Morning News from India - November 1, 2018 Tweet01 Nov 2018
Markets & Economy
- Sensex, Nifty end flat; IT, pharma stocks drag (Livemint)
- Urjit Patel: the yes-man who finally said no to Indian PM Modi (Financial Times)
Although the RBI enjoys functional autonomy, New Delhi can order the central bank to do its bidding under Article 7 of the colonial-era RBI act, which permits the government to issue instructions that it “may consider necessary in the public interest”.
Analysts said it was New Delhi’s threat to invoke Article 7 — never used since India’s independence — that led Viral Acharya, deputy governor of the RBI, to warn of the “potentially catastrophic” effect of the government’s intensifying efforts to influence central bank policy.
- In U.S.-India Trade, Trump Sees Only Harley-Davidson (New York Times) - HOG
- Flipkart acquisition won’t hit Walmart India plans (Economic Times) - WMT
- How Amazon Is Making Inroads in India (Motely Fool)
- Xiaomi can’t beat Apple in India even after selling 10 times more phones (Quartz India)
- WhatsApp India formed, to begin operations soon (Livemint) - FB
US listed Indian Companies
- Q2 Results: HDFC’s Profit Meets Estimates (Bloomberg Quint) - HDB
- Yatra’s quarterly earnings (Yatra IR) - YTRA
- Tata Motors Gains On JLR Turnaround Plan, Brokerages Cautious (Bloomberg Quint) - TTM
- Jaguar Land Rover Needs to Get Out of This Rut (Bloomberg Quint) - TTM