India : Business News Headlines – 08 Nov 2016
Tue Nov 08 2016
Ramesh Sridharan (188 articles)
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India : Business News Headlines – 08 Nov 2016

Business Standard
Ø  Tata-Mistry feud: Cos may suffer debt blow if Tata guarantees expire
Ø  ‘UK eager to have free trade agreement with India’
Ø  Indian cos eyeing to raise money through masala bonds
Ø  UK wants India to speed up Vodafone, Cairn arbitration
Ø  ‘Clinton win may pose pricing challenges for pharma’
Ø  Hotel Industry warns tourism will suffer at 18% GST
Ø  4G expansion to take tower cos to new heights
Ø  Barack Obama leaves behind a legacy & debt burden
Ø  3 Tata directors hired minutes before AGM
Ø  Rural economy to be 2017-18 Budget’s highlight
Ø  $1.55 bn penalty sought from RIL exaggerated, say analysts
Ø  Theresa May visit: India, UK to sign over Rs 8,300 crore business deals
Ø  Cabinet to take final call on listing of PSU insurers this month
Ø  ICICI Bank Q2 net up 2.37% at Rs 3,102 crore

Mint
Ø  Cognizant Q3 net up 12% at $444.4 mn
Ø  MCX aluminium hovers at crucial resistance
Ø  Nifty 50 futures listed on Taiwan Futures Exchange
Ø  Britannia Q2 consolidated net up 5.80% at Rs 234 cr
Ø  4% price fluctuation limit in pepper futures irks traders
Ø  Defence Ministry approves new blacklising policy
Ø  Rupee closes marginally lower against US dollar
Ø  Cairn-ONGC deal: Delhi HC gives Centre one last chance
Ø  Cognizant finds ‘improper payments’ of $5 mn made in India
Ø  United Bank of India’s Q2 net profit falls 30% to Rs43.53 crore on bad loans
Ø  Cyrus Mistry said to have proposed doubling dividend to Tata’s owners

Financial Chronicle
Ø  BSE Sensex ends over 95 points down at 27,430.28, NSE Nifty settles at 8,484.95
Ø  Delhi High Court asks Hotel Leela Venture to pay Rs 258 crore royalty to AAI
Ø  India hopes early extradition of Vijay Mallya after May-Modi talks
Ø  Farmers stage protest at WHO tobacco conference venue
Ø  Central govt may opt for fiscal deficit band
Ø  Gold falls most in a month as FBI’s late twist favours Clinton
Ø  Future Group signs pact to acquire Heritage Foods biz
Ø  Foreign investors seek speedy resolution of Tata-Mistry feud
Ø  High imported coal price may hit power sector
Ø  Britain’s exit from EU a ‘positive’ for India: Sunil Mittal


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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