Morning Business News Round Up_Jan 02,2017

Morning Business News :

  • At $15.2 bn, 2016 2nd-biggest yr for PE investments
  • CII wants corporate tax rate cut to 18% in Budget
  • Maruti sales decline 1% at 1,17,908 units in Dec
  • Petrol price hiked by Rs 1.29/litre, diesel Rs 0.97

Image result for • Petrol price hiked by Rs 1.29/litre, diesel Rs 0.97

  • Loan interest subvention to boost low cost housing
  • Affordable and low-cost housing space gets leg-up
  • Airtel, Vodafone and Idea gearing up for a tough 2017
  • M&As set $81 billion record in 2016
  • Digital economy to raise electricity tariff
  • Navy Cut, Gold Flake price hike may hit ITC’s sales
  • ONGC not to take over GSPC debt; deal to retire only 40% of PSU’s loan
  • L&T Construction, four others seek nod to set up new SEZs
  • Jan Dhan account holders withdrew Rs 3,285 cr in last fortnight
  • SBI cuts lending rate by 90 basis points; home, auto loans to become cheaper
  • SAT quashes SEBI’s Rs 1-cr fine on Apollo Tyres
  • Jet fuel prices hiked by 8.6%; subsidised LPG Rs 2/cylinder
  • Bombay Dyeing to sell land, some machinery for Rs. 174 cr
  • PFRDA simplifies NPS a/c opening process
  • Govt permits 12 PSU banks to raise ₹ 3,000 cr from market
  • RBI denies information whether finance minister, CEA were consulted before demonetisation
  • IDBI Bank reduces MCLR by 30-60 bps across loan tenors
  • Patanjali biggest disruptive force in FMCG space, says report
  • Hedge funds bet oil rally to extend into 2017 as output cuts hit
  • Govt extends deadline for rabi crop insurance till 10 January
  • RBI extends period of enhanced PPI limit
  • Jan Dhan accounts deposits double to Rs 87,000 crore, I-T dissects data
  • 80 countries sign up for Vibrant Gujarat Show; PM Narendra Modi to inaugurate event on Jan 9
  • After SBI, Punjab National Bank cuts lending rate by 70 bps
  • CBDT extends deadline for tax settlement scheme till January 31
  • Lending rates may dip by 30 to 50 bps
  • China vows to open up economy as investment declines
  • Dump medical cover for pharma funds
  • NTPC, SAIL not keen on acquiring stressed assets
  • Delhi-Goa round-trip may cost Rs 25,000 soon