Core sector output fell a record 5.2 per cent in September, with production by seven of the eight industries declining. The numbers point to slow economic growth in the second quarter of this fiscal year too. Data by the commerce and industry ministry showed production in coal, crude oil, natural gas, refinery products, steel, cement, and electricity declined in September. Coal contracted the steepest by 20.5 per cent. Some economists say contraction at this rate has not been witnessed since at least 2005 and indicates the severity of industrial slowdown.

At the Hindustan Times Leadership Summit&nbsp;Kumar Mangalam Birla&nbsp;said the company would shut down if it didn't receive support from the government.&nbsp;
The news sent the stock sharply lower and comes on the back of a 40% hike in tariffs that was announced by the company earlier this month.&nbsp;
Vodafone&nbsp;Idea has been struggling financially and got a setback in the recent Supreme Court AGR ruling.&nbsp;

&nbsp;Indian banks are likely to take significantly more loan write-offs to reduce bad loans, against a backdrop of rising provisions and weak recovery prospects.&nbsp;
Fitch Ratings said&nbsp; state-owned banks account for around 90 percent of impaired loan stock, and have cumulatively written off nearly 30 billion dollars in bad loans, in the past three years.
The ratings agency believes FY20 has been characterized by overall weaker loan growth&nbsp; and slow resolution of legacy impaired loans.&nbsp;

Funds swindled by&nbsp;&nbsp;Nirav Modi&nbsp;could be much higher than earlier estimates.
Reports indicate&nbsp;the forensic examination of the multi-billion-dollar fraud that hit Punjab&nbsp;National&nbsp;Bank last year, could be much higher if&nbsp;all related records and value of loans taken by him are considered.&nbsp;
Nirav&nbsp;Modi&nbsp;was declared a fugitive economic offender. The declaration will lead to all his&nbsp;assets being attached.&nbsp;

The panel for shoring up what has been a slow goods and services tax&nbsp;collection, could be examining slab restructuring.&nbsp;
Part of the changes may include increasing the 5 per cent rate to 6 per cent to begin with &mdash; a move that can result in additional revenues of Rs 1,000 crore per month. The 5 per cent slab covers essential commodities like basic clothing, footwear, and food items.
The panel is also looking at bringing under GST, items like foodgrains that faced either value-added tax or purchase tax. &nbsp;
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The&nbsp;Ujjivan&nbsp;Small Finance Bank IPO saw 170x demand over the number of shares on offer.
Ujjivan SFB is a wholly owned subsidiary of Ujjivan Financial Services and the&nbsp;price band for the issue was Rs 36-Rs 37 per share.&nbsp;
Market players feel an encouraging listing day performance by new listings like&nbsp;IRCTC and CSB Bank have attracted investors .
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The board of&nbsp;Bharti Airtel&nbsp;has approved a plan to raise up to $3 billion via the debt and equity route.
Of the total amount,&nbsp;$2 billion will be raised via a qualified institutional placement&nbsp; or&nbsp;QIP. The remaining amount may be raised through the issuance of&nbsp;&nbsp;foreign currency convertible bonds&nbsp;&nbsp;or other similar security denominated in foreign currencies.&nbsp;
The stock was trading with losses .&nbsp;

Reliance Jio Infocomm&nbsp;revealed its new tariffs of its &lsquo;All in One&rsquo; plans with unlimited voice and data services.
The new tariffs range from Rs 199 a month to Rs 2,199 for one year.
The new rates will come into effect from the 6th of December .&nbsp;Jio's new tariff plans have been kept at a differential of Rs 50 from most of the incumbents' tariff plans, effectively keeping Jio's plans almost 25 per cent cheaper.
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The committee of creditors&nbsp;will meet soon to discuss Bharti Airtel&rsquo;s offer to pay Rs 3,000 crore for &nbsp;Reliance Communications&nbsp;, Reliance Telecom, and&nbsp;Reliance Infratel.&nbsp;
All three Anil&nbsp;Ambani&nbsp;firms&nbsp;are undergoing the insolvency process.
News reports indicate&nbsp;Airtel has offered about Rs 1,050 crore for RCom and Reliance Telecom&nbsp;and&nbsp;Rs 1,900 crore for&nbsp;Reliance Infratel.
Meanwhile,&nbsp;Reliance Jio has reportedly offered Rs 3,600 crore within 60 days to buy Reliance Infratel.

