India : Business News Headlines – 22 Aug 2016
Mon Aug 22 2016
Rajesh Sharma (2002 articles)

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

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.

Discussion

Rules of Discussion on Live Index

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.