30 November, 2018
*Economic Times*
Ø India Govt. raises Incentives to Small Scale Exporters, under Interest Equalisation Scheme: RBI (Positive for Small and Medium Scale Exporters)
Ø Telecom Tower companies face margin erosion
(Negative for Mobile Tower Companies)
Ø Considering Possible Merger of Indian unit: GSK (Positive for GSK)
Ø MRPL signs first term deal with Iraq: Sources
(Positive for Mangalore Refinery and Petrochemicals Ltd)
Ø GDP Data revision: Niti Aayog's role raises eyebrows
(Negative Sentiment)
Ø Bayer to cut 12,000 Jobs after Monsanto Takeover
(Negative for Bayer/Monsanto Employees, Positive for Bayer)
Ø ICICI Pru settles MF case with SEBI
(Positive for ICICI Prudential)
*Business Standard*
Ø *RBI relaxes NBFCs' Asset Securitisation norms as sector faces IL&FS Crisis*
(Positive for NBFCs)
Ø Slow Tax reforms to blame for fiscal consolidation drive: Bibek Debroy
(Negative Sentiment)
Ø CBDT allows Tax officials to widen scope of certain limited scrutiny cases
(Neutral, Regulatory Aspects)
Ø Net Stable funding ratio norms for banks to be operational from April: RBI (Negative for Banks)
Ø Jubilant Life Sciences' Subsidiary to acquire Inipharm for around $28.5 mn
(Positive for Jubilant Life Sciences)
*Business Line*
Ø *Govt. to move ₹29,000 crore of Air India Debt to SPV*
(Positive for Air India)
Ø Adani Group to fully fund Carmichael Coal Mine
(Positive for Adani Group)
Ø Clear ₹3,000 Cr dues under TUFS: Texprocil
(The Cotton Textiles Export Promotion Council) tells Govt.( Positive for Cotton Export Firms if accepted)
Ø ‘Aviation Sector needs ₹35,000 Cr of Equity infusion over Four years’
(Negative Sentiment for Aviation Sector)
*Mint*
Ø *US Markets Fall as Investors turn cautious ahead of G20*
(Negative Sentiment)
Ø Tata Motors’ JLR to Lay off Staff temporarily at UK plant
(Negative Sentiment for JLR Staff, Positive for Tata Motors)
Ø Maharashtra puts land purchase for Saudi Aramco refinery on hold (Negative for Saudi Aramco)
- *NCLAT asks lenders of Jaypee Infratech to summarize their financial claims*
(Positive for Jaypee Infra)
Ø Lenders may invite fresh bids for Jhabua power plant Sale (Positive for Avantha)
*Financial Express*
Ø *Telecom Watchdog accuses Vodafone IDEA, Airtel of anti-consumer practices; companies say new plans as per rules* (Negative for Vodafone IDEA, Airtel)
Ø Emerging Market Cities could attract $29 Trillion in Climate-Cash, (Climate-related investments like Green Buildings and Electric Vehicles over the next decade), says World Bank (Positive Sentiment for Electric Vehicle, Renewable Energy, Waste Water Treatment Projects)
Ø S&P flags credit-boom risks in China amid Trade war
(Negative Sentiment for China)
Ø *Arun Jaitley to Present Interim Budget on February 1*
(Neutral, Regulatory Aspects)
*Financial Chronicle*
Ø MCX’s Data Link to IGIDR under cloud (Negative for MCX)
Ø E-com discounts hit offline sales of Consumer Durables
(Negative for Brick and Mortar Retail Firms)
Ø *PSU Stocks get hammered ahead of disinvestment*
(Negative for Disinvestment Candidates - Coal India, ONGC,SAIL,NTPC)
Ø Tide Turns: FPIs now Bullish on Indian Debt and Equity
(Positive Sentiment)
Ø US Jury gives TCS Clean Chit in racism case (Positive for TCS)
