Daily News Forum

14th November 2015

Finance News
Downward momentum in stocks likely to
continue; WPI data key
Downward momentum in the stock market is
likely to continue for some more time and trading
sentiment would be further guided by
announcement of wholesale inflation data
tomorrow, say experts. Market sentiment may
also take a hit in view of terror attacks in Paris
Friday night, they added. "Markets to look out
for external cues as the domestic result season is
over for now. Hopes of a liftoff in the US interest
rates and the after effects will make markets
oscillate with a downward bias. "Market
movement may depend upon trend in global
markets, investment by foreign investors,
movement of rupee against the dollar and WPI
data to be announced on November 16. Fed's
decision on interest rate will act as major trigger
for the Indian market," said Vivek Gupta, CMT Director Research, CapitalVia Global Research
Limited. Indian economy is still not out of the
woods as industrial production slackened to a
four-month low of 3.6 per cent while retail
inflation inched up to 5 percent.
URL:

http://economictimes.indiatimes.com/market
s/stocks/news/downward-momentum-instocks-likely-to-continue-wpi-datakey/articleshow/49789855.cms
PE investments in India touch $14 billion till
October: Thornton
Private equity investment in India till October this
year soared close to $ 14 billion, registering a
steady growth over last year but the average
deal size has come down, says a report by Grant
Thornton. According to the assurance, tax and
advisory firm, there were 863 private equity
deals worth $ 13.83 billion during January-

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October period, as against 497 such transactions

worth $ 10 billion in the same period a year ago.
The sharp rise in PE transactions was largely
driven by sectors like IT & ITES, energy & natural
resources, manufacturing, banking & financial
services, telecom and pharma, which attracted
large investments. Meanwhile, the October
private equity deal tally saw a 73 per cent rise in
investment volumes, but values declined by 40
per cent due to shrinking size. Global private
equity firm General Atlantic Singapore Fund's 22
per cent stake acquisition in IIFL Wealth
Management, the wealth management subsidiary
of IIFL Holdings, for $ 173 million, was the other
major deal during October. The report noted that
the outlook for deal activity looks bullish going
forward.
URL:

http://economictimes.indiatimes.com/industr
y/banking/finance/finance/pe-investments-inindia-touch-14-billion-till-octoberthornton/articleshow/49788833.cms
Bank credit growth still lingers in H1 as debt
market soars
Bank credit growth continued to disappoint
during first half of the current fiscal with an
annual growth of just 8.4 per cent at Rs 62.02
trillion (Rs 62.02 lakh crore), down 20 bps, as
per Care Ratings. Debt market growth was,
however, robust with debt issuances increasing
18.6 per cent. Reflecting the lingering pain of the
manufacturing sector, which accounts for 42 per
cent of bank credit, the demand remained
negative yet again. Services come second at 23
per cent of the total and agriculture at third with
a share of 13 per cent and personal loans 20 per
cent. The sectors that saw y-o-y growth are
personal loans at Rs 12.55 trillion up 7.6 per cent
from 5.3 per cent; consumer durables at Rs 0.16
trillion up 5 per cent, but down from 11.1 per
cent and home loans at Rs 6.83 trillion, up 8.6

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per cent against 7.5 per cent. Credit cards at Rs

0.34 trillion, were up 10.7 per cent but down
from 11.1 per cent, education loans at Rs 0.67
trillion up 6.1 per cent vs 4.3 per cent auto loans
at Rs 1.33 trillion, a growth of 6.8 per cent but
down from 7.6 per cent, the agency said citing
RBI data.
URL:

http://economictimes.indiatimes.com/industr
y/banking/finance/banking/bank-creditgrowth-still-lingers-in-h1-as-debt-marketsoars/articleshow/49791716.cms
Improve credibility,
market makers

FM

ArunJaitley

to

Finance minister ArunJaitley on Saturday called

for improving the credibility and integrity of all
market participants, including regulators and
corporates, to channel more household savings
into the system. Though we have covered a
reasonable distance in terms of financial market
development, there is still a long way to go in
terms of market depth. We need to improve the
credibility and integrity of our market institutions,
the regulators, corporates and other marketmakers, to attract more retail funds into the
market, Jaitley said. Addressing an event
organised by the National Securities Depository
Limited in Mumbai, the finance minister said, It
is obviously necessary that individual savings,
either through the banking system or through the
capital markets, get into economic activity. There
is a third core sharer of those savings, which is
gold, and we are increasingly trying to persuade
people to buy as little of it as possible, Jaitley
said.
URL:

http://www.financialexpress.com/article/econ
omy/improve-credibility-fm-arun-jaitley-tomarket-makers/165731/

