India : Business News Headlines – 16 Sep 2016
Fri Sep 16 2016
Ramesh Sridharan (876 articles)

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

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

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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