15 November 2018 News

15 November, 2K18

Economic Times

Ø  India, US to increase engagement in Oil, Energy Sector (Positive Sentiment)

Ø Vodafone Idea reports Q2 loss of Rs 4,974 crore (Negative for Idea)

Ø  RBI imposes fine of Rs 3 cr on Deutsche, J&K Bank for non-compliance of various norms, including Asset classification and know your customer norms. (Negative for Deutsche, J&K Banks)

Ø  Air India bailout plan not alt to divestment: CMD (Neutral Statement)

Ø Gautam Singhania quits Raymond Apparel as Chairman  (Negative for Raymond)

Ø  RBI, Govt trying to reach consensus on some issues (Positive Sentiment)

Ø  Pfizer Q2 net profit falls 14% to Rs 95.8 crore (Negative for Pfizer)

Business Standard

Ø  Moody's downgrades Tata Motors' outlook to Negative on JLR woes (Negative for Tata Motors)

Ø India to attract investments worth $80 Bn in Renewable energy: Report (Positive Sentiment)

Ø NCLAT okays UltraTech bid for Binani Cement, says no to Dalmia Bharat (Positive for UltraTech, Negative for Dalmia)

Ø NALCO declares share buyback offer worth Rs 5.05 bn; date of closing Nov 28 (Positive for NALCO)

Ø M&As likely to gain traction as more bankruptcy cases go to NCLT (Neutral, Regulatory Aspects)

Business Line

Ø  Tata Global to invest ₹100 cr in Tea Packaging unit (Positive for Tata Global)

Ø  Steel, Heavy Industry, Textile Ministries still apprehensive over RCEP pact (Negative Sentiment)

Ø  Govt mulls delinking investment from Free Trade Agreements, seeks legal opinion (Positive)

Ø  GVK to divest stake in airport holding biz (Positive for GVK)

Ø  CESC Q2 profit up 20% at ₹975 Cr (Positive for CESC)

Ø  Motherson Sumi Q2 net down 10% at ₹426 cr (Negative for Motherson Sumi)

Mint

Ø  Jet Airways to sell six Boeing 777 planes to reduce debt (Aggregate result, It has declared Loss of 10K crore & Profit of 2.5K around) (Positive for Jet Airways)

Ø  RBI, Govt trying to reach common ground on some key issues (Positive)

Ø IDBI Bank posts eighth straight quarterly loss as provisions surge (Negative for IDBI Bank)

Ø  NBFCs face unforgiving bond market as volumes plummet (Negative for NBFCs)

Ø Yes Bank chairman Ashok Chawla resigns over corruption charges (Another surprise post Rana Kapoor( (Negative for Yes Bank)

Ø  Q2 results: M&M profit rises 24%, beats estimates (Positive for M&M)

Financial Express

Ø  Rupee payment mechanism to bolster India’s trade with Iran, says TPCI (Positive Sentiment)

Ø Samsung drugmaker fined for $4 billion accounts breach (Negative for Samsung)

Ø  India’s job outlook drops 3 percent to 92 percent in H2 of FY19: Report (Negative Sentiment)

Ø  CCI cotton procurement yet to pick up as prices above MSP (Neutral)

Financial Chronicle

Ø DoT explores single telecom fee, to define AGR to cut disputes (Neutral, Regulatory Aspects & Ease of Doing Business)

Ø  RBI, govt to accommodate each other by Nov 19 meet (Positive Sentiment)

Ø  Sundaram Fin to divest 40% stake in Royal Sundaram (Positive for Sundaram Finance)

Ø  JM Financial arm offers 10% interest on NCDs (Short Term Negative for JM Fin)