Market news as on February 17, 2016
Business Standard
Ø Supreme Court cracks the whip on bank NPAs, air routes
Ø Iran invites India to invest in projects worth $8 bn
Ø Gas cos oppose move to end monopoly rights
Ø FDI inflows in the country improving: Sitharaman
Ø Don't take back spectrum if cap changes: Trai
Ø Tax collections reach 72% at Rs 5.74 lakh crore
Ø Notice to Vodafone part of routine process: CBDT
Ø Tata Motors & Bharat Forge tie up for $11-bn defence bid
Ø Bank of Japan says negative rates would apply for $201 bn of reserves
Ø PF interest revised upwards to 8.8% from existing 8.75%
Ø RBI, SEBs to file AIR on remittances, power consumption
Ø Egypt seeks to sign double taxation avoidance pact with India
Ø HCL Tech wins $2.8 bn deal from Volvo, largest IT outsourcing deal in recent times
Business Line
Ø COAI wants DoT to retain 'block' size at 20 MHz
Ø Sensex to include firms only from ‘BSE 100’ from June
Ø Small savings rates cut by 0.25 per cent
Ø I-T dept using technology to eliminate malpractices: Jaitley
Ø PNB declares United Breweries Holdings as ‘wilful defaulter’
Ø Punj Lloyd wins orders worth Rs. 2,070 cr in Oman
Mint
Ø Saudi Arabia, Russia agree to an oil output freeze
Ø FTIL moves Bombay high court against merger order
Ø Govt to tender solar power projects worth 4,431MW in February-March
Ø Amazon to buy Emvantage Payments
Ø Bharti Airtel revamps Africa operations
Ø Sebi in talks with govt for tighter collective investment norms
Financial Express
Ø Sensex ends 362 pts down, Nifty50 settles below 7,050
Ø Govt mulls hiking FDI cap in public sector banks to 49%
Ø FPIs sell $367 million of Indian debt over last five sessions
Ø Unmasking defaulters: Forcing RBI to give court defaulter names a good step
Ø Banking stocks fall on rising NPA concerns
Financial Chronicle
Ø M&As off to a slow start, deal tally slumps 50% over 2015
Ø SBI's profits may take further hit in Q4: Bhattacharya
Ø Govt to open 25 defence projects for private sector
Ø MFs add nearly 6 lakh folios in January
Ø Government to meet fiscal deficit targets: Citi
Ø Poland to set up 2.7 MTPA coking coal plant in India
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