Domestic News
- India’s trade deficit widened to $17.13 bn in October compared to $14.61 bn in the same month last year.
- India’s retail inflation sharply decelerated to a 13-month low at 3.31% in October against 3.77% a month ago.
- India’s industrial production slowed to 4.5% in September from a revised 4.67% in the previous month.
- India’s forex reserves rose by $1.05 bn to $393.13 bn in the week ended November 2.
- India and Morocco sign an agreement to help each other in criminal matters and provide legal assistance wherever required.
- Prime Minister Narendra Modi inaugurates India's first multi-modal inland waterways hub in Varanasi.
- Fitch Ratings keeps India's sovereign rating unchanged at 'BBB-'.
- Moody's Investors Service says Indian economy will expand 7.4% in 2018, but the growth will slow down to 7.3% in the next year as domestic demand tapers on higher borrowing cost due to rising interest rates.
- The Centre to sell its 73.44% stake in Dredging Corporation of India to a consortium of four ports.
- The Cabinet approves selling shares held by those who had left for Pakistan during Partition and bill the proceeds to disinvestment gains.
- Government is considering a plan to sell shares worth $2 bn in ONGC, IOC and OIL to meet this year’s divestment target.
- Government is planning to soon make hallmarking mandatory for gold jewellery sold in the country.
- Government announces an offer for sale of around 99 lakh shares of Coal India reserved for its employees.
- Government is planning to roll over payment of a major chunk of oil subsidy to the first quarter of the next year.
- Government mulls round 2 of 2,500 Mw medium-term power purchase agreement auction.
- Ministry of New and Renewable Energy prepares a draft of the Indian Wind Turbine Certification Scheme (IWTCS).
- Finance Minister Arun Jaitley says demonetisation resulted in the formalisation of the economy and increased tax base, prompting the government to earmark more resources for the poor and infrastructure development.
- Finance Ministry is planning to come out with a share sale offer of GIC and New India Assurance.
- Finance Ministry assures exporters that there will not be any delay in Goods & Services Tax (GST) refunds.
- Finance Ministry may extend the date for depositing Tax Collected at Source (TCS) for e-commerce firms.
- RBI cancels the certificate of registrations of 31 non-banking finance companies (NBFCs).
- According to AMFI data, assets under management of the mutual fund industry rose to Rs 22.23 lakh in October compared with Rs 22.04 lakh cr in September.
- SEBI issues norms for enhanced disclosures by credit rating agencies (CRAs).
- IRDAI is working on a mechanism to return over Rs 15000 cr of unclaimed amounts to policy holders or their beneficiaries.
- ING sells 1.27 cr shares in Kotak Mahindra Bank for a little over Rs 1440 cr through an open market transaction.
- PNB Housing Finance obtains refinance sanction of Rs 3500 cr from National Housing Bank.
- Oriental Bank of Commerce ties up with Fisdom to assist in personal wealth management services through a technology platform.
- JM Financial Credit Solutions to raise up to Rs 1250 cr through retail bonds.
- Allahabad Bank informs stock exchanges that it had received a communication from the finance ministry stating it was getting a capital infusion to the tune of Rs 3054 cr.
- Mahindra & Mahindra to invest Rs 1000 cr on development, production, research and development of electrical vehicles by 2020.
- Specialty chemicals company Lanxess plans to invest Rs 1250 cr over next five years to boost its capacity.
- Air India plans to raise Rs 700-800 cr by selling over 70 residential and commercial properties spread across the country.
- NHPC's board approves buyback of 214.2 mn equity shares at Rs 28 apiece, aggregating Rs 600 cr.
- HDFC may raise up to $1 bn through its maiden dollar bond sale.
- Piramal Enterprises plans to raise Rs 500 cr via non-convertible debentures (NCDs).
- Shilpa Medicare to acquire 5.2% stake of Prathijna Sustainable Solutions for about Rs 104 cr.
- Reverie Language Technologies to raise Series B funding of $12 mn.
- Niti Aayog to hold a meeting with all the stakeholders in digital payments industry over customer authentication issues.
- Reliance Industries to make a fresh investment of Rs 3000 cr in Odisha.
- Ratnamani Metals & Tubes bags a new domestic order worth Rs 165 cr for supply of CS pipes.
- The Rs 1249 cr buyback offer of NLC India to open for subscription on November 13 and close on November 28.
- Anicut Capital is looking to raise Rs 1000 cr for its second fund.
- Avenue Capital acquires 27% stake in Asset Reconstruction Company (India) Ltd for an undisclosed amount.
- Dunzo is in talks to raise $25 mn from investors.
- NITI Aayog launches a new index to rank states on the basis of marketing and farmer-friendly reforms.
- Welspun Enterprises bags a Rs 1460 cr road project from PWD in Maharashtra.
- NHPC’s board may consider a proposal to buy back shares at its meeting scheduled on November 14.
- RIL raises Rs 3000 cr through a privately-placed debenture issue.
- Bharti Airtel to pre-pay $1.5 bn debt with its subsidiary Bharti Airtel International (Netherlands).
- Ami Organics to launch its IPO in the first half of next month.
- Nysaa Retail is in talks to raise Rs 100-125 cr from a clutch of investors.
- Hindalco Industries to invest around Rs 6000 cr in downstream facilities in India over the next four years.
- Cipla to acquire US-based Avenue Therapeutics Inc for $215 mn.
- Energy Efficiency Services Ltd to raise Rs 300 cr from its existing promoters by March 2019.
- IHH Healthcare acquires 31.1% controlling stake in Fortis for Rs 4000 cr.
- Jet Airways is in talks for a stake sale in JetPrivilege Private Limited and fresh equity infusion into the company.
- Essel Group to divest up to 50% stake in Zee Entertainment.
- GAIL purchases steel pipes worth Rs 1100 cr for Barauni-Guwahati gas pipeline.
- Lulu Group plans to invest Rs 2400 cr in the Kerala's IT sector to develop a total of 50 lakh sq ft space by 2021.
- DCM Shriram chalks out a Rs 660 cr expansion plan.
- MRF’s board approves an interim dividend of Rs 3 per share.
Last Updated: 15th November 2018
Next Update On: 30th November 2018
Update Frequency: Once Every Fortnight
