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Stocks In News

 

SUZLON, INOX WIND

Govt is coming up with the reverse auction of 2,000 MW of wind power projects

Solar Energy Corp is expected to issue request for selection document for bidding within 10 days

SECI would sign 25-year power purchase agreements with the winning bidders

SECI will sell the power to electricity distribution utilities of states in non-windy areas

A company can bid for a max capacity of 400 MW and a minimum of 50 MW

The net worth of the bidder should not be less than Rs 1.5 cr per MW of the capacity quoted

Financial Express Reports

ARCs IN FOCUS

RBI allows strong ARCs to hold more than 26% in sick units

ARCs maintaining Rs 100 cr fund and following good corporate governance will be allowed

Business Standard Reports

JET AIRWAYS

Plans to scrap first class in its Boeing 777 planes for cost cutting

Planes operational for long haul flights

Business Standard Reports

ARSHIYA

Monetising warehouses for Rs 534 cr

COX & KINGS

Company owned Meininger hotels to open a hotel in Germany

165 rooms and 639 beds is scheduled to open in Q2FY21

  • SENSEX

    33,679.24 91.16   (0.27 %)
  • NIFTY

    10,389.70 40.95   (0.40 %)
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News In Brief

 

    Global gas oversupply could trigger price 'crisis' - Russia energy minister

    Santa Cruz, Bolivia: Global gas supplies currently exceed demand, a situation that could lead to a “crisis” drop in prices similar to that which occurred in the crude oil market, Russian energy minister Alexander Novak said on Friday. 

    Novak made the comments at the Gas Exporting Countries Forum (GECF) being held in Bolivia. The United States has vastly increased its output of both crude oil and natural gas in recent years as improved drilling technology opened previously inaccessible reserves - a leading reason for a steep drop in petroleum prices.

    (Reuters)

    Russian bombers hit Islamic State targets in Syria: RIA

    Moscow: Russia’s Defence Ministry said on Friday six TU-22M3 long-range bombers had carried out air strikes on Islamic State targets on the western bank of the Euphrates river in Syria, the RIA news agency reported. 

    Militants strongholds and groups were among the targets hit by the bombers, the ministry said.

    (Reuters)

    Chinese, Indian, Iranian firms eye $10 billion refinery in Brazil

    Rio De Janeiro: Chinese, Indian and Iranian firms are discussing a partnership to invest between $7 billion and $10 billion to build a new oil refinery in the state of Maranhão in northeastern Brazil, a government official said on Friday. 

    Negotiations over the refinery, with proposed capacity of 300,000 barrels per day, are ongoing between the companies and local officials, Oil and Gas Secretary Márcio Félix said.

    (Reuters)

    S&P and Nasdaq hit records highs

    The S&P 500 and Nasdaq Composite hit record highs at the open on Friday, a day after the Thanksgiving holiday, climbing with oil prices and with retail stocks in focus as Black Friday kicks off the holiday shopping season.   

    The Dow Jones Industrial Average rose 28.33 points, or 0.12 percent, to 23,554.51. The S&P 500 gained 4.53 points, or 0.17 percent, to 2,601.61. The Nasdaq added 9.19 points, or 0.13 percent, to 6,876.55.

    (Reuters)

    Egypt declares three days of mourning after attack on north Sinai mosque: state television

    Cairo: Egypt’s government has declared three days of mourning after attack on north Sinai mosque killed at least 85 people on Friday, state television said.

    (Reuters)

    Ukraine agrees to sign EU summit declaration: officials

    Brussels: The European Union and six former Soviet republics, including Ukraine, agreed a joint summit declaration on Friday that aims to help bring the countries closer to the West, overcoming Kiev’s objections, two EU officials said. 

    “It’s been agreed,” one official said as leaders from EU member states and from Ukraine, Belarus, Moldova, Georgia, Armenia and Azerbaijan met for talks in Brussels.

    (Reuters)

    Regulators to hold news conference on Basel bank rules

    London: The oversight body for global banking regulators said on Friday it will hold a news conference on December 7 in a sign that a deal is now likely on completing a post-financial crisis set of capital rules for lenders. 

    France has been a holdout for completing the Basel III rules, and people familiar with the negotiations have said the oversight body would not meet unless a deal was on the cards. The oversight body, known as the Group of Governors and Heads of Supervision, is chaired by Mario Draghi, president of the European Central Bank. The news conference will be held at 1600 GMT on December 7.

