IL&FS effect: RBI to relook at financial conglomerates' oversight

The crisis had an impact on the wider financial markets as risks from possible asset liability mismatches at other NBFCs got recognised.

from Banking/Finance-Industry-Economic Times http://bit.ly/2F0xawu
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PCA framework helped reduce contagion losses: RBI report

RBI has placed 11 state-run banks, including Bank of India, Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank and UCO Bank, under the PCA framework.

from Banking/Finance-Industry-Economic Times http://bit.ly/2EX5GYB
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Subsidised LPG price cut by ₹ 5.91; non-subsidised rate by ₹ 120.50

The cost of subsidised LPG cylinder will be ₹ 494.99 and non-subsidised LPG ₹ 689.

from The Hindu - Economy http://bit.ly/2EXb3pL
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Banking sector on “course to recovery” as NPAs recede, says RBI

The weaker ones among the public sector banks need to be supported through recapitalisation, the Governor said.

from The Hindu - Economy http://bit.ly/2EWUSZD
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Bank GNPAs improved to 10.8 pc; net NPAs to 5.3 pc in September: RBI

The top 100 large borrowers accounted for 16 per cent of the gross advances and 21.2 per cent of GNPAs of banks, according to the RBI report.

from Banking/Finance-Industry-Economic Times http://bit.ly/2EYPw0G
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Banking sector on course to recovery as NPAs recede: RBI

RBI said stress tests done by the central bank have pointed to an improvement in the ratio in future.

from Banking/Finance-Industry-Economic Times http://bit.ly/2GOikLg
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Allahabad Bank, SBI Life join hand for bancassurance partnership

The tie-up will see 3,238 branches of Allahabad Bank across the country offer SBI Life's range of protection, wealth creation and savings products to its customers.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Rl8t3H
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Credit link subsidy scheme on home loans for MIG extended till March 2020

Addressing a press conference, Puri said he has signed the file pertaining to the extension of the CLSS under which the government provides a subsidy of up to Rs 2.67 lakh on home loans.

from Banking/Finance-Industry-Economic Times http://bit.ly/2VkQfOT
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Banking

The top 100 large borrowers accounted for 16 per cent of the gross advances and 21.2 per cent of GNPAs of banks, according to the RBI report.

from Banking/Finance-Industry-Economic Times http://bit.ly/2EYPw0G

Banking

RBI said stress tests done by the central bank have pointed to an improvement in the ratio in future.

from Banking/Finance-Industry-Economic Times http://bit.ly/2GOikLg

Banking

The tie-up will see 3,238 branches of Allahabad Bank across the country offer SBI Life's range of protection, wealth creation and savings products to its customers.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Rl8t3H

Banking

Addressing a press conference, Puri said he has signed the file pertaining to the extension of the CLSS under which the government provides a subsidy of up to Rs 2.67 lakh on home loans.

from Banking/Finance-Industry-Economic Times http://bit.ly/2VkQfOT

Investors become poorer by Rs 7.25L cr in 2018

"In stark contrast to the bullish opening today, the last trading session of the calendar year, market closed on a flattish note. Mixed cues from global markets, lack of any fresh trigger, ensured that the session remained uneventful," said Joseph Thomas, head research, Emkay Wealth Management.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2QbdUgQ

Government not seeking RBI reserves to meet fiscal deficit: Arun Jaitley

Jaitley said the Modi government has brought down fiscal deficit and kept inflation and the Current Account Deficit (CAD) under check, while India retained the fastest growing economy tag for 5 years.

from Economy-News-Economic Times http://bit.ly/2GMbp5h
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Core sectors' output growth hits 16 month low at 3.5% in November

During April-November, the output growth was 5.1 percent from the year-earlier period, according to the data.

from Economy-News-Economic Times http://bit.ly/2AqODdv
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RBI to conduct 3-day and 7-day Variable rate Reverse Repo auctions under LAF on January 1, 2019

The Reserve Bank of India will conduct the following Variable rate Reverse Repo auctions on January 1, 2019, Tuesday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014. Sl. No. Notified Amount (₹ billion) Tenor (day) Window Timing Date of Reversal 1. 300 7 12.00 pm to 12.30 pm January 8, 2019 (Tuesday) 2. 600 3 3.30 pm to 4.00 pm January 4, 2019 (Friday) Successful offers will get accepted at their respective offered rates. Offers at or above the repo rate will be rejected. Ajit Prasad Assistant Adviser Press Release : 2018-2019/1508

from PRESS RELEASES FROM RBI http://bit.ly/2SyVw3G
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'Govt not seeking RBI reserves to meet fiscal deficit'

