Business news Tablet.

[RAJESH DESAI]

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  S&P 500 ends near 4-month low on budget, Middle East Ø  Greece sinks deeper into depression in 3rd quarter Ø  Gas output in KG-D6 fields falls further: Reliance Ind Ø  Maoist disruption in Chhattisgarh operations a worry for NMDC Ø  Himalaya Drug wins 15-year-old trademark battle over Liv 52 Ø  Global rating agencies are like restaurant critics:Bhagwati		Ø  2G auction leaves a hole in govt's collection goal Ø  Nava Bharat-Essar deal under Odisha law dept's scrutiny Ø  Govt banks line up 2,000 cr bad loan sale Ø  Pharma policy back to GoM to vet finmin's concerns Ø  Orissa delegates to visit Singapore to attract investments Ø  Crude prices fall in Asia on demand fears
Business Line		Mint
Ø  Govt’s policy measures will restore economic growth: Pranab Ø  DLF to issue fresh equity shares to reduce promoters’ stake Ø  Shipping companies warned over salary default Ø  50% hike in cigarette rates would avoid 40 lakh deaths in India Ø  Global mobile phone sales fall 3% in Q3: Gartner Ø  Gammon India Q2 net loss at Rs 39.44 cr		Ø  Telenor to pay Rs4,018 crore for new 2G licences Ø  Cisco sees slower growth in second quarter Ø  Russia sees new benefits to shale extraction Ø  NTPC eyes Tungabhadra Steel’s hydel power project Ø  DLF may sell Rs 5,000 cr non-core assets by March Ø  Finance Ministry likely to notify Rajiv Gandhi equity scheme this week
Financial Express		Financial Chronicle
Ø  Trade credit, ECB piling up pressure on exchange rate Ø  Samvat 2069: 'Sensex may hit 24,000' Ø  Vodafone India H1 revenue jumps 13.3% Ø  BoE's King faces grilling on inflation Ø  India logs worst trade deficit ever: CS Ø  Rajesh Exports Q2 net profit up 5%		Ø  Diageo deal could pull Kingfisher from the brink Ø  Nifty firms post 2nd highest profit in past eight quarters Ø  Inflation slows slightly to 7.45 per cent in October Ø  Tata Motors denies report on alliance talks with Peugeot Ø  Wockhardt Q2 cons profit surges over 3fold to Rs 454 cr Ø  FM to meet heads of PSU banks today

(Click on link to view article)

--
CA. Rajesh Desai

[RAJESH DESAI]

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  RBI asked to finalise new bank licence guidelines: FM Ø  Siemens to win 2.85 bn euro of Russian orders: Report Ø  DoT optimistic of finalising UL norms by Dec-end Ø  2G: Govt, Cong attack CAG over Rs 1.76 lakh cr loss Ø  France is Europe's 'time-bomb', says The Economist Ø  BP settles with US for $4.5 billion in Gulf spill		Ø  NSEL inks pact with Belarus Commodity Exchange Ø  Govt hikes import tariff value of gold, silver Ø  Morgan Stanley selling its Indian private bank -sources Ø  Growth worries, US fiscal fears hit world stocks Ø  Brent crude climbs towards $110, Mideast tensions mount Ø  Sintex to raise up to $150 mn through FCCBs
Business Line		Mint
Ø  Reliance gets approval to drill D-19 gas field Ø  Insurance firms may get to invest in infra bonds for shorter period Ø  M&M Financial raises Rs 867 cr through QIP Ø  Kochi Refinery is BPCL’s cog in the wheel of growth engine Ø  Rel MF sells 35 lakh shares in Take Solutions for Rs 10.8 cr		Ø  Services exports shrink 7.6% on declining demand Ø  Vedanta said to plan cutting output at smelter Ø  Wal-Mart starts corruption inquiries in India, Brazil, China Ø  Air India sells Rs.7,400 crore of NCDs Ø  GMR, United Phosphorus to be removed from MSCI India Ø  Tolling business boosts PTC India
Financial Express		Financial Chronicle
Ø  2G spectrum auction: EGoM to look at lowering of reserve price Ø  NMDC disinvestment likely by mid-Dec Ø  Petrol price cut by 95 paise Ø  'Govt to infuse capital in PSU banks' Ø  'Stressed sectors to get govt push' Ø  France rejects EU draft budget plan		Ø  Banks overnight borrowing hits Rs 1,00,000 crore Ø  Tata Motors global sales rise 6% in Oct, JLR up 7% Ø  Arcelor Mittal to sell 50% stake in Kalagadi Manganese for $447m Ø  Graphite India Q2 net up 11 per cent Ø  DLF aims to sell luxury hotel chain by end December Ø  Cabinet note on Credit Guarantee Scheme in 7-10 days: FM

(Click on link to view article)

--
CA. Rajesh Desai