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Cash / F&O
US consumer confidence index fell to 135.70 in November from 137.90 in October.
Indian Renewable Energy Development Agency (IREADA) may borrow up to Rs. 48000 cr as part of the government’s contribution to the subsidised solar pump scheme announced in the Budget.
Infosys opens innovation hub to connect better with US clients.
IDBI Bank says the government will not participate in LIC’s open offer to acquire 51.00% stake in the bank.
Ola is in talks with some of its existing as well as new investors to raise up to $500 mn.
Kesoram Industries decides to demerge its loss-making tyre business.
Government / Regulatory / Economic News:
The Union Cabinet cleared a new agriculture export policy, which aims to double agri exports by 2022 by boosting infrastructure & removing export restrictions on a variety of commodities.
The Cabinet Committee on Economic Affairs has given in-principal approval for the strategic sale of 52.63% stake in REC to PFC along with transfer of management control.
Fitch Ratings revised downwards India’s GDP growth forecast to 7.20% for the current fiscal citing higher financing cost and reduced credit availability.
Revenue Secretary Ajay Bhushan Pandey says the new simplified GST return forms will be rolled out from April 1, 2019.
A high-level panel recommends SEBI to allow direct listing of Indian companies on overseas bourses and of foreign firms on Indian exchanges.
MF / NCD News:
Yes Mutual Fund has received SEBI approval to launch two mutual fund schemes – Yes Liquid Fund and Yes Ultra Short Term Fund.
SEBI will tighten surveillance on Mutual Funds to assess trading patterns.
ECL Finance NCD issue opens on 13th Dec & close on 11th Jan with an option for early closure. NCD aggregating Rs. 250 cr with an option to retain oversubscription of up to Rs. 750 cr.
Uniparts India files draft papers with SEBI to float an IPO.
8-Dec-2018: Exit Poll
11-Dec-2018: Election results
12-Dec-2018: WPI Inflation
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