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

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


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