India : Business News Headlines – 22 Aug 2016
Business Standard
Ø Urjit Patel as RBI Guv indicates policy continuity
Ø ‘Urjit Patel will take long-term view on NPA clean up’
Ø Change of guard suddenly puts RBI in a bind on MPC front
Ø Govt may nominate three MPC members this month
Ø FinMin considering imposing MIP on aluminium imports
Ø Credit bureaus want RBI to make payments banks its members
Ø Global funds take JV route for re-entry in India realty
Ø ‘Excellent credentials’ to help Patel lead RBI: Experts
Ø RBI Governor need not be a ‘rock star’ to be successful: Fitch
Ø Sebi gets Rs 390 crore as fee from market participants in FY16
Ø SBI merger with associates, BMB exempt from CCI approval
Ø HCL-Geometric deal gets CCI green signal
Business Line
Ø Finance Ministry mulls advancing Union Budget by a month
Ø EPFO investments in ETFs to be raised beyond 5%: Dattatreya
Ø CCI clears HDFC ERGO’s acquisition of L&T General Insurance
Ø GIFT City banks get off to a roaring start mopping up $650 mn
Ø Income tax collection from Mumbai rises 9%
Ø CIL workers to go on nation-wide strike on Sept 2
Mint
Ø SBI says will gain $120 billion in assets from takeover of units
Ø Fortis Healthcare board approves demerger of its diagnostics arm
Ø Making Ranbaxy units cGMP compliant time consuming: Sun Pharma
Ø Gail India to partner US firm for new gas power generation technology
Ø Oil in bull market heads for biggest weekly gain since March
Financial Express
Ø India further cuts US govt securities exposure to $117 bn
Ø Expect volatility as markets suss out new RBI boss Urjit Patel
Ø DoT in favour of more penal power to TRAI
Ø ‘India on cusp of revolution with GST, inflation framework’
Financial Chronicle
Ø State FMs to meet industry chambers to discuss GST
Ø Sunil Mittal to take home over Rs 30 cr in annual pay
Ø India less vulnerable to banking risks than China
Ø NITI may seek cabinet nod for e-manufacturing policy
Ø July PE investments slump as big-ticket deals vanish
