India : Business News Headlines – 25 Aug 2016
Thu Aug 25 2016
Ramesh Sridharan (877 articles)

India : Business News Headlines – 25 Aug 2016

Business Standard
Ø  Union Cabinet clears new India-Cyprus DTAA
Ø  SBI may partner LIC, IIFCL for credit enhancement fund
Ø  CCI clears way for setting up of $17-billion entity
Ø  Bad loans of state-run banks double in 15 months
Ø  KFA brands to be auctioned again on Thursday
Ø  Mukesh Ambani’s hunts for 100 million Jio subscribers
Ø  Private sector bankers salary misaligned: RBI
Ø  Nirmala Sitharaman plumps for 200 bps rate cut by RBI
Ø  Tata Global Beverages to explore restructuring or selling China operations
Ø  Record German budget surplus fuels investment debate
Ø  Vodafone-Idea merger not easy, unlikely anytime soon: analysts
Ø  Lupin arm gets USFDA nod to market generic Zyvox tablets
Ø  Sebi reviews warehousing norms for agricultural products

Business Line
Ø  GST rate should be lower for essential food items: CII
Ø  NBCC plans to build on business with Hindustan Steelworks acquisition
Ø  GST to have inflationary impact: Cyrus Mistry
Ø  Strides Shasun gets USFDA nod for Ranitidine tablets
Ø  ‘Energy Efficiency will unlock hidden savings in manufacturing sector’

Mint
Ø  LIC won’t hike investment in stocks in 2016-17
Ø  Essar said to face asset sale challenge from IDFC private equity
Ø  Tata Global Beverages looks to enter dairy business
Ø  Infosys may get about $60 million for GST project
Ø  SBI plans to raise Rs11,100 crore through AT-1 bonds
Ø  Kingfisher Airlines brands to be auctioned again at lower price

Financial Express
Ø  India Inc enduring deepest earnings decline in 20 years: Morgan Stanley
Ø  Assets with portfolio managers up at Rs 11.2L cr in July-end
Ø  India to receive normal rains, not surplus, as La Nina chances fade
Ø  Zydus Cadila recalls over 2lakh bottles of anti-depressant drug in US

Financial Chronicle
Ø  ‘Realty law to cut litigation, ensure timely delivery’
Ø  Power tariffs to rise, as freight rate hiked
Ø  TCS settles Orange County lawsuit for $26 million
Ø  Walmart reviews cotton certification records of Welspun
Ø  Chinese firms’ bid to buy $1.5b Pakistan utility stake
Ø  Samsung, Tencent to become Asia’s most valuable firm

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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