India : Business News Headlines – 06 Sep 2016
Tue Sep 06 2016
Ramesh Sridharan (870 articles)

India : Business News Headlines – 06 Sep 2016

Business Standard
Ø   Tatas seek to set aside London court order
Ø  Urjit Patel assumes charge as new RBI Governor
Ø  Services growth hits 3-1/2 year high: PMI
Ø  Jio’s rates will compel Airtel, Voda to cut call costs
Ø  ‘India going to be a ‘top 3’ economy in 10 years’
Ø  UK policy may negatively impact Indians: Modi to May
Ø  Vedanta to invest Rs 3K cr to double copper capacity
Ø  Big groups refuse to burn cash, go slow on e-commerce
Ø  New date for Budget only after Acharya panel inputs
Ø  G20 determined to combat ‘populist backlash’ on trade: IMF
Ø  SIT on black money asks RBI to share info
Ø  Price overcharge: One-time settlement likely for pharma firms
Ø  Airtel could lose revenue, but may withstand Jio: S&P
Ø  Sebi seeks major changes to new KYC process

Business Line
Ø  Raghuram Rajan warns against low rates worldwide
Ø  Asia shares up as US jobs report lowers chance of Fed Sept hike
Ø  Petronet LNG net up 55% at Rs. 377 cr in June quarter
Ø  Online system to check graft in central PSUs
Ø  MRPL profit jumps 77% in Q1
Ø  Overseas roadshows for NMDC share sale begin on Monday

Ø  UTI AMC may put Rs2,000 crore stake on sale
Ø  Sebi approves PepsiCo bottler Varun Beverages’ Rs1,000 cr IPO
Ø  SoftBank faces Moody’s downgrade rating over $120 billion debt
Ø  PropTiger buys property transaction data provider PropRates
Ø  China agrees on steps toward reducing steel exports

Financial Express
Ø  Azim Premji meets Nirmala Sitharaman, discusses US visa fee hike
Ø  Bangladesh foreign exchange reserves hit record, top $31 bln
Ø  Domestic tourism expected to attract Rs 50,000 crore investment

Financial Chronicle
Ø  Eliminate safe havens, ensure extradition: PM
Ø  Uniper, IPCL join hands to spur power plants’ efficacy
Ø  Primary, secondary markets move in opposite directions
Ø  India may add 4.8 gw solar power capacity this year
Ø  States await Rs 24K cr bounty from excise on oil

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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