India : Business News Headlines – 19 Aug 2016
Fri Aug 19 2016
Rajesh Sharma (1831 articles)

India : Business News Headlines – 19 Aug 2016

Economic Times
Ø  NPAs nearly doubled to 8.5 per cent in Q1: Report
Ø  Government slaps $380 million additional penalty on RIL
Ø  US jobless claims fell to 262,000 last week
Ø  Wipro parks $1.5 mn for minority stake in Israeli firm
Ø  Govt extends subsidy scheme to solar-powered cold storages
Ø  SBI approves merger with associate banks
Ø  Tata, Docomo brass to meet to resolve dispute

Business Standard
Ø   Singtel to pick 7.39% stake in Bharti Telecom for $659 mn
Ø  Govt imposes anti-dumping duty on cold-rolled flat steel items
Ø  Sebi moves Australian court, seeks attachment of PACL properties
Ø  Gujarat woos post-Brexit investments from the UK
Ø  RBL Bank raises Rs 364 cr from anchor investors
Ø  I-T dept changes property valuation rule

Business Line
Ø  Debt of top 30 steel firms hits record $150 b: E&Y
Ø  SBI board approves merger of 3 associate banks and Bharatiya Mahila Bank
Ø  Chinese firm to invest $150 m in Uttam Group’s project
Ø  Oil steady near six-week highs on talk of supply freeze
Ø  BSE eager to offer higher stake to Deutsche Börse

Ø  World’s biggest banks still pose too-big-to-fail risk, FSB says
Ø  Rupee closes marginally weaker against US dollar at 66.81
Ø  Power Grid: Strong guidance help investors overcome capitalization miss
Ø  ICICI goes live with banking transaction product on mobiles
Ø  Bad loans, slowing growth cloud outlook for power sector lenders

Financial Express
Ø  AIFs need to have dispute settlement mechanism: Sebi
Ø  BSNL, Microsoft Corporation partner for enterprise business
Ø  Dilip Buildcon bags Rs 2,000 cr highway project from NHAI
Ø  India keen on developing coal fields, ore mines in Russia
Ø  Goverment unveils portal for star rating of mines

Financial Chronicle
Ø  Black money: CBDT to issue fresh FAQs on IDS,
Ø  Now pension may be fixed without employers’ attestation
Ø  Sensex up 118 pts as US rate hike prospects ebb
Ø  14 lakh individuals fell in 30% tax bracket in 2012-13
Ø  OYO raises Rs 413.1 cr from SoftBank Group

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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.