Replying to a debate on the second batch of supplementary demands for grants in the Lok Sabha, the minister said that the Modi government has the best track record of keeping fiscal deficit under check.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2R0w0Ym

Chinese factory gauge at lowest level since 2016 as pain continues for economy

The data showed bleak future demand as investors now pin their hopes on trade talks with the US and resolution of the impending issues.

from India Infoline News Service http://bit.ly/2AmZbuj

Banking sector on 'course to recovery' as NPAs recede: RBI

The weaker ones among the public sector banks need to be supported through recapitalisation, the Governor said in his foreword to RBI's half-yearly financial stability report (FSR).

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2R2AwWe

Core sectors' growth hits 16-month low in Nov

The growth rate of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- was 6.9 per cent in November last year.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2BRynlz

Government of India announces the sale of five dated securities for ₹ 12,000 crore

from PRESS RELEASES FROM RBI http://bit.ly/2EZTg15
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India’s International Investment Position (IIP), September 2018

from PRESS RELEASES FROM RBI http://bit.ly/2LGnLL3
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India’s External Debt as at the end of September 2018

from PRESS RELEASES FROM RBI http://bit.ly/2QYs7mx
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Global stocks end 2018 with a rise; oil up on trade talk progress

Global markets ended the volatile year with a rise. Trade talk progress between the US and China lifted crude prices today.

from India Infoline News Service http://bit.ly/2Spcu4h

Lupin gets USFDA approval for Clobazam Oral Suspension

Clobazam Oral Suspension, 2.5 mg/mL had annual sales of ~$260.2mn in the US, as per IQVIA MAT September 2018.

from India Infoline News Service http://bit.ly/2EZ7BLu

Syndicate Bank to get Rs1,632cr capital from Govt

The amount of Rs1,632cr has been received by the Bank on December 31, 2018, in the account maintained with the Reserve Bank of India (RBI), as per the former's filing.

from India Infoline News Service http://bit.ly/2CGDTt9

RBI releases December 2018 Financial Stability Report

The Reserve Bank of India today released the eighteenth issue of the Financial Stability Report (FSR). The FSR reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability, as also the resilience of the financial system. The Report also discusses issues relating to development and regulation of the financial sector. Overall assessment of systemic risks India’s financial system remains stable, and the banking sector shows signs of improvement, even though the global economic environment and the emerging trends in financial sector pose challenges. Global and domestic macro-financial risks The global growth outlook for 2018 and 2019 remains steady although the underlying downside risks have risen. Spill-over risk to emerging economies engendered by tightening of financial conditions in Advanced Economies, protectionist trade policies and global geopolitical tension has significantly increased. The gradual monetary policy normalisation in advanced economies (AEs) as also the uncertainty in global trade regime may adversely affect capital flows to emerging markets (EMs) and exert upward pressure on EM interest rates and corporate spreads. On the domestic front, growth of gross domestic product (GDP) showed slight moderation in Q2:2018-19 while inflation remains contained. In domestic financial markets, structural shifts in credit intermediation and the evolving interconnectivity between banks and the non-banks call for greater vigilance. Financial Institutions: Performance and risks Credit growth of scheduled commercial banks (SCBs) has improved between March 2018 and September 2018, driven largely by private sector banks (PVBs). The asset quality of banks showed an improvement with the gross non-performing assets (GNPA) ratio of SCBs declining from 11.5 per cent in March 2018 to 10.8 per cent in September 2018. Under the baseline scenario, GNPA ratio may decline from 10.8 per cent in September 2018 to 10.3 per cent in March 2019. Analysis of the financial network structure for the period September 2017 - September 2018 reveals a shrinking inter-bank market and increasing bank linkages with asset management companies-mutual funds (AMC-MFs) for raising funds and with NBFCs/Housing Finance Companies (HFCs) for lending. Ajit Prasad Assistant Adviser Press Release : 2018-2019/1504

from PRESS RELEASES FROM RBI http://bit.ly/2EYf8KA
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Deep chill brings delight in Bengal tea belt

