India : Business News Headlines – 04 Aug 2016
Thu Aug 04 2016
Rajesh Sharma (2002 articles)

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

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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