Tuesday, October 22, 2019

Daily news 23rd Oct



Business Standard

Ø  Sebi issues framework for listing of commercial paper

Ø  US law firm preparing class action suit against Infy

Ø  Audit confirms fund diversion, endgame near for DHFL

Ø  India Inc's deal activity falls in July-Sept quarter

Ø  Ujjivan Small Fin Bank gets Sebi's nod for IPO

Ø  India weighs trade curbs on Turkey, Malaysia

Ø  Sebi challenges SAT ruling in PwC-Satyam case





Ø  Banks to face capital crunch of Rs 3.5 trillion if NBFC mess drags: Fitch

Ø  RBL Bank's Q2 profit before tax plunges 67% as provisions jump three-fold

Ø  Half the world's banks are too weak to survive a downturn: McKinsey

Ø  Jio, Vodafone Idea, Airtel pay govt over Rs 4500 crore in spectrum dues

Ø  Alembic Pharma gets USFDA nod for ointment to treat various skin disease







Mint

Ø  Steel prices drop below dumping duty levels on muted demand

Ø  BSNL’s revival plan hangs in balance as FinMin bides its time

Ø  Lincoln Pharma secures patent for Diclofenac Rectal Spray

Ø  Grasim forms new joint venture for composite hollow core insulators

Ø  63 moons damage suit: Bombay HC asks Chidambaram, others to respond in 8 weeks





Ø  25 DHFL group firms with ₹1 lakh avg profit took ₹14,000  cr loans

Ø  'Reduce Centre's stake below 51%': Abhijit Banerjee's remedy to banking crisis

Ø  PMC Bank despositors' woes mount as RBI Governor abroad

Ø  Oriental Bank of Commerce posts Rs125.9 crore profit in Q2

Ø  Investors eye social e-comm startups to target new users






Deccan Chronicle

Ø  PM Modi likely to visit Saudi Arabia on October 29 for investment summit

Ø  SoftBank set to take control of WeWork with $1.7 billion payout for ousted CEO

Ø  Axis Bank posts standalone net loss of Rs 112 crore in Q2 on one-time tax impact

Ø  FMCG cos are top 10 TV advertisers amid festive season; HUL leads the pack





Ø  Kotak Mahindra Bank beats estimates; quarterly profit surges 51 per cent

Ø  Walmart chief seeks stable business environment from Modi: Report

Ø  Sensex plunges 335 points; Infosys sinks 16 per cent

Ø  Thomas Cook India in talks for buying out brand

Ø  Crude oil futures plunge on subdued global cues

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