India : Business News Headlines – 27 Dec 2016
Business Standard
Ø FPIs may face up to 40% tax on Indian investments
Ø Govt wants a share in your property windfall
Ø China to levy environment tax to fight pollution
Ø Foreign borrowings in Nov stood at $488.49 mn
Ø Nabard sanctions Rs 35k cr loan under Irrigation Fund
Ø Repayment incentive: RBI gives relief to farmers
Ø Service tax mop from Mumbai zone jumps 25.5%
Ø Short-term capital gains tax rate may rise in Budget
Ø Ordinance planned to impose penalty for holding junked notes
Ø Private labels to become a $5-bn business for e-tailers in 2017
Ø NTPC signs 160 MW PPA with Nepal Electricity Authority
Ø Private equity exits cross $10 billion in 2016: Bain & Co
Ø Essar Oil posts record 2,162 crore net profit in FY2015-16
Ø BSE to introduce 6-yr govt bond interest rate futures from Dec 30
Mint
Ø PM to take stock of economy at NITI Aayog on Tuesday
Ø India needs globally compatible tax rates: Jaitley
Ø SEBI forwards complaints against QNet to Karnataka govt
Ø Srei Infra arm plans to raise Rs. 500 cr via NCDs
Ø L&T Construction wins orders worth Rs. 3,039 cr
Ø NTPC total installed capacity rises to 48,028 MW
Ø RIL-ONGC dispute: Justice Singhvi appointed arbitrator
Ø ICICI Bank registers the first case under the bankruptcy code
Ø GMR Enterprises raises Rs220 crore from VTB Capital
Ø Snapchat buys Israeli augmented reality start-up Cimagine
Ø Abertis buys two Macquarie toll road assets for Rs1,000 cr
Ø NBFCs seek more time to classify defaults as NPAs
Financial Chronicle
Ø Not in talks with PayPal on stake sale: FreeCharge
Ø Paytm launches 100-member merchant helpdesk
Ø Behind Ratan Tata-Cyrus Mistry clash, a distinct set of governance rules
Ø OMCs eye over 50% of retail sales in cashless mode by March
Ø Modi eyes real estate assets in drive against graft
Ø Sebi puts in place disclosure norms for REITs
Ø Demonetisation to help allot more funds to welfare scheme: Govt
Ø Nifty slumps to 7-mth low, Sensex tanks 234 pts
