India : Business News Headlines – 16 Sep 2016
Business Standard
Ø Ready to take on GST network challenge: Sikka
Ø Small & medium industries hold key to revival of exports: Sitharaman
Ø Jio seeks action against big telcos for violating MNP
Ø Rcom-Aircel venture looks to raise $1 bln for expansion
Ø Green masala bonds, others can fetch Rs 2 lakh crore
Ø ONGC inks deal to buy extra 11% stake in Russian Vankor fields
Ø Welspun sued over Egyptian towels, sheets
Ø Services exports fall 4.6% to $12.78 bn in Jul
Ø Mallya can seek Emergency Certificate to return to India: MEA
Ø FPIs holdings in Q1 FY’17 rises to $311 bn: report
Ø Moody’s to review Reliance Communications rating
Ø Textile package reforms yet to significantly boost jobs, productivity
Business Line
Ø ‘Central banks can’t sustain negative interest rates forever’
Ø Ashok Leyland, Hinduja Foundries approve merger plan
Ø Steel ind seeks extension of MIP, more products under its ambit
Ø NMDC, MOIL’s Rs. 8,400-cr buyback offers to open on Sept 19
Ø UNIDO-MNRE project pushes for new solar thermal tech in industries
Mint
Ø Rupee devaluation rumours pull currency down to two-week low against US dollar
Ø SC asks Parsvnath to deposit Rs12 crore with court in four weeks
Ø Nirma raises Rs4,000 cr debt to fund Lafarge India assets deal
Ø SBI deposit rates cut by up to 25 bps
Ø Weaker realisations weigh on CIL
Financial Express
Ø Sensex closes 41 points up at 28,412, Nifty settles above 8,740;
Ø India likely to sign $8.84-bn Rafale deal with France for 36 fighter jets on Sept 23
Ø Inefficiency in railway cost structure leads to losses: Niti Aayog
Ø Sugar prices may touch Rs 50 per kg in near-term
Financial Chronicle
Ø Interest rate cycle bottoming out: Ind-Ra
Ø India’s salary growth at 0.2%, GDP gain of 63.8% since 2008
Ø Govt expects record foodgrains output this year
Ø Gold imports dip 77% to $1.11 bn in Aug
Ø Apollo Tyres eyes to double its TBR segment
