit grows 34.9% y-o-y in Q1 FY17
Ø  Legal panel allows Vijay Mallya to head United Breweries
Ø  Zen Technologies bags order from Egypt’s Defence Ministry
Ø  Eicher Motors Q1 net up 59% at Rs 376.29 crore
Ø  GSK Pharma Q1 net down 23% at Rs 72.27 crore
Ø  Japan says MIP on steel products violates WTO rules

Business Line
Ø  RBI eases norms for individual investor’s access to G-Sec market
Ø  Investors prefer balanced funds to equity: AMFI data
Ø  Coal linkages: captive power segment comes to CIL’s rescue
Ø  IDFC in talks with RBI to enhance shareholder value
Ø  Centre asks States to offer power to industries at fixed rates

Ø  Bank strike on Friday, services may be affected
Ø  NPCIL seeks new bids for Gorakhpur nuclear power plant
Ø  MOIL fixes 8 August as record date for share buyback
Ø  FTIL claims Rs21 crore as immediate expenses in Bombay high court
Ø  Kesoram Industries may infuse Rs600 crore as capex

Financial Express
Ø   Sensex climbs 184 points on F&O expiry, GST optimism; Nifty settles at 8,666
Ø  US trade, inventory data pose downside risk to Q2 GDP
Ø  BRICS discusses ways to increase cooperation in services, MSME
Ø  Ceat Q1 net profit dips 17% to Rs 93 cr

Financial Chronicle
Ø  PNB profit more than halves to Rs 306 cr in Q1
Ø  Green bond issuances to top $75b in 2016: Moody’s
Ø  Sunil Munjal to step down from Hero MotoCorp board
Ø  Single window for startups to resolve grievances

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.