Business Headlines dt.01/09/2015

Business Headlines dt.01/09/2015

Business Standard
Ø  GDP growth dips to 7% in Apr-June: Experts' take 
Ø  July core industries growth slows to 3-month low 
Ø  RBI identifies SBI and ICICI Bank as systemically important banks in India 
Ø  August records monsoon deficiency of 22%
Ø  Govt allows RIL to sell LPG to private marketers
Ø  Oil falls back below $49 as glut, China concerns weigh
Ø  CBDT issue guidance notes on FATCA implementation

Ø  Investors turn wary over JPMorgan redemption cap
Ø  India Inc borrows less via ECBs due to volatile rupee
Ø  April-July fiscal deficit at 69% of annual target
Ø  Petrol price cut by Rs 2/ltr; diesel by Rs 0.50
Ø  Govt to soon allot 62 offshore mineral blocks for mining
Ø  HDFC Bank cuts base rate to 9.35%
Ø  Axis Bank cuts deposit rates by 50 bps
Ø  August sees highest monthly FII outflow ever
Business Line

Ø  India pitches for rating upgrade by S&P on strong macroeconomic data
Ø  Liquidity enhancement schemes for ETFs from Sept 15
Ø  One month to go for US deadline on ICD-10 medical coding system
Ø  Godrej makes open offer to buy 26% more in Astec Life at Rs. 246.6/share
Ø  Strides completes acquisition of Aspen’s generic biz in Australia 

Financial Express
Ø  PSU banks must use govt capital to expand balance sheets: RBI official
Ø  Sebi wants MF players to be prudent while putting money in corporate bonds
Ø  DII investment in stocks in August highest in over six years
Ø  JSW Energy in talks to recastRs.6,000 crore debt under 5/25 scheme
Ø  Punj Lloyd wins Rs1,094 crore contract from Indian Oil
Ø  ITC to enter dairy market with ghee

Financial Chronicle
Ø  Sensex ends 109 points down at 26,283, Nifty closes below 8,000; 
Ø  Analysts slash BSE Sensex, NSE Nifty targets citing earnings recovery delay
Ø  Japan factory output turns down in July as China demand slumps
Ø  US extends anti-dumping duty on Indian preserved mushrooms for five years 

Ø  Hope RBI takes note of low inflation, oil prices: Jaitley
Ø  L&T wins Rs 1.5k cr water supply project
Ø  Govt plans to amend RBI Act by Feb to set up monetary panel
Ø  Reliance Group to expand business cooperation with Qatar
Ø  Suzuki Motor to buy back Volkswagen stake as court settles feud

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