Daily news 17th Dec

Business Standard

Ø  Govt plans online clearances to coal mining projects
Ø  Govt working on debt issue of Air India: Secretary
Ø  Jio-BP brand: RIL, BP sign pact to set up petrol pumps
Ø  Liquidty still not accessible for all NBFCs: CEOs
Ø  Four CPs worth Rs 4,075 crore to list on BSE
Ø  Promoters more alert on pledging shares: Sebi chief
Ø  Govt just dashed hopes of AGR-hit telcos



Ø  ArcelorMittal and Nippon Steel complete acquisition of Essar Steel
Ø  Post trade deal, caution abound as emerging markets ready year-ending rally
Ø  ICRA maintains negative outlook for housing on weak demand, slow sales
Ø  Shipping Industry to witness cost rise of $15 bn over IMO regulations
Ø  Reliance Jio tower assets sold to Canada's Brookfield for Rs 25,000 crore



Mint
Ø  Inflation based on wholesale prices rises to 0.58 per cent in November 2019
Ø  Centre releases ₹35,298 cr as GST compensation to States, UTs
Ø  Weak household consumption to curb growth: Moody’s
Ø  China Aircraft Services ties up with Ramco Systems
Ø  Maruti Suzuki sells over 6 lakh automatic transmission passenger vehicles till


Ø  UK High Court dismisses Chinese banks' $680-mn claim against Anil Ambani
Ø  Sebi taking action quite quickly to address issues: Ajay Tyagi
Ø  Japan’s SMBC picks up 5.4% stake in PE-backed Northern Arc Capital
Ø  Essar Steel resolution to boost Q3 numbers with ₹12,000 cr recovery: SBI chief
Ø  Cipla acquires brand, trademark rights for for anti-diabetic drug Vysov in India



Deccan Chronicle
Ø  E-commerce policy to be finalised after passage of data Bill in Parliament: Official
Ø  Andhra Pradesh attracted investment of Rs 1.39 lakh crore against MoUs for 12.32 lakh crore
Ø  FM Nirmala Sitharaman says government focusing on improving data credibility
Ø  Centre simplifies clearance process for coal mining projects
Ø  India is tenth largest life insurance market
Ø  Sensex ends 71 points lower; FMCG, energy stocks slide
Ø  RBI saw slowdown, acted ahead of time by cutting interest rates from Feb: Das

Daily news 16th Dec

*Business Standard*

Ø  Centre inches closer to its divestment target
Ø  FM to hold pre-Budget consultations beginning Monday
Ø  NLC India to invest Rs 17,000 cr in coal blocks in Odisha
Ø  Cases involving Rs 3.75L cr disposed of at IBC Ist stage
Ø  China suspends planned tariffs on US goods
Ø  14K prosecutions withdrawn under Companies Act
Ø  Airlines oppose Rs 8000-crore Tata Group-GIC stake in GMR Airports
Ø  Lenders step up repossession of commercial vehicles on payment defaults
Ø  Centre likely to pare stake in BEML to 26% via strategic disinvestment
Ø  Stressed discoms' dues to power gencos rose 48% to Rs 81,010 cr in Oct

*Business Line*
*Mint*

Ø  CAIT urges government to take action against e-commerce firms flouting FDI policy
Ø  Regulation for vintage vehicles to be formalised soon
Ø  Government examining foreign fund flows in infrastructure at strategic locations
Ø  Hong Kong posts biggest airport passenger number fall in a decade
Ø  China's BAIC raising Daimler stake to unseat Geely as top shareholder
Ø  Rupeek surpasses gold loan disbursals worth ₹1,000 cr
Ø  Banks’ NPAs again stoke asset quality concerns
Ø  More promoters buy back pledged shares fearing loss of control
Ø  BRICS’ NDB pledges $100  million to NIIF’s Fund of Funds

*Financial Express*
*Deccan Chronicle*

Ø  National Insurance seeks Rs 6,400 crore before merger
Ø  To improve ease of doing business, Govt withdraws over 14k prosecutions under Companies Act
Ø  China welcomes preliminary deal in trade war it blames on US
Ø  PNB under-reported bad loans by Rs 2,617 cr in FY19: RBI report
Ø  Adani Transmission gets LoI for project in Maharashtra
Ø  Forex reserves soar to touch all-time high of USD 453 billion

Buy Nifty 11th Dec

Buy Nifty Fut Above 11914

Sl-11896

Call timing – 9.40 am 11^th Dec

Daily news 11th dec

Business Standard

Ø  RBI finds Rs 11,932-cr hole in SBI's NPA book
Ø  RBI had no objection to electoral bonds via SBI: FM
Ø  Panel asks govt to prevent misuse of input tax credit
Ø  China plans to launch its own digital currency
Ø  IDBI Bank to sell up to 49% stakes in 2 subsidiaries
Ø  Cos can recover exploration cost from new finds
Ø  Sebi relaxes group exposure limit for MFs



Ø  WTO extends ban on tariffs for digital trade, India set to benefit
Ø  Domestic steel demand in October-November shrinks 1.8% YoY: ICRA
Ø  BlackRock sees growth edging higher in 2020, limiting recession risks
Ø  Morgan Stanley fined $22 million for French bond market rigging
Ø  Trai issues revised MNP process notice; new norms effective from Dec 16
Business Line


Mint
Ø  India, Japan discuss bilateral trade imbalance, RCEP pact
Ø  Dilip Buildcon lowest bidder for ₹826-cr Delhi Metro project
Ø  Fuel linkage rationalisation helps CIL save ₹3,770 cr annually
Ø  ‘Proposed India-EU FTA has to address labour, government procurement, sustainability issues’
Ø  `Saudi Arabia wants to be part of India's goal of becoming a $5 trillion economy’
Ø  Yes Bank to favourably consider Citax’s $500 million investment offer


Ø  Nippon Express gets CCI nod to buy 22% stake in Future Supply
Ø  FCI raises ₹8,000 crore on BSE BOND platform
Ø  Antitrust body OKs Piramal Enterprises’ issue of CCDs to Canadian pension fund
Ø  India slowdown: Electricity demand falls for 4th straight month, says govt data
Ø  India asks Japan to reduce trade surplus before Shinzo Abe's visit next week
Ø  London Stock Exchange considers proposals for a shorter trading day
Financial Express


Deccan Chronicle
Ø  Reliance to see return on capital employed rise to 11% in 2 years
Ø  Reliance signs pact with ADNOC for development of chemical facility
Ø  Chinese inflation hits eight-year high as pork prices double
Ø  Fitch revises outlook on Cairn India to negative


Ø  WTO tariff freeze on digital trade extended till June ’20
Ø  Rupee rises 12 paise to 1-month high of 70.92 against US dollar
Ø  Banks cut MCLR rates after RBI nudges on transmission
Ø  Sensex tumbles nearly 250 points; Nifty ends below 11,900
Ø  Start bidding goodbye to Windows 10 Office mobile apps

Daily news 10th Dec

Business Standard

Ø  YES Bank may say no Canadian billionaire's $1.2 billion offer

Ø  Economy may soon get another booster dose

Ø  CGST falls short of budget estimate by 40% in Apr-Nov

Ø  Bank of Baroda to sell up to 1.04 crore UTI AMC shares in IPO

Ø  Goldman raises oil forecast on Opec output cuts

Ø  Ships Recycling Bill sails through in Rajyaoutpu

Ø  Additional 2% export benefits to end Dec 31

Ø  Aluminium firms seek cut in input duties as production costs, imports swell

Ø  Tea Board considering new export cess to fund promotion and marketing

Ø  Mutual Funds' asset base hits Rs 27 trn, bank, PSU funds top allocation

Ø  NSE asks investors to be careful in executing PoA with stock brokers

Ø  Tata Steel asks LGBTQ+ employees to declare partners, avail HR benefits

Mint

Ø  Investors lay siege to SEBI office, demand Karvy-like action against BMA Wealth

Ø  No threat of job losses in auto sector: Minister tells RS

Ø  PSU officers associations oppose BPCL disinvestment

Ø  Sterling and Wilson Solar begins construction of 200 MW Solar Project in Australia

Ø  Equity inflows into mutual funds dip to 41-month low

Ø  HDFC to acquire remaining stake in education loan subsidiary for ₹395 crore

Ø  Currency in circulation rises to ₹21 lakh cr as on March 2019: Govt

Ø  India to witness 7% rise in job creation in Oct-Mar: Report

Ø  Stride Ventures marks first close of ₹500 crore venture debt fund

Deccan Chronicle

Ø  Farm wages growth fell to a four-quarter low in Chrofun

Ø  Japan upgrades 3Q GDP as consumer, business strength absorbs hit from trade

Ø  WTO faces deepest existential crisis ahead of its silver jubilee

Ø  GST Council may use cess route to boost revenue

Ø  Glitches at BSE, NSE cause trouble for investors in OFS

Ø  Coffee Day’s tech park sale stalls over Yes Bank nod

Ø  Banks begin fact check on pledged securities

Ø  Sensex rises 42 points; bank, auto stocks shine

Daily news 9th Dec

Business Standard

Ø  India's real GDP growth in FY20 to come below 5%

Ø  China exports fall in November, imports recover

Ø  Maruti raises production by 4% in November

Ø  Foreign borrowings jump to $3.41 billion in Oct

Ø  CG Power seeks nod to borrow up to Rs 5,000 cr

Ø  FPIs turn net sellers in Indian capital markets in Dec


Ø  Bharti seeks Rs 4,900-cr FDI nod; infusion to make Airtel foreign firm

Ø  373 infrastructure projects hit by cost overruns of Rs 3.89 trn: Report

Ø  Paper to capture 25% of the Rs 80,000 cr single-use plastics market by 2025

Ø  NTT targets $1 billion revenue from India operations in next two years

Ø  SC orders interim stay on NCLAT order on Orchid Pharma resolution process


Mint

Ø  India Inc’s overseas borrowings jump over two-fold to $3.41 bn in October

Ø  Government looking at deploying larger funds for startups: Piyush Goyal

Ø  NTPC signs pact for ₹5,000-crore term loan with SBI

Ø  New household consumer expenditure survey to begin in July

Ø  Reliance’s biotech arm eyes tie-ups to enter diagnostics business

Ø  Canadian pension funds eye private debt space in India

Ø  Amid tariff war, China's exports to US fall 23% to $35.6 bn

Ø  Welspun Group promoters buy majority stake in One Industrial

Ø  Govt plan to allow EPF-NPS portability may be junked

Deccan Chronicle

Ø  India Inc’s foreign borrowings grew over two-fold in October

Ø  India’s Paper industry likely to acquire 25% market share of single use plastics market by 2025

