India : Business News Headlines – 07 Sep 2016
Fri Oct 07 2016
Ramesh Sridharan (870 articles)

India : Business News Headlines – 07 Sep 2016

Business Standard
Ø  ‘India look for increased capital support from WB’
Ø  Govt further relaxing FDI regime, says official
Ø  Deutsche Bank must review business model: IMF
Ø  Spectrum auction ends: Rs 65,789 cr-bids in 5 days
Ø  US oil prices top $50 a barrel for 1st time since June
Ø  Tax dept scanning IDS disclosures filed through post
Ø  Brookfield, Hiranandani in India’s biggest realty deal
Ø  NSE gets board nod to launch IPO via OFS, clears bonus shares
Ø  Lupin, MonoSol Rx sign licensing pact for pediatric products
Ø  HDFC Ltd to raise Rs 1,500 crore via bonds to augment capital
Ø  ONGC, OIL in a spot over dipping gas prices
Ø  Govt revising medical council Bill
Ø  Kotak Mahindra Bank, Canara Bank cut base rates
Ø  Tap Japan pact to cut trade deficit, says Sitharaman

Business Line
Ø  Lagarde warns against retreat from globalisation
Ø  Finance Ministry keen to present Budget on Feb 2 or earlier
Ø  Unions decry Govt rethink on widening PF coverage
Ø  Tata strikes deal with S African car hire company
Ø  FACT to resume production of fertilisers to full capacity
Ø  JSPL defaults on interest payment on NCDs

Ø  Sebi’s initial probe finds Yes Bank violated norms on QIP
Ø  Aurobindo Pharma founders to sell up to $135 million of shares
Ø  Aviva fined $10.5 million by UK FCA over outsourcing
Ø  Excess corporate debt a medium-term risk to India’s growth trajectory: IMF
Ø  Suzlon shrugs off rating suspension on $1.2 billion bank debt

Financial Express
Ø  BP gets govt nod to retail petrol, diesel
Ø  Adoption of GST poised to boost India’s medium-term growth: IMF
Ø  Pfizer to sell Hospira infusion therapy business to ICU Medical
Ø  Deutsche Bank in informal talks about raising capital: Report
Ø  Tata Teleservices to shell out Rs 4,500 crore for spectrum

Financial Chronicle
Ø  Govt considering ban on celebrities for misleading ads
Ø  ‘GST to make inter-state transactions easier’
Ø  E-com sales to touch Rs 11k-13k cr in Oct: RedSeer
Ø  Indian banks vulnerable to profit decline: IMF
Ø  Sensex trips 115 pts as profit-booking persists
Ø  India pushes for early Predator drone deal

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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