Axis Bank raises ₹12,500 crore via QIP from GIC, others

• The fundraise makes Axis the third bank to raise funds via a QIP this year
• Axis Bank sells shares in the QIP at ₹628-629 per share

SBI to roll out co-lending model with 4-5 NBFCs

• Under the co-lending model, the bank will have an exposure between 70 and 80% while the rest will be borne by the NBFCs
• It has been a year since the RBI laid out the framework for co-origination of loans by banks and NBFCs in the priority sector

Big Oil’s future may rest on climate debate over natural gas

On Monday, CEOs of the world’s largest oil companies are expected to speak at an event organized by the Oil and Gas Climate Initiative where they’ll likely defend the idea that gas is integral to a low-carbon future

Cipla announces closure of USFDA inspection at Bengaluru facility

• The company had earlier said that USFDA issued seven observations after conducting a routine 'CGMP inspection'
• Cipla announced the closure of inspection by the US health regulator at the company's API manufacturing facility in Bengaluru

We are committed to meet India's energy security needs: Saudi Arabia

• A series of drone and missile attacks on oil facilities of Saudi Aramco, the country's national petroleum company, on September 14 knocked out half of its daily oil production
• Saudi Ambassador Dr. Saud bin Mohammed Al Sati said his country will invite the United Nations and international experts to view the situation

CARE downgrades Reliance Capital’s ₹17,000 crore debt to default grade

• CARE Ratings has downgraded Reliance Capital’s ₹17,000 crore debt to default grade ‘D’ from stable ‘BB’ earlier
• Reliance Capital said the delay was caused due to 'a technical glitch in bank servers, and the payment went through on the very next bank working day i.e. 11 Sept 2019

UK fintechs want to enter Indian start-up sandboxes

• Peter Estlin, Lord Mayor of the City of London, speaks about the city’s interest to allow its fintech firms to operate in foreign markets and 'allow for a cross-fertilisation of ideas'
• India and the UK have been among the top five investors in each other’s economies since 2010

Petronet to invest $2.5 bn in Tellurian’s Louisiana project

• Tellurian and Petronet will endeavour to finalize the transaction agreements by 31 March 2020
• India has been pushing for a gas-based economy and plans to connect 10 million households to piped natural gas by 2020

India Overseas Bank raises ₹500 crore via bonds

• The base size of the issue was ₹500 crore with a greenshoe option of ₹300 crore
• The bank received bids worth ₹855 crore with various coupon rates

Corporate tax cut to have 'minor' impact on fiscal deficit: Niti Aayog

• 'I don't think tax cuts will leave a gaping hole in the fiscal numbers. There will be some, which will be minor'
• The budget had estimated fiscal deficit at 3.3% of GDP for the current fiscal year

Zoya Akhtar’s ‘Gully Boy’ is India’s official entry to Oscars 2020

• 'Gully Boy' is the story of a young man from the Mumbai slums who uses rap music to break free from his circumstances
• It had earned ₹134 crore in domestic box office collections upon release this February

Platinum Guild International launches men’s jewellery

• In the Men of Platinum campaign, the company equates the rarity of the metal with the strength of character
• The campaign has been created by advertising agency Famous Innovations

India to leverage its Strategic Energy Partnership with US

• This comes in the backdrop of Prime Minister Narendra Modi’s visit to the energy resource rich country where he will be addressing an energy round table in Houston on Sunday
• US secretary of state Michael Richard Pompeo has promised India of adequate crude oil supplies even as India

Bollywood pushes nepotism with little success, but persists

• Since 2000, about 22 eminent names have launched-by either producing or directing (or both)-their children and other relatives
• While the nepotism debate gains stronger ground in Bollywood, industry experts are quick to point out that names like Ranbir Kapoor and Alia Bhatt have proven their mettle

Some good news for struggling consumer goods companies

• Firms can now increase spend on promotions to stimulate demand during the ongoing festive season
• The FMCG sector had been struggling with consumers demand slowdown in daily staples and discretionary items

Failed ATM services: RBI tightens norms for banks, up penalties

• RBI prescribed a turnaround time (TAT) for banks to settle failed transactions for customers and notified compensations payable for various types of customer complaints
• The compensation should be done suo motu by the bank, without waiting for a complaint or a claim by a customer

Should your mobile and landline number be the same? TRAI wants to know

• The total number of telephone subscribers in India stands at 1186.63 million as of June end
• The government has already said that 13 digit numbers will be used for machine to machine communication

Netflix announces ‘Drive’, first original film with Dharma Productions

• The film Directed by Tarun Mansukhani, stars Jacqueline Fernandes, Sushant Singh Rajput, Boman Irani, Pankaj Tripathi, Vibha Chhibber, Sapna Pabbi and Vikramjeet Virk
• Earlier this month, Netflix had announced a partnership with Johar’s Dharmatic Entertainment

Millenials leading consumption in smaller cities: Paytm Mall ahead of mega sale

• Around 50% of Paytm Mall's base that is leading is in the 19-25 year age group. Many of these are people spending their first salaries: Paytm Mall senior vice-president Srinivas Mothey
• There was a minor 5% dip in consumer electronics, especially in the smartphone category

Media companies set to benefit from cut in corporate tax rate

• According to media industry experts, this means positive news for the newspaper, television and other segments, which have been struggling with a fall in advertising revenues
• The share of print in total advertising fell to 32% in FY19, against 35% in FY18: KPMG media and entertainment report 2019