Ø  Average customer unlikely to pay for outgoing calls, says Reliance Jio

Ø  Financial sector fragilities taming growth

buy Nifty Fut 6th Dec

Buy Nifty Fut only 12028.5
Sl-12004
Target-12064

call timing: 6th Dec 12.45 pm

Sell Nifty 6th dec

Sell Nifty Fut @ CMP 12050
Sl - 12065

Call timing: 6th Dec 10.52 am

Daily news 6th Dec

Business Standard

Ø  Government approves allocation of 5 coal blocks

Ø  RBI set to tighten screws on co-op banks

Ø  Govt withdraws GST Circular on back office services

Ø  S&P keeps Airtel rating on negative watch

Ø  Payment banks can convert into small finance banks after 5 years

Ø  Maha govt wants PMC Bank to merge with MSC Bank


Ø  RBI unexpectedly hits pause on rate cut; lowers FY20 GDP forecast to 5%

Ø  Base year for calculating GDP revised due to socio-economic changes: Govt

Ø  Moody's downgrades Yes Bank's ratings, assigns negative outlook

Ø  Nestle India prepares the ground as HUL-GSK Consumer merger nears

Ø  M&M buys 36.6% in Meru for Rs 44.71 cr, to appoint majority of directors


Mint

Ø  Cardekho raises $70 million in Series D funding from Chinese, European investors

Ø  Oil marketing firms’ bid to encourage alternative fuels

Ø  Canada Pension Plan Investment Board to invest up to $600 million in NIIF

Ø  CSIR, BHEL sign pact to develop and market technologies

Ø  Zydus Cadila files application for liver disease drug


Ø  Saudi Aramco raises $25.6 billion in world’s biggest IPO

Ø  Billionaire Lawrence Stroll seeks big stake in Aston Martin: Report

Ø  Tata Motors board approves ordinary shares, warrants to Tata Sons

Ø  Infra and manufacturing sectors disappointed with RBI's policy stance

Ø  DHFL insolvency process starts, investors' claims sought



Deccan Chronicle

Ø  Fitch Ratings says Indian banks to write off more loans

Ø  Rajya Sabha nod to lower corporate tax rates

Ø  15th Finance Commission submits its report for 2020-21 to President

Ø  No way privately-issued digital currencies can be allowed: RBI Governor Shaktikanta Das

Ø  Corporate lending witnessing lack of demand: SBI

Ø  NBFCs, MFIs & co-ops can now become SFBs

Ø  P2P lending limit raised to Rs 50 lakh

Ø  Markets end lower in a see-saw trade as RBI surprises with status quo

Daily news 5th Dec

*Economic Times*
Ø  SBI to sell 8.25% stake in UTI MF via OFS
Ø  SAT refuses relief to lenders in Karvy Broking case
Ø  IL&FS reports Rs 22,527 crore loss for FY19
Ø  'India's cybersecurity market to touch $3 bn by 2022'
Ø  Ashok Leyland announces non-working days for Dec
Ø  Sebi action against auditors not 'turf war': Ajay Tyagi

*Business Standard*
Ø  SAT asks NSE to take a decision on Karvy's licence suspension by Friday
Ø  Anil Ambani firms' CoC to discuss Bharti Airtel's offer on Thursday
Ø  Govt garnered Rs 2.03 trn revenue from Coal India in last 6 fiscals: Joshi
Ø  Govt considering options to decontrol urea, says Fertiliser Minister
Ø  Tata Power-ICICI Bank JV acquires UP based Prayagraj power project

*Business Line*
Ø  Cabinet approves Fourth Code of labour laws, land monetisation
Ø  SAIL records 36 per cent growth in sales during November 2019
Ø  Oil marketing firms’ bid to encourage alternative fuels
Ø  Indian clothing market likely to be worth $53.7 billion in 2020
Ø  Sembcorp to buy out Gayatri Energy’s stake in India venture

*Mint*
Ø  US, China move closer to trade deal despite harsh rhetoric
Ø  Bharat Bond ETF cleared, paves way for retail funds in corporate debt
Ø  Ujjivan Small Finance Bank IPO sees highest subscription in 2019 at 170 times
Ø  Sembcorp buys out Gayatri Projects' 5.95% stake in its subsidiary for ₹406 cr
Ø  FMCG sales on e-commerce sites to touch $4 billion by 2022: Nielsen

*Financial Express*
Ø  OPEC nations grapple with oversupply of oil
Ø  GST Council to review revenue position, compensation cess on December 18
Ø  Coca-Cola’s in-house bottling arm to transfer operations in north India to franchisees

*Deccan Chronicle*
Ø  Govt to launch first debt exchange-traded fund
Ø  India's services industry returns to growth in November on strong demand: PMI
Ø  Bharti Airtel board approves raising up to USD 4 billion
Ø  United Breweries steps into craft beer market

Buy NIfty Fut - 4th Dec

Buy Nifty Fut CMP- 12050

SL-12027

Target-12088

Call timing:4 dec 10.00 am

Daily news 4th Dec

Business Standard

Ø  India's growth likely reached a trough: Goldman Sachs
Ø  S&P reaffirms India’s sovereign rating at BBB
Ø  Jaypee Infra: NBCC, Suraksha Realty place final bids
Ø  RBI MPC starts deliberations on monetary policy
Ø  Global uncertainty could push 7 mn in India to poverty
Ø  Standard Life to sell 2.23% stake in HDFC AMC
Ø  White House considered kicking Huawei out of US banking system: Sources
Ø  Japan preparing $120 billion stimulus package to bolster fragile economy
Ø  SAT asks NSDL to hold back remaining stocks of Karvy Broking clients
Ø  Statistical Commission to discuss junked consumer spending report on Dec 4
Ø  State-run banks lent Rs 4.14 trn to NBFCs, housing financiers in one year
Ø  Advent, Temasek divest stakes in Crompton Greaves worth Rs 1,275 cr

Mint
Ø  Govt mulls easing foreign control rule to aid Air India sale
Ø  Coal India output falls 4% in November
Ø  Sugar mills’ production falls 54% to 18.85 lakh tonnes till Nov 30
Ø  Transasia to acquire facility in Brazil to sell diagnostic products locally
Ø  JSW Steel expects Rs 600 crore TMT bar supply to metro projects
Ø  Mudra NPAs at 2.86% in FY19, says Anurag Thakur
Ø  10,860 cases under IBC pending before NCLT at end of September: Govt
Ø  51 absconders who left country defrauded over ₹17,900 cr; CBI probing: Govt
Ø  92,700 BSNL, MTNL employees opt for voluntary retirement
Ø  IT department issues ₹1.46 trillion in refunds till November end
Ø  Eris Lifesciences buys anti-diabetes novel drug Zomelis in India for $13 million

Deccan Chronicle
Ø  Income Tax dept reports 23% growth in refunds till Nov 28
Ø  Disinvestment: Govt plans offer for sales route in six CPSEs, including Coal India
Ø  Company directors may be on govt’s watch list; 19 lakh directors already axed so far
Ø  Sitharaman to meet state FMs today: Steps to boost GST revenue on agenda
Ø  Reliance Infra invokes RPower's 10.19 cr pledged shares
Ø  Donald Trump sees no deadline for a China trade deal
Ø  Thomas Cook gets brand right for India, Sri Lanka
Ø  Rupee settles flat at 71.66 against US dollar
Ø  Sensex slips over 126 points; metal stocks drag

Buy NIfty 3rd ec

Buy Nifty fut again CMP-12026

SL-12004

Target-12048

Call timing: 3^rd Dec 2.44pm

Buy NIfty Fut - 3rd Dec

Buy Nifty Fut cmp – 12025

SL-12007

Target-12049

Call timing: 3^rd Dec 1: 34 pm

Daily news 3rd Dec

*🔹Business Standard :*


Ø  Karvy case: 90% investors get back their securities

Ø  Crisil slashes FY20 growth forecast to 5.1 per cent

Ø  Government launches independent directors' databank

Ø  Gross direct tax collection rises by 5% till Nov: FM

Ø  $14 bn loans to builders under severe stress: Report

Ø  Steel industry margins set to shrink: India Ratings

Ø  United Spirits proposes merger with Pioneer Distilleries

Ø  Telecom tariff hike expected to benefit sector, boost its financials

Ø   Govt moves Taxation Bill in Lok Sabha seeking changes in income tax law

Ø  Net surplus revenue decreased 66% to Rs 1,666 cr in 2017-18: CAG report

Ø  Ashok Leyland M&HCV sales decline 55% in November; bus sales up 196%

Ø  Tata Motors bags orders for over 2,300 buses from various state govts


*Mint :*


Ø  Corporate tax cut will make India a global manufacturing hub: FM

Ø  No proposal to reduce taxes on petrol, diesel: Central Government

Ø  LG Electronics India posts ₹1,534-crore profit in FY19

Ø  India Inc delivered weak performance during Q2 FY20: ICRA

Ø  Cadila Healthcare gets board nod for amalgamation

Ø  Kia Motors becomes India's fourth largest vehicle manufacturer after two months

Ø  SAMHI Hotels gets Sebi's go ahead for ₹1,800-2,000-crore IPO

Ø  Jaypee Infra case: Suraksha may offer more cash & land to lenders

Ø  Railways operating ratio in 2017-18 was 98.44%, worst in 10 years: CAG

Ø  Yes Bank files insolvency petition against Jaypee Healthcare
*Deccan Chronicle :*


Ø  Foreign investors bring cheer to Indian market in November; FPI in equity at 8-month high

Ø  Government earmarks Rs 937 crore for exploration of non-CIL blocks in FY20

Ø  India’s economic growth likely to remain subdued in near future, says report

Ø  Samsung India’s profit declines 58 per cent, becomes $10 billion firm

Ø  Over 3.38 lakh cos deregistered in last two financial years: Govt

Ø  Rupee edges higher by 8 paise to USD; RBI policy meet in focus

Ø  78 pc depositors of PMC Bank can withdraw entire deposits: govt

Ø  Public sector banks told to outline insurance JVs’ future

Nov report card

Report card for NOV calls...
Profit calculated as per 1st Target only...
there were few days, wherein i could not post calls due to busy schedule.

