India : Business News Headlines – 25 Nov 2016
Business Standard
Ø Old note recall will cost India a staggering Rs 1.28 lakh crore
Ø Tata tussle won’t affect partnership: Boeing’s Allen
Ø Home prices set to fall by 30% in next one year
Ø Govt should bring in special relief measures: Tata
Ø ‘PE investments down 23% to $10 billion in Jan-Oct’
Ø Demonetisation to disrupt economic activity: Moody’s
Ø Cash disclosed in ITR may not incur 200% fine
Ø Rupee recovers from record low to close at 68.73 a dollar
Ø Nepal bans new Indian Rs 500 and Rs 2,000 notes
Ø Oil Ministry gives 4th extension to panel on fuel economy norms
Ø Cabinet approves amendments in I-T Act to tax post Nov 8 deposits: TV reports
Ø November is worst F&O series in 15 months
Ø Prepaid users go slow, telco revenues hit
Mint
Ø No more over-the-counter exchange of old notes
Ø Cabinet moves in to tax deposit above threshold, post note ban
Ø Fund-raising via rights issue falls 92% to Rs. 618 cr in H1
Ø Natco Pharma gets USFDA nod for generic Budesonide capsules
Ø BNP Paribas completes Sharekhan’s acquisition
Ø FSSAI norms for nutraceuticals, functional foods go into effect
Ø Digital transactions in banking sector going up: SBI
Ø Sun Pharma’s Mohali unit violated manufacturing norms, finds US FDA
Ø S&P keeps ratings of Indian financial institutions unchanged at BBB-
Ø Modi’s demonetisation move risks bond shortage for RBI
Ø Fire at Reliance Industries’ Jamnagar refinery out; production unaffected
Ø JSW plans to make electric cars: report
Financial Chronicle
Ø BSE Sensex plunges over 190 points to close at 25,860.17, NSE NIfty settles at 7,965.50
Ø New rules on network rollout to reduce call drops: COAI
Ø Banks face higher risks on deteriorating profile of companies: S&P
Ø TCS to implement unified global process blueprint for ASML
Ø Govt needs to be vigilant about sources of black economy: SBI
Ø GST set to miss April 1 deadline
Ø Tata Sons lines up- ex-chiefs to counter Mistry
Ø Most firms spend 70% CSR fund on education
Ø Manmohan Singh trashes govt’s cash crackdown
Ø Guarantee scheme back to deal with piles of Rs 500/1000 notes
Ø Cabinet note sent for complete FDI ban in tobacco: Nirmala
