Wednesday, December 4, 2019

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

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