News round up 3 Oct

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[8:40 AM, 10/3/2017] +91 89054 25230: === ©orporate and General Updates on 3rd October, 2017===

Mint

=> Just 800 start-ups launched in 2017 so far, compared to 6000 in 2016

=> RCom readies for fire sale of its assets to pare debt, as Aircel merger fails

=> NDA govt appoints Mandal 2.0, to redistribute OBC quota benefits

=> Ola said to raise $2 billion from SoftBank, Tencent, others

=> AECOM India pegs Hyperloop to compete with flights

=> Journalists demand report from govt on killings of mediapersons

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Business Standard

=> GST composition scheme takes a quantum leap

=> RCom open to selling 100% of tower unit to Brookfield

=> Adani plans Rs 1,500 cr international airport in Mundra

=> Wired for BharatNet: Centre to plug the broadband gap in Uttar Pradesh

=> At least 58 dead, more than 500 hurt in Las Vegas shooting; gunman killed

=> Swachh Bharat: Kerala best-performing, BJP-ruled states fail the clean test |

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Economic Times

=> Diwali bonus for Flipkart employees: Board approves $100 million ESOP repurchase plan

=> Diesel prices soar to all-time high in Delhi

=> Las Vegas shooting updates: 59 dead, 527 injured

=> Gold sales halve during Navratri, Dussehra

=> Centre plans stimulus to stop slowdown discourse

=> Tencent finalises $400-million investment in Ola

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Financial Express

=> Flying to get more expensive; Your air tickets are set to cost 15 pct extra soon

=> Terror attack at BSF camp: 1 terrorist killed, 4 jawans injured near Srinagar airport

=> Sri Sri Ravishankar takes up the art of selling, follows in Baba Ramdev's footsteps

=> Good news: Jio Phone rival handsets to launch soon; Airtel lines up sub-Rs 2000 phone, Idea, Voda smartphones in the works

=> No mention of Taj Mahal in UP tourism booklet; Yogi Adityanath government says not intentional

=> US oil cheaper than Dubai oil for India? Believe it or not, but that is true

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Hindustan Times

=> Militants attack BSF camp near Srinagar airport, two jawans injured

=> Las Vegas attack: At least 58 killed, over 500 injured in deadliest US shooting

=> No connection to terrorism found in Las Vegas shooting, says FBI

=> Sri Lanka stun Pakistan by 21 runs in Abu Dhabi Test

=> Dinakaran booked for distribution of pamphlets with remarks against Modi, TN CM

=> Myanmar proposes to take back Rohingya refugees from Bangladesh

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Indian Express

=> Las Vegas shooting: ‘Lone wolf’ from quiet place in the desert

=> Suspected fidayeen attack BSF camp near Srinagar airport; operation underway

=> Congressional resolution introduced to celebrate birth anniversary of Mahatma Gandhi

=> CSR norms: From hospital to missionary group, 32 major entities in ‘violation’

=> Overcrowding in Mumbai locals: Railways sits on HC orders, former judge says reflects officials’ casual approach

=> Maoists spreading base to Madhya Pradesh area, finds MHA

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[9:03 AM, 10/3/2017] +91 98677 57972: India Daybook – Stocks to watch for:

Tata Motors: Wins India contract to supply 10,000 electric cars; to initially supply 500 autos to EESL in Nov (Positive)

Tata Motors to roll out Tigor electric version from Sanand plant (Positive)

Eicher Motor: Sep sales 70000 units vs 57000 units up 22 percent (Positive)

Bajaj Auto: September total sales +14% y/y to 428,752 units (Positive)

TCS Says damage in suit filed by EPIC now at $420M versus $940M (Positive)

Apollo Tyres: Says no intention of making attempt to buy South Korea’s Kumho Tire (Positive)

Bharti Airtel: Airtel, Telkom Kenya seek extension of 4G trial licenses (Positive)

Coal India: Said to consider entering mineral mining, PTI reports (Positive)

Dr. Reddy’s: To start selling sevelamer carbonate tablets in U.S. (Positive)

eClerx Services: eClerx LLC reports purchase of TwoFour Consulting (Positive)

