India : Business News Headlines – 29 Jul 2016
Fri Jul 29 2016
Rajesh Sharma (2003 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

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.