India : Business News Headlines – 26 Dec 2016
Mon Dec 26 2016
Ramesh Sridharan (876 articles)

India : Business News Headlines – 26 Dec 2016

Economic Times
Ø  Govt has no plan to hike captial gains tax: FM
Ø  Shortage of taxmen may derail black money hunt
Ø  Aadhaar-linked cashless merchant solution by IDFC
Ø Restrictions on withdrawals likely to continue
Ø  ONGC to pay over $1.2 billion for GSPC stake buy
Ø  SBI, other banks may cut lending rates in new year
Ø  Govt working on new power tariff structure

Business Standard
Ø  Budget to assume crude oil price of $55-60/bbl for FY18
Ø  RBI refuses to disclose minutes of demonetisation meeting
Ø  Money has lost its ‘anonymity’ after demonetisation: Jaitley
Ø  Tata Housing, Macquarie form Rs 2,000 cr fund
Ø  Apparel exports to cross $30 bn mark in next 3 years: AEPC
Ø  M&M to hike vehicle prices by up to Rs 26,500 from January
Ø  Public auditors’ body demand for more power to PAC, audit of FIs

Business Line
Ø  Prime Minister Modi hints at more reforms
Ø  Camlin Fine to acquire 51% stake in Chinese firm
Ø  Maruti to get 10,000 Balenos from Suzuki’s Gujarat plant this fiscal
Ø  PFRDA mulls various withdrawal options to optimise pension
Ø  Balrampur Chini gets green nod for Rs. 72-cr expansion project

Mint
Ø  China fines GM unit $29 million for ‘price-fixing’
Ø  RTOs set to go cashless from January 2017
Ø  How Deutsche Bank’s big bet on Wall Street turned toxic
Ø  Tata Steel to acquire Brahmani River Pellets for Rs900 crore
Ø  Welspun Enterprises to divest 15.49% in Welspun Energy
Ø  Wipro agrees to pay $5 million to SEC to settle six-year-old case

Financial Express
Ø  About 75% of targeted 60,000 officers trained for Goods and Services Tax
Ø  India may clock GVA growth of 6.6 per cent in 2016-17: Icra
Ø  PFRDA mulls various withdrawal options to optimise pension
Ø  Tilaiya UMPP: Panel seeks fresh comments from Ministry of Power, others

Financial Chronicle
Ø  Special session on GST likely if vexed issues are resolved
Ø  Sebi goes green; debt security papers via electronic mode
Ø  Cosolidated SME, corp data with banks to improve lending: CII
Ø  FPIs pull out $ 3.5b from capital markets in December
Ø  Equity MFs add 25 lakh investor accounts in Apr-Nov FY17

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

Discussion

Rules of Discussion on Live Index

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.