India : Business News Headlines – 02 Dec 2016
Fri Dec 02 2016
Ramesh Sridharan (197 articles)
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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


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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