Business
Smuggling up at Myanmar border
Manipur shares a 398-km-long porous international border with the neighbouring country.
Kotak expects Reserve Bank to hold rates for rest of FY19
“We thus see limited scope for rate hikes in the rest of 2018-19,” the report added.
Crorepati count up 60 per cent in 3 years, shows tax data
Average declared income rises 19% during the period.
Isuzu mulling SUV below mu-X for India
The Japanese carmaker has locked in the small SUV for some markets already but it’s still considering the mu-X for India.
India ranked second last in pension benefits: study
India has been taking slow but steady steps towards strengthening its retirement income system.
Autos
Skoda Octavia now available with fully digital instrument cluster
The group’s Virtual Cockpit debuted in Skoda’s lineup with the Karoq mid-size SUV in 2017.
India-spec Nissan Kicks: First look
Nissan is making a comeback in the compact SUV segment with a more premium offering aiming straight at the Hyundai Creta.
2018 Hyundai Santro launch tomorrow
The new hatchback will be positioned between the Eon and the Grand i10 in Hyundai’s lineup.
New Hyundai Santro 2018 expected prices: will it undercut Tiago, Celerio?
Hyundai’s upcoming small car, the 2018 Santro, is all set to debut on 23 October 2018.
Top 5 safest cars in India under Rs 10 lakh
Sadly, not even a single model got a perfect five star while only five cars managed to achieve a four star rating.
Companies
Indian banks' profitability weaker than BRICS peers: Moody's
Indian banks with a tangible common equity ratio of 8.7 per cent at the end of 2017.
Jet Airways' plans to wet lease ATRs to TruJet hit air pocket
The plan to wet lease up to seven ATRs from Jet Airways is on hold as of now.
DGAP finds Nestle profiteered Rs 100 cr, company deposits money in fund
Nestle India, in an e-mailed response, said it as a responsible corporate citizen has passed on the benefits of GST to consumers.
Maruti leads PV segment in September; seven models in top ten list
MSI's premium hatchback Swift stood at the first position with sale of 22,228 units in September.
SBI plans to raise up to Rs 25,000 crore in FY19
Central board of the bank gave its approval to two proposals of the bank, SBI said in a regulatory filing.
Economy
Rupee gains 8 paise to 73.24 against US dollar in early trade
Weakness in the dollar against a few currencies overseas and early gains in domestic equities gave some support to the rupee.
Master thieves and ever susceptible Indian banks
CVC dissects modus operandi and loopholes in 47-page study of top 100 bank frauds.
IL&FS may sell financial services, energy arms
Uday Kotak’s lieutenant Raghunath is architect of the revival plan.
Reserve Bank of India highlights inflation spike risk, signal rate hikes
Five of six MPC members had voted for keeping rates on hold at 6.50 per cent, surprising most economists.
RBI directs Yes Bank to appoint successor to Rana Kapoor by February 1
Reserve Bank has refused to give an extension to Yes Bank MD and CEO Rana Kapoor.
Market
Rupee skids 24 paise to close at 73.56 against US dollar
Rupee opened on a higher note at 73.36 and gained further ground to hit an intra-day high of 73.19 against dollar.
Sensex ends in red as late sell-off reverses early gains
Sensex slipped into the negative zone to hit a low of 34,082.76 before ending at 34,134.38.
Sensex bounces 321 points in early trade on positive Asian cues
The NSE Nifty was quoting 49.60 points, or 0.48 per cent,higher at 10,353.15.
Gold imports up 4 pc to USD 17.63 billion in Apr-Sep 2018-19
Increase in gold imports pushed the country's trade deficit to USD 94.32 billion in April-September 2018-19.
Sensex cracks 408 points on global sell-off; Nifty below 10,400
The NSE Nifty index fell 80.85 points, or 0.77 per cent, at 10,372.30.
In Other News
Average income of salaried, non-salaried & corporate taxpayers rises: CBDT
The number of salaried taxpayers has increased from 1.70 cr (assessment year 2014-15) to 2.33 cr (AY 2017-18).
Fuel prices slashed for fifth day, petrol now cost Rs 81.34 in Delhi
Price of petrol has been reduced by 30 paise to retail at Rs 86.91 per litre in Mumbai.
LiveFiesta makes record sales of over one lakh tickets at Navratri this year
LiveFiesta consolidates presence in online event ticketing domain; to expand on Pan-India basis.
Petrol pumps in Delhi to remain shut today
400 petrol pumps along with linked CNG dispensing units will remain shut from 6 am on Monday till 5 am on Tuesday.
Yogi Adityanath Biography by Writer Pravin Kumar is now in Hindi
‘Yoddha Yogi: Yogi Adityanath Ki Jeevan Yatra', was released at a grand function organized at historic Central Hall of UP.