Economic Times Headlines 27 Aug 2015

27 Aug  2015

Economic Times

Ø  $354-bn forex war-chest too small to fight a crisis: Kaushik Basu
Ø  Govt nods royalty payment to states on oil production
Ø  NYSE invokes Rule 48 for market open in anticipation of volatility
Ø  India can tide over China-driven crisis, says Chanda Kochhar
Ø  Developers allowed to divest 100% equity in road projs
Ø  Trading in Sterling Holidays to be discontinued from Aug 31
Ø  India, UAE launch forum to evaluate business opportunities

Business Standard

Ø  Govt may pare stakes in some banks to 33%
Ø  3 stocks account for 1/3 of 2,200-point Sensex fall in 1 week
Ø  Tata Capital to raise $1 bn for second corpus across 3 funds
Ø  MMRDA sanctions Rs 35,400 cr for 118-km Mumbai metro network
Ø  IOCL's ratings unaffected despite stake sale: Fitch
Ø  Sun TV Network enters into deal with HOOQ to share its library
Ø  Credai to come up with their own data for real estate sector

Business Line

Ø   PBOC injects 140 bn yuan via short-term liquidity operations
Ø  Long way to go for India to become global growth engine: Rajan
Ø  Pakistan’s economy facing existential crisis, says report
Ø  China to restrict stock index futures trading to curb speculation
Ø   Natural rubber prices skid to 6-year low on China-led rout
Ø  Rajat Gupta files appeal to overturn insider trading conviction

Mint

Ø  Raghuram Rajan says not in favour of devaluing rupee: report
Ø  Airtel acquires Augere Wireless in 4G push
Ø  L&T Infotech to file draft IPO papers by early September
Ø  Analysts wary as Ashok Leyland aims to double export revenue
Ø  Ultratech Cement said to be near deal for Jaiprakash plant in Bhilai
Ø  NTPC worried as SEBs’ payment security mechanism set to lapse

Financial Express

Ø  Sensex falls 318 points, Nifty ends below 7,800
Ø  Icra sees NPAs jumping to 5.9% by March from 4.4% in FY15
Ø  Commodities price crash could give big push to infrastructure projects
Ø  China probing brokers, regulators for possible stock crimes.

Financial Chronicle

Ø  Cairn to invest Rs 1,400 cr to raise oil, gas carrying capacity
Ø  Apollo Tyres closes 300m euro financing for Hungary plant
Ø  Mahindra to invest Rs 700 cr to become full range CV player
Ø  L&T bags Rs 864-cr order from Qatar's KAHRAMAA

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