Fri Oct 14 2016

Ramesh Sridharan (876 articles)

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India : Business News Headlines – 14 Oct 2016

Business Standard
Ø  Jayant Sinha will continue to head IFC task force
Ø  India needs $1 tn for housing, infra projects: Report
Ø  Retail inflation falls to 4.31% in September
Ø  India is Russia’s ‘privileged strategic partner’: Putin
Ø  Airtel, Voda, Idea, others denying inter-connect: Ringo
Ø  Domestic reforms to cushion India from global shocks: FM
Ø  Rosneft, two others to buy 97.4% in Essar Oil
Ø  BRICS Summit to take steps to strengthen trade
Ø  TCS net profit beats estimates in ‘unusual Q2’
Ø  NYSE listed Aetna enters Indian market with IHO
Ø  India could be at the centre of Suzuki-Toyota deal
Ø  Jubilant Life gets USFDA nod for urinary incontinence drug

Mint
Ø  Net direct tax collections up 8.95% in H1 FY17
Ø  Winter session of Parliament to begin from Nov 16
Ø  HDFC’s Rs. 500-cr bond issue opens on Friday
Ø  PNB Housing Finance gets SEBI nod for Rs. 2,500-cr IPO
Ø  Textile Ministry in favour of signing FTA with EU
Ø  Cabinet clears revision in ethanol prices for blending in petrol
Ø  ONGC, United Energy said to vie for $2 billion Chevron fields
Ø  TCS Q2 profit rises 8% to Rs6,590 crore
Ø  Unilever issues warning on India growth in September quarter
Ø  RBI allows banks to consider govt securities towards SLR calculation
Ø  RBI chief Urjit Patel warns of risks from Brexit, US elections

Financial Chronicle
Ø  Sensex cracks 439 points, Nifty settles below 8,600
Ø  Thursday’s sell-off wipes off Rs 1.66 lakh crore of BSE investors’ wealth
Ø  Government approves Rs 1,955 crore road link project
Ø  With 97% rain, India gets ‘normal’ monsoon after 3 years
Ø  Revisit 700 MHz spectrum band pricing: GSMA to govt
Ø  Marginal improvement in biz optimism for Q4: D&B
Ø  IndusInd profit jumps 26% to Rs 704 crore
Ø  Bharti’s debt to rise by $2b on spectrum buys: Moody’s
Ø  Utkarsh raises Rs 395 crore to up domestic holding

Ramesh Sridharan

Ramesh Sridharan is our Stock Market Correspondent covering events and daily movements of stock markets in Asia. He is based in Mumbai