November 19, 2K18
Economic Times
Ø RBI, Govt likely to reach common ground on key issues (Positive, Regulatory Aspects)
Ø CIC asks PMO, RBI to disclose wilful defaulters' list (Negative for the Defaulter Companies)
Ø PSU banks' losses widened by 3.5 times in Q2 (Negative for PSU Banks)
Ø Govt should stick to fiscal deficit target: Panagariya (Negative Statement)
Ø JSW Steel to invest over Rs 5,000 cr on manufacturing (Positive for JSW Steel)
Ø HDFC disburses Rs 1,100 cr subsidy to home buyers (Positive for HDFC)
Ø Power ministry fears merger likely to hurt PFC, REC (Negative for PFC, REC)
*Business Standard*
Ø Mutual fund industry seeks urgent meet with SEBI on expense structure (Neutral)
Ø Govt looks to garner Rs 50 bn from CPSE share buybacks in FY19: FinMin (Positive)
Ø Govt gives ministries autonomy in hiring PSU directors sans PESB nod (Positive, Regulatory Aspects)
Ø PM Modi to chair meet with top industrialists on 'Ease of Doing Business' (Positive)
Ø Siemens net profit dips over 55% to Rs 2.79 bn for quarter ended on Sept 30 (Negative for Siemens)
Ø Mobile cos seek 10-yr Tax Holiday, reforms to become $230-bn sector: Report (Positive, if Accepted)
*Business Line*
Ø P-note investments continue to drop; hit fresh low of Rs 66,587-Cr (Negative for Equities)
Ø FPIs invest over $1 bn on easing Oil prices, Rupee recovery (Positive)
Ø Appliances and Consumer Electronic products should be excluded from FTAs: Report (Positive, if Accepted by the Regulators)
Ø Work on IOC’s Kochi LPG terminal to begin in January (Positive for IOC)
Ø Philips TVs to make a comeback; tie-up with TPV Technology (Positive for Philips)
*Mint*
Ø CAG’s GST audit report likely to be tabled in Winter Session (Neutral)
Ø India invites bids from mutual funds for new Debt ETF (Neutral)
Ø Nigeria seen as World's Biggest Rice Buyer in 2019, behind China (Positive for Rice Exporters)
Ø Spectrum sharing may help telecom firms shift to 5G in India (Positive for Telecom Firms)
*Financial Express*
Ø Amid tiff with Centre, RBI board likely to debate Liquidity Crisis (Regulatory Aspects)
Ø GAM said to offer star fund managers special retention bonuses (Positive)
Ø RBI net sells $18.66 Bn of Greenback between April-Sept.(Neutral)
Ø Tata Sons only in preliminary talks with Jet Airways about a deal (Neutral)
Ø Government to resolve issues impacting coal output, supply: Piyush Goyal (Positive for all Coal based Industries)
*Financial Chronicle*
Ø BSE to part ways with S&P Dow Jones (Negative for BSE)
Ø Mudra loans-big source of oxygen for Small Businesses (Positive Sentiment for Small Enterprises)
Ø DoT to take up further Policy reforms for high digital goals: Secretary (Positive Statement)
Ø PNB’s Overseas Operations also under Fraud cloud (Negative Sentiment for PNB)
Ø RBI, Govt may converge on PCA, Credit, Liquidity issues (Positive, Regulatory Aspects)
