News Headlines from Business News Agencies:
Business Standard :
• World currency reserves shrink by $1 trn this year in record drawdown
• Jet Airways revival: Jalan-Kalrock accept bank call to infuse more capital
• IndiGrid, Brookfield show interest in buying 2 transmission projects
• Services PMI at 54.3 in Sep; slowest expansion in 6 months amid weak demand
• Can Fin Homes to consider raising up to Rs 4,000-cr debt capital
• Google asks suppliers to produce over 8 mn Pixel 7 phones: Report
• ONGC Videsh to invest $1 billion in offshore block held by Petrobras
• RIL-backed Viacom18 Media to stream FIFA World Cup on Jio Cinema for free
• Govt receives dividend tranches from 5 companies, including SAIL, IRCTC
• WTO slashes global 2023 trade growth forecast to 1% as recession looms
• India, Indonesia debt outperforms China despite volatile global markets
Economic Times :
• Porsche overtakes Volkswagen as Europe's most valuable carmaker
• World Bank lowers India's GDP growth forecast to 6.5% from 7.5% for 2022-23
• Poonawalla Fincorp disbursals rise by 44% to Rs 3,720cr in Jul-Sep
• Rupee skids towards record low again on corporate dollar demand
• Google takes on Meta, introduces own video-generating AI
• Dabur India flags up to 200 bps margin hit in Q2
• Benchmark yield posts biggest jump in 2 months on index inclusion setback
• Akasa Air to allow pets on board as part of inclusive travel experience
• Sri Lanka begins crucial debt restructuring talks with China
• UK nurses begin biggest strike ballot in more than 100 years
• Facebook may quietly sack 12,000 employees, 15% of its workforce: report
Bloomberg :
• Global Economy Could Lose $4 Trillion in Output, IMF Chief Warns
• World Bank Cuts India Growth Forecast Citing Global Risks
• India Expects 90GW Solar Module Manufacturing Capacity by FY26
• India’s Sebi Orders Brickwork Ratings to Shut Down in 6 Months
• WHO Says Drugs Linked to Gambian Deaths Could Be Elsewhere (1)
• India says cough syrups went only to Gambia, not sold locally
• Stocks in India Extend Rally Ahead of Company Earnings Season
• Gold Drops as Mixed US Data and OPEC+ Cuts Cloud Fed Outlook
• Global Funds Sell Net INR439.2m of Indian Stocks Thursday: NSE
• Domestic funds buy net 2.79b rupees of stocks
• Threats to Mukesh Ambani’s family: one held from Bihar: PTI
• India’s heaviest rocket to make global foray on Oct. 22: PTI
By: via Allies Fin Serve Stock Market Channel
