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