India : Business News Headlines – 10 Aug 2016
Wed Aug 10 2016
Rajesh Sharma (1831 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

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

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.