India : Business News Headlines – 26 Aug 2016
Business Standard
Ø SBI and ICICI Bank “too big to fail” for second year in a row
Ø RBI asks banks to strictly comply with crop insurance scheme
Ø Russia becomes top wheat exporter to the world
Ø Govt to transfer PMAY funds directly to beneficiaries
Ø Liquidity shifting from EU to EM: Ridham Desai
Ø Jio extends free trial offer to Gionee, Karbonn owners
Ø BoB’s total business takes Rs 90,000-cr hit in FY16
Ø RBI allows banks to raise Masala bonds, opens up currency market
Ø Decks cleared to shut down 7 PSUs
Ø Ajay Piramal, Venu Srinivasan join Tata Sons’ board
Ø SBI, ICICI continue to be systemically important: RBI
Ø IDBI Bank opts for AT-1 bonds to raise Rs 1,500 cr
Ø Insurers to file compliance to investment norms from Mar2017
Ø Bloomberg acquires Barclays Risk Analytics
Business Line
Ø HDFC to issue NCDs worth Rs. 500 cr on Friday
Ø IOC to consider bonus shares issue
Ø Natco Pharma gets EIR from USFDA for Chennai facility
Ø ITC sues Britannia for allegedly copying biscuit packaging style
Ø Welspun to appoint external auditor to look into alleged supply lapses
Ø Gems, jewellery exports up 12% in April-July
Mint
Ø RBI says large firms have to pay more for bank loans, starting FY18
Ø Kingfisher Airlines brands fail to find buyers for the second time
Ø Brokerages lower growth outlook for IT sector
Ø Asia-Pacific beats North America in fintech investment: report
Ø Uber is said to lose at least $1.2 billion in first half of 2016
Ø Power, port assets to be included in Essar-Rosneft deal
Financial Express
Ø Sensex slips 224 points on F&O expiry, Nifty settles below 8,600;
Ø Vodafone India to delay IPO filing until towards end-2016 – IFR
Ø EMA accepts Mylan, Biocon Trastuzumab biosimilar for review
Ø IndiGo seeks shareholder nod to up borrowing cap to Rs 20k cr
Ø Patanjali becomes 3rd largest FMCG seller at Future Retail
Financial Chronicle
Ø Back to licence raj, stock limit on sugar mills likely
Ø MFs asset base from B15 cities up 19% to Rs 2L cr
Ø IOC to invest Rs 650 cr in Tripura, send tankers via Bangladesh
Ø India attracts $339 million fintech investments
Ø Fed eyes public spending to plug $1t investment gap
Ø Pfizer to buy antibiotics business from AstraZeneca
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