India : Business News Headlines – 06 Sep 2016
Tue Sep 06 2016
Ramesh Sridharan (877 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

Mint
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

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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