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Evening News Round Up

Evening News Round Up

News Round-up 17-Nov:
*Inflation pace slowing; Jan-Mar CPI around 6.5%: Macquarie

*FII stake in Sensex cos hits all-time peak of 27%: BofAML

*JPM bullish cyclicals, financials; sees 6% GDP growth

*RBI to cut rates by 25bps each in Feb, Apr: GS

*Focus on domestic cycle than global sectors; like financials: DSP

*Nikkei posts biggest drop since Aug as Japan slips into surprise recession, paves way for tax delay, snap poll

*Rajnath warns China against building roads on Indian territory

*Q2 earnings good, to focus on long-term growth: Britannia

*Q2 profit nos muted; investment cycle revival in 2-4 qtrs: Kotak

*Impact of shutdowns to show up in Q3 nos: Mangalore Chem

*Will be profitable by ’15; working on recap plans: SpiceJet

*SpiceJet Crashes 11%; Q2 Net Loss at Rs 310cr

*India Cements up 4%, Srinivasan gets clean chit in IPL case

*HDFC twins fall 2% on foreign invt concerns

*JSW Energy, JP Power soar 6-11% on stake sale buzz

*ONGC gains on plans to invest Rs 10,600 cr

*Tata Coffee surges on stock split plan

*Rural operations to turn profitable in 5 year for public sector banks: CRISIL

*Bombay High Court rejects interim stay on ‘fit and proper’ order against FTIL

*RPP Infra’s JV bags Rs 87 crore worth order

*Vodafone launches initiatives for small & medium firms

*Small FMCG companies take big steps as commodity prices fall

*Ola mobile app for cab booking launched in Nagpur

*Tatas may look at US for new JLR factory

*Open offers by cos drop 66% to Rs 13,000 cr in Apr-Sept

*Aim 100% growth rate in health insurance business: Rel Cap

*Ashok Leyland bags orders worth $79.2 mn from Tanzania, Zimbabwe

*Equity mutual funds see over Rs 39,000 cr inflow in FY’15

*Oct trade deficit at $13.36bn; exports hit 7-m low

*Markets make fresh closing highs; autos, PSBs zoom

*Facebook to step into corporate world with ‘Facebook at Work’

*Adani group’s Australian mine project cleared

*Vibrant Gujarat is the Davos of East, says Saurabh Patel

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