BS Reporter
BS Reporter
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Prabhat Dairy IPO sails through despite market turmoil
Weak demand forced firm to trim issue size, price; question mark over further issuance in the short term
 "Prabhat Dairy IPO sails through despite market turmoil")
Kharif area shows slight uptick
Monsoon starts withdrawing from northwest, complicating projections for kharif output
 "Kharif area shows slight uptick")
Moody's Analytics projects uptick in industrial growth to 4% in July
This is despite the fact that the production in eight core sector industries grew at a three-month low of 1.1% in July
 "Moody's Analytics projects uptick in industrial growth to 4% in July")
Forex reserves fall by $3.43 bn to $351.92 bn
Slide due to central bank's intervention for correcting volatility in rupee
 "Forex reserves fall by $3.43 bn to $351.92 bn")
Govt to extend social benefits under Jan-Dhan Yojana: Jaitley
Says next step is to utilise the new accounts for extending insurance, pension, and credit facilities
 "Govt to extend social benefits under Jan-Dhan Yojana: Jaitley")
Negative price growth a serious concern: Chief Statistician
The WPI-based inflation continued its negative trend for the eighth consecutive month at negative 2.4% in June
 "Negative price growth a serious concern: Chief Statistician")
IMF says room for RBI to cut rates, but warns about risks to inflation
Says near-term growth prospects remain favourable and external vulnerabilities have decreased
 "IMF says room for RBI to cut rates, but warns about risks to inflation")
No change in SP's stand as Lalu, Sharad reach out to Mulayam
Party peeved at being offered just five of 243 seats, that too after NCP walked out of alliance, while Congress got 40 seats
 "No change in SP's stand as Lalu, Sharad reach out to Mulayam")
Trai seeks stakeholders' views on call-drop compensation
Says investment has not kept pace with the usage
 "Trai seeks stakeholders' views on call-drop compensation")
Rural women get access to Facebook office
First batch of 10 SHG reps trained in basics of Facebook platform, taught how to use Facebook to promote their products online
 "Rural women get access to Facebook office")
Sergey Savchenko to be new CEO of SSTL
The move was necessitated as current CEO Dmitry Shukov resigned from the firm
 "Sergey Savchenko to be new CEO of SSTL")
Ola's Driver Mela in Partnership with Car Manufacturers
Mela is a one-stop solution for driver entrepreneurs planning to join the Ola platform
 "Ola's Driver Mela in Partnership with Car Manufacturers")
Steel units in Odisha seek priority in iron ore auctions
Justify demand saying they have invested Rs 2 lakh cr in the state and employ one milliion people
 "Steel units in Odisha seek priority in iron ore auctions")
Investment in pending in Tamil Nadu increased by Rs 2,61,709.92 crore from April 2011-June 2015
FDI into the state increased by two times compared to 2000-2011 level
 "Investment in pending in Tamil Nadu increased by Rs 2,61,709.92 crore from April 2011-June 2015")
Top US companies to participate in TN's Global Investors Meet
Amway, Ford, IMB, General Electric and Uber among some of the firms that will be present
TN attracts Rs 2.088 crore in first six months of fiscal year
This comes prior to the Global Investors Meeting 2015 to be held to attract Rs 1 lakh crore investment
 "TN attracts Rs 2.088 crore in first six months of fiscal year")
MF recommendations by the committee on mis-selling
Committee suggests abolition of upfront commission and removal of extra commissions in B-15 cities
 "MF recommendations by the committee on mis-selling")
Commerce Ministry prefers multilateral pacts to help exporters get levelplaying field
To hold stakeholders meet on review SEZs operations in India
 "Commerce Ministry prefers multilateral pacts to help exporters get levelplaying field")
GVK Hancock welcomes court ruling
Court rejects appeal against environmental nod for company's Alpha Coal Project
 "GVK Hancock welcomes court ruling")