India : Business News Headlines – 23 Aug 2016
Tue Aug 23 2016
Ramesh Sridharan (870 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.

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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