9 Nov: News Round up

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Business Standard

Ø  Tower cos, operators, PE cos eye Reliance Infratel

Ø  38 multibaggers defied cash ban to rally up to 1,150%

Ø  GST advisory group for expanding composition scheme

Ø  Tata Sons hikes stake in IHCL by 1.78% to 29.79%

Ø  Arvind shareholders will own 3 cos: Kulin Lalbhai

Ø  Commercial coal block auction likely in FY18: Coal Secretary

Ø  Irda makes Aadhaar mandatory for insurance policies

Ø  Only 62 items likely to stay in 28% GST slab

Ø  Saudi crackdown targets up to $800 billion in assets

Ø  RBI's liquidity clean-up to push up bond yields

Ø  HDFC Standard Life IPO oversubscribed 1.15 times

Ø  Ashok Leyland Q2 net profit up 14% at Rs 334 cr, exports up 39%

Ø  TeamLease acquires 40% stake in Schoolguru for Rs 13 cr

Ø  Reliance Infra bids lowest for Kundankulam N-plant's Rs 1k-cr EPC contract


Mint

Ø  India, EU to meet on Nov 14-15 to push FTA talks

Ø  United Breweries Q2 net jumps 3-fold to Rs. 94 cr on higher income, volume

Ø  ICEX completes first diamond futures contract of Rs 173 cr

Ø  Without PPAs, generators ‘must plug into open-market play’

Ø  Banking sector needs new paradigms in digital world: BCG study

Ø  Videocon WallCam launches ‘Eco Series’ range of CCTV solution

Ø  IBBI tightens rules on rescue plan approvals

Ø  Qatar Foundation sells 5% stake in Bharti Airtel for Rs9,600 crore

Ø  Henkel calls off talks to buy 26% stake in Jyothy Labs

Ø  Rupee closes marginally higher against US dollar

Ø  Ford to invest $756 million in China with Zotye for electric cars

Ø  Qatar Foundation sells 5% stake in Bharti Airtel for Rs9,600 crore


Financial Chronicle

Ø  BHEL bags Rs 350 crore order from Power Grid in West Bengal

Ø  NASA contracts Uber to build flying taxi air control software

Ø  China’s Tencent buys 12 percent stake in Snapchat owner Snap Inc

Ø  TeamLease acquires 40 percent stake in Schoolguru for Rs 13 cr

Ø  International banking must for better growth prospects: World Bank

Ø  Bharat Forge net rises 61%; to issue 1:1 bonus shares

Ø  JPMorgan calls India bonds ‘attractive’

Ø  Oil majors discount threat from renewables

Ø  Five railway subsidiary IPOs on anvil; govt eyes Rs 8K cr

Ø  Import duty on wheat doubled to 20%

Ø  MFs biggest beneficiary of DeMo