India : Business News Headlines – 08 Sep 2016
Thu Sep 08 2016
Ramesh Sridharan (870 articles)

India : Business News Headlines – 08 Sep 2016

Business Standard
Ø  S Arabia said to weigh canceling $20 bn of projects
Ø  BHEL reports 54% surge in Q1 net; stock rallies 15%
Ø  India may get 5G with the rest of the world
Ø  ONGC net profit dips 21% in April-June quarter
Ø  Holding on to pvt banks but no fresh buy: Holland
Ø  China’s state-owned banks cut thousands of jobs
Ø  GST April 1, 2017 deadline a stiff target: Arun Jaitley
Ø  NITI Aayog bats for strategic sale of 22 central PSUs
Ø  $2 bliion renewable energy fund goes in NIIF lap
Ø  CPEC projects worth $17 billion in advance stage of approval
Ø  IDFC Bank for acquisitions & fintech tie-ups to grow retail book
Ø  ICICI Pru Life gets Sebi nod for Rs 5,000-cr IPO

Business Line
Ø  DoT lobs RJio interconnection row into regulator’s court
Ø  Scaling up: Centre plans to double capacity of solar parks
Ø  UBL management backs Mallya for continuing as Chairman
Ø  Ashok Leyland agrees to part ways with Nissan
Ø  SEBI fixes daily price limit for non-agricultural commodities
Ø  Nabard to provide funds toCentre for irrigation projects

Ø  India to push for WTO trade facilitation deal in services
Ø  Tata Advanced Materials wins contract from Boeing
Ø  IOC to send fuel consignment for Tripura via Bangladesh on 9 September
Ø  Yes Bank set to launch biggest QIP of 2016
Ø  SpiceJet Q1 net profit more than doubles to Rs149 crore

Financial Express
Ø  India among priority nations in UK’s post-Brexit trade agenda
Ø  Sensex closes 52 points down at 28,926, Nifty settles at 8,922; SpiceJet, BHEL soar
Ø  Motherson Sumi Systems acquires auto business unit of Abraham and Co

Financial Chronicle
Ø  India to focus reforms on tax, banks, infrastructure: Arun Jaitley
Ø  India expects $6b investment in airports sector
Ø  Fed says US economy in good shape, wants rate hike
Ø  Parag MF to hold AGM Buffett-style
Ø  FTA negotiations with India complicated: Australia
Ø  STFC targets to double AUM in next five years
Ø  Enbridge buying Spectra in $28 billion deal

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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