“We are hopeful of positive post winter first flush if overall normal weather condition prevails for entire January,” said veteran planter K. K. Mintri.

from Economy-News-Economic Times http://bit.ly/2RrjEb4
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Interest subsidy for MIG homebuyers extended till 2020

This was announced by Union housing and urban affairs minister, Hardeep Singh Puri. "The growth and performance of credit linked subsidy scheme for middle income group has been very good and we are on course to having about one lakh beneficiaries by the end of this year," Puri said.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2GKSHuz

IL&FS puts commercial, residential properties up for sale

Properties on sale include a 1,376 square feet residential property located at upscale Malabar Hill besides three commercial properties in Mumbai and one commercial space in Kolkata.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2RkmYon

Sectoral Deployment of Bank Credit – November 2018

Data on sectoral deployment of bank credit collected from select 41 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of November 2018 are set out in Statements I and II. Highlights of the sectoral deployment of bank credit are given below: On a year-on-year (y-o-y) basis, non-food bank credit increased by 13.8 per cent in November 2018 as compared with an increase of 8.8 per cent in November 2017. Credit to agriculture and allied activities increased by 7.7 per cent in November 2018 as compared with an increase of 8.4 per cent in November 2017. Credit to industry rose by 4.0 per cent in November 2018 as compared with an increase of 1.0 per cent in November 2017. Credit growth to ‘infrastructure’, ‘chemical and chemical products’, ‘all engineering’ and ‘vehicles, vehicle parts & transport equipment’ accelerated. However, credit growth to ‘basic metal & metal product’, ‘textiles’, ‘food processing’ and ‘gems & jewellery’ decelerated/contracted. Credit to the services sector expanded by 28.1 per cent in November 2018 as compared with 14.0 per cent in November 2017. Personal loans increased by 17.2 per cent in November 2018 as compared with 17.3 per cent in November 2017. Ajit Prasad Assistant Adviser Press Release : 2018-2019/1502

from PRESS RELEASES FROM RBI http://bit.ly/2SyQ6Wo
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PPF part withdrawal: Things to know

One is allowed withdrawal of up to 50% of balance in the account after completion of five years from the end of the year in which the initial subscription was made.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2LIoMlz

Liquidity Adjustment Facility: Fixed Rate Repo Operations

from PRESS RELEASES FROM RBI http://bit.ly/2s25kri
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Sensex, Nifty end 2018 on a flat note

On BSE, Tata Steel, Vedanta, Sun Pharma, Tata Motors, IndusInd Bank and Kotak Mahindra Bank were among the top gainers with their stocks surging as much as 1.59 per cent. On the NSE platform, apart from Nifty FMCG and Realty, all other sub-indices closed in green with Nifty Metal leading the pack, up 1.36 per cent.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2CJ1vgN

Nifty witnesses lackluster session; broader markets outperform

Metal stocks shine in today's session.

from India Infoline News Service http://bit.ly/2VjKZLu

RBI's deadline for Kotak promoter stake dilution today

The HC had earlier refused to stay the central bank's decision for diluting promoter stake and said it would hear the case next on January 17, 2019.

from India Infoline News Service http://bit.ly/2QdxaKF

Marico slips on report Govt hikes MSP for Copra

The cabinet increased the MSP for copra, which accounts for 40-50% of Marico's material costs, by Rs2,000 per quintal for 2019. The MSP of Copra has been increased from Rs7,511 per quintal to Rs9,521, media reports said.

from India Infoline News Service http://bit.ly/2EVAtVP

Midcap stocks gain; Concor, DHFL stocks lead

KIOCL was the top gainer in the index, followed by Endurance, DHFL, AU Bank, and Alkem Labs, which were also trading higher on the BSE.

from India Infoline News Service http://bit.ly/2EXiQE7

Healthcare sector may see further consolidation in 2019

Industry players also expect more partnerships in the new year between public and private sector in the healthcare space, which they feel is 'under-invested'.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Sp17t7

Farm woes to take centrestage as poll battle looms

The proposals being considered range from waiving off interest for farmers who repay crop loans on time to lowering the insurance premium and providing income support

from Economy-News-Economic Times http://bit.ly/2EXHLIr
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Govt confident of strategic sales in 3 PSUs this fiscal

