India : Business News Headlines – 22 Sep 2016
Thu Sep 22 2016
Ramesh Sridharan (876 articles)

India : Business News Headlines – 22 Sep 2016

Business Standard
Ø  US Federal Reserve keeps key rate unchanged
Ø  CAD narrows to $300mn in Q1 on import contraction
Ø  Pricing of 700 MHz spectrum band expensive: Mittal
Ø  India, China may escape worst of global environment: UNCTAD
Ø  Sebi asks NSE to take stock of possible wrongdoing
Ø  Rel Defence in talks to sell vessels to Coast Guard
Ø  IOC, GAIL to take 49% stake in Adani Group’s project
Ø  OECD sees globalisation brake on growth
Ø  Cabinet clears conversion of R&C loan into equity
Ø  Govt irked by Moody’s statement on ratings upgrade
Ø  Sebi to auction Sahara group’s 13 more land parcels
Ø  Cabinet approves closing down Hindustan Diamonds
Ø  ICICI Prudential IPO oversubscribed 10 times
Ø  Nestle seeks SC nod to destroy 550 tonnes of Maggi Noodles

Business Line
Ø  Cabinet approves Rs. 1,250 cr subsidy to BSNL
Ø  Govt extends stock limits on pulses, edible oils by one year
Ø  YES Bank invokes ₹156-crore pledged United Breweries shares
Ø  Seafood industry has a rosy future, says MPEDA chief
Ø  Steel demand likely to grow 5.3% this fiscal
Ø  Essel Propack buys out partner’s stake in JV firm

Ø  Rupee closes little changed against US dollar
Ø  Adani unveils world’s largest solar plant in Tamil Nadu
Ø  Govt set to fund eastern gas pipeline project
Ø  Suzlon plans to raise $3 billion for Australian wind farms by 2020
Ø  Cabinet approves purchase of 36 Rafale fighter jets: report
Ø  Private equity upbeat on retail commercial space in India

Financial Express
Ø  Markets in wait and watch mode ahead of US Fed outcome
Ø  Marine exports likely to rise 20% to $5.6 billion in 2016-17: Govt
Ø  NTPC gets shareholders’ nod to raise up to Rs15k cr via bonds
Ø  Tata Communications tests UHD broadcast at Singapore F1 race
Ø  SAIL eyes sales of 14.52 MT in FY’17; production of 17.16 MT

Financial Chronicle
Ø  Cabinet approves merging of Rail budget with Union Budget
Ø  Stockholding cap on pulses, edible oils extended
Ø  BOJ rate surprise lifts world stocks ahead of Fed
Ø  Federal Reserve expected to keep rates unchanged
Ø  CIL gears up for double-digit production growth
Ø  Aurobindo Pharma, Cadila recall drugs from US market

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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