Morning News Headlines
Economic Times
● GIC buys 12L DLF shares from open market.
● LIC hikes stake in Indiabulls Housing Fin by 2%
● New India Assurance Q2 profit nearly triples.
● Sebi likely to cut listing time to 3 days from 6.
● Tyre stocks rally on falling global rubber prices.
Business Standard
● Eicher margins resilient despite higher costs.
● BSE appoints S Ravi as its new chairman.
● Cement firms disappointed over no shift in GST slab.
● Higher volumes to cushion NMDC, risks to pricing remain.
● Gold sells at a discount after 3 months, with introduction of import curbs
● MF investments in equities cross Rs 1 lakh cr in 2017
● Sun Pharma shares dip 4%, m-cap drops by Rs 5,065 cr as Q2 net declines 59%.
● Sebi allows multilateral entities to issue securities in IFSC.
Mint
● Suzlon O&M arm looking to raise eyeing $250 million from minority stake sale
● India’s electric vehicle drive: Challenges and opportunities.
● Air India privatisation: New owner may not get Rs21,000 crore of promised equity.
● Debt held by stressed firms hits record high in India.
● Now, no GST payments on advances received for supplying goods.
● Rolls-Royce ties up with TCS to drive growth in India operations.
● ONGC Videsh’s Q2 profit rises 15% to Rs280 crore on higher production
Reuters
● Indian shares end lower; metal, consumer stocks drag.
● India's tyre makers rise as rubber prices hit 2-week low.
● GAIL falls most in over 3 months; worries over sustaining transmission performance.
● India's oil refiners, airlines climb as oil prices slip.
● India's metal stocks fall; Hindalco top pct loser on NSE index.
● Bank of Baroda rises; brokerages raise targets after Q2 results.
Sources : Economic Times, Business Standard, Mint & Reuters.
