Monthly Archives: November 2017

News around the markets…

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🔹Business Standard :

Ø Govt raises Rs 14,500 crore from Bharat 22 ETF

Ø Council plans to further categorise GST rates, merge 12%, 18% slab

Ø Wipro’s Rs 11K cr share buyback to open on Nov 29

Ø Vodafone, Idea may face network issues post merger

Ø TechM hopes to touch $5 billion in revenues in FY18

Ø Coal India may double supplies via road

Ø Clean energy firms eye SE Asia, M East to hedge risks

Ø Reliance Industries, Adani, REC issue $1.7-billion bonds

Ø Vedanta set to overtake Aditya Birla group as largest aluminium maker

Ø Vijay Mallya’s extradition trial confirmed from December 4

Ø Domestic institutions lend their weight as anchors in IPOs

Ø Farmers demand total debt waiver, remunerative crop prices

Ø Logistics gets infrastructure status, industry sees 50 bps savings

Business Line

Mint

Ø Moody’s gives Baa2 rating for RIL’s offshore dollar bonds issue

Ø Electronics appliance market set to grow at 10% CAGR: study

Ø Centre’s solar plans get $98-m loan from World Bank

Ø Sugar mills see bumper crop, want curbs on stocking to go

Ø MCX gold options off to a slow start

Ø Phoenix Group to set up Rs. 325-cr rice mill in AP

Ø India can return to 8.5% growth rate: Arvind Subramanian

Ø Shell companies: Sebi panel to look into complaints of errors in classification

Ø JSW Steel exploring tie-ups to acquire stressed assets

Ø GST rate cut: FMCG firms asked to update MRPs immediately

Ø Govt tells PSU banks to consolidate international branches

Ø Taaleri eyes Fortum’s solar power projects in India

Financial Express

Financial Chronicle

Ø Transition to electric mobility system can save $330 billion: Report

Ø Big impetus to logistics sector; infrastructure status to bring down costs

Ø Government is committed to tackling bad loans; takes two steps forward

Ø Japan’s best export performance since 2008 crisis rolls on

Ø Wipro arm to provide smart lighting with Cisco in India

Ø Bond yields dip as RBI drops OMO sale

Ø Mumbai down 10 slots, Delhi 7 on list of preferred investment destinations

Ø Corporates cut investment in gold ETF by 38% in a year

Ø Sebi puts penny stocks under scrutiny; to seek withdrawal of LTCG

Ø JSW, Vedanta, Tata in race to hold controlling stake in Monnet

Ø FinMin to consult law ministry on inclusion of realty under GST

News around the markets…

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Business Standard

Ø Naik recalls takeover bids from Ambanis, Birla

Ø SBI to start using blockchain for smart contracts, KYC

Ø IRP nod must for recovering from defaulter’s a/c: NCLAT

Ø I-T slaps criminal charges under anti-black money Act

Ø China to join India’s International Solar Alliance

Ø Royal Enfield unveils Interceptor, Continental GT 650

Ø Wipro BPS unit hits 2020 target of $1 billion

Ø Toxic assets: Soon, ordinance to block defaulters from bidding

Ø Govt may grant infrastructure status to logistics sector

Ø India moves up one notch to 126 in per capita GDP terms, says IMF data

Ø Budget deficit may rise in FY18 but will improve in years ahead: Moody’s

Ø Govt seeks Rs 13,000-cr surplus from RBI

Ø Govt not to sell Cairn Energy shares to recover Rs 10,247-cr tax

Mint

Ø FPIs infuse over $2 bn in equity markets so far this month

Ø Plea against Govt’s stake sale in Dredging Corpn

Ø SAIL to diversify product range

Ø Domestic stainless steel production to touch 3.6 mt by year-end

Ø ‘Digital payments are making financial services more affordable’

Ø India’s global exchanges await the ‘GIFT’ of rupee futures trade

Ø Goldman Sachs sees four 2018 Fed rate hikes as US growth gains

Ø NSE SME to touch 100 mark, 50 IPOs likely in next 6 months

Ø Sebi chief says norms for IRPs soon

Ø Eris to buy Strides Shasun’s India branded business for Rs500 crore

Ø Telecom Commission to consider IMG recommendations next month for final nod

Financial Chronicle

Ø ArthaKranti’s banking tax not singularly superior, says NIPFP report

Ø Black money: Swiss Parliamentary panel paves way for automatic information exchange with India

Ø India’s holdings of US government securities jump to $145 bn

Ø Automobile exporters under pressure as GST refund gets stuck

Ø Urban Ladder sets time line for profitability, IPO

Ø Real estate awaits return of FDI wave

Ø Discounts jump to 20% in commercial vehicles segment

Ø Canada protests India’s imposition of 50% levy on import of yellow peas

Ø Trai likely to back Reliance Jio’s cashback offers

News around the markets…

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🔹Business Standard :

