*December 19, 2018*
*Economic Times*
Ø LIC makes Open Offer to acquire 26% stake in IDBI Bank
(Positive for IDBI Bank)
Ø RBI to infuse Rs 50,000 Crore in January, Bonds likely to Rally
(Positive for the Banking Sector)
Ø NSE gets SEBI's nod to launch Weekly Options on Nifty 50 index
(Positive for NSE, Neutral Framework for Hedging)
Ø IDFC, Capital First completes Merger Process to form IDFC First Bank
(Positive for IDFC, Capital First)
Ø India’s Sugar Production up 2.1% till December 15: ISMA (Positive for Sugar Industry)
Ø Motilal Oswal Private Equity and InvAscent buy 70% in Symbiotec for $100 Million
(Positive for Symbiotec)
Ø Almost 45% of Seller Base from Tier-II, III Cities: Flipkart
(Positive Sentiment)
Ø India Imports 42 Lakh Tonne of Urea till November for over USD 1 Billion
(Neutral)
Ø Saudi Arabia, Reliance in talks for Refinery, Petrochemical Project: Saudi Oil Minister
(Positive for Reliance Industries)
*Business Standard*
Ø Premium Brands pitch easy finance and instalments over Superior Features
(Neutral)
Ø Bank notes' Printing cost rose to Rs 80 Billion in FY17, says Govt.
(Neutral, Regulatory Aspects)
Ø BNP Paribas sets 2019 Sensex Target at 40,000, but stays wary on earnings
(Positive Sentiment)
Ø *SEBI concerned as Rs 600 Bn worth of approved IPOs are yet to hit market*
(Neutral to Negative Sentiment)
Ø Will try to get 99% items in 18% slab or lower, says PM Narendra Modi
(Positive Statement)
Ø New Angel Tax Notices spook Investors, start-ups; Trip fund-raising efforts
(Negative Sentiment)
Ø High Growth rate in Manufacturing a Do-able Challenge, says NITI Aayog CEO (Positive Sentiment)
*Financial Express*
Ø *CSR funds worth Rs 8,314 Cr remained unspent over Three Financial Years*
Ø Govt likely to sell 3-5% stake in NTPC via OFS
(Neutral)
Ø IBC eliminates right to redemption of Essar Steel shareholders, says lenders
(Positive for Arcelor Mittal, Negative for Essar)
Ø Tata Starbucks to Open more than 25 Stores across Metros in 2019
(Positive for Tata Starbucks, Tata Global)
Ø Ashoka Buildcon plans to bid for Rs 400-crore City Gas Distribution Projects
(Positive for Ashoka Buildcon)
Ø John Deere plans to boost Engine Capacity in India
(Positive for John Deere)
Ø Existing Tech inadequate to cater to data demand by 2025, says report
(Neutral)
Ø Government permits Imports of PUF Panels/ Doors for Hospitals under EPCG Scheme
(Slight Negative for Domestic Polyurethane Foam Manufacturers)
*Mint*
Ø Ola to invest $100 Million in Scooter-sharing firm Vogo
(Positive for Vogo)
Ø Samana to raise Rs 4,000 Crore to invest in startups, listed Stocks
Ø Govt orders restructuring of Tax Department, with an aim to create a "Caring but Strict" Direct taxes regime in the country.(Positive Regulatory Aspects)
Ø Carlyle seeks to double holding in PNB Housing Finance
(Positive for PNB Housing Finance)
Ø DHFL to exit Mutual Fund Business DHFL Pramerica
(Neutral to Slight Negative)
Ø Agri-Food Startups raised $1.6 Billion in 2013-17: Report
(Positive Sentiment for Agri-Food Startups)
Ø Online Medicine Startups in funding frenzy as Sector consolidates (Neutral to Negative Sentiment)