Morning News Headlines
Economic Times
● Yes Bank-EIB invest $400 million in wind and solar projects
● Post-Gujarat, Modi will opt for incrementalism and populism
● All railway stations to be 100 pc LED lit by April 2018: Railways
● Car loans up 30%, average ticket sizes also growing
● Goldman, Citi, BofA bet on rural stocks after Modi's slim poll win.
● Rupee rises 20 paise to hit 3-month high on BJP's poll win
Business Standard
● Auto stocks ride higher; M&M, Maruti Suzuki, TVS Motor hit new high
● Steel Strips Wheels rises on winning new order.
● Milkfood zooms 50% in three days post September quarter results.
● Sugar shares gain; Thiru Arooran, Kesar Enterprises, Uttam Sugar up 8%.
● Govt must sell stake in PSUs to private firms to cut import bill: Vedanta
● Gold softens by Rs 25 on muted demand; silver remains steady
● Maruti Suzuki enters top-5 club of most valuable companies
Mint
● Reliance Jio, Tata Tele among 5 telecom firms that under-reported revenue: CAG.
● HDFC to raise up to Rs13,000 crore via QIP, to invest Rs8,500 crore in HDFC Bank.
● Govt recovered less than 9% service tax arrears in FY17: CAG
● Govt favours GST on petrol, diesel but states’ consensus needed: Arun Jaitley
● Tata Steel seeks to raise Rs12,800 crore to fund expansion.
● Dr Reddy’s arm settles case with US govt for $5 million.
● Bharti Airtel’s Rwandan unit to buy Millicom subsidiary Tigo
Reuters
● Indian shares hit record closing high, powered by auto cos
● Indian PSU banks rebound as PM Modi's party set to win key state polls.
● Indian fertiliser stocks rise after govt seeks additional spending.
● Sterling hits two-week low as traders focus on Brexit talks.
● Dollar regains footing on data, ahead of U.S. tax bill vote
● Bitcoin warnings grow more strident as Singapore urges 'extreme caution'
Sources : Economic Times, Business Standard, Mint & Reuters.
