Vistara signs $2.4 billion engine and maintenance contract with CFM

• CFM International is a joint venture between GE Aviation, a division of General Electric and Safran Aircraft Engines
• Under the terms of the RPFH agreement, engine maker CFM guarantees maintenance costs for the Vistara’s LEAP-1A engines on a dollar per engine flight hour basis

Jio, Airtel differ on how long your phone should ring

• Vodafone Idea has batted for the ringer time to be set at 30 seconds
• This was a tit-for-tat move after its bitter rival Jio did the same

PMC Bank scam: Former MD Joy Thomas sent to jail as fraud probe deepens

• Joy Thomas stands accused in a police complaint of criminal breach of trust, forgery and falsification of records in relation to PMC's dealings with the now bankrupt realty firm HDIL
• PMC Bank allegedly made over 21,000 fictitious accounts to hide loans it made to HDIL

Britain, European Union reach Brexit deal

• 'We have a great new Brexit deal': British PM Boris Johnson
• The deal still needs to be backed by EU member states

IPO looks uncertain right now, will explore REIT in future: Abhishek Lodha

• I believe that Mumbai is undergoing a kind of revitalization, said Abhishek Lodha
• There is an economic slowdown in the country, which we think will correct itself over time, Abhishek Lodha added

No better place to invest than in India: FM Nirmala Sitharaman

• India is one of the fastest growing (economies) even today, said Sitharaman
• The government is committed to maintaining fiscal deficit in India, she said

Aviation regulator DGCA gives its approval to 5 firms to manufacture drones

• The move is expected to reduce import dependence and give the necessary push to the nascent domestic industry, says DGCA director general
• Last year, minimum manufacturing standards and training requirements of drone pilots were set out in the the 'Drone Regulations 1.0

Will oil companies’ Q2 numbers fuel investor confidence?

• State-run oil marketing companies BPCL, IOC and HPCL are expected to cough up a good set of numbers for the September quarter
• A sequential recovery in refining margin should help RIL’s refining business earnings

ISRO releases first illuminated image of lunar surface taken by Chandrayaan 2

• The first illuminated image of the lunar surface was acquired by IIRS
• The image covers part of the lunar farside in the northern hemisphere

INX Media: Delhi court allows ED to quiz Chidambaram till October 24

• The probe agency has sought 14-day custodial interrogation of the 74-year old senior Congress leader
• Special judge Ajay Kumar Kuhar allowed the ED to quiz Chidambaram

Caste might test communist faith in Kerala bypoll

• The bypolls are seen as a curtain-raiser for the battle for Kerala in 2021 assembly polls
• Nair’s attacks have spun the conversations around the by-election, entering into the final lap of campaigning next week, entirely around caste and religion

Sensex jumps 453 points, Tata Motors surges 10% as new Brexit deal agreed

• Auto, banking and FMCG stocks led the gains
• Some selling pressure was seen in IT stocks

Ola launches self-drive car rentals, eyes 20K cars on road by 2020

• The service was initially rolled out for users in Bengaluru as a pilot, with plans to launch into Hyderabad, Mumbai, and New Delhi shortly
• The service will have designated pick-up and drop-off points located across different residential and commercial hubs

Special CBI court sends P. Chidambaram to ED custody till 24th October

• P. Chidambaram's judicial custody in the CBI case had ended today which also got extended till 24th October
• Solicitor General Tushar Mehta appearing for Enforcement Directorate sought 15 days custody to interrogate the former finance minister P. Chidambaram in the case

NBFCs should lend more to reverse downturn: Anurag Thakur

• Thakur says if $5 trillion economy mark is to be achieved, then NBFCs have to play a very important role
• The money which has been passed on to the NBFCs should be passed on to the end-consumer to fuel the growth, he also says

Supreme Court collegium recommends appointment of 5 HC chief justices

• The Supreme Court collegium has recommended transfer of Patna High Court Chief Justice A.P. Sahi to the Madras HC
• The decisions were taken at a Collegium meeting held on 15 October where it reconsidered and modified its earlier recommendations dated 28 August

