India : Business News Headlines – 02 Aug 2016
Tue Aug 02 2016
Rajesh Sharma (2003 articles)

India : Business News Headlines – 02 Aug 2016

Business Standard
Ø  Govt to move 4 amendments in bill to facilitate GST
Ø  Min Rs 500 cr capital for new on-tap license: RBI
Ø  Rajan wants monetary policy panel formed before he departs RBI
Ø  FPIs approach government to renegotiate India-Singapore tax treaty
Ø  Uber shuts shop in China with $35 bn merger, India now its big bet
Ø  Tata Capital Housing unveils home loan scheme
Ø  EPF Act to be amended to include cos with 10 workers
Ø  Indian equities may remain top draw for FIIs
Ø  India’s trade deficit with China jumps to $53 bn in 2015-16
Ø  Govt seeks parliament’s approval for $15.4 billion extra spending
Ø  Govt clears 89 single-brand retail, 1 multi-brand proposals
Ø  Core sector growth recovers in June, rises 5.2%
Ø  Inflation to ease with monsoon impact on veggie prices: SBI
Ø  Tesla offers $2.6 bn for SolarCity, lower end of expectations

Business Line
Ø  Govt lists GST bill in Rajya Sabha for Wednesday
Ø  21% of country received deficient rainfall
Ø  SEBI approves RBL Bank’s long pending IPO
Ø  Steel industry owes over Rs 3 lakh crore to banks: minister
Ø  Centre approves Draft Real Estate Agreement Rules for UTs
Ø  M&M sales move up 14% to 39,458 units in July

Ø  RBI puts bank licences on tap, excludes big groups
Ø  Monsoon to be above normal in August and September: IMD
Ø  Tech Mahindra Q1 profit rises 28% to Rs796.5 crore
Ø  Maruti Suzuki cracks down on suppliers over quality
Ø  Bad loan problem at ICICI Bank far from over
Ø  Sebi audit flags discrepancies at warehouses

Financial Express
Ø   Wipro Infrastructure to acquire Israel’s H R Givon
Ø  Maruti Suzuki shares hit new record high on July sales
Ø  Verizon to buy Fleetmatics for about $2.4 billion
Ø  Honda Cars sales plunge 24.57% to 14,033 units in July
Ø  TCHFL unveils low interest home loan at 4 per cent for weaker section

Financial Chronicle
Ø  SBI’s cheaper home loans for 7th pay panel awardees
Ø  GSK, Alphabet create $715m bioelectronics firm
Ø  Nobel Hygiene to ramp up production
Ø  Maruti hikes prices by up to Rs 20,000
Ø  Sensex washes out early gains, slides 49 points

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.