28 November 2018 News

28 November, 2018

Economic Times

Ø  Credit Growth to Real Economy Healthy, says RBI (Positive Sentiment)

Ø  ArcelorMittal deploys team to oversee Uttam Galva Operations (Positive for Uttam Galva)

Ø SEBI directs MCX to Probe data misuse plaint
(Negative for MCX)

Ø  RBI reserves transfer won’t affect rating: McCormak
(Positive Sentiment)

Ø  Competition Commission approves LIC's majority stake buy in IDBI Bank
(Positive for IDBI Bank)

Ø Jaypee Infra discuss evaluation criteria for potential bidder
(Positive for Jaypee Infra)

Business Standard

Ø  Equal rights sticking point in YES Bank Promoters' talks to end conflict (Neutral)

Ø RBI to buy an additional Rs 400 Billion worth of G-secs in December (Positive)

Ø Govt. gives approval to sell 100% stake in Air India's ground handling firm
(Positive for Air India)

Ø  After Ola and Uber, another start-up (Car Rental Firm Revv's OPEN) ready to disrupt India's car market
(Positive for Hyundai Motors as Revv is backed by them)

Ø Jio's low-cost 4G phone beats rivals Airtel, Voda Idea in Non-Metro circles
(Positive for Reliance Jio, Reliance Industries)

Business Line

Ø  Govt. allows Ethanol extraction for blending from Foodgrains, too (Slight Negative for Sugar Industry, as Ethanol extraction allowed from Surplus Quantities of Maize, Jowar, Bajra and Fruit/Vegetables waste).

Ø  Crude overshot to the downside, but correction likely soon
(Negative Sentiment on Crude Prices)

Ø MCX Crude option turnover surges to ₹582 Cr in November
(Positive for MCX)

Ø  Sterlite Power unit raises ₹3,000 cr via Bond issue
(Positive for Sterlite Power)

Ø  Arvind commissions Rs. 350 Cr Garmenting hub near Ahmedabad (Positive for Arvind)

Ø  HSBC Upgrades Indian Equities to ‘Neutral’ from ‘Underweight’
(Positive Sentiment)

Mint

Ø Amazon is in advance stage talks to buy 9.5% stake in Future Retail (Positive for Future Retail)

Ø  Moody’s downgrades Yes Bank ratings, changes outlook to Negative
(Negative for Yes Bank)

Ø  Govt moves SC for Bank Guarantee from RCom before Jio deal (Negative for RCOM)

Ø Mphasis Rs 988 crore share Buyback offer to Open on 7 Dec
(Positive for Mphasis)

Ø  Verloop raises $3 million from IDFC Parampara Fund, others (Positive for Verloop)

Ø RBI checking Yes Bank loan exposure to IL&FS, DHFL, NBFCs
(Negative for Yes Bank)

Financial Express

Ø  Telecom Industry Body COAI asks Government to cut SUC, Licence fee, USOF contribution (Positive for Telecom Firms, if Proposal accepted by the Government)

Ø  Niti Aayog CEO Amitabh Kant pitches for Ban on usage of Fossil Fuel-based Gensets (Positive for Electric based Inverter Manufacturers, Negative for Petrol, Diesel Genset Manufacturers)

Ø India recorded highest average real wage growth in South Asia during 2008-17, says ILO report
(Positive for Indian Economy)

Financial Chronicle

Ø  SEBI issues Norms for interoperability among clearing corporations. The interoperability would permit Trading Members to clear trades through a firm of their choice instead of going through the CCP owned by the bourse (Positive for Customers)

Ø  Nordic Bank, SREI in deal to Finance Equipment, designed or produced in the Nordic Bank’s Member countries.
(Positive for SREI, Nordic Bank)

Ø Parliamentary House Panel sets Three days to take stock of IL&FS Issues
(Negative for IL&FS)

Ø  RINL Open to Long-Term Contracts with Non-NDMC Sources (Negative for NMDC)