Sunday, December 1, 2019

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

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