04 December 2018 News

Tuesday - 04 December, 2018

Economic Times

Ø  Not received any query so far from SEBI: Sun Pharma
(Neutral to Slight Negative for Sun Pharma)

Ø GSK to buy Cancer drugmaker Tesaro for $5.1 Billion
(Positive for Tesaro, Slight Negative for GSK due to Lofty Valuations Given

Ø NCLT asks Former Directors of IL&FS to disclose Assets

Ø  CCI Clears Nippon Steel's 51% Acquisition in Sanyo Steel (Positive for Sanyo Steel, Nippon Steel)

Ø  Navy encashes Reliance Navel's Bank Guarantee in Vessel Deal (Negative for Reliance Naval Engineering (RNEL), ADAG Group Companies)

Ø  Govt Clears Rs. 91149 crore GST Refunds to Exporters
(Positive for Exporters)

Ø  Government Permits Export of Gold idols with certain conditions (Positive)

Business Standard

Ø  HUL, GSK ink Rs 137-Billion merger in India's Biggest Consumer Goods deal
(Positive for HUL, GSK)

Ø  CRISIL cuts India's growth forecast to 7.4% on Weakening Global Growth
(Negative Sentiment)

Ø  Govt to mop up Rs 90 Bn by selling off Land, Realty Assets of Air India (Positive)

Ø Syndicate Bank aims to return to Profit in Q4, eyes Rs 8 BN haul from NCLT
(Positive for Syndicate Bank)

Ø  SEBI brings in Confidentiality in Settlements, gets tough on Defaulters
(Positive for Investors)

Business Line

Ø  IOC aims to be Global Refinery Tech Provider (Positive for IOC)

Ø  CAD may widen to 3% in September Quarter: ICRA
(Negative Sentiment)

Ø India’s Advertising expenditure to soar 15% in 2019: Zenith
(Positive for Indian Advertising Industry)

Ø  Bajaj Auto November sales grow 25 pecent to 4,06,930 units
(Positive for Bajaj Auto)

Ø  NMDC cuts Iron Ore Prices by Rs 300 per Tonne
(Positive for Steel Industry, Negative for NMDC, Other Iron Ore miners)

Ø  PVR plans Sub-Brand to enter Smaller Towns; may also takeover
(Positive for PVR)

Mint

Ø Sun Pharma Shares fall 7.5% after whistleblower email to SEBI
(Negative for Sun Pharma)

Ø  EPFO likely to increase proportion of funds to UTI for ETF investment (Positive for UTI Mutual Funds, Negative for SBI Capital)

Ø Yes Bank appoints ex-IRDAI chief T.S. Vijayan as Independent Director
(Positive for Yes Bank)

Financial Express

Ø Only 19% Family Businesses have Succession Plan: Report  (Neutral to Negative for Small Enterprises)

Ø  India Registers 10% Growth in Containerised Trade in Q3 2018, says Report
(Positive for Container Companies)

Ø  Over 18.10 lakh Registered Companies operates, only 62% active at end of October, says Official Data

Ø  China agrees to ‘Reduce and Remove’ Tariffs on US Cars, says Donald Trump
(Positive Sentiment for Global Economic Growth)

Financial Chronicle

Ø Relaxed Norms to help Home Finance Companies
(Positive for Home Finance Companies)

Ø  Gujarat allows pass-through of Coal cost for Tata, Adani Plants
(Positive for Tata Power)

Ø RCOM inches to spectrum sale to Jio (Positive for RCOM, RJIO)

Ø IRDAI Proposes changes in Registration Norms for Insurance Firms
(Neutral, Regulatory Aspects)