India : Business News Headlines – 01 Aug 2016
Mon Aug 01 2016
Rajesh Sharma (2003 articles)

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

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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