Morning News Headlines
Economic Times
● HDFC Life's IPO opens today
● I-T dept identifies over 20,000 returns for detailed probe, 1 lakh cases of tax evasion
● Farmers can be paid Rs 2 lakh in cash: CBDT
● Demonetisation led to multiple benefits: FinMin
● PNB to raise Rs 5,000 cr; appoints merchant bankers
Business Standard
● Hasmukh Adhia designated as new Finance Secretary
● IndiGo to have 1,000 flights a day in December
● Idea rolls out unlimited voice calls plan for Rs 179
● Rs 792 crore undisclosed money detected by I-T dept
● RCom to sell DTH biz to Veecon Media and Television
Mint
● Over 1k FPIs registered with Sebi in 6 mths of FY'18
● Gold prices move down Rs 115 after safe haven appeal hit
● Varun Beverages posts Rs 34 cr profit in Q2
● Paradise Papers: Sebi lens on firms for fund diversion
● AMCs could be flavour of the market: Axis Sec
Reuters
● Madan Sabnavis on 2 drivers for 8- 10% growth
● Time to reallocate in favour of PSU banks: SBI Cap
● Reliance Nippon Life ends at 12% premium against issue price
● Oil hits $63 a bbl, highest since 2015 on output tightening by Saudi Arabia
● PE firm Everstone Group to acquire Kenstar from debt-ridden Videocon
Sources : Business Standard, Economic Times, Mint & Reuters.
