India : Business News Headlines – 17 Aug 2016
Business Standard
Ø WPI inflation hits 23-month high of 3.55% in July
Ø Policy to unlock Rs 2.5L cr in oil and gas: Mukundan
Ø Sagarmala may save Rs 40,000 crore in logistics costs
Ø Fed likely to hike US interest rates in September
Ø Senvion to buy Kenersys from Bharat Forge founders
Ø L&T gets Maharashtra govt contract to convert Nagpur into smart city
Ø HC admits Tata Cap’s plea to recover 3i Infotech dues
Ø SBI turns bullish on credit growth for FY17
Ø Raghuram Rajan asks banks to improve cyber security systems
Ø Lower fresh NPAs in Q1 of FY17: RBI deputy gov
Ø Govt to further import 1 lakh tn of chana, masoor dals
Ø Sebi, exchanges begin delisting drive for suspended companies
Ø Reliance Jio writes to TRAI again targeting existing telcos
Ø Unilever acquires air purifier firm Blueair
Business Line
Ø Govt to bear MDR cost for online payments
Ø NSDL launches facility for retail trade in G-secs
Ø MCX silver continues to test key base with negative bias
Ø State Finance Ministers to meet industry associations on GST
Ø Monsoon busy in North; stays subdued over South Peninsula
Ø JSW Steel to acquire JSW Praxair Oxygen for Rs. 240 cr
Mint
Ø Hindalco’s Novelis raises $1.15 billion through bond issuance
Ø Thermax has no respite from dismal order inflows
Ø Hike becomes a unicorn after raising $175 million from Tencent, Foxconn
Ø Temasek invests in ICICI as Indian banks move to clear bad loans
Ø Citing PSU salaries, Raghuram Rajan says he feels underpaid
Financial Express
Ø Sun Pharma promoter firm pledges 1 crore shares to SBI
Ø Steel output likely to hit 127.1 mn tonnes by 2020: BMI
Ø Govt to bear transaction cost of payments received via cards
Ø RBI Deputy S S Mundra warns banks of stern action for mis-selling
Ø Piramal to acquire Ash Stevens Inc for $53 mn
Financial Chronicle
Ø Rajan wants bankers to take onus for large loans
Ø Tata AutoComp Systems to acquire TitanX
Ø Opec may revive talks on freezing oil output levels
Ø India needs to counter China on SCS: US expert
Ø Berkshire takes bigger bite of Apple, pares Wal-Mart
