*Economic Times*
Ø RBI to cut SLR gradually to 18% by mid-2019, from the Current Level of 19.5%. This reduction in SLR holding is likely to free up Rs1-1.5 Trillion of funds in the next one and half year into the Banking System
(Positive for Banks)
Ø Govt to spend Rs 70,000 Cr for Gas Pipeline network (Positive for OMCs, Gas Distribution Companies)
Ø India conducts its first major Wind-Solar Hybrid Auction (Positive for Softbank-backed SB Energy and Gautam Adani led- Adani Green Energy)
Ø RBI issues draft norms on NRI participation in Interest Rate Derivative (IRD) Market (Positive, Regulatory Aspects)
Ø ITAT verdict on LTCG case is a setback for IT Dept
(Neutral, Regulatory Aspects)
Ø Maruti Suzuki to increase Car Prices from next month, to mitigate the impact of high commodity prices and foreign exchange rates (Negative for Maruti Suzuki)
Ø SEBI Proposes Warehousing Norms for Non-Agri Goods, The proposed guidelines would be applicable for Warehouses and Assayers engaged in Non-Agricultural Commodities such as Precious Metals, Gems and Stones, Metals, Minerals and Alloys (Positive, Regulatory Framework)
*Business Standard*
Ø Cabinet likely to clear Policy to Boost Exports of Agri Commodities such as Tea, Coffee and Rice (Positive for Tea, Coffee, Rice Exporters)
Ø RBI to bring 'Ombudsman Scheme' to solve Digital Transaction Complaints
(Positive Regulatory Framework)
Ø IOCL's Rs 31 Billion Paradip unit to start production of it's Polypropylene Unit this month
(Positive for IOCL, Slight Negative for Other Leading Polypropylene manufacturers including Reliance Industries)
Ø Govt to clear Fertiliser Subsidy arrears of Rs 100 Bn by March: Gowda (Positive for Fertilizer Industry)
Ø Tyre Exports expected to rise 7% to touch $1.85 billion in 2018-19. Cost efficiency and customization have also helped in making exports competitive
(Positive for Tyre Exporters)
*Business Line*
Ø EU asks India to drop Mandatory Quality Testing for Steel Imports (Negative Sentiment for Indian Steel Manufacturers, if Accepted)
Ø SBI sees GDP growth slipping below 7% in H2 (Negative Sentiment)
Ø NY-based Aviation start-up BLADE to start operations in India (Positive for BLADE, Slight Negative for Indian Charter Flight Carriers)
Ø TVS Srichakra ramps up capacity; plans ₹150-cr CapEx
(Positive for TVS Srichakra)
Ø REC reports ₹ 1,764 crore net profit in Q2. This is 25 % higher than the ₹1,408-crore reported by the company in the same quarter of financial year 2017-18. (Positive for REC)
Ø Foresight Group plans to buy Very Large Crude Carriers, LNG Carriers (Positive for Foresight Group)
*Mint*
Ø HUL Market Cap crosses ₹4 Lakh Crore mark for the 1st time (Positive Sentiment for HUL)
Ø Cabinet to consider REC stake sale to PFC Thursday (Neutral, Regulatory Aspects)
Ø FinMin says RBI’s Assessment of economy in line with Govt’s reading (Neutral, Regulatory Aspects)
Ø Mahindra starts selling Ford cars in expansion of alliance
(Positive for Ford, Mahindra)
Ø Supreme Court dismisses CCI’s plea for probe against Airtel, Idea, Vodafone
(Positive for Airtel, Idea, Vodafone)
Ø Tiger Global returns to India with Facilio investment. Facilio,offers Real-Time Facilities Management to Real Estate owners
(Positive for Facilio)
*Financial Express*
Ø RBI to set up Panel to look into problems of MSMEs
(Positive for MSMEs)
Ø JP Morgan Targets Mid-Sized Firms in challenge to European Banks
(Positive for JP Morgan)
Ø Power Grid bags first Intra-State Project under tariff-based competitive bidding
(Positive for Power Grid)
Ø NBFCs’ Asset Growth to Halve to 10% in H2 on Liquidity woes, says CRISIL Report
(Negative for NBFCs)
*Financial Chronicle*
Ø Etihad in talks with Banks for Jet Airways rescue
(Positive for Jet Airways)
Ø Tyre exports to cross Rs 12,000 crore this year (Positive for Tyre Exporters)
Ø Ministry Proposes Import Duty Cuts on more EV Parts (Positive for EV Industry)
Ø PMI shows strong rise in Business Activity: Garg (Positive Business Sentiment)
Ø Consumer Durables to become costlier in coming weeks, as Companies are going to Hike Prices starting this Month
(Negative for Customers)
