India : Business News Headlines – 09 Aug 2016
Tue Aug 09 2016
Rajesh Sharma (1790 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 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

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

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.