20 November 2018 News

Reading @ November 20, 2018

Economic Times

Ø  RBI board to set up panel on Capital Framework, Review PCA rules
(Positive Sentiment)

Ø  TRAI to meet Telcos next month to finalise 2019 Agenda (Positive)

Ø RBI to inject Rs 8,000 Cr liquidity on Nov 22 (Positive for PSU Banks)

Ø  Yes Bank Board overhaul: R Chandrashekhar may resign
(Negative for Yes Bank)

Ø  Govt to raise up to Rs 14K cr via CPSE ETF (Neutral)

Ø  LSE moves European Bond Trading from London to Italy ahead of Brexit. The LSE’s Electronic Government bond trading platform, known as MTS Cash, trades a daily average of €13.4 billion ($15.31 billion) of bonds (Negative for Britain, Positive for Italy)

Business Standard

Ø RIL considers plan to expand World's largest refinery at Jamnagar by half
(Positive for Reliance Industries)

Ø NSE launches online platform for retail investors to buy g-sec (Positive for NSE)

Ø  Adani, GAIL & Bharat Gas to invest Rs 34 Bn in gas distribution in Odisha (Positive for Adani, GAIL, Bharat Gas)

Ø  RBI and Govt signal truce on demand for transferring surplus reserves
(Positive Sentiment)

Ø  SC rejects Dalmia Bharat plea challenging NCLAT order on Binani Cement
(Negative for Dalmia Bharat, Binani Cement)

Business Line

Ø  IOC identifies areas for gas distribution in TN (Positive for IOC)

Ø  IRDAI to review Motor Insurance norms for own damage cover
(Neutral for Motor Insurance Companies)

Ø  HDFC disburses over ₹1,100 cr under PMAY’s CLSS
(Positive for HDFC)

Ø  Sugar Production stood at 11.63 lakh tonnes till Nov 15, nearly 15 per cent lower than 13.73 LT produced in the corresponding period last year.
(Negative for Sugar Industry)

Ø  Truck operators want vehicle fuel to be brought under GST (Neutral)

Mint

Ø  British Raj siphoned out $45 Trillion from India: Utsa Patnaik (Neutral Statement)

Ø  Now, Gujarat’s GETCO opposes ArcelorMittal’s Essar Steel bid , to recover its dues in excess of ₹827 crore from Essar Steel. (Negative for Essar Steel)

Ø  RBI to review Bank Capital rules, restructure MSME loans
(Positive for MSMEs)

Ø  Mahanagar Gas Q2 results light up on better volume growth
(Positive for Mahanagar Gas)

Ø  Bitcoin price falls below $5,000 for first time in 13 months (Negative for Digital Currencies, Bitcoin)

Financial Express

Ø  GST Profiteering charge against Fabindia dismissed
(Positive for Fab India and for Other Retailers)

Ø  Corporate America’s Debt boom looks like a bust for the Economy (Negative Sentiment for America)

Ø  China’s Chain of Debt Guarantees Looms as Systemic Danger (Negative Sentiment for China)

Ø  Suresh Prabhu rules out bailout package for Jet Airways
(Neutral to Negative for Jet Airways)

Ø  IL&FS defaults on Rs 307-cr deposits from MUDRA due on November 17
(Negative for IL&FS)

Financial Chronicle

Ø  Firms told to disclose reasons for delay in results within a day (Positive Regulatory Framework)

Ø  EU ministers agree on terms of 'painful' Brexit divorce
(Neutral)

Ø  ‘RBI to Neutralise’ Liquidity squeeze (Positive Sentiment)

Ø  PCE Framework (Partial Credit Enhancement) a game changer for NBFCs and HFCs (Positive for HFCs and NBFCs)

Ø  Govt to set up Gold Board soon
(Positive Sentiment for Gold)