Morning News Headlines
Economic Times
● Infy cuts FY18 guidance, Q2 net up 7% at Rs 3,726 cr
● LIC dumped banks, metal stoks in Q2
● Won’t publish details of Panaya probe, says Nilekani
● Banks get maha boost with Rs 2.11L cr recap plan
● Over Rs 50,000 cr spent on rail safety till August 31
Business Standard
● Economy strong; fundamentals sound: Jaitley
● Mother of all highway plans gets Cabinet nod
● Government hikes wheat MSP by Rs 110/qtl
● Punjab imposes tax for keeping pets like dog & cat
● India to have 478 mn air passengers in 2036: IATA
Mint
● Tata among top 5 in India's attractive brands index
● RBI fines YES Bank Rs 6 cr, IDFC Bank Rs 2 cr over compliance issues
● Over 2 crore affordable houses to be built in 3 years
● Trai suggests norms for app based calling
● Asian Paints beats estimates, Q2 net up 21% to Rs 576 cr
Reuters
● BSE Smallcap index hits new high; up 50% from November 2016 low
● GST collections at Rs 92,150 crore in September
● Crackdown on shell cos unearths $1 billion cash
● Real estate no more an investment option: ICRA
● SAIL supplies 33,500 tonnes of steel for Agra-Lucknow Expressway
Sources : Economic Times, Business Standard, Mint & Reuters.
