India : Business News Headlines – 24 Nov 2016
Thu Nov 24 2016
Ramesh Sridharan (876 articles)

India : Business News Headlines – 24 Nov 2016

Business Standard
Ø  SBI slashes bulk deposit rates by up to 1.9%
Ø  Corus buyout based on long-term strategy: Tata Steel
Ø  Sebi tightens promoter-investor profit sharing rules
Ø  30 banks join app-based national fund transfer system
Ø  Indian Oil plans expansion of refinery co-owned by Iran
Ø  All property records of Delhi just a click away
Ø  RIL takes 1st step to software biz with GE tie-up
Ø  Survey on Modi app: 93% support demonetisation
Ø  Currency in circulation dips 20% in week ended Nov 18
Ø  GST Council meet postponed by a week
Ø  Jan Dhan account deposits swell, mobilise Rs 21,000 cr
Ø  Central banker missing in action as India escalates war on cash
Ø  Report holds Hitachi responsible for debit card data theft
Ø  Euro zone manufacturing PMI 53.7 vs 53.3 forecast

Mint
Ø  SEBI’s start-up boost: allows 200 investors in a scheme
Ø  Sun Pharma to buy Russian firm Biosintez
Ø  There was no proposal to sell TCS to IBM: FC Kohli
Ø  Govt mulls allowing private cars to share rides
Ø  Cipla divests stake in US firm Chase Pharma to Allergan
Ø  Goldman forecasts deceleration in GDP growth to 6.8% in FY17
Ø  Airtel launches India’s first payments bank
Ø  RBI governor Urjit Patel keeps a low profile amid note ban
Ø  Reliance Capital to sell stakes in radio and TV businesses to Zee Group
Ø  Wockhardt gets USFDA warning for violation of norms at UK facility
Ø  Reliance Jio fails to hit subscriber base of Airtel, Idea, Vodafone: analysts

Financial Chronicle
Ø  BSE Sensex advances 90 points to end at 26,051.81, NSE Nifty finishes at 8,033.30
Ø  Morgan Stanley says US Fed rate hike to have negligible impact on Dalal Street
Ø  Corporates’ credit profiles to improve on sustained economic growth: Moody’s
Ø  Cabinet gives its nod to buy Dornier surveillance
Ø  Digital automation will divide job market: Prabhu
Ø  Idea to expand 4G services to 20 circles this fiscal
Ø  New UK visa rules for non-EU nationals come in force today
Ø  Govt asks NABARD to disburse Rs 21K crore to farmers
Ø  Marginal rise in professional tax collection in 2015-16
Ø  Re set for record low as funds flee

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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