Thu Nov 17 2016

Ramesh Sridharan (876 articles)

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India : Business News Headlines – 17 Nov 2016

Business Standard
Ø  Modi’s new strike against black money backfires
Ø  Banks, POs to report cash deposits over Rs 2.5L
Ø  Centre circulates draft GST law with states
Ø  Cabinet may soon consider complete FDI ban in tobacco sector
Ø  Iron-ore production jumps 25% in Apr-Sept
Ø  FSSAI to set up food safety standards review panel
Ø  Airtel may turn around Africa operations in FY18
Ø  Mistry sends legal notice to Tata Global
Ø  Vijay Mallya loan not waived off, says Arun Jaitley
Ø  No intention to demonetise Rs 100/50 notes: Govt
Ø  New Japan real estate loans hit record, eclipse bubble economy peak
Ø  UK, US markets can boost Cipla’s fortunes
Ø  Rupee tumbles by 20 paise to 67.94 against a strong dollar
Ø  LafargeHolcim increases stake in ACC & Ambuja

Mint
Ø  Expert panel mooted for fixing poverty line
Ø  Former RBI Governor Subbarao hails govt’s decision on note ban
Ø  Axis Bank cuts MCLR rate by 0.15-0.20% from Friday
Ø  Nasscom cuts growth forecast to 8-10% for 2016-17
Ø  Hindalco eyes value-added products for margin boost
Ø  Note ban fallout: LIC extends grace period for premium payment
Ø  Subbarao warns RBI against taking unclaimed notes as profit
Ø  Narendra Modi faces risk of economic stress as cash runs short
Ø  Tata Tech stake sale talks on; deal may take longer
Ø  NSE may divest 25% stake via OFS route
Ø  Brexit immigration crackdown may affect Google’s future plans: Sundar Pichai
Ø  Bharti Airtel, Robi Axiata complete merger in Bangladesh

Financial Chronicle
Ø  RIL slaps arbitration notice on government over $1.55 bn demand: Dharmendra Pradhan
Ø  Cyrus Mistry takes first legal action, sends notice to Tata Global Beverages
Ø  Cut Corporate tax to 25%, hike exemption limit to Rs 5 lakh: Assocham
Ø  Microsoft chairman Bill Gates meets Prime Minister Narendra Modi
Ø  India Inc overseas direct investment dip 29% to $2.11b in October
Ø  Overall FTA effect on trade positive: Nirmala
Ø  MF industry looks to ramp up investor base to 9cr in 5 years
Ø  RBI set to cut rates in December: Kotak
Ø  Coalscam: Court grants CBI a month more to file probe report

Ramesh Sridharan

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