Trade date	Buy Rate	Sell Rate	Call type	Profit/Loss points
07-Nov	11983	12012	Short call	29
07-Nov	12013	12055	Buy call	42
08-Nov	12016	12060	Buy call	44
08-Nov	12016	11985	Short call	-31
08-Nov	11943	11973	Short call	30
11-Nov	11916	11965	buy call	49
13-Nov	11928	11917	buy call	-11
14-Nov	11880	11915	buy call	35
14-Nov	11885	11910	buy call	25
15-Nov	11890	11925	Short call	35
19-Nov	11922	11944	buy call	22
20-Nov	12008	12038	short call	30
22-Nov	11948.5	11934	buy call	-14.5
27-Nov	12097	12116	buy call	19
	Total			303.5

Buy NIfty

Buy Nifty Fut CMP -12101

Sl – 12069

Target – 12133

Call Timing:11.35 am 2^nd Dce

sell Nifty

Sell Nifty fut CMP -12101

SL-12116

Target – 12078.5

Call timing : 10.16 am 2^nd Dec

Daily news 2nd Dec

Business Standard

Ø  New Sebi framework to boost depository receipts
Ø  FPIs net buyers for 3rd month; invest Rs 23K cr in Nov
Ø  RCEP: Japan says efforts on to address India's concerns
Ø  12 companies want to shift base from China: FinMin
Ø  Telcos to gain Rs 36,000 cr/month from rate hike: Cong
Ø  Nissan, Renault, Mitsubishi Motors form a new venture

Ø  India considers investing $1.39 trn in infrastructure to spur economy
Ø  Sep quarter Debt MFs see Rs 5000-crore outflow over rating downgrades
Ø  Airtel, Voda Idea and Jio to hike mobile, data tariffs by up to 40%
Ø  Maruti Suzuki India sales down 1.9% in November at 150,630 units

Mint
Ø  DBT increased interest cost of fertiliser firms: FAI
Ø  SAIL likely to start manufacturing of speciality rails in 2 years: Official
Ø  LG Electronics India posts ₹1,534-crore profit in FY19
Ø  Mahindra & Mahindra total sales down 9 per cent in Nov
Ø  WTO: 163 countries agree to make changes in rules governing trade dispute resolution


Ø  GST collection recovers to ₹1.03 trillion in November
Ø  Tata Motors’ November wholesales drop 25%
Ø  'India is about competencies, biz prospects; discovering new opportunities'
Ø  SBI Mutual Fund writes down its entire exposure to Reliance Home Finance
Ø  Funding gap slows down startups aiming for global robotics club

Deccan Chronicle
Ø  LIC earns over Rs 14,000 crore profit from stock markets in current financial year
Ø  Axis Bank more than doubles loan provisions for troubled sectors
Ø  Jio boxed into corner; CII, FICCI join cause to seek relief for telcos
Ø  Deadline for filing returns with NFRA extended
Ø  Investors seek proactive steps to guard against broker default
Ø  Indian car buyers becoming less price conscious: JD Power
Ø  Estimates of 2020 sugar production, exports vary

Daily News 29th Nov

*Economic Times*
Ø  With $78 bn, India highest overseas remittance receiver
Ø  ABB India gets NCLT nod for demerger of power biz
Ø  Assocham seeks intervention on impact of AGR ruling
Ø  India sets 31,696-MW solar power generation target
Ø  Government trying to revive BSNL, MTNL
Ø  Karvy Stock Broking challenges Sebi order in SAT
Ø  Govt appoints Deloitte as advisor for BPCL stake sale

*Business Standard*
Ø  Govt wants RBI to take over stressed assets of shadow banks: Report
Ø  Essar Steel lenders may get more than Rs 42,000 cr from resolution process
Ø  Examining financial irregularities by Indiabulls Group: Centre to Delhi HC
Ø  Moody's sees India Inc struggling for credit in 2020 as slowdown weighs
Ø  Aurobindo Pharma arm to buy certain biz assets of Profectus BioSciences

*Business Line*
Ø  More worries for govt as Q2 GDP growth likely to be below 5%
Ø  Govt seeks ₹21,000 crore as supplementary grant
Ø  Tata Steel begins talks with European Works Council on job cuts
Ø  BPCL gets Cabinet approval for additional equity investment in E&P arm, Mozambique LNG
Ø  Mukesh Ambani in talks to sell news assets to Times Group

*Mint*
Ø  Deutsche Bank to complain against Bajaj Allianz’s move to annul bonds
Ø  Network18 denies reports on assets sale to Times Group
Ø  Fiscal slippage woes spark FII sell-off in debt markets
Ø  Sebi passes settlement order against ICICI Securities
Ø  Government mulls more relief for real estate sector, NBFCs
Ø  Manchester City owners buy majority stake in Mumbai City FC

*Financial Express*
Ø  Finance panel tenure extended; award period now till FY26
Ø  Paytm in talks to raise another $1 billion funding: Sources
Ø  Jaypee lenders ask NBCC to sweeten land-debt swap deal
Ø  NSE plans to digitise 50% regulatory processes
Ø  Supplementary demand: Capital infusion into insurers, IDBI Bank part of extra Rs 21,246 crore spend

*Deccan Chronicle*
Ø  Govt notifies WTO about intent to make gold hallmarking must
Ø  Reliance Industries first Indian firm to hit Rs 10 lakh crore market valuation
Ø  Use telematics to price motor policies: IRDAI
Ø  Cement demand fails to pick up on multiple woes
Ø  Govt mulls absorbing Rs 50,000 crore Air India debt

Daily news 28th Nov

Business Standard

Ø  States' rising debt pose threat to India's fiscal deficit target

Ø  Sebi working on related-party transaction norms: Tyagi

Ø  No recession in Indian economy: Nirmala Sitharaman

Ø  Trai floats paper on transparent reporting of tariffs

Ø  Govt has no plans to reduce price for 5G spectrum

Ø  Telecom sector records Rs 41k cr dip in gross revenue




Ø  Plan ready for Rs 100-trn investment in infra, Rs 50-trn in Railways: Goyal

Ø  Investments in equity MFs rose 35% QoQ to Rs 24,000 cr in Jul-Sep: Report

Ø  BSE, NSE issue norms to list commercial papers, bring them under Sebi

Ø  Retail boost for logistics, warehousing: Investment rises by $7 bn in 2 yrs

Ø  UPI transactions in July-Sep up 183% at 2.7 bn; value jumps to Rs 4.6 trn


Mint

Ø  Moody’s expects Centre’s fiscal deficit to rise to 3.7%

Ø  Coal production in India up by 164.58 MT in 5 years

Ø  US cuts funds for WTO Appellate Body drastically

Ø  India seeks review of FTAs with ASEAN, Japan: Goyal

Ø  JSW Cement to invest ₹2,875 cr to add 11 mtpa capacity

Ø  Biocon, Mylan get USFDA nod for pegfilgrastim drug substance licence



Ø  PMC Bank scam: Mumbai court gives nod to sell jets, yacht of Wadhawans

Ø  Govt to divest 100% stake in Air India, says aviation minister Puri

Ø  Jet Airways’ creditors extend date for submission of resolution plan to 16 Dec

Ø  Sebi lays guidelines for listed REIT, InvIT on preferential issue

Ø  Two ex-directors at ZEEL resigned over management decisions


Deccan Chronicle

Ø  Indian Textile Industry can reach $300 Billion by 2030: CII

Ø  Cabinet approves extension of jute packaging norms for foodgrains, sugar

Ø  Government hikes authorised capital of FCI to Rs 10,000 crore

Ø  JSW Cement defers IPO, sets new capacity target for 2023

Ø  Crude steel production capacity on increase in country

Ø  Rupee settles 15 paise higher at 71.35 against US dollar

Ø  Sical to sell or hive off businesses to pare debt

Ø  Cement demand fails to pick up on multiple woes

Ø  CreditAccess to acquire Madura MFI for Rs 876 crore

Buy NIfty Fut 27th Nov

Buy Nifty Fut @ CMP 12097

Sl-12080

Target 12127

Call timing: 2.55 pm 27^th Nov

buy NIfty 27th NOv

Buy Nifty Fut only above :12121
Sl-12089
Target-12165

Call timing: 9.48 am 27th Nov

Daily news 27th Nov

Business Standard

Ø  CCI finds Tata, SKF & Schaeffler guilty of collusion
Ø  Steel sector may face short-term disruption: Report
Ø  State-run firms to clear over $1 bn owed to green cos
Ø  Reliance Capital defaults on debt repayment
Ø  Moody's warns BPCL of potential downgrade on govt sale
Ø  London Stock Exchange shareholders bless $27 billion Refinitiv deal

Ø  Risk of undercapitalisation for state-owned institutions: Nobel winner
Ø  RBI revises framework on currency swap arrangement for SAARC countries
Ø  RBI mulls one-time rollover loan recast of select real estate firms
Ø  Sebi ban on Karvy over client fund misuse unnerves India's retail investors
Ø  US FDA pulls up Ipca Labs for manufacturing violations at Gujarat plant

Mint
Ø  States need to raise infrastructure spending to Rs 110 lakh cr over next decade: Crisil
Ø  India Ratings lowers India's Q2 GDP growth to 4.7%; FY20 forecast at 5.6%
Ø  Singapore’s PSA buys 50 per cent stake in Indian logistics hub for $93 million from CMA CGM
Ø  Coffee Day Global sale may be delayed as valuation dips by half
Ø  Birla MF side-pockets ₹793-crore investment in Essel Group firm

Ø  IKEA sees Mumbai among top 30 global markets, makes biggest investment so far
Ø  Capital Small Finance Bank raises ₹84 crore from OIJIF
Ø  Ant Financial to raise $1 bn investment fund for India, Southeast Asia startups
Ø  Govt collects ₹729 cr from sale of 10% stake in RITES
Ø  RBI revises framework on currency swap arrangement for SAARC countries


