India Business News Headlines – 28 Dec 2016
Wed Dec 28 2016
Rajesh Sharma (2002 articles)

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

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

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