India : Business News Headlines – 09 Aug 2016
Tue Aug 09 2016
Rajesh Sharma (2002 articles)

India : Business News Headlines – 09 Aug 2016

Business Standard
Ø  India Inc hails passage of GST Bill, plans April rollout
Ø  SBI asks five banks to clean books before merger
Ø  Telecom companies accuse TRAI of bias
Ø  ONGC inflated its own crude oil report card: CAG
Ø  Brokers to provide trading documents in 15 languages
Ø  ‘Govt never imposed fine of Rs 200 cr on Adani port, SEZ’
Ø  Walmart to buy Jet.com for about $3.3 billion
Ø  3:7 swap ratio for Max, HDFC Life merger
Ø  India exported meat worth $568 million in April-May
Ø  Mutual funds to become costlier on GST implementation
Ø  DoT to kick off spectrum auctions on 29 September
Ø  Regulatory issues, land acquisition delay 112 NHAI projects
Ø  China to crack down on illegal rare earth mining
Ø  Aurobindo Pharma receives US FDA nod for anti-infective drug

Business Line
Ø  Govt notifies provisions under insolvency law
Ø  Bumpy road to recovery for Indian economy: Citigroup
Ø  Bank officers’ union to protest against govt policies
Ø  US tax hunt overseas causes global headaches
Ø  HDFC, Max agree on terms of merging life insurance biz
Ø  Marico sees 10% growth in H2 on rising consumer demand

Mint
Ø  Discoms’ power purchase costs soften in first quarter
Ø  CAG pulls up aviation ministry on Gondia airport spend
Ø  Hero MotoCorp Q1 profit rises 18.3% to Rs 883 crore
Ø  Reliance Retail to expand beyond 500 towns
Ø  Amara Raja-Exide Industries battle enters new phase
Ø  Britannia delivers a margins surprise

Financial Express
Ø  S&P 500 set to open at record high after jobs data
Ø  Delhi may be among first few states to ratify GST bill
Ø  Differences between RBI, govt contribute to improve policies: D Subbarao
Ø  85% banks’ NPA levels rise in Jan-June 2016: Survey
Ø  Green panel defers decision on Tata Power’s Versova project

Financial Chronicle
Ø  Rajan may keep rate static in his last policy tomorrow
Ø  China imports, exports slump in July: customs
Ø  ‘On-tap bank licencing ‘credit positive’ for NBFCs’
Ø  Oil rises on new output freeze calls
Ø  MF exposure in bank stocks hits a record at Rs 94K cr
Ø  Raymond looks to double retail turnover by 2021

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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