India : Business News Headlines – 25 Nov 2016
Fri Nov 25 2016
Ramesh Sridharan (876 articles)

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

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

Discussion

Rules of Discussion on Live Index

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.