Morning News Headlines
Financial Express
● Rakesh Jhunjhunwala’s verdict on Moody’s India credit rating upgrade: 4 immediate benefits
● Sensex ends 236 points higher on Moody's rating upgrade; HDFC Life logs 19% on listing day
● HDFC Standard Life tops exchange turnover, three-fourth shares traded; stock gains 27% on listing
● Sebi to investigate possible leaks in WhatsApp groups of company earnings.
Business Standard
● India Inc faces commodity rally challenge to manage costs.
● NSE SME platform to touch 100-mark tomorrow, to see 50 IPOs in 6 months.
● FPIs pump in $2.2 bn into equities in November so far.
● Bitcoin investments new attraction for Indians, say experts.
● Gold jumps Rs 325 on wedding demand, global cues; silver recovers Rs 600.
● Oil prices, opposition to TransCanada surge in US after Keystone oil spill.
● After good Q2, second half may be better for GAIL.
● HDFC Life rides on parentage, Moody's upgrade, shares soar 19% on debut.
● Moody's upgrade: 'India's growth potential higher than other Baa economies'
Mint
● Govt may exempt crowdfunding from Companies Act.
● Eris to buy Strides Shasun’s India branded business for Rs500 crore.
● Hike posts 67% slump in FY17 sales.
● TPG Capital-backed Asia Healthcare eyes $100 mn from stake sale.
● Cox & Kings Q2 net profit surges over two-fold to Rs202 crore
● GST rollout impacts September quarter earnings of BSE companies
Economic Times
● Indian bond market euphoria seen short-lived as mood bearish prevails.
● Bank recap not enough to drive capex; expect more NPAs in realty & telecom.
● Moody’s upgrade has changed the market mood, but it’ll be shortlived
● Land and labour reforms overstated as challenges for Indian economy: Arun Jaitley
● Government fixes Sovereign Gold Bond rate at Rs 2,961/gram
Sources : Financial Express, Business Standard, Mint & Economic Times.
