India Business News Headlines – 28 Dec 2016
Business Standard
Ø Govt plans ordinance to shed liability of old notes
Ø Economists suggest lower taxes, uniform import duty
Ø Unorganised sector to be worst-hit by note ban: Report
Ø Adhere to monthly/quarterly expenditure plans: FinMin
Ø Reliance Jio seeks time till Dec 29 to respond to Trai
Ø Tata Sons’ notice to Mistry for confidentiality breach
Ø Last date extended for conversion of PIO cards
Ø Number of companies with ‘default’ debt rating doubles
Ø Venture capital investments down 29% in 2016
Ø Income tax notices to car dealers; seeks details of customers post Nov 8
Ø Despite price hikes, uncertainty remains high around ITC
Ø Paradip Port to have 51% stake in Rs 5,849 cr rail corridor
Ø Oil prices edge further above $55 ahead of supply cut deal
Ø JSW Energy board approves raising up to Rs 750 crore
Mint
Ø Experts discuss about job creation, farm woes at NITI Aayog
Ø 83 IPOs hit Indian market, raised $3.8 bn in 2016: EY
Ø Coca-Cola India unveils low-calorie beverage Aquarius
Ø India likely to host key RCEP meeting in July
Ø Glenmark gets USFDA nod for leukemia treatment drug
Ø MCX zinc moves towards key support zone
Ø Reliance Jio is ready to pounce on rivals Airtel, Vodafone, Idea Cellular
Ø Pfizer, Micromax related acquisitions approved by CCI
Ø Drug firms eye over-the-counter market in bid to buttress growth
Ø AU Financiers gets final licence from RBI to start small finance bank
Ø Nandan Nilekani invests $5 million more in 10i Commerce
Ø Sonalika Tractors in talks to set up a plant in China
Financial Chronicle
Ø Demonetisation has hit business: Tata Steel
Ø Early budget to make funds available at start of fiscal: PM Narendra Modi
Ø Direct benefit transfers saved 36,000 crore in 2 years, says official
Ø Microsoft can reach $1 trillion market value, faster than Apple, Google and Amazon, says Analyst
Ø Smooth drive for farm machinery under GST
Ø M-wallet retail spends may see 4-fold jump in near term: Study
Ø Hopeful about GST regime roll out from April: Anant Kumar
Ø Centre may dust off ONGC stake sale plan
Ø CPSE ETF II on anvil; initial corpus Rs 6,000 cr
