India : Business News Headlines – 08 Aug 2016
Economic Times
Ø Discoms shutting off solar power, govt tells CERC
Ø ‘GST may not lead to inflation if tax rate is about 18%’
Ø RBI likely to maintain status quo on Tuesday
Ø Niti Aayog suggests closure of eight sick PSUs
Ø NHAI eyes Rs 50k cr from bond sale. LIC get on board
Ø ‘Logistics sector could save $200 billion annually post GST’
Ø Govt may cut gas price for producers by 20% in Oct
Business Standard
Ø Telcos plan to move court on interconnect charge review
Ø India’s inflation target is ‘credit positive’: Moody’s
Ø GST Bill to be taken up by Lok Sabha on Monday
Ø India defying global slowdown, poised to seize opportunity: FM
Ø Dr Reddy’s gets nod to import 15 active ingredients into EU
Ø Essar Oil to invest Rs 1,200 cr before sale to Rosneft
Ø Minimum pension of retired central govt staff goes up by 157%
Business Line
Ø Development agenda, reforms will ensure new growth path:
Ø ‘Task force soon to propose dispute resolution under GST’
Ø MRPL targets to expand market for polypropylene
Ø Mallya PMLA case: ED to attach assets worth Rs. 6,000 cr
Ø ZF Group to set up technology centre in Telangana
Ø Cochin Port Trust introduces online berthing system
Mint
Ø HDFC Life-Max merger ratio likely at 10:24
Ø GST could mean end of the road for sub-four metre sedans
Ø Sebi proposes ways to slow down high frequency trading
Ø Income tax department raids Muthoot Capital Services office
Ø Vedanta aims to close merger with Cairn India in early 2017
Ø PM to lay foundation of Rs10,600 cr Telangana power project
Financial Express
Ø Amfi seeks more time for compliance with central server
Ø Taco Bell to expand to 12 more Indian cities in next 4 yrs
Ø 97% Indian smartphone market captured by Google’s Android in Q2 2016: Reports
Ø Delhi Metro to install solar plant atop elevated stabling shed
Financial Chronicle
Ø CBI nodal agency for banks to report high value frauds
Ø E-policy attractive for its ease of handling
Ø Cardamom rates to remain firm till new crop arrives
Ø EPFO, LIC decide to invest in NHAI bonds
Ø Cognizant’s Q2 revenue up 9.2% at $3.37billion
