Morning News Headlines
Economic Times
● Railmin to scrap bids for 9500 wagons, water plants
● Unitech wants SC to stay NCLT order immediately
● Reliance Jio adds 7.34 million subscribers in Oct
● Warburg Pincus to invest $350 MN in Airtel DTH arm
● Adlabs in talks with PE to raise Rs 650 crore
Business Standard
● Industrial growth slows; retail inflation for November soars to 4.88%, highest in 15 months
● Mukesh Ambani's RIL mulls Reliance Jio IPO by 2019
● Aerospace industry eyes biz worth Rs 12,500 cr
● RBI raises FPI investment limit in bonds
● PNB raises Rs 5,000 crore via QIP to fund expansion plan
Mint
● Britannia eyes boost in rural contribution to overall revenue to 30-35% in three years
● IndiGo owners InterGlobe Aviation to sell 2.91% stake for $197 million
● Syndicate Bank seeks up to $186.4 million in share sale
● Apple India sales rise 17% to $1.8 billion in 2016-17
● Real Estate Developers welcome govt' takeover of Unitech
Money Control
● Banks set to send 23 of 28 large dud account to NCLT today
● Bank of Maharashtra gets nod to raise Rs 313 Cr via QIP
● Religare gets NCLT nod to merge 11 entities with itself
● Brent crude jumps above $65 for first time since 2015 after UK pipeline outrage
● Infra sector to attract USD 12-13 billion investment via NIIF: Economic Affairs Secretary
Sources : Economic Times, Business Standard, Mint & Money Control.
