Economic Times

Business Standard
Ø  Govt's indirect tax kitty swells over 23% in Nov
Ø  Giants bring in investments worth Rs 3.30Lcr in telecom
Ø  Telecom vendors bet on India amid global downturn
Ø  Money supply not enough: Banks to government
Ø  Private equity players may flock to real estate mkt
Ø  Reliance Jio justifies free call, data offer to Trai

Ø  Bank credit growth continued to decline in H1
Ø  Note ban can transform economy: RBI
Ø  Corporate India's financial position remains weak
Ø  ONGC cleared GSPC deal without enough independent directors
Ø  Fin Ministry considering debt restructuring for sugar sector
Ø  Fairfax gets RBI nod to acquire 51% in Catholic Syrian Bank
Business Line

Mint
Ø  Banks face significant stress, but stable overall: RBI
Ø  Tatas to Mistry: return all ‘confidential’ papers
Ø  Ambuja Cement, ICICI Bank enter into partnership to boost cashless trade
Ø  RIL commissions paraxylene plant at Jamnagar complex
Ø  Change in fiscal year cycle unlikely before 2018
Ø  SEBI launches prosecution in 568 CIS cases, 1,100 others

Ø  Cash withdrawal limits to be rolled back in phases
Ø  Move over 4G, IoT and 5G will be the flavour of 2017: Trai chairman
Ø  Myntra’s app-only move slowed down FY16 sales growth
Ø  Prem Watsa’s Fairfax takeover bid for CSB gets RBI approval
Ø  Aditya Birla Idea Payments Bank to launch in first half of 2017
Ø  RBI moots an ombudsman for NBFCs
Financial Express

Financial Chronicle
Ø  M Venkaiah Naidu dismisses reports India lobbied for better ratings
Ø  Markets settle with decent gains on expiry day; Sensex soars 155.47 pts
Ø  Solar power, green corridor blip on energy radar for 2017
Ø  Govt proposes setting up Financial Data Management Centre
Ø  Pay to rise for millions as 19 states increase minimum wage

Ø  RBI says no to RTI query on note ban
Ø  Chana the bad apple in bunch of cheap pulses
Ø  Algo glitch may mar NSE IPO
Ø  Market likely to overcome DeMo impact in 2017
Ø  Jaitley sings paeans to economy as note ban ends
Ø  NSE extends concessional transaction fee in equity derivatives

The Best Way to create Wealth, Venkat Valeti, Reputed IFA in India

Economic Times
Business Standard

Ø  RBI exempts KYC-compliant a/cs from interrogation
Ø  Tata Group was in talks with Voda for consolidation
Ø  Oil seen at $100 by end 2018 in lottery ticket options trade
Ø  GST Council to consider model laws today
Ø  Just 1% Indians pay Income Tax: NITI Aayog CEO
Ø  Texmaco, Kalindee Rail get Delhi HC nod for merger
Ø  Banks to again auction Kingfisher Villa today
Ø  Govt waives transaction fee on electronic transfer
Ø  Bank recapitalisation plan on course
Ø  Monetary Policy Committee agreed on no rate cut
Ø  RCom completes tower arm sale to Brookfield Infra for $1.6 bn
Ø  Currency worth Rs 5.92 lakh cr issued since demonetisation
Ø  Govt clears ordinance to let companies pay salary via e-mode, cheque
Ø  Nomura growth indices plunge to lowest level since 1996

Business Line
Mint

Ø  RBI monetary policy panel puts focus on inflation as global risks mount
Ø  PE firm Advent buys 41% stake in ASK Group for ₹848 crore
Ø  BSE Brokers Forum ropes in CEOs of PhillipCapital, Zerodha to its board
Ø  Pulse buffer-stock seen missing 20-lakh-tonne target
Ø  IDS disclosure figures to be revised lower to Rs. 55,000 cr
Ø  Gujarat farmers return to isabgol with an eye on export market
Ø  Cyrus Mistry wants RataTata restrained from attending board meetings
Ø  By 2020, 50% of Tech Mahindra’s business will come from IT: CEO CP Gurnani
Ø  TDK agrees to buy InvenSense for about $1.3 billion in cash
Ø Demonetisation drives up card swipes but average value falls: SBI report
Ø  EC to ask tax authorities to look into finances of 200 political parties

Financial Express
Financial Chronicle

Ø  India's crackdown on cash imperils pivotal national tax reform
Ø  Google employee sues company for conducting 'spying program': report
Ø  Nokia sues Apple for infringing technology patents
Ø  BSNL customers to get 0.75% discount on e-payment of bills
Ø  ATM, high-value cash withdrawals to attract handling charge
Ø  Power secy Pujari, Shaktikanta Das in Sebi chief race
Ø  Another independent director Darius Pandole quits TGBL board
Ø  RBI slaps fine on 5 foreign banks for violating FEMA rules

1. Ø  Govt, bank unions on collision course.... SHUBODAYAM... BLOOM

Business Standard

Ø  Ordinance likely for wage payment via e-mode, cheque

Ø  Vedanta slapped with $100 mn settlement in UK court

Ø  Note ban may yield lasting benefits: Crisil

Ø  Tata Steel EGM to decide on Nusli Wadia today

Ø  'Bringing back foreign stash will be real test of will'

Ø  Bajaj Hindusthan to sell power biz to gr firm for Rs 1800 cr

Ø  GCPL fully acquires Kenyan co Charm Industries

Ø  Fitch downgrades RCom to B+, placed its IDRs on Watch Negative


Ø  Govt plans tax exemption threshold for political parties

Ø  Diversify market and currency risk with US funds

Ø  For Rs 500 note, RBI pays Rs 3.09; Rs 3.54 for Rs 2,000 note

Ø  GM to hike prices by up to Rs 30,000 from January

Ø  Reliance Home Finance to raise Rs 3,500 cr through NCDs

Ø  I-T dept detects Rs 3,185 cr black income; seizes Rs 86 cr in Rs 2,000 notes

Ø  Cognizant buys Norwegian unit, boosts operations in oil and gas

Ø  Treasury gains may help banks offset Q3 pressure

Business Line

Mint
Ø  Rupee dives to 68.05 against dollar

Ø  Airtel to acquire Orascom’s stake in MENA undersea cable firm

Ø  AMFI bats for US’ 401(k)-like product in Budget proposals

Ø  IDS-II to fund Pay Commission hikes, PSU bank recap: BofA-ML

Ø  PFC to offer TV sets for 1,600 villages in Arunachal

Ø  ‘Developers of new SEZs need security clearance from Home Ministry’


Ø  Banks unions call for agitation over note ban-related issues

Ø  Cyrus Mistry moves National Company Law Tribunal against Tata Sons

Ø  Arun Jaitley says RBI prepared to deal with currency shortage beyond 30 December

Ø  PSU banks seek higher capital infusion from govt

Ø  Delinquencies in medium-heavy commercial vehicles to rise if IIP fall continues

Financial Express

Financial Chronicle
Ø  Demonetisation: Bank deposits may be subjected to investigation

Ø  High Court asks Service Tax Department to revalue Vijay Mallya's plane

Ø  UTI confident of IPO in H2 of '17; to use proceeds for buyouts

Ø  In Trump cabinet, Commerce Secretary will run trade policy


Ø  Axis Bank assures govt of action against errant officials

Ø  Mistry says no chance of truce, vows to 'fight' it out

Ø  Bourses get more time for mechanism to monitor brokers

Ø  Jaitley bats for outsourcing of railways' non-core functions

Ø  LPG subsidy:I-T to inform Oil Min on taxpayers earning over Rs 10L.... SHUBODAYAM...BLOOM

Economic Times



Business Standard

Ø  Urjit Patel to brief Parliament panel on demonetisation

Ø  'New biz models can improve efficiency in aviation'

Ø  Fresh merger structure to IRDA by Max Life-HDFC Life

Ø  Banks to again auction KF House,Villa at lower prices

Ø  We want to create world class Indian brands: ITC COO

Ø  Banks want tax incentives to promote digital banking

Ø  Short-term pain of note ban to yield big gains



Ø  Post-demonetisation, Indian Bank mobilised Rs 29,115 cr deposits

Ø  Ban on tobacco FDI might protect domestic industry from competition: Experts

Ø  Prospects of rate cut bleak as dollar, crude rise: Assocham

Ø  Of 24 life insurers, only 19 post profits in FY16: IRDAI

Ø  ONGC Videsh raises $1 bn in bonds to fund Vankor acquisition

Ø  Tata Sons should be listed, say Mistry, Wadia camps

Business Line



Mint

Ø  Steel prices to go up by ₹6,000 a tonne in Jan

Ø  YES Bank, Ola tie up to provide cash at your doorstep

Ø   Coal imports may remain weak in Dec on notes ban, firm prices

Ø  PF body likely to retain 8.8% interest on EPF deposits for FY17

Ø  Court refuses to quash summons against Unitech directors

Ø  Godrej Appliances to foray into air purifiers



Ø  GST rollout may be pushed to July as industry needs time: experts

Ø  Axis Bank's Shikha Sharma says embarrassed over handful of employees

Ø  BP takes Abu Dhabi oil field stake for $2.2 billion in stock

Ø  EC seeks ban on anonymous contributions to parties above Rs2000

Ø  Venezuela postpones currency move after chaos, protests

Financial Express



Financial Chronicle

Ø  NMDC invests Rs 1,222 crore to set up Nagarnar steel plant

Ø  Note ban may leave 48.63 lakh jobless in unorganised sector: Ajay Maken

Ø  Lack of preparedness by govt led to cash crisis: Subramanian Swamy

Ø  About 30 percent fall in demand post demonetization: Raymond



Ø  4 Tata firms to vote on Mistry's removal as director this week

Ø  Jaitley hints not all scrapped currency will be remonetised

Ø  SC with govt on old notes issue;refers demonestisation move to Const bench

Ø  The only issue is on sharing burden of assessment: Jaitley on GST.... SHUBODAYAM...BLOOM

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Hyderabad Mutual Funds, TATA Mutual Funds on Global Events

