India : Business News Headlines – 05 Aug 2016 Edit
Economic Times
Ø Jio 4G services to be at ‘substantially lower’ rates than rivals: RIL
Ø Countdown to 4G launch: Jio deploys 1 lakh small cells, 2.50 lakh route km of OFC
Ø Chinese brands are here! Vivo, Gionee gain mkt share at the cost of Samsung, Micromax
Ø Airlines fear rise in costs because of GST, leading to higher ticket prices
Ø New trend: McDonald’s goes on a healthy diet
Ø TalentSprint expands leadership team with three new appointments
Ø Parliament okays additional grants of Rs 1.03 lakh crore
Ø PM Narendra Modi asks 172 IAS officers to study centre, state sites
Ø Government expects 50% states to ratify GST bill in 30 days
Ø iD Fresh Foods partners with Nilgiri Dairy Farm to produce dairy products
Ø Volkswagen starts IT arm to support global brands from Pune
Ø Investments in fintech firms at an all time high; Rs 1,245 crore pumped in so far in 2016
Ø Biyani’s Future Enterprises plans to raise Rs 1,250 crore
Ø French lighting company Mathieu Lustrerie is banking on the new Indian maharajas
Ø Suzlon to exit debt restructuring by March 2017: Tulsi Tanti
Ø Siemens bags Rs 217 crore order from Power Grid company of Bangladesh
Ø Government extends minimum import price on 66 steel products
Ø 185 mini steel plans in Chhattisgarh facing trouble: Motilal Vohra
Ø Dr Reddy’s acquires Teva’s eight US products
Ø Tata Trusts, Gilead sign MoU on viral hepatitis in India
Ø Carlyle Group emerges front-runner for Bharat Biotech stake
Ø Luxury on offer in India still quite limited: Longchamp CEO
Ø LeEco plans to invest $200 million in content for India over 2-3 years
Business Line
Ø Apollo Hospitals to invest Rs. 1,200 cr in oncology segment; to offer proton therapy
Ø Comedy, web series combination strengthening YouTube viewership
Ø RIL sets record with FY16 investment of ₹1.2 lakh cr
Ø Deepak Fertilisers to invest ₹550 crore in new Dahej plant
Ø ASCI pulls up firms for 109 misleading ads
Ø Tube Investments profit doubles in first quarter
Ø Minority shareholders allege violation of Listing Agreement by Cairn India
Ø Slowdown in biscuits bites into Parle’s budget
Ø LeEco’s televisions to be available in offline stores soon
Ø ONGC, OIL pay differential royalty on crude oil to Assam
Ø Future group, Paytm tie up to take Big Bazaar online
Ø SAIL approves VRS to 1,038 employees
Ø GE to invest up to $31 mn in Mytrah wind project
Ø Suzlon wins 75.6 MW turnkey orders
Business Standard
Ø Centre may take money Bill route for next GST laws
Ø Govt firm on April 1 deadline for GST
Ø Oberoi Realty in talks with Morgan Stanley, GIC for JV
Ø Reliance to create ‘omni-commerce’
Ø RIL takes aim at gas pricing formula
Ø Amazon looks at more online recruitment
Mint
Ø Total rainfall so far 2% excess of long-period average
Ø Mukesh Ambani’s salary remains capped at Rs15 crore for eighth year
Ø GST will help firms cut logistics cost by 1.5-2.5%, say executives
Ø Ola says it raised Rs384 crore from Vanguard Group in December 2015
Ø Bata India to take franchisee route to tap rural and semi-urban markets
Ø Air Costa cancels all flights after trouble with lessors
