BS Reporter
BS Reporter
Page 1124 - Bs Reporter/workspace/business Standard Web/undefined
WEF, CII reunite to host India Economic Summit
The theme is "Redefining Public-Private Co-operation for a New Beginning"
India brainstorms on WTO impasse
There's an impasse over signing an agreement aimed at easing global customs rule at the WTO
 "India brainstorms on WTO impasse")
HSBC Manufacturing PMI rebounds in October
Rise due to new contract wins and general improvements in demand
 "HSBC Manufacturing PMI rebounds in October")
Flipkart rejigs brass; bigger role for Myntra's Bansal
Mukesh Bansal, founder & CEO of Myntra, acquired by Flipkart earlier this year, will get marketing, too
 "Flipkart rejigs brass; bigger role for Myntra's Bansal")
Maruti launches country's cheapest car with automatic gear shift technology
The company has tweaked the 1-litre K-series petrol engine and the new Alto K10 now offers improved fuel efficiency by about 15%
 "Maruti launches country's cheapest car with automatic gear shift technology")
 "Prime Minister meets editors")
RBI to conduct open market sale of govt bonds for Rs 10,000 crore
The yield on the 10-year benchmark bond dropped for a third consecutive session on Monday
 "RBI to conduct open market sale of govt bonds for Rs 10,000 crore")
Google launches alliance to promote local Indian languages
Launches speech recognition tool for Hindi; major Indian languages such as Bengali, Tamil and Marathi to be covered in 15 months
 "Google launches alliance to promote local Indian languages")
 "OMCs' losses widen on subsidised LPG, kerosene")
DCB Bank Q2 net profit up 24%
The rise in profit was mainly on account of higher net interest income
 "DCB Bank Q2 net profit up 24%")
Bank credit to NBFCs shrinks
Credit to NBFCs dropped 4.4% in Sept this year compared to an increase of 26.6% in the corresponding month last year
 "Bank credit to NBFCs shrinks")
Bank of India clocks 26% increase in net profit
The bank will be raising $750 mn in Q3 via medium term bonds
 "Bank of India clocks 26% increase in net profit")
S&P downgrades rating for Indian Overseas Bank
S&P in a statement said the asset quality is expected to remain weak over the next 12 months and revised assessment of the bank's risk position to "weak" from "moderate"
 "S&P downgrades rating for Indian Overseas Bank")
DoT Committee suggests simpler exit route for telecom firms
Has also suggested that internal restructuring of telecom companies would be re-looked
 "DoT Committee suggests simpler exit route for telecom firms")
Dabur Q2 net up 15%, volume rises 8.7%
Consolidated net sales grew by 10.4% to Rs 1,924.09 crore
 "Dabur Q2 net up 15%, volume rises 8.7%")
Infy pulls out of Devanahalli IT Park
To move ahead with plans to have second campus on Sarjapur Road
 "Infy pulls out of Devanahalli IT Park")
Air India exits lobby group
Other members include GoAir, IndiGo, Jet Airways and SpiceJet
 "Air India exits lobby group")
Datsun GO, Swift fail global crash tests
According to the Global NCAP, an umbrella body of consumer car safety testing bodies, crash tests of the Datsun GO and Swift demonstrated a high risk of life-threatening injuries
 "Datsun GO, Swift fail global crash tests")
Vasan quits Congress after 14 years to form own party
Former Union minister accuses Congress of not giving a free hand to state leaders
 "Vasan quits Congress after 14 years to form own party")
Its official, US is now partner country for Vibrant Gujarat 2015
US will be the eighth country to partner the event
 "Its official, US is now partner country for Vibrant Gujarat 2015")