Global Events: Impact and Implications The global economy is a dynamic system of connected nations, each growing at a different pace, yet impacting and being impacted by developments in the others. The nature of linkages is constantly changing with changes in the economic and social structures of individual economies. In order to form a view of global macro economic trends, one needs knowledge of key economic events, their effects, and the policy responses. One can then evaluate their impact on trade, capital markets, labour market, and demography. This workshop will focus on discussing global macro economic trends with respect to growth, trade, inflation, and financial markets. You will learn about the connections between advanced and emerging economies, and how policy decisions and events in one country can impact several seemingly unrelated economies. You will be able to apply this knowledge to assess if and how events and decisions from outside the borders of a country can influence its economic progress. 1. Trends in Global Growth and Trade 2. Unconventional Monetary Policy and Lowflation in Advanced Countries 3. Key Macro Events to Watch: Brexit, US Elections, Slowdown in China 4. Emerging Economies: Growth and Prospects 5. India's position in the global scenario

🔹Business Standard

Ø  Note ban likely to fetch government Rs 2.5 lakh crore:KV Kamath

Ø  Not taken any step to cancel Axis Bank licence: RBI

Ø  Energy innovation is focus of Bill Gates-led $1 bn fund

Ø  RBI asks banks to maintain records of new currency

Ø  EPFO likely to hike monthly wage ceiling to Rs 25K

Ø  Investors rush to put money in MF as deposit rates fall

Ø  Singh bros in talks with TPG to sell 26% in Fortis

Ø  FPIs shunning Indian debt for other markets

Ø  IT ministry asks telcos for cashless action plan

Ø  Support for demonetisation declining among citizens: Survey

Ø  Discount on petrol, diesel buy via digital mode from midnight

Ø  'Undisclosed buyer' to buy 1.73% in Tata Motors on Tuesday

Ø  Foreign investors in bond-selling frenzy

Ø  Glenmark eyes big growth in US with cholesterol drug launch

Business Line


Mint

Ø  PE, venture capital investments slump 50% in Nov

Ø  Govt to notify scheme for taxing black money holders this week

Ø  Sun Pharma, Moebius tie-up to develop osteoarthritis pain drug

Ø  Anti-dumping duty on steel pipes from China mooted

Ø  Gujarat Ambuja Exports to mull buyback

Ø  GAIL gets extension for pipeline

Ø  Petrol, diesel payment using cards to get discount from midnight: IOC

Ø  Bharti Airtel toes Reliance Jio line on bundled tariff plans

Ø  DLF’s debt woes to linger as stake sale deal gets delayed

Ø  Oil prices jump to 18-month high as OPEC and rivals agree on historic deal

Ø  Axis Bank to raise Rs3,500 crore through NCDs

Ø  Bill Gates, other super-rich back $1 billion energy fund

Financial Express


Financial Chronicle

Ø  China's bond default risks set to rise in 2017: Chengxin

Ø Indebtedness higher in villages at 31.1% than 22.4% in cities

Ø  Modi government stings 500 bank branches; bad days ahead for corrupt bankers

Ø  India's MRO sector growing fast, revenues pegged at $975 million

Ø  UK to cut student visas by half: Report

Ø  Mistry removed as Tata Industries director, no more chairman

Ø  MFs emerge as counterweight to FPIs in equity market

Ø  Uttar Pradesh garners maximum deposits under Jan Dhan

Ø  Aadhar may levy tax on banks

Ø  India's coal demand to see biggest growth globally

Ø  Tata Motors to hike passenger vehicle prices by up to Rs25,000..... SHUBODAYAM..tsv..Bloom

Economic Times



Business Standard

Ø  Note ban likely to fetch government Rs 2.5 lakh crore:KV Kamath

Ø  Not taken any step to cancel Axis Bank licence: RBI

Ø  Energy innovation is focus of Bill Gates-led $1 bn fund

Ø  RBI asks banks to maintain records of new currency

Ø  EPFO likely to hike monthly wage ceiling to Rs 25K

Ø  Investors rush to put money in MF as deposit rates fall

Ø  Singh bros in talks with TPG to sell 26% in Fortis



Ø  FPIs shunning Indian debt for other markets

Ø  IT ministry asks telcos for cashless action plan

Ø  Support for demonetisation declining among citizens: Survey

Ø  Discount on petrol, diesel buy via digital mode from midnight

Ø  'Undisclosed buyer' to buy 1.73% in Tata Motors on Tuesday

Ø  Foreign investors in bond-selling frenzy

Ø  Glenmark eyes big growth in US with cholesterol drug launch

Business Line



Mint

Ø  PE, venture capital investments slump 50% in Nov

Ø  Govt to notify scheme for taxing black money holders this week

Ø  Sun Pharma, Moebius tie-up to develop osteoarthritis pain drug

Ø  Anti-dumping duty on steel pipes from China mooted

Ø  Gujarat Ambuja Exports to mull buyback

Ø  GAIL gets extension for pipeline



Ø  Petrol, diesel payment using cards to get discount from midnight: IOC

Ø  Bharti Airtel toes Reliance Jio line on bundled tariff plans

Ø  DLF’s debt woes to linger as stake sale deal gets delayed

Ø  Oil prices jump to 18-month high as OPEC and rivals agree on historic deal

Ø  Axis Bank to raise Rs3,500 crore through NCDs

Ø  Bill Gates, other super-rich back $1 billion energy fund

Financial Express



Financial Chronicle

Ø  China's bond default risks set to rise in 2017: Chengxin

Ø Indebtedness higher in villages at 31.1% than 22.4% in cities

Ø  Modi government stings 500 bank branches; bad days ahead for corrupt bankers

Ø  India's MRO sector growing fast, revenues pegged at $975 million

Ø  UK to cut student visas by half: Report



Ø  Mistry removed as Tata Industries director, no more chairman

Ø  MFs emerge as counterweight to FPIs in equity market

Ø  Uttar Pradesh garners maximum deposits under Jan Dhan

Ø  Aadhar may levy tax on banks

Ø  India's coal demand to see biggest growth globally

Ø  Tata Motors to hike passenger vehicle prices by up to Rs25,000

Economic Times

Business Standard
Ø  SAIL reports net loss of Rs 732 crore for Q2 FY17
Ø  JSPL's net loss narrows to Rs 746 cr in Jul-Sept qtr
Ø  ECB to extend QE programme but at lower rate of 60 billion euros a month
Ø  Reserve Bank may cut rate by 25-75 bps in 2017

Ø  Bharti Airtel slashes prepaid tariffs to compete with Jio
Ø  Metal shares gain; Vedanta hits 52-week high, Tata Steel up 5% intraday
Ø  BSE Auto index soars over 500 points intra-day
Ø  Sun Pharma gains after falling 6% on Wednesday
Business Line

Mint
Ø  Crop worry: Centre scraps import duty on wheat to ease supply, check prices
Ø  Gold recovers by Rs 110 on global cues, spot market demand
Ø  No service tax on credit, debit card transactions up to Rs. 2,000
Ø  GMR Infra net loss widens to Rs. 700.34 cr

Ø  Note ban impact: Auto sales slide for the first time in 11 months
Ø  Sensex surges 457 points on global cues
Ø  InGovern tells shareholders to vote against Tata resolution to remove Mistry
Ø  Discounts for petrol, life insurance in push for digital transactions
Financial Express

Financial Chronicle
Ø  GST Council may reduce tax slabs in future: CBEC chief Najib Shah
Ø  Flipkart and Ola benefitted from foreign capital, now want protection from it
Ø  Oil prices rise on US crude stock decline, weaker dollar

Ø  ICICI moves US court to recover loans from Essar
Ø  Honda Cars sales slip by 20-30% after demonetisation
Ø  IL&FS to raise more than Rs 10K c..... SHUBODAYAM...BLOOM

Economic Times

Business Standard
Ø  Ordinance route likely to cancel unreturned currency
Ø  EU clears Microsoft's $26 bn buy of LinkedIn
Ø  Rupee jumps 31 paise to 67.90 on eve of RBI meet
Ø  India, China to maintain Asia's growth rate in 2017: ADB
Ø  Townsville to be Adani’s Australian coal mine base
Ø  FIIs invest 50 bn in bonds, but remain cautious
Ø  Mistry derides Tata's 'capricious decision-making'
Ø  Indian lenders sue Essar for default in US Project

Ø  Barclays' exit from energy trading stirs concerns over liquidity
Ø  New Rs 100 notes from RBI soon, older notes to continue as legal tender
Ø  Govt targets bankers involved in money laundering
Ø  CCI dismisses complaint against DLF
Ø  Income disclosure schemes 20 years apart yield roughly the same
Ø  Sudan holds up licence extension for ONGC's overseas arm
Ø  US fines Deloitte record $8mn over audit fraud in Brazil
Business Line

Mint
Ø  Corporate tax may be cut by 1-1.5 percentage point
Ø  RBI eases authentication norms for online transactions up to Rs.2,000
Ø  NeuroEquilibrium in talks to raise $2 m in Series A
Ø  Asia Index launches S&P BSE Sensex 50 Index
Ø  Laurus Laboratories IPO subscribed 0.28 times on Day 1
Ø  BRICS nations vow to share tax information automatically

Ø  Govt asks banks to install additional 10 lakh PoS terminals within 4 months
Ø  ABN Amro to sell $20 billion of Asia, Middle East banking assets to LGT
Ø  Cash crunch nearly freezes dabba, grey market trading
Ø  Reliance Jio revenue, subscriber forecasts boosted by brokerages
Ø  RBI to banks: Follow due diligence for activating dormant accounts
Financial Express

Financial Chronicle
Ø  Scope for further monetary easing on softer inflation: Fitch
Ø  Independent directors were appreciative of Cyrus Mistry's work: Tata Power
Ø  GoDaddy to buy Host Europe for $1.82 billion
Ø  Allow DCCBs to accept old notes: NCUI-led delegation to government
Ø  CBDT points out at cases with serious irregularities detected post demonetisation to ED, CBI

Ø  Tax dept seizes Rs 130 cr cash, jewellery post demonetisation
Ø  Just depositing black money doesn't make it white: Adhia
Ø  Panama papers: Brics working to get bank details
Ø  Over Rs 12.6 lakh crore comes back to banks
Ø  NBFCs have a big role in helping India’s cashless transit
Ø  Nine more PSUs poised to issue bonus shares... SHUBODAYAM...BLOOM

🔹Business Standard

Ø  'India may still be the fastest-growing economy'

