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Saturday, 21 October 2017

21 October 2017 Updates

21st October 2K17

Economic Times

Ø GST: Banks, insurers to issue single monthly invoices
Ø Global steel giant ArcelorMittal joins race to acquire troubled Bhushan Steel
Ø Govt allows banks to sell more small savings schemes
Ø Sales growth still behind historic levels: Unilever
Ø GMR Hyderabad Airport to raise $350 mn global bonds
Ø Nissan to suspend production of cars for Japan
Ø 'India's reserves sufficient to cushion against external woes'

Business Standard

Ø Mahindra Rural HFC to disburse higher-ticket affordable loans
Ø Govt frames valuation rules for unlisted firms
Ø Now, govt allows most banks to accept deposits under small savings schemes
Ø Taxpayers get relief for income mismatch
Ø Lyft is said to explore IPO as it raises $1 bn
Ø Apple hit with trademark lawsuit over iPhone X 'animoji' feature

Business Line

Ø Sensex closes down 25 points at 32,584, Nifty off record highs
Ø Govt imposes curbs on gold import by 4, 5-star export houses
Ø UltraTech Cement Q2 net falls 31% on higher expenses
Ø Government taking steps to curb coal shortage
Ø Wipro shares gain over 3% after Sept quarter results
Ø Rupee closes marginally lower by 2 paise at 65.04

Mint

Ø Reliance Jio tariff hiked: 84-day 4G plan now costs Rs459
Ø Diwali Muhurat trading from 6.30pm to 7.30pm on 19 October
Ø UltraTech Cement: surging fuel cost remains a worry
Ø Unitech plans to sell 6 land parcels to tide over crisis
Ø BP Plc working with Reliance Industries to start petrol pumps

Financial Express

Ø Tata Teleservices Maharashtra Board clears Rs 20,000 cr in fundraising
Ø Amazon, Flipkart to give much-needed boost to consumer electronics after it suffered demonetization, GST blows
Ø Gandhian concept of Ram Rajya can be realized with IT: Sam Pitroda
Ø PM Narendra Modi asks bureaucrats to break silos to speed up work
Ø RBI highlighted economic growth likely to improve in second half of fiscal: MPC Minutes

Financial Chronicle

Ø Telcos may get financial relief by Dec
Ø New norms may choke China imports
Ø Brokerages see consumption stocks doing well in new year
Ø IPO market on roll with Rs 39K crore raised in FY18
Ø More non-life insurers to take IPO route for capital needs