India : Business News Headlines – 16 Nov 2016
Business Standard
Ø All interest rates to fall soon: Arundhati Bhattacharya
Ø Vodafone lowers value of India unit by 5 bn euros
Ø Demonetisation a very bold move: Chris Wood
Ø Rupee ends near 5-mth low vs dollar; tanks 49 paise
Ø Petrol price cut by Rs 1.46/litre, diesel by Rs 1.53/litre
Ø Mistry calls ouster from Tata Global Beverages illegal
Ø Trai backs open interfaces used in Aadhar, e-KYC
Ø Govt puts off raising ATM withdrawal limit to Rs 4,000
Ø Food inflation drops further, pushing WPI lower
Ø GAIL’s net profit rockets 180%
Ø Demonetisation: Govt announces a 7-point strategy to contain currency crisis
Ø Wadia to write on Tata’s bad overseas buys, massive losses
Ø Govt hikes wheat MSP by Rs 100/qtl; pulses by up to 550/qtl
Ø Trade deficit widens to $10.16 bn in Oct
Ø Cooperative Bank employees planning to protest against RBI
Mint
Ø Union Budget to be presented on February 1
Ø Govt’s move will not raise inflation: Rajiv Kumar
Ø FinMin wants speedy dividend payment by PSUs
Ø Vodafone loss doubles to $5.5 due to India write-down
Ø Tata meets Jaitley as boardroom battle rages with Mistry
Ø Petroleum dealers favour cashless transactions at retail outlets
Ø Tata Global Beverages removes Cyrus Mistry as chairman
Ø Donald Trump’s threat to Indian IT is all bluster
Ø Supreme Court declines to stay demonetization notification
Ø Lawsuits against Welspun, Wal-Mart roil cotton industry
Ø Reliance Group launches IoT services under venture Unlimit
Ø Axis Bank in talks to sell Mswipe stake
Ø PNB Housing Finance Q2 profit up 78% at Rs137 crore
Financial Chronicle
Ø HSBC keeps Sensex target unchanged at 29,000 for December end
Ø Slash stamp duty to clean up real estate sector: Assocham
Ø PM Modi urges leaders to cooperate on black money, corruption at all party meet
Ø NHAI may compensate concessionaires for loss in toll money
Ø Nitish Kumar’s cabinet approves acquiring land for Bihta airport
Ø India Inc overseas direct investment dip 29% to $2.11b in October
Ø India, Israel to intensify defence, anti-terror cooperation
Ø India Infra funding needs Rs 8.6 lakh crore a year: Crisil
Ø Food prices help ease Oct retail inflation to 4.20%
Ø Britain has no Brexit plan, leaked memo claims
Ø Deadline for banks to clean up books ‘stands’ at March’17: RBI
