Today’s Business Headlines-3rd March

Here are the Business Headlines as on 3rd March 2017:

Economic Times:

  • RIL promoter entities to Rejig shareholding in firm
  • LeEco fires 85% staff of Indian Unit, may exit India
  • Government to make life easy for foreign investors in defence and telecom.
  • Fear of investigation forces banks to defer Essar Steel debt recast, to take Rs 44,000-crore hit.
  • US Senators Push for sale of Guardian Drones to India


Business Standard:

  • Madras HC lifts the ban on the water supply to Coke, Pepsi.
  • Cognizant Acquires Japan’s intelligent products and solutions firm.
  • IT department identifies 30000 shell companies in Kolkata.
  • Exit non-core businesses: Finance ministry advice state-owned banks.
  • Mini Rail budget offers carrots for long-term freight contracts.
  • Hight tax fears spur capital restructuring in corporate India.



  • Blackstone, GIC take lead in India
  • Commercial Real estate to see demand in 2017
  • Sebi likely to penalise NSEL brokers by may.
  • Automation impact: BY 2021, one of four job cuts may be from India.
  • Forget email, wormholes are connecting workers across the globe.
  • World bank CEO lauds note ban, says the economy will see the positive impact.
  • GST bill may make peak tax rate 40%, slabs intact for now.


Start-Up World:

  • Paytm E-commerce gets $200 million from Alibaba, SAIF partners
  • Snap’s sought after shares set for market debut after $3.4 billion IPO
  • Startups look for cultural fit among candidates



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