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Business Standard Top Stories

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INX Media: Delhi court allows ED to interrogate Chidambaram till October 24


The court also granted Chidambaram the permission to have home cooked food, western toilet, medicines in the ED custody

Click here to Read full Details Sources @ https://www.business-standard.com/article/current-affairs/inx-media-delhi-court-allows-ed-to-interrogate-chidambaram-till-october-24-119101701220_1.html

Netflix, Amazon face censorship threat in India as court cases grow: Report


Ministries discussing potential content regulation after allegations of obscenity.

Click here to Read full Details Sources @ https://www.business-standard.com/article/current-affairs/netflix-amazon-face-censorship-threat-in-india-as-court-cases-grow-report-119101701130_1.html

Karnataka most innovative state, Delhi tops UT segment: Niti Aayog


Sikkim topped in the North-East category, while Delhi was at the top in the UT segment

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/karnataka-tops-innovation-ranking-of-states-best-investment-destination-in-india-niti-aayog-119101701101_1.html

Stop blaming UPA for every economic crisis: Manmohan Singh responds to FM


The NDA government should have learnt from the UPA's 'mistakes', and provided 'credible solutions', Manmohan Singh said

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/you-have-had-five-years-stop-blaming-my-govt-manmohan-to-nda-119101701102_1.html

Trai to settle call ring time in 2 weeks even as telecom war gets ugly


On Jio's latest allegations that rival telcos are fraudulently masking fixed-line as mobile calls, a senior Trai official said the matter will be examined just as all complaints to the authority are

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/trai-to-finalise-views-on-call-ring-time-in-2-weeks-old-new-telcos-clash-at-open-house-119101701072_1.html

Former Religare promoters Singh brothers sent to Tihar jail till October 31


Saket district court agrees to hear bail plea of Singh brothers, others on Friday

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/former-religare-promoters-singh-brothers-sent-to-tihar-jail-till-october-31-119101700950_1.html

BSF jawan killed, 1 injured in firing along India-Bangladesh border


The trouble started when the Border Guard Bangladesh personnel held three Indian fishermen who were allowed by the BSF to fish within the International Border

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/bsf-jawan-killed-1-injured-in-firing-by-bangladeshi-troops-along-border-in-west-bengal-119101700865_1.html

TVS Motor profit rises 21% YoY in September quarter at Rs 255 crore


TVS will perform better than the industry and report good numbers, says Radhakrishnan, TVS Motor's President

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/tvs-motor-profit-rises-20-yoy-in-september-quarter-at-rs-255-crore-119101700847_1.html

Microsoft CEO Satya Nadella gets 66% raise in 2018-19, earns $42.9 million


While Nadella, 52, has a base salary of a little over $2.3 million, most of his pay came from stock awards

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/microsoft-ceo-satya-nadella-earns-usd-42-9-million-in-2018-19-fiscal-119101700743_1.html

Fugitive diamond trader Nirav Modi further remanded to custody till Nov 11


Modi has been lodged at Wandsworth prison in south-west London, one of England's most overcrowded jails

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/nirav-modi-further-remanded-in-custody-in-uk-next-videolink-hearing-on-nov-11-119101700728_1.html

Johnson announces Brexit deal; 'unhappy' Corbyn vows to vote against it


'We've got a great new deal that takes back control,' Johnson said in a tweet

Click here to Read full Details Sources @ https://www.business-standard.com/article/international/johnson-announces-brexit-deal-urges-lawmakers-to-approve-it-by-weekend-119101700736_1.html

This Adani Group stock has doubled your money in six weeks


In the past six weeks, Adani Green Energy has zoomed 107 per cent from level of Rs 44.95 on September 5. In comparison, the S&P BSE Sensex has gained 6 per cent during this period

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/this-adani-group-stock-zooms-over-100-in-6-weeks-119101700718_1.html

Bandhan Bank falls 11% in two days on profit-booking


In the past two weeks, Bandhan Bank has outperformed the market by surging 33 per cent on run-up to inclusion in the MSCI Standard Index, effective October 15, 2019.