The govt is confident of wrapping up at least 3 strategic disinvestments in the current fiscal year. The govt hopes that the strategic sale in helicopter services firm Pawan Hans will sail through smoothly as it has received “substantial interest”. The govt holds 51% in Pawan Hans, which has a fleet of 46 helicopters and the rest is held by ONGC.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2EZQl90

Bank of India may escape PCA net with Rs 10,086 crore govt boost

The Rs 10,086-crore capital infusion plan for BoI makes it the second bank in the latest phase of the government’s equity enhancement exercise for PSBs, under which seven of the total 21 will be covered. United Bank of India (UBI) was the first bank to announce a similar fund infusion plan by the government.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2EXusb2

‘E-tail policy sends wrong signal’

In a sudden move, the government modified existing foreign investment rules in the e-commerce sector by barring players such as Amazon and Flipkart from selling products from companies in which they have a stake. The tightened guidelines, which are expected to have a major impact on top e-commerce firms in the country, also barred them from selling exclusive products on their platforms.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2EYRai7

Live share market update: Markets consolidate after having opened gap up

Broader markets outperform.

from India Infoline News Service http://bit.ly/2An2i58

BHEL wins Rs3,500cr order for 660MW thermal power plant

The order is for setting up a 1x660MW Sagardighi Thermal Power Project Extension Unit-5 at Manigram village in Murshidabad district of West Bengal.

from India Infoline News Service http://bit.ly/2CGO7cZ

Nifty Metal index gains 2% on easing US-China trade war concerns

Shares of Jindal Stainless (Hisar), which climbed 4%, led the indexs gain.

from India Infoline News Service http://bit.ly/2Sunttp

RCom, Jio extend validity of asset sale pact

Reliance Communications has been urging the telecom department to grant it the "long-awaited no-objection certificate" to comply with a Supreme Court order in "letter and spirit". The move comes at a time when Reliance Communication's spectrum sale deal has been hanging fire, pending requisite clearance from the telecom department.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2EVfEJg

Asian Granito drops 5% over arrest of founder

The company's Promoter and Managing Director Mukeshbhai Patel was arrested by Directorate of Revenue Intelligence on Dec 28 for a case related to an amount of Rs3.5cr.

from India Infoline News Service http://bit.ly/2TlpmbU

Modi is said to plan cash handout for India farmers before vote

The government is weighing options including a monthly income support program for farmers.

from Economy-News-Economic Times http://bit.ly/2s2aCCR
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Bank of India gains 1% on receiving Rs10,086cr from government

Shares of Bank of India gained 1% in intraday trade on Monday after the government announced injecting money into the bank to the tune of Rs10,086cr.

from India Infoline News Service http://bit.ly/2StfpsF

BSE Telecom index declines led by Infratel

The BSE Telecom index was trading lower by 0.49% at 991 levels during the afternoon session.

from India Infoline News Service http://bit.ly/2EXZi2v

Why 2018 was the best year to spot a unicorn

Edtech startup Byju’s was first off the blocks this year: It turned unicorn in March after raising funds from Tencent, and ended the year with a $540-million round at a valuation of at least $3.6 billion.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2RqO50S

Result of the 7-day Variable Rate Reverse Repo Auction held on December 31, 2018

from PRESS RELEASES FROM RBI http://bit.ly/2EXWX7J
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Steel Strips Wheels gets order from Volkswagen

The company secured an order worth Rs46cr from Volkswagen Mexico for supply of 3.5 lakh steel wheels which will be supplied from its Chennai plant

from India Infoline News Service http://bit.ly/2rX5b8q

Startup India fund allocates just 19% to VCs in 3 years

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2ThMaZN

Money Market Operations as on December 29, 2018

from PRESS RELEASES FROM RBI http://bit.ly/2Vjz3cx
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Govt confident of strategic sales in 3 PSUs this fiscal

The Narendra Modi government had vowed to pursue an aggressive policy of strategic disinvestment but has so far shied away from taking any big steps on this front.

from Economy-News-Economic Times http://bit.ly/2SsbCvF
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Petrol price slumps to year's lowest

In Mumbai, petrol prices slipped by 22 paise to Rs74.67/liter, while diesel prices dropped by 24 paise to Rs66.01/liter on Sunday.

from India Infoline News Service http://bit.ly/2R1Kgjg

Petrol, diesel prices dip further on New Year's eve

Petrol price in Delhi was cut to Rs 68.84 from Rs 69.04 per litre while diesel dipped to Rs 62.86 from Rs 63.09, according to notifications of state-owned oil firms.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2F17vTk