Ø  PE Funds, SWFs queue up for a slice of SBI Life

Ø  World Trade Organization environmental trade talks fail

Ø  RBI Governor may cut rate by 0.25% in policy review

Ø  India takes pride of place, crosses $300 bn FDI mark

Ø  Government unlikely to implement DBT in kerosene

Ø  Bankers want to shut shop till there’s enough cash

Ø  Tata Steel closes in on UK plant deal: Report

Ø  Direct tax incentives likely in Budget

Ø  China's biggest carmaker SAIC Motor to drive into India

Ø  Nusli Wadia likely to make 3 Tata EGMs tougher

Ø  Govt extends MIP on select steel products till February 4

Ø  China's biggest carmaker to drive into India

Ø  ONGC crosses daily production target; revises annual goal

Ø  CBI registers fresh case against Prakash Industries in coal

Business Line

Mint
Ø  ESIC hikes wage limit to bring more workers under net

Ø  NSDL to allow up to three nominations in single demat a/c

Ø  Oil companies gear up for less cash economy

Ø  M&M board okays demerger of MTWL’s two-wheeler undertaking

Ø  Jan Dhan deposits stabilise; a/cs get Rs. 1,487 cr in 7 days

Ø  Demonetisation crushes green shoots in rural India

Ø  Digital payments: Single UPI platform in offing for banks

Ø  Centre, states to list industries for cashless wage payment

Ø  Govt must up public expenditure to push consumption: Assocham

Ø  Almost 3/4th of Rs500, Rs1000 notes deposited in banking system

Ø  Cyrus Mistry ouster: LIC, other DIIs likely to abstain from Tata EGM voting

Financial Express

Financial Chronicle
Ø  RBI to issue new Rs 20, Rs 50 banknotes; old currency notes continue to be legal tender

Ø  IT department rejects declarations of Rs 2 lakh crore, Rs 13,000 crore; revises IDS amount

Ø  Retailers asked to accept old Rs 500 note for recharges: COAI

Ø  Rs 10 incentive for individuals who transit to digital payment mode

Ø  Global economy is on a path of protracted growth acceleration

Ø  Rice prices may remain stable despite record production

Ø  Maha govt forms taskforce to review and coordinate NSEL scam

Ø  Experts fear China’s wrath as Trump calls Taiwan Prez

Ø  FM promises higher & ‘cleaner’ GDP after demonetisation woes.... SHUBODAYAM...BLOOM

🔹Business Standard

Ø  Reliance Jio’s free data offer to march into next year

Ø  Realty investment trusts have $77bn opportunity in India

Ø  RBI caps banks’ loan exposure to large borrowers

Ø  World-beater status at risk as India rebuts threat to GDP

Ø  Aadhaar no. could soon replace all card transactions

Ø  Apple plans to set up a distribution centre in India

Ø  Bear operators trapped after Opec's first joint oil cut

Ø  Auto sales ride past the potholes of currency purge

Ø  Note ban shadow over GST Bill

Ø  HC seeks RBI clarification in Tata-DoCoMo case

Ø  Huge amount of old notes deposited: Centre to SC

Ø  China manufacturing growth in November strongest in 2 years

Business Line


Mint

Ø  Compact segment drives Maruti sales up 14% in November

Ø  Mahindra sales down 22% at 32,499 units in Nov

Ø  NSE extends currency derivative concession till Dec 31

Ø  Dumping duty imposed on axle for trailers from China

Ø  Crisil cuts GDP forecast to 6.9% on note crunch

Ø  BHEL commissions first unit of Pulichintala hydel project

Ø  IFC invests Rs450 crore for 29% stake in Apollo Health

Ø  Quadria Capital to fully deploy $300 million fund by March-end

Ø  SBI, LIC pension funds bid lowest for fund management under NPS

Ø  IRDA allows insurers to invest in additional tier 1 bonds

Financial Express


Financial Chronicle

Ø  CCI okays Essar Oil’s $13-bn deal with Russia’s Rosneft

Ø No old Rs 500 notes for fuel from Saturday, toll collection to resume

Ø  Indian Rupee softens 13 paise against dollar in early trade

Ø  ESIC launches tele-medicines services for Northeast

Ø  China, Japan offer business upside for IT firms: Kris Gopalakrishnan

Ø  RBI warns banks/public against misinformation on social media

Ø  1.80 lakh ATMs re-calibrated to dispense Rs 500, 2,000 notes

Ø  Govt approves new visa to attract foreigners, boost trade

Ø  No limit on legitimate gold holding; 500gm cap on married women

Ø  $1b FDI in food retail expected, France’s Auchan keen on India

Ø  Banks might charge you for ATM resetting adding to cash worries..... SHUBODAYAM...BLOOM

🔹Business Standard

Ø  Economy poorer by Rs 5.8L cr on currency contraction

Ø  JSW infra plans to sell 10 per cent stake: CEO

Ø  Opec reaches deal to cut oil output by 1.2 mn bpd

Ø  Core sector output growth hits 6-month high in Oct

Ø  Mark Mobius is betting on a sustained rebound in India

Ø  India invites global bids for filling strategic oil storage

Ø  Banks not accepting pre-2005 Rs 1,000 notes

Ø  Penalty under search, seizure to be up 3X at 30% in I-T Act

Ø  At 7.3%, Q2 GDP growth below expectation

Ø  Withdraw notice or face legal action: Nusli Wadia to Tata

Ø  RBI eases cash balance requirement for banks

Ø  India only area of strength in Asian steel market: Moody's

Ø  RBI's CRR move to put monthly burden of Rs 1,050 cr on banks

Ø Residential property sales to suffer 20-30% next year, says Fitch

Ø  Irdai allows insurers to be part of JLF

Business Line


Mint

Ø  Software exporters worried over growing protectionism worldwide

Ø  Insolvency and Bankruptcy Code to kick in from Thursday

Ø  Demonetisation despotic action, undermines trust: Amartya Sen

Ø  Solar power tariff hits record low of Rs. 3 a unit

Ø  Aditya Birla Financial launches health insurance arm

Ø  RBI to focus on printing new Rs500 note to address cash shortage

Ø  Petrol price hiked by 13 paise; diesel cheaper by 12 paisa per litre

Ø  Wipro to sell EcoEnergy business to Chubb Alba for $70 million

Ø  LIC starts prepping to vote in Tata EGMs called for Cyrus Mistry ouster

Financial Express


Financial Chronicle

Ø  Fiscal deficit hits 79.3 per cent of budget estimate in April-October

Ø  Government departments to analyse World Bank's doing business report

Ø  Tata Power to sell PT Arutmin stake for USD 247 mn

Ø  TRAI seeks views on issues over closure of telecom services

Ø  India inks Rs 5,000cr deal with US for 145 M777 howitzers

Ø  Govt approves new visa to attract foreigners, boost trade

Ø  Sipadan, Integrated Core sell IDFC Bank shares worth Rs 690cr

Ø  Tata Power to sell PT Arutmin stake for USD 247 mn.... SHUBODAYAM...BLOOM

Economic Times

Business Standard
Ø  Fitch lowers GDP growth forecast to 6.9% from 7.4%

Ø  Note ban may hugely benefit home loan seekers

Ø  State-run banks' bad loans over Rs 6 lakh crore

Ø  Malaysia's Axiata may hang up on Idea Cellular stake

Ø  Dec 30 may remain the last day for old note deposits

Ø  Govt to hold auction to identify buyers for 3 SAIL units

Ø  'Rs 4,00,000 crore debt risks being written off'


Ø  Consumers, exports power US 3rd quarter economic growth

Ø  Finmin invites suggestions for Budget 2017-18

Ø  200 'high-risk' drug firms come under Indian regulator lens

Ø  28% citizens yet to deposit old currency in bank: Survey

Ø  Tata Power calls EGM to remove Cyrus Mistry

Ø  China agrees to import basmati rice from 14 major Indian mills

Ø  Gross NPAs of PSBs jump nearly Rs 80,000 cr in Jul-Sep

Business Line

Mint
Ø  Lok Sabha passes IT Act amendment to tax unexplained deposits

Ø  Consumer durable retailers go slow on fresh inventory

Ø  Sell domestic LPG only to PSU oil firms: Govt to producers

Ø  Lower lending rate key to Make in India campaign: Jindal

Ø  RBI expected to cut rates ‘aggressively’: SBI study

Ø  Pfizer to withdraw Corex syrup, extend line to new products


Ø  RBI pressed into service to ease Rs500 note shortage

Ø  RBI rate cut likely in December monetary policy review

Ø  Flipkart valuation slashed by Morgan Stanley for 4th time in 9 months

Ø  Reliance Jio’s entry, spectrum sale boost tower industry’s growth: Indus Towers

Ø  Swiss watchmaker Breitling said to be considering a sale

Ø  Rs8.44 trillion deposited in banks as demonetisation reaches halfway mark

Financial Express

Financial Chronicle
Ø  'Indian equity market poised for double digit returns in 2017'

Ø  BSE Sensex back on track to finish at 26,316.34, NSE Nifty settles at 8,114.30

Ø  Poorly planned urbanisation pattern may impose USD1.8 tr cost by 2050: Study

Ø  Govt approves 6 new SEZs for IT, biotech


Ø  CSB set to sell stake to Fairfax at right price

Ø  South Asia looks closely at demonetisation drive

Ø  Inflation is expected to moderate further: Dun & Bradstreet

Ø  Govt keen on proper discussion on GST Bills in Parliament

Ø  Sebi puts in place disclosure norm for InvITs

Ø  UK government denies handwritten note on Brexit is policy... SHUBODAYAM..BLOOM

Economic Times



Business Standard

Ø  Get rural atms running on priority, orders RBI

Ø  Mistry meets top MFs, insurance company executives

Ø  Lawmaker suggests alliance of India, US, Russia,Japan

Ø  50% tax on unaccounted deposits; 85% if caught

Ø  Morgan Stanley lowers India’s growth forecast

Ø  Oil falls over doubts over planned crude output cut

Ø  I-T dept won't ask for bank deposits' source: Adhia



Ø  CRR hurdle for lending rate cut

Ø  Essel Group's growing appetite for acquisitions

Ø  RBI relaxes cash withdrawal rule

Ø  Economy grew 7.1% in first half: Sitharaman

Ø  India imports 17.2 lakh tonnes of wheat this year

Ø  Renew lapsed policy faster through self-inspection

Ø  Infosys looks to take payments bank solution global

Ø  Appellate Tribunal stays CCI order against India Cements

Business Line



Mint

Ø  Oil India Q2 profit dips 18%; declares 1:3 bonus

Ø   RBI hikes cash reserve ratio; maintains sanctity of its policy rate

Ø  Venture debt comes of age in India, at long last

Ø   Govt removes excise duty on POS machine manufacturing

Ø  Suzlon bags 50.4-MW project in AP

Ø  Dollar, US bond yields drop as oil tumbles on doubts over output cut



Ø  Tata Sons asks Nusli Wadia to withdraw legal notice

Ø  Govt unveils National Software Policy, eyes 3.5 million jobs by 2025

Ø  Supreme Court tells Sahara chief Subrata Roy to deposit Rs600 crore by 6 February

