India : Business News Headlines – 05 Aug 2016 Edit
Fri Aug 05 2016
Rajesh Sharma (1810 articles)

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

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

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.