Deccan Chronicle
Ø  RBI red flags rising Mudra bad loans
Ø  GST authorities unearth racket involving Rs 140 crore tax fraud
Ø  Reliance Nippon Life adequately capitalised, no need for fresh
Ø  Bata to use multi-channel retail strategy to reach more customers
Ø  Tejas Networks signs pact with Bharat Electronics
Ø  Rupee rises 24 paise to 71.50 against US dollar
Ø  Discoms may get loans to clear dues to RE firms
Ø  Reliance Naval surges 700 per cent in record streak
Ø  Sical to sell or hive off businesses to pare debt
Ø  Citigroup cuts gold’s three-month target

Daily news 26th Nov

*Economic Times*
*Business Standard*

Ø  IndiGo director asks US Court to revoke summons
Ø  Govt got Rs 4,973 cr revenue from auctioned coal mines
Ø  Airtel, Jio bid for RCom telecom assets
Ø  12.23 lakh new jobs created in Sept: ESIC payroll data
Ø  Govt moves NCLT to reopen CG Power books
Ø  FM introduces Bill in Lok Sabha to cut corporate tax
Ø  Saudi Aramco IPO retail subscription at $5.8 billion, says lead manager
Ø  ICRA downgrades Bharti Airtel's long term rating from "AA" to "AA-"
Ø  Total loan portfolio of DHFL at Rs 95,615 crore: Govt to Lok Sabha
Ø  Foreign portfolio investors pour in $6 billion in the past two months
Ø  Oil prices hold above $63 a barrel on US-China trade talks optimism
Ø  Price-fixing charges: Sun Pharma in talks with US to end anti-trust probe
*Business Line*
*Mint*
Ø  Ind-Ra downgrades long-term issuer rating of Texmaco
Ø  Novartis to buy US biotech The Medicines Co for $9.7 billion
Ø  Salcomp buys Nokia's Sriperumbudur plant to make Apple chargers
Ø  LVMH to buy Tiffany for $16 billion in largest-ever luxury-goods deal
Ø  CG Power forays into EV bus segment
Ø  PFRDA releases valuation norms for NPS pension funds
Ø  Zee Entertainment board accepts Subhash Chandra's resignation as chairman
Ø  BSNL, MTNL VRS scheme: Over 92,000 employees opted so for
Ø  Shut down 4,774 industries in residential areas immediately: NGT
Ø  10 states unequipped to ensure food safety: FSSAI
*Financial Express*
*Deccan Chronicle*
Ø  SC notice to finance ministry, others on Adani plea seeking duty parity
Ø  Number of captive coal blocks slips to 11 so far from 17 in FY19
Ø  Shuttl raises $18 million from SPARX Group, Toyota Tsusho Corporation
Ø  PSBs collect Rs 1,996 crore in minimum balance penalty in FY’19
Ø  Sensex scales new high, soars 530 points; Nifty closes above 12,050
Ø  Paytm raises USD 1 billion in fresh funding
Ø  Sebi to tighten rules for brokers after Karvy debacle
Ø  Gold declines Rs 166 on weak global trend
Ø  2.75 lakh houses will be ready by 2020

Daily news 25th Nov

Business Standard

Ø  JV plans: SAIL awaits ArcelorMittal response

Ø  CAIT levels tax avoidance allegations on ecomm cos

Ø  Aurobindo Pharma aims to become debt free in 3 yrs

Ø  BPCL asked to submit valuation of company in 50 days

Ø  NTPC likely to issue green bonds to raise funds

Ø  Sebi plans to implement data analytics project

Ø  ECL Finance's NCD Tranche II oversubscribed

Ø  Govt to amend IBC to ring-fence buyers of stressed assets from prosecution

Ø  Karvy group's liquidity to stay stretched over medium term: CRISIL

Ø  Airtel, RIL, three others may submit bids for RCom assets on Nov 25

Ø  Govt's privatisation plan may end complex cross-holding in oil PSUs

Ø  RCom lenders reject resignation of Anil Ambani, 4 other directors


Mint

Ø  Key WTO body may become dysfunctional from Dec 11

Ø  PSUs need roadmap for growth, exports: CII report

Ø  Post Brexit, India can use Ireland as window to EU: Envoy

Ø  Government to consider cut in reserve price of rice

Ø  USFDA red flags Torrent Pharma’s US-based plant for manufacturing violations

Ø  India's PSUs should bid for international projects as consortium: Report

Ø  ETFs funds account for 82% of selloff proceeds: DIPAM

Ø  FPIs pour ₹17,722 crore into Indian markets in November so far

Ø  After Jet's demise, Lufthansa plans to strengthen partnerships with AI, Vistara

Deccan Chronicle

Ø  India's gold imports dip 9% in April-October period

Ø  Amar Ujala bets on healthcare; acquires majority stake in Cygnus Medicare

Ø  ISPAI seeks legal view on DoT’s demand for statutory dues; says order unnecessarily imposed on ISPs


Ø  Monetary Policy Committee to be split on rate cut decision

Ø  Gold imports dip 9 per cent during Apr-Oct

Nifty Fut -22 Nov

Buy Nifty Fut above 11948.5
Sl-11934
target-11974
Call timing-11.04 am  22nd Nov

Daily news 22nd nov

Business Standard

Ø  Economy to stay at low ebb in Q2, says ICRA

Ø  Niti Aayog asks India Inc to assess CSR impact

Ø  PSU banks disburse Rs 2.52 lakh crore loans in October

Ø  SBI MF to be listed within next 2 years: CEO

Ø  India Inc's M&A deal value slips 45% in Oct: Report

Ø  BPCL, Concor sale to fetch $15-20bn: Mukherjea

Ø  SBI admits to making many poor commercial decisions





Ø  Sony in talks to buy stake in Mukesh Ambani's Network18 TV media group

Ø  UTI MF eyes Rs 10,000 cr valuation in IPO, 25%-30% stake to be on sale

Ø  Buyers may turn their back on DHFL over KPMG audit report concerns

Ø  NTPC may shell Rs 10,000 crore for Centre's stake in NEEPCO, THDC: Report

Ø  Plastic exports likely to remain flat in FY20 due to economic slowdow

Mint

Ø  Zee promoters sell 16.5 per cent stakes to repay loans

Ø  Laurus Labs gets 3 USFDA observations in API product inspection

Ø  JSW group promoter Sajjan Jindal repays ₹200-cr debt

Ø  USFDA approves Zydus Cadila’s Dinitrate tablets, Desonide Cream

Ø  Expression of interest invited for resolution of KSK Energy





Ø  Tech Mahindra, Business Finland ink MoU for R&D in 5G, 6G technology

Ø  No more amendments to Motor Vehicles Act: Govt

Ø  Saudi Aramco order book reaches 73 billion riyals so far

Ø  Drugmaker Sanofi said to weigh options for $30 bn consumer-health business

Ø  State-run banks disburse over ₹2.5 tn in October: FinMin


Deccan Chronicle

Ø  OECD trims global 2020 economic growth forecast

Ø  Government to set up unified regulator for IFSC

Ø  Govt may offer relief on AGR if Airtel, Vodafone Idea, other telcos get reprieve from SC

Ø  LCR frameworks will improve NBFCs’s liability profile: Ind-Ra





Ø  Sensex ends 76 points lower; Nifty below 12,000

Ø  Realty sees 115 insolvency cases, $1 billion stressed deals

Ø  US Fed members unanimously reject negative rates: Minutes

Ø  Sundaram opens feeder FoF of Global Advantage Fund

Buy Nifty - 21st Nov

Buy NIfty Fut CMP - 12006
SL - 11990
Target - 12030

Call timing - 12.08 pm 21st Nov

Daily news 21st Nov

Business Standard

Ø  Sebi tightens disclosure norms on loan defaults
Ø  MFs will join DHFL resolution process: Sebi chief
Ø  Bank credit grows by 8.07%, deposits 9.92%: RBI data
Ø  Housing projects worth $66 bn face IBC proceedings
Ø  Govt mulls forex loan at cheaper rate to exporters: Goyal
Ø  BSNL-MTNL merger may be completed in 2 yrs: Govt



Ø  Govt clears Code on Industrial Relations Bill; retrenchment norms not eased
Ø  Cabinet approves strategic sale of govt stake in BPCL, 4 other CPSEs
Ø  Subhash Chandra to sell 16.5% stake in Zee, become minority shareholder
Ø  Tariff hike may cause slower net user addition for telcos: BofA-ML report
Ø  Piramal gets waiver on debt contract after offering to pay Rs 15 bn early



Mint
Ø  Telecom, aviation, auto sectors report highest losses in Q2
Ø  Better rainfall led to lower power demand in October: Power Ministry
Ø  CIL to develop 55 new coal mines in next 5 yrs: Minister
Ø  Company continuously working on a resolution plan: Suzlon
Ø  ECU Worldwide buys controlling stakes in Hong Kong and Singapore logistics firms
Ø  Singapore’s Cube wins highways bid


Ø  Cabinet approves two-year moratorium on spectrum payments for telcos
Ø  Tata Motor's JLR to face challenging times even in next fiscal: Moody's
Ø  Asia needs $800 billion over the next decade to feed itself
Ø  Homebuyers have filed over 1,800 cases under insolvency law: Govt
Ø  NCLAT extends deadline for implementation of Patanjali's bid for Ruchi Soya



Deccan Chronicle
Ø  Central American nation Costa Rica seeks Preferential Trade Agreement with India
Ø  China cuts new benchmark rate to boost economy
Ø  NCLAT rejects DBS Bank’s plea challenging distribution of funds from Ruchi Soya resolution plan
Ø  India appeals against WTO panel ruling on export incentive schemes


Ø  Reserve Bank of India supersedes DHFL board
Ø  Rupee settles 10 paise lower at 71.81 against US dollar
Ø  Moody's assigns Baa1 rating to ONGC's proposed senior unsecured notes
Ø  Telcos have to pay Rs 1.47 lakh cr dues; no proposal to waive off penalty: Prasad
Ø  Govt plans incentives for 324 foreign manufacturers

