India : Business News Headlines – 02 Dec 2016
Fri Dec 02 2016
Ramesh Sridharan (876 articles)

India : Business News Headlines – 02 Dec 2016

Business Standard
Ø  Reliance Jio’s free data offer to march into next year
Ø  Realty investment trusts have $77bn opportunity in India
Ø  RBI caps banks’ loan exposure to large borrowers
Ø  World-beater status at risk as India rebuts threat to GDP
Ø  Aadhaar no. could soon replace all card transactions
Ø  Apple plans to set up a distribution centre in India
Ø  Bear operators trapped after Opec’s first joint oil cut
Ø  Auto sales ride past the potholes of currency purge
Ø  Note ban shadow over GST Bill
Ø  HC seeks RBI clarification in Tata-DoCoMo case
Ø  Huge amount of old notes deposited: Centre to SC
Ø  China manufacturing growth in November strongest in 2 years

Mint
Ø  Compact segment drives Maruti sales up 14% in November
Ø  Mahindra sales down 22% at 32,499 units in Nov
Ø  NSE extends currency derivative concession till Dec 31
Ø  Dumping duty imposed on axle for trailers from China
Ø  Crisil cuts GDP forecast to 6.9% on note crunch
Ø  BHEL commissions first unit of Pulichintala hydel project
Ø  IFC invests Rs450 crore for 29% stake in Apollo Health
Ø  Quadria Capital to fully deploy $300 million fund by March-end
Ø  SBI, LIC pension funds bid lowest for fund management under NPS
Ø  IRDA allows insurers to invest in additional tier 1 bonds

Financial Chronicle
Ø  CCI okays Essar Oil’s $13-bn deal with Russia’s Rosneft
Ø  No old Rs 500 notes for fuel from Saturday, toll collection to resume
Ø  Indian Rupee softens 13 paise against dollar in early trade
Ø  ESIC launches tele-medicines services for Northeast
Ø  China, Japan offer business upside for IT firms: Kris Gopalakrishnan
Ø  RBI warns banks/public against misinformation on social media
Ø  1.80 lakh ATMs re-calibrated to dispense Rs 500, 2,000 notes
Ø  Govt approves new visa to attract foreigners, boost trade
Ø  No limit on legitimate gold holding; 500gm cap on married women
Ø  $1b FDI in food retail expected, France’s Auchan keen on India
Ø  Banks might charge you for ATM resetting adding to cash worries

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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