TOP NEWS

The NCLAT on Thursday denied any interim relief to McDonald's divided partner Vikram Bakshi.
Non-payment of royalties and compliances were cited as the primary issues for the non-renewal
of licences. This has impacted a workforce of 6500 and will lead to a closure of 169 stores.

On Thursday, the ECB decided to hold fire on strong economic prospects and leave its
benchmark interest rate unchanged. ECB staff now see inflation at 1.2 percent in 2018 and 1.5
percent in 2019, well below the goal of just below 2 percent.

Indigo buying a stake in Jet if the Air India deal fails, made headlines. IndiGo dominates the
Indian skies with 40 percent market share. Jet is the second largest player in both domestic and
international market and has an 18.3-percent share in domestic and 38.6-percent in
international markets.

Eicher Motors to make USD 1.8 billion-2 billion bid for Ducati.

Dixon Technologies and Bharat Road Network to come up with IPOs this week with a price
band of Rs 1,760-1,766 and Rs 195-205 per share respectively.

DBS Bank, Singapores largest lender with $355 billion in assets, has received in-principle
authorisation from Reserve Bank of India (RBI) to start a local banking subsidiary

Nifty formed a spinning top candle stick on Thursday. This type of candle stick depicts
indecisiveness in the markets. The index would continue to trade flat unless we see fresh
breakouts.