Ø  Tata Steel, Liberty set to begin talks for UK assets sale

Ø  Ajay Kanwal, Standard Chartered’s Asean CEO, resigns over disclosure lapse

Ø  EPFO to seed Aadhaar in 81 million PF accounts by 31 Dec

Financial Express



Financial Chronicle

Ø  BSE Sensex back on track to finish at 26,316.34, NSE Nifty settles at 8,114.30

Ø  Edelweiss AMC buys fund biz of JP Morgan Asset

Ø  RJio files complaint with CCI against Airtel, Vodafone and Idea

Ø  Dollar retreats from peaks, euro boosted by Fillon win

Ø  Maruti Suzuki stops Ritz's production



Ø  Switch to e-payment at the earliest, Centre tells ULBs

Ø  Early Budget to help kick-start projects from Apr 1: Nirmala

Ø  Tata Sons' shareholders discord may hit group cos: S&P

Ø  Odisha land reserved for Posco might go to JSW

Ø Demonetisation: PM Modi to hold meeting with senior ministers

Ø  Farm, commerce ministries want to dump rubber board... SHUBODAYAM...BLOOM

🔹Business Standard

Ø  TGBL, Tata Steel pass resolutions to stop Mistry

Ø  Watsa close to buying stake in Catholic Syrian Bank

Ø  RBI lets banks to park old currency at district chests

Ø  Rural economy hit hard as informal lending reduces

Ø  Airtel Payments Bank opens 10,000+ A/Cs in 2 days

Ø  I-T dept asks IDS declarants to pay tax by Nov 30

Ø  RIL seeks access to India's longest LPG pipeline by IOC

Ø  E-commerce firms to deduct TCS under GST

Ø  India Inc more vulnerable to slowdown than in 2008

Ø  Bond yields to rise on incremental CRR

Ø  RBI committed to easing pain of honest citizens: Urjit Patel

Ø  Cash crisis: Traders' body seek PM Modi's, RBI intervention

Ø  Tata Sons reaches out to more shareholders as EGMs approach

Ø  SBI records of loans to Adani firms cannot be disclosed: CIC

Ø  CPPIB strikes largest deal in logistics space

Ø  Notifications will be issued for GST rates: Revenue secretary

Business Line

Mint

Ø   Airtel acquires Econet’s stake in Nigerian arm

Ø  Economists’ criticism of demonetisation not fact—based: Debroy

Ø  Wind sector gasps, seeks breather through extension of sops

Ø  Oil regulator opposes govt’s move to give GAIL the run of Eastern gas grid

Ø  NTPC-BHEL power gear unit finally up, but downsized

Ø ‘Demonetisation move to scorch dabba trading’

Ø  Commerce ministry favours ‘restriction free' gold imports

Ø  NSE to auction investment limits for Rs22,171 crore govt bonds

Ø Demonetisation to have gains in long run: Chandrababu Naidu

Ø  Service tax department to auction Vijay Mallya plane on 28-29 November

Ø  Sebi approves Reliance Infra’s InvIT application

Ø  RBI takes surprise action to soak up liquidity

Financial Express

Financial Chronicle

Ø  Defer Place of Effective Management, remove tax barrier for startups: Nasscom to finance ministry

Ø  Jobs will be safe in MSME sector, govt assures workers

Ø  95 per cent black money intact in non-currency form: CPI(M) leader Brinda Karat

Ø  Going cashless: Rising currency-GDP ratio key impediment

Ø  Switch to e-payment at the earliest, Centre tells ULBs

Ø  New GST model provides for anti-profiteering measures

Ø Demonetisation among 3 most important economic reforms: Tata

Ø  PM's idea of cashless economy unrealistic: Omar

Ø  Note ban: ICICI Bank presses into service mobile branches.... SHUBODAYAM...BLOOM

Fundamental of Financial planning.
1. 30 % of your income must be used for monthly living expenses.
2. 30% of your income must be used for Liabilities repayments
3. 30% of your income must be SAVED for your future LIVING.
4. 10% of your income must be spared for entertainments, vacations………..
5. 6 moth monthly income must be available for emergency fund { LIQUID FUND }, it can be CASH or cashable investments
6. Home loan must be registered and apply on both husband and wife name. { Both can get benefits on Home loan Tax benefits }
7. Buying second house for investment is not advisable [ Survey reports - it will fetch you only around 3% return]
8. After age 45 years not supposed to enter into any BIG LIABILITIES [ Higher education of children and wedding of children will happen around 45 to 50 only ]
9. Joint account is compulsory @ Bank savings account.
10. Property must be registered on both Husband and wife name. [ As per legal act – after husband first legal heir is wife, after wife it will go to children only ]
11. Regular check on Nominations at all financial instruments
12. Only in insurance policy, Claims payable to Nominee. In other financial instruments legal heirs certificate is must to get back the settlement
13. 2 moths salary must be parked on LIFE INSURANCE POLICY [ it’s a universal thumb rule on insurance ]
14. Don’t take any financial investment decisions by EMOTIONALLY
15. MEDICLAIM is must [ in spite of Group mediclaim coverage given at office [ After retirement there is no mediclaim coverage. After 50 years its very tough to enter into mediclaim ]
16. For your jewelry LOCKER, Only one lakh is payable by bank, if theft or fire happen at bank. Provided insurance done.
17. Like same way Government guaranteed only one lakh for your FD also. [ Fixed deposits with Banks upto Rs. 1 lakh only are backed by deposit insurance ]
18. Must know all tax implications. You cannot avoid paying tax. But you can minimize by way of investments.
19. All financial documents must be kept safely.
20. Financial investments must be fallowed through personal financial advisor.
21. Review your financial port folio by every six month.

Economic Times

Business Standard
Ø  Swiss Banks to share info on Indian A/C holders

Ø  82,500 ATMs recalibrated to dispense new notes

Ø  Note ban wipes out Rs 10 lakh crore of wealth

Ø  PFRDA may hike commission for fund managers

Ø  2071 industrialists owe Rs 3.89L-cr to banks: FinMin

Ø  Tata had pitched for selling TCS to IBM: Mistry

Ø  Coca-Cola plans aluminium bottles for India


Ø  Sebi likely to ease rules for angel funds

Ø  About 80 items likely on GST exemption list

Ø  L&T's Q2 profit zooms 84% to Rs 1,434 cr

Ø  Absence of coal linkage policy hurts power plants

Ø  Rs 4,500 crore 'irregular' tax benefits given to infrastructure firms: CAG

Ø  SC dismisses special leave petition against RCOM

Ø  L&T bags Rs 1,926 cr projects across biz segments

Business Line

Mint
Ø  Demonetisation will erode farmers’ gains: NCML chief

Ø  RCom takes on Reliance Jio

Ø  Demonetisation: It’s just the beginning, says PM

Ø  Nusli Wadia sends second notice to Tata Sons

Ø  BPCL to export light diesel oil in rare move

Ø  Reliance MF files for 2nd tranche of CPSE ETF


Ø  The richest 1% of Indians now own 58.4% of wealth

Ø  India loses most in $11 billion emerging markets outflow amid dollar rally

Ø  Indian rupee closes fresh nine month low against dollar on market volatility

Ø  Lenders allowed more time to classify defaults as NPAs

Ø  Piramal to finance office, retail assets via flexible rental plan

Financial Express

Financial Chronicle
Ø  Indian wealth falls 0.8% to USD 3 trn in 2016: Credit Suisse

Ø  NPS subscribers may get housing loans at affordable terms

Ø  BSE Sensex off 6-month low, gains to close at 25,960.78; NSE Nifty touches 8,000 mark

Ø  RBI asks banks to ensure adequate cash supply to co-operative, rural banks


Ø  CPI inflation to moderate to around 4% in Nov: Nomura

Ø  GST law to have clause to tackle profiteering

Ø  Demonetisation: Delhi HC adjourns hearing till Dec. 8

Ø  Sebi mulling to allow FPIs to invest in unlisted NCDs

Ø  Fitch reaffirms negative outlook for banks... SHUBODAYAM.... BLOOM

🔹Business Standard

Ø  Banks get about Rs 5.44L-cr worth of scrapped notes

Ø  RBI relaxes withdrawal norms for farmers, traders

Ø  Demonetisation: GDP to fall by up to 80 bps, says DBS

Ø  RBI allows Rs 50,000/wk withdrawal from overdraft a/cs

Ø  Property likely to be cheaper after demonetisation

Ø  Nepal cancels $1 bn expressway project with ILFS

Ø  Sun Group, Adani, 42 other cos to bid for small fields

Ø  Nusli Wadia slaps defamation notice on Tata Sons

Ø  GDP growth to drop to 5.5% in Q3 FY17: FinMin

Ø  Deutsche Bank cuts Sensex target to 25,000 on global cues

Ø  CBI moves extradition request for Vijay Mallya

Ø  75,000 ATMs reset in under 6 days as RBI task force steps in

Ø  NHAI to raise Rs 55K crore via EPFO, LIC, bonds this fiscal

Ø  Paytm hits $5 bn GMV, clocks Rs 120 cr worth of daily deals
Business Line

Mint
Ø  ONGC, Oil India, RIL, BP skip oilfield auction

Ø  Zydus Cadila gets USFDA nod for anti-infections tablets

Ø  North-East monsoon remains subdued as ‘low’ fails to form

Ø  Bosch’s BSH Household eyes India

Ø  JSW Steel plans to restart coking coal mining in US

Ø  RInfra bags ₹3,675-cr EPC order from NLC India

Ø  Cyrus Mistry's conduct caused harm to TCS, stakeholders: Tata Sons

Ø  Indian rupee closes lower against dollar

Ø  Oracle to buy Internet infrastructure provider Dyn

Ø  Rupay debit cards can be used at PoS terminals: NPCI

Ø  Cash withdrawal for weddings faces stiff RBI rules

Ø  Brookfield offers to buy TerraForm Power for $1.8 billion
Financial Express

Financial Chronicle

Ø  BSE Sensex plunged over 380 points to close at 25,765.14, NSE Nifty slid to 7,929.10