Insurance industry goes on tech drive to expand coverage

The sectoral regulator Insurance Regulatory and Development Authority of India (Irdai) proposed to encourage companies to develop new technologies, asked insurers to make their products more attractive and customer friendly.

from Banking/Finance-Industry-Economic Times http://bit.ly/2RqjFff
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Banking

The sectoral regulator Insurance Regulatory and Development Authority of India (Irdai) proposed to encourage companies to develop new technologies, asked insurers to make their products more attractive and customer friendly.

from Banking/Finance-Industry-Economic Times http://bit.ly/2RqjFff

KIOCL zooms 13% on stake sale plan

Shares of KIOCL zoomed as much as 13% in intraday trade on Monday after the Govt decided to sell stake in the company via an FPO.

from India Infoline News Service http://bit.ly/2Th7ui8

Dredging Corp rallies 17% on high volume

The company experienced a spurt in volumes by more than 11.73 times.

from India Infoline News Service http://bit.ly/2LIzSqT

RCom, Jio extend pacts validity date to June 28, 2019

The agreement between the two companies signed on December 28, 2017, is for the sale of the towers, fibers, MCNs, and spectrum of RCom and its affiliates.

from India Infoline News Service http://bit.ly/2s0nb1t

Metal, Realty stocks gain in todays session

Hindustan Copper was the top gainer on the metal index trading higher by over 3%.

from India Infoline News Service http://bit.ly/2GNeqSU

Applicable Average Base Rate to be charged by NBFC-MFIs for the Quarter Beginning January 01, 2019

The Reserve Bank of India has today communicated that the applicable average base rate to be charged by Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter beginning January 01, 2019 will be 9.15 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014, issued to NBFC-MFIs regarding pricing of credit, stated that it will, on the last working day of every quarter, advise the average of the base rates of the five largest commercial banks for the purpose of arriving at the interest rates to be charged by NBFC-MFIs to its borrowers in the ensuing quarter. Ajit Prasad Assistant Adviser Press Release : 2018-2019/1499

from PRESS RELEASES FROM RBI http://bit.ly/2SqrXRy
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Government may hire global executives for Air India: Suresh Prabhu

"I have already ordered a global search for professionalisaton of Air India completely. All top positions in Air India should be filled by some sort of a global search. That proposal is now under active consideration of the government," the minister told in an interview.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2F00y65

Cadila Healthcare gains 1% as USFDA grants approval for Acne Gel

The combination medication is used to treat a certain type of acne.

from India Infoline News Service http://bit.ly/2EYexIw

Reliance Industries acquires Kanoda energy systems

The investment in Kanoda energy systems will assist in RIL's initiatives to use renewable energy sources.

from India Infoline News Service http://bit.ly/2EZGsbQ

Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations

The result of the RBI Fixed Rate Reverse Repo Operations held on December 29, 2018 is as under: Amount (face value in ₹ Billion) Items 2 day Reverse Repo Auction 6.25% Fixed Rate 1. Bids received   (i) Number 68 (ii) Amount 476.99 2. Bids accepted   (i) Number 68 (ii) Amount 476.99 Ajit Prasad Assistant Adviser Press Release: 2018-2019/1498

from PRESS RELEASES FROM RBI http://bit.ly/2EXeKf5
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Facebook least trusted tech company, finds survey

According to a survey of 1,000 people conducted earlier this month by research company Toluna, 40% of respondents said they trusted Facebook the least with their personal information, PCMag.com reported last week.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2EYrGkX

L&T Construction wins orders worth Rs2,084cr

The Power Transmission and Distribution Business of L&T Construction has secured EPC orders worth Rs2,084cr, as per BSE filing.

from India Infoline News Service http://bit.ly/2SsPZeV

Liquidity Adjustment Facility: Fixed Rate Repo Operations

The result of the RBI Fixed Rate Repo Operations held on December 29, 2018 is as under: Amount (face value in ₹ Billion) Items 2 day Repo Operations 6.50% Fixed Rate 1. Bids received   (i) Number 0 (ii) Amount 0.00 2. Bids accepted   (i) Number 0 (ii) Amount 0.00 Ajit Prasad Assistant Adviser Press Release: 2018-2019/1497

from PRESS RELEASES FROM RBI http://bit.ly/2LGEsG9
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Sensex up nearly 200 points; Nifty above 10,900

