Wednesday, 17 October 2018

Current Affairs on 17.10.2018

Today's Headlines from www:-

*Economic Times*

📝 Uber valued at up to $120 billion in IPO proposals

📝 Diageo to sell office space in UB Tower to DivyaSree Group

📝 Investor wealth soars by Rs 5.30 lakh crore in three days

📝 IIFL Home Fin raises Rs 1,400 crore from NHB and SBI

📝 Lenovo to raise mobile production capacity in India by up to 10 fold in 2019

📝 OPEC, allies yet to hike output by one million barrels per day: Oil Minister

📝 Amazon in talks to buy stake in Future Retail

📝 RBI releases norms for facilitating money transfer among e-wallets

*Business Standard*

📝 Rolls Royce CEO lays out the brand's future path, rules out hybrid cars

📝 Lenders of insolvent Bhushan Power pick Rs 197-billion bid of JSW Steel

📝 L&T only Indian firm among 25 companies in Forbes' best employer list

📝 FPIs dump banks, mutual funds lap up metals in September quarter

📝 At Rs 7.37 trn, RIL beats TCS to become India's most valued firm by m-cap

📝 Investment in India via P-notes hits 9 year low of Rs 795.48 bn in Sept

📝 Total SA eyes stake in Indian LNG terminals, city gas distribution: CEO

*Financial Express*

📝 US-China trade war brings $8.7 billion bonanza for Indian exports to America

📝 Share of investments in GDP to rise 33% by FY23: RBI working paper

📝 Edelweiss-backed firm eyes stakes in Rs 6,000 crore Essel Infra assets

📝 IndusInd Bank Q2 result: Profit rises 4.6% to Rs 920 crore, gross NPAs up as well

📝 Infosys Q2 result above analysts’ estimates, net profit up 13%

📝 Tractor manufacturer TAFE to expand production capacity in two plants

📝 Nokia, BSNL announce partnership to introduce 5G in India

📝 India attracted USD 22 billion of FDI flows in first half of 2018, says UN report

*Mint*

📝 Walmart trims 2018-19 earnings forecast on Flipkart deal

📝 Hero Motocorp reports subdued Q2 results, profit rises 3.38%

📝 Ola’s Foodpanda buys Holachef, looks to enter cloud kitchens

📝 GPF interest rate hiked to 8% for October-December quarter

📝 Piramal Enterprises may sell contract pharma business in $1 billion deal

📝 Spot power prices hot, Indian Energy Exchange’s shares cold

📝 Builders scale down, exit projects amid cash crunch

📝 ArcelorMittal offers to settle KSS Petron, Uttam Galva dues.

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