26 November 2018 News

26 November, 2018

Economic Times

Ø DoT eyes Reverse Auction to meet fiscal needs
(Positive for Reliance Jio, Slight Negative for Vodafone Idea)

Ø  Arcelor's takeover of Essar Steel faces a new hurdle, over unpaid dues at GPI Textiles, a company promoted by LN Mittal’s brothers Pramod and Vinod Mittal. (Negative for Arcelor, Essar Steel)

Ø Despite a Growing Economy, many live below Poverty
(Negative Sentiment)

Ø Jio tops chart in terms of AGR (Adjusted Gross Revenue) in Sept Quarter: TRAI
(Positive for Reliance Jio, Reliance Industries)

Ø  Water Purification could be the next Big Test for Private sector (Positive for Water Purification Companies)

Ø RBI's Capital Framework Panel likely to be formed
(Neutral to Slight Negative, Regulatory Aspects)

Ø  Cabinet may take up Agri Export Policy this week which aims at doubling Outbound Shipments of Farm Products and increasing their share in the World market
(Positive for Agri Export Firms)

Business Standard

Ø  Need to discuss Governance issues with RBI: Economic Affairs Secretary
(Neutral, Regulatory Aspects)

Ø CPSE Merger: EY, Deloitte, four other firms bid for advising FinMin (Slight Positive for these Advisory Firms)

Ø  EU leaders approve BREXIT deal, say UK Parliament has to vote for Plan (Neutral)

- I-T Dept sells Cairn Shares to recover part of Rs 102-Bn retrospective tax
(Negative for Cairn, Vedanta)

Ø Govt scheme to popularise Electronic Vehicles to get Rs 8.95 Billion
(Positive for Electric Vehicle Firms)

Business Line

Ø M&M puts on hold SsangYong’s entry into the U.S, Indian Car market
(Negative for M&M)

Ø  Essar Steel: CoC approval of ArcelorMittal bid is flawed and illegal, says StanChart
(Negative for Essar Steel, Arcelor)

Ø 216 Railway Projects report cost overrun of Rs 2.46 Lakh Cr
(Negative)

Ø FPI inflows seen at ₹6,310 Cr in November so far
(Positive Sentiment)

Ø Tax on Free Services: PMO set to wade into ₹40,000 Cr spat between Banks, Revenue Dept
(Positive, if Resolved)

Mint

Ø Finance Ministry expects 3-4 Banks to be out of PCA this fiscal: Report
(Positive for these Banks)

Ø ESR-Allianz Real Estate JV to invest $1 Billion in India
(Positive for Indian Real Estate Sector)

Ø  Jet Airways will not exit Jet Privilege completely
(Slight Positive for Jet Airways)

Ø Oil PSUs to allot 65,000 Petrol Pumps ahead of General Elections
(Positive for Oil PSUs)

Ø  Indonesia’s PT Bio Farma gets cleanchit in Polio Vaccine Contamination case (Positive for PT Bio Farma)

Financial Express

Ø  JSW Steel Revamps Operations, Product Mix to align with Climate Change Goals
(Positive for JSW Steel)

Ø  Government plans to complete sale of Air India subsidiary AIATSL by March 2019
(Positive for Air India)

Ø  Default Cases: IBC helps recovery of Rs 3 lakh Crore in 2 years (Positive for PSU Banks)

Financial Chronicle

Ø SEBI Refuses to share Regulatory Inputs,in  response to an RTI query
(Neutral, Regulatory Aspects)

Ø  PMO may ask DoT to conduct Internal audit of BharatNet
(Negative for BSNL, Raitel, PGCIL,Bharat Broadband Network)

Ø  Crude Oil production declines in September (Slight Negative for ONGC, Oil India)

Ø  Mahindra enters Premium SUV space with Alturas G4
(Positive for M&M)