India : Business News Headlines – 23 Aug 2016
Business Standard
Ø Reforms hold key to upgrade of India rating: Moody’s
Ø Govt expects Patel to keep inflation-growth balance
Ø ‘Rural economy to be big growth driver in next 2 yrs’
Ø New RBI chief Patel coming after PSBs’ $100 bn pacifier
Ø UK to strengthen trade, business relations with India
Ø Pfizer buys Medivation for $14 bn to boost cancer research with Xtandi drug
Ø Birla Corp buys Anil Ambani’s cement biz at Rs 4.8K cr
Ø Bonds lose steam on fears of hawkish RBI
Ø Essar Oil eyes foray into LPG distribution biz
Ø FM holds inter-ministerial meeting on banning sugar futures
Ø Govt may bundle road projects to boost minimum investment size
Ø Rupee falls to 1-month low of 67.19 on dollar strength
Ø GAIL signs MoU with Bloom Energy for fuel cell power generation
Business Line
Ø NCDEX rejects 50% coriander on quality issues
Ø HPCL profit up 30% in Q1 on higher inventory gains
Ø Rains may not affect standing soyabean crop in M.P.
Ø Energy efficient cos to share best practices at CII summit
Ø Pledging of shares hit 7-year high in June
Ø NCML to launch e- platform to trade warehouse receipt
Mint
Ø Welspun India gets tangled in knots
Ø Domestic airfares unlikely to fall much till September
Ø India is world’s third biggest tech start-up hub: Study
Ø RBL Bank’s IPO subscribed 3.08 times on day 2
Ø HDFC Bank makes loan grab as bad debts hit rivals
Ø Emami strives to turn around AMRI Hospitals
Financial Express
Ø Sensex ends 91 points down, Nifty settles below 8,630;
Ø FSSAI for healthy eating habit for kids, readies negative list
Ø Goverment unveils portal for star rating of mines
Ø Maharashtra to develop 10 airports as part of Central scheme
Ø Maggi with 57% share regains top slot in noodles market
Financial Chronicle
Ø Fed close to hitting job and inflation targets: Fischer
Ø Reforms to aid growth, banking sector risks remain: Moody’s
Ø India, Germany sign pact on vocational training
Ø Renesas seen buying US chipmaker Intersil for $3b
Ø Assets managed by PMS industry top 10L cr mark.
