India Business News Headlines – 03 Jan 2017
Tue Jan 03 2017
Ramesh Sridharan (876 articles)

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

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

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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