Morning News Headlines
Economic Times
● Bharti Airtel Q3 net profit slumps over 39% YoY
● Modi will need at least $125 bn to fund his renewable energy dream
● Budget could see 11% hike in health spending
● GST Council slashes rates on 29 items to zero per cent
● US, EU, Japan object to India raising Duty on electronics
Mint
● Torrent Pharma buys US firm Bio-Pharm
● Tech Mahindra to pick up 17.5% stake in Altiostar
● Petrol prices at Rs 71 in Delhi, highest in 3 years
● Banks have only themselves to blame: RBI dy guv
● Government to consider hike in sugar import duty
The Business Standard
● HDFC Bank's m-cap crosses Rs 5 lakh crore
● Adani Ports Q3 profit pushes up 17%, cargo a big driver
● Growth prospects in India are terrific: Lloyds
● Next couple of years good for equities: Quantum Sec
● UltraTech Cement posts 23% YoY fall in Q3 PAT
The Hindu Business Line
● Moody’s says Mukesh Ambani’s Reliance Jio may spend $23 billion to build service
● 3 promoters of Star Cement sell 3.34% stake worth Rs182 crore
● ISMA raises sugar production forecast by 4% at 26.1 million tonnes in 2017-18
● Newgen Software IPO subscribed 8.22 times
● Sembcorp Industries planning IPO for India unit to raise $500-600 million
Sources : Economic Times, Mint, Business Standard & The Hindu Business Line.