21 November 2018 News

November 21, 2K18

Economic Times

Ø  CCB Deferral could help PSBs get Rs 35,000 Cr breather
(Positive for Public Sector Banks)

Ø 79.48 Lakh Jobs created in last 13 Months: EPFO.
Job creation more than doubled to 9.73 Lakh in September, the highest monthly addition since September 2017
(Big Positive for Indian Economy)

Ø International inbound roaming on Jio VoLTE from Japan
(Positive for Reliance Industries, Reliance Jio)

Ø  NBCC Ltd, Kotak Investment, L&T Infrastructure, Singapore-based Cube Highways, and Suraksha group submit EoI for Jaypee Infratech (Positive for Jaypee Infra, Other Debt laden Infra Firms)

Ø India, Russia finalise USD 500 Million Warship deal
(Positive Sentiment) & (Important when US & Russia may not be having smooth relations.)

Ø  Ultratech Cement makes Binani its subsidiary
(Positive for UltraTech Cement, Binani Cement)

Ø  Credit set for worst year since 2008 as crashes roil market (Negative Sentiment)

Business Standard

Ø Rabi sowing in Gujarat likely to fall by half; Crop production 60% lower. (Negative for Rural Consumption, Pulses, Wheat Prices may go up)

Ø RBI move boost Bank's lending capacity up to Rs 3 Trillion, say sources
(Positive for Banks)

Ø  Easing of Basel III norms Credit Negative for PSBs: Moody's (Neutral to Negative for PSBs)

Ø Price cap on Drugs, Medical Devices helped Patients save Rs 150 Bn: Govt.
(Positive for Consumers, Negative for the Sector)

Ø  Despite higher Oil Prices, Small Biz sentiment largely intact in Q2: Survey
(Positive Sentiment for Small Enterprises)

Ø HDFC Bank to raise its stake in Clearing Corp to 9% for Rs 1.24 Billion (Positive for Clearing Corporation)

Business Line

Ø  Shut out of China, US Coal exporters find favour in India for now (Positive)

Ø JSW Group plans ₹2,000 Crore Captive Port in Karnataka
(Positive for JSW Group)

Ø India, Mauritius likely to sign Free Trade pact in January
(Positive Sentiment)

Ø  Govt. procures 16.51 MT of Rice so far in 2018-19 season
(Positive for Rice Farmers)

Ø  SoftBank, Adani Group in race for SECI’s Hybrid Power Projects
(Positive for Solar, Wind Firms)

Ø Jet Airways in talks with multiple investors, says CEO
(Positive for Jet Airways)

Mint

Ø DoT, COAI planning easy approvals for Telecom Infrastructure (Positive for Telecom Infrastructure Firms)

Ø  NTPC said to mull buying distressed generators from RattanIndia Power Ltd. and Jaiprakash Power Ventures Ltd.
(Positive for NTPC)

Ø GAIL moves NCLT against ArcelorMittal Essar Steel bid
(Positive for GAIL)

Ø ICICI Bank to raise ₹25,000 crore to fill void left by NBFCs
(Positive for ICICI Bank)

Ø Bharti Airtel signs for over $2 billion loan amid threat of ratings cut (Pre-cautionary move by Bharti Airtel)

Financial Express

Ø Paper mills see red as TRAI dubs phone bills as anti-green
(Slight Negative for Paper Firms)

Ø  Indian big data analytics firm Goals101 enters Qatar; to tap retail banking automation in Middle East (Positive for Goals101)

Ø Indian OTT market may reach whopping $5 Billion by 2023, says a BCG report
(Positive Sentiment for On Demand Data Providers)

Ø  Natural Gas Production to rise by a third if output locked in ONGC, OIL fields opens up
(Positive in reducing Natural Gas Prices)

Financial Chronicle

Ø  India asks WTO to set up a Dispute Settlement Panel against the US for imposing penal duties on its Steel and Aluminium (Positive)

Ø Agro Exports can grow to $100 Billion by 2022 (Positive Sentiment for Agro Companies)

Ø Mistry Plans $1 Billion Share Offer by bringing outside investors into its Solar unit
(Positive for Shapoorji Pallonji Group)

Ø Crisis-hit IL&FS seeks SEBI nod to delay results
(Negative for IL&FS)