Domestic News
- Government revises the GDP growth rates for FY 2005-12 using new back series data; as per the data released by the Central Statistics Office (CSO), the economy in 2010-11 grew by 8.5% and not 10.3% estimated earlier.
- Government to move Rs 29000 cr of Air India’s debt to a Special Purpose Vehicle (SPV).
- Government plans to sell 3.25% stake in NTPC in December.
- Government to infuse Rs 42000 cr in public sector banks by March 2019 and the next tranche would be released as early as next month.
- Government to revise rate regime for old terminals at major ports.
- Government allows public sector oil marketing companies to open about 56000 new fuel pumps across the country.
- Government forms a panel to ensure the privatization of six airports.
- India’s forex reserves rose by $568.9 mn to $393.58 bn in the week to November 16.
- India RF to invest $156 mn in Archean Group's marine chemicals business.
- Finance Minister Arun Jaitley says the government does not need any extra funds from the RBI or any other institution to meet the fiscal deficit target.
- Department of Industrial Policy and Promotion (DIPP) to soon kick start formal inter-ministerial discussions on ecommerce policy afresh.
- Ministry of Road Transport and Highways allows Quadricycle for personal use.
- Power Minister R K Singh says every household to be electrified by Dec 31 under Saubhagya scheme.
- Supreme Court allows SEBI to go ahead with some proposed amendments to self-regulatory organization regulations.
- Income-Tax Appellate Tribunal (ITAT) says NRIs do not need to reveal details of their foreign bank accounts and assets to Indian authorities.
- CBDT issues a fresh directive on 'limited scrutiny' assessment cases allowing the tax officials to widen the scope of such probes if they receive "credible" information of tax evasion by assesses.
- Organization for Economic Co-operation and Development says Indian economic growth will slow marginally to 7.5% in 2019 and 2020.
- According to RBI data, India Inc’s foreign borrowings fell nearly 66% to $1.41 bn in October 2018.
- RBI reduces hedging provision for external commercial borrowings to 70% from the current 100%.
- RBI relaxes rules for non-banking financial companies (NBFCs) to sell or securitise their loan books, in a bid to ease the stress in the sector.
- SEBI issues a framework that will require large corporates to raise 25% borrowings through corporate bonds from next fiscal.
- SEBI cautions public against unregistered investment advisors, asking the public to deal with only registered investment advisers and pay advisory fees through banking channels only.
- SEBI issues detailed guidelines for setting up of alternative investment funds in international financial services centres, pertaining to registration, compliance requirements and restrictions.
- BSE creates a new division for listing of startups.
- BSE says subscriptions for the fourth tranche of CPSE ETFs will start from next week on its Internet-based book building system platform.
- NSE to launch weekly dollar-rupee derivatives contracts on December 3.
- SBI approves the sale of 4% stake in SBI General Insurance to two alternative investment funds for Rs 482 cr.
- HDFC to raise Rs 8500 cr via bonds.
- IFCI gets Rs 492 cr for Binani Cement resolution under IBC.
- TRAI Chairman R S Sharma says telecom regulator will initiate consultation on spectrum issues in 2019.
- Capacite Infraprojects bags a contract worth Rs 335 cr from BSNL.
- Unilever PLC emerges as the leading bidder in a contest for GlaxoSmithKline PLC’s Indian Horlicks nutrition business.
- TCS acquires US-based BridgePoint Group.
- Wipro Lighting bets on global partnerships for smart lighting solutions.
- Sical Logistics wins a Rs 363 cr contract from Mahanadi Coalfields Ltd.
- Bhushan Steel has been renamed as Tata Steel BSL Ltd.
- Mapletree Investment buys SP Infocity in Chennai for around Rs 2400 cr.
- EV Motors India plans to raise $200 mn in the next five years to build a network of over 6500 electric vehicles charging outlets.
- Piramal Enterprises to raise up to Rs 500 cr through non-convertible debentures (NCDs).
- Inventia Healthcare, Metropolis Healthcare and Xelpmoc Design get Sebi’s nod to float their IPOs.
- Airtel Africa appoints eight global banks to work on its IPO plan.
- Great Eastern Energy Corporation announces an investment of $2 bn in its shale exploration and development business.
- Vivo plans to invest over Rs 4000 cr on its second ‘Make in India’ phase.
- The Centre announces 5% subsidy on non-basmati rice exports.
- Adani Gas Ltd is planning to invest around Rs 8000 cr in Udupi city gas distribution (CGD) project.
- Central Bank of India plans to buy loans to individuals up to Rs 3000 cr in the remaining part of the current fiscal.
- Oil India to buy back 5.04 cr of its shares for about Rs 1085 cr.
- lnfoline Finance plans to raise up to Rs 5000 cr through non-convertible debentures.
- e-Shang Redwood ties up with Allianz Real Estate to invest $1 bn in India.
- A consortium including Thailand’s Minor International Pcl may invest about $350 mn in Hotel LeelaVenture Ltd.
- Cochin Shipyard’s Rs 200 cr share buyback offer to open on November 28.
- Mahindra First Choice Services proposes to raise about Rs 125 cr to fuel its growth plans.
Last Updated: 31st November 2018
Next Update On: 15th December 2018
Update Frequency: Once Every Fortnight