IL&FS Transportation: To sell minor stakes in two units for total 1.64b rupees to Oriental Tollroads (Positive)

Jubilant Life: Gets Health Canada approval for Ruby Elution System (Positive)

Peninsula Land: To sell Mamurdi village property for 2.26b rupees (Positive)

PNC Infratech: Co. is lowest bidder for 21.6b rupees road order (Positive)

Power Grid (PWGR): In pact with ICICI Bank for INR32.7b term loan facility (Positive)

Reliance Infrastructure: Greenko makes $2.1b bid for RELI’s Mumbai power business (Positive)

Maruti Suzuki: September total sales +9.3% y/y to 163,071 units (Neutral)

Indian Oil: Increases jet-fuel prices by 5.1%-6% in Delhi (Negative)

Reliance Communications: Merger with Aircel collapses (Negative)

BofAML bullish on YES BANK's performance, says bank may attain a market cap of over $25 bn by FY20, raised target Rs 500/sh (Positive)

Jefferies retains buy call on ONGC over optimism of gas prices rising 10-15% in a year; Maintains BUY on stock with target at Rs 200/Sh (Positive)

Morgan Stanley bullish on Titan as market share likely to remain growing, raises target to Rs 720/Sh (Positive)

Coal India saw a sharp surge uptick last week, IDFC Securities initiates coverage on the co; Initiates BUY with tgt raised to Rs 310/Sh (Positive)

Nomura's view on Dr Reddy's as Maintains Buy recommendation, target price of 3281 Rupees (Positive)

Rel Comm-Aircel deal called off, CLSA recommends SELL call on the stock (Negative)

Business Standard
Ø  Government readies strategic stake sales in 5 cos
Ø  Fitch lowers India's growth forecast to 6.9%
Ø  Idea-Voda merger likely to be completed by March
Ø  New GST tax rates can be 4%, 16% and 24%
Ø  First-ever shipment of US crude oil to India arrives
Ø  Mutual Funds have multiple tax advantages over FDs
Ø  Individual insolvency norms a priority: IBBI Chairman

Ø  GST composition scheme takes a quantum leap
Ø  RCom open to selling 100% of tower unit to Brookfield
Ø  Adani's $3.5bn debt-funded 'investment' in Australia at risk: Report
Ø  Thyssen-Tata merger puts Port Talbot plant at risk amid dismal earnings
Ø  IPOs raise record Rs 27,000 cr in April-Sept this year
Ø  Oil falls below $56; Brent posts biggest third-quarter increase since 2004
Business Line

Mint
Ø  ‘Defence, aerospace PSUs rapidly turning into super integrators’
Ø  Tata Motors to roll out Tigor electric version from Sanand plant
Ø  TRAI's views on net neutrality likely by Oct-end
Ø  SEBI defers norms on loan default disclosure
Ø  GST, imports dampen paper manufacturing
Ø  Greenko bids for Reliance Infra Mumbai power biz

Ø  Credit growth picks up during the first two months of GST
Ø  Ola said to raise $2 billion from SoftBank, Tencent
Ø  Sebi may issue new version of loan default disclosure circular
Ø  Blackstone in talks to buy majority stake in Comstar
Ø  GIC seeks CCI nod for Rs9,000 crore deal with DLF
Ø  Oil regulator denies commerciality review of ONGC’s deepest gas find in KG Basin
Financial Express

Financial Chronicle
Ø  GDP to hit $6 tn by 2027 on digital leap: Morgan Stanley
Ø  Confidence among Japan’s manufacturers touches a decade high
Ø  Income inequality to rise further, jobs remain a chimera, says study
Ø  AIIB, ADB approves $100 million loan for India’s power sector

Ø  Aston Martin unveils submarine worth $4 million
Ø  Panel to examine DoT's bid to raise NFS budget by Rs 11k cr
Ø  HAL files IPO papers with Sebi
Ø  FPIs take Rs 11,000 cr off equities in Sept
Ø  Silver jewellery exports plunge 75% in August