Market Outlook: Brexit vote, earnings to guide markets ahead

• The Indian markets may react to British Parliament's vote to delay a decision on new Brexit deal next week
• Investors will await corporate results from Maruti Suzuki, SBI, ITC, Hero MotoCorp, Larsen & Toubro, Kotak Mahindra Bank, Bajaj Auto and HCL Technologies

Nine of top-10 Indian firms add ₹1.47 trillion in m-cap, RIL and TCS shine

• Reliance Industries added another feather to its cap by becoming the 1st Indian firm to hit ₹9 trillion market valuation mark in intra-day trade
• The market valuation of TCS soared ₹26,379.27 crore to ₹7,71,996.87 crore

Now, HDFC website in Hindi, 5 other Indian languages to help home loan buyers

• The HDFC says its website content is now also available in Hindi, Marathi, Tamil, Telugu, Malayalam and Kannada
• The initiative aims to facilitate HDFC to promote the govt's flagship scheme PM Awas Yojana in tier-II, tier-III cities and smaller towns with a vast non-English speaking segment

Government likely to float bids for 100% stake sale in Air India next month

• The government is planning to invite preliminary bids for 100% stake sale in Air India next month, and some entities have already expressed interest, the report said
• Air India is sitting on a debt pile of around ₹58,000 crore, besides huge accumulated losses running into thousands of crores

FPIs pour in ₹5,072 crore into Indian capital markets in October so far

• FPIs put in a net sum of ₹4,970 cr in equities and a net ₹102 cr in debt market during Oct 1-18, taking the cumulative net investment to ₹5,072 cr
• Regarding the future course of FPI flows, market experts say, the momentum is expected to continue in the long term as India is a very attractive investment destination with sound fundamentals

BSE, NSE to remain closed tomorrow due to Maharashtra polls

• The share trading will resume on Tuesday
• The commodity derivative segment will be open only for evening session, the NSE, BSE circulars said

Mahindra expects commercial vehicles sale to bounce back next fiscal

• As per SIAM data, in the Apr-Sept this fiscal, total domestic CV sales slumped by 22.95% to 3,75,480 units as against 4,87,319 units in the year-ago period
• M&HCV segment declined by 35.79% in the same period at 1,22,521 units as compared to 1,90,801 units in the first half of last fiscal

Trai’s rethink to scrap IUC will sabotage PM’s Digital India mission: Jio

• The letter contains Jio’s official response to the consultation paper floated by Trai on 18 September
• Scrapping IUC or reducing it would benefit an operator which has more outgoing traffic than incoming calls

In a first, Tejas to compensate passengers for delay

• This will be the first time that passengers will be compensated for the delayed journey
• The compensation is given when the train reaches its destination behind schedule

SBI may post impressive Q2 earnings on steady performance

• SBI Q2 earnings are set to revive amid uncertain macros on the back of steady operating performance at pre-provisioning operating level, recoveries from large NCLT resolutions and normalisation in credit cost
• The reduction in the corporate tax rate from 30% to 22% should also support earnings

Many countries have cautioned on rushing into crypto currencies, says Sitharaman

• RBI Governor spoke about crypto currencies during one of the interventions this week
• Facebook's proposed virtual currency became a buzzword during the annual meeting of IMF and World Bank

Twenty countries, including India, to dominate global growth in 2024

• Weaker global growth, expected to fall to 3% this year and the slowest since the global financial crisis, will affect 90% of the world: IMF
• The US, while still expected to contribute a sizable portion to world growth, is projected to fall to third place, after India

Who is SA Bobde, the next Chief Justice of India?

• SA Bobde will take over the highest office of the Indian judiciary as the 47th Chief Justice of the country, replacing Ranjan Gogoi
• On 18 October, Gogoi wrote to the Ministry of Law and Justice recommending Bopde as his successor

Brexit reversed: How could Britain end up with a second referendum?

