India : Business News Headlines – 12 Aug 2016
Fri Aug 12 2016
Rajesh Sharma (2002 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

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

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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