6 leading newspapers wrote on economic activities of the country
Economic Times:
Ø Sebi tightens disclosure norms on loan defaults
Ø MFs will join DHFL resolution process: Sebi chief
Ø Bank credit grows by 8.07%, deposits 9.92%: RBI data
Ø Housing projects worth $66 bn face IBC proceedings
Ø Govt mulls forex loan at cheaper rate to exporters: Goyal
Ø BSNL-MTNL merger may be completed in 2 yrs: Govt
Business Standard:
Ø Govt clears Code on Industrial Relations Bill; retrenchment norms not eased
Ø Cabinet approves strategic sale of govt stake in BPCL, 4 other CPSEs
Ø Subhash Chandra to sell 16.5% stake in Zee, become minority shareholder
Ø Tariff hike may cause slower net user addition for telcos: BofA-ML report
Ø Piramal gets waiver on debt contract after offering to pay Rs 15 bn early
Business Line:
Ø Telecom, aviation, auto sectors report highest losses in Q2
Ø Better rainfall led to lower power demand in October: Power Ministry
Ø CIL to develop 55 new coal mines in next 5 yrs: Minister
Ø Company continuously working on a resolution plan: Suzlon
Ø ECU Worldwide buys controlling stakes in Hong Kong and Singapore logistics firms
Ø Singapore’s Cube wins highways bid
Mint:
Ø Cabinet approves two-year moratorium on spectrum payments for telcos
Ø Tata Motor’s JLR to face challenging times even in next fiscal: Moody’s
Ø Asia needs $800 billion over the next decade to feed itself
Ø Homebuyers have filed over 1,800 cases under insolvency law: Govt
Ø NCLAT extends deadline for implementation of Patanjali’s bid for Ruchi Soya
Financial Express:
Ø Central American nation Costa Rica seeks Preferential Trade Agreement with India
Ø China cuts new benchmark rate to boost economy
Ø NCLAT rejects DBS Bank’s plea challenging distribution of funds from Ruchi Soya resolution plan
Ø India appeals against WTO panel ruling on export incentive schemes
Deccan Chronicle:
Ø Reserve Bank of India supersedes DHFL board
Ø Rupee settles 10 paise lower at 71.81 against US dollar
Ø Moody’s assigns Baa1 rating to ONGC’s proposed senior unsecured notes
Ø Telcos have to pay Rs 1.47 lakh cr dues; no proposal to waive off penalty: Prasad
Ø Govt plans incentives for 324 foreign manufacturers.