17th October 2K18
Economic Times
Ø Pradhan says govt does not interfere in fuel pricing
Ø Amazon in talks with Biyani's Future to buy stake
Ø Uber valued at up to $120 billion in IPO proposal
Ø Hero Moto Q2 profit drops 3% to Rs 976 crore
Ø Walmart says USD 16-bn Flipkart deal to hit earnings
Ø Ajay Piramal eyes $1 bn in pharma arm sale
Business Standard
Ø India to benefit from US-China tussle: EPCH
Ø Infosys beats estimates, Q2 net profit rises 10.3% to Rs 41 bn
Ø RIL eyes large stake in Hathway Cable, Den Networks to boost broadband play
Ø India may get waiver from US sanctions on Iran oil exports this month: MRPL
Ø CVC share report on top 100 bank frauds with RBI, ED & CBI
Ø Investment in India via P-notes hits 9 year low of Rs 795.48 bn in Sept
Business Line
Ø India will add 8.5-GW renewable energy in FY19, says ICRA
Ø Agri focus, rising mechanisation will boost tractor market’
Ø NCLT reserves order on liquidation of Unity Infra
Ø GVK to amalgamate GVKADL with BAIDL
Ø Govt hikes GPF interest rate to 8% for Oct-Dec quarter
Ø Greece invites Indian companies to explore biz opportunities
Mint
Ø Edelweiss-backed fund buys Essel Infra’s power assets for ₹6,000 cr
Ø Ola’s Foodpanda buys Holachef, looks to enter cloud kitchens
Ø Climate change is threatening world’s beer supply
Ø IndusInd Bank’s Q2 results show a peek into the IL&FS booby trap
Ø Volvo warns some vehicle engines may exceed emission limits
Ø Prime Venture leads ₹65 crore funding round in myGate
Financial Express
Ø NIIF to invest Rs 660 cr in HDFC Capital realty platform to fund housing projects
Ø India's steel demand expected to move back to higher growth track, says worldsteel
Ø Insurer Anthem will pay record $16 mllion for massive data breach
Ø Nokia, BSNL announce partnership to introduce 5G in India
Financial Chronicle
Ø Infrastructure spending in rural areas on a steady path
Ø ArcelorMittal offers Rs 4,554 cr to settle Galva, Petron dues against Rs 7K cr put in escrow
Ø RBI guidelines on mobile wallet payments out
Ø Tata Steel to match JSW bid for Bhushan Power
17.10.18 Economic News
👉The Reserve Bank of India on Tuesday laid out guidelines that would allow for seamless payments between different mobile wallets, in a move that could further boost the use of digital payments in the country.
👉The Gujarat High Court has issued the notice to Centre and GST Council on a petition challenging the provisions of Central Goods and Services Tax (CGST) Act, seeking interest for delayed IGST Refunds
👉Prime Minister Narendra Modi has urged oil suppliers to review payment terms to give temporary relief to the rupee, which has fallen sharply in recent months.
👉Central Vigilance Commission has completed a first-of-its-kind analysis of the top 100 banking frauds, including those in the jewellery and aviation sectors, and shared its findings with the RBI, the ED and the CBI The analysis focused on the methods used, amount involved, type of lending (consortium or individual), anomalies observed and loopholes that led to the frauds, along with recommendations to plug the gaps in the system
👉The Ministry of Corporate Affairs (MCA) has ordered a probe by the Serious Fraud Investigation Office(SFIO) into allegations of suspected audit and financial fraud running into Rs 7,500 crore by the city-based Ramky Infrastructure Limited after the Registrar of Companies, Ranchi, flagged the issue.
👉Leading foreign bank to drag Kwality to NCLT over Rs 12 billion default.
