24 Oct: News round up

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Business Standard

Ø  RCom-Sistema Shyam merger gets DoT approval

Ø  UK fines Merrill Lynch £34.5 mn for unreported deals

Ø  SC orders refund of principal to Supertech home buyers

Ø  K'taka bans pillion on 2 wheelers below 100 cc capacity

Ø  JioPhone reportedly explodes; Co says it's sabotage

Ø  Reliance MF IPO sees big anchor investors demand

Ø  MNCs lobby against price cuts of stents & knee implants



Ø  Coal ministry rejects Nalco's claim of fuel supply shortage

Ø  Weak steel market to delay Mesco-Posco Finex deal

Ø  Reliance Industries' m-cap gets nearer to Rs 6 lakh cr

Ø  Real estate companies are now relying on Rera to woo buyers

Ø  'Govt plan may bring non-essential drugs under price control'

Ø  Exporters can claim refund this week for GST paid in Aug, Sept

Business Line



Mint

Ø  Kharif crops in good condition; not hit by rains: Pattanayak

Ø  World energy bodies caution India on wind projects

Ø  Solar costs to fall further, powering global demand: Irena

Ø  Lenders to exit IVRCL debt restructure mechanism

Ø  Govt’s rice procurement rises marginally to 69.89 LT so far

Ø  US delegation visits UP to assess investment potential



Ø  Bharat-22 ETF likely to be launched in November

Ø  India Post Payments Bank appoints Vodafone M-Pesa’s Suresh Sethi as MD, CEO

Ø  IEX shares close 1.43% lower on stock market debut

Ø  Rel Jio’s tariff hike suggests worst may be over for telcos

Ø  Havells India Q2 profit at Rs171 crore

Ø  Indiabulls Housing Finance Q2 net rises 24% to Rs852 cr

Financial Express



Financial Chronicle

Ø  Fiscal deficit of 3.2% seems not difficult in FY18, says report

Ø  331 infra projects see cost overrun of Rs 1.72 lakh cr

Ø  Government will achieve fiscal deficit and disinvestment targets in FY18: SBI report

Ø  Air India eyes sale of scrapped engine parts

Ø  BHEL starts execution of Rs 20,400 crore Yadadri thermal power plant in Telangana



Ø  Non-life insurance industry is poised for great growth

Ø  Hindustan Zinc Q2 net profit rises 34% on metal rally

Ø  Solar panel costs to fall by 60% in 10 years

Ø  Sebi disposes of proceedings against NDTV promoters

Ø  Unitech’s Sanjay Chandra asked to deposit Rs 1,000 cr