India : Business News Headlines – 09 Dec 2016
Fri Dec 09 2016
Ramesh Sridharan (876 articles)

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

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

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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