India : Business News Headlines – 21 Dec 2016
Wed Dec 21 2016
Ramesh Sridharan (876 articles)

India : Business News Headlines – 21 Dec 2016

Business Standard
Ø  Ordinance likely for wage payment via e-mode, cheque
Ø  Vedanta slapped with $100 mn settlement in UK court
Ø  Note ban may yield lasting benefits: Crisil
Ø  Tata Steel EGM to decide on Nusli Wadia today
Ø  ‘Bringing back foreign stash will be real test of will’
Ø  Bajaj Hindusthan to sell power biz to gr firm for Rs 1800 cr
Ø  GCPL fully acquires Kenyan co Charm Industries
Ø  Fitch downgrades RCom to B+, placed its IDRs on Watch Negative
Ø  Govt plans tax exemption threshold for political parties
Ø  Diversify market and currency risk with US funds
Ø  For Rs 500 note, RBI pays Rs 3.09; Rs 3.54 for Rs 2,000 note
Ø  GM to hike prices by up to Rs 30,000 from January
Ø  Reliance Home Finance to raise Rs 3,500 cr through NCDs
Ø  I-T dept detects Rs 3,185 cr black income; seizes Rs 86 cr in Rs 2,000 notes
Ø  Cognizant buys Norwegian unit, boosts operations in oil and gas
Ø  Treasury gains may help banks offset Q3 pressure

Mint
Ø  Rupee dives to 68.05 against dollar
Ø  Airtel to acquire Orascom’s stake in MENA undersea cable firm
Ø  AMFI bats for US’ 401(k)-like product in Budget proposals
Ø  IDS-II to fund Pay Commission hikes, PSU bank recap: BofA-ML
Ø  PFC to offer TV sets for 1,600 villages in Arunachal
Ø  ‘Developers of new SEZs need security clearance from Home Ministry’
Ø  Banks unions call for agitation over note ban-related issues
Ø  Cyrus Mistry moves National Company Law Tribunal against Tata Sons
Ø  Arun Jaitley says RBI prepared to deal with currency shortage beyond 30 December
Ø  PSU banks seek higher capital infusion from govt
Ø  Delinquencies in medium-heavy commercial vehicles to rise if IIP fall continues

Financial Chronicle
Ø  Demonetisation: Bank deposits may be subjected to investigation
Ø  High Court asks Service Tax Department to revalue Vijay Mallya’s plane
Ø  UTI confident of IPO in H2 of ’17; to use proceeds for buyouts
Ø  In Trump cabinet, Commerce Secretary will run trade policy
Ø  Axis Bank assures govt of action against errant officials
Ø  Mistry says no chance of truce, vows to ‘fight’ it out
Ø  Bourses get more time for mechanism to monitor brokers
Ø  Jaitley bats for outsourcing of railways’ non-core functions
Ø  LPG subsidy:I-T to inform Oil Min on taxpayers earning over Rs 10L

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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