Ø  Demonetisation impact to linger till Q2 of next fiscal:  Nomura

Ø  : RBI sets rupee reference rate at 68.2575 against US dollar

Ø  Rajasthan industries staring at Rs 1 lakh crore loss, says Forti

Ø  Fund mop-up via QIP plunges 78% to Rs 2,818 cr in HI FY17

Ø  HC to hear tomorrow plea against demonetisation

Ø  16 of 22 PSBs skip dividend in FY16 on rising NPAs...... SHUBODAYAM... BLOOM

🔹Business Standard

Ø  Note ban: Auto industry takes a hit in Nov sales

Ø  Liquidity to stay, rates may fall further: SBI

Ø  Bank account violators will face 7 yrs jail, warns IT dept

Ø  RBI proposes Islamic window in banks

Ø  'Mining can add $70 bn to India's GDP in next 15 yrs'

Ø  Patanjali to acquire more land for Nagpur project

Ø  16 of 22 PSU banks skip dividend in FY16 on mounting NPAs

Ø  Staff crunch likely to restrict I-T scanner on bank deposits

Ø  Cheaper bank loans soon: PM

Ø  PSU bank stocks make the most of demonetisation move

Ø  FPI outflows hit $3 bn in Nov on cash crisis, US rate hike fears

Ø  Govt gets 6 more weeks to respond to Cairn Energy arbitration

Ø  MFs eye Rs 1.5 trillion inflows from HNIs, retail investors

Ø  Oilfield auction: Exxon Mobil, BP, RIL likely to skip
Business Line

Mint

Ø  Informal GST Council meeting remains inconclusive

Ø  TTK Prestige eyes ₹1,700-cr turnover this fiscal

Ø  Global NCAP gives 4-star rating to Tata Zest

Ø  Maharashtra tops list of internet subscribers in India

Ø  Notes ban to swell digital payment platforms’ kitty: Assocham

Ø  Sebi considers giving a fillip to start-up ecosystem

Ø  New rules on network rollout to reduce call drops: COAI

Ø  APEC summit: China, Russia to push for free-trade area in Asia-Pacific

Ø  Shree Cement in bid to buy Shiva Cement

Ø  Promoter share pledges continue to remain high
Financial Express

Financial Chronicle

Ø  Top companies can shift 40% steel movement to coastal shipping: Government

Ø  Made efforts to ensure actions based on equity: India on COP22

Ø  Stocks may see volatility, demonetisation to hog limelight, say experts

Ø  Fund mop-up via QIP plunges 78% to Rs 2,818 cr in HI FY17

Ø  Mauritius hopes to remain top FDI source despite new treaty

Ø  RBI dispels rumours of fake Rs 10 coins in circulation

Ø  Centre cautions against shady Jan Dhan deposits

Ø  NHPC to refinance Rs 2,000 cr loan; hopes to recover dues.... SHUBODAYAM... BLOOM

Economic Times



Business Standard

Ø  No shortage, RBI supplying adequate money: FM

Ø  TCS EGM on Dec 13 to remove Mistry as director

Ø  ICICI, HDFC Bank cut FD rates by 0.25%

Ø  RBI forms task force to ease currency exchange in Nepal

Ø  RBI could use proceeds to retire part of govt debt

Ø  Iran overtakes Saudi Arabia as top oil supplier to India

Ø  Microfinance players may be hit: India Ratings



Ø  Sebi tightens insider trading norms at AMCs

Ø  RBI lifts restriction on FPI investment in bonds

Ø  Janet Yellen says Fed could raise interest rates 'relatively soon'

Ø  India software revenue to touch $5.8 billion in 2017: Gartner

Ø  FIIs pulled out $1 billion in five trading sessions

Ø  DIIs emerge as strong counter balance to overseas funds

Ø Demonetisation: Get Rs 2,000 cash from petrol pumps Nov 24 onwards

Business Line



Mint

Ø  CII calls for single-window clearance for mine allocation

Ø  Rupee up 11 paise against dollar in late trade

Ø  Centre moves Supreme Court to stay proceedings against demonetisation

Ø  Lupin gets USFDA nod for generic pain relieving drug

Ø  Federal Bank ties up with Oxigen for cash management services



Ø  Replacing scrapped Rs500 and Rs1,000 notes may take six more months

Ø  Vedanta revokes suspension of operations at Bicholim mine in Goa

Ø  Facebook buys facial recognition tech start-up FacioMetrics

Ø  JPMorgan to settle US government probe of China hiring: report

Ø  Indian IT sector growth forecast lowered on Brexit, Donald Trump

Financial Express



Financial Chronicle

Ø Demonetisation to have temporary impact on MFIs, borrowers

Ø  Govt approves Rs 6,068 crore highway projects in 8 states

Ø  ,India comes in at 25 among 27 pension systems globally

Ø  Air India posts Rs 246 cr operating loss in April-June quarter



Ø  RCom creates new infra company Towercom

Ø  No question of roll back of demonetisation: Jaitley

Ø  Mistry skips 2 key board meets of Tata group firms

Ø  Sebi eases PAN verification process for FPIs

Ø  Scheme to construct 1 cr house in 3 years on: Govt......... SHUBODAYAM.. BLOOM

🔹Business Standard

Ø  Modi's new strike against black money backfires

Ø  Banks, POs to report cash deposits over Rs 2.5L

Ø  Centre circulates draft GST law with states

Ø  Cabinet may soon consider complete FDI ban in tobacco sector

Ø  Iron-ore production jumps 25% in Apr-Sept

Ø  FSSAI to set up food safety standards review panel

Ø  Airtel may turn around Africa operations in FY18

Ø  Mistry sends legal notice to Tata Global

Ø  Vijay Mallya loan not waived off, says Arun Jaitley

Ø  No intention to demonetise Rs 100/50 notes: Govt

Ø  New Japan real estate loans hit record, eclipse bubble economy peak

Ø  UK, US markets can boost Cipla's fortunes

Ø  Rupee tumbles by 20 paise to 67.94 against a strong dollar

Ø  LafargeHolcim increases stake in ACC & Ambuja

Business Line

Mint
Ø  Expert panel mooted for fixing poverty line

Ø  Former RBI Governor Subbarao hails govt’s decision on note ban

Ø  Axis Bank cuts MCLR rate by 0.15-0.20% from Friday

Ø  Nasscom cuts growth forecast to 8-10% for 2016-17

Ø  Hindalco eyes value-added products for margin boost

Ø  Note ban fallout: LIC extends grace period for premium payment  

Ø  Subbarao warns RBI against taking unclaimed notes as profit

Ø  Narendra Modi faces risk of economic stress as cash runs short

Ø  Tata Tech stake sale talks on; deal may take longer

Ø  NSE may divest 25% stake via OFS route

Ø  Brexit immigration crackdown may affect Google’s future plans: Sundar Pichai

Ø  Bharti Airtel, Robi Axiata complete merger in Bangladesh

Financial Express

Financial Chronicle
Ø  RIL slaps arbitration notice on government over $1.55 bn demand: Dharmendra Pradhan

Ø  Cyrus Mistry takes first legal action, sends notice to Tata Global Beverages

Ø  Cut Corporate tax to 25%, hike exemption limit to Rs 5 lakh: Assocham

Ø  Microsoft chairman Bill Gates meets Prime Minister Narendra Modi

Ø  India Inc overseas direct investment dip 29% to $2.11b in October

Ø  Overall FTA effect on trade positive: Nirmala

Ø  MF industry looks to ramp up investor base to 9cr in 5 years

Ø  RBI set to cut rates in December: Kotak

Ø  Coalscam: Court grants CBI a month more to file probe report...... SHUBODAYAM... BLOOM

🔹Business Standard

Ø  Modi's new strike against black money backfires

Ø  Banks, POs to report cash deposits over Rs 2.5L

Ø  Centre circulates draft GST law with states

Ø  Cabinet may soon consider complete FDI ban in tobacco sector

Ø  Iron-ore production jumps 25% in Apr-Sept

Ø  FSSAI to set up food safety standards review panel

Ø  Airtel may turn around Africa operations in FY18

Ø  Mistry sends legal notice to Tata Global

Ø  Vijay Mallya loan not waived off, says Arun Jaitley

Ø  No intention to demonetise Rs 100/50 notes: Govt

Ø  New Japan real estate loans hit record, eclipse bubble economy peak

Ø  UK, US markets can boost Cipla's fortunes

Ø  Rupee tumbles by 20 paise to 67.94 against a strong dollar

Ø  LafargeHolcim increases stake in ACC & Ambuja

Business Line

Mint
Ø  Expert panel mooted for fixing poverty line

Ø  Former RBI Governor Subbarao hails govt’s decision on note ban

Ø  Axis Bank cuts MCLR rate by 0.15-0.20% from Friday

Ø  Nasscom cuts growth forecast to 8-10% for 2016-17

Ø  Hindalco eyes value-added products for margin boost

Ø  Note ban fallout: LIC extends grace period for premium payment  

Ø  Subbarao warns RBI against taking unclaimed notes as profit

Ø  Narendra Modi faces risk of economic stress as cash runs short

Ø  Tata Tech stake sale talks on; deal may take longer

Ø  NSE may divest 25% stake via OFS route

Ø  Brexit immigration crackdown may affect Google’s future plans: Sundar Pichai

Ø  Bharti Airtel, Robi Axiata complete merger in Bangladesh

Financial Express

Financial Chronicle
Ø  RIL slaps arbitration notice on government over $1.55 bn demand: Dharmendra Pradhan

Ø  Cyrus Mistry takes first legal action, sends notice to Tata Global Beverages

Ø  Cut Corporate tax to 25%, hike exemption limit to Rs 5 lakh: Assocham

Ø  Microsoft chairman Bill Gates meets Prime Minister Narendra Modi

Ø  India Inc overseas direct investment dip 29% to $2.11b in October

Ø  Overall FTA effect on trade positive: Nirmala

Ø  MF industry looks to ramp up investor base to 9cr in 5 years

Ø  RBI set to cut rates in December: Kotak

Ø  Coalscam: Court grants CBI a month more to file probe report...... SHUBODAYAM... BLOOM

