Financial News 11th April 2016

Financial News

Economic Times

Ø  GCC states set to borrow up to $390 billion by 2020: Report
Ø  India offers $20 bn investment in Iran for land & gas
Ø  DLF promoters kick off $2 billion divestment in rental arm
Ø  India, China set eyes on joint satellite constellation
Ø  15% duty on certain goods on India return after 1-year foreign stay
Ø  Japan's Rakuten may roll cart to Indian shores
Business Standard
Ø  Impact Chapter to facilitate $100 mn investments to start-ups
Ø  Govt action more radical in last 12 years, says Cairn CEO
Ø  NSEL scam: Suspicion mounts on brokers routing black money
Ø  Sun Pharma gets USFDA nod for eye inflammation drug
Ø  Chinese company offers to build irrigation projects in Telangana
Ø  Govt plans scheme for staff to invest in bank recapitalisation
Business Line
Ø  OECD calls for special meeting on ‘Panama Papers’
Ø  Sahara assets sale ‘herculean task’
Ø  Tata Power arm sells 50% in OTP
Ø  Jaitley stays firm on excise duty on jewellers
Ø  Masala bonds can be new funding source for Indian cos: IFC
Ø  UK Serious Fraud Office starts Tata Steel probe after audit
Ø  Ipca Laboratories falls to 36-month low as Global Fund stops sourcing drugs
Ø  Nuclear Fuel Complex sets new production record in 2015-16
Ø  Iran exporting 350,000 bpd oil to India, hopes for more: report
Financial Express                
Ø  Govt to use 'buying power' to procure goods at cheaper rates
Ø  Dare-devil acts of cbanks making markets crises prone
Ø  Rupee moved between 4-6% against majo
Ø  Market valuation of top-9 cos plummets by Rs 44,123 cr
Ø  Indian Railways 'Rs 8 lakh crore' infra development plan to be rolled out soon
Ø  Incentivise private players to achieve 'Housing for All': JLL
Financial Chronicle
Ø  Micromax partners Visa, TranServ for m-commerce
Ø  Negotiate with Mallya on dues: Assocham to banks
Ø  Panama Papers: Cameron makes his tax returns public
Ø  Guar prices may continue to recover on low arrivals
Ø  Barley output is stagnant despite steady demand
Ø  Recovery in earnings growth likely in 2nd half of FY17

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