Economic Times 13 Aug 2015

Economic Times 13 Aug 2015

Ø  PM eyes UAE’s $800 bn fund to boost infra spending
Ø  Rajan best banker, deserves Nobel: Marc Faber
Ø  Government to sell 10 per cent stake in Coal India
Ø  Adani Ports gets shareholders nod to raise Rs 10K cr
Ø  Yuan may fall 10%; see no Fed hike in Sept: Faber
Ø  No decision yet on FDI in multi-brand retail: N Sitharaman

 Business Standard

Ø  July CPI inflation eases to 3.78%; June IIP improves to 3.8%
Ø  Govt jettisons GST, considers special session of parliament
Ø  US seeks more clarity on India's FDI stance in e-comm, defence
Ø  Adani Ports to replace NMDC in Nifty
Ø  NSEL investor petitions: Sebi probing FTIL, promoters
Ø  Ashok Leyland swings into net profit of Rs 159 cr in Q1

Business Line

Ø  Dollar drops as China’s currency devaluation raises doubts over Fed hike timing 
Ø  Tata Steel seeks safeguard, dumping duties on imports 
Ø  European shares extend sell-off on China concerns 
Ø  Nestle India ‘disappointed’ by government complaint
Ø  Steel Exchange India to acquire Lion Impex
Ø  Cabinet nod for pacts on renewable energy 

 Mint

Ø  Govt raises import duty on some steel products
Ø  Higher costs, muted realizations spoil Q1 for Coal India
Ø  IDBI Q1 net profit rises 27% toRs.135 crore
Ø  Balco to shut down rolled products business
Ø  Mah govt-backed NBFC stares at a huge NPA problem
Ø  Xiaomi ties up with Foxconn to assemble smartphones in India

Financial Express

Ø  RBI seen intervening as rupee falls to near 2-year low
Ø  Cabinet approves spectrum sharing by telcos
Ø  'Market-oriented' yuan spells more trouble for India
Ø  Sensex closes 354 points down at 27,512, Nifty closes below 8,400; realty stocks crash 5.4%
Ø  Oil refiners' stocks slump on GRM worries, inventory gains may come off

 Financial Chronicle

Ø  World economies must take note of yuan devaluation: CEA
Ø  GST can still add 0.6% to GDP growth: HSBC
Ø  USFDA says lead in Maggi within acceptable levels
Ø  Crude oil price falls augers well for India
Ø  Coal auction hits troubles, two mines go off bidding
Ø  CAG raps SAIL as its modernisation, expansion plans fail