India : Business News Headlines – 12 Aug 2016
Business Standard
Ø Customer not liable if fraud due to bank’s fault: RBI
Ø Merger not to fund Idea Cellular for battle with RJio: KM Birla
Ø CIL asks govt to levy environment tax on pet coke
Ø Niti Aayog identifies SAIL units for strategic sale: Govt
Ø Govt plans to utilise landbanks of public sector enterprises
Ø Liquor cos lost $4 bn last year for prohibition and GST
Ø Aditya Birla Gr rejig not favourable for shareholders
Ø UTI AMC gets majority nod for listing
Ø Aditya Birla Nuvo to merge with Grasim
Ø RBI faced pressures from govt for cutting rates: Subbarao
Ø 95% utilisation certificates not submitted by Goa govt: CAG
Ø BoB Q1 down 60% on higher provisions for NPAs
Ø No shortage of coal; 23 days stock available for power plants
Ø US ambassador calls for globalisation of Indian legal sector
Business Line
Ø Nine merchant bankers in fray to manage HUDCO stake sale
Ø Bridgestone enters two-wheeler tyre segment in India
Ø India, US fated to be strategic partners: think tank
Ø Hero MotoCorp promoter entity sells shares worth ₹ 1,910 cr
Ø Escorts shares zoom 17% as Co divests auto parts business
Ø MRF reports marginal rise in first-quarter net
Mint
Ø RBI raised forex interventions under Raghuram Rajan
Ø Jyothy Lab Q1 net earnings up by 78%
Ø Bank of Baroda Q1 profit falls 59.74% to Rs423 crore
Ø Cabinet approves liberalization of FDI norms for NBFCs
Ø IDBI Bank Q1 net profit rises 78% to Rs241.10 cr on tax write-back
Financial Express
Ø Sensex ends 85 points up in volatile trade, Nifty settles above 8,590;
Ø ArcelorMittal-SAIL JV to be operational by December
Ø ‘Power generation up 7.13 % in April-June at 391 billion units’
Ø COAI seeks PMO intervention on Trai’s “unfair” policies
Ø Numaligarh Refinery plans $3 bln expansion to treble capacity
Financial Chronicle
Ø Premji, Nadar in Forbes list of 100 richest tech tycoons
Ø Global gold demand up 15% in Q2 2016: WGC
Ø Amendment to Companies Act to ease fund flow: FM
Ø Australia blocks foreign bids for Ausgrid
Ø RBI transfers Rs 65,876 cr surplus to govt
Ø China mobile makes $9.1 billion profit in H1
Other Sources
