India Business News Headlines – 29 Dec 2016
Thu Dec 29 2016
Ramesh Sridharan (876 articles)

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

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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