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/bandhan-bank-falls-11-in-two-days-on-profit-booking-119101700606_1.html

Pharma Q2 Preview: Lack of new US approvals to overshadow domestic revival


Analysts expect a 12% growth in revenues for the sector

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/pharma-q2-preview-lack-of-new-us-approvals-to-overshadow-domestic-revival-119101700559_1.html

Hindustan Unilever trades higher for seventh straight day, hits record high


The stock of fast-moving consumer goods (FMCG) company surpassed its previous high of Rs 2,102 touched on September 23, 2019.

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/hindustan-unilever-trades-higher-for-seventh-straight-day-hits-record-high-119101700534_1.html

Housing sales down 25%, new launch dips 45% across 9 cities in Jul-Sep


New launches fell to 33,883 units from 61,679 units during the period under review

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/housing-sales-down-25-new-launch-dips-45-across-9-cities-in-jul-sep-proptiger-119101700530_1.html

Realty market sentiment in Q2 plummets to demonetisation level: Report


Further, the Future Sentiment Index dropped to an all-time low of 49 in Q3 2019 calendar year

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/realty-market-sentiment-in-jul-sep-drops-to-demonetisation-level-report-119101700518_1.html

History will take note of those who ridiculed removal of Article 370: PM


Further targeting the Congress and NCP leaders, he wondered if 'frustrated and dejected' people could do anything good for people

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/history-will-take-note-of-those-who-mocked-art-370-removal-pm-119101700503_1.html

Govt expands PM's Economic Advisory Council; appoints 3 part-time members


A notification by the Cabinet Secretariat announced the addition of Neelkanth Mishra, Nilesh Shah, Anantha Nageswaran's names as part-time members of the EAC-PM

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/govt-appoints-3-part-time-members-to-eac-pm-119101700406_1.html

Global fund managers stay bearish on equities; recession top worry: BofAML


According to BofAML, trade war, Monetary policy impotence, bond market bubble and a credit event are some of the other 'tail risks' that the fund managers seem to be wary about

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/global-fund-managers-stay-bearish-on-equities-recession-top-worry-bofaml-119101700441_1.html

India 'democracy-loving, capitalist-respecting': FM to foreign investors


She also assured international investors at an interaction session at the IMF's headquarters that the government was continuously working to bring reforms

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/no-better-place-to-invest-than-in-india-govt-continuously-working-to-bring-reforms-sitharaman-119101700361_1.html

NIIT falls 15% as stock turns ex-date for share buyback


On August 10, 2019, NIIT's Board had approved to buyback up to 26.8 million equity shares at Rs 125 per share for Rs 335 crore.

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/niit-falls-15-as-stock-trade-ex-date-for-share-buyback-119101700349_1.html

Mindtree slips 3% post Q2 nos; should you buy? Here's what brokerages say


It reported 34.6 per cent decline in its net profit at Rs 135 crore for the second quarter of FY20 when compared with the corresponding period of the previous financial year.

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/mindtree-slips-3-post-q2-nos-should-you-buy-here-s-what-brokerages-say-119101700317_1.html

IAG to sell stake in SBI General Insurance to Premji Invest, Warburg Pincus


SBI and lnsurance Australia Group (IAG) currently own 70 per cent and 26 per cent, respectively, in SBI General Insurance

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/iag-to-sell-entire-26-stake-in-sbi-general-insurance-119101700306_1.html

SBI Life hits new high on strong Q2 results, rallies 10% in two days


SBI Life reported strong growth of 33.3 per cent year-on -year (YoY) and 17.5 per cent YoY in gross written premium (GWP) and new business annualized premium equivalent (APE), respectively in Q2FY20

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/sbi-life-rallies-10-in-two-days-on-strong-q2-results-hits-new-high-119101700273_1.html

Eicher Motors hits over three-month high, rallies 11% in one week


Analysts believe that worst is behind for Eicher Motors, the manufacture of premium motorcycle brand Royal Enfield (RE) in India, as it is taking promising initiatives to address the declining sales.

