Briefing 08.02.2018

• RBI reduces benchmark lending rate by 0.25%.  Currently repo rate is at 6.5%
• Falling inflation provided head room for reduction in lending rate - Projected inflation 2.4% during January-March and 3.2%-3.4% per cent during April-September.
• RBI projects GDP growth at 7.4% in 2019-20
• GST collection exceed Rs.100,000 crore in January 2019
• Tata motors report Rs.26,961 crore Q3 loss on one time loss from asset impairment at JLR
• Change in CEO at Cognizant
• Jet airways get a second tranche of funding by selling tickets in advance to Jet Privilege Programme (JPP).  JPP is majority owned by Ethihad Airways
• Bank of England projects lower growth rate of 1.2% for UK economy from 1.7% primarily due to Brexit concerns and global slow down
• Twitter shares lost 10% as revenue targets fall short of expectations.