Market buzz on May 27, 2016
Business Standard
Ø India's growth to rise to 8% in FY2019: Fitch
Ø FPIs' holding in BSE-200 cos drops to $291 billion
Ø Jaitley keeps options open on extension of Rajan's term
Ø Jet Airways posts first annual profit after 8 years
Ø Exporters can be put on caution list on ED, CBI action: RBI
Ø Oil to cross $70 within next 12 months: Geosphere
Ø Torrent Pharma in talks to buy Glochem for Rs 300 cr
Ø ONGC Q4 net rises 12% to Rs 4,416 cr
Ø Investor wealth surges by over Rs 2.69 lakh cr in 3 days
Ø Rains might make delayed entry and a splash thereafter
Ø India could lose $49 billion in GDP by food price shock: UN
Ø FinMin, RBI form committee to boost cashless transaction
Ø India's bankruptcy law positive for banks: Moody's
Ø BPCL net profit falls 10.6%
Business Line
Ø Bread manufacturers to voluntarily withdraw use of potassium bromate as food additive
Ø Gujarat rolls back 5% VAT on industrial salt
Ø Cotton body pegs output lower at 341 lakh bales on crop damage
Ø Godrej's Rs. 200-cr capacity expansion to focus on premium products
Ø 'New bankruptcy code is credit positive for banks, but challenges remain'
Mint
Ø Raghuram Rajan warns of China slowdown threat to global economy
Ø Snapchat raises $1.81 billion in new funding round
Ø Karnataka clears investment proposals of Biocon, PepsiCo and Manyata Promoters
Ø Zomato scales back operations in overseas markets
Ø Patanjali rapped for false and misleading advertisements
Ø India Cements March quarter profit rises 40% to Rs51.21 crore
Financial Express
Ø Stock markets at 2016 closing high, Sensex ends 485 points up, Nifty settles at 8,070
Ø Govt approves over Rs 5,530 cr for infra boost in 111 cities
Ø Labour reforms not essential for industrial growth: Jaitley
Ø SIDBI profit declines by 17 percent to Rs 1,177 cr in FY'16
Ø Nirmala Sitharaman exhorts Bahrain to ramp up investments in India
Financial Chronicle
Ø Pranab lists 8 steps to resolve issues between India, China
Ø Good policy essential to India's stability: Rajan
Ø Sebi bans wilful defaulters from markets
Ø Fortis board to consider SRL demerger; Q4 loss at Rs 91 cr
Ø 'India's installed solar capacity reached 6gw in six yrs'
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