India : Business News Headlines – 08 Aug 2016
Mon Aug 08 2016
Rajesh Sharma (1831 articles)

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

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

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.