India : Business News Headlines – 16 Dec 2016
Fri Dec 16 2016
Ramesh Sridharan (876 articles)

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

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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