Morning News Round – Up : 16-Dec

Ø  Bharti Airtel sells towers in Zambia and Rwanda to IHS

Ø  Govt runs into hurdles in recovering revenues from RIL

Ø  Wall Street dips in volatile trade; oil prices fall further

Ø  Maruti to hike prices in the range of 2-4% from Jan

Ø  US manufacturing output surges in November

Ø  UK Sinha hints a re-look at new delisting norms

Ø  ARC gives India sovereign rating of BBB+ with positive outlook
 
Ø  GST Bill set to be tabled as states’ key demands met

Ø  RBI allows structuring, refinance of existing projects

Ø  Govt says no plans to ban export of iron ore

Ø  RIL offering discount on petrol, diesel at its outlets

Ø  ‘Rising import is the worst enemy of the sugar sector’

Ø  RBI cuts held-to-maturity limit for primary dealers

Ø  Oil, coal and iron ore at 2008-2009 financial crisis levels

Ø  China approves $18 bn worth of new road projects 

Ø  JSW Steel to return land it purchased directly from farmers in Salboni 

Ø  Motherson Sumi acquires Scherer & Trier for Euro 36 million

Ø  Ranbaxy gets approval to launch new malaria drug in 7 African countries 

Ø  Dumping duty imposed on clear float glass from Pak, Saudi Arabia, UAE

Ø  Majesco to merge with Cover-All Technologies 
 
Ø  Reliance Group sells Big Cinemas chain to Carnival Films

Ø  Tata-SIA’s Vistara airline gets India operating licence

Ø  Mastek rallies on merger of Majesco with Cover-All Technologies

Ø  CCI rejects case on excise department and TCS

Ø  Ramky to restructure debt under joint lenders forum

Ø  High capex will hurt cash flows of Indian oil companies: Fitch

Ø  Nov WPI inflation drops to zero pct, lowest in 5 1/2 years

Ø  Petrol, diesel prices cut by Rs 2/ltr as oil rates slump to 5-yr low

Ø  US Federal Reserve considers time to end free money pledge

Ø  Govt to push all possible stake sales of PSU units before March
 
Ø  German drugmakers appeal drug suspensions linked to Indian data

Ø  SpiceJet seeks govt help; Request to be put up before PMO: MoS

Ø  Indian drugmakers eye Japanese generic market

Ø  Coal India to set up investment subsidiary in South Africa

Ø  Reforms to accelerate, returns to moderate in 2015: Kotak

Ubs on shriram transport : increase price tgt to 1400 from fron 1175  .
Due to best benificary of  falling crude prices among NBFC’s.
Talking points:-

* India Nov Trade deficit at 18 month high. Export declined.

* India Oct WPI plunges to 0.0% vs 1.77%.

* GST Bill may be passed in this winter session only.

* Relief for Infra companies as RBI relaxed the financing norms for loan above Rs 5Bn.

* Global market on a roller coaster. Euro Indices trading below 200 DMA.

* SGX NIFTY slipped below 8200 in morning trading.

* China Dec HSBC flash PMI at 49.5 vs 50. (mom) contracts for 1st time in 7 months

* Russian Central bank raised its rates to 17% from 10.5% in an overnite. Indices down 10%.

* Green signal for Sunpharma-Ranbaxy deal.