🔹Business Standard

Ø   RBI to pay fatter dividend post ban on 500 & 1000 notes

Ø  World Bank advises India to cut subsidies, import tariffs

Ø  No toll tax on National Highways till Nov 11: Gadkari

Ø  Banks to remain open for public transactions over the weekend

Ø  Customers required to fill simple form for exchange

Ø  'Cash on hand' firms emerge as laundering vehicles

Ø  Demonetisation fallout! Sales of TV, fridge, washing machine could slump 70%

Ø  Govt talks tough, to track cash deposits closely

Ø  World in shock as Trump surges to victory in US

Ø  I-T Dept to keep record of deposits over Rs 2 lakh

Ø  Anxious world leaders seek clarity on Trump policies

Ø  Apollo tyres mulls new manufacturing plant in India

Ø  Gold, silver prices surge as reaction to demonetisation and Trump win

Ø  France says Europe must toughen up, protect itself after Trump victory

Business Line


Mint

Ø  New high-security Rs. 500, Rs. 2,000 notes to be available in ATMs from Nov 11

Ø  Rupee, bonds gain on bank notes measures

Ø  SBI branches will work for extended hours on Thursday

Ø  Bosch profit up 11% on higher sales

Ø  Gold zooms, oil swoons as Trump lead roils risky assets

Ø  US Consul General expects further strengthening of Indo-US ties

Ø  Plea in Supreme Court against scrapping of Rs1,000, Rs500 notes

Ø  E-wallet firms such as Paytm, MobiKwik seen gaining from cash curbs

Ø  Ford to build global tech, business centre in Chennai

Ø  Indian Bank Q2 profit rises 18% at Rs405 crore

Ø  Cipla Q2 profit falls 35% as Europe, emerging markets suffer
Financial Express

Financial Chronicle

Ø  World Bank probe into Tata tea project finds it failed to protect workers

Ø  Tata Steel may close UK pension scheme: Union source

Ø  Rs 1L cr port work on, govt to use IT for efficiency: Nitin Gadkari

Ø  Demonetisation: Ola Money sees 15-fold rise in wallet recharge

Ø  RBI clears the air on note exchanges

Ø  US leadership 'as important as ever': NATO chief

Ø  Trump pledges to be President for all Americans

Ø  Record 5 Indian-Americans set to be elected to US Congress

Ø  Automatic extension of oil firms' licences on cards

Ø  Bharat Forge net falls, to sell JV...... SHUBODAYAM..BLOOM

Economic Times

Business Standard
Ø  PM declares Rs 500, 1000 notes to be invalid
Ø  Note ban: Sebi beefs up risk management systems
Ø  Banks to remain closed tomorrow, ATMs won't function
Ø  Card data breach on account of 3rd party: Banks
Ø  PFRDA asks PAC to study relaxing 40 pc annuity rule
Ø  Foreign lenders question Ruia motive to pay back
Ø  NBCC starts biggest land monetisation drive

Ø  US Election Live: Trump wins Indiana, Kentucky; Clinton wins Vermont
Ø  Indian pharma majors to launch generic of $4 bn antidepressant
Ø  86% of currency by value in India are of Rs 500 & Rs 1,000 denominations
Ø  India, UK seek stronger trade ties, post Brexit
Ø  Retail inflation to soften further, October CPI seen at 4.1%: Report
Ø  Centre plans to allow 100% FDI in e-commerce, with Make in India rider
Business Line

Mint
Ø  GST portal goes live, GSTN software almost ready: Chairman
Ø  Ashok Leyland Q2 net profit jumps 71% to Rs. 294.41 cr
Ø  Adani inaugurates 100 MW solar plant in Bhatinda
Ø  Revised estimates put soyabean output higher, at 114.9 lakh tonnes
Ø  IndiGo's net profit jumps 24% to Rs. 140 cr in Sept quarter
Ø  India’s gold demand drops 28% in Q3: WGC

Ø  SoftBank Group writes down $555 million in Ola, Snapdeal investments
Ø  Dubai signs deal to evaluate world’s first hyperloop transport system
Ø  PNB may quit IBA-wage packages, plans own salary structure
Ø  Hindalco said to consider $500 million share sale amid rally
Ø  Varun Beverages shares close 3.8% higher than issue price in stock market debut
Financial Express

Financial Chronicle
Ø  Ford to invest Rs 1,300 cr in new tech & biz hub in India
Ø  Tata’s return tarnishes aura of India’s legendary dynasty
Ø  BSE Sensex ends over 95 points down at 27,430.28, NSE Nifty settles at 8,484.95
Ø  Rs 50 crore Oil India Limited StartUp fund for new ideas in oil & gas sector

Ø  Ford to invest Rs 1,300 cr in tech & biz hub in India
Ø  GMR inks deal with Goa govt to develop Mopa airport
Ø  President calls for policy interventions to boost exports
Ø  SAARC satellite to be launched in March next year: ISRO
Ø  Govt to push reforms to woo investment, plug infra deficit: FM
(Click on link to view article)

🔹Business Standard

Ø  Tata-Mistry feud: Cos may suffer debt blow if Tata guarantees expire

Ø  'UK eager to have free trade agreement with India'

Ø  Indian cos eyeing to raise money through masala bonds

Ø  UK wants India to speed up Vodafone, Cairn arbitration

Ø  'Clinton win may pose pricing challenges for pharma'

Ø  Hotel Industry warns tourism will suffer at 18% GST

Ø  4G expansion to take tower cos to new heights

Ø  Barack Obama leaves behind a legacy & debt burden

Ø  3 Tata directors hired minutes before AGM

Ø  Rural economy to be 2017-18 Budget's highlight

Ø  $1.55 bn penalty sought from RIL exaggerated, say analysts

Ø  Theresa May visit: India, UK to sign over Rs 8,300 crore business deals

Ø  Cabinet to take final call on listing of PSU insurers this month

Ø  ICICI Bank Q2 net up 2.37% at Rs 3,102 crore
Business Line

Mint

Ø  Cognizant Q3 net up 12% at $444.4 mn

Ø  MCX aluminium hovers at crucial resistance

Ø  Nifty 50 futures listed on Taiwan Futures Exchange

Ø  Britannia Q2 consolidated net up 5.80% at Rs 234 cr

Ø  4% price fluctuation limit in pepper futures irks traders

Ø  Defence Ministry approves new blacklising policy

Ø  Rupee closes marginally lower against US dollar

Ø  Cairn-ONGC deal: Delhi HC gives Centre one last chance

Ø  Cognizant finds ‘improper payments' of $5 mn made in India

Ø  United Bank of India’s Q2 net profit falls 30% to Rs43.53 crore on bad loans

Ø  Cyrus Mistry said to have proposed doubling dividend to Tata’s owners

Financial Express


Financial Chronicle

Ø  BSE Sensex ends over 95 points down at 27,430.28, NSE Nifty settles at 8,484.95

Ø  Delhi High Court asks Hotel Leela Venture to pay Rs 258 crore royalty to AAI

Ø  India hopes early extradition of Vijay Mallya after May-Modi talks

Ø  Farmers stage protest at WHO tobacco conference venue

Ø  Central govt may opt for fiscal deficit band

Ø  Gold falls most in a month as FBI's late twist favours Clinton

Ø  Future Group signs pact to acquire Heritage Foods biz

Ø  Foreign investors seek speedy resolution of Tata-Mistry feud

Ø  High imported coal price may hit power sector

Ø  Britain's exit from EU a 'positive' for India: Sunil Mittal..... SHUBODAYAM..BLOOM

Business Standard

Ø  Banks, LIC told to monitor Tata Group developments

Ø  Tatas postpone investor meet scheduled for Nov 18

Ø  Reliance Industries partners consider joining arbitration in $1.55 bn gas row

Ø  OIL India asks Assam govt to tackle frequent bandhs, disruptions

Ø  Govt plans to stop financial support to tobacco firms

Ø  New GST structure may be non-inflationary: Citigroup

Ø  Govt working on Policy for E-Pharmacy startups  



Ø  Government pushes for trade pact among Bimstec nations

Ø  Steel turns dearer as coking coal price surges

Ø  UK's immigration stance to decide trade deal path

Ø  Coastal economic zones may get 10-year tax exemption in next Budget

Ø  India rises to 2nd spot on global biz optimism index: Report

Ø  Godrej Properties expects Rs 3K-crore revenue from Greater Noida township

Ø  Coal imports decline 13.7% in October

Business Line



Mint

Ø  FDI in India rises 30% to $21.6 bn in April-Sept

Ø  Boards of Dalmia Bharat, OCL approve merger

Ø  Mumbai Press Club wants Tata Sons to remove TOPS guards

Ø  CII team to visit Bangladesh, explore investment opportunities

Ø  Govt mandates 20% local components in mobiles for export aid

Ø  BSNL approaches Telecom Deptt for 700 MHz spectrum



Ø  GST Compensation Bill to detail revenue foregone by states

Ø  Theresa May flies to India to prepare ground for post-Brexit trade deal

Ø  Apple seeks incentives to set up manufacturing unit

Ø  Private sector NPS subscribers   invest in AIFs, REITs

Ø  Tata Group firms’ independent directors left in the dark on Cyrus Mistry ouster

Ø  Lenders put top NPA cases on standby over S4A norms delay

Financial Express



Financial Chronicle

Ø  Rs 50 crore Oil India Limited StartUp fund for new ideas in oil & gas sector

Ø  Patanjali Ayurved to invest Rs 1,300 crore in Assam

Ø  Rupee One note revived due to better use of technology

Ø  Devendra Fadnavis urges Centre to increase import duty of soyabean to support farmers



Ø  Average size of startup funding up 27% to Rs 4.6 cr

Ø  MF agents oppose Sebi norms for advisory services

Ø  Gilt funds better than direct G-sec investments

Ø  Gold maintains upward trend on global cues

Ø  Private sector needs to invest big-time, says Jaitley...... SHUBODAYAM..BLOOM

Economic Times

Business Standard

Ø   UK downgrade warned if Brexit deal weakens growth

Ø  Govt, 3 PSUs to set up equity fund for renewables

Ø  Fed resumes meeting, expected to hold rates steady

Ø  Oil down 3 per cent after record US crude build

Ø  As China shifts from oil exporter to importer, fortunes change

Ø  India to launch clean energy equity fund: Sources

Ø  Vodafone case: ICJ rejects plea to replace arbitrator


Ø  S&P affirms India's sovereign ratings, says outlook is stable

Ø  Leadership changes on Tata Sons not to impact risk profile: CRISIL

Ø  Coal stocks dip in 58 power plants, govt denies shortage

Ø  Tech Mahindra bags two contracts from Nordic region

Ø  LIC cut investments in Tata group during Mistry tenure

Ø  Reliance Jio to install 45,000 mobile towers in 6 months to boost 4G network


Mint

Ø  Govt starts review of foreign trade policy

Ø  Govt proposes annual surveys on employment and labour force

Ø  SEBI revamps secondary market advisory committee

Ø  Lupin gets USFDA nod for birth control pill

Ø  Support may limit downside in NCDEX turmeric

Ø  Welspun India credit rating remains stable


Ø  Banks cut lending and deposit rates

Ø  Tata empire split as Cyrus Mistry stays chairman of group units

Ø  Airtel planning rural expansion, in wake of Jio entry: CEO Gopal Vittal

Ø  Mutual funds now hold more Indian stocks than LIC

Ø  Bank credit to NBFCs highest in three years: RBI data

Ø  Reliance Jio to install 45,000 mobile towers in 6 months


Financial Chronicle

Ø  BSE Sensex slides close to 350 points to end at 27,527.22, NSE Nifty settles at 8,514

