Wednesday, October 23, 2019

Daily news 24th Oct



Business Standard

Ø  Govt unveils revival plan for BSNL, MTNL
Ø  Centre opens up fuel retailing to non-oil companies
Ø  Hard Brexit an opportunity to Indian IT cos: Expert
Ø  India's banking sector stare at a bigger crisis
Ø  Tata Steel subsidiary bags second chrome mine after Misrilall in e-auction in Odisha
Ø  IMF sees Indian economic growth rebounding to 7%
Ø  L&T bags HPCL's order worth over Rs 7,000 cr



Ø  Mauritius' regulator red-flags removal of investment status by Sebi
Ø  Govt relaxes fuel retailing norms, private firms can set up petrol pumps
Ø  Cabinet raises support price by Rs 85 a qtl for wheat, Rs 325 for pulses
Ø  Indian Bank pre-tax profit up three-fold to Rs 593 cr; net NPA pared
Ø  Sebi starts probe into whistleblower's complaint against Infosys management
Ø  P-note investments dip for fourth straight month in Sept at Rs 76,611 cr


Mint
Ø  Hero MotoCorp second quarter profit slips 10% to ₹875 crore
Ø  Essar Ports overall cargo handling rises 20% in H1
Ø  Lemon Tree to complete Keys Hotels buy by Dec
Ø  IRB Infrastructure reports 16% rise in net profit
Ø  Torrent Pharma Q2 standalone profit jumps 18%
Ø  Havells Q2 net profit flat at Rs 179.51 cr


Ø  Biocon posts 39% fall in net profit Q2 even as biologics business booms
Ø  Investments via P-notes fall for fourth month in a row, stand at ₹76,611 cr
Ø  Tobacco labs to undertake research on product constituents
Ø  India unlikely to benefit from US-China trade tensions: EIU
Ø  JSW Steel sees net profit rise on deferred tax reversals

Deccan Chronicle
Ø  Risk of contagion in financial sector rising: S&P Global Ratings
Ø  HCL Tech Q2 net profit up 6.9 per cent to Rs 2,711 crore, announces bonus shares
Ø  Reliance Jio beats Airtel, Vodafone Idea in September 4G download speed chart: Trai data
Ø  Indian cotton industry hit by high prices; traders ask for relief
Ø  DLF gets Leed platinum green certification from USGBC for ‘Mall of India’


Ø  Indian external storage market valued at USD 101.8 million shows new data
Ø  Rupee inches up 3 paise to 70.91 versus USD
Ø  Sensex closes 95 points higher; Nifty settles above 11,600
Ø  EU moves towards Brexit delay as MPs reject Johnson's timetable to rush legislation

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