{LONGTERMINVESTORS} News Briefing

 

Economic Times

Ø  Shah Committee report on RIL-ONGC by Aug 31
Ø  Australian Commonwealth Bank to shut down India ops
Ø  Indo-UK free trade pact likely soon: Sitharaman
Ø  Ratan Tata, Vijay Kelkar and Nandan Nilekani to set up a microfinance firm 
Ø  Airtel cuts 4G price by up to 80% to check Jio effect 
Ø  ZEE in discussion with suitors for sale of sports biz

Business Standard

Ø  Infra giants return to highways sector
Ø  Birla plans to exit low-margins business in India, abroad
Ø  Inflation leaves no room for rate cuts, says Rajan
Ø  RBI balance sheet up 12.3% at Rs 32.43 lakh cr in 2015-16
Ø  Tata Sons reaches for the sky, infuses more funds in Vistara, Air Asia
Ø  Shree Renuka Sugars to exit Brazil partially to reduce debt

Business Line

Ø  Indian Oil Q1 net rises 31% on improved margins from petrochem business
Ø  DLF Q1 profit doubles on sale of DT Cinemas
Ø  Pharma pricing body moves to recover money overcharged by firms 
Ø  Mallya deliberately didn't disclose full assets: banks to Apex court
Ø  With Harvard University, Tata's JLR hopes to soon steer fleet of driverless cars

Mint

Ø  Gautam Adani's Carmichael mine project upheld by Australian court
Ø  SBI pushing for Jyoti Structures takeover by Dubai's Amin Group
Ø  Goldman Sach subsidiary sells stake in Max Ventures
Ø  The biggest challenge in implementing Sebi's algo curbs could be Sebi
Ø  L&T Technology Services gets Sebi clearance for IPO
Ø  Reliance Jio pre-launch offer now available on Sony, Videocon phones

Financial Express

Ø  RBI concerned over weak monetary policy transmission
Ø  FSDC's sub-committee discusses global, domestic developments
Ø Government defers mega spectrum auction by 2 days to October 1
Ø  PACL case: Sebi puts on sale properties across 192 districts
Ø  NHAI awards Rs1,646-cr contract to Ashoka Buildcon, Ramky Infra

Financial Chronicle

Ø  Plea to RBI, Sebi to stop SBT-SBI merger
Ø  KNPP Unit-2 synchronised with southern grid
Ø  Jaitley wants Indo-US trade on firmer footing
Ø  India bids for Chinese investments in tourism
Ø  Prospects for Fed rate hike to drive mkt sentiment
Ø  Offshore funds, ETF witness over $5b net outflows

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