India : Business News Headlines – 31 Aug 2016
Wed Aug 31 2016
Ramesh Sridharan (877 articles)

India : Business News Headlines – 31 Aug 2016

Business Standard
Ø  SWIFT discloses more attacks on banks by hackers
Ø  Indian economy to grow at 7.8% in 2016-17: Survey
Ø  Oil and Gas Ministry seeks uniform taxes on LPG
Ø  Black money: 300% rise in I-T Dept raids, seizures
Ø  GST, reforms to boost India’s growth: FM to US CEOs
Ø  Chile breaks Dubai’s record of solar power at low cost
Ø  Govt approves Rs 7,457 cr highway projects in 11 states
Ø  Chinese firms invested $2.3 billion in 3 months in India
Ø  EU crackdown on multinational tax deals
Ø  Need to provide more capital to PSBs to deal with NPAs: RBI
Ø  Green panel clears SAIL’s Rs 5,419-cr modernisation plans
Ø  Sebi warns investors about schemes offering prize money
Ø  Rcom evaluating options regarding 700 MHz spectrum
Ø  Sebi asks commexes to register traders for price dissemination service

Business Line
Ø   DLF shortlists bidders for stake sale in rental assets arm
Ø  Trade unions stick to Sept 2 strike, reject govt’s wage hike
Ø  EU orders Apple to pay up to 13 bn euros tax to Ireland
Ø  NTPC Koldam hydro project achieves 107% capacity utilisation
Ø  RCom to offer 300 minutes of 4G calling at Re 1
Ø  Oil prices rise as dollar comes off 2-week high

Mint
Ø  Govt to amend norms for fixing drug prices
Ø  BSE 500, mid-cap indices scale record high
Ø  India-US nuclear deal: Time to yield concrete results, says John Kerry
Ø  Aircel Cellular moves SC against Madras HC decision on spectrum charge
Ø  Moody’s concerns could thwart GMR’s stock from take off
Ø  Our focus area is small and medium sector: Microsoft’s Pramanik

Financial Express
Ø  Airtel, Vodafone, Idea cut tariff, bundle plans ahead of Reliance Jio entry
Ø  Sensex jumps 440 points on global cues, corprate earnings; Nifty hits 16-month high
Ø  RBI allows foreign investors higher holding in Ultra Tech
Ø  Indian rupee gains 15 paise to close at 67.03 against US dollar

Financial Chronicle
Ø  Industry pitches for 18% GST, exemptions for e-comm players
Ø  India, US sign logistics pact to cement defence ties
Ø  IOC raises oil import from Iran to 5 MT for FY’17
Ø  Offshore funds, ETF witness over $5b net outflows
Ø  Cipla gets USFDA nod for generic anti-depressant drug
Ø  India-Myanmar scale up ties in China’s shadow

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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