India : Business News Headlines – 05 Aug 2016 Edit
Fri Aug 05 2016
Rajesh Sharma (2003 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

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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