India : Business News Headlines – 05 Dec 2016
Mon Dec 05 2016
Ramesh Sridharan (876 articles)

India : Business News Headlines – 05 Dec 2016

Business Standard
Ø  ‘India may still be the fastest-growing economy’
Ø  PE Funds, SWFs queue up for a slice of SBI Life
Ø  World Trade Organization environmental trade talks fail
Ø  RBI Governor may cut rate by 0.25% in policy review
Ø  India takes pride of place, crosses $300 bn FDI mark
Ø  Government unlikely to implement DBT in kerosene
Ø  Bankers want to shut shop till there’s enough cash
Ø  Tata Steel closes in on UK plant deal: Report
Ø  Direct tax incentives likely in Budget
Ø  China’s biggest carmaker SAIC Motor to drive into India
Ø  Nusli Wadia likely to make 3 Tata EGMs tougher
Ø  Govt extends MIP on select steel products till February 4
Ø  China’s biggest carmaker to drive into India
Ø  ONGC crosses daily production target; revises annual goal
Ø  CBI registers fresh case against Prakash Industries in coal

Mint
Ø  ESIC hikes wage limit to bring more workers under net
Ø  NSDL to allow up to three nominations in single demat a/c
Ø  Oil companies gear up for less cash economy
Ø  M&M board okays demerger of MTWL’s two-wheeler undertaking
Ø  Jan Dhan deposits stabilise; a/cs get Rs. 1,487 cr in 7 days
Ø  Demonetisation crushes green shoots in rural India
Ø  Digital payments: Single UPI platform in offing for banks
Ø  Centre, states to list industries for cashless wage payment
Ø  Govt must up public expenditure to push consumption: Assocham
Ø  Almost 3/4th of Rs500, Rs1000 notes deposited in banking system
Ø  Cyrus Mistry ouster: LIC, other DIIs likely to abstain from Tata EGM voting

Financial Chronicle
Ø  RBI to issue new Rs 20, Rs 50 banknotes; old currency notes continue to be legal tender
Ø  IT department rejects declarations of Rs 2 lakh crore, Rs 13,000 crore; revises IDS amount
Ø  Retailers asked to accept old Rs 500 note for recharges: COAI
Ø  Rs 10 incentive for individuals who transit to digital payment mode
Ø  Global economy is on a path of protracted growth acceleration
Ø  Rice prices may remain stable despite record production
Ø  Maha govt forms taskforce to review and coordinate NSEL scam
Ø  Experts fear China’s wrath as Trump calls Taiwan Prez
Ø  FM promises higher & ‘cleaner’ GDP after demonetisation woes

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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