Tue Dec 13 2016

Ramesh Sridharan (876 articles)

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India : Business News Headlines – 13 Dec 2016

Business Standard
Ø  Note ban likely to fetch government Rs 2.5 lakh crore:KV Kamath
Ø  Not taken any step to cancel Axis Bank licence: RBI
Ø  Energy innovation is focus of Bill Gates-led $1 bn fund
Ø  RBI asks banks to maintain records of new currency
Ø  EPFO likely to hike monthly wage ceiling to Rs 25K
Ø  Investors rush to put money in MF as deposit rates fall
Ø  Singh bros in talks with TPG to sell 26% in Fortis
Ø  FPIs shunning Indian debt for other markets
Ø  IT ministry asks telcos for cashless action plan
Ø  Support for demonetisation declining among citizens: Survey
Ø  Discount on petrol, diesel buy via digital mode from midnight
Ø  ‘Undisclosed buyer’ to buy 1.73% in Tata Motors on Tuesday
Ø  Foreign investors in bond-selling frenzy
Ø  Glenmark eyes big growth in US with cholesterol drug launch

Mint
Ø  PE, venture capital investments slump 50% in Nov
Ø  Govt to notify scheme for taxing black money holders this week
Ø  Sun Pharma, Moebius tie-up to develop osteoarthritis pain drug
Ø  Anti-dumping duty on steel pipes from China mooted
Ø  Gujarat Ambuja Exports to mull buyback
Ø  GAIL gets extension for pipeline
Ø  Petrol, diesel payment using cards to get discount from midnight: IOC
Ø  Bharti Airtel toes Reliance Jio line on bundled tariff plans
Ø  DLF’s debt woes to linger as stake sale deal gets delayed
Ø  Oil prices jump to 18-month high as OPEC and rivals agree on historic deal
Ø  Axis Bank to raise Rs3,500 crore through NCDs
Ø  Bill Gates, other super-rich back $1 billion energy fund

Financial Chronicle
Ø  China’s bond default risks set to rise in 2017: Chengxin
Ø  Indebtedness higher in villages at 31.1% than 22.4% in cities
Ø  Modi government stings 500 bank branches; bad days ahead for corrupt bankers
Ø  India’s MRO sector growing fast, revenues pegged at $975 million
Ø  UK to cut student visas by half: Report
Ø  Mistry removed as Tata Industries director, no more chairman
Ø  MFs emerge as counterweight to FPIs in equity market
Ø  Uttar Pradesh garners maximum deposits under Jan Dhan
Ø  Aadhar may levy tax on banks
Ø  India’s coal demand to see biggest growth globally
Ø  Tata Motors to hike passenger vehicle prices by up to Rs25,000

Ramesh Sridharan

Ramesh Sridharan is our Stock Market Correspondent covering events and daily movements of stock markets in Asia. He is based in Mumbai