17-December-2018
Economic Times
Ø India Postpones levying Retaliatory Tariffs on US Goods, to January 31, 2019. (Positive Trade Sentiment)
Ø Naresh Goyal's 'Turnaround' man, Nikos Kardassis leaves Jet Airways (Negative for Jet Airways)
Ø Niti Aayog Pushes for Methanol as Cooking Fuel (Positive for Gujarat Narmada Valley Fertilizers & Chemicals, RCF, Assam Petrochemicals)
Ø Infused Rs 4000 Cr in Fortis last Month: IHH (Slight Positive Sentiment for Fortis)
Ø Pricing Policy of Indian Airlines is a Problem: IATA Chief (Negative Sentiment for Indian Airlines)
Ø BREXIT Pressure rises, but UK Govt says NO to Second vote (Neutral, Regulatory Aspects)
Ø 'Hot money' evaporates from Indian Capital Markets in 2018 (Negative Sentiment for Indian Capital Markets)
*Business Standard*
Ø RBI waves ED threat to keep exporters in line, foil hedging against Rupee (Neutral, Regulatory Aspects)
Ø Volume, and not Price, is the lever of Growth for FMCGs, study shows (Neutral)
Ø Govt identifies Cities, Highways for Electric Vehicle charging Infra (Positive Sentiment for EV Industry, Infrastructure Firms)
Ø Delhi HC dismisses Vodafone plea for Tax refund of over Rs 47.59 Billion (Negative for Vodafone)
Ø ABB nears sale of Power Grids units to Hitachi in $11 Billion deal (Positive for ABB)
*Business Line*
Ø Govt to launch Bharat-22 ETF follow-on offer in Feb, to raise Rs 10,000 Cr (Neutral, Regulatory Aspects)
Ø NGT seeks clarity on nod for Waterway Projects (Neutral, Regulatory Aspects)
Ø 67% of 5151 Smart City Projects stuck on Paper (Negative Sentiment)
Ø ‘Cutting Gold Import Duty can mitigate illegal activities’
(Positive for Gold, Regulatory Aspects)
Ø NTPC acquires 720-MW Barauni Thermal Power Station (Positive for NTPC)
*Mint*
Ø BEML Pitches for indigenisation of Six Bullet Train rakes (Positive for BEML, if accepted)
Ø Anti-Dumping duty on Chinese Chemical used in making Detergents for 5 years (Positive for Indian Detergent Industry)
Ø Telcos for Independent Audit to prove Stress (Neutral, Regulatory Aspects)
Ø Motherson Sumi in merger talks with Germany’s Leoni (Positive for Motherson Sumi)
Ø RBI’s solution for MSME loan woes: Public Credit Registry (Neutral, Regulatory Aspects)
*Financial Express*
Ø Germany to tighten rules on Foreign takeovers, says report (Negative for Chinese Investments in Germany)
Ø Qatar to invest USD 20 Billion in US Energy Sector, says Minister (Positive for Qatar Petroleum, ExxonMobil and ConocoPhillips)
Ø NFSA Procurement: Government gets into Debt trap for FCI (Negative Sentiment for FCI)
Ø PFC may approach Foreign Banks to fund REC Stake Buy (Positive for PFC, REC)
Ø Spectrum Reserve Price: TRAI refuses to share its calculation model with DoT (Negative, Regulatory Aspects)
*Financial Chronicle*
Ø Buoyed by the NGT order allowing the reopening of its Tuticorin plant, Sterlite to approach TN Govt for consent to operate Tuticorin Plant (Positive for Sterlite, Vedanta, if approved by TN Govt)
Ø US Economic Data key to Global Risk Sentiment (Neutral)
Ø Israeli firm, Netafim, introduces Digital Irrigation Solution in India (Positive for Netafim)
Ø EY to advise on Merger of 3 PSU General Insurers, National Insurance Company, Oriental Insurance Company and United India Insurance Company.
