Here is a glimpse of the important Market News from today morning across several business newspapers: –
Economic Times – Business Standard
- No relevance between CRR & cheaper loans: Rajan
- Government forms panel for Sebi-FMC merger
- SBI, HDFC Bank & ICICI Bank take lead in cutting base lending rates
- REC stake sale tomorrow; floor price at Rs 315/share
- S&P downgrades Vedanta Resources Rating to ‘BB-‘
- RBI allows cos to sell rupee-denominated bonds in overseas markets
- Demand notices on FIIS not retrospective, says government
- Solar power cost to come down to Rs 4.50/unit by Dec
- Rajan holds rate; banks bow to RBI pressure
- Cabinet clears Bill to regulate real estate
- Govt may wind up BRPSE, constitute new entity for sick PSUs
- CCEA nod to over Rs 4K cr foreign investment in 2 pharma cos
- RIL’s MJ-1 discovery may hold 1.4 Tcf of gas resources
- 10 year old diesel vehicles and 15 year old petrol vehicles banned in NCR by green tribunal
- Sebi wants exchanges, others to have robust cyber security net
- Rural BPOs may get up to 50% subsidy
Business Line – Mint
- HC rejects Chinese consortium’s plea; upholds contract to BHEL
- Dr Reddy’s files new drug application with USFDA
- US Fed’s moves won’t have much impact on policy stance: Rajan
- Govt invites foreign pension funds to pump in finance in infra sector
- Centre open to relaxing quality norms for procuring rain-hit wheat
- Essar Power generates 23% more electricity at Salaya plant
- CCEA approves highway projects worth Rs9,500 crore
- RBI eases lending norms for micro-finance companies
- Govt hikes DA by 6% for its employees, pensioners
- dani defends Queensland mine project in Australian court
- HCC launches QIP issue to raise about Rs400 crore
- Vodafone’s $4 billion tab for airwaves endangers ratings
- Halliburton, Baker Hughes pull out of OVL’s Russian oil, gas fields
Financial Express – Financial Chronicle
- RBI policy fails to cheer markets; Sensex ends flat
- Investors tap long-term debt funds on rate cut hopes
- Supreme Court rejects Kingfisher’s plea challenging Rs 372 cr TDS demand by I-T
- SpiceJet to wet lease three Boeing 737 aircraft
- RBI pins hope on normal monsoon; expects inflation at 4% by August
- No Rafale sale announcement before Modi’s visit to France: Hollande
- Suzuki to focus on niche bikes, eyes 5L sales in India in FY16
- BSE to shift 41 cos to restricted trade; NSE to move 8
- Wheat production likely to decline by 4-5%: Agri min
- Canada sells its multibillion-dollar stake in General Motors