    (Reuters)

    At least 85 people killed in attack on mosque in Egypt's north Sinai: state news agency

    Cairo: At least 85 people were killed and 80 more wounded when suspected militants targeted a mosque in Egypt’s north Sinai with a bomb and gunfire, MENA state news agency said on Friday, citing an official source.

    (Reuters)

    Ireland's Fianna Fail party says will be election if Deputy PM does not resign

    Dublin: Ireland’s second-largest party Fianna Fail, which helps prop up the government, indicated on Friday it would force an election if the country’s deputy prime minister does not resign over a policing scandal. 

    Asked in an interview with national broadcaster RTE whether the only thing that could prevent a snap general election was the resignation of Deputy Prime Minister Frances Fitzgerald, senior Fianna Fail member Dara Calleary said: “I think so.”

    (Reuters)

    Russia worried Japan becoming base for US military build-up in Asia

    Moscow: Russia is worried that Japan is becoming the base for a U.S. military build-up in Asia, Russian Foreign Minister Sergei Lavrov said on Friday. 

    Speaking after talks with his Japanese counterpart Taro Kono in Moscow, Lavrov said the United States was taking steps aimed at irritating Pyongyang and it seemed Washington was not pleased that North Korea has made no missile launches recently.

    (Reuters)

    China issues new rules on banks' interest rate risk management: regulator

    Beijing: China’s banking regulator said on Friday that it has issued draft guidelines for commercial banks to better manage their interest rate risks, as China pushes forward with its interest rate liberalization reform. 

    New rules have details on banks’ risk management requirements and ask commercial banks to conduct interest rate stress tests and routine assessments on their risk conditions. The guidelines will take effect on January 1, 2019.

    (Reuters)

    Mnangagwa told Mugabe he will be safe in Zimbabwe - state media

    Harare: Incoming Zimbabwe leader Emmerson Mnangagwa assured former president Robert Mugabe he and his family would be safe in the country when the two men spoke for the first time since Mnangagwa returned home this week, state media said on Friday.

    The State-owned The Herald newspaper said Mugabe and Mnangagwa, who is set to be sworn in as president later on Friday, had agreed that the former leader may not attend the swearing-in ceremony because he was tired.

    (Reuters)

    RBI sets rupee reference rate at 64.7328 against US dollar

    Mumbai: The Reserve Bank of India today fixed the reference rate of the rupee at 64.7328 against the US dollar and 76.7213 for the euro. The corresponding rates were 64.7949 and 76.6264, yesterday.

    According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 86.0364 and 58.07 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The SDR-rupee figure will be based on this rate, the statement added. 

    (PTI) 

    EU's Juncker says Dec. 4 meeting with May will show if Brexit progress made

    Brussels: The president of the European Commission Jean-Claude Juncker said on Friday that a meeting with British Prime Minister Theresa May on December 4 will allow the EU to see whether sufficient progress was made on Brexit talks. 

    “I will meet the British prime minister on 4 December. Then we will see if there has been sufficient progress,” he told reporters in Brussels ahead of an EU summit that May is attending. Juncker said there had been progress in Brexit talks.

    (Reuters)

    Uber to partner with Mahindra for electric vehicles in India

    Mumbai: Ride-hailing firm Uber Technologies will partner with automaker Mahindra and Mahindra to add electric vehicles on its platform in India, the two companies said in a statement on Friday. 

    Uber will deploy hundreds of electric vehicles including Mahindra’s e2o hatchback and eVerito sedan in Delhi and Hyderabad, and will consider adding the cars in other cities across India.

    (Reuters)

    Silver futures gain on firm global cues

    New Delhi: Silver prices rose by Rs 128 to reach Rs 40,181 per kg in futures trading today as speculators raised bets amid a firm trend in precious metals overseas.

    At the Multi Commodity Exchange, silver for delivery in far-month March was trading higher by Rs 255, or 0.62 per cent, at Rs 40,181 per kg in a business turnover of 19 lots. In a similar fashion, silver for delivery in December shot up by Rs 122, or 0.31 per cent to Rs 39,514 clocking a business turnover of 181 lots.

    (PTI)

    No change in foodgrain prices

    Chennai:  Prices of all commodities remain unchanged in the wholesale foodgrain market here today.         

    Following are the wholesale rates of various agri-commodities (rates in rupees per quintal, unless stated otherwise): Thoor Dal Rs 6,900, Urad Dal Rs 6,700, Moong Dal   Rs 6,900, Gram Dal Rs 6,000, Sugar Rs 4,000, Wheat Rs 2,600, Maida (90 kg) Rs 2,600 and Sooji (90 kg) Rs 3,200.

    (PTI)

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