India : Business News Headlines – 02 Aug 2016
Tue Aug 02 2016
Rajesh Sharma (1832 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

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.