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Top 10 biz headlines: Consumer spend falls, telcos woes continue, and more

From the first fall in consumer spending in 4 decades to a fall in ONGC's net profit, here are the top 10 business stories for the day

Telecom, Telcos
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BS Web Team
Consumer spend sees first fall in four decades on weak rural demand: NSO data
Consumer spending fell for the first time in more than four decades in 2017-18, primarily driven by slackening rural demand, according to the latest consumption expenditure survey by the National Statistical Office (NSO). Read more.

AGR impact: Voda Idea posts biggest quarterly loss in India Inc history
Vodafone Idea reported a massive pre-tax loss of Rs 36,959 crore for the July-September quarter after it provided for payments related to adjusted gross revenues, or AGR. The company took a hit of Rs 30,774 crore (including AGR) for