India : Business News Headlines – 03 Sep 2016
Business Standard
Ø Govt readies plan for big-ticket stake sale in 22 PSUs
Ø Exits for Tata Group usually the last resort: Cyrus Mistry
Ø CAG may audit IDS, not individual declarations
Ø ‘Current account may stay at existing levels over 6-9 months’
Ø Coal India sees fall in sales during first half of 2016-17
Ø Nepal to make efforts to convene Saarc Summit
Ø Vedanta pays $2 bn in royalties, taxes to India in FY16
Ø Highest-ever Apr to Sept divestment proceeds at Rs 21K cr
Ø Deutsche Bank races against time to reach US settlement
Ø India ratifies historic Paris climate deal at UN
Ø ONGC, OIL making losses on natural gas production
Ø Private equity investments drop by 50% to $3.2 bn in Q3FY16
Ø NPPA approves norms for discontinuation of scheduled drugs
Ø Ashok Leyland lines up 8-10 new LCVs, to invest up to Rs 400 cr
Business Line
Ø Oil prices will see recovery on OPEC action: Fitch
Ø Industry delegation calls for cotton-fibre security scheme
Ø Spectrum auction: 700MHz band may still find no takers
Ø Half of Container Corp staff buy shares in stake-sale
Ø SEBI sees cautious growth in online commodity trading
Ø GST training: Govt faces steep climb as deadline nears
Mint
Ø Pledging PF to buy low cost homes to be reality next fiscal
Ø UK to start EU exit process before end of March: Theresa May
Ø Mahindra sales up 8% at 46,130 units in September
Ø Kotak Mahindra Bank to buy BSS Microfinance for Rs139 crore
Ø Competing commodity exchanges not good for market stability: U.K. Sinha
Financial Express
Ø ‘See 90-bps monsoon boost to consumption led by rural areas’
Ø Leather exports dip 8 % in August; exporters seek more support
Ø CIC pulls up Income Tax ‘informer’ for using RTI to earn incentives
Ø Flipkart’s ‘Big Billion Days’ begins with a bang
Ø CNG price in Delhi cut by Rs 1.40, piped gas by Re 1
Financial Chronicle
Ø Gas price cut by 18%, to hit upstream oil&gas firms
Ø ‘India must open up further to improve biz conditions’
Ø Ulip policy surrenders grow in single digits for pvt players
Ø Merc to bring in plug-in hybrids, e-vehicles in 2018
Ø Japan, India to sign N-cooperation deal in Nov: report
Ø Shahabuddin to go back to jail as SC cancels bail
