Morning News Headlines
Economic Times
● Telcos gross revenue dips 7% in July- SEP 2017
● NITI Aayog working on policy to cut oil bill by $100 bn
● KKR to invest Rs 193 Cr in Kolte- Patli's township project in Pune
● NCLT extends time period for corporate Insolvency Resolution Process for Electrosteel Steels Limited
● SEBI caps 10% cross-Shareholding cap in MFs
Business Standard
● Pharma companies' revenues seen growing at 9% over next 3 years: Crisil
● SEBI eases FPI norms; allows listing of security receipts by ARCs
● Dredging Corp sell- off: Maritime unions threaten strike if demands not met
● ICRA sees CAD doubling to 1.5% of GDP by March on rising crude prices
● Tata Steel appoints i- banks for $2 billion rights issue to be launched in January
Mint
● Crain India acquires 51% stake in AvanStrate from Carlyle Group
● Bitcoin resumes slide after biggest rally in two weeks
● TCS faces US trial in Anti-American bias case
● Sun Pharma's US eye drug filing reason to cheer but cautiously
● Indian Overseas Bank to sell Rs 600 crore worth exposure in Bhushan Steel
Money Control
● Bank of Baroda to buy out JV partner's entire stake in AMC business
● SEBI slaps Rs 8 lakh fine in Blue Circle Services
● Over 5 lakh homes sanctioned under PMAY (URBAN); Rs 31,003 crore worth of investment
● Expect Rs 15cr worth of orders by March 2018: Veer Energy
● Tata Global Beverages sells stake in JV for Rs 120 cr
