India : Business News Headlines – 16 Dec 2016
Business Standard
Ø FinMin asks RBI to double-check old notes deposit data
Ø US jobless claims fall for second straight week
Ø Baxter to acquire Claris Injectables for Rs 4,237 cr
Ø RBI imposes restrictions on withdrawal from certain bank accounts
Ø Venture capital firms eyeing secondary stake sales
Ø Govt to bear MDR on tax payments up to Rs 1 lakh
Ø Mauritius gets debt advantage over Cyprus
Ø Withdrawal limit may ease after 80% new notes re-channelised
Ø No target of printing new notes worth entire Rs 15.44 lakh cr: Govt
Ø India sees oil touching $60 a barrel before retreating
Ø Bonds, rupee come under pressure on Fed rate hike
Ø Axis Bank dismisses 24 staffers, suspends 50 accounts after I-T raids
Mint
Ø Regulations in place to deal with issue of independent directors: SEBI chief
Ø Emerging markets vulnerable to fund outflow post-Fed hike: Moody’s
Ø Cipla’s Netherlands arm to invest up to €16.8 m in Iran venture
Ø Ruchi Soya Q2 net nosedives 78% at Rs 27 cr
Ø Sonata Software gets patent for mobility platform
Ø Niti Aayog announces cash awards worth Rs340 crore on digital transactions
Ø Wipro splits its India-Middle East business in two
Ø Start-up funding declines, but no let up in deals
Ø Cipla arm forms JV with Ahran Tejarat for manufacturing drugs in Iran
Ø Supreme Court bans liquor shops on highways from 1 April
Ø Maruti Suzuki eyes millennial buyers, to sell Ignis online too
Financial Chronicle
Ø Government must adhere to notification on Rs 24k weekly withdrawal: SC
Ø New notes can’t be counterfeited, says DEA Secretary Shaktikanta Das
Ø Taken various steps to boost e-payments at toll plazas: Government
Ø Exports up 2.29 per cent to $20 billion in November; imports jump 10 per cent
Ø SC stays Delhi HC order on Unitech’s meet with home buyers
Ø PM Modi ranked among world’s 10 most powerful people by Forbes
Ø India sees oil touching $60 a barrel before retreating
Ø Gold at 10-month low, could see further correction
Ø Delays push cost of 1,174 infra projects by Rs 1.7 lakh cr
