Economic Times
Ø India now ranks 77 in ease of doing business (Big Positive)
Ø India certainly not 'tariff king': World Bank official (Positive)
Ø Tata Motors posts Rs 1,049 crore loss in Q2 (Neutral)
Ø Core sector growth slows down to 4.3pc in Sept (Negative)
Ø Tata reach pact with ATC; to sell 13% stake (Positive)
Ø Amrapali diverted funds through 200-250 dummy firms (Negative)
Ø Spectrum sale may net only Rs 40,000 crore (Neutral)
Business Standard
Ø Core sector growth slows down to 4-month low of 4.3% in Sept (Negative)
Ø Vedanta Q2 net profit at Rs 11.35 bn, down 43% from same period last year (Negative)
Ø Canara Bank Q2 profit rises 16% to Rs 3 bn; net interest rate grows 18% (Positive)
Ø India looks to adopt deterrent penalties in data protection law: IT Secy (Neutral, Regulatory Aspects)
Ø Reliance MF Q2 net profit up 12% to Rs 1.14 bn, revenues flat at Rs 3.91 bn (Negative)
Ø Lupin Q2 net profit drops 41.5% to Rs 2.66 bn as sales slip in US (Negative)
Business Line
Ø Tatas, TCS violated rules in ouster of Mistry: RTI (Negative)
Ø Biologics business more than doubled in Q2, says Biocon CFO (Positive)
Ø IL&FS board proposes sale of subsidiaries, capital infusion (Positive)
Ø United Spirits Q2 profit surges 69% to ₹259 crore (Positive)
Ø Adani Power posts standalone Q2 net loss (Negative)
Ø Apple’s India profit zooms 140% to ₹896 cr in FY18 (Positive)
Mint
Ø RBI autonomy essential, says govt (Positive)
Ø L&T Q2 profit rises 23% to Rs2,230 crore, beats estimate (Positive)
Ø Railways increases freight rates for coal, steel, iron ore by almost 9% (Negative for Firms using this as Raw Material)
Ø ABB India powers ahead in Q2 as portfolio rejig pays off (Positive)
Ø NIIF acquires IDFC Infrastructure Finance (Positive)
Ø Jet Airways gets payment delay notice from aircraft lessors (Negative)
Financial Express
Ø No liquidity crisis in NBFC segment: Reserve Bank of India (Positive)
Ø Amid reports of Urjit Patel resignation, FinMin says RBI's autonomy 'nurtured and respected' (Positive)
Ø China’s aversion to big bang stimulus tested by Donald Trump’s US tariffs (Neutral)
Ø Thermal Power plant addition seen slowing in FY19-23 on PPA scarcity (Neutral)
Financial Chronicle
Ø FIIs to take a Backseat over next 6-9 months (Negative)
Ø India Inc faces ‘trust deficit’ after IL&FS default, says S&P (Negative)
Ø Kotak panel seeks 2-3 quarters to lift IL&FS out of debt trap (Neutral)
Ø India will pay in Rupees for Iran oil post-US sanctions (Positive)
01.11.18 Economic News
👉The new board of Infrastructure Leasing and Financial Services (IL&FS) submitted a plan to revive the debt-laden firm to the National Company Law Tribunal (NCLT) on Wednesday, paving the way to a potential resolution of the group’s future.
👉The Enforcement Directorate on Wednesday told a Delhi court that custodial interrogation of former Union minister and Congress leader P. Chidambaram was necessary in the Aircel-Maxis money laundering case to unravel the truth as he was evasive and non-cooperative in the probe.
👉An operator working out of a single room on Gill Road in Ludhiana is suspected to have supplied fake GST bills worth Rs 100 crore to at least 100 companies in the largest trading city of Punjab, that is fast turning into a hub of tax fraud
👉The Securities and Exchange Board of India (Sebi) is planning to overhaul the role of credit rating agencies (CRAs) in the wake of the IL&FS fiasco.
👉Sebi has barred Cuttack-based Shrivallis Securities, its seven directors and promoters from dealing in capital markets till further orders after finding a "prima facie" violation of public issue norms by the company.
👉The Department of Industrial Policy and Promotion (DIPP) is working with the tax department and regulators to ease the rules and laws for startups to support budding entrepreneurs, a top government official said Wednesday.
👉PMLA court refuses to stay attachment of Vijay Mallya assetsVijay Mallya will move the Bombay high court to stop the Enforcement Directorate (ED) from attaching his properties.
