India : Business News Headlines – 03 Sep 2016
Mon Oct 03 2016
Ramesh Sridharan (870 articles)

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

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

Copyright (2016) ©

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