India : Business News Headlines – 04 Aug 2016
Business Standard
Ø GST rate of 18-20% to cause mild inflation: Economists
Ø Telcos penalised for wrong subscriber verification
Ø Credit and deposit growth remains tepid for banks
Ø India’s July Iranian crude imports surge 21%
Ø ‘5,200 MW solar capacity to be added in 2016-17’
Ø No proposal from Apple to make iPhones in India as yet
Ø GST to make insurance costlier by 300 bps
Ø Cabinet nod to bring Uber, Ola under Motor Vehicles Act
Ø RS passes GST Constitutional Amendment Bill
Ø Essel group to set up virtual network operation with BSNL
Ø Cabinet approves a flat SUC of 3% for upcoming spectrum auction
Ø FIPB clears 7 foreign investment proposals worth Rs 300 cr
Ø NSE group firm, CERSAI unveil online C-KYC registry
Business Line
Ø GST to curb black money, April 2017 roll-out tough: Experts
Ø Anti-dumping duty plan may boost steelmakers
Ø NSE Q1 net drops 44% to Rs. 187 cr on SGF transfer
Ø Petroleum Ministry asks FinMin to reduce crude oil cess
Ø Dredging Corpn achieves Rs. 676 cr turnover in 2015-16
Ø Markets have already priced-in GST passage, say analysts
Mint
Ø SunEdison India sale said to draw Khazanah, Hindujas
Ø Reliance Jio gets green nod for AAE-I subsea cable project
Ø Tata Technologies plans to acquire companies to expand its defence footprint
Ø ICRA lowers outlook on Adani Ports, reaffirms ratings
Ø Samsung said in talks to buy assets of Fiat auto-parts unit
Financial Express
Ø CCEA okays formula to pay production subsidy to sugar mills
Ø Government to further import 30,000-tonne tur, urad pulses
Ø Govt gives nod to monetize 75 road projects; to garner Rs 1L cr
Ø 25-30 yrs needed for lifting poor above international line: Govt
Ø Cabinet gives nod to new Motor Bill, steep penalties proposed for violation of traffic norms
Financial Chronicle
Ø Franklin Templeton MF’s assets fall on quality issues
Ø Global gold ETFs see record inflows, hold 2,240 tonne
Ø Reforms, monetary policy to push growth to 8%: S&P
Ø TVS Motor eyes 18% market share in 2 years
Ø Anti-China steel tariffs bite engg, manufacturing firms
Ø Bitcoin worth $72m stolen from Bitfinex exchange in HK
