Morning News Headlines
Economic Times
● 2G verdict set these stocks on fire on D-Street.
● NSE enables e-mandate facility on MF platform.
● HDFC Cap raises $550m for affordable housing.
● RInfra inks Rs 13,251 crore Mumbai power deal.
● Airlines reported 1000 technical snags in 2017, half of them by Air India: Government
Business Standard
● RBI's key policy rates to remain unchanged in 2018: Nomura.
● Construction stocks gain; KNR, NCC, Sadbhav Engineering hit 52-week high.
● M&M down 3%, Vakrangee hit new high as stocks turn ex-bonus.
● Wockhardt, Sun TV, KNR Constructions among 36 stocks hit 52-week highs.
● Varun Beverages to acquire rights from PepsiCo India; stock surges 10%.
● Adani Transmission buys RInfra's Mumbai power biz; shares surge up to 10%.
● Reliance Top 200: A consistent outperformer, especially in bull markets.
Mint
● Maruti seeks more govt incentives to make electric cars affordable.
● Lodha Developers looking to raise up to $1 billion via IPO.
● HDFC to sell HDFC Developers, HDFC Realty to Quikr India for Rs350 crore.
● Canara Bank to sell 4% stake in Canfin Homes.
● Edelweiss unit plans billion-dollar infrastructure fund.
● Reliance Infrastructure sells Mumbai power business to Adani Transmission for Rs18,800 crore.
● Azim Premji Trust sold 2.73% stake in Wipro in share buyback offer.
Reuters
● Indian bonds hit near 1-1/2-yr low on RBI officials' inflation warning.
● Varun Beverages hits 9-yr high on PepsiCo franchisee deal.
● India's Reliance Nippon Life jumps; CLSA starts with 'buy'.
● Bitcoin falls almost 20 percent from recent peak to one-week low.
● OPEC starts working on oil supply cut exit strategy.
● Surge in U.S. shale hedging to boost drilling in 2018.
Sources : Economic Times, Business Standard, Mint & Reuters.
