2 Sep 2016

Financial news Report 2 Set 2016

Business Standard

Ø  Ambani ushers in telecom revolution with Jio 

Ø  RIL wants to “dominate” highway fuel retail market

Ø   Mukesh Ambani urges incumbent telcos to play fair

Ø  Delhi may see 445 MW of power supply shortage

Ø  21 lakh solar certificates remain unsold

Ø  'Independent valuations must before sale of bad loan'

Ø  RIL not to withdraw arbitration against govt: Ambani

Ø  FRBM panel may advise govt against fiscal deficit range

Ø  Maruti Suzuki sales rise 12.2% in August

Ø  Jio may impact profitability of existing operators, say analysts

Ø  RBI widens the market for sale of stressed assets

Ø  LIC would have been most valuable co in India, if listed: FM

Ø  Nestle to buy medical device company Phagenesis in stages

Ø  Piramal Fund Management lends Rs 2,320 cr to Lodha Group

Business Line

Ø  RIL to double cracker capacity at Jamnagar refinery

Ø  Mahindra auto sales jump 14% to 40,591 units in August

Ø  Mukesh Ambani announces Rs. 5,000 crore start up fund

Ø  Rubber Board urges growers not to scale down production

Ø  HDFC to raise up to Rs. 1,000 cr via rupee denominated bonds

Ø  DRL rolls out patient-centric Purple Health initiative


Ø  Strike by 10 trade unions to hit banking, transport on Friday

Ø  NTPC to cut power supply to BSES discoms in Delhi from Sunday

Ø  HSBC sees $13 billion of RBI buying burnishing Asia’s best bonds

Ø  GM recalls 22,000 units of Chevrolet Cruze in India over engine stall

Ø  Reliance Jio launch erodes Bharti Airtel, Idea market value

Financial Express               

Ø  LIC declares one-time bonus in Diamond Jubilee year

Ø  L&T Technology Services' Rs 900 crore IPO to open on Sep 12

Ø  CCI penalty on cement players credit neutral: India Ratings

Ø  Investors to choose startups for funding in reality show

Ø  Dropbox says 68 million user IDs stolen

Financial Chronicle

Ø Manufacturing growth at 13-month high in August

Ø  Malware attacks on banking, social sites likely to rise

Ø Requirement of 50% states ratifying GST bill complete

Ø  India will be fully insured with economic growth: FM

Ø  Subsidised LPG rate hiked by Rs 2 per cylinder

Ø  Cabinet clears Rs 500 cr fund for South East Asia

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