India : Business News Headlines – 01 Aug 2016
Business Standard
Ø Telcos seek uniform GST rate across India, cap at 15%
Ø GST stands simplified with govt dropping 1% tax
Ø ‘Govt open to deliberating on merger of oil firms’
Ø Central KYC to hit new equity, commodity investors from Aug 1
Ø ‘Despite growth, our economy can’t give enough jobs’
Ø DLF’s rental arm stake sale by Sept, may get 12K cr
Ø ‘Global investors likely to be cautious on NIIF investments’
Ø Blackstone, GIC rivalry keeps Indian realty pot boiling
Ø Petrol price cut by Rs 1.42/litre, diesel by Rs 2.01 a litre
Ø India’s holdings of US govt securities falls to $118 bn in May
Ø Mallya’s assets to go under hammer for Rs 700 cr
Ø Lok Sabha to take up Debt Recovery Bill today
Ø Due diligence for merger of Max Life almost complete: HDFC Life
Business Line
Ø SEBI’s first phase of new enterprise portal goes live
Ø Exim Bank raises $1 bn from overseas bonds
Ø Coal linkages panel asks GVK Power to get fuel via e-auction
Ø SEBI cautions public against dealing with PACL assets
Ø FPI inflows in equities hits 4-month high of Rs. 12,612 cr in July
Mint
Ø Delhi HC asks SpiceJet to deposit Rs580 crore in dispute with Kal Airways
Ø L&T’s Q1 profit rises 46% to Rs610 crore
Ø Tata group’s revenue falls 4.6% on decline in commodity prices
Ø Godrej Consumer Q1 net profit more than doubles to Rs244.89 crore
Financial Express
Ø Govt withdraws tender for procuring mid-air refuellers
Ø Centre to soon initiate process for making Ethanol from biomass: Nitin Gadkari
Ø Industry sees uptick in sales, profitability by December: Survey
Ø Pharma sector receives Rs 4,975-crore FDI in FY16: Governmen
Financial Chronicle
Ø India to clock GDP growth of 7.5% this fiscal: Deutsche
Ø After Qatar, India tries to rework Australia LNG maths
Ø Good rains, low crude prices may push RBI to cut rates
Ø Production of natural rubber likely to rise 16% in FY17
Ø Falling export forces guar farmers to shift to other crops
