Monday, 2 January 2017

Economic Times


Business Standard

Ø  At $15.2 bn, 2016 2nd-biggest yr for PE investments

Ø  CII wants corporate tax rate cut to 18% in Budget

Ø  Maruti sales decline 1% at 1,17,908 units in Dec

Ø  Petrol price hiked by Rs 1.29/litre, diesel Rs 0.97

Ø  Loan interest subvention to boost low cost housing

Ø  Affordable and low-cost housing space gets leg-up

Ø  Airtel, Vodafone and Idea gearing up for a tough 2017



Ø  M&As set $81 billion record in 2016

Ø  Digital economy to raise electricity tariff

Ø  Navy Cut, Gold Flake price hike may hit ITC's sales

Ø  ONGC not to take over GSPC debt; deal to retire only 40% of PSU's loan

Ø  L&T Construction, four others seek nod to set up new SEZs

Ø  Jan Dhan account holders withdrew Rs 3,285 cr in last fortnight

Business Line



Mint

Ø  SBI cuts lending rate by 90 basis points; home, auto loans to become cheaper

Ø  SAT quashes SEBI’s Rs 1-cr fine on Apollo Tyres

Ø  Jet fuel prices hiked by 8.6%; subsidised LPG Rs 2/cylinder

Ø  Bombay Dyeing to sell land, some machinery for Rs. 174 cr

Ø  PFRDA simplifies NPS a/c opening process 

Ø  Govt permits 12 PSU banks to raise ₹ 3,000 cr from market 



Ø  RBI denies information whether finance minister, CEA were consulted before demonetisation

Ø  IDBI Bank reduces MCLR by 30-60 bps across loan tenors

Ø  Patanjali biggest disruptive force in FMCG space, says report

Ø  Hedge funds bet oil rally to extend into 2017 as output cuts hit

Ø  Govt extends deadline for rabi crop insurance till 10 January

Ø  RBI extends period of enhanced PPI limit

Financial Express



Financial Chronicle

Ø  Jan Dhan accounts deposits double to Rs 87,000 crore, I-T dissects data

Ø 80 countries sign up for Vibrant Gujarat Show; PM Narendra Modi to inaugurate event on Jan 9

Ø  After SBI, Punjab National Bank cuts lending rate by 70 bps

Ø  CBDT extends deadline for tax settlement scheme till January 31



Ø  Lending rates may dip by 30 to 50 bps

Ø  China vows to open up economy as investment declines

Ø  Dump medical cover for pharma funds

Ø  NTPC, SAIL not keen on acquiring stressed assets

Ø  Delhi-Goa round-trip may cost Rs 25,000 soon

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