India : Business News Headlines – 29 Nov 2016
Tue Nov 29 2016
Ramesh Sridharan (870 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

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

Copyright (2016) ©

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