India : Business News Headlines – 22 Aug 2016
Mon Aug 22 2016
Rajesh Sharma (2003 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

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.


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