{LONGTERMINVESTORS} News Briefings

 

Economic Times

Ø  Tatas approach sovereign funds to buy Mistry's stake
Ø  Set for a long legal battle, Mistry hires top lawyers to take on Tata
Ø  GMR wins $270 mn in Maldives arbitration case
Ø  Cabinet gives in-principle nod for strategic sale of PSUs
Ø  'Tata Steel's UK divestment, JV plan on track'
Ø  PNB Housing IPO sees 30 times oversubscription
Ø  India looks to cut tariff concessions on Chinese goods

Business Standard

Ø  MMTC ties up with banks to sell Indian Gold Coin
Ø  US charges 61 in India-based call center fraud racket
Ø  Maruti clocks record Rs 2,398-crore quarterly profit
Ø  India must rapidly urbanise over next 20 years: Arun Jaitley
Ø  Cairn India to invest $100 mn in Rajasthan gas fields
Ø  TVS Motor to launch BMW-based platform two-wheeler
Ø  Govt to shut HMT tractor unit, pay staff pending dues

Business Line

Ø  Sun Pharma to acquire Ocular Technologies
Ø  PSBs weigh proposal to convert Rs. 10,000 cr loans to AI into equity
Ø  Service tax dept to auction Mallya's aircraft next month
Ø  Sugar Control Order extended by 6 months
Ø  MRF profit tumbles 14% on weak sales
Ø  Over 1,300 fresh FPIs register with SEBI in April-Aug

Mint

Ø  Rural revival raises its head in demand for automobiles
Ø  RBI spells out rules for start-ups to raise ECBs
Ø  Tata plea to stall auction of Taj Mahal Hotel in New Delhi rejected
Ø  United Spirits Q2 profit up 15.8% to Rs82.54 crore
Ø  Qualcomm to buy NXP Semiconductors in $47 billion deal
Ø  Hero MotoCorp invests Rs205 crore for up to 30% stake in Ather Energy

Financial Express

Ø  Sensex ends 255 points down, Nifty settles below 8,620;
Ø  Tech Mahindra Q2 net profit drops 17.5% to Rs 643 cr
Ø  JSW Steel posts multi-fold jump in Q2 profit at Rs 726 cr
Ø  Tata ousted Cyrus Mistry on trust deficit with biggest shareholder
Ø  Growth rebound in US masks demand picture that's not as bright

Financial Chronicle

Ø  Tata needs to be lauded for making Nano: Maruti chief
Ø  HUL net jumps 11.54% to Rs 1,095.6 crore
Ø  Tata group cos lose over Rs 26k cr in m-cap in 3 days
Ø  Tata Motors passenger vehicle sales up 10% in Q2
Ø  Srei launches platform for renting, selling equipments
Ø  Tata Steel responds to BSE, NSE on 18-b dollar 'write-down' 

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