Global News
Obama says twisted ideology behind attack
on civilized world

President Barack Obama pledged on Sunday to

redouble U.S. efforts eliminate the Islamic State
and end the Syrian civil war that has fuelled its
rise, denouncing the extremist groups horrifying
terror spree in Paris as an attack on the civilized
world.
Opening two days of talks with world leaders in
Turkey, Mr. Obama pledging U.S. solidarity with
France in the effort to hunt down the
perpetrators and bring them to justice. He said
the skies have been darkened by the horrifying
terror spree, but offered no details about what
the U.S. or its coalition partners might do to step
up its assault against the extremist group.
The killing of innocent people, based on a
twisted ideology, is an attack not just on France,
not just on Turkey, but its an attack on the
civilized world, Mr. Obama said after meeting
with Turkish President RecepTayyipErdogan. In
addition to the Paris attacks, IS is blamed for two
bombings in Turkey this year that killed about
130 people.
URL:

http://www.thehindu.com/news/international/
obama-says-twisted-ideology-behind-attackon-civilized-world/article7880591.ece
Malaysia to tighten security for ASEAN
summit
"It's an act of war committed by a terrorist army,
Daech (Islamic State), a jihadist army," French
PresidentFrancois Hollande said on Saturday. "It
is an act of war prepared, organized, planned
from outside and with internal complicities that
the investigation will confirm," Hollande said. "It
is an act of absolute barbarism," Xinhua quoted
him as saying. Given the severity of the Friday
night terror attacks in Paris that left 127 people
dead, Hollande announced a three-days national
mourning. "The country is in sorrow, I made a
decree to extend the national mourning for three
days. Under the state of emergency, the police
and army are mobilized, and I salute their
courage," he said. The president assured that "all
security measures" will be taken.
URL:

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http://www.thehindu.com/news/international/
malaysia-to-tighten-security-for-aseansummit/article7880689.ece
4 killed in UK plane crash
All four people on board a plane, including two
women, were killed when the six-seater light
aircraft crashed in Somerset, British police
said.The plane came down near the village of
Churchinford on Saturday on its way from Surrey
to Dunkeswell aerodrome, an airfield in east
Devon, police said.Crews from the Devon and
Somerset fire and rescue service and the South
Western ambulance service joined police at the
scene. This is a very sad incident in which four
people have tragically lost their lives, said
Superintend Richard Corrigan of Avon and
Somerset police.Its too early to give any further
details about the victims, but were ensuring
specially trained officers are making contact with
their next of kin and giving them all the support
they need.Weve been working very closely with
our colleagues from the other emergency
services at the scene to make the area safe and
ensure the resulting investigation can proceed.
The Air Accidents Investigation Branch has been
informed and is deploying a team of
investigators.

loyal to the Islamic State group, who have fought

with Taliban and government forces this year.
Mr. Abdulzai says 150 IS fighters were killed or
wounded during a two-week military operation to
clear them from the Achin district. He says
checkpoints have been established to ensure they
do not return.
URL:
http://www.thehindu.com/news/international/afg
han-official-drone-strike-kills-12-taliban-insoutheast/article7880601.ece

IT News
Paris terror attacks: Top Indian IT
companies like HCL, TCS, Infosys issue
advisory to employees
Following the deadly terror attacks in Paris on
Friday night, all major Indian information
technology companies, which employ thousands
of people in France, have issued statements
about the safety of their employees and have
sent them an advisory to follow local guidelines
from authorities. Several public locations in Paris,
the capital city of France, were attacked by
gunmen and suicide bombers on Friday, killing at
least 127 people and injuring nearly 200 others.

URL:

URL:

http://www.thehindu.com/news/international/
4-killed-in-uk-plane-crash/article7880615.ece

http://economictimes.indiatimes.com/articles
how/49782211.cms?
utm_source=contentofinterest&utm_medium
=text&utm_campaign=cppst

Afghan official: Drone strike kills 12 Taliban

in southeast
An Afghan official says a drone strike killed 12
Taliban fighters in a volatile district bordering
Pakistan.AhmadZaiAbdulzai, spokesman for the
governor of Nangarhar province, said on Sunday
the dead included three Afghans and nine
foreigners, usually a reference to Pakistanis.The
strike late Saturday took place in Khogyani
district, where insurgents have been active for
months. Mr. Abdulzai says the Talibans shadow
governor for the district was among the dead.The
region is also known for the presence of fighters

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Chhattisgarh's first BPO centre comes up at

