16 November, 2k18
Economic Times
Ø Tata Board may decide Jet Airways takeover on Friday
(Positive for Jet Airways)
Ø Fitch keeps India's Sovereign Rating unchanged at 'BBB-'. In a statement, Fitch said it expects India's real GDP growth to rise to 7.8 per cent in the fiscal year ending March 31, 2019, from 6.7 per cent in FY2017-18.
(Positive Sentiment)
Ø October Trade Deficit widens to $ 17.13 Billion (Negative Sentiment)
Ø TRAI floats paper on discontinuing printed phone bills (Slight Positive for Telecom Service Providers, Slight Negative for Paper Companies)
Ø ITC looks to expand Food portfolio to boost turnover (Positive for ITC)
Ø SEBI asks listed cos to disclose commodity risks in a Transparent, Uniform manner (Positive for Investors)
*Business Standard*
Ø Centre looks to raise Rs 140 Bn through basket share sale in 11 CPSEs (Neutral)
Ø Rahul Bajaj lauds Urjit Patel for defending RBI, warns govt on Section 7 (Neutral)
Ø No takers for India's Real Estate Bonds as IL&FS fuels worry of defaults (Negative Sentiment)
Ø Rupee rallies to Two-month high, jumps 34 paise to close below 72-mark (Positive for Importers, Negative for Exporters)
Ø Walmart increases annual earnings estimate on higher quarterly revenue (Positive for Walmart)
*Business Line*
Ø Mahindra to invest ₹1,000 Cr in e-vehicles (Positive for Mahindra & Mahindra, Positive for E-Vehicle segment)
Ø Over 10 lakh Crore invested in Telecom sector in 2 years (Positive Sentiment for Telecom Sector)
Ø Exports bounce back, grow 17.86% to $26.9 Bn in October, as Engineering goods, Pharmaceutical and Chemical shipments picked up pace. (Positive for Export Firms in these 3 Sectors)
Ø Post GST, Pharma sector grew 6% till May this year: Minister (Positive Sentiment, Pharma Sector)
Ø Bajaj Electricals expects 49% increase in turnover this year (Positive for Bajaj Electricals)
*Mint*
Ø Coal India Q2 Profits boosted by higher selling prices (Positive for Coal India, Negative for Coal Dependent Industries)
Ø ITC eyes Rs1 Trillion from FMCG, plans to expand Food portfolio (Positive for ITC, More Competition for Existing Food Companies)
Ø Indian Hotels narrows Q2 loss to ₹5.21 Crore against a loss of ₹57.67 crore in the year-ago period.
(Positive for Indian Hotels)
Ø RInfra Q2 profit slips 49% to Rs277 crore (Negative for Reliance Infra)
Ø Uber posts $1 billion loss as growth in bookings slows.
This is a 20 percent increase from the previous quarter but down 27 percent from a year ago
(Negative for Uber)
*Financial Express*
Ø India’s transition to low carbon economy still short, claims report (Negative Sentiment)
Ø Demonetisation: 80,000 being chased by I-T for large cash deposits (Negative)
Ø RBI Board meet: Finance Ministry keen on boosting MSME credit, NBFC liquidity (Regulatory Aspects, Positive Sentiment)
Ø NBFC debt crisis is starting to hit India’s consumers (Negative Sentiment)
*Financial Chronicle*
Ø CAR of Allahabad Bank, UCO, IDBI, CBI fall below 9% (Negative for these Banks)
Ø BEL pays 40% final dividend to govt, total at 200% (Positive for BEL)
Ø Intel sets up Rs 1,100 Crore design centre in Bangalore (Positive for Intel)
Ø ED probes FEMA violations by Amazon, Flipkart (Negative for Amazon, Flipkart)