On BSE, Tata Motors, Tata Steel, Vedanta, Sun Pharma, Bharti Airtel and Bajaj Finance were among the major gainer with their stocks rising as much as 1.70 per cent. On the NSE platform, all the sub-indices were trading in green with Nifty Metal leading the pack, up 1.52 per cent.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2SvIYda

Jet Airways in talks with SBI for Rs 1,500-crore loan

The Naresh Goyal-controlled airline, which has posted three consecutive quarterly losses of over Rs 1,000 crore each since March, already has as much as Rs 8,052 of debt on its books as on September 30. Rating agency Icra has already cut the rating on Jet Airways borrowing programmes.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2GL3PIc

Rupee extends gain; opens higher at 69.80/$

The dollar traded narrowly against its peers as risk sentiment remained fragile over heightened concerns of slowing global growth and a partial US government shutdown, as per media reports.

from India Infoline News Service http://bit.ly/2SuErri

US-China trade war eases on Trump's expression of optimism

Trump said in a tweet that negotiations were moving along very well towards a comprehensive deal.

from India Infoline News Service http://bit.ly/2TiS1xU

Nifty reclaims 10,900 mark; Indiabulls HF, Tata Motors stocks gain

The stock market opened higher on the last day of the year as global markets advanced following progress in US-China trade negotiations.

from India Infoline News Service http://bit.ly/2CHrCVe

NLC India conducts boiler light up for first unit of Neyveli power project

This power project will replace the existing more than five decades old TPS-I (600MW) at Neyveli.

from India Infoline News Service http://bit.ly/2QZ0g5U

JK Cements closes QIP; approves issue price of Rs695.80/share

The issue price is at a discount of 5% to the floor price.

from India Infoline News Service http://bit.ly/2EWGzEr

Bharat Financial Inclusion completes fifth direct assignment transaction of Rs849.36cr

With this transaction, the Company has completed direct assignment transactions worth Rs3,864.91cr in FY19.

from India Infoline News Service http://bit.ly/2Thumhr

Govt to infuse Rs10,086cr in Bank of India

The bank informed the BSE in a regulatory filing on Saturday that the capital infusion in its equity will be done by way of preferential allotment.

from India Infoline News Service http://bit.ly/2BOvKkx

Money Market Operations as on December 28, 2018

(Amount in ₹ billion, Rate in Per cent) MONEY MARKETS @       Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 63.02 6.44 5.50-7.00      I. Call Money 18.38 6.33 5.50-6.55      II. Triparty Repo 33.49 6.33 5.50-6.55      III. Market Repo 0.00   -       IV. Repo in Corporate Bond 11.15 6.92 6.75-7.00 B. Term Segment            I. Notice Money** 306.78 6.58 5.00-7.20      II. Term Money@@ 2.30 - 6.85-7.85      III. Triparty Repo 1,378.75 6.52 6.25-6.63      IV. Market Repo 558.46 6.60 5.50-6.75      V. Repo in Corporate Bond 0.78 7.90 7.90-7.90

RBI OPERATIONS@   Auction Date Tenor (Days) Maturity Date Amount Outstanding Current Rate / Cut off Rate C. Liquidity Adjustment Facility    (i) Repo (Fixed Rate) 28/12/2018 3 31/12/2018 41.24 6.50    (ii) Repo (Variable rate) 13/11/2018 56 08/01/2019 200.02 6.60   13/12/2018 56 07/02/2019 250.02 6.56   14/12/2018 21 04/01/2019 350.02 6.52   18/12/2018 14 01/01/2019 230.05 6.51   19/12/2018 14 02/01/2019 142.00 6.51   21/12/2018 14 04/01/2019 123.24 6.51   24/12/2018 15 08/01/2019 146.67 6.51   27/12/2018 7 03/01/2019 200.01 6.53   28/12/2018 14 11/01/2019 235.02 6.52    (iii) Reverse Repo (Fixed rate) 28/12/2018 3 31/12/2018 401.11 6.25    (iv) Reverse Repo (Variable rate) - - - - - D. Marginal Standing Facility 28/12/2018 3 31/12/2018 1.26 6.75 E. Standing Liquidity Facility Availed from RBI $     21.22   RESERVE POSITION @ F. Cash Reserves Position of Scheduled Commercial Banks (i) Cash balances with RBI as on # 28/12/2018 5,331.73   (ii) Average daily cash reserve requirement for the fortnight ending 04/01/2019 4,895.08   G. Government of India Surplus Cash Balance Reckoned for Auction as on ¥ 28/12/2018 567.94   @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL) / Fixed Income Money Market and Derivatives Association of India (FIMMDA) Data. - Not Applicable / No Transaction ** Relates to uncollateralized transactions of 2 to 14 days tenor. @@ Relates to uncollateralized transactions of 15 days to one year tenor # The figure for the cash balances with RBI on Sunday is same as that of the previous day (Saturday). $ Includes refinance facilities extended by RBI ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015 Ajit Prasad Assistant Adviser Press Release : 2018-2019/1496

