India : Business News Headlines – 17 Aug 2016
Wed Aug 17 2016
Rajesh Sharma (2002 articles)

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

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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