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US retail sales advanced by 0.8% in October following a revised 0.1% dip in September.
US New York Fed’s general business conditions index rose to 23.3 in November from 21.1 in October.
JM Financial Credit Solutions is to raise up to Rs. 1250 cr through retail bonds. NCD issue opens on 20-Nov-2018 & closes on 20-Dec-2018.
Adani Gas, GAIL Gas & Bharat Gas Resources will invest Rs. 34 bn in creating city gas distribution network in Odisha in the next 8 years in seven geographical areas covering 17 districts.
Reliance Industries is consedering plan to boost its oil-refining capacity by about half. The proposed plant will be able to process as much as 30 mn tonnes of crude a year.
National Highways Authority of India to raise Rs. 4000 cr via masala bonds.
Tata Investment Corporation’s board approves buyback of up to 45 lakh shares totalling Rs. 450 cr.
GAIL India may acquire all of wind energy assets held by IL & FS.
Government / Regulatory / Economic News:
RBI board discussed the Basel regulatory capital framework, a restructuring scheme for stressed MSMEs, bank health under Prompt Corrective Action (PCA) framework and the Economic Capital Framework.
IRDAI is planning to review norms of the own damage segment of motor insurance.
NSE launches app to fuel retail investment in G-Secs.
RBI’s board of directors is meeting today on key issues that have caused a rift between the central bank & the finance ministry.
SEBI is in discussions with the Ministry of Corporate Affairs to make it mandatory for the Registrar of Companies to approve or reject the prospectus filed by companies within a specific time period.
Government is looking to raise Rs. 5000 cr through share buybacks by January-end.
BSE decides to end its ties with S&P Dow Jones and plans to develop its own indices.
DSP Mutual Fund has launched NFO – DSP Healthcare Fund – open ended. NFO closes on 26th Nov, 2018.
Sundaram Mutual Fund has launched NFO – Sundaram Equity Savings Fund – open ended scheme that will invest in mix of equity, debt & arbitrage. NFO will closes on 30th Nov, 2018.
The total number of folios with 42 fund houses in the country rose by 11.45 lakh in October and hit an all-time high of 7.90 crore.
SIP inflow for Oct rose 42% from a year earlier to Rs. 7985 crore. The growth is attributable to retail investors who showed immense resilience even in the face of market volatility amid ongoing macroeconomic concerns. So far in the financial year, the mutual fund industry has amassed Rs. 52,472 crore in SIP compared with a collection of Rs. 34,887 crore for the same period last year.
The mutual fund industry has sought a meeting with SEBI at the earliest on expense structure.
Reliance Mutual Fund CPSE ETF – 4th tranche will be coming in lst week of November, will raise Rs. 8000 cr with green shoe option to retain Rs. 4000 – 6000 cr..
PNB MetLife India Insurance gets SEBI’s nod to float an IPO.
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