from PRESS RELEASES FROM RBI http://bit.ly/2TlZ60Y
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Jet Airways in talks with SBI for Rs1,500cr loan: Media reports

Jet Airways strategic partner Etihad is likely to provide the guarantee for the loan

from India Infoline News Service http://bit.ly/2BTiwDo

Asian markets gain on Monday on hopes of easing US-China trade war

Stock markets are closed in South Korea, the Philippines, Taiwan and Thailand.

from India Infoline News Service http://bit.ly/2QVIjFb

Aavas Financiers received fresh refinance assistance of Rs400cr

The refinance assistance is in addition to the approval of the undrawn limit of Rs100cr pertaining to previous Year, in December 2018.

from India Infoline News Service http://bit.ly/2BRxWbf

Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations

The result of the RBI Fixed Rate Reverse Repo Operations held on December 28, 2018 is as under: Amount (face value in ₹ Billion) Items 3 day Reverse Repo Auction 6.25% Fixed Rate 1. Bids received   (i) Number 56 (ii) Amount 401.11 2. Bids accepted   (i) Number 56 (ii) Amount 401.11 Ajit Prasad Assistant Adviser Press Release: 2018-2019/1495

from PRESS RELEASES FROM RBI http://bit.ly/2EY8wM3
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Share Market Update: 8 Stocks that could give strong intraday gains

Derivative data points are indicating a formation of bullish positions in the following stocks:

from India Infoline News Service http://bit.ly/2CGb8fT

Online electronics brands looking at fresh strategies to de-risk play

While online-exclusive brands such as Vu, BPL, TCL explore ways to push sales, Flipkart and Amazon are unlikely to change their hiring plans

from Economy-News-Economic Times http://bit.ly/2GO8yZD
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Top stocks in focus: Kotak Mahindra Bank, Cipla, Fortis Healthcare, Bank of India

Check out the companies which will be in focus during trade today based on recent and latest news developments.

from India Infoline News Service http://bit.ly/2QcNafS

Top stocks in focus: Kotak Mahindra Bank, Cadila, JK Cement, Bharat Financial

Check out the companies which will be in focus during trade today based on recent and latest news developments.

from India Infoline News Service http://bit.ly/2rZgVae

SGX Nifty indicating a positive opening in line with global peers

SGX Nifty is at 10,965, up 45 points. For today, expect NAV propping on select mutual fund favorite stocks, as Nifty attempts to hit 11000. Mid caps could see better action as investors bet on earnings cycle upgrade in 2019.

from India Infoline News Service http://bit.ly/2CHnFji

Broker Radar for December 31

Check out the stock commentaries and recommendations from foreign brokerage houses.

from India Infoline News Service http://bit.ly/2GO9i0R

What not to miss today

Here are the important news to watch out for today.

from India Infoline News Service http://bit.ly/2EY2vyX

Punjab for fewer GST exclusions, higher exemption threshold

Manpreet Badal in his letter to Arun Jaitley said there should be a common composition limit for goods and services.

from Economy-News-Economic Times http://bit.ly/2EUkYwe
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The only two ways India can sway

Answer to, How did the economy do under the Modi govt? - will decide if 2019 will be a defining year for the economy, or if it will go down in history as the year when populism killed promise.

from Economy-News-Economic Times http://bit.ly/2CIxsWx
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View: Das Capital - Next year will test how smartly RBI plays the game

There are trails that connect Das to his predecessors -- the flamboyant Rajan and the reclusive Patel, both hardcore economists, unlike Das.

from Economy-News-Economic Times http://bit.ly/2CHyQZq
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Banking

