India : Business News Headlines – 12 Aug 2016
Fri Aug 12 2016
Rajesh Sharma (1810 articles)

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

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

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.