India Business News Headlines – 03 Jan 2017
Economic Times
Ø L&T bags two more orders from Saudi Aramco
Ø GST Council to meet officials from six key sectors tomorrow
Ø Small auto firms overtake big companies in growth in December
Ø BCCI in a fix over senior vice president
Ø Dena Bank cuts lending rate by 0.75 per cent
Ø SBI sees loan growth jumping from 25-year low
Ø Hero MotoCorp sales down 34% in December
Ø Bharti Airtel in talks with Telenor to buy India business for $350 million: ET Now
Ø Govt directive on service charge will lead to confusion: Hospitality associations
Ø Telecom subscriber base touches 1074 mn at Sept-end: TRAI
Ø Volkswagen India sales up 69% in December
Ø Bank of Baroda ties up with CNX Corporation
Business Line
Ø Mahindra sales down 4% at 36,363 units in Dec
Ø LimeRoad introduces 24-hour payments for vendors
Ø Tata Motors sales up 2% at 40,944 units in Dec
Ø Exide expects demonetisation to recharge battery sector
Ø Logistics firm Delhivery’s losses increase four-fold
Ø Cash crunch hits auto sales in Dec
Ø Bajaj Hindusthan to seek shareholders’ nod to sell power biz
Ø Singareni sees increased coal output in December
Ø Natco Pharma unveils generic version of Hepatitis C drug in Nepal
Ø Insecticides India ties up with Japanese firm Nihon Nohyaku
Ø IL&FS Engg gets LoA for road contract in Karnataka
Ø Lupin gets USFDA nod for cevimeline hydrochloride capsules
Ø NRIs need to show old notes at Customs at airport
Mint
Ø Service charge not mandatory at restaurants and hotels: govt
Ø GST delayed, rollout now likely on 1 June
Ø Gap between India’s share in world GDP and world market cap at highest in 13 years
Ø ICICI Bank joins SBI, others in cutting lending rate
Ø SC sacks BCCI president Anurag Thakur, to form administrative panel
Ø Vishal Sikka tells Infosys employees road ahead not easy
Ø Azim Premji tells Wipro staff 2016 has raised obstacles on path to better world
Ø Everstone buys minority stake in OmniActive Health for $35 million
Business Standard
Ø Manufacturing slips into contraction in Dec but core sectors grow in Nov
Ø Bigger disruption from automation, digitisation than Trump, note ban: Sikka
Ø Air India to add 35 new planes this year, says Ashwani Lohani
Ø Interest rate on small savings schemes unchanged for January-March
Ø Amazon taps individual sellers; joins Olx, Quikr
Ø Ford India sales surge over 2-fold to 23,470 units in December