RBI board recorded that it will not touch the 'unrealised gains' for dividend distribution to the govt.

from Banking/Finance-Industry-Economic Times http://bit.ly/2CFG4x0

RBI decides not to touch valuation gain

RBI board recorded that it will not touch the 'unrealised gains' for dividend distribution to the govt.

from Banking/Finance-Industry-Economic Times http://bit.ly/2CFG4x0
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Settled GST, credit flows among 7 reforms to aid India grow 7.5% in 2019: CII

The Reserve Bank of India (RBI) expects India’s economy to grow 7.4% in 2018-19.

from Economy-News-Economic Times http://bit.ly/2LGYgcu
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Bank-like norms will hinder NBFC growth

Over-regulation to hurt, NBFCs tell PM

from The Hindu - Economy http://bit.ly/2R0Ngg3
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Robust GDP growth to continue: CII

Says services sector, infrastructure activity and better demand conditions will drive economy in 2019

from The Hindu - Economy http://bit.ly/2CGJSxY
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Cartoonscape - December 31, 2018

from The Hindu - Cartoon http://bit.ly/2R05DBK

HIV reality check

Two lives, of a donor and a recipient, are devastated by lapses in blood screening

from The Hindu - Editorial http://bit.ly/2RlOXUB
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Mind the gap: on fiscal deficit

Revenue trends underline the government’s challenge on the fiscal consolidation front

from The Hindu - Editorial http://bit.ly/2GLATiZ
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In volatile markets, long-term planning is must to raise equity

Pipeline of IPOs looks very strong for 2019, says HDFC Bank official

from The Hindu - Industry http://bit.ly/2AgUL8b

CAIT flags ‘undue pressure by lobbies’ against e-com rules

U.S.-India business forum had termed changes ‘regressive’

from The Hindu - Industry http://bit.ly/2SsznE2

Of financial debacles and rating agency models

A case of barking up the wrong tree?

from The Hindu - Industry http://bit.ly/2RpveTX

GST: revenues stabilising, compliance increasing

‘Conflicting rulings by State ARAs remain a sore point’

from The Hindu - Industry http://bit.ly/2LIlG0U

‘Microfactory can help recycle waste locally’

Discussions underway to set up a demonstration unit in India, says Mumbai-born UNSW professor

from The Hindu - Industry http://bit.ly/2GL2nFF

The return of the native rice variety

Farmers benefit from low input costs

from The Hindu - Industry http://bit.ly/2Rnnm5f

India's robust economic growth to continue in 2019: CII

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Amx5ix

The most read-editorials of The Hindu in 2018

Here are the editorials from The Hindu in 2018 that were the most read.The plane truth: on Rafale deal rowThe Rafale deal has been the subject of heat

from The Hindu - Editorial http://bit.ly/2QWp1iN
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Make enough financial allocations to make crop insurance schemes attractive for farmers: Parliamentary Panel

​​The parliamentary panel, chaired by Murli Manohar Joshi also recommended re-formulation of agricultural insurance scheme in order to suit the needs of farmers who engage in organic farming.

from Economy-News-Economic Times http://bit.ly/2EZzFio
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Petrol price cut to its lowest level in 2018, diesel rates at 9-month low

Industry sources said as per the assessment, the retail prices of petrol and diesel may reign easy in the next few days.

from The Hindu - Economy http://bit.ly/2QZIDTq
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The lowdown on the state of the economy

What is it? Sporting feats are difficult to imagine from match records and statistics — numbers alone can leave one in the dark about what transpired

from The Hindu - Economy http://bit.ly/2Rq4bYw
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Bangladesh polls: Indo-Bangla trade stops for two days

Regular trade through all checkposts and land customs stations along the 4,096-km borders is expected to be resumed by Wednesday.

from Economy-News-Economic Times http://bit.ly/2SuIlAA
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Railways' new 'barter' policy: Provide goods, services for ads on trains

A policy drafted by the Railway Board's transformation cell has said that offers of goods and services in exchange for publicity on running trains have been discussed in the board and a decision has been taken to implement it on a trial basis. A directive in this regard was issued to all general managers of railways on December 27.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2AlSd8y

Banking

The channels through which lenders recovered bad loans include IBC, SARFAESI Act, debt recovery tribunals and Lok Adalats.

from Banking/Finance-Industry-Economic Times http://bit.ly/2GOvS9w