India : Business News Headlines – 09 Dec 2016
Business Standard
Ø SAIL reports net loss of Rs 732 crore for Q2 FY17
Ø JSPL’s net loss narrows to Rs 746 cr in Jul-Sept qtr
Ø ECB to extend QE programme but at lower rate of 60 billion euros a month
Ø Reserve Bank may cut rate by 25-75 bps in 2017
Ø Bharti Airtel slashes prepaid tariffs to compete with Jio
Ø Metal shares gain; Vedanta hits 52-week high, Tata Steel up 5% intraday
Ø BSE Auto index soars over 500 points intra-day
Ø Sun Pharma gains after falling 6% on Wednesday
Mint
Ø Crop worry: Centre scraps import duty on wheat to ease supply, check prices
Ø Gold recovers by Rs 110 on global cues, spot market demand
Ø No service tax on credit, debit card transactions up to Rs. 2,000
Ø GMR Infra net loss widens to Rs. 700.34 cr
Ø Note ban impact: Auto sales slide for the first time in 11 months
Ø Sensex surges 457 points on global cues
Ø InGovern tells shareholders to vote against Tata resolution to remove Mistry
Ø Discounts for petrol, life insurance in push for digital transactions
Financial Chronicle
Ø GST Council may reduce tax slabs in future: CBEC chief Najib Shah
Ø Flipkart and Ola benefitted from foreign capital, now want protection from it
Ø Oil prices rise on US crude stock decline, weaker dollar
Ø ICICI moves US court to recover loans from Essar
Ø Honda Cars sales slip by 20-30% after demonetisation
Ø IL&FS to raise more than Rs 10K cr
