Economic Times Headlines 26 Aug 2015

Economic Times Headlines 26 Aug 2015

Economic Times

Ø  No basis for continued yuan downturn: China Premier
Ø  Global market turmoil a big opportunity to grow: FM
Ø  Government to infuse Rs 5,393 crore in SBI
Ø  Majority in RBI's advisory panel favoured rate cut in August
Ø  ONGC seeks extension to explore Vietnam oil block
Ø  Govt to name 'systemically important' banks soon: RBI
Ø  Cabinet note moved on monetary policy panel

Business Standard

Ø  China cuts rates, reserve ratio after stocks plummet again
Ø  Government pushes for GST but gets little comfort
Ø  Rana Kapoor gets fresh 3-year term as Yes Bank chief
Ø  India in strong position to overtake Chinese quicker: Subramanian Swamy
Ø  Bosch & Siemens aims to consolidate in India
Ø  L&T wins orders worth Rs 1,563 cr in July & August

Business Line

Ø  Japan ready to act if needed to quell market swings
Ø  NSE harnesses wind energy for captive power usage
Ø  China says will crack down on underground banks, stem capital flight
Ø  US envoy calls for joint efforts to ensure food security
Ø  MCX inks pact with GIFT City to set up intl exchange
Ø  Sadbhav Infrastructure IPO opens on Aug 31

Mint

Ø  Global stocks, dollar rise after China cuts rates
Ø  India ranks 9th in Brookings financial inclusion scorecard
Ø  Home sizes shrink in urban India; Mumbai sees 26.4% fall in 5 years
Ø  Debt-laden companies sink in the turmoil
Ø  Jain Irrigation to sell food unit to its subsidiary
Ø  PNB, IDBI not to sell bad loans to ARCs

Financial Express

Ø  Sensex snaps 3-day losing streak, closes 291 points up
Ø  Global economy not at risk of recession despite China weakness: Goldman Sachs
Ø  SBI chief does payment banks U-turn, sees 'opportunity'
Ø  ITC denies receiving notice from UP government on excess lead in Yippee noodles
Ø  Britain to crack down on illegal working by migrants

Financial Chronicle

Ø  RBI rate cut hinges on yuan devaluation, Fed action
Ø  Stock rout costs China's richest man $3.6b in one day
Ø  South Indian Bank to replace Crompton in Nifty Midcap 50
Ø  Marico eyes 10% growth with focus on core business
Ø  Suzlon commissions wind power project for NSE
Ø  Gold corrects as rupee gains


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