Sell NIfty - 20th Nov

Sell Nifty Fut @ cmp - 12038
Sl-12065
Target 1 - 12008
Target 2 - 11993

Call timing 1.22 pm 20th NOv

Buy Nifty Fut - 19th Nov call

Buy Nifty Fut above 11922

Sl-11907

Target – 11944

Call timing – 10.32 am

19^th Nov

News 19th Nov

*Business Standard*

Ø  RBI can now seek resolution of NBFCs having assets
Ø  Air India extends bridge-loan bids for Boeing purchase
Ø  GoAir inks pact with Emirates National Oil Co for fuel
Ø  Surplus transfer from RBI to depend on income: FM
Ø  RBI working on strengthening its supervisory skills
Ø  Advent set to buy controlling stake in Bharat Serum
Ø  Govt approves strategic stake sales in 28 PSUs
Ø  YES Bank begins talks to extend November 30 binding offer deadline
Ø  India committed to becoming a $26-bn defence industry by 2025: Rajnath
Ø  NHAI to focus on execution, not on awarding new road projects: CRISIL
Ø  ArcelorMittal hopes to complete Essar acquisition by December end
Ø  Edelweiss to transfer wholesale loans worth Rs 2,000 crore to AIF
*Business Line*
*Mint*
Ø  Global trade in Q4 of 2019 likely to be below trend: WTO
Ø  Company Law Committee bats for de criminalising 46 penal provisions
Ø  HeidelbergCement mulls acquisitions, brand push
Ø  Global PE firm Advent picks up majority stake in Daftary’s BSV
Ø  Nissan recalls nearly 400,00 vehicles over braking system defect
Ø  Synergy Group seeks time to bid for Jet Airways
Ø  Aditya Birla Idea Payments Bank headed for liquidation
Ø  Urban Ladder swings to profitability after battling losses, exits
Ø  Government Panel recommends review of disciplinary rules on directors, auditors
Ø  Tata Motors to supply 500 electric cars to Lithium Urban Technologies
Ø  Shree Cement seeks to raise over ₹2,000 crore via QIP
Ø  ICICI Bank plans ₹20,000 cr capital boost via QIP
*Financial Express*
*Deccan Chronicle*
Ø  PNB, Union Bank get in-principal nod from govt for proposed merger
Ø  Govt mulling to reduce upfront payment for larger coal blocks to attract investors
Ø  World goods trade may remain below trend in Q4 2019: WTO
Ø  Government notifies Steel Scrap Recycling Policy: Dharmendra Pradhan
Ø  TRAI hopes to finalise views on call connect charges by Nov-end: Official
Ø  Frequent FDA visits slow down pharma exports: GV Prasad
Ø  Major recovery for SBI, ICICI from Essar verdict
Ø  NBCC, Suraksha Realty submit revised bids for Jaypee Infra

Buy Nifty

buy Nifty fut only above 11940
Sl-11904

Sell Nifty

Sell Nifty Fut @ CMP 11925
SL-11960
Target 1 - 11890
Target 2 - 11872 

Daily news 15th Nov

Business Standard

Ø  Govt plans to cut stake in IOC to below 51%
Ø  ONGC Q2 profit slumps 24%; misses Street estimates
Ø  Airtel flags ‘going concern’ risk after big Q2 loss
Ø  GST return forms simplified, filing dates extended
Ø  India resumes buying Malaysian palm oil
Ø  Alstom to deliver 10 electric locomotives to rlys this fiscal
Ø  L&T Cap likely to sell Dubai Wealth business


Ø  At Rs 6 trn, CBDT's direct-tax mop-up so far less than 50% of FY20 target
Ø  56% UK companies upbeat about doing business in India: UKIBC Report
Ø  Sebi allows exchanges to modify commodity derivatives contracts
Ø  Glenmark Pharma net declines 38% to Rs 255.54 cr in September quarter
Ø  Grasim Industries Q2 net jumps to Rs 1,473 cr on good show by subsidiaries


Mint
Ø  Steel companies hike prices by Rs 500-750 a tonne for the first time this fiscal
Ø  UK companies say business with India may increase after Brexit
Ø  Q2 results: NBCC reports net loss of Rs 90.91 crore
Ø  Vedanta Q2 profit rises 61% to Rs 2,158 cr
Ø  Several wind power projects miss completion deadlines
Ø  GVK Power’s Q2 loss widens to Rs 159 cr


Ø  PNB bank fraud: CBI set to file fresh charges in $2 billion scam, says report
Ø  Union Bank of India posts Q2 net loss at Rs1,194 crore
Ø  Malvinder Singh, former Fortis Healthcare promoter, arrested
Ø  Moody's affirms RIL's Baa2 ratings with a stable outlook
Ø  CCI approves Adani's 23.5% stake-buy in Mumbai International Airport
Ø  India resumes buying Malaysian palm oil as Kuala Lumpur offers discount

Deccan Chronicle
Ø  US-China trade war is good news for India’s this export business
Ø  Walmart Q3 earnings surge to $3.3 billion, beating expectations
Ø  Downgrade: Now, Moody's cuts India GDP forecast for 2019 to 5.6%
Ø  Govt may hive off India Post's life insurance biz into separate company


Ø  Wholesale price index eases to 0.16 per cent in October
Ø  Sensex ends 170 points higher; bank, IT stocks save the day
Ø  'RBI to cut rates by 40 bps by Feb despite high inflation
Ø  Aurobindo Pharma Ltd unit gets 14 observations
Ø  Gold supply by domestic refineries dips by one-third

Buy NIfty

Buy Nifty Fut @ above 11885

Sl-11866

Target-11910

Buy Nifty

Buy Nifty at CMP 11880

Sl-11842

Target 1-11915

Target 2 -11930

Daily news 14th Nov

*Business Standard*

Ø  Pay AGR dues as per SC order: DoT to telcos
Ø  CPI hits 16-month high, breaches RBI's target
Ø  CoC extends RCom's asset bid deadline by 10 days
Ø  Govt to institutionalise social audits in rural schemes
Ø  KEC International bags new orders of Rs 2,255 cr
Ø  US tech body opposes India's bid for data localisation
Ø  India's growth should bottom out in Dec qtr: CLSA
Ø  Voda boss says Indian JV remark distorted, apologises to govt
Ø  Major ports record muted performance on fall in coal, fertilizer cargo
Ø  Indian plastic exports to Pakistan decline by 91% on soured relations
Ø  MFs' exposure to NBFCs down 30% in 15 months since IL&FS crisis broke out
Ø  Sebi puts in place disclosure framework for municipal debt securities
Ø  HAL profit up 116% to Rs 621 cr in Sep quarter; revenue grows 32%
Ø  Liquidation of Voda-Idea may mean $1.7-trillion hit for shareholders

*Mint*

Ø  ITC to pick up 33.42% stake in vending machine maker Delectable
Ø  SAT to hear RIL appeal against SEBI in ₹2,000 crore Reliance Petroleum case
Ø  RBI sees sharp fall in consumption
Ø  CG Power’s foreign subsidiaries face financial crunch, legal issues
Ø  NBCC, Suraksha Realty asked to submit fresh bids to buy Jaypee Infratech
Ø  Railways records lowest freight loading since 2010
Ø  ABB India pulls off strong profit growth but order flow concerns remain
Ø  SpiceJet Ltd reports ₹461 crore September quarter loss
Ø  BSNL to raise ₹15000 crore through sovereign bonds next month
Ø  US-based Dole Food Co to enter India through tie-up with Future Group
Ø  High levies, low tariffs double whammy for telecom industry
Ø  Yes Bank faces fresh audit into complaints by whistleblower

*Deccan Chronicle*

Ø  Vedanta SEZ in Odisha seeks permission to locally procure petroleum coke
Ø  NBCC, Suraksha Realty asked to submit fresh bids to acquire Jaypee Infratech
Ø  Red-flagging exposures: Banks may classify DHFL as fraud account
Ø  Adani Power second quarter profit falls 99% on poor sales
Ø  Rupee tumbles 62 paise, could remain weak
Ø  Sensex tumbles 229 points as weak macro data, rupee woes weigh
Ø  NABARD seeks credit disbursal from banks on monthly basis
Ø  RBI becomes net buyer of dollars in Sept, bought USD 5.61 billion
Ø  Dividend tax burden may shift to investors

Buy Nifty

Buy NIfty Fut @ CMP - 11928
Sl-11908
Target - 11968

Daily News 13th Nov

*Business Standard*

Ø  India invites foreign firms to invest in oil sector
Ø  Another whistleblower guns at Infosys CEO Parekh
Ø  India's July-Sep quarter GDP numbers crucial: Report
Ø  Tata Group is looking for a partner to help fix Jaguar business
Ø  IL&FS gets banks' nod for sale of education biz
Ø  Tata Motors global wholesales dip 19% in October
Ø  JSW Steel output falls 13 per cent to 12.54 LT in Oct
Ø  Stability, regulatory reforms to boost economic growth: BSE MD Chauhan
Ø  India-Asean bilateral trade may double by 2025 to $300 billion: Study
Ø  Govt to consider TCS, Infosys offers to set up infotech SEZs on Nov 15
Ø  Aurobindo consolidated Q2 profit before tax up 5.9% at Rs 904 crore
Ø  UltraTech to sell stake in Bangladesh-based units to HeidelbergCement

*Mint*

Ø  India can gain from US-China trade war: RBI study
Ø  SBI's Economic Research team cuts India's FY20 GDP forecast to 5%
Ø  Tata Motors’ India operations face acute challenges: Moody’s
Ø  MMTC extends tender offer to sell 6% stake in ICEX till November
Ø  States should scrap APMCs and move on to eNAM: FM
Ø  Apple tops India premium segment with 51.3% market share in Q3, says IDC
Ø  Moody’s downgrades Macrotech Developers (Lodha ) to Caa1
Ø  India, other BRICS members to strengthen cooperation in digital economy: Modi
Ø  Embassy REIT to raise debt, equity to fund acquisitions
Ø  Airbnb counts India among its top three fastest growing EMs

*Deccan Chronicle*

Ø  India to cross 200 GW renewable energy capacity mark by 2022: Power Minister RK Singh
Ø  Lodha group arranges $325 million fund to repay bonds maturing in March
Ø  Ahead of meet with USTR, Piyush Goyal flags 'predatory pricing' in e-commerce
Ø  Airtel submit bids for RCom spectrum; Jio seeks deadline extension by 10 days
Ø  Coal India Q2 net profit up 14 pc to Rs 3,522 crore
Ø  Solar installations drop 35 per cent in first half
Ø  Oil tanker to become Asia’s refuelling hub
Ø  Vodafone's future in India in doubt after latest setback
Ø  Govt within its rights to hold spectrum auction: COAI
Ø  Jindal Stainless reports Q2 profit at Rs 52 crore

