Adani, Cube, IRB Infra, Canada’s CPPIB in race for 9 NHAI roads

• NHAI has put up the road stretches in UP, Jharkhand, Bihar and TN for toll-operate-transfer auctions
• NHAI sets the initial estimated concession value (IECV) for the third TOT at ₹4,995.48 cr

MAT breather to give a leg-up to bankruptcy resolution and M&As

• Analysts say the MAT exemption will lead to better realization of the asset sale
• The Taxation Laws (Amendment) Ordinance exempts companies opting for the lower corporate tax rate of 22% and new manufacturing firms eligible for 15% tax rate from payment of MAT

After Sitharaman’s tax bonanza come the big challenges

• The fiscal deficit can be even higher than 4% if GDP does not grow by 12% as the budget expects it to
• One option for the government is to push through genuine disinvestment by selling PSEs to private firms

Connecting dots to automate digital payments

• Sahil Kini and Nikhil Kumar, who earlier worked on Aadhaar and UPI, are rolling out the first of their financial products
• Setu’s Collect serves as the link between payment apps and the service a customer is paying for

The bits of code pushing the next leap in online transactions

• Payments serve as a good entry point for digital transactions, but the real game-changer for financial inclusion is mobile access to banks, loans and deposits
• The main challenge is in reaching rural areas where merchants prefer cash, and digital access is poor

Dr.Reddys halts worldwide supply of Ranitidine until FDA probe over

• Ranitidine is an over-the-counter and prescription drug which decreases the amount of acid created by the stomach
• The FDA in a statement on 13 September had said it is working with international regulators and industry partners to determine the source of N-nitrosodimethylamine impurity in Ranitidine

IndiGo’s looking to add more global destinations next year: CCO Boulter

• ‘Starting 3 Oct, we are flying to Hanoi (Vietnam), 18 Oct to Guangzhou (China), and Ho Chi Minh City (Vietnam) on 20 Oct.’
• IndiGo will review codeshare agreement opportunities in Myanmar with local carriers, but has no specific target at the moment

Tax cut may help firms improve profitability

• Analysts upgrade earnings growth estimates, see more FII inflows
• Tax cut may lead to earnings benefit of 11-12% for capital goods, metals, banks, automobiles

High intensity workouts don’t suit me: Premanshu Singh

An alumnus of IIM-Ahmedabad, Premanshu Singh worked with ITC and J&J before becoming an entrepreneur in 2011

Govt working on measures to make steel sector 'globally competitive'

• Despite short-term challenges and the current slowdown, it is believed that India's long-term growth story remains intact, the ministry added
• This growth must be backed by the steel sector by making the industry principally and fundamentally stronger, it further said

Altico says evaluating options after default

• NBFCs and HFCs have been stung by liquidity crisis after the collapse of behemoth IL& FS late last year
• Altico said it needed time from stakeholders to craft a plan that might 'maximize asset value' and called on all stakeholders to 'refrain from actions that exacerbate the liquidity problem'

Lodha group to sell 7 lakh sq ft office space in Mumbai to Singapore firm

• The deal is likely to be concluded by the end of the next month, sources said
• The company had earlier sold four floors in this building in Wadala, Mumbai, to Tata group firm Trent Tesco for around ₹250 crore

BSNL pays August salaries to staff: CMD

• BSNL's loss is estimated to be around ₹14,000 crore with a decline in revenue to ₹19,308 crore during 2018-19
• The number of employees in BSNL stands at 1,65,179

Altico Capital COO Sanjeev Agrawal takes charge after CEO’s sudden exit

• Altico Capital says the COO has the full backing of the board
• The company says it is committed to maintaining an open and active dialogue with all stakeholders

Amazon expands two-hour Whole Foods delivery to catch Walmart

• Prime subscribers looking for speedy grocery delivery needed to download a separate Prime Now app
• Amazon is betting that offering the service on the main site will pull in more shoppers

IndiGo to keep up to a fifth of its seats empty on Delhi-Istanbul flights

• "These flights consume more fuel, so as a safety measure, should carry less load," DGCA official said
• IndiGo, which started its Delhi-Istanbul route earlier this year, operates Airbus A320 and A321 aircraft on the route

Jet Airways founder Naresh Goyal in trouble as ED may go for independent audit

• According to a senior ED official, Jet Airways founder Naresh Goyal had registered 19 privately held companies, five of which were registered abroad
• ED official said that the agency would 'decide how to proceed as the investigation is still on and some gaps have been observed

Pepperfry eyes IPO in 15 months, opens warehouse in Bengaluru

• The warehouse in Hoskote area of Bengaluru is spread across 360,000 sq. ft, roughly the size of 6 football fields
• The Bengaluru warehouse is among the company’s three large 'mother hubs'

Zomato rolls out 'Gold' program on delivery

• Zomato Gold users will be able to use their membership while ordering food delivery
• Zomato Gold was launched in 2017 as a membership program that would give diners orders on eating out

Amid tax euphoria, fiscal slippage concerns

• The yield on the 10-year government bond settled at 6.789%, up 15 basis points—its maximum gain since 7 Jan
• As a result of the revenue forgone, fiscal deficit can rise to 4% of GDP, compared with the projection of 3.3%