{LONGTERMINVESTORS} News Briefing

 

*Economic Times*

· FIPB clears FDI proposals worth Rs 643 crore

· Africa visit aimed at enhancing ties with Africa: PM Narendra Modi

· ITC ropes in Sanjay Singal of Dabur for food business

· Reliance AIF to raise Rs 1,000 crore for realty investments

· Ferrero overtakes Nestle in India chocolate revenues

· Reverse e-auction for power projects in the pipeline

· Maruti Ciaz crosses 1 lakh cumulative sales milestone

· Pininfarina to develop new product under own brand under Mahindra

· BFIL may raise Rs 10,000 crore in FY17 to meet credit demand

· Banking sector faces stress due to 'stalling' in 2011-13: SBI Chairman Arundhati Bhattacharya

· Yeldi gets semi closed wallet licence from RBI

· Emaar PJSC plans to raise stake in MGF joint venture to over 74%

· JK Paper makes offer to buy 2 units of BILT Graphic Paper

· Mines Ministry mulls hiking aluminium import duty

· Claris gets USFDA nod for anti-bacterial infections injection

· Aditya Birla Fashion to acquire Forever 21 in India for $26 mn

· Marriott opens Fairfield in Lucknow, to open six more hotels by the end of 2016

· Twitter ropes in Facebook veteran Bret Taylor to revive fortune

· All telcos fail call drop test in Darjeeling & Sikkim; Telenor 2G sole to pass in Ranchi: TRAI

· Reliance Lyf smartphones get 25% price drop

· Vodafone emerges as frontrunner for buying out Telenor's operations in India

*Live Mint*

· Seventh Pay Commission: Central govt employees unions defer July 11 strike

· Mahindra to use Pininfarina branding for luxury products

· Essar Ports to remodel business, invest Rs3,000 crore in LNG terminal

· Mahindra restructuring two-wheeler business: Pawan Goenka

. India topped domestic air passenger growth globally in 2015: IATA

· June quarter saw global economic growth at lowest since 2012

· New mines minister Piyush Goyal seeks to raise mineral output

*Business Line*

· Centre weighs in with ₹90,000 cr to pump-prime the economy

· Abbott wins drug regulator's nod to sell absorbable stent in US

· Petronet LNG plans a ₹5,000-cr terminal in Bangladesh

· Broadcasters eye sports content for digital reach

· GIPCL receives LoI for solar project

· Vedanata to plant 13,000 saplings around their mining operations in Goa

· BSH Home Appliances to raise production capacity

· Claris gets USFDA nod for Tobramycin injection

· Coal India joins buyback bandwagon

· BookMyShow raises ₹550 cr in round led by US co Stripes

· Shift from BS-III to BS-IV fuel will have dramatic impact: Tata Motors

· Aurobindo to launch 7 products in US this quarter

· John Deere ups focus on smaller tractors

*Business Standard*

· Lafarge India bidders in London for final negotiation

· H&M India will boost staff strength to 1,000 by year-end

· Now, Ringing Bells looks to launch LED TV for ~10k

· Flipkart on consumer focus overdrive, blacklists sellers

· L&T Infotech says will continue with fresher hiring, but level of scrutiny to go up

· Essar Projects bags contract for IOC pipeline replacement 

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