India : Business News Headlines – 29 Nov 2016
Tue Nov 29 2016
Ramesh Sridharan (876 articles)

India : Business News Headlines – 29 Nov 2016

Business Standard
Ø  Get rural atms running on priority, orders RBI
Ø  Mistry meets top MFs, insurance company executives
Ø  Lawmaker suggests alliance of India, US, Russia,Japan
Ø  50% tax on unaccounted deposits; 85% if caught
Ø  Morgan Stanley lowers India’s growth forecast
Ø  Oil falls over doubts over planned crude output cut
Ø  I-T dept won’t ask for bank deposits’ source: Adhia
Ø  CRR hurdle for lending rate cut
Ø  Essel Group’s growing appetite for acquisitions
Ø  RBI relaxes cash withdrawal rule
Ø  Economy grew 7.1% in first half: Sitharaman
Ø  India imports 17.2 lakh tonnes of wheat this year
Ø  Renew lapsed policy faster through self-inspection
Ø  Infosys looks to take payments bank solution global
Ø  Appellate Tribunal stays CCI order against India Cements

Mint
Ø  Oil India Q2 profit dips 18%; declares 1:3 bonus
Ø  RBI hikes cash reserve ratio; maintains sanctity of its policy rate
Ø  Venture debt comes of age in India, at long last
Ø  Govt removes excise duty on POS machine manufacturing
Ø  Suzlon bags 50.4-MW project in AP
Ø  Dollar, US bond yields drop as oil tumbles on doubts over output cut
Ø  Tata Sons asks Nusli Wadia to withdraw legal notice
Ø  Govt unveils National Software Policy, eyes 3.5 million jobs by 2025
Ø  Supreme Court tells Sahara chief Subrata Roy to deposit Rs600 crore by 6 February
Ø  Tata Steel, Liberty set to begin talks for UK assets sale
Ø  Ajay Kanwal, Standard Chartered’s Asean CEO, resigns over disclosure lapse
Ø  EPFO to seed Aadhaar in 81 million PF accounts by 31 Dec

Financial Chronicle
Ø  BSE Sensex back on track to finish at 26,316.34, NSE Nifty settles at 8,114.30
Ø  Edelweiss AMC buys fund biz of JP Morgan Asset
Ø  RJio files complaint with CCI against Airtel, Vodafone and Idea
Ø  Dollar retreats from peaks, euro boosted by Fillon win
Ø  Maruti Suzuki stops Ritz’s production
Ø  Switch to e-payment at the earliest, Centre tells ULBs
Ø  Early Budget to help kick-start projects from Apr 1: Nirmala
Ø  Tata Sons’ shareholders discord may hit group cos: S&P
Ø  Odisha land reserved for Posco might go to JSW
Ø  Demonetisation: PM Modi to hold meeting with senior ministers
Ø  Farm, commerce ministries want to dump rubber board

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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