India : Business News Headlines – 09 Sep 2016
Business Standard
Ø Rules may be eased for banks and NBFCs under GST
Ø Brookfield set to buy majority stake in RCom towers
Ø Gas price for ONGC may be slashed by 20%: CMD
Ø India’s net FDI inflows for FY17 likely at $35 bn: Citigroup
Ø ONGC may buy stake in GSPC’s KG basin block
Ø 4G telecom service to rake over Rs 79K cr in 4 yrs: Study
Ø Govt issues norms for time-bound closure of CPSEs
Ø President’s nod to Constitution Amendment Bill on GST
Ø Auto sector clocks robust 26% growth in August
Ø Shah panel report vindicates our stand, says ONGC
Ø US cuts anti-dumping duty on our shrimp import
Ø Volatility forces Yes Bank to defer $1 bn QIP
Ø HZL plans to double silver production in 5 years: Sunil Duggal
Ø Maruti Suzuki India to consider stock split
Business Line
Ø Adani Group, Tata Power emerge top players in solar market
Ø Just Dial gets RBI’s in-principle nod for its prepaid wallet
Ø ‘GST law is like India signing a free trade pact with itself’
Ø SAIL losses rise to Rs 536 cr in first quarter
Ø Godrej eyes smart cities projects to scale up premium locks segment
Mint
Ø Byju’s raises $50 million from Chan Zuckerberg Initiative, others
Ø Reliance Jio, Airtel, Vodafone, Idea to meet Trai over interconnecting charges
Ø Maharashtra’s mega refinery, petchem project faces land acquisition hurdle
Ø Cairn-Vedanta merger gets LIC backing
Financial Express
Ø Sensex ends 119 points up, Nifty settles above 8,950;
Ø Government may allow employees to raise New Pension System fund in stocks soon
Ø RBI cancels registration certificate of 5 NBFCs
Ø Banks can accept tax dues in cash under IDS: RBI
Ø Mahindra eyes Rs 2,600-cr incremental revenue from Ola tie-up
Financial Chronicle
Ø HP Enterprise in $8.8b deal with Micro Focus
Ø Tesla gets $300m lease credit line from Deutsche Bank
Ø ‘India among top M&A markets in emerging Asia’
Ø TCS warns financial clients delaying spending
Ø Sebi sets price bands for non-farm commodities
Ø August sees sharp rise in flows into equity MF, ELSS