Ø Airtel stake sale in Infratel credit positive: Moody’s

Ø Sebi attaches Mallya co’s a/cs, MF units, securities

Ø Ensure GST cuts passed on to consumers: Centre

Ø Demand for quality goods/services up in rural India: SBI

Ø Sebi likely to cut listing time to three days from six

Ø Digital world to create new, highly skilled jobs: Kant

Ø Apple gives limited option to Trai for building DND app

Ø 100 Indian firms have invested $17.9 bn in US

Ø Non-farm activities contribute two-third income in rural areas: Paper

Ø Steel Ministry urges FinMin to remove import duty on stainless steel scrap

Ø Rupee surges 21 paise to end at 65.21 on falling crude prices

Ø Airbus inks $50-bn deal to sell 430 planes to US firm Indigo Partners

Business Line

Mint

Ø HMT swings into black, logs Rs. 59 lakh profit in Q2

Ø GSTN utility for exporters to claim refunds gets activated

Ø Infibeam gets RBI nod, eyes B2B payment platform, GeM for big bucks

Ø Crisil to acquire data analytics firm Pragmatix for ₹56 crore

Ø NCLAT issues notice to RCom over Manipal Technologies ‘dues’

Ø Sebi allows multilateral entities to issue securities in IFSC

Ø Delhi to get BS-VI fuel two years early to tackle pollution

Ø ONGC Videsh’s Q2 profit rises 15% to Rs280 crore on higher production

Ø Value of India M&A deals in 2017 seen at $46.5 bn, $52.8 bn in 2019

Ø Godrej Industries’s Q2 profit rises 53% to Rs95 crore

Financial Express

Financial Chronicle

Ø Airbus seals $50 billion jet deal to outdo Boeing in Dubai

Ø Government wants new MRP on 200 goods amid GST change

Ø Arun Jaitley on Singapore visit to attract investments

Ø Efforts of Railways, CIL bring record growth in coal offtake

Ø Finance Ministry asks PSBs to submit fund-raising roadmap in a month

Ø PM asks Niti to study pulses, oilseeds for self-sufficiency

Ø Tractor firms eye 15.5% sales growth

Ø FMCG cos gear up to pass on tax reduction benefit to consumers

Ø Advanced analytical tools help identify 3.71L undisclosed A/Cs

Ø TCS bags 5-yr digital contract from Rolls

News around the markets…

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🔹Business Standard :

Ø RIL prima-facie skirted CBM policy norms: Govt

Ø Vodafone pegs $5-bn valuation for 42% stake in Indus

Ø RCom’s default is now a litmus test for Modinomics

Ø Trial in Rs 22,100-crore Vodafone tax dispute in Feb

Ø Japan to relax visa regime for Indians from January 1

Ø Trade deficit widens to near 3-year high in October

Ø Inflation to ease in coming months: India Inc

Ø Govt seeks special dividend from RBI for bank recapitalisation

Ø After 13-month recovery, exports fall 1.1% to $23 bn

Ø Sun Pharma Q2 net plunges 59% at Rs 912 cr

Ø Govt to incentivise faster implementation of highway contracts

Ø Household wealth rises 10% to $5 trillion: Credit Suisse

Ø FPIs pump $10 bn in 2017, highest in 7 years

Business Line

Mint

Ø Tata Global Beverages Q2 net up 11% at Rs. 154 cr

Ø Bombay Stock Exchange appoints S Ravi as Chairman

Ø USFDA clears 2 units of Laurus Labs

Ø Biocon arm widens partnership terms with Bristol-Myers Squibb

Ø Bring realty under GST with stamp duty, moderate rate: Assocham

Ø Reliance Comm defaults in closely-watched India test

Ø Bharat 22 ETF anchor book subscribed six times

Ø Banks invoke S4A to recast Patel Engineering’s Rs2,963.5 crore debt

Ø Khadim India shares end 8.2% lower on stock market debut

Ø Eicher Motors Q2 profit surges 25% to Rs518 crore on Royal Enfield sales

Financial Express

Financial Chronicle

Ø HOEC to produce oil from Mumbai field by 2021, invest $43 million

Ø Demonetisation: 300 per cent jump in PAN applications post note ban, says CBDT

Ø WTO suggests moderate global trade growth in Q4

Ø IT spending in India to cross $87 bn in 2018: Gartner

Ø Karnataka to announce 10-year road map for IT

Ø SC seeks govt’s response on plea to regulate Bitcoin

Ø Benami assets: I-T scanning profiles of property registered over Rs 30 lakh

Ø Handloom, handicraft artisans seek complete waiver of GST

Ø Indians have gained 10 years of life expectancy since 1990