Oracle co-CEO Mark Hurd passes away

• The company announced last month that Hurd was going on medical leave, without providing any details
• Mark Hurd, 62, was one of Oracle's two CEOs, the other being Safra Catz

Swiggy eyes 100 mn customers using the app over 15 times a month in 10-15 years

• 'If some of our growth estimates come true, it won’t take long before we will be the third-largest source of employment in India,' says CEO Sriharsha Majety
• Currently, Swiggy clocks nearly 1.4 million food orders daily across India, compared with about 700,000 orders per day a year ago

Retail, digital drive RIL's Q2 net profit to a record high of ₹11,262 crore

• Consumer-facing businesses offset energy weakness in September quarter
• RIL’s outstanding debt as on 30 September was ₹2.91 trillion, compared to ₹2.87 trillion on 31 March

Here's how the Singh brothers stripped Religare bare of ₹3,000 crore

• The FIR against the duo along with erstwhile CEO Sunil Godhwani provides details of the modus operandi
• Internal inquiries showed that the poor financial condition of Religare Finvest was, to a large extent, on account of wilful defaults

India is much more vibrant compared to global markets: Publicis Media CEO

Publicis Groupe and Media's CEO Steve King talks about India being Publicis Groupe’s fastest-growing market, and word-of-mouth driving purchases in an interview with Mint. Here are excerpts

Coca-Cola says India now fourth-largest market for its 'smartwater' brand

• Its 'smartwater' is sold as a premium product globally and became the beverage giant's fourth water brand to be launched in India
• In the Asia-pacific region unit case volume grew 4%, the company said

PMC Bank scam: HDIL's Wadhawans get ED custody till 22 October

• The duo had been arrested by the Economic Offences Wing (EOW) of Mumbai Police in connection with the case earlier this month
• ED took custody of Wadhwans and brought them to the ED office for questioning

MPC debates if monetary easing is enough to revive the economy

• A section of MPC felt that further fiscal measures by government were warranted to deliver the desired results
• RBI governor Shaktikanta Das emphasized the need for fiscal prudence by the government amid concerns of widening deficit

Reliance Jio Q2 net profit at ₹990 crore; ARPU falls to ₹120

• The company’s operating revenue rose 33.7% year on year to ₹12,354 crore
• ARPU stood at ₹120 with 355.2 million subscribers of September end

Reliance Industries Q2 net profit jumps 18% to a record ₹11,262 crore

• GRM at $9.4 per barrel; best in four quarters
• Revenue from operations grew 4.8% to ₹1.64 trillion

China's GDP growth slows to 6% in Q3, slowest since 1992

• The GDP figures emerged just one week after the US and China reached a tentative trade truce to avoid more damages to the world's two largest economies
• The slowdown comes despite government efforts to support the economy, including measures such as tax cuts

Delta Corp climbs 7% as DMart owner Radhakishan S. Damani buys stake

• The stock of Delta Corp ended up 5% at ₹187.4 while that of Avenue Supermarts Ltd, which runs the DMart chain, settled largely flat at ₹1,924.1 in today’s session

TikTok appoints Nikhil Gandhi as India head

• Gandhi will focus on inspiring creativity among TikTok's users
• As India TikTok head, he will prioritize key initiatives, such as #EduTok, that benefit the community

US imposes record $4.5 bn tariffs on EU goods, targeting Airbus, wine and whisky

• The tariffs came after talks between European officials and US trade representatives failed to win a last-minute reprieve
• The WTO-endorsed onslaught from US President Donald Trump also comes as Washington is mired in a trade war with China

Retail sales of passenger vehicles plunges 20% in September: FADA

• 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

Streaming war set to intensify. New shows from Netflix, Apple TV and Disney

• Apple has earmarked billions of dollars to create original programming for its streaming service, Apple TV
• Disney has several new shows and will offer a library of more than 1,000 movies and series

AirAsia India flights on new route starts this week, tickets from ₹1,315

• AirAsia India will start a daily flight on Delhi-Jaipur route from October 20
• AirAsia India had recently announced flights from Agartala to destinations like Guwahati, Imphal, Kolkata and New Delhi

L&T to buy out partner in L&T IDPL, make it fully-owned arm

• The engineering giant will buy out the 2.5% shareholding of the long-time investor in L&T IDPL for Rs47.99 crore
• L&T said it was buying out its partner as a gesture of goodwill towards a longtime investor

Snapdeal sees 90% of Diwali sales from non-metros

• For Snapdeal, the strong performance continues, with orders consistently at more than 1.5 times that of last Diwali
• The first time users surged across cities like Nashik, Surat, Chandigarh, Panaji and Guwahati

After Edelweiss AMC, Kotak, Axis MFs too move HC against DHFL

• Bombay High Court has granted four weeks time for the parties to file replies
• The court also allowed Edelweiss AMC's prayer to disclose all assets and liabilities of the non-bank lender