India : Business News Headlines – 17 Oct 2016
Business Standard
Ø Debit card data theft: Finance Ministry, RBI seek report
Ø RBI simplifies norms for ECB transactions
Ø Telcos pay over Rs 32,400 cr to govt for spectrum purchase
Ø 3.2 mn debit cards compromised, SBI among worst hit
Ø Wipro to buy Appirio cloud services for $500 mn
Ø Tata Steel’s UK ops still ‘not out of the woods’: CEO
Ø Sugar mills likely to default on debt worth Rs 11,000 crore
Ø RIL Q2 consolidated net down 23% at Rs 7,206 cr
Ø Captive power equity structure to be modified
Ø Investment in PPP projects shows a decline: Moody
Ø Reliance Jio says adding 0.6-1.1 million customers every day
Ø Banks exhaust all means of recovering money from Vijay Mallya
Ø 641 customers compromised, banks in damage control mode
Mint
Ø NBCC stake-sale: Non-retail portion subscribed 1.54 times
Ø Maggi wins back market share on sustained recovery
Ø LIC Housing Fin logs 20% rise in net profit
Ø Ashok Leyland bags ₹1,140 cr order from Tanzania
Ø YES Bank net profit jumps 31% in July-Sept quarter
Ø Mukesh Ambani’s wealth at $22.7bn equals Estonia’s GDP: Forbes
Ø Aditya Birla Group in talks with IFFCO to sell fertilizer arm
Ø Sahara to deposit Rs200 cr, seeks advancement of hearing
Ø Biocon profit up 52% to Rs.147 crore in Q2
Ø Sebi to use drum-beaters, loudspeakers for attachment notices
Ø Rupee closes lower at 66.81 against dollar; down 0.2%
Ø Suzlon sells stakes to Canadian Solar, Unisun in solar projects
Financial Chronicle
Ø Sensex ends 145 points up, Nifty settles tad below 8,700
Ø No need to panic, debit cards are safe: Finance Ministry
Ø Reliance Jio may extend your free 4G data period
Ø EPFO has invested over Rs 9000 crore in ETFs: Bandaru Dattatreya
Ø Tata Motors optimising structure to speed up product launches
Ø Not looking for a partner in NMDC’s Nagarnar steel plant: Government
Ø DGCEI detects Rs 2,300 crore of black money
Ø Next tranche of Sovereign Gold Bonds from Oct 24
Ø Relax sourcing norms for single brand retail: US
Ø SIDBI launches Rs 60 cr corpus ASPIRE fund
Ø India growing faster than US for us: Facebook
Ø Sebi re-constitutes panel on disclosure, accounting standards
Ø No sale of heavy industry PSUs