Buy Nifty

Buy Nifty Fut above 11916
SL - 11881

Daily news 11th Nov

Business Standard

Ø  Indian economy currently facing challenges, says FM

Ø  IOCL to set up Rs 766-cr 2G ethanol plant in Panipat

Ø  DoT directs to deal Airtel, Tata Tele as separate cos

Ø  RIL cuts price for KG-D6 gas after customer protests

Ø  355 infra projects show cost overruns of Rs 3.88L cr

Ø  Oil India Q2 net profit slips 27% to Rs 627 crore

Ø  Red alert is flashing on bond traders' radar screen



Ø  100% FDI in coal mining will help India to reach 300 MT target: Deloitte

Ø  Shipping ministry not opposed to strategic divestment of SCI: Official

Ø  Saudi Aramco's record IPO starts November 17; offer size pending

Ø  Shree Renuka Sugars posts net profit of Rs 2,739.6 crore for Sept quarter

Ø  Maruti Suzuki production slashed 21% in Oct; cut for ninth month in a row


Mint

Ø  OECD invites public inputs on Global Anti-Base Erosion proposal

Ø  Moody’s changes India’s outlook to ‘negative’

Ø  India, 16 others complain to WTO about EU’s residue limits for pesticides

Ø  New Zealand sees big potential to cooperate with India in dairy sector

Ø  IOCL gets Environment Ministry’s clearance to set up 2G ethanol plant in Panipat



Ø  Norwegian  financier NMI aims to raise the stakes in India

Ø  Shareholders ask Fortis to act on IHH open offer

Ø  Indian tech startups eyeing IPOs in US may face greater investor scrutiny

Ø  No claimants for dormant Swiss bank accounts of Indians; may soon get liquidated

Ø  Centre's sell-off yield at ₹12,995 crore, target ₹1.05 trillion


Deccan Chronicle

Ø  Govt may extend anti-dumping duty on imports of clear float glass

Ø  SEPC urges govt to add services under export incentive scheme to promote sector overseas

Ø  FPIs invest over Rs 12,000 cr in first week of November

Ø  Weak consumer spend hits India Inc sales in July-September



Ø  Services exhibition to be held from Nov 26-28 in Bengaluru to attract investment

Ø  Bank fraud: ED attaches over Rs 56-cr assets of Ahmedabad company

Ø  Lakshmi Vilas Bank Q2 net loss widens to Rs 357cr as bad loan soars

Ø  Goyal to meet USTR to discuss trade issues on Wednesday

Sell Nifty

Sell NIFTY fut @ CMP 11973
SL-12002
Target -11943

Sell Nifty

Sell Nifty Fut @ CMP 11985
SL-12016
Tg 1 -11955
Taget 2 - will keep trailing stop loss

Buy Nifty

Buy Nifty fut above 12016
SL -11980

Daily news 8th Nov

Business Standard

Ø  Single-window clearance likely for private coal blocks

Ø  India may not have shut the door on RCEP

Ø  Govt's Rs 25,000cr realty booster inadequate: ICRA

Ø  AGR ruling may hit any company with telecom licence

Ø  22,000 employees opt for BSNL VRS plan in 2 days

Ø  Sebi allows MFs to create segregated portfolio for unrated debt

Ø  Raymond to demerge core lifestyle business




Ø  Govt not planning to help banks rescue shadow lender DHFL: Report

Ø  Aramco's offer of $75 bn dividends can stretch finances during oil slump

Ø  Sun Pharma posts Rs 1,433-crore pre-tax profit in Q2, meets estimates

Ø  Tea Board open to holding talks with ITC to sort out trademark issue

Ø  Irdai directs Reliance Health Insurance to stop selling new policies


Mint

Ø  Ship-building industry to get a great boost: Union Minister

Ø  Kesoram Industries awaits NCLT nod for demerging tyres business

Ø  Cairn Oil & Gas gets 10-year extension for Ravva field

Ø  Modi to head for BRICS meet with big biz team

Ø  Powerplus Traders bags Jagannathpur B coal mine

Ø  Solar Industries’ profit jumps 61% on tax write back




Ø  China, US to lift some tariff hikes as trade talks advance

Ø  Sebi asks MFs to report any changes in terms of investments to rating agencies

Ø  CBIC’s DIN system to come into effect on November 8

Ø  DLF Q2 profit rises 19% to ₹445 crore

Ø  73% urban Indians can afford a new home, says survey

Ø  NBFCs, HFCs may be brought under bankruptcy code



Deccan Chronicle

Ø  Global debt surges to record high $188 tn: IMF chief

Ø  India may impose anti-subsidy duty on imports of copper wire rods from four nations

Ø  Corporation Bank to raise up to Rs 1,000 crore by issuing Basel III compliant bonds

Ø  PLFs of many power plants to fall to 40% by 2022: Report

Ø  India reiterates call for lifting US sanctions against Cuba



Ø  Rupee recovers losses to end flat on US-China trade deal hopes

Ø  Sensex jumps 184 point to hit new record high; Nifty reclaims 12,000 mark

Ø  Gold prices up Rs 70 on rupee depreciation

Ø  ICICI Bank opens 57 branches in AP, Telangana this fiscal

Ø  Nirmala Sitharaman reviews state of economy at FSDC meeting

STBT PEL

STBT PEL Fut

Sell PEL CMP-1794
SL-1830

Buy NIfty

Buy Nifty Fut only above 2013

SL- 1990

Sel Nifty -

Sell NIFTY Fut @ CMP of 12012
SL - 12035
Tg 1 -11983
Tg 2 -11959

Daily news 7th Nov

Business Standard

Ø  Rs 25,000 crore realty booster to help affected homebuyers
Ø  Sitharaman to chair FSDC meeting on Thursday
Ø  Jolt to Adani as HC refuses relief in Mumbai Airport case
Ø  RBI panel submits report on Core Investment Companies
Ø  NFRA, RoC seek info on whistleblower complaints: Infy
Ø  Moody’s warns of possible Yes Bank downgrade
Ø  Complete insolvency process of Jaypee in 90 days: SC



Ø  Exit from 51 PSUs can fetch govt 7 times disinvestment goal of Rs 1.05 trn
Ø  Fitch raises India's FY20 fiscal deficit to 3.6% of GDP on sluggish growth
Ø  PSU general insurance companies seek capital infusion ahead of merger
Ø  Lupin posts net loss of Rs 127 cr, US market holds key to firm's rerating
Ø  China regulator warns e-commerce platforms to stop monopolistic practices
Ø

Mint
Ø  Tata Steel Q2 net rises 6% to ₹3,302 crore on tax write-back
Ø  Four out of twenty coal mines awarded after bid
Ø  Worst may be over for global economy amid signs of stabilisation
Ø  Bajaj Electricals posts consolidated net loss of ₹32.54 crore in Q2
Ø  Emami net up 17% at ₹96 crore in Q2
Ø  Cairn Oil & Gas gets 10 year extension for Ravva Production Sharing Contract


Ø  Cipla posts 25% rise in Q2 net profit aided by strong US, India operations
Ø  Cap amount of retail and developer loans in 75:25 ratio: SBI chairman
Ø  Adani Enterprises, DIAL among 4 bidders for ₹29,560 crore Jewar airport
Ø  Lenders should be allowed to restructure real estate loans without NPA tag
Ø  Saudi Aramco IPO: China considers up to $10 billion stake
Financial Express


Deccan Chronicle
Ø  Coal Ministry not in favour of overseas acquisitions by ClL, says Pralhad Joshi
Ø  India gained $755 million in additional exports to US due to US-China trade war: UNCTAD
Ø  BSNL rolls out VRS scheme; expects 70,000-80,000 employees to avail it
Ø  Reliance again puts off gas bid to November 15 on bidders request


Ø  AstraZeneca to distribute Sun Pharma cancer medicines in China
Ø  SpiceJet board to consider Q2 results on Nov 13
Ø  Rupee settles 28 paise down at 70.97 against US dollar
Ø  Steel consumption in India set for quantum jump: Pradhan
Ø  Sensex jumps 222 points to close at record high of 40,470
Ø  Gold drops Rs 301, silver too tumbles Rs 906

Daily news 5th Nov

Business Standard

Ø  Bank loans to moderate to 25-year low in FY'20: Report

Ø  RBI cracks the whip on poorly-performing private bank CEOs

Ø  Sebi issues clarifications on PIT Regulations

Ø  1L jobs at risk as vendors seek Rs 20,000 cr from BSNL

Ø  NBFCs need better tools to detect liquidity strains: RBI

Ø  Trai defers implementation of new MNP rules indefinitely

Ø  Bajaj Finance fixes QIP floor price at Rs 4,019.78



Ø  RBI mandates 67% variable pay component for brass of private, foreign banks

Ø  Acquisition of power plants to boost JSW Energy's growth prospects

Ø  Trai extends Nov 11 mobile number portability deadline due to tech issues

Ø  Rs 800 bn stuck in stalled realty projects; NBFC concerns overdone: Citi

Ø  NBFCs will have to maintain liquidity coverage ratio, says RBI

Ø  Bandhan Bank board okays increase in foreign investment to 49%


Mint

Ø  Infosys: No prima facie evidence to support allegations of whistleblower group

Ø  India, Japan review situation in Indo-Pacific

Ø  SEBI frames new diktat for credit rating agencies

Ø  Infosys: No prima facie evidence to support allegations of whistleblower group

Ø  Sundram Fasteners’ Q2 profit falls 36%



Ø  ₹92,000 cr telecom fine may have a ripple effect on digital economy

Ø  RBI extends rollout date for LCR norms to Dec next year

Ø  Tata Power, Rockefeller Foundation plan 10,000 microgrids across rural India

Ø  Current economic downturn seems self-inflicted through GST, note ban: Report

Ø  Uber India allots shares worth ₹2,540 crore to Dutch group entity


Deccan Chronicle

Ø  Tata Steel arm to sell entire stake in NSV for Rs 36 crore

Ø  Vendors mull insolvency action against BSNL, MTNL for pending payments

Ø  MSMEs attract 85% industry credit in September; monthly growth turns positive for 1st time in FY20

Ø  Indian companies evade large part of CSR mandate; half of them don’t even report


