Friday, 12 October 2018

Current Affairs on October 12th 2018

Today's Headlines from www:-

*Economic Times*

📝 Govt hikes import duty on select communication items to 20%

📝 RBI remains net seller of US dollar in Aug; sells $2.323 billion

📝 TCS Q2 profits up 23%, wins four $100 million deals

📝 NSE signs MoU with IBJA to deepen commodity market

📝 LG India to expand production of B2B LED panels

📝 Uber looking to sell $1.5-billion Junk Bonds

📝 India's manufacturing sector to record robust growth in Q2: Report

📝 Life insurers' new premium income down 16 per cent at Rs 17,491 crore in September

*Business Standard*

📝 RBI firm on data localisation; 80% of firms to comply by Oct 15 deadline

📝 ArcelorMittal in talks with lenders on payment of dues as deadline looms

📝 IMF chief Lagarde defends rate hikes after Donald Trump slams 'crazy' Fed

📝 India ranks 115 in World Bank's Human Capital Index; govt dismisses report

📝 Markets plunge on global sell-off; investor wealth erodes by Rs 2.69 trn

📝 As imports surge, aluminium companies look to widen export volumes

*Financial Express*

📝 Google India FY18 standalone net up 33%

📝 Concept Medical raises Rs 440 cr for sirolimus coated balloon

📝 Coal imports seen rising by 8-17% in FY19

📝 Sundaram-Clayton sets up new plant in Chennai

📝 Union Bank of India to raise Rs 700 cr from stake sale in six firms

📝 Venture financing remains robust in Q32018: Report

📝 PNB sells credit card outstandings worth 3% of its card portfolio

📝 Area under soybean up 6.7%, says SOPA

*Mint*

📝 RBI changes tack on forex intervention, focuses on forwards market

📝 Ikea to invest close to Rs 1,000 crore in Bengaluru store

📝 Godrej Consumer to go slow on acquisitions, take stock of past investments

📝 Tata Power among bidders in race for Odisha’s CESU

📝 Aurobindo Pharma gets USFDA nod for infections treatment drug

📝 IOC to invest ₹5,463 crore in city gas network in 7 districts

📝 Windfall for engineers as IT salaries shoot up.

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