India : Business News Headlines – 10 Aug 2016
Business Standard
Ø Rajan maintains form, holds rates in final innings
Ø GAIL may face loss on US contracts going ahead
Ø Top 100 borrowers owe PSBs Rs 13.71 lakh crore
Ø Rajan warns against fake RBI e-mails promising money
Ø RBI to inject Rs 10,000 cr for liquidity crunch on FCNR payout
Ø TCS ranked 58th most valuable US brand
Ø United Bank of India’s net profit dips 93 per cent
Ø India on the cusp of 30-year cycle of good monsoons
Ø RJio is choking our networks, say incumbents
Ø Comfortable with NPA clean-up and no need to relook at it: RBI
Ø Sugar output in 2016-17 may be lower due to drought: Govt
Ø Sebi launches e-payment mode for penalties
Ø Net worth doubles, no need to report to BIFR: Chennai Petro
Ø Lower tax rate boosts Lupin’s Q1 net by 68%
Business Line
Ø Dumping duty imposed on viscose staple fibre imports from China, Indonesia
Ø Equity MFs assets base hits record high of Rs. 4.5 lakh cr
Ø Late, but widespread rains bail out cotton crop in Gujarat
Ø Tax revenues soar in April-July
Ø Randstad to buy jobs portal Monster for $429 million
Ø SRF to invest Rs. 345 crore for expanding business
Mint
Ø Raghuram Rajan says speeches never criticised govt
Ø Dentsu Aegis Network to rebrand three of its agencies
Ø SC to hear plea against Sesa Goa-Sterlite merger in end-September
Ø Tata Global Beverages Q1 profit rises 52% to Rs119.52 crore
Ø Indian Overseas Bank posts Rs1,450.50 crore quarterly loss
Ø Colgate-Palmolive Q1 profit rises 8.43% to Rs125.72 crore
Financial Express
Ø MPC to decide on interest rates in October 4 policy: R Rajan
Ø Nifty closes below 8,700 after RBI holds rates;
Ø Muted response seen for India’s ‘largest’ telecom spectrum auction
Ø ‘Oil prices’ role in India’s disinflation relatively modest: IMF
Ø Godrej Properties Q1 Net up 9% at Rs 43 cr
Financial Chronicle
Ø Bonds rise on RBI plan to boost liquidity through OMO
Ø Had fantastic tenure, made useful contributions: Rajan
Ø India’s bilateral investment pacts restrictive: Niti
Ø Smriti Irani plans textile outreach at 70 locations
Ø Tata Steel focusing more on B2C, B2SME segments
Ø Surplus power may cause Rs 8K cr loss to discoms