Ø  India's October gold imports drop 33 pc on weak festive demand: source

Ø  Housing sales down 9 per cent, new units drop 24 per cent

Ø  Cadila Healthcare’s Moraiya facility gets FDA warning letter

Ø  Sensex hits record peak of 40,435; Nifty nears 12,000

Ø  Burger King India looks to raise Rs 400 crore from IPO

Daily news 4th Nov

Business Standard

Ø  India to make South Asia the global growth centre: IMF

Ø  'Over 3,400 branches of PSBs closed or merged in 5 yrs'

Ø  Stopped payment to creditors after court orders: DHFL

Ø  Yes Bank's asset-quality woes to continue: Report

Ø  Maruti 'cautiously optimistic' on future sales

Ø  Thomas Cook India not part of global sale to Fosun

Ø  Saudis may reduce Aramco IPO size to $1.6 trillion



Ø  FEMA norms may raise investment bar on foreign-owned mutual funds

Ø  Despite unavailability of MAT credit, 60% of firms opt for lower tax regime

Ø  Minimum wage for workers likely to increase in next three months

Ø  MCA floats a new testing proposal to filter frivolous independent directors

Ø  McNally Bharat pins hope at strategic investors and partners for revival

Ø  Experts raise alarm bells on talent flight amid crackdown on audit firms


Mint

Ø  US Treasury Secretary holds talks with RBI Governor Shaktikanta Das over economy

Ø  NHAI terminates concession pacts of 2 IRB Infrastructure road projects

Ø  Siemens signs MoUs with NTPC, TERI on decarbonisation, energy transition

Ø  Unichem Labs Q2 net loss narrows to Rs 22.2 crore

Ø  SEBI directive: Banks start disclosing divergence in asset classification and provisioning


Ø  Traders' body CAIT to launch nation-wide movement against Amazon, Flipkart

Ø  Mutual fund houses approach Sebi with 125 new schemes in 2019 so far

Ø  Two-phased strategic disinvestment for BPCL likely

Ø  Prasad directs BSNL, MTNL to proceed quickly on VRS, asset monetisation plans

Ø  Fundraising by PE, VC firms in January-September at a five-year high


Deccan Chronicle

Ø  Finance Ministry plans next tranches of CPSE, Bharat 22 ETFs in fourth quarter

Ø  Yes Bank looking for $1.2 billion funding by December, give board seat to new investors

Ø  TCS, Wipro in fray to manage Irdai’s Business Analytics Project

Ø  RERA officials to approach housing ministry for clarity vis-a-vis IBC


Ø  Power gencos' outstanding dues on discoms rise 37 pc to Rs 70,000 cr in Sept

Ø  Germany to invest 1 billion euros for green urban mobility in India

Ø  RBI revamps departments for effective supervision, regulation of banking sector

Daily news 1st Nov

Business Standard

Ø  YES Bank gets a binding offer for $1.2 bn
Ø  India loses major WTO dispute to the US
Ø  Sebi tightens rules for bad loan disclosures by banks
Ø  Not leaving India, will back JV: Vodafone UK
Ø  PSBs extend support of Rs 2.56L-cr to stressed NBFCs
Ø  Coal India's October production may fall 20%
Ø  China doubts long-term trade deal possible with Trump



Ø  Irdai asks insurers to give details on exposure to DHFL, IL&FS, ADAG
Ø  FinMin claims huge progress in report on measures to boost economy
Ø  IOC Sept quarter net profit slumps 83% at Rs 563.4 crore
Ø  Govt not considering any proposal for gold amnesty scheme: Report
Ø  Syndicate Bank posts Rs 251-cr Q2 profit, versus Rs 1,543-cr loss last year
Business Line


Mint
Ø  Core sector output falls 5.2 per cent in September
Ø  Fiscal deficit reaches 92.6 per cent for six months
Ø  Tube Investments’ Q2 PAT grows 58% at ₹90 crore
Ø  Adani Transmission bags two projects from REC Transmission in Gujarat
Ø  IBC: No back-door entry for ineligible promoters in liquidation proceedings


Ø  India's sugar output seen falling, global deficit rises
Ø  GSK Consumer Healthcare re-launches Crocin Pain Relief
Ø  Govt actively taking steps to boost economy: FinMin
Ø  ShopClues to merge with Singapore-based Qoo10
Ø  GM recalls 638,000 US SUVs, trucks for unintended braking
Ø  Paytm Mall trims losses by 34% in FY19 to Rs1,171 crore
Financial Express


Deccan Chronicle
Ø  India loses export incentive case filed by US at WTO
Ø  Rescuing former cash cows BSNL, MTNL is widening India’s fiscal deficit
Ø  7000 businesses to be set-up in these states under SIDBI’s mega move to boost entrepreneurship
Ø  Digital payments surge to dent banks’ revenues by $9 billion
Ø  Reliance Jio says telcos have sufficient capacity to pay dues after SC verdict


Ø  Auto sector's contribution to GDP may slip to 7 pc this fiscal: Acuite Ratings
Ø  No more FTAs signing in rush assures Piyush Goyal
Ø  Muthoot Finance board approves USD 450 mn fund-raise
Ø  Sensex closes at 40,129, extends gains for 5th session
Ø  Gold prices up Rs 115 to Rs 39,017 per 10 gram
Ø  Banks' payments revenues to dent by USD 9 billion by 2025: report

Daily news 31st oct

Business Standard

Ø  US economy grows 1.9% in Q3 despite trade war

Ø  Indian, Chinese economies to accelerate in Q4: Report

Ø  Govt may not cut Income tax rates due to fiscal stress

Ø  Unitech loses property in Noida over Rs 1,203 cr dues

Ø  Fitch places Airtel rating on negative watch on SC ruling

Ø  Govt-RIL at loggerheads over sale of gas





Ø  India ranks third among Asian countries for environmental sustainability

Ø  Canara Bank to issue shares to govt in lieu of Rs 6,571-cr capital infusion

Ø  AIF industry eyes Rs 2.9-trillion opportunity in cash-strapped firms

Ø  Standard Life sells about 5% stake in HDFC Life Insurance for Rs 5,752 cr

Ø  CCI approves Abu Dhabi Future Energy's equity stake purchase in Hero Future


Mint

Ø  BHEL to showcase advanced ultra-supercritical technology for generating clean power

Ø  International Paper APPM sells 55% stake to WCPM

Ø  JK Tyre Q2 net profit jumps multifold to ₹168 crore

Ø  Indoco Remedies posts net profit of Rs 7.81 cr in Q2

Ø  SAIL may replace NMDC in JV with Australian firm for steel making

Ø  Nestle to weigh $1 bn sale of local Chinese brands





Ø  Abu Dhabi’s Masdar to buy minority stake in Hero Future Energies

Ø  HDFC acquires 9.89% stake in Bandhan Bank

Ø  COAI’s plea to DoT to bail out older telcos unwarranted: Jio

Ø  Blackstone buys 37.5% stake in Aakash Educational Services

Ø  ShareChat FY19 losses surge 12-fold at Rs414.7 crore

Ø  KKR sells 5.46 million SBI Life shares for Rs533.7 crore



Deccan Chronicle

Ø  Finance Commission weighing incentives for states for farm reforms

Ø  Marine exports to China may cross $1-billion mark by year-end

Ø  Air India seeks $819 million loan for 7 Boeing planes

Ø  Apple India net profit falls 70% to Rs 262 cr in FY’19

Ø  Firms bank on Commvault to leverage unstructured data sans security breaches





Ø  IDBI Bank sells over 0.72 per cent stake in NSE

Ø  Rupee slips 6 paise against dollar ahead of US Fed policy outcome

Ø  India will not sign any free-trade agreement in a rush: Goyal

Ø  PMC Bank depositors continue protest seeking payback

Ø  Govt's Rs 15,000 cr soft loan scheme to sugar mills moving at snail's pace: experts

Daily news 30th Oct

Business Standard

Ø  India has 3rd largest startup ecosystem: PM Modi

Ø  'No perceivable inconsistency in Infosys data points'

Ø  Wipro sets up engineering & innovation centre in Virginia

Ø  Dividend distribution tax may be scrapped

Ø  Govt to take stock of ailing telecom sector

Ø  RBI imposes Rs 1 crore penalty on Bandhan Bank

Ø  Kamineni clarifies on Apollo demerger reports

Ø  Prima facie case for probe against Oyo, Go-MMT: CCI





Ø  Tata Sons stake in Tata Motors to rise to 43.73% post preferential issue

Ø  India to invest $100 bn in refining, pipeline, gas terminals by 2024: PM

Ø  BP profit declines by 40% in September quarter on oil price slide

Ø  Banks baulk at Rs 4,000-cr loan to Patanjali for Ruchi Soya acquisition

Ø  Petronet LNG Sep-quarter net grows 90% on lower tax to Rs 1,089 crore

Ø  Total offers 'attractive' Rs 149.63 per share to Adani Gas shareholders


Mint

Ø  Govt likely to order SFIO probe into DHFL financial irregularities

Ø  Hind Zinc net profit up 15 per cent on lower tax outgo

Ø  IndiGo places USD 33-billion order for 300 A-320s

Ø  Japan’s DMG Mori, LMW tie up to increase machinery production

Ø  Steelmakers face debt challenges after ill-timed bets





Ø  Central Bank of India board okays ₹3,353 cr fundraising

Ø  Slowdown bites Indian steelmakers as they face debt challenges

Ø  India, Saudi Arabia moving towards closer strategic partnership: PM Modi

Ø  IOB puts Kolkata-based Jai Balaji Industries' NPA account up for sale

Ø  Govt working on policy to allow OTC drugs sale on retail outlets


Deccan Chronicle

Ø  Input Tax Credit: New GST refund rules create confusion as deadline to file first returns comes close

Ø  Inter-ministerial group discusses possibility of further easing FDI policy

Ø  Insolvency Code progress report: Nearly 4 times as many cases in liquidation as in resolution

Ø  Govt forms high-level panel to look at bailout package for Airtel, Vodafone Idea, other telcos

