Thursday, 9 November 2017

09 November 2017 News

9th November 2K17

Economic Times

Ø  Tower cos, operators, PE cos eye Reliance Infratel
Ø  38 multibaggers defied cash ban to rally up to 1,150%
Ø  GST advisory group for expanding composition scheme
Ø  Tata Sons hikes stake in IHCL by 1.78% to 29.79%
Ø  Arvind shareholders will own 3 cos: Kulin Lalbhai
Ø  Commercial coal block auction likely in FY18: Coal Secretary
Ø  Irda makes Aadhaar mandatory for insurance policies

Business Standard

Ø  Only 62 items likely to stay in 28% GST slab
Ø  Saudi crackdown targets up to $800 billion in assets
Ø  RBI's liquidity clean-up to push up bond yields
Ø  HDFC Standard Life IPO oversubscribed 1.15 times
Ø  Ashok Leyland Q2 net profit up 14% at Rs 334 cr, exports up 39%
Ø  TeamLease acquires 40% stake in Schoolguru for Rs 13 cr
Ø  Reliance Infra bids lowest for Kundankulam N-plant's Rs 1k-cr EPC contract
 
Business Line

Ø  India, EU to meet on Nov 14-15 to push FTA talks 
Ø  United Breweries Q2 net jumps 3-fold to Rs. 94 cr on higher income, volume
Ø  ICEX completes first diamond futures contract of Rs 173 cr
Ø  Without PPAs, generators ‘must plug into open-market play’ 
Ø  Banking sector needs new paradigms in digital world: BCG study
Ø  Videocon WallCam launches ‘Eco Series’ range of CCTV solution 

Mint

Ø  IBBI tightens rules on rescue plan approvals
Ø  Qatar Foundation sells 5% stake in Bharti Airtel for Rs9,600 crore
Ø  Henkel calls off talks to buy 26% stake in Jyothy Labs
Ø  Rupee closes marginally higher against US dollar
Ø  Ford to invest $756 million in China with Zotye for electric cars
Ø  Qatar Foundation sells 5% stake in Bharti Airtel for Rs9,600 crore
 
Financial Express

Ø  BHEL bags Rs 350 crore order from Power Grid in West Bengal
Ø  NASA contracts Uber to build flying taxi air control software
Ø  China’s Tencent buys 12 percent stake in Snapchat owner Snap Inc
Ø  TeamLease acquires 40 percent stake in Schoolguru for Rs 13 cr
Ø  International banking must for better growth prospects: World Bank
Ø  Bharat Forge net rises 61%; to issue 1:1 bonus shares

Financial Chronicle

Ø  JPMorgan calls India bonds ‘attractive’
Ø  Oil majors discount threat from renewables
Ø  Five railway subsidiary IPOs on anvil; govt eyes Rs 8K cr
Ø  Import duty on wheat doubled to 20%
Ø  MFs biggest beneficiary of DeMo