• A group of lawmakers in the main opposition Labour Party have put forward an amendment calling for approval of any deal to be put to a second referendum
• But the government has repeatedly ruled out another popular vote saying that to ignore the first one could trigger a constitutional crisis

Indian nurses in UAE likely to lose jobs over new requirement

• Over 200 Indian nurses have already lost their jobs, while several others have been demoted
• UAE has made a bachelor's degree in nursing as the minimum educational qualification for registered nurses

Global finance chiefs pledge to use all tools to aid growth

• We will employ all appropriate policy tools, individually and collectively, to mitigate risks, enhance resilience and shore up growth to benefit all, Global finance chiefs pledge
• Earlier, IMF chief economist Gita Gopinath warned that 'there is no room for policy mistakes and an urgent need for policy makers to cooperatively de-escalate trade, geopolitical tensions

Bank strike, holidays: Banks closed for 4 days in these cities this week

• Banks in several cities including Mumbai and Pune will be open only for three days this week
• Banks will be shut on account of assembly elections, strike and weekend holidays

Income tax deduction on HRA and home loan: Can you claim both?

• Tax experts say that there should be a good reason for not living in the house you own
• From this year, the government allowed treatment of two properties as self-occupied in terms of income tax implications

Gold prices fall, down ₹1,900 per 10 gram from last month's record highs

• Gold rates may remain choppy in the near term, say analysts
• Gold bonds will open for subscription next week at ₹3,785 per gram to those who apply online

Mint50: Hand-picked mutual funds to build your portfolio

Mint50, a curated basket of investment-worthy funds, is the result of an exhaustive exercise that blends in various parameters with the aim of getting you the best combination of risk and returns

Bank fixed deposit (FD) rates at 9%. Check interest rates here

• Bank FDs are one of the most preferred forms of investment because it is considered safe
• As compared to commercial banks, small finance banks offer higher interest rates on FDs

How to transfer Employees Provident Fund (EPF) balance online

• When you change jobs, the new employer opens a new EPF account, though UAN remains the same
• Using EPFO's online facility, members can also apply for PF final settlement

How to transfer your SBI account online to another branch

• Now you can transfer your SBI savings account online, from one branch to another
• Online transfer of SBI account is only possible if your account is KYC compliant

Retail sales of passenger vehicles see steepest fall on record in September

• Sales of vehicles also remained in the red due to the Shraddh period, considered inauspicious for big purchases
• Also, manufacturers did not push much inventory to the dealers expecting sales to remain tepid during the month

Why PPF investors should be aware of Form H

• PPF accounts have a maturity of 15 years
• It can be extended with or without making further contributions

Updating Aadhaar card address with rent agreement? 3 things to keep in mind

• You can easily change your Aadhaar card address both online and offline
• Rent agreement is one of the 44 documents accepted by the UIDAI to update address in Aadhaar

These new health insurance rules to benefit senior citizens. Here's how

• IRDAI has asked insurers to increase the maximum age limit field for health policies
• IRDAI's call to introduce the option of multiple premium payment options is a welcoming change

Income tax department reveals 9 individuals earned more than ₹100 crore salary

• More than 49,000 individuals pocketed an annual salary of at least ₹1 crore
• The income tax department analysed this data from income tax returns (ITR) filed by assessees

ED raids DHFL premises on having exposure to firms linked to Iqbal Mirchi

• The ED raids were in relation to a case money laundering in a land deal involving drug lord Iqbal Mirchi
• DHFL is under scanner for giving loans to a real estate firm — Sunblink Real Estate. This real estate firm has links with Mirchi

Infrastructure focused Sadbhav to merge it's listed EPC and BOT businesses

• Proposed merger aims to create a simplified corporate structure and better resource utilization of two group firms
• Sadbhav Infra's m-cap stood at ₹1,556 crore as on Friday, while Sadbhav Engineering had an m-cap of ₹2,382 crore

J&K Bank loan fraud: Anti-corruption bureau lodges FIR in ₹1,100 cr scam

• ACB carried out extensive searches at the houses of over a dozen accused bank officials at 9 locations in Kashmir, 4 in Jammu and 3 in Delhi
• The houses of REI Agro's chairman Sanjay Jhunjhunwala and vice president Sandeep Jhunjhunwala were also searched in Delhi

IMF says corporate income tax cut will help revive investment in India

• India should address continued fiscal consolidation and secure long-term stability of the fiscal conditions, said the IMF
• Following a marked slowdown in the last two quarters in India, the economy is expected to grow at 6.1% this fiscal year, picking up to 7.0% in 2020, IMF added

