India : Business News Headlines – 23 Aug 2016
Tue Aug 23 2016
Ramesh Sridharan (876 articles)

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

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.

Ramesh Sridharan

Ramesh Sridharan

Ramesh Sridharan is our Stock Market Correspondent covering events and daily movements of stock markets in Asia. He is based in Mumbai


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