Wednesday, 1 November 2017

01 November 2017 News

1st November 2K17

Economic Times

Ø  Jaitley vows more reforms to break into top 50
Ø  Jump in ease of doing biz to get India more FDI
Ø  Bank credit to all major sectors continues to slow down
Ø  Airtel's Q2 net profit goes down by a whopping 64% 
Ø  BoE sees up to 75,000 finance job losses after Brexit
Ø  IMF tells Gulf states to speed up switch from oil
Ø  SC lays down norms for accident claim computation 

Business Standard

Ø  India breaks into top 100 club in ease of doing business
Ø  SBI cuts lending rates first time in 10 months, by 5 bps
Ø  Banks seek more clarity on RCom's debt recast plan
Ø  NTT DoCoMo receives $1.2 bn as arbitration award from Tata Sons
Ø  Escorts Ltd Q2 net profit up 148% to Rs 78 cr riding on robust sales
Ø  Mphasis eyes $1 bn revenue mark,tap digital opportunities
 
Business Line

Ø  IRB InvIT Fund declares 2nd distribution for FY18
Ø  Fiscal deficit touches 91.3% of full-year target between April-Sept 2017
Ø  Decline in installation cost to drive growth of renewables: Fitch
Ø  HDFC Standard Life promoters to dilute 14.92% stake
Ø  Dabur India posts Rs 363 cr net profit; board declares 125% interim dividend 

Mint

Ø  IDBI Bank reports 4th straight quarterly loss, gross NPAs rise to 25%
Ø  Dr. Reddy’s Q2 net profit falls to Rs305 crore, beats estimates
Ø  Goldman Sachs sees rate hike soon as India bank rescue to spur growth
Ø  Mahindra Logistics IPO subscribed 48% so far on first day
Ø  Bitcoin futures could open to floodgates of institutional money
 

Financial Express

Ø  Core sector growth hits 6 month high of 5.2% in September
Ø  RCEP trade ministers may take stock in Manila in mid-Nov
Ø  Trade between India, Italy can go beyond current $8.8 billion: Modi
Ø  Compensation from Pratt & Whitney, Airbus has IndiGo net soaring fourfold
Ø  HPCL to acquire MRPL in share-swap deal

Financial Chronicle

Ø  Govt clears mega project to acquire 111 helicopters for Navy
Ø  Sensex feels the chill, logs first fall in seven sessions
Ø  Car sales to grow by 9-10% in FY18
Ø  Farm crisis looms large as farmers sell crops below support prices
Ø  IndiGo Q2 profit jumps four-fold, beats estimates