India : Business News Headlines – 07 Dec 2016
Wed Dec 07 2016
Ramesh Sridharan (876 articles)

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

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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