NEWS ROUND UP

  • RBI report says need to gradually cut gilt invest needs of bks (Cogencis)
  • RBI says Fed stimulus taper may lead to global rate cycle upturn (Cogencis)
  • RBI says will soon issue new bank licences (Cogencis)
  • RBI says PSU banks’ falling capital position a “matter of concern” (Cogencis)
  • India Oct CPI rural labourers inflation 12.48% vs 12.44% Sep (Cogencis)
  • India Oct CPI farm labourers inflation 12.65% vs 12.78% Sep (Cogencis)
  • Fitch says rupee fall not to trigger action on India rating for now (Cogencis)
  • Chidambaram says FY14 fiscal deficit target will not be breached (Cogencis)
  • Oil min slaps around $795 mln more fine on RIL over KG-D6 output (Cogencis)
  • India PM says need to expose PSU cos to more competition (Cogencis)
  • Govt may allow exploration of all hydrocarbons in NELP X blocks (Cogencis)
  • Source says India unlikely to join Euroclear bond settlement system (Cogencis)
  • Source says TRAI proposals on media ownership to be out by Dec end (Cogencis)
  • SC bars all Sahara group companies from selling any property (Cogencis)
  • Food minister says mulling to hike sugar export duty drawback rate (Cogencis)
  • Goldman Sachs economist sees gradual pickup in India’s growth FY14 (Cogencis)
  • Bajaj Auto to begin exporting 200cc petrol-run RE60 quadricycle Feb (Cogencis)
  • Power min awaits oil ministry reply on gas supply to Dabhol plant (Cogencis)
  • Drug regulator says found no irregularity at any Wockhardt unit (Cogencis)
  • Source says Hero MotoCorp launched VRS at Gurgaon, Dharuhera plants (Cogencis)
  • US crude oil stocks rise in wk ended Nov 15; petrol, distillates dn (Cogencis)
  • JSW Steel official says see steel prices stable or rising in 2014 (Cogencis)
  • MD says NCDEX plans to soon launch steel HR coil, new gold futures (Cogencis)
  • Nokia urges HC to allow India asset sale (Cogencis)
  • PetroVietnam offers ONGC Videsh 5 oil, gas block via MoU (Cogencis)
  • Eurozone ministers ‘losing patience’ with Greece (BBC)
  • US Federal Reserve to trim stimulus in coming months (var)
  • UK public finances improve in October as economy grows (var)
  • Sri Lanka aims at over 7.5% growth in next 3 years (TOI)
  • Dollar rises to 4-month high versus yen (var)