India : Business News Headlines – 02 Sep 2016
Economic Times
Ø Ambani ushers in telecom revolution with Jio
Ø RIL wants to “dominate” highway fuel retail market
Ø Mukesh Ambani urges incumbent telcos to play fair
Ø Delhi may see 445 MW of power supply shortage
Ø 21 lakh solar certificates remain unsold
Ø ‘Independent valuations must before sale of bad loan’
Ø RIL not to withdraw arbitration against govt: Ambani
Business Standard
Ø FRBM panel may advise govt against fiscal deficit range
Ø Maruti Suzuki sales rise 12.2% in August
Ø Jio may impact profitability of existing operators, say analysts
Ø RBI widens the market for sale of stressed assets
Ø LIC would have been most valuable co in India, if listed: FM
Ø Nestle to buy medical device company Phagenesis in stages
Ø Piramal Fund Management lends Rs 2,320 cr to Lodha Group
Business Line
Ø RIL to double cracker capacity at Jamnagar refinery
Ø Mahindra auto sales jump 14% to 40,591 units in August
Ø Mukesh Ambani announces Rs. 5,000 crore start up fund
Ø Rubber Board urges growers not to scale down production
Ø HDFC to raise up to Rs. 1,000 cr via rupee denominated bonds
Ø DRL rolls out patient-centric Purple Health initiative
Mint
Ø Strike by 10 trade unions to hit banking, transport on Friday
Ø NTPC to cut power supply to BSES discoms in Delhi from Sunday
Ø HSBC sees $13 billion of RBI buying burnishing Asia’s best bonds
Ø GM recalls 22,000 units of Chevrolet Cruze in India over engine stall
Ø Reliance Jio launch erodes Bharti Airtel, Idea market value
Financial Express
Ø LIC declares one-time bonus in Diamond Jubilee year
Ø L&T Technology Services’ Rs 900 crore IPO to open on Sep 12
Ø CCI penalty on cement players credit neutral: India Ratings
Ø Investors to choose startups for funding in reality show
Ø Dropbox says 68 million user IDs stolen
Financial Chronicle
Ø Manufacturing growth at 13-month high in August
Ø Malware attacks on banking, social sites likely to rise
Ø Requirement of 50% states ratifying GST bill complete
Ø India will be fully insured with economic growth: FM
Ø Subsidised LPG rate hiked by Rs 2 per cylinder
Ø Cabinet clears Rs 500 cr fund for South East Asia
