India : Business News Headlines – 04 Nov 2016
Fri Nov 04 2016
Ramesh Sridharan (877 articles)

India : Business News Headlines – 04 Nov 2016

Business Standard
Ø  Panel fixes GST rates At 5%, 12%, 18% & 28%
Ø  GST tax structure to bring down inflation: CEA
Ø  ‘India’s energy efficiency market at Rs 1.6 lakh crore’
Ø  Big oil threatens to break PSU monopoly in India
Ø  FIPB to take up 11 investment proposals on Nov 17
Ø  Banks can now issue masala bonds: RBI
Ø  Investors circle Mumbai airport, eye GVK stake
Ø  Tata board endorsed Mistry’s proposal of Welspun
Ø  Tata, DoCoMo signal thaw, to seek RBI nod to remit $1.7 bn
Ø  Suuti sale: Govt to divest 3% in L&T in block deal
Ø  Luxury cars, SUVs will not turn cheaper with GST
Ø  Tobacco products to be taxed higher than 28% under GST
Ø  Airtel provides additional 7,000 PoIs to Jio
Ø  HDFC, ICICI Bank cut home loan rate by 0.15%
Ø  Energy firms face Rs 730 cr service tax on royalty payments
Ø  Centre to offload 1 mt wheat in open market

Mint
Ø  Provisional anti-dumping duty imposed on certain steel products
Ø  ONGC, Cairn face Rs. 730 cr service tax on royalty payments
Ø  Sterlite Technologies board approves 25% interim dividend
Ø  JSPL defaults on interest payment on NCDs
Ø  Volvo-Eicher trucks going up the growth curve steadily
Ø  Ambuja Cement profit zooms 80% in Sept quarter
Ø  Reliance Jio’s struggles with 4G speed may deepen data price war: CLSA
Ø  Tata said to seek Modi govt nod to resolve $1.2 billion DoCoMo spat
Ø  FSSAI to spend Rs482 crore to upgrade food testing laboratories
Ø  Investors stay unconvinced about Tech Mahindra’s recovery
Ø  Airtel to get $129 million from Zain in Africa business sale settlement

Financial Chronicle
Ø  BSE Sensex ends over 95 points down at 27,430.28, NSE Nifty settles at 8,484.95
Ø  4 workers killed, 13 injured in leakage at GNFC’s Dahej unit
Ø  India witnessing ‘jobless’ growth: Kiran Mazumdar-Shaw
Ø  GST to be less regressive with lower tax band at 5 per cent: Experts
Ø  RIAs can use BSE MF platform from tomorrow
Ø  Food law being implemented from Nov: Paswan
Ø  Sebi invites bids from agencies for caretaking services
Ø  Norms on onetime settlement for debt ridden soon

Ramesh Sridharan

Ramesh Sridharan

Ramesh Sridharan is our Stock Market Correspondent covering events and daily movements of stock markets in Asia. He is based in Mumbai

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