28th October 2K17
Economic Times
Ø P&W engine snags land IndiGo, GoAir planes in trouble
Ø Bezos passes Gates to be the world's richest person
Ø Ashok Leyland to invest 400-500 crore on EVs
Ø India pips US to become 2nd-largest smartphone market
Ø Coca-Cola may have finally found the formula to beat low single-digit growth in India
Ø Harley-Davidson and Triumph have a desi challenger, but it's not Royal Enfield
Ø Railways opens door to private steelmakers
Business Standard
Ø SBI asks Odisha to take equity in Bhushan Steel
Ø Lenders prefer sectoral guidelines for choosing buyers in insolvency sales
Ø EY, Rothschild and Cyril Amarchand to advise on Air India privatization
Ø Tata Sons to put Rs 30,000 cr into Tata Teleservices
Ø ICICI Bank Q2 net falls 34% to Rs 2,058 cr but bad loans stabilize
Ø ITC profit rises in line with forecast, up 5.6%; cigarettes hit by high tax
Ø Maruti Suzuki profit, hit by low non-operating income, rises 3%
Business Line
Ø Slippages down, but weak earnings drag ICICI Bank
Ø Vedanta, Adani may bid for $9 bln Indian diamond mine left by Rio
Ø As the door closes on H-1B, Indians turn to EB-5 for a ticket to the American dream
Ø Online hospitality company OYO checks out of ZO Rooms-buy deal
Ø ‘H-1B is an important but small issue in India-US trade’
Ø Mutual funds growing at rate of 15 percent: Kotak Mutual Fund
Mint
Ø ICICI Bank now awaits RBI litmus test on bad loan divergence
Ø Shoppers Stop Q2: margins up but sales disappoint
Ø ICICI Bank Q2 profit down 34% to Rs2,058 crore, bad loans stable
Ø ITC Q2 profit hit by tax increase on cigarettes
Ø Dassault to invest €100 million in joint venture with Reliance Group
Financial Express
Ø E-commerce firms Flipkart, Amazon, others saw highest ever monthly sales of $3.2 bn; 45 pct higher than last year
Ø ICICI Bank NPAs stay stable even as profit plunges 30 pct in Q2
Ø Reliance, Dassault lay foundation stone for Rs 6,500 cr Dhirubhai Ambani Space Park in Nagpur
Ø Climate change on earth could be far worse than calculated
Ø Telecom industry going through stress, but it is temporary: Aruna Sundararajan
Financial Chronicle
Ø ICICI Bank’s Q2 profit plunges by 34% to Rs 2,058 cr
Ø Capital infusion will boost market sentiment
Ø Under Trump plan, refugees from 11 countries face additional US barriers
Ø PSU oil marketers profit seen soaring on higher GRM