NTPC plans to raise $100 mn from international markets

• The plan also includes a green shoe option of up to $300 million, NTPC said
• NTPC Ltd is planning to raise funds by way of a term loan from the international markets to finance its capital expenditure, it said

Millennials spend more time socializing, sleeping than elders: Study

• Millennials spend about 20 minutes more per day sleeping, and double the amount of time playing games than older generations, the US government research says
• Nearly half of the millennials have at least a Bachelor’s degree compared to just about one-third of older folks, the report said

Home ministry grants Z-category security to West Bengal governor

• While Jagdeep Dhankar – like other state governors – was being given state police cover, he will now be given protection by the CRPF
• Dhankar had criticized the law and order situation in the state

Opinion | A Brexit deal? Oh, well

The Brexit deal comes just ahead of a two-day EU summit starting Thursday

OYO launches online portal for travel agents

The portal provides pre-registered and verified offline travel agents access to OYO inventory at the best price

Netflix adds 6.8 million subscribers in Q3, braces for higher competition

• Netflix reported $5.2 billion in revenue in the third quarter
• Netflix said that it will continue to expand its non-English language original offerings

Trai to issue regulation on call ringer time in 2 weeks

• Trai had on 16 September floated a consultation paper on the matter
• Last month, Airtel shot off a letter to TRAI, saying that it has cut the ringing time for outgoing calls on a rival network to 25 seconds from 45

Karnataka tops NITI Aayog's India Innovation Index

The index attempts to create an extensive framework for the continual evaluation of the innovation environment of 29 states and seven union territories

Govt to build 30 gigawatts of renewable plants along Gujarat, Rajasthan border

• The projects, which will be spread across Gujarat, Rajasthan, are part of efforts to expand India’s renewable capacity and reduce the share of fossil fuels in its energy mix
• PM Modi has pledged to cut the emissions intensity of India’s GDP by a third by 2030 from 2005 levels to fight climate change

Opinion | How to survive an iPhone disaster

If Apple’s going to retain access to cutting-edge components, suppliers must know they won’t be cut adrift

NASA eyeing inflatable space lodges for moon, Mars and beyond

• The lunar space habitat and colonization program is expected to cost over a billion dollars through 2028
• Four other companies are doing mockups: Boeing Co, Northrop Grumman, Sierra Nevada Corporation, and Lockheed Martin

Tax dept issues ITR scrutiny notices. Here’s what to expect, how to file a reply

• For each notice from the tax department, a particular procedure needs to be followed to file a reply
• The department can pick up ITRs for scrutiny till up to six months from the end of the financial year in which the return was filed.

PMC Bank scam: Wadhawans ready to sell yacht, BMW, other assets to pay off dues

• Wadhawans own ultra-luxury cars such as a Rolls Royce Phantom, Bentley Continental and BMW 730 LD
• The Wadhawans have been remanded to judicial custody in the PMC Bank scam

Individual wealth creation in India slows to 9.62%: Karvy India Wealth Report

• Financial assets grew at 10.96% compared to a 7.59% growth registered by physical assets
• The report also noted the shift in the composition of savings towards financial assets

Sebi rejigs primary market advisory committee

• PMAC, which is chaired by TV Mohandas Pai, chairman of the Manipal Global Education Services, has now 26 members. Earlier, the panel has 23 members
• The panel also has representatives from Sebi, RBI, and finance and corporate affairs ministries

UK opposition leader Jeremy Corbyn says his party can not support Brexit deal

Labour Party can not support the Brexit deal agreed on Thursday between the European Union and the British government, Jeremy Corbyn said

Delhi govt hiring extra buses for Odd-Even days

• The Cabinet approved the Transport Department's proposal for the engagement of extra CNG operated buses during the Odd-Even scheme days to augment the public transport
• DTC has been directed to engage a sufficient number of additional buses from the private operators during the Odd-Even Scheme

