🔹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