India targeted four terrorist launch pads in PoK on Sunday

• The targets destroyed by India were in the Neelam valley of Pakistan administered Kashmir
• The current operation followed an unprovoked ceasefire violation by Pakistan in Tangdhar Sector on Sunday

India, US trade negotiations going in full speed, says Nirmala Sitharaman

• There's a great intensity with which both India, US are engaging and hopefully the trade deal will be structured soon, said Sitharaman
• The two sides agreed to continue the dialogue in the first week of November during US Treasury Secretary visit to New Delhi

Trade wars, protectionism a dampener on global capital flow, says Sitharaman

• 'Trade integration, geopolitical uncertainties, and high accumulated debt levels necessitate global coordination'
• 'We need not wait for the slowdown to become a crisis'

British MPs vote to delay Brexit deal decision

• Lawmakers backed an amendment which effectively forces the government to request an extension until January next year
• I will not negotiate a delay with the EU and neither does the law compel me to do so: UK PM Boris Johnson

No charges on digital payments made to large business establishments from 1 Nov

• CBDT has also invited applications from banks and payment system providers who are willing that their payment systems may be used for the purpose
• In her Budget speech, Finance Minister Nirmala Sitharaman had made this proposal

Brexit day of reckoning: Boris Johnson's deal faces wrecking amendment

• Ex-Conservative lawmaker Letwin has proposed that the decision on whether to back a deal be deferred until all the legislation needed to implement it has been passed through parliament
• If the amendment is approved by parliament, Johnson's deal would not then be put to a vote on Saturday.

'My favourite player for life is Ronaldo'

Virat Kohli holds forth on FC Goa, how he juggles his leadership roles, and his favourite footballer

DoT to discuss relief to telcos with Department of Financial Services

• The telecom department is likely to discuss with the financial services department an industry proposal for a 2-year moratorium on payment of spectrum auction dues
• Once the DFS starts the discussion, public sector banks (PSBs) would be on board to explore such a possibility

Isro releases 1st illuminated image of moon surface taken by Chandrayaan 2

• Isro releases the first image of the surface of the moon captured by the IIRS payload on-board Chandrayaan 2
• The image covers part of the lunar farside in the northern hemisphere

REITs, InvITs gain traction; mutual funds invest ₹9,000 crore during Jan-Sep

• Mutual funds have increased their exposure in these investment avenues over the past nine months
• The investment by fund houses in REITs jumped to a staggering ₹69 crore in September

As Kashmir opens to tourists, strikes by JeM feared

• Vigil comes in the wake of terrorists from JeM targeting civilian, post Centre’s decision to lift curbs in Kashmir
• The tourist season has left alarm bells ringing amongst forces who fear that reprisals from terrorists

Two TSRTC employees die of heart attack, four deaths since 5 October

• The unions will also conduct a meeting on Sunday afternoon to decide their future course of action
• The deaths come two days after the Telangana High Court asked TSRTC-JAC leaders and state government to hold talks

Indian in FBI's top 10 most wanted list, biggest ever hunt launched

• Bhadresh Kumar Patel, who hails from Viramgam in Ahmedabad, figures in the FBI's top 10 list of most wanted fugitives and carries an award of $100,000
• FBI considers Patel as a cold-blooded murderer and an 'extremely dangerous' criminal who killed his young wife at a Dunkin' Donuts store in Hanover

Film review: 'Laal Kaptaan' is fertile but frustrating

• A sadhu is out for revenge in Navdeep Singh's period Western
• The film is set in 18th century north India, in the years after the collapse of Mughal rule

ED gets custody of Wadhawans till 22 October in PMC Bank case

• Another depositor of the bank died after his family failed to arrange for funds to pay for a heart surgery
• Rakesh and Sarang Wadhawan were sent to ED custody in connection with the ₹4,355 crore PMC scam

Opinion | World’s longest flights aren’t meant for cattle class

For all the hardship of spending a day cooped up with the body odors of a couple of hundred other humans, long-haul flying isn’t a particularly attractive business for airlines, either