October 16, 2019

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Regional Management Conclave 'WINNING IN THE DIGITAL AGE' DIGITAL LEADERSHIP SUMMIT 3.0

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RBI

15
Oct

RBI/2019-20/81 (Delhi)
Revision in Proforma and Reporting of Bank / Branch details under the Central Information System for Banking Infrastructure (CISBI)

15
Oct

RBI/2019-20/82 (Delhi)
Auction of Government of India Dated Securities

15
Oct

RBI/2019-20/83 (Delhi)
Lending by banks to InvITs

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INDIAN ECONOMY

India to see $118 bn investment in oil, gas sector in next few years: Pradhan

India will see a massive investment of USD 118 billion in oil and gas exploration as well as in setting up of natural gas infrastructure in the next few years as the country prepares to meet the needs of a fast growing e...

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Wholesale inflation eases to over 3-year low in September on cheaper fuel, food items

Wholesale inflation eased to more than three-year low of 0.33 per cent in September mainly due to falling prices of fuel and certain food articles, according to official data. The wholesale price index-based inflation wa...

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Retail inflation scales 14-mth high of 3.99 pc in Sept

Retail inflation climbed to a 14-month high of 3.99 per cent in September due to costlier vegetables and pulses but still remained within the RBI's comfort zone, government data showed on Monday. The Consumer Price Index...

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Retail inflation spikes to 3.99% in September

Retail inflation has spiked to 3.99 per cent in September, mostly due to higher prices of food items. The Consumer Price Index (CPI) based inflation was registered at 3.28 per cent in August. On year-on-year basis, the i...

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MARKET & FINANCE

UPI transaction share overtakes cards in merchant payments: Razorpay

In a first, the share of Unified Payments Interface (UPI) in person-to-merchant (P2M) digital transaction volumes overtook that of cards in September 2019, according to a blog post by payments service provider Razorpay. ...

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Banking

RBI relief for PMC Bank depositors, withdrawal limit hiked to Rs 40,000

The Reserve Bank of India (RBI) has increased the withdrawal limit for depositors of Punjab and Maharashtra Co-operative (PMC) Bank to Rs 40,000. This is the third withdrawal limit increase by the RBI, in which it has in...

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HDFC cuts retail prime lending rate by 10 bps

Mortgage major Housing Development Finance Corporation on Monday reduced its retail prime lending rate (RPLR) on housing loans by 10 basis points, making loans cheaper for all its existing customers....

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RBI asks banks to put in place board-approved policy for making investment in InvITs

The Reserve Bank on Monday asked banks to put in place a board-approved policy for making investment in Infrastructure investment trusts (InvITs). An InvIT is a collective investment scheme, which enables direct investme...

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RBI raises withdrawal limit for PMC Bank depositors to Rs 40,000

The Reserve Bank of India (RBI) on Monday raised the withdrawal limit for depositors of Punjab & Maharashtra Co-operative (PMC) Bank to `40,000 from `25,000. The beleaguered urban co-op bank saw its board suspended on Se...

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Outreach by banks: Loans of Rs 82,000 cr disbursed in just 9 days, says FM Sitharaman

Loans to the tune of `81,781 crore were disbursed by the public-sector banks (PSBs) in just nine days through October 9 when the first phase of the outreach programme was organised in various districts, with advances to ...

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GLOBAL ECONOMY

Trade Report
Country Month Link
Switerzland July 2019 Click
Singapore Central Bank Signals More Easing as Growth Risks Mount

Singapore’s central bank signaled it’s ready to adjust monetary policy further after easing Monday for the first time since 2016 as risks to the economic growth outlook persist. The Monetary Authority of Singapore, which...

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China September exports, imports in deeper contraction as tariffs take toll

A slide in China’s exports picked up pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the Sino-U.S. trade wa...

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INDIAN CORPORATE

Quarterly review, fund boost for startups soon

The government plans to increase investments in startups by boosting the amount allocated to the Fund of Funds for Startups (FFS) and also start a quarterly review to assess their issues and support their needs. The Depa...

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ExxonMobil, Indian Oil Corporation ink natural gas pact

Energy giant ExxonMobil has signed a preliminary agreement with Indian Oil CorporationNSE 1.11 % to explore new models of delivering cost-effective natural gas. “What really matters is how we accelerate India’s access to...

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RIL, BP can sell natural gas from KG Basin to its affiliates: Bob Dudley

The joint venture of Reliance IndustriesNSE 0.59 % and BP can sell natural gas from its KG deep sea project to its affiliates without violating the terms of its production sharing contract with the government, BP group c...

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Birlasoft inks $240 million deal with Invacare

Birlasoft on October 14 said it has signed a multi-year agreement worth $240 million (around Rs 1,700 crore) with Invacare Corporation, wherein the C K Birla Group firm will deliver IT-as-a-Service to the US-based compan...

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Paytm close to score $2 billion funds from SoftBank, Ant; valuation to soar to $16 billion

Paytm is close to scoring $2 billion of new financing from investors including Jack Ma’s Ant Financial and SoftBank Group Corp., a person familiar with the matter said, describing a mega-deal that will raise the temperat...

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In lenders’ interest: VTB Capital secures right to monetise 10.71% stake in Zee Entertainment

VTB Capital, representing a clutch of lenders to the Essel Group, on Monday said that it had secured the right to potentially monetise the 10.71% stake in Zee Entertainment Enterprises. Last week, VTB Capital had disclos...

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Insolvency

New group insolvency framework in the works

A working group under the insolvency regulator has recommended a group insolvency framework to allow for consolidated insolvency proceedings for multiple companies which are part of the same group. A report, authored by ...

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