Morning News Headlines
Economic Times
● Modi govt gives nearly 8 lakh teachers a Rs 10K crore pay hike
● 38% of India Inc will look different if Kotak's board shakeup plan goes through
● PM's panel says slowdown real, picks 10 areas
● India to send 3 lakh youth to Japan for on-job training
● Direct tax collections jump 16% to Rs 3.86 lakh cr
Business Standard
● Sun Pharmaceutical gets USFDA inspection report for Dadra facility
● Airtel plans 'Rs 1,399' 4G phone to counter JioPhone
● GIC Re IPO receives 79% subscription so far on first day
● India receives first GE locomotive under $2.5 bn deal
● Jet Airways launches non-stop Chennai-Paris flights
Mint
● GST rates on bunker fuel reduced to 5%; tax set for offshore oil, gas sales
● Lumax Industries extends gain after Ashish Kacholia buys 0.7% stake
● Global financial stability has improved, but risks ahead: IMF
● Nikkei notches 21-year closing high
● Oil & gas, infra firms to be hit by PE norms
Reuters
● IEX cancels anchor allotment to overseas investors
● Nearly 4.6 mn businesses file GSTR-1 for July
● Weak banks and corporates leave Indian economy vulnerable: IMF
● PM Modi's economic panel bats for fiscal consolidation
● Third tweak in retail sourcing norms may open floodgates for FDI
Sources : Economic Times, Business Standard, Mint & Reuters.
