Morning Business News Round Up_August 12,2016

Morning Business News :

  • Customer not liable if fraud due to bank’s fault: RBI
  • Merger not to fund Idea Cellular for battle with RJio: KM Birla
  • CIL asks govt to levy environment tax on pet coke
  • Niti Aayog identifies SAIL units for strategic sale: Govt
  • Govt plans to utilise landbanks of public sector enterprises
  • Liquor cos lost $4 bn last year for prohibition and GST
  • Aditya Birla Gr rejig not favourable for shareholders
  • UTI AMC gets majority nod for listing
  • Aditya Birla Nuvo to merge with Grasim
  • RBI faced pressures from govt for cutting rates: Subbarao
  • 95% utilisation certificates not submitted by Goa govt: CAG
  • BoB Q1 down 60% on higher provisions for NPAs
  • No shortage of coal; 23 days stock available for power plants
  • US ambassador calls for globalisation of Indian legal sector
  • Nine merchant bankers in fray to manage HUDCO stake sale
  • Bridgestone enters two-wheeler tyre segment in India

  • India, US fated to be strategic partners: think tank
  • Hero MotoCorp promoter entity sells shares worth ₹ 1,910 cr
  • Escorts shares zoom 17% as Co divests auto parts business
  • MRF reports marginal rise in first-quarter net
  • RBI raised forex interventions under Raghuram Rajan
  • Jyothy Lab Q1 net earnings up by 78%
  • Bank of Baroda Q1 profit falls 59.74% to Rs423 crore
  • Cabinet approves liberalization of FDI norms for NBFCs
  • IDBI Bank Q1 net profit rises 78% to Rs241.10 cr on tax write-back
  • Sensex ends 85 points up in volatile trade, Nifty settles above 8,590;
  • ArcelorMittal-SAIL JV to be operational by December
  • Power generation up 7.13 % in April-June at 391 billion units
  • COAI seeks PMO intervention on Trai’s “unfair” policies
  • Numaligarh Refinery plans $3 bln expansion to treble capacity
  • Premji, Nadar in Forbes list of 100 richest tech tycoons
  • Global gold demand up 15% in Q2 2016: WGC
  • Amendment to Companies Act to ease fund flow: FM
  • Australia blocks foreign bids for Ausgrid
  • RBI transfers Rs 65,876 cr surplus to govt
  • China mobile makes $9.1 billion profit in H1

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