Friday, 1 December 2017

01 December 2017 News

1st December 2K17

Economic Times

Ø  Economy scripts a turnaround, expands 6.3% in Q2 
Ø  India Inc's foreign borrowings up over 2-fold
Ø  April-Oct fiscal deficit at 96% of full year's target 
Ø  OPEC agrees extended oil supply cut for full 2018
Ø  Airtel, Vodafone keen to buy RCom's airwaves
Ø  Most lenders to oppose CDB’s insolvency plea: RCom
Ø  Given loan, not grant by Gujarat govt: Tata Motors

 Business Standard

Ø  HDFC approves OFS for HDFC AMC through IPO
Ø  Fitch may revise banks' rating if recapitalisation done early
Ø  Govt likely to release free trade policy review on December 5
Ø  Trai proposes ways to ease doing of business in telecom sector
Ø  France's Altran buys out Aricent from KKR for $2 bn
Ø  America earned over $38 bn through defence sales in 2017, says Pentagon

Business Line

Ø  NSE group firm launches Nifty LargeMidcap 250 index
Ø  Cotton industry plans stir against GST on Dec 15 
Ø  OPEC plans to cut crude output to avoid price crash
Ø  RCom claims all 31 lenders oppose China bank’s insolvency plea
Ø  Reliance General Insurance gets SEBI nod for IPO
Ø  Cotton industry plans stir against GST on Dec 15

 Mint

Ø  PNB raises bulk deposit rate by 50 bps
Ø  CleanMax Solar raises $15 million from World Bank’s IFC
Ø  IBC ordinance: IRPs seek extension of deadline to resolve insolvency cases
Ø  Tech billionaires lose $7.6 billion as stocks tumble
Ø  IBC ordinance may disqualify global private equity funds
Ø  Piramal acquires Digeplex from Shreya Lifesciences

Financial Express

Ø  Core sector growth drops to 4.7 per cent in October
Ø  12%, 18% GST rates to be merged; 28% on luxury, sin goods, says Arun Jaitley
Ø  Sebi fines Rose Valley Real Estate, directors Rs 26-crore
Ø  Climate offers a $3.1 trillion investment opportunity by 2030: IFC
Ø  Apple apologises for security flaw in Mac OS

 Financial Chronicle

Ø  Oct core sector growth fails to enthuse
Ø  Sensex dip 453 pts on fiscal deficit fears, F&O expiry
Ø  Softbank to pick up Flipkart shares in primary, secondary deals
Ø  Indian stock market overtakes Canada in $2t zone
Ø  Lower revenue realisation post-GST hits fiscal deficit