INSUBCONTINENT EXCLUSIVE:
Here is a list of market-moving macro stories that you may like to read
LIC surprised markets by having picked up stakes in companies such as Swan Energy, Granules India, Rajesh Exports, Omaxe India, Future
Lifestyle, Tata Coffee and Gateway Distriparks at elevated prices at a time liquidity dried up at smaller counters making exits difficult
before they crashed.
Aadhaar returns for use in banks, telecomThe Union Cabinet has approved amendments to communications and money
laundering laws to comply with Supreme Court rulings relating to privacy and Aadhaar
Amendments to the Telegraph Act and the Prevention of Money Laundering Act will allow use of the 12-digit biometric ID for obtaining mobile
numbers or opening bank accounts if customers opt for its use
This will come as an immediate relief for the telecom and banking sectors even as government moves legal changes for voluntary use of
Aadhaar by these sectors.
SP warns over RBI spatSP Global Ratings said the circumstances that led up to the recent resignation of Urjit
Patel as RBI governor were credit negative for the country and the increasing involvement of the Indian government in affairs of the central
bank could undermine the hard-fought improvements in the banking system over the past few years
Remember, the global rating agency has an investment grade BBB rating for India with a stable outlook.
MP announces massive farm loan
waiverThe new government in Madhya Pradesh has decided to waive up to $5.3 billion of farm loans, becoming the latest state to offer relief
ahead of a general election next year as farmers reel from losses caused by falling crop prices
mid-Jan Brexit votePrime Minister Theresa May said on Monday she would bring her Brexit deal back to Parliament for a mid-January vote,
With just over 100 days until Britain is due to leave the EU, May faced accusations from some lawmakers that she was trying to force a
deeply divided parliament into backing her deal by running the clock down to exit day
A mid-January vote could oblige lawmakers to make a decision between her deal or leaving without one on March 29, a nightmare scenario for
equity firm Rare Enterprises are among a dozen bidders for the securities business of Infrastructure Leasing Financial Services (ILFS),
which is the first ILFS subsidiary to be put on the block.
Wadia-Tata fight in courtA local court in Mumbai has admitted industrialist Nusli
trial for charges of criminal defamation.
FB verifying political advertisersFacebook, for the first time globally, is embarking on a
strictly offline process to verify identity and locations of political advertisers in India ahead of the general elections next year
The social network, which counts India as its largest market by users, has written an email on December 8 to individual advertisers and
agencies that they must provide scanned copies of address and identify proofs, which will be verified through visits by its India-based
A combination of higher prices, drop in vehicle sales and decreasing use of polluting industrial fuels is said to have contracted the oil
together by the Department of Industrial Policy and Promotion (DIPP)
The policy is likely to propose restrictions for differential and predatory pricing strategies such as deep discounts used by ecommerce
