The govt has clarified saying there is no Gold amnesty scheme under consideration of Income Tax Department as being reported in media, adding that with the budget process is on, these speculative reports do appear. Reports indicated that the government is preparing to announce an amnesty scheme for gold, in order to curb black money. Reports even gave details of the scheme quoting sources, that gold without receipt will have to be disclosed to the government and a tax would be payable based on the rate set by the government. The Gold Amnesty Scheme had been proposed by Niti Aayog recently but was rejected by the Income Tax Department.

Yes bank&rsquo;s board is likely to reject Canadian industrialist Erwin Singh Braich's $1.2 billion bid at its&nbsp; meeting on Tuesday.
Reports indicate Yes Bank is now&nbsp; talking to institutional investors about making up the shortfall in it's $2 billion fundraising plans.
The offer from Braich and Hong Kong-based SPGP Holdings that is backed by him was expected to make up a bulk of Yes Bank's&nbsp;&nbsp;fundraising&nbsp;.
&nbsp;

Hero MotoCorp&nbsp;says it will increase the price of its motorcycles and scooters from January next year.
The price increase across its range of two-wheelers will be up to Rs 2,000, although the exact quantum of the increase will vary on the basis of the model and the specific market.
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Equity mutual fund schemes recorded the worst inflows in three and a half years . At Rs 1,311 crore&nbsp;, collections were&nbsp; 78 per cent lower than October.
Contribution through systematic investment plans or&nbsp;SIPs&nbsp; grew marginally to Rs 8,272 crore&nbsp;.
Analysts feel investors are feeling nervous about the market which is why redemptions&nbsp;were&nbsp;&nbsp;47 per cent higher than the previous month.
&nbsp;

The Bharat Bond ETF&nbsp;will open from the 12th of December till the 20th . The issue has received a nod from&nbsp;SEBI.
Bharat Bond's offer size will be Rs 7,000 crore with a likely greenshoe option of Rs 8,000 crore. The bond will invest in 3 and 10 year securities.
Firms&nbsp;like NHAI, NHPC, REC&nbsp;etc are likely to borrow via the ETF.&nbsp;

Maruti increased its production in November by 4.33 per cent, after having reduced output for nine straight months due to lower demand.
Maruti's&nbsp; production rose to 1.41 lakh units vs 1.35 lakh units and production of utility vehicles such as the Vitara Brezza, XL6 and Ertiga increased 18% &nbsp;to 27,187 units in November.
&nbsp;

Telecom operator&nbsp;Reliance Jio&nbsp;has claimed that it is offering five times more free outgoing calls limit on other networks than an average customer requires, and they are unlikely to pay for the calls.
The Jio&nbsp;team also&nbsp;added that its new plans offer&nbsp;up to 25 per cent more value than that of rivals.
The reaction comes&nbsp;&nbsp;after&nbsp;Bharti Airtel&nbsp;and&nbsp;Vodafone Idea&nbsp;removed the cap on outgoing calls limit outside their network.&nbsp;

State Bank of&nbsp;India has cut it's lending rates by 10 basis points across all tenors. This is effective from the 10th of December.
This is the 8th consecutive cut by SBI&nbsp;this year in MCLR&nbsp;or Marginal Cost of Fund based Lending&nbsp;Rate . The one year MCLR&nbsp;now stands at 7.90%.&nbsp;

Vodafone Idea continued to see some selling pressure over comments from chairman Kumar Mangalam Birla and a series of downgrades from credit ratings agencies.
On Friday, KM Birla had said that the company may have to shut if there's no relief on statutory dues that the telco has to pay by January-end.
Last week, Brickwork Ratings downgraded the stock's sovereign rating to 'BBB-' from 'A-' earlier.
&nbsp;

Reliance Industries&nbsp;is reportedly in negotiations with three top banks for a ₹5,000 crore long-term loan facility. The loan is meant&nbsp;to fund its acquisition of textile company Alok Industries in a bankruptcy takeover.
The Economic Times reports that Reliance&nbsp; is in negotiations with SBI, HDFC Bank and ICICI Bank for the loan.&nbsp;

&nbsp;India's real GDP growth this year is expected to be slightly below 5 percent, as the impact of stimulus measures will take time to filter through to the economy.
IHS Markit has said the latest GDP data showed significant further moderation in the pace of economic growth with a key contributory factor being a slump in manufacturing output.
The report also pointed to a&nbsp;high level of non-performing loans on the balance sheets of the public sector banks.&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;

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;

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;
&nbsp;

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 .
&nbsp;

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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Govt clarifies: No gold amnesty scheme, reports speculative

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