India : Business News Headlines – 27 Dec 2016
Tue Dec 27 2016
Ramesh Sridharan (876 articles)

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

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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