Fri Aug 26 2016

Ramesh Sridharan (876 articles)

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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

Ramesh Sridharan

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