Thursday, 7 July 2016

{LONGTERMINVESTORS} News Briefing

 

Economic Times

Ø  Finance giants, PEs & tech cos eye GE's SBI Card stakes 
Ø  5 PEs in race for 10% stake in Hero FinCorp
Ø  DLF shortlists 6 buyers for promoters' 40% stake
Ø  No world recession from Brexit but risks high: IMF
Ø  RBI notifies rates for small saving schemes for Q2
Ø  DoT to issue Rs 12,488 cr notice to Vodafone, Airtel
Ø  'Don't give Britain single market access at any price'
Ø  'Need to amend Act to effect 74% FDI in pvt security agencies'
Ø  RBI Central Board discusses macro-eco developments, MPC

Business Standard

Ø  BILT's $500-mn deal to sell Malaysian arm falls through
Ø  Experts prefer calendar year as new financial year
Ø  Labour Ministry in favour of raising EPFO's investment in ETFs
Ø  Vehicle recalls to come under strict scrutiny
Ø  Women's participation in labour market declining in India: ILO
Ø  Largest British trade union warns Tata against 'fire sale' of specialty unit
Ø  PSU Banks remain laggards in selling mutual funds
Ø  FIPB rejects Flag Telecom's proposal to set up arm

Business Line

Ø  Fed minutes suggest rate hikes on hold until Brexit impact clearer
Ø  S&P warns of possible downgrade to Australia's coveted rating, cuts outlook
Ø  Recovery in sales to continue for India Inc in Q1
Ø  Reliance Jio debt issue gets record bids
Ø  BGR Energy bags Rs. 2,300-cr contract from APGENCO

Mint

Ø  Taro CEO Kal Sundaram to return to Sun Pharma
Ø  Sebi wants better algo trading, more accountable bond rating
Ø  Reduction in loan rates unlikely despite drop in borrowing costs
Ø  Vijay Mallya set to appear at F1 press conference on Friday
Ø  Amazon India invests in six new fulfilment centres
Ø  Rupee closes stronger against US dollar at 67.40; bond yield at over 3-year low

Financial Express

Ø   Sensex, Nifty end flat; Lupin, NBCC (India) shares surge
Ø  L&T wants to be 'number-one' in IT biz: A M Naik
Ø  Govt mulling raising FDI cap in newspapers, periodicals
Ø  Govt may extend tax payment deadline for black money scheme

Financial Chronicle

Ø  Modi visit will cement India-SA ties: South Africa FM
Ø  IMF sees Pakistan's currency overvalued by 20%
Ø  EU to probe rise in Russian, Brazilian steel imports
Ø  India is one of the focus markets for Caterpillar'
Ø  Two-wheeler industry set to adopt alternate technology

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