24 November, 2K18
Economic Times
Ø Europe, Japan, US, UAE prefer India for Joint Infrastructure Projects in Africa (Positive for Indian Infrastructure Firms)
Ø *Allow Audit firms to offer Legal services: MCA Panel*
(Positive for Audit Firms)
Ø Consultations on ecommerce policy to start afresh
(Neutral, Regulatory Aspects)
Ø India Inc is not creating inclusive workplace For LGBT employees (Neutral)
Ø *Reliance Industries sets up unit in Estonia* (Positive for Reliance Industries)
*Business Standard*
Ø *Bajaj's Quadricycle Qute to take on small carmakers; set for February launch* ( Positive for Bajaj Auto)
Ø Flood of trouble for I-T Dept's Black Money drive in Caribbean Tax haven (Negative Sentiment)
Ø Defence Ministry's Air Missile contract to Russia sparks vendor protests
(Negative Sentiment)
Ø The worrying sign in auto sale figure: Passenger vehicle registration dips (Negative for Auto Companies)
Ø *IL&FS Transportation and Networks (ITNL), put Rs 4.6 billion in a project in Rajasthan that was not formally given to it.* (Negative for IL&FS Transportation)
Ø Thailand's Minor International plans majority stake in Leela hotels
(Positive for Leela Hotels)
*Business Line*
Ø Centre announces 5 per cent subsidy to boost Rice Exports (Positive for Rice Exporters)
Ø *Penny stock entities under taxman’s lens* (Negative for the Companies under Investigation)
Ø Medical Cannabis may get nod in India (Regulatory Aspects)
Ø *Rupee spurts 77 Paise to end at 70.69/$* (Positive Sentiment)
Ø *Oil India to buyback 4.45% shares for Rs 1,085 Cr*
(Positive for Oil India)
*Mint*
Ø *Omidyar leads $11 million funding in live online tutoring platform Vedantu*
(Positive for Vedantu)
Ø *NCLT admits petition against KSK Power Group unit Sai Wardha* (Negative for KSK Power)
Ø Bank frauds up 20% in 2 years,according to Deloitte Touche Tohmatsu India LLP. (Negative Sentiment for Banks)
Ø Auto sales fizzled in festive season, say dealers. Federation of Automobile Dealers Association cited the Liquidity Crunch faced by Vehicle Financers as the main reason for slower sales
(Negative for Auto Firms, Auto Financers)
