Thursday, October 24, 2019

Daily news 25th Oct

*Economic Times*
*Business Standard*

Ø  Fitch cuts India's FY20 GDP growth forecast to 5.5%
Ø  Voda Idea may file review petition after SC order on AGR
Ø  SC order will weaken sectoral viability, says Airtel
Ø  IndiGo reports surprise Rs 1,062 cr loss in Q2
Ø  Indian economy in transition phase: SBI Chairman
Ø  Thomas Cook India may buy Thomas Cook brand
Ø  IDFC First Bank Q2 loss widens to Rs 676 crore on one-time tax impact
Ø  ITC Q2 net profit up 37% to Rs 4,173.72 crore; net sales 6.16%
Ø  Maruti Suzuki Q2 profit dips 39% YoY to Rs 1,359 crore, revenue slips
Ø  BOJ warns of rising financial vulnerability as banks hunt for yields
Ø  Disclosures not required on whistleblower's charges: Infosys to exchange
Ø  CCI approves 4% stake buy in Aditya Birla Capital by Jomei Investments

*Business Line*
*Mint*

Ø  Commerce Ministry considers 5-year extension of income tax benefits for SEZ units
Ø  United Spirits profit declines 13% to ₹225 cr on consumption slowdown
Ø  Colgate-Palmolive Q2 net up 24% to Rs 244 cr
Ø  Aurobindo Pharma gets USFDA nod for Guaifenesin generic
Ø  DCM Shriram Q2 net dips by 30 per cent to Rs 119 cr
Ø  JSW Steel confident of getting immunity in Bhushan Power case
Ø  IBHFL moves plea in Delhi HC seeking recall of notice issued on fraud probe
Ø  India needs fresh reforms to be among top 50 nations in ease of doing biz: WB
Ø  NSE Indices launches Nifty Midcap150 Quality 50 Index
Ø  TRAI releases recommendations on KYC of DTH operators
Ø  GMR recasts debt worth ₹900 crore
Ø  India vaults to 63rd in ease of doing business rankings

*Financial Express*
*Deccan Chronicle*

Ø  Inter-ministerial group to discuss FDI policy easing on October 29
Ø  Airtel, Vodafone-Idea, others face Rs 1.4 lakh cr payout after SC order
Ø  Dharmendra Pradhan to attend Global Forum on Steel Excess Capacity in Tokyo
Ø  Gujarat oil millers expect bumper groundnut crop, spike in exports
Ø  SC allows Centre's plea to recover adjusted gross revenue of Rs 92k cr from telecos
Ø  Govt starts hiring process for National Financial Reporting Authority
Ø  Infosys woes: US SEC to probe into whistleblower allegations, Sebi seeks more info
Ø  Banks say no material impact from Supreme Court order

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