India's services sector seemed to bounce back to growth in November, expanding at its fastest pace in four months.&nbsp;
The Nikkei Purchasing Managers' Index rose to 52.7 last month from 49.2 in October, above the 50-mark separating contraction from growth on a monthly basis.
Growth was apparently driven by a strong pick-up in new business.&nbsp;

The Centre may sell minority stakes in half-a-dozen central public sector enterprises , including&nbsp;Coal India&nbsp;and&nbsp;Cochin Shipyard&nbsp;via the offer for sale or&nbsp;OFS&nbsp;route.
Other firms could include&nbsp;Hindustan Aeronautics,&nbsp;Bharat Dynamics,&nbsp;Mishra Dhatu Nigam&nbsp;and Garden Reach &amp; Shipbuilder Engineers.
Finance minister Nirmala Sitharam has reportedly given &lsquo;in-principle&rsquo; approval for these issues.&nbsp;
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The cabinet today gave&nbsp;approval for the creation and launch of an umbrella bond ETF proposal.
The aim of the bond ETF&nbsp;is&nbsp;to diversify the investor base and help the government, corporates and individual investors&nbsp;raise capital from the debt market.&nbsp;
Through this, investors can &nbsp;buy bonds for government organisations. Units will not be valued more than Rs 1,000 each.&nbsp;
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Telecom operators have proposed for the sector regulator TRAI to fix a minimum price for mobile internet, as no company is in a position to decide on it themselves, due to fierce competition in the market.&nbsp;
The statement was made by&nbsp;industry body COAI&nbsp;.&nbsp;However, private telecom operators want call rates to continue to remain unregulated
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CSB Bank had a strong debut on the&nbsp;bourses, opening at Rupees 304 per share, a big premium&nbsp;over its final issue price of Rs 195 per share.&nbsp;
The issue had seen strong subscription from all kinds of investors.
CSB Bank is one of the oldest private sector banks in India with a&nbsp; strong base in southern India. The bank&nbsp;has seen a turnaround at the bottomline level in the first half of FY20.

&nbsp;Wall Street brokerage Goldman Sachs has joined peers in sharply slashing growth estimate, but has predicted an 8.5 percent gains in equity indices next year despite elevated valuations.
The brokerage attributed the evident dichotomy between GDP growth estimates and the benchmark target to the easy monetary policy that the central bank has been pursuing since the beginning of the year.&nbsp;
Goldman Sachs expects the Nifty to scale the 13,000-mark by December 2020.

The Union finance ministry&nbsp; said that global ratings agency Standard and Poor&rsquo;s&nbsp;had reaffirmed India's sovereign credit rating&nbsp; at BBB- and maintained its outlook at &ldquo;stable&rdquo;.
This comes less than a month after Moody&rsquo;s downgraded India&rsquo;s outlook to &ldquo;negative&rdquo; from &ldquo;stable&rdquo;.
However,&nbsp;S&amp;P&rsquo;s Indian subsidiary, confirmed that while a research note on India&rsquo;s sovereign ratings was expected, it had not been released as yet.

The government's decision on disinvestment faced renewed resistance from Swadeshi Jagran Manch&nbsp;or SJM,&nbsp;an economic think tank affiliated to the RSS.
SJM&nbsp;has said the proposed strategic disinvestment of public sector companies was an &ldquo;imprudent business decision&rdquo; and &ldquo;against national interest&rdquo;.
On the strategic sale in BPCL, it said,&nbsp; "There are rumours that the Saudi Aramco is eyeing these assets. This is not only unacceptable but also dangerous."&nbsp;
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The Business Standard reports that Indian and foreign airlines, private equity funds, and high net worth individuals have shown interest in acquiring Air India.&nbsp;
The names of interested parties include&nbsp;IndiGo, Vistara,&nbsp;AirAsia&nbsp;and&nbsp;major global airlines like International Airlines Group which owns British Airways.&nbsp;&nbsp;
Sovereign and private global funds such as Temasek, KKR, and Warburg Pincus&nbsp;also attended roadshows&nbsp;organised for Air India's sale.&nbsp;

Yes Bank's&nbsp; board has decided to raise nearly 2 billion dollars. The bank said it is in discussion with the family office of Erwin Singh Braich&nbsp;and&nbsp;SPGP Holdings who have shown strong interest to invest 1.2 billion dollars in the bank.
The rest will be bought by private equity investors&nbsp;Citax Holdings and Citax Investment Group.&nbsp;
However, none of the investors will be allotted equity shares such that their holding exceeds 25% of the share capital of the bank.
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Markets came off from their opening highs as broad based weakness quickly set in to trade. Auto, pharma and IT stocks all traded with losses even as Reliance and Bharti&nbsp;held in the green.&nbsp;
The midcap&nbsp;index was down close to a percent.

The National Stock Exchange has suspended Karvy&nbsp;stockbroking&nbsp;due to non compliance with&nbsp;NSE's regulatory provisions.&nbsp;
The ban comes into effect from today and applies to segments like the capital market, futures and options, currency derivatives&nbsp;and the mutual fund service system.&nbsp;

Core sector output contracts 5.2%, GDP growth in peril

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