India : Business News Headlines – 24 Aug 2016
Business Standard
Ø Reliance permitted to mortgage Sasan coal block
Ø Ind-Ra upticks GDP forecast to 7.8%; growth on but not speedy
Ø Smuggled gold at 1/3rd of India’s total demand; $1 bn revenue lost
Ø Govt mulls banning cash transactions above Rs 3 lakh
Ø Idea denies report on merger talks with Vodafone
Ø India in talks with Singapore to amend DTAA provisions: CBDT
Ø Debt mkt can beat equity in next 12 mths: CLSA
Ø Arun Jaitley orders ‘immediate action’ towards implementation of Bankruptcy Code
Ø January Budget to bring more efficiency: CBDT
Ø Piramal, Bain Capital join hands to float a platform for stressed assets
Ø Protection for steel industry must be temporary: CII President
Ø Welspun faces Walmart review after Target pulls sheets
Ø Sebi weighs cash benefit distribution via depositories
Business Line
Ø India is 7th most wealthiest country with $5,600 bn
Ø Private-public partnerships, film certification board on PAC’s radar
Ø BSNL Kerala retains status as most profitable telecom circle
Ø NSE ropes in Citigroup, Morgan Stanley to handle IPO
Ø FSSAI to allow import of food for special medical purposes
Mint
Ø Smartphone user loyalty is beyond Net Promoter Scores: report
Ø FIPB clears seven FDI proposals worth Rs290 crore
Ø Carlyle Group readies bid for Claris’s injectable drugs business
Ø Aurobindo Pharma Q1 net profit rises 24% to Rs585 crore
Ø Tata Power Q1 net profit falls 76% to Rs72 crore
Ø Urjit Patel could take away banks’ $100 billion pacifier
Financial Express
Ø NITI Aayog looks to make India hub for commercial arbitration
Ø DIPAM relaxes conflict of interest clause for SUUTI bankers
Ø Reliance Jio’s full-scale commercial launch likely in December
Ø RBL Bank’s IPO oversubscribed nearly 70 times
Ø ED registers fresh money laundering case against Vijay Mallya, Kingfisher airlines
Financial Chronicle
Ø GSTN security clearance key to bill passage: Swamy
Ø President regrets low institutional credit growth
Ø Microsoft buys artificial intelligence startup Genee
Ø Fed under growing pressure to reform system, goals
Ø Canada’s Couche-Tard to buy CST Brands in $4.4b deal
