India : Business News Headlines – 01 Aug 2016
Mon Aug 01 2016
Rajesh Sharma (1790 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

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

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.