Ø  Fear of Donald Trump Pushes Gold Above $1,300 as Investors Seek Haven

Ø  India-China hold JWG  meet on setting up Industrial Parks in India


Ø  India Inc believes eco faring better; credit an issue

Ø  Norms on onetime settlement for debt ridden soon

Ø  'Remove anomalies across sectors before GST rollout'

Ø  PM chairs high-level meet,discusses steps to reduce oil import... SHUBODAYAM..BLOOM

Economic Times

Business Standard

Ø   UK downgrade warned if Brexit deal weakens growth

Ø  Govt, 3 PSUs to set up equity fund for renewables

Ø  Fed resumes meeting, expected to hold rates steady

Ø  Oil down 3 per cent after record US crude build

Ø  As China shifts from oil exporter to importer, fortunes change

Ø  India to launch clean energy equity fund: Sources

Ø  Vodafone case: ICJ rejects plea to replace arbitrator


Ø  S&P affirms India's sovereign ratings, says outlook is stable

Ø  Leadership changes on Tata Sons not to impact risk profile: CRISIL

Ø  Coal stocks dip in 58 power plants, govt denies shortage

Ø  Tech Mahindra bags two contracts from Nordic region

Ø  LIC cut investments in Tata group during Mistry tenure

Ø  Reliance Jio to install 45,000 mobile towers in 6 months to boost 4G network


Mint

Ø  Govt starts review of foreign trade policy

Ø  Govt proposes annual surveys on employment and labour force

Ø  SEBI revamps secondary market advisory committee

Ø  Lupin gets USFDA nod for birth control pill

Ø  Support may limit downside in NCDEX turmeric

Ø  Welspun India credit rating remains stable


Ø  Banks cut lending and deposit rates

Ø  Tata empire split as Cyrus Mistry stays chairman of group units

Ø  Airtel planning rural expansion, in wake of Jio entry: CEO Gopal Vittal

Ø  Mutual funds now hold more Indian stocks than LIC

Ø  Bank credit to NBFCs highest in three years: RBI data

Ø  Reliance Jio to install 45,000 mobile towers in 6 months


Financial Chronicle

Ø  BSE Sensex slides close to 350 points to end at 27,527.22, NSE Nifty settles at 8,514

Ø  Fear of Donald Trump Pushes Gold Above $1,300 as Investors Seek Haven

Ø  India-China hold JWG  meet on setting up Industrial Parks in India


Ø  India Inc believes eco faring better; credit an issue

Ø  Norms on onetime settlement for debt ridden soon

Ø  'Remove anomalies across sectors before GST rollout'

Ø  PM chairs high-level meet,discusses steps to reduce oil import... SHUBODAYAM..BLOOM

FII’s have decreased their exposure in Index long futures (by 3%) and their positions in Index shorts is increased by 13 %. In options, FII’s have decreased positions in Index Call (long) by 0.15% and positions in Index Put (long) is increased by 12 %

Shorts by Fiis Incrasing daily to daily basis.even at lower levels they are going short bravely.

Economic Times



Business Standard

Ø  India-Japan amended tax treaty comes into force

Ø  Removal of Mistry was necessary: Ratan Tata

Ø  Govt orders SFIO probe against FTIL, 18 associate cos

Ø  Cabinet may hike rabi pulses MSP by up to Rs 600/qt

Ø  SEBI grants in principal OK to BSE for international exchange

Ø  Japan govt keen to fund Delhi Metro's phase IV

Ø  Airtel signs Rs 420-cr deal with Nokia on VoLTE tech



Ø  Centre moves to overcome hurdle on dual control of GST

Ø  Govt confident on achieving fiscal deficit target of 3.5%

Ø  Ratan, Soonawala were in the loop on DoCoMo: Mistry

Ø  Govt: No plans to further reduce import duty on wheat

Ø  RBI fixes rupee reference rate at 66.7140 against US dollar

Ø  Sebi tightens norms for credit rating agencies

Ø  MCX plans options in gold, mock trading in a month

Business Line



Mint

Ø  Tata Motors' sales jump 21% to 52,813 units

Ø  Grasim-Aditya Birla Nuvo merger ‘on track’

Ø   FPIs pull out Rs. 10,306 cr from capital markets in Oct

Ø  SAIL to be major supplier for Sardar Patel statue

Ø  Coal India April-October output at 274 mt; misses target

Ø  Pfizer earnings tumble on lost patents, higher costs



Ø  Goldman sees oil in low $40s if Opec deal comes to a cropper

Ø  Maruti domestic sales rise 2.2% in October

Ø  Strides Shasun gets USFDA nod for anti-HIV drug Abacavir

Ø  CIL, NTPC, Indian Oil in pact for revival of FCIL and HFCL units

Ø  Uco Bank among 3 foreign banks planning to open in Iran

Financial Express



Financial Chronicle

Ø  Sensex erases initial gains, closes over 53 points down at 27,876.61, Nifty settles at 8,626.25

Ø  Ratan Tata to form new group management structure within days: Source

Ø  Lupin gets USFDA approval for generic Ortho-Cyclen tablets

Ø  NHAI awards Rs 1,444 crore Punjab contract to GR Infraprojects



Ø  Govt to steer clear of Tata-Mistry tussle, for now

Ø  Panel to examine applications for 7 coal blocks next week

Ø  Hike GST rate by 1-2%, do not levy cess: Assocham

Ø  Nirmalya Kumar resigns as Tata Chemicals director

Ø  Plea to include tobacco products in highest tax slab

Ø  40 stainless steel grades exempted from QC order... SHUBODAYAM..BLOOM..tsv

पात्रत्वाद् धनमाप्नोति धनाद्धर्म ततः सुखम्।। शुभ धनतेरस

Good character attracts wealth; wealth if used for good deeds leads to happiness in the world.

 Happy Dhanteras with lots of
Health,Wealth,Happiness,Peace  & Prosperity in your life.

Good Morning.!
Have a Great this Diwali Festivals and happy, prosperous new year.

Said at 8800 levels that if nifty goes below 8740 levels we will test 8550 same happened. Fiis were writing calls of 8800 and 8700 during the time we were yelling Markets will tank and even Fiis had started selling in cash from 8800 levels. This indicates Fiis had smell of tata fiasco before a week or two..Fiis even had started buying puts. Datas were suggesting Fiis knew something that we dint knew.

Now there is heavy cash based selling by Fiis everyday.

Write on stamp paper either they know about Deutsche bank problem or They know results of American elections.

Their selling indicates a storm is coming... What is it??  Answer only firangis have.

D- Venkateswarulu:
Government of india proposed merger of 27 PSBs into 6.
 Below the name of Public sector Banks with the Anchor Bank (with which other Banks will get merged).

1. State Bank of India (Anchor Bank)

State Bank of Hyderabad
State Bank of Patiala
State Bank of Travancore
State Bank of Bikaner & Jaipur
State Bank of Mysore

2. Punjab National Bank (Anchor Bank)

Oriental Bank of Commerce
Allahabad Bank
Corporation Bank
Indian Bank

3. Canara Bank (Anchor Bank)

Syndicate Bank
Indian Overseas Bank
UCO Bank

4. Union Bank of India (Anchor Bank)

IDBI Bank Ltd
Central Bank of India
Dena Bank

5. Bank of India (Anchor Bank)

Andhra Bank
Bank of Maharashtra
Vijaya Bank

6. Bank of Baroda (Anchor Bank)

United Bank of India
Punjab & Sind Bank
Bhartiya Mahilla Bank

Under direction of RBI that from 1st April 2016 the clearing of cheques would be done on the same day in house where cheque is deposited i.e. with any Bank whether Nationalised & co - operative etc. and while screening if there is insufficiency of fund the bounced chq cannot be represented again & payee if need be will have to file legal complaint under section 138.

*Interesting Economics:*

1990 .....1KG gold = Maruti 800
2000......1KG gold = Esteem
2005......1KG Gold = Innova
2010......1KG Gold = Fortuner
2016.....1KG Gold = BMW X1

Keep 1 KG gold & wait till  2025....you may be able to buy a private Jet.... ✈✈😀😀 Happy Dhanters..

Fiis have sold 777 crores in cash today and sold Nifty futures of 1120 crores Approx. They have even bought puts to a larger extent. Data suggests Alert stance by Fiis. More bad sign us Fiis are using every bounce to exit their delivereis. Datas as of Now do not suggest any upside and may 8500 also will be taken out in a hurry. Their datas from 8950 are suggesting They are not sure of gst roll-out and they seem to be afraid of fed rate hike. Hedge Your longs definitely with puts. Be cautious. Datas are not worst but yes they are bad as of now.

