Thursday, October 17, 2019

Daily news 18th Oct


*Business Standard*

Ø  Britain, European Union reach Brexit deal
Ø  Adani Enterprises sets up new arm for metro rail biz
Ø  DHFL reports Q2 net loss of Rs 242 crore
Ø  Adani partners Adnoc, BASF for $4 bn chemical venture
Ø  IL&FS completes wind power units sale to Orix
Ø  J&J agrees to pay about $117 mn to settle mesh probe
Ø  Govt asks PSBs to look for alternative resolution mechanism outside IBC
Ø  Cipla acquires anti-infective drug Elores from Venus Remedies
Ø  RBI's subsidiary DICGC to revamp 50-year-old deposit insurance scheme
Ø  Steel prices fell to three year low; industry awaits demand pick up
Ø  TVS Motor profit rises 21% YoY in September quarter at Rs 255 crore


*Mint*

Ø  India will soon become a gas trading hub, says Pradhan
Ø  FMCG performance in rural India worst in 7 years: Nielsen
Ø  Bhushan Power case: ED to move apex court against NCLAT order
Ø  PVR Q2 net profit soars 35 per cent
Ø  Zee Entertainment profit up 6.9%
Ø  Consumption in rural India hits a 7-year low
Ø  IMF chief Georgieva calls for reversing tariffs threatening global growth
Ø  Piyush Goyal warns action against e-commerce companies if found guilty
Ø  Indiabulls Housing Finance offers to pre-pay NCDs
Ø  India rallies 51 nations to reject US memo on special treatment


*Deccan Chronicle*

Ø  BREXIT deal sealed: India likely to benefit but Indian firms in UK must watch
Ø  China appeals to Washington for quick end to trade war
Ø  Govt probing Flipkart,Amazon for alleged discount sales
Ø  Rupa bets on modern retail for Rs 2000 crore topline by FY22
Ø  DMF funds for mineral-rich states grossly underutilised
Ø  Rupee parevs initial losses; settle 11 paise up at 71.43 against USD
Ø  Average MF ticket size, exposure per borrower continue to go up
Ø  Sensex rallies 453 points to close above 39,000-mark; Nifty tops 11,550
Ø  Real estate market sentiment decline to 2016 note ban levels

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