India Business News Headlines – 29 Dec 2016
Business Standard
Ø Govt makes it illegal to hold old notes post March 31
Ø Cabinet okays sale of India’s first pharma firm
Ø NSE files DRHP for Rs 10,000 crore mega IPO
Ø India, Singapore DTAA amendment on cards
Ø 90% of scrapped notes back in system, big dividend unlikely
Ø Tata Steel seeks foreign investment for SEZ project in Odisha
Ø Rupee hits 4-week low, plunges by 18 paise to 68.24
Ø Demonetisation: RBI relaxes loan repayment norms
Ø Panel bats for changing financial year to January-December
Ø Angel investors tighten purse strings in 2016
Ø Govt okays Rs 11,000 cr road projects for Left-wing hit areas
Ø Govt nod for ratifying Inttl Solar Alliance Agreement
Ø BP buys Australian petrol pump network for $1.3bn
Ø Competition Commission rejects complaint against Toyota
Mint
Ø Zydus acquires six brands from US pharma player MSD
Ø Long term effects of demonetisation ‘unclear’, says CDSL
Ø Udupi Ruchi plans pan-India quick service restaurant cafes
Ø Summer of 2017 may be kinder to India, predicts Korean agency
Ø Proof of tax paid, 4-year money lock-in must for new tax evasion amnesty
Ø RIL starts first phase of para-xylene plant at Jamnagar
Ø IDFC Bank to merge lending divisions, trim workforce
Ø Investment banking revenue falls 11% to $440 mn in 2016
Ø Reliance Jio is ready to pounce on rivals Airtel, Vodafone, Idea Cellular
Ø Qualcomm fined $853 mn by South Korean antitrust agency
Ø MCap Fund Advisors set to downsize, shelves plan for second fund
Financial Chronicle
Ø Acharya panel on ‘change in fiscal year’ submits report to Arun Jaitley
Ø Direct tax collections in Mumbai, Delhi in single digit
Ø Veggie rates fell sharply during November, official data shows
Ø US University professor Viral V Acharya becomes fourth RBI Deputy Governor
Ø Ratan Tata meets RSS chief, sets tongues wagging
Ø Watal panel proposes regulatory board for digital payments
Ø Rupee likely to fall below 70-level against dollar
Ø Investors likely to avoid exposure to gold
Ø Rs 600 cr interest loan waiver for farmers on the anvil
