India : Business News Headlines – 03 Aug 2016
Wed Aug 03 2016
Rajesh Sharma (2002 articles)

India : Business News Headlines – 03 Aug 2016

Business Standard
Ø  CAG red-flags $1.6 bn excess cost recovery by RIL
Ø  Infy to bet closer home, $15 million for Indian VC fund
Ø  Eicher set to repeat history, may over take Hero
Ø  PSBs need Rs 2.5 lakh crore capital over 3 yrs: S&P
Ø  India to slap anti-dumping duty on steel from 6 nations
Ø  India legally bound to enforce tribunal award: DoCoMo
Ø  Top 10 corporate groups owe Rs 5.73L-cr to lenders
Ø  Bad debt recovery may get PSU muscle
Ø  Govt may divest SUUTI stakes through new CPSE ETF
Ø  Govt yields on GST umpire, inter-state levy
Ø  Sebi goes after ponzi schemes, files 567 cases so far
Ø  I-T Dept may write off small tax arrears of up to Rs 5,000
Ø  ONGC goes for market price for gas from two fields
Ø  Lupin expands Japan business with Rs 1,000 crore buy

Business Line
Ø  July delivers 7% excess rainfall, says IMD
Ø  Squeeze on US dollars felt ahead of $20-b FCNR deposit redemption
Ø  Sun Pharma gets USFDA nod for generic diabetes treatment drug
Ø  Dilip Buildcon IPO subscribed 70% on Day 2
Ø  Dewan Housing aims for 18-20% growth in loan disbursals this fiscal
Ø  CAG raps govt over inaccuracy in housing stock data

Mint
Ø  Rupee closes little changed at 66.74 against US dollar
Ø  India seeking merger model for creating a state oil champion
Ø  Nearly 58 lakh pensioner bank accounts to come under PMJDY
Ø  NMDC may enter rare earth minerals, beach sand mining
Ø  Competitive pricing pressure clips IndiGo’s wings
Ø  India’s consumer confidence slips, shows survey

Financial Express
Ø  Coup costs Turkey economy $100 billion: Minister
Ø  Tata Trusts, Global Fund join hands to fight diseases
Ø  Infrastructure deficit biggest hurdle for ‘Make in India’: S&P
Ø  AXA, Alibaba, Ant Financial forge global distribution tie-up
Ø  ‘Indian exports started picking up again in past 2 months’

Financial Chronicle
Ø  Govt circulates amendments to GST to RS members
Ø  Top 200 Indian companies outperform Chinese peers
Ø  Japan approves $130b in fiscal steps to boost growth
Ø  Grain output seen at 252.22 mt this year
Ø  New Greek bailout finds IMF in a political bind

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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