Tuesday, 16 October 2018

Current Affairs on 16.10.2018

Today's Headlines from www:

*Economic Times*

📝 Telco writes to UIDAI, seeks more time to submit Aadhaar eKYC 'exit plan'

📝 India's oil imports surge to $10.91 bn in September

📝 South Indian Bank Q2 profit surges 16-fold to Rs 70 crore

📝 RBI lays down norms for CCPs

📝 Fundraising via debt placement slumps 38% to Rs 2 lakh crore in Apr-Sep

📝 IIFL buys controlling stake in KadaiEshwar Housing Finance for Rs 100 crore

📝 Reliance Defence to get 3% of Rs 30,000 crore offset

📝 L&T arm bags orders worth Rs 1,000 cr in Q2

*Business Standard*

📝 Festive season sale: Indian e-tailers generate Rs 150 bn in 5 days

📝 India's wholesale inflation rises to 5.13% in September from 4.53%

📝 Centre may undershoot disinvestment target by 20%, says Macquarie

📝 US retail giant Sears files for bankruptcy, to close nearly 150 stores

📝 MIT plans college for artificial intelligence, backed by $1 billion

📝 Global FDI falls 41% in first half of 2018 after Trump tax reforms: UN

📝 IndusInd Bank Q2 profit rises 4.6% to Rs 9.2 bn on higher interest income

📝 Robust festive season buying propels gold to five-year high of Rs 31,900

*Financial Express*

📝 PFRDA seeks easing of FDI norms for pension funds, expects boost for fledgling segment

📝 MCA data: 63% of 17.95 lakh registered companies in India active in august

📝 As data localisation deadline approaches, payments firms get ready for a showdown with RBI

📝 Pharma giant Dr Reddy’s sells Hyderabad API unit to Therapiva

📝 Government stake in Allahabad Bank goes up by 7.6 per cent

📝 Exports enter negative zone, decline 2.15 per cent in September

📝 China imposes anti-dumping import tariffs on US, Japan

📝 Outbound activity drives Merger and Acquisition’s robust growth in Q3 of 2018

*Mint*

📝 Motilal Oswal PE to invest ₹200 crore in Happy Forgings

📝 India sees steepest FII outflow in 2 years in October

📝 Taiwan’s Kymco to invest $65 million in Twenty Two Motors

📝 Private equity funds raised $121 billion globally in Q3 2018

📝 Prime Venture leads ₹65 crore funding round in myGate

📝 PNB plans to sell non-core assets of over ₹8,000 crore this fiscal

📝 India pitches for review of oil payment terms to stem rupee fall.

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