Raipur
The first Business Process Outsourcing (BPO)
centre of Chhattisgarh has come up in the state
capital of Raipur, within an year of the IT and
Electronics Policy (2014-2019) coming into force,
officials said today. The BPO centre, started by
Patra India BPO Service Private Limited, is
expected to provide employment to about 400
youths, state IT and Electronics department
Principal Secretary Aman Kumar Singh said.
URL:

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http://economictimes.indiatimes.com/articles
how/49783681.cms?
utm_source=contentofinterest&utm_medium
=text&utm_campaign=cppst
TCS to train 1,000 graduates from UK
universities
India's largest software services firm Tata
Consultancy Services today said it has partnered
British Council to train 1,000 university graduates
in the UK at its Innovation Labs and software
development centres. The announcement comes
during the UK visit of Prime Minister Narendra
Modi. Under the initiative, 1,000 British university
graduates will have the opportunity to spend a
year training and working for TCSBSE -2.96 % at
its Innovation Labs and software development
centres.
URL:

http://economictimes.indiatimes.com/articles
how/49765254.cms?
utm_source=contentofinterest&utm_medium
=text&utm_campaign=cppst

Telecom News
50 lakh Telenor customers opt for free life
insurance
Telecom operator Telenor India today said it has
issued 15 lakh free life insurance policies in
October under a life cover scheme for which over
50 lakh customers have registered themselves.
The company in September announced a free life
insurance scheme for its customers in partnership
with Shriram Life Insurance and MicroEnsure.
URL:
http://economictimes.indiatimes.com/articleshow
/49789310.cms?
utm_source=contentofinterest&utm_medium=tex
t&utm_campaign=cppst
Telecom Commission approves Trai's views
on spectrum cap

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Inter-ministerial panel Telecom Commission has

in-principle approved Trai's recommendation on
determining spectrum holding limits and sought
suggestions from the sector regulator to
implement it in future auctions. "Telecom
Commission discussed spectrum cap
recommendation of Trai and in-principle agreed
to the recommendations. It has sought
regulator's view on implementing it in future
auctions," a government official told PTI.
URL:
http://economictimes.indiatimes.com/articleshow
/49788952.cms?
utm_source=contentofinterest&utm_medium=tex
t&utm_campaign=cppst
Will resolve call drop problem at the
earliest: Vodafone
Unhappy over its own service standards,
Vodafone India has said it will resolve the call
drop problem at the earliest to provide best
experience to its customers. The company said it
is working on a war footing to improve the
network and add more sites. "We are very
unhappy at our own service standards, this is not
our usual, which we provide anywhere else in the
world. We would like to resolve this issue and
provide the best customer experience at the
earliest," Vodafone.
URL:
http://economictimes.indiatimes.com/articleshow
/49788832.cms?
utm_source=contentofinterest&utm_medium=tex
t&utm_campaign=cppst

E-Commerce News
E-wallets' business gets a boost on festive
season
Falling short of cash for the `teen patti` on Di
wali night? Try an e-wallet, a hassle-free option
that is gaining ground this festive season. It's
been a cracker of a ti me for digital wallets (or e
wallet) companies. Alibaba backed Paytm has
seen 40% growth in its P2P (person-to person)
digital wallet transfer during this festive season
The company has 100 million wallet users and
sees 75 million transactions on its plat form every

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month. Launched last July , the P2P transfer has

been a recently.

utm_source=contentofinterest&utm_medium=tex
t&utm_campaign=cppst

URL:
http://economictimes.indiatimes.com/articleshow
/49778575.cms?
utm_source=contentofinterest&utm_medium=tex
t&utm_campaign=cppst
FreeCharge refreshes app to attract new
users

How ladies are fuelling the e-commerce

boom in India

Digital payments platform FreeCharge announced

the launch of revamped app on Android with new
features which will soon be available on Windows
and iOS as well. The refreshed version is lighter
and faster to use and will provide superior user
experience. With the new version available on
android, users can now pay electricity bills,
landline and broadband bills earlier present only
on desktop and m-site in less than 10 seconds,
claims the company in a statement.

When Suchi Mukherjee decided to start a womancentric online fashion discovery business in 2012,
several investors she approached laughed her out
of the room. With a background at internet
ventures such as Skype and then Gumtree, an
eBay company, she certainly knew the market
well. Yet, potential backers couldn't fathom why
someone with Mukherjee's pedigree would chase
women consumers, who at the time constituted
under a fifth of India's online population and an
even smaller sliver of actual cost.

URL:

URL:
http://economictimes.indiatimes.com/articleshow
/49784164.cms?
utm_source=contentofinterest&utm_medium=tex
t&utm_campaign=cppst

http://economictimes.indiatimes.com/articleshow
/49768036.cms?

General News

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