Ø  Bidvest stake buy: GVK to deposit Rs 1,248 crore in escrow account





Ø  Investor wealth rises Rs 2.73 lakh cr in market rally

Ø  Aramco to make stock market debut on December 11: report

Ø  Sensex rallies over 600 points; Nifty tests 11,800

Ø  Poor credit demand may hit deposit growth in H2

Ø  Ambani says slowdown in India temporary, reforms undertaken to reverse trend

Ø  Amazon pumps in over Rs 4,400 cr in India business

Daily news 25th Oct

*Economic Times*
*Business Standard*

Ø  Fitch cuts India's FY20 GDP growth forecast to 5.5%
Ø  Voda Idea may file review petition after SC order on AGR
Ø  SC order will weaken sectoral viability, says Airtel
Ø  IndiGo reports surprise Rs 1,062 cr loss in Q2
Ø  Indian economy in transition phase: SBI Chairman
Ø  Thomas Cook India may buy Thomas Cook brand
Ø  IDFC First Bank Q2 loss widens to Rs 676 crore on one-time tax impact
Ø  ITC Q2 net profit up 37% to Rs 4,173.72 crore; net sales 6.16%
Ø  Maruti Suzuki Q2 profit dips 39% YoY to Rs 1,359 crore, revenue slips
Ø  BOJ warns of rising financial vulnerability as banks hunt for yields
Ø  Disclosures not required on whistleblower's charges: Infosys to exchange
Ø  CCI approves 4% stake buy in Aditya Birla Capital by Jomei Investments

*Business Line*
*Mint*

Ø  Commerce Ministry considers 5-year extension of income tax benefits for SEZ units
Ø  United Spirits profit declines 13% to ₹225 cr on consumption slowdown
Ø  Colgate-Palmolive Q2 net up 24% to Rs 244 cr
Ø  Aurobindo Pharma gets USFDA nod for Guaifenesin generic
Ø  DCM Shriram Q2 net dips by 30 per cent to Rs 119 cr
Ø  JSW Steel confident of getting immunity in Bhushan Power case
Ø  IBHFL moves plea in Delhi HC seeking recall of notice issued on fraud probe
Ø  India needs fresh reforms to be among top 50 nations in ease of doing biz: WB
Ø  NSE Indices launches Nifty Midcap150 Quality 50 Index
Ø  TRAI releases recommendations on KYC of DTH operators
Ø  GMR recasts debt worth ₹900 crore
Ø  India vaults to 63rd in ease of doing business rankings

*Financial Express*
*Deccan Chronicle*

Ø  Inter-ministerial group to discuss FDI policy easing on October 29
Ø  Airtel, Vodafone-Idea, others face Rs 1.4 lakh cr payout after SC order
Ø  Dharmendra Pradhan to attend Global Forum on Steel Excess Capacity in Tokyo
Ø  Gujarat oil millers expect bumper groundnut crop, spike in exports
Ø  SC allows Centre's plea to recover adjusted gross revenue of Rs 92k cr from telecos
Ø  Govt starts hiring process for National Financial Reporting Authority
Ø  Infosys woes: US SEC to probe into whistleblower allegations, Sebi seeks more info
Ø  Banks say no material impact from Supreme Court order

Daily news 24th Oct

Business Standard

Ø  Govt unveils revival plan for BSNL, MTNL
Ø  Centre opens up fuel retailing to non-oil companies
Ø  Hard Brexit an opportunity to Indian IT cos: Expert
Ø  India's banking sector stare at a bigger crisis
Ø  Tata Steel subsidiary bags second chrome mine after Misrilall in e-auction in Odisha
Ø  IMF sees Indian economic growth rebounding to 7%
Ø  L&T bags HPCL's order worth over Rs 7,000 cr



Ø  Mauritius' regulator red-flags removal of investment status by Sebi
Ø  Govt relaxes fuel retailing norms, private firms can set up petrol pumps
Ø  Cabinet raises support price by Rs 85 a qtl for wheat, Rs 325 for pulses
Ø  Indian Bank pre-tax profit up three-fold to Rs 593 cr; net NPA pared
Ø  Sebi starts probe into whistleblower's complaint against Infosys management
Ø  P-note investments dip for fourth straight month in Sept at Rs 76,611 cr


Mint
Ø  Hero MotoCorp second quarter profit slips 10% to ₹875 crore
Ø  Essar Ports overall cargo handling rises 20% in H1
Ø  Lemon Tree to complete Keys Hotels buy by Dec
Ø  IRB Infrastructure reports 16% rise in net profit
Ø  Torrent Pharma Q2 standalone profit jumps 18%
Ø  Havells Q2 net profit flat at Rs 179.51 cr


Ø  Biocon posts 39% fall in net profit Q2 even as biologics business booms
Ø  Investments via P-notes fall for fourth month in a row, stand at ₹76,611 cr
Ø  Tobacco labs to undertake research on product constituents
Ø  India unlikely to benefit from US-China trade tensions: EIU
Ø  JSW Steel sees net profit rise on deferred tax reversals

Deccan Chronicle
Ø  Risk of contagion in financial sector rising: S&P Global Ratings
Ø  HCL Tech Q2 net profit up 6.9 per cent to Rs 2,711 crore, announces bonus shares
Ø  Reliance Jio beats Airtel, Vodafone Idea in September 4G download speed chart: Trai data
Ø  Indian cotton industry hit by high prices; traders ask for relief
Ø  DLF gets Leed platinum green certification from USGBC for ‘Mall of India’


Ø  Indian external storage market valued at USD 101.8 million shows new data
Ø  Rupee inches up 3 paise to 70.91 versus USD
Ø  Sensex closes 95 points higher; Nifty settles above 11,600
Ø  EU moves towards Brexit delay as MPs reject Johnson's timetable to rush legislation

Daily news 23rd Oct

Business Standard

Ø  Sebi issues framework for listing of commercial paper

Ø  US law firm preparing class action suit against Infy

Ø  Audit confirms fund diversion, endgame near for DHFL

Ø  India Inc's deal activity falls in July-Sept quarter

Ø  Ujjivan Small Fin Bank gets Sebi's nod for IPO

Ø  India weighs trade curbs on Turkey, Malaysia

Ø  Sebi challenges SAT ruling in PwC-Satyam case





Ø  Banks to face capital crunch of Rs 3.5 trillion if NBFC mess drags: Fitch

Ø  RBL Bank's Q2 profit before tax plunges 67% as provisions jump three-fold

Ø  Half the world's banks are too weak to survive a downturn: McKinsey

Ø  Jio, Vodafone Idea, Airtel pay govt over Rs 4500 crore in spectrum dues

Ø  Alembic Pharma gets USFDA nod for ointment to treat various skin disease







Mint

Ø  Steel prices drop below dumping duty levels on muted demand

Ø  BSNL’s revival plan hangs in balance as FinMin bides its time

Ø  Lincoln Pharma secures patent for Diclofenac Rectal Spray

Ø  Grasim forms new joint venture for composite hollow core insulators

Ø  63 moons damage suit: Bombay HC asks Chidambaram, others to respond in 8 weeks





Ø  25 DHFL group firms with ₹1 lakh avg profit took ₹14,000  cr loans

Ø  'Reduce Centre's stake below 51%': Abhijit Banerjee's remedy to banking crisis

Ø  PMC Bank despositors' woes mount as RBI Governor abroad

Ø  Oriental Bank of Commerce posts Rs125.9 crore profit in Q2

Ø  Investors eye social e-comm startups to target new users






Deccan Chronicle

Ø  PM Modi likely to visit Saudi Arabia on October 29 for investment summit

Ø  SoftBank set to take control of WeWork with $1.7 billion payout for ousted CEO

Ø  Axis Bank posts standalone net loss of Rs 112 crore in Q2 on one-time tax impact

Ø  FMCG cos are top 10 TV advertisers amid festive season; HUL leads the pack





Ø  Kotak Mahindra Bank beats estimates; quarterly profit surges 51 per cent

Ø  Walmart chief seeks stable business environment from Modi: Report

Ø  Sensex plunges 335 points; Infosys sinks 16 per cent

Ø  Thomas Cook India in talks for buying out brand

Ø  Crude oil futures plunge on subdued global cues

Daily news 22nd Oct

Business Standard

Ø  Oil industry issued advisory to avoid Malaysian palm oil

Ø  Household wealth more than doubles to $12.6 tn in 2019

Ø  China seeks WTO okay for $2.4 bn tariffs on US goods

Ø  Drug companies reach settlement ahead of landmark US opioids trial

Ø  Infosys responds to whistleblower 'expose'

Ø  No another vote on Brexit deal: UK speaker

Ø  Broadband India Forum backs Jio, asks Trai to scrap IUC





Ø  Govt likely to extend benefits to exporters under MEIS till 31 March

Ø  India contributes 7% to global wealth rise, says Credit Suisse report

Ø  Piramal Enterprises profit before tax rises 29% to Rs 733 crore in Q2

Ø  Adani, GMR in fray to commercially redevelop Chandigarh railway station

Ø  Bharti Infratel posts 61% jump in net profit at Rs 964 crore in Q2FY20

Ø  RBI steps in to raise deposit insurance cover for customers from Rs 100,000






Mint

Ø  UltraTech Cement net up 63 per cent on lower cost, higher realisation

Ø  Adani, Tata Power plants among those seeking coal linkages without curbs

Ø  Hotels, travel aggregators start refunding GST

Ø  Rane (Madras) Q2 net plunges 80% on sluggish demand

Ø  Shree Cement July-September profit jumps five-fold to Rs 313 crore

Ø  Adani commissions 50 MW wind energy plant





Ø  Piramal Capital and Housing Finance net revenue grows 13% to ₹1,954 crore in Q2

Ø  Centre may allow consumers to choose electricity supplier offering lowest tariff

Ø  Bharti Infratel, Indus Towers merger gets delayed; new panel to explore options

Ø  Embassy Office Parks, Actis, others  bid for Mapletree’s tech park

Ø  Centre’s EPFO dues surge to ₹9,115 crore amid fiscal pressure






Deccan Chronicle

Ø  Reliance on short-term funding poses risk to vehicle finance companies: Moody's

Ø  Japan has huge export potential in pharma, gems and jewellery sectors: FIEO

Ø  Govt’s stringent commitment to low inflation hurting farm sector: Nobel laureate Abhijit Banerjee

Ø  Piyush Goyal says differences resolved with US over trade deal

Ø  India turns refined copper importer after 18 years: Care





Ø  New foreign trade policy may have simpler export promotion schemes

Ø  Whistleblower complaint placed before audit committee: Infosys

Ø  FPIs pour in Rs 5,072 cr into Indian capital markets in October so far

Ø  Share of ready housing units rises to 12 per cent in September quarter

Ø  Pension beneficiaries’ bank accounts to be linked to Aadhaar