India : Business News Headlines – 02 Sep 2016
Fri Sep 02 2016
Ramesh Sridharan (877 articles)

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

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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