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Tuesday, 24 October 2017

24 October 2017 News

24th October 2K17

Economic Times

Ø  RCom-Sistema Shyam merger gets DoT approval
Ø  UK fines Merrill Lynch £34.5 mn for unreported deals
Ø  SC orders refund of principal to Supertech home buyers
Ø  K'taka bans pillion on 2 wheelers below 100 cc capacity
Ø  JioPhone reportedly explodes; Co says it's sabotage
Ø  Reliance MF IPO sees big anchor investors demand

Business Standard

Ø  MNCs lobby against price cuts of stents & knee implants 
Ø  Coal ministry rejects Nalco's claim of fuel supply shortage
Ø  Weak steel market to delay Mesco-Posco Finex deal
Ø  Reliance Industries' m-cap gets nearer to Rs 6 lakh cr
Ø  Real estate companies are now relying on Rera to woo buyers
Ø  'Govt plan may bring non-essential drugs under price control'
Ø  Exporters can claim refund this week for GST paid in Aug, Sept

Business Line

Ø  Kharif crops in good condition; not hit by rains: Pattanayak
Ø  World energy bodies caution India on wind projects
Ø  Solar costs to fall further, powering global demand: Irena
Ø  Lenders to exit IVRCL debt restructure mechanism 
Ø  Govt’s rice procurement rises marginally to 69.89 LT so far 

Mint

Ø  US delegation visits UP to assess investment potential
Ø  Bharat-22 ETF likely to be launched in November
Ø  India Post Payments Bank appoints Vodafone M-Pesa’s Suresh Sethi as MD, CEO
Ø  IEX shares close 1.43% lower on stock market debut
Ø  Rel Jio’s tariff hike suggests worst may be over for telcos
Ø  Havells India Q2 profit at Rs171 crore
Ø  Indiabulls Housing Finance Q2 net rises 24% to Rs852 cr

Financial Express

Ø  Fiscal deficit of 3.2% seems not difficult in FY18, says report
Ø  331 infra projects see cost overrun of Rs 1.72 lakh cr
Ø  Government will achieve fiscal deficit and disinvestment targets in FY18: SBI report
Ø  Air India eyes sale of scrapped engine parts
Ø  BHEL starts execution of Rs 20,400 crore Yadadri thermal power plant in Telangana

Financial Chronicle

Ø  Non-life insurance industry is poised for great growth
Ø  Hindustan Zinc Q2 net profit rises 34% on metal rally
Ø  Solar panel costs to fall by 60% in 10 years
Ø  Sebi disposes of proceedings against NDTV promoters
Ø  Unitech’s Sanjay Chandra asked to deposit Rs 1,000 cr