Morning News Headlines
Economic Times
● Airtel plans to raise $400 mn from Bharti Infratel stake sale via block deals.
● Bitcoin rebounds over $1,000 after losing almost a third of value
● Kotak Life has no plan to go public now.
● Bharat 22 ETF opens on Tuesday; govt likely to garner Rs 8,000 crore
● Adani Ports SEZ Q2 profit slips 7% YoY on higher tax incidence
● Khadim India to debut on bourses today.
Business Standard
● India to pip Japan and become world's third-largest economy by 2028: BofAML
● New India Assurance makes weak debut; lists below issue price.
● Axis Bank hits fresh 52-week high on board nod for preferential issue plan.
● Idea Cellular dips 6% post Q2 numbers, tower sale to ATC Telecom.
● Select hotel & restaurant shares gain on GST rate change.
● Just Dial extends rally after HDFC Mutual Fund buys stake.
● Reliance Communications shares slump 14% on Rs 2,709 cr Q2 loss.
● Hatsun Agro Product surges 20% on DSP Blackrock Mutual Fund stake buy
Mint
● Jaitley signals further GST rate cuts, hits out against politicizing tax reform.
● Retail inflation in October jumps to 3.58%, RBI rate cut in December now unlikely.
● Bharti Airtel unit selling $400 million Bharti Infratel stake: term sheet.
● SpiceJet Q2 profit jumps 79% on higher bookings.
● Vodafone, Idea to sell telecom tower assets to ATC for $1.2 billion
Reuters
● Trump urges lawmakers to end health mandate, cut top tax rate.
● Bitcoin claws back over $1,000 after losing almost a third of value.
● OPEC points to larger 2018 oil supply deficit as market tightens.
● Coal India hits over 5-wk low on weak Q2 results.
● India's Larsen & Toubro falls on muted order growth guidance.
● India's BPCL falls as Sept-qtr profit misses street views
Sources : Economic Times, Business Standard, Mint & Reuters.