Economic Times

Business Standard
Ø  Govt set to ask RIL, Shell, ONGC to pay $1 bn

Ø  Cash availability to slow trickle down of RBI's rate cuts

Ø  Indian economy can reach USD 6-8 trillion mark in 15 years: Arvind Panagariya

Ø  Ralph Speth, N Chandrasekaran join Tata Sons

Ø  Recommendations on free data architecture soon: TRAI

Ø  Maharashtra, Karnataka cane farmers to demand Rs 3200/tonne as first installment

Ø  Govt allows 100% FDI in ‘other financial services’


Ø  Power gencos face penalty as coal demand hits a low

Ø  Consolidation, clearing telecom mess top agenda

Ø  FinMin looking at 1-2% cut in corporation tax in FY18 Budget

Ø  Singapore's CapitaLand sets up $1.5 billion private equity fund for China

Ø  Insolvency and Bankruptcy Law to be operational by Dec

Ø  HDFC Bank net profit at Rs 3,455 cr, up 20% in Q2

Ø  Brokers to raise concerns on penalty, compliance costs with sebi

Business Line

Mint
Ø  No caveat filed in any court, clarifies Cyrus Mistry's Office

Ø  Apex court tells Mallya to disclose his foreign assets in a month

Ø  Determined to implement GST from April 1: Eco Affairs Secy

Ø  L&T Infotech to acquire analytics start-up AugmentIQ

Ø  IMD declares cyclone 'Kyant' in Bay of Bengal

Ø  Prudential Financial raises stake in DHFL Pramerica to 49%


Ø  Axis Bank's Q2 profit plunges 83% to Rs319 cr on bad loans

Ø  PNB Housing Finance’s IPO draws 20% bids on Day 1

Ø  BigBasket seeks govt’s approval for Rs100 crore FDI

Ø  Reliance Jio free offer impact on rivals likely by Q3: analysts

Ø  Airtel Q2 profit declines 4.9% as data tariffs cut amid competition

Ø  IDBI Bank Q2 profit halves to Rs56 cr as NPAs nearly double

Financial Express

Financial Chronicle
Ø  Sensex ends 88 points down, Nifty settles below 8,700

Ø  Government has strategic control;no threat to tax data: GST Network Chairman

Ø  IMF urges African states to cut deficits as growth grinds lower

Ø  Idea Cellular slips over 3% on posting 88% decline in consolidated Q2 net profit

Ø  Salaried tax payers to get SMS alerts on TDS deductions


Ø  'Mistry's ouster may be good for Tata Steel's UK ops'

Ø  FIIs remain overweight on Indian markets: UBS

Ø  Focus on mkt leadership, investor returns: Tata to CEOs

Ø  MFs see Rs 16k cr inflow in Sep; Rs 2.34L cr in H1

Ø  CBDT to issue certificates to 10.15 lakh taxpayers

Ø  TPREL inks pact with SECI for 100mw AP solar project..... SHUBODAYAM...tsv prasad..

Economic Times



Business Standard

Ø  Ratan Tata writes to PM Narendra Modi

Ø  Shapoorji and Pallonji to contest Mistry's ouster

Ø  NITI supports multiple rates, cess under GST

Ø  Ratan Tata seen as adverse to exiting UK biz

Ø  RBI calls stakeholders for meet on security breach

Ø  PSUs to take over stressed assets: Arun Jaitley

Ø  SC to hear if bank defaulters can be made public



Ø  Cyrus Mistry removed as Tata group chief, Ratan Tata returns

Ø  CCI okays RPG Life's acquisition of Sun Pharma brands

Ø  Now, RBI takes charge of monitoring card data breach

Ø  Sebi's proposed algo trading rules could cast shadow over bourse IPOs

Ø  Reliance Capital posts Rs 253 cr profit in Jul-Sep

Ø  Multiple-rate GST will be disastrous: Chidambaram

Business Line



Mint

Ø  ONGC to discuss bonus issue on Thursday

Ø  Adani Enterprises standalone net down 63% in Q2

Ø   MCX to set up disaster recovery centre in Gift City

Ø  Idea Q2 profit slumps 88% to ₹92 cr on rising expenses

Ø  Micro-insurance agents can sell crop insurance products: IRDAI

Ø  PNB Housing Fin IPO opens on Tuesday



Ø  Investments in agriculture, food sectors hit five-year low: study

Ø  Sebi finds some more brokers gained unfair access to NSE systems

Ø  GSK seeks US approval for potential $1 billion shingles vaccine

Ø  JSW Cement capacity expansion by 2018; partners with Australian firm

Ø  Microsoft to increase UK prices of enterprise products, citing falling pound

Financial Express



Financial Chronicle

Ø  Sensex ends 102 points up, Nifty settles above 8,700

Ø  Adani Power net loss narrows to Rs 114 crore in July-September quarter

Ø  Embraer reaches $205.5 mn graft settlement with US, Brazil

Ø  Cyrus Mistry to move Bombay High Court against his removal



Ø  FIs can buy up to 30% stake in Aditya Birla Nuvo

Ø  57 borrowers owe banks whopping Rs 85,000 crore

Ø  Sebi issues disclosure norms for listed insurance cos

Ø  Rupee takes another tumble, falls 3 paise

Ø  FIs mull options to shift operations to home country..... SHUBODAYAM...tsv

Economic Times



Business Standard

Ø  Singh brothers in talks to sell Religare Finvest for Rs 6,000 cr

Ø  RIL set to sign $600 million ethane ship deal today

Ø  IDFC Alternatives buys 3 Punj Lloyd solar projects

Ø  Trai floats paper on interconnect rules

Ø  Oil price down cycle 'nearing end': Khalid al-Falih

Ø  'Telcos liable for bill payment issues on mobile apps'

Ø  Working to make India an arbitration hub: PM Modi

Ø  India cautions against using regional trade pacts to change WTO pacts



Ø  Govt, banks meet today on stressed assets

Ø  Tata, R-Infra asked to explore PPA options

Ø  WTO meet: India calls for level playing field in agri-trade

Ø  FIPB to take up 19 investment proposals this week

Ø  Coking coal price surge to pull down steel companies

Ø  GST can be paid online using debit, credit cards: Revenue Secretary

Ø  MERC directs Tata, Reliance to explore power purchase options

Business Line



Mint

Ø  Interconnect exchange back on TRAI’s radar

Ø  AT&T-Time Warner may signal start of new media industry consolidation

Ø  Patanjali entering textile manufacturing sector: Ramdev

Ø  PE investments decline 53% to $2.5 bn in Sept quarter: Report

Ø  Hind National Glass to go to BIFR as a ‘potential sick firm’

Ø  Schneider Electric eyeing acquisitions in India



Ø  Iraq will maintain oil output while Opec partners discuss cuts

Ø  Finance ministry expects report on debit card data breach in 10 days

Ø  Internet-connected gadgets blamed for Friday malware attack

Ø  Aviation watchdog DGCA to soon get powers to slap penalties

Ø  Finance ministry declines to share black money assessment reports

Financial Express



Financial Chronicle

Ø  Banks eye 'resolution' of Rs 1.5 lakh cr worth stressed assets

Ø  COAI dismayed over fine on telcos, takes hands off approach

Ø  HCL Tech bets on acquisitions to drive growth

Ø  SEBI refers complaint against Sahara Q Shop to Maharashtra

Ø  Anti-black money operations to be intensified

Ø  AT&T-Time Warner Could Disrupt $8 Trillion Debt Market: Gadfly



Ø  GST law to boost domestic demand, drive job creation: PM

Ø  Banks planning to move out of UK before EU exit

Ø  Govt to further ease visa regime to boost tourism, biz

Ø  Sebi plans greater push to secure marketplace from cyber risks

Ø  Govt decides to fast-track irrigation projects in Indus basin

Ø  Sebi relaxes restrictions on 41 entities

🏦 ✏ *Tower Talk*
_*(from Money Times Dated 24th Oct 2016)*_


⚓ US presidential candidate, Donald Trump, said that India and USA will be good friends in future and India can be a big beneficiary of funds coming in from USA. With India’s projected GDP at 8%, the country’s economy is bound to take a leap. In such a scenario, can stock prices lag behind?

⚓ *Reliance Industries’* Q2 PAT jumped 18% on healthy GRMs. Further, with the expected success of Jio, this stock will only go northward. A good long-term buy

⚓ Reports suggest that *Sobha* has bagged some prestigious project orders in the Middle East and some of its ongoing projects have also witnessed boom conditions. Although its recent results were muted, there may be an upsurge in its share price.

⚓ *Yes Bank* posted excellent results once again. With rising NIMs and bad debts in control, its profits are set to rise further. Investors will definitely make money in this stock whether they buy it for the short-term or the long-term.

⚓ *Wipro, India's* third largest IT company, plans to acquire clouds services company Appirio for Rs.3340 crore in an all cash deal. A big positive for the Company.

⚓ The management of *JK Tyre Industries* has clarified that the Company expects better sales this year. Buy for 40% returns within a year.

⚓ It is reported that Canadian FDA has recently concluded the inspection of *Dr. Reddy’s Laboratories’* Srikulam facility, which is a major source of revenue for the Company. Since the reports are positive, exports to Canada may soon resume. A big positive for the Company. Buy for one year.

⚓ *GNA Axles,* makers of rear axle shafts and spindles for light and heavy commercial vehicles, has witnessed rising exports.

⚓ The speciality chemicals sector is booming and with improving profitability, there is no reason why Nocil should be left behind. Buy for handsome gains.

⚓ *National Aluminium Company (Nalco)*, a ‘Navratna’ company, will soon buy back its shares. Further with huge coal blocks, rising aluminum prices, planned capex and low floating capital, this is a good investment bet for a two year horizon.

⚓ With *Fortis Healthcare’s* demerger of its hospital division, there will be value unlocking for investors. A smart wealth creation and investment opportunity.
errgroup

⚓ *TV18 Broadcast* is continuously adding new channels. An average investor fails to understand that there is hidden wealth in the Company as money is being diverted to promote new channels. A good long-term buy.

⚓ *Jasch Industries* reported fairly good results but failed to get investor backing. The Company is now getting demerged and investors will get shares of the automotive division free of cost. A good investment idea.
errgroup

⚓ *Sarla Performance Fibers* is on the verge of a takeoff. The profits of this Company are being ignored for want of clarity. This stock is a potential multibagger in the long run.

⚓ Biotechnology major *Biocon* posted a net profit of Rs.146 crore, which was distinctly above market expectations. The stock is still underpriced.
errgroup

⚓ FMCG major, *Britannia Industries,* has continuously reported strong results. Bombay Burmah Trading Corporation (BBTC) holds over 51% stake in this company and over 20% stake in Bombay Dyeing. The share of BBTC is still undervalued. Buy for hefty gains.

⚓ *HCL Technologies’* Q2 results beat market expectations. Further, the management’s guidance suggests better times going forward. Buy for a year or two.

⚓ Investors have evinced keen interest in the *Gitanjali Gems* counter. The Company is expected to witness a big turnaround with a likely EPS of Rs.22 in FY17 and Rs.28-30 in FY18. Buy for handsome returns.
errgroup

⚓ *Century Enka* is set to post an EPS of over Rs.35 in FY17. The stock is expected to touch Rs.350-400.

⚓ Some HNIs have taken a big call on *Datamatics Global Services,* which is likely to notch an EPS of Rs.12 in FY17. The stock is poised to touch Rs.120.

⚓ On the back of Rs.33 crore capex, *Lincoln Pharmaceuticals* is set to post an EPS