India : Business News Headlines – 03 Sep 2016
Mon Oct 03 2016
Ramesh Sridharan (876 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

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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