India : Business News Headlines – 10 Aug 2016
Wed Aug 10 2016
Rajesh Sharma (2002 articles)

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

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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