India : Business News Headlines – 07 Dec 2016
Business Standard
Ø Ordinance route likely to cancel unreturned currency
Ø EU clears Microsoft’s $26 bn buy of LinkedIn
Ø Rupee jumps 31 paise to 67.90 on eve of RBI meet
Ø India, China to maintain Asia’s growth rate in 2017: ADB
Ø Townsville to be Adani’s Australian coal mine base
Ø FIIs invest 50 bn in bonds, but remain cautious
Ø Mistry derides Tata’s ‘capricious decision-making’
Ø Indian lenders sue Essar for default in US Project
Ø Barclays’ exit from energy trading stirs concerns over liquidity
Ø New Rs 100 notes from RBI soon, older notes to continue as legal tender
Ø Govt targets bankers involved in money laundering
Ø CCI dismisses complaint against DLF
Ø Income disclosure schemes 20 years apart yield roughly the same
Ø Sudan holds up licence extension for ONGC’s overseas arm
Ø US fines Deloitte record $8mn over audit fraud in Brazil
Mint
Ø Corporate tax may be cut by 1-1.5 percentage point
Ø RBI eases authentication norms for online transactions up to Rs.2,000
Ø NeuroEquilibrium in talks to raise $2 m in Series A
Ø Asia Index launches S&P BSE Sensex 50 Index
Ø Laurus Laboratories IPO subscribed 0.28 times on Day 1
Ø BRICS nations vow to share tax information automatically
Ø Govt asks banks to install additional 10 lakh PoS terminals within 4 months
Ø ABN Amro to sell $20 billion of Asia, Middle East banking assets to LGT
Ø Cash crunch nearly freezes dabba, grey market trading
Ø Reliance Jio revenue, subscriber forecasts boosted by brokerages
Ø RBI to banks: Follow due diligence for activating dormant accounts
Financial Chronicle
Ø Scope for further monetary easing on softer inflation: Fitch
Ø Independent directors were appreciative of Cyrus Mistry’s work: Tata Power
Ø GoDaddy to buy Host Europe for $1.82 billion
Ø Allow DCCBs to accept old notes: NCUI-led delegation to government
Ø CBDT points out at cases with serious irregularities detected post demonetisation to ED, CBI
Ø Tax dept seizes Rs 130 cr cash, jewellery post demonetisation
Ø Just depositing black money doesn’t make it white: Adhia
Ø Panama papers: Brics working to get bank details
Ø Over Rs 12.6 lakh crore comes back to banks
Ø NBFCs have a big role in helping India’s cashless transit
Ø Nine more PSUs poised to issue bonus shares
