India : Business News Headlines – 17 Oct 2016
Fri Oct 21 2016
Rajesh Sharma (2003 articles)

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

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

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.


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