TVS Motor Company reports 13% YoY drop in Q2FY20 standalone income

• The company’s total vehicle sales stood at 8,86,000 units during the quarter under review, down 19% year-on-year
• The company reported a total income of ₹4,353 crore for July-September compared with ₹4,994 crore in the year-ago period

Mindtree plays catch-up in Q2, but growth trajectory is still a concern

• Mindtree’s revenues rose 3.2% sequentially, and margins posted healthy growth
• A sign of worry was the drop in the firm’s revenue productivity and an increase in attrition rates

Air India Assets Holding raises another ₹7,985 crore

• A special purpose vehicle of Air India, AIAHL has mopped up a total of ₹21,985 crore by way of bond issues since September 16
• The civil aviation ministry on Wednesday said the third bond issue of AIAHL was fully subscribed

BASF weighs $4 billion Indian chemicals complex with partners

• BASF would foot roughly half of the overall investment bill, a spokesman added
• BASF had signed a memorandum of understanding with Abu Dhabi National Oil Company (ADNOC), Adani Group and Borealis AG

‘Trade for Free’ offer aims to lure rupee trading home to India

• Rupee trading onshore has been shrinking at the expense of offshore market
• India International Exchange (IFSC), also known as India INX, plans to waive commissions initially

Most stocks that listed this year trade above issue price on better pricing

• Among firms that tapped the primary market this year, over 85% were trading above their issue price as of 15 October
• With the exception of Sterling and Wilson Solar Ltd and MSTC Ltd, all other stocks were trading above their issue price

Auto sales slump drags fortunes of auto parts makers downhill

• The after-market demand for components, which accounts for 18% of the industry turnover, has also slowed
• Automobile exports from OEMs were up by a paltry 1% year-on-year in the first six months of FY20

There's no hope of economy reaching $5 trillion by 2024: Manmohan Singh

• Indian economy reaching the target of five trillion dollars by 2024 as the growth rate is 'declining year after year'
• Singh stressed the need for adopting a 'well-conceived national strategy to make India a five trillion dollar economy'

Reliance Jio alleges fraud by incumbent telcos to earn IUC revenue

Reliance Jio tells Trai that BSNL, Airtel, Vodafone Idea are masquerading landline numbers as mobile numbers to earn interconnect usage charges

Open to partnerships for JLR, but no plans to sell it: Chandrasekaran

• JLR has waned to such an extent that it had to launch a $3.2 bn savings plan and slash jobs worldwide
• The chairman of Tata Sons says he wants operational control of JLR

End in sight for epic legal battle over Ayodhya as arguments end

• SC heard arguments for 40 days in the Ayodhya land dispute matter
• The judgement will come just a couple of weeks before the 27th anniversary of the 6 Dec demolition of Babri Masjid

FM promises more reforms before the end of the fiscal

• Our growth story is not hostage to performance in some quarters, says Nirmala Sitharaman at Columbia University’s School of International and Public Affairs
• The finance minister said strong growth can be sustained only if there is macroeconomic stability

HDIL promoters seek nod to sell assets to repay PMC Bank loans

• These assets are mostly moveable assets that were recently attached by the ED, including a yacht, aircraft and 14 four-wheelers
• Also, the ED on Wednesday sought custody of Rakesh Wadhawan and his son Sarang in connection with the ₹4,355 crore scam

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If not 'Om', then what? Rajnath asks Rahul over Rafale 'Shastra Puja'

• During his visit to France earlier this week, Rajnath had emblazoned the Rafale fighter jet with an 'Om'
• The Defence Minister even took a sortie in the Rafale jet

After Pakistan ATC mix up, Pak F-16 jets intercepted Delhi-Kabul SpiceJet flight

• The incident was reported when Pakistan airspace was not closed for India
• When the F-16s rounded up SpiceJet, the Pakistani jets and their pilots could be seen by passengers

IL&FS raises ₹806 crore through sale of wind assets to Orix

• This is the first sale of assets that the group has been able to close, and the company said it will repay the lenders in full
• With this development, ORIX, which previously owned 49% in each of the seven SPVs, now has 100% ownership