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/eicher-motors-hits-over-3-month-high-up-11-in-one-week-119101700237_1.html

Sensex gains 453 pts as UK, EU reach Brexit deal; Tata Motors jumps 13%


All that happened in markets today.

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/market-live-sensex-nifty-mindtree-dhfl-pvr-tvs-motor-zeel-nalco-119101700133_1.html

Sensex gains 453 pts as UK, EU reach Brexit deal; Tata Motors jumps 13%


All that happened in markets today.

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/market-live-sensex-nifty-mindtree-dhfl-pvr-tvs-motor-zeel-nalco-119101700133_1.html

Mastercard says it will meet Dec-end target for data localisation in India


However, says the card payments major, restricting data flows in digital transactions will affect the quality of fraud detection and assessment

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/mastercard-says-it-will-meet-dec-end-target-for-data-localisation-in-india-119101700043_1.html

Mastercard says it will meet Dec-end target for data localisation in India


However, says the card payments major, restricting data flows in digital transactions will affect the quality of fraud detection and assessment

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/mastercard-says-it-will-meet-dec-end-target-for-data-localisation-in-india-119101700043_1.html

Jio says rivals fraudulently claiming IUC; asks Trai to slap penalties


In a letter to Trai, it alleged the three firms have allotted mobile numbers as customer care or helpline numbers to companies such as Oyo, Justdial, and Videocon D2H

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/jio-says-rivals-fraudulently-claiming-iuc-asks-trai-to-slap-penalties-119101700027_1.html

Huawei's Q3 revenue jumps 27% despite trade tensions between US and China


The company has been granted a reprieve until November, meaning it will lose access to some technology next month

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/huawei-s-q3-revenue-jumps-27-despite-trade-tensions-between-us-and-china-119101700020_1.html

Mindtree posts muted revenue growth in Q2, net profit down 34.6%


Deal pipeline remains strong, company expects to improve growth in H2

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/mindtree-posts-muted-revenue-growth-in-q2-net-profit-down-34-6-119101601516_1.html

Govt to bring back FRDI Bill, may hike insurance cover of customers


The government intends to hike the insurance cover of customers of a failed financial institution

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/govt-to-bring-back-frdi-bill-may-hike-insurance-cover-of-customers-119101601218_1.html

MFs up the ante on private banks, increase weight to nearly 21%


Fund managers expect well-managed banks to grab higher market share

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/mfs-up-the-ante-on-private-banks-increase-weight-to-nearly-21-119101601188_1.html

States put the foot down on capex; outlays up 17% during FY15-19


The expenditure is concentrated primarily on economic services that accounted for around 70 per cent of the spending

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/states-put-the-foot-down-on-capex-outlays-up-17-during-fy15-19-119101601040_1.html

ICRA revises rating outlook for one-third of wind, solar portfolio


The agency has downgraded rating for 20% of its rated portfolio for wind and solar

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/icra-revises-rating-outlook-for-one-third-of-wind-solar-portfolio-119101600553_1.html

India cannot sacrifice economic strength to comply with US sanctions: FM


Sitharaman said the Indian government has expressed its view to the United States

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/india-cannot-sacrifice-economic-strength-to-comply-with-us-sanctions-fm-119101600075_1.html

4 of 5 Indian children do not survive cancer. What led to this sorry state?


India has the highest prevalence of childhood cancer which can be traced to its higher population of young people, 30 per cent of its population is below 14 years, according to 2011 Census

Click here to Read full Details Sources @ https://www.business-standard.com/article/health/4-of-5-indian-children-do-not-survive-cancer-what-led-to-this-sorry-state-119101600089_1.html

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