1 Dec: News round up

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Morning Bites

Asia set to open higher after US stocks rally on tax reform hopes. Oil up as OPEC & Russia agreed to extend their oil output cut to the end of 2018.S&P 500 pulls off longest monthly winning streak since 2007.
Dow + 331 pt.
https://www.cnbc.com/2017/11/30/asia-markets-dollar-caixin-pmi-oil-prices-in-focus.html

Auto Sales: Nov Sales Set To Bounce Back To Normal Say 35 Dealers: Survey
https://www.bloombergquint.com/markets/2017/11/30/auto-sales-set-to-bounce-back-to-normal-in-november-bq-survey

Budget to focus on infrastructure, rural sectors: FM
http://www.business-standard.com/article/economy-policy/budget-to-focus-on-infrastructure-rural-sectors-says-arun-jaitley-117120100020_1.html

Steel demand to grow led by govt spending on infrastructure
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/steel-demand-to-grow-led-by-govt-spending-on-infrastructure/articleshow/61865936.cms


Business Standard

Ø  Economy scripts a turnaround, expands 6.3% in Q2

Ø  India Inc's foreign borrowings up over 2-fold

Ø  April-Oct fiscal deficit at 96% of full year's target

Ø  OPEC agrees extended oil supply cut for full 2018

Ø  Airtel, Vodafone keen to buy RCom's airwaves

Ø  Most lenders to oppose CDB’s insolvency plea: RCom

Ø  Given loan, not grant by Gujarat govt: Tata Motors



Ø  HDFC approves OFS for HDFC AMC through IPO

Ø  Fitch may revise banks' rating if recapitalisation done early

Ø  Govt likely to release free trade policy review on December 5

Ø  Trai proposes ways to ease doing of business in telecom sector

Ø  France's Altran buys out Aricent from KKR for $2 bn

Ø  America earned over $38 bn through defence sales in 2017, says Pentagon

Business Line



Mint

Ø  NSE group firm launches Nifty LargeMidcap 250 index

Ø  Cotton industry plans stir against GST on Dec 15

Ø  OPEC plans to cut crude output to avoid price crash

Ø  RCom claims all 31 lenders oppose China bank’s insolvency plea

Ø  Reliance General Insurance gets SEBI nod for IPO

Ø  Cotton industry plans stir against GST on Dec 15



Ø  PNB raises bulk deposit rate by 50 bps

Ø  CleanMax Solar raises $15 million from World Bank’s IFC

Ø  IBC ordinance: IRPs seek extension of deadline to resolve insolvency cases

Ø  Tech billionaires lose $7.6 billion as stocks tumble

Ø  IBC ordinance may disqualify global private equity funds

Ø  Piramal acquires Digeplex from Shreya Lifesciences

Financial Express



Financial Chronicle

Ø  Core sector growth drops to 4.7 per cent in October

Ø  12%, 18% GST rates to be merged; 28% on luxury, sin goods, says Arun Jaitley

Ø  Sebi fines Rose Valley Real Estate, directors Rs 26-crore

Ø  Climate offers a $3.1 trillion investment opportunity by 2030: IFC

Ø  Apple apologises for security flaw in Mac OS



Ø  Oct core sector growth fails to enthuse

Ø  Sensex dip 453 pts on fiscal deficit fears, F&O expiry

Ø  Softbank to pick up Flipkart shares in primary, secondary deals

Ø  Indian stock market overtakes Canada in $2t zone

Ø  Lower revenue realisation post-GST hits fiscal deficit