Saturday, Oct 19, 2019 | Last Update : 11:33 PM IST
Columns
After Chhatrapati Shivaji, Savarkar occupies the highest position on the list of Maharashtra’s icons.
Turkish forces have moved into northern Syria, and the shaky Kurdish-defended buffer zone has become the site of mayhem.
The Thunberg pater familias was correct in identifying such words as potentially problematic.
Banerjee and Duflo teach at the Massachusetts Institute of Technology and Kramer is at Harvard University.
Economy
WPI inflation eases to 0.33 per cent in September
The annual rate of inflation, based on monthly wholesale price index was at 5.22 per cent in September 2018.
No better place to invest than in India: Sitharaman
She assured international investors at an interaction session that the government was continuously working to bring reforms.
FPIs pull out over Rs 6,200 crore in October so far
Foreign investors pulled out a net amount of Rs 4,955.2 crore from the equities and Rs 1,261.9 from the debt segment.
Govt slashes corporate tax to 25.17 per cent for domestic cos
The changes in the Income Tax Act and Finance Act will be made effective through an ordinance.
Inflation increased in September but won't 'bring tears' to RBI: Report
If the consensus is right, inflation will come in below the RBI’s medium-term target for 14 months in a row.
Market
Sensex gains 60 points in early trade
Amid sustained foreign fund inflows, easing global crude prices also helped buying sentiment, traders said.
Sensex rises for 4th straight session, up 93 points
The broader NSE Nifty rose 35.70 points, or 0.31 per cent, to settle at 11,464.
Markets cheer Brexit deal, FPIs buying
Broader market indices outperformed with BSE Mid Cap index and the Small Cap index gaining 1.77 per cent and 0.89 per cent respectively.
Gold marches higher; up Rs 120 on festive demand, weaker rupee
Silver also jumped by Rs 489 to Rs 46,809 per kilogram here from its previous close of Rs 46,320 per kilogram.
Companies
Flipkart ups ante against Amazon; to set up unit for food retail in India
Flipkart did not comment on the investments planned for the new venture.
Oil Cos say Air India not honouring Rs 100 cr/month payment promise
The monthly payment was besides the airline being put on cash-and-carry where it was given fuel only against cash payment.
Lakshmi Vilas Bank, Syndicate Bank shares fall after RBI fine
Lakshmi Vilas Bank scrip went lower by 4.96 per cent to its lower circuit level as well as one-year low of Rs 22.05 on the BSE.
Energy giant Exxon Mobil, India's ONGC sign expertise-sharing deal
A growing demand in India amid a global slowdown and government policies have made investments and returns attractive.
RIL creates history, becomes first Indian co to hit Rs 9 lakh cr m-cap mark
The m-cap figure of companies changes daily with stock price movement.
Autos
Automakers bleed despite government sops
Hyundai’s sales also dropped by 14.8 per cent at 40,705 units, down from 47,781 units it sold in the year ago period.
Maruti sees green shoots
The maker of popular Vitara Brezza and Swift said wholesales in September 2019 were higher by 18.9 per cent compared to August 2019.
Revolt RV 400 mobile app now available on Google Play Store
It has already crossed over 1,000 downloads.
MV Agusta’s new Dragster bikes start at Rs 18.73 lakh
The exotic Dragster 800 RR and 800 RR America variants are priced at Rs 18.73 lakh, while the 800 RR Pirelli trim is tagged at Rs 21.5 lakh.
In Other News
Passenger vehicle retail sales fall 20 pc in September: FADA
Total sales across categories declined by 12.9 per cent to 13,75,314 units in September as against 15,79,191 units.
Centre plans new FRDI Bill, hike in deposit insurance
The source further said DICGC has proposed to hike deposit insurance to Rs 3 lakh from Rs 1 lakh, depending upon the demands of circumstances.
Slowdown makes its way in life insurance space
ICICI Prudential Life Insurance reported APE growth of 5.2 per cent YoY to Rs 700 crore on a received premium basis in Sept.
India to chart is own course of energy transition: Pradhan
Per capita energy consumption in India is only about one-third of the world's average.
Tax employee unions irked by PM Modi's switch to faceless assessment: Letter
The scheme is being implemented in a hurry without considering the concerns of the majority of the stakeholders, said the letter.