DHFL fixed depositor dies, family says shock of withheld money killed her

• Over a lakh of fixed deposit holders in DHFL are stuck in a quagmire even as banks work on a rescue plan for the stressed mortgage lender
• The society also gives loans, grants for welfare activities, loans for construction, purchase of houses and flats to serving members

Flipkart to collect plastic packaging back from customers

• The pilot project aims at ensuring existing plastic packaging in the system is recycled and reused, Flipkart said
• Flipkart said it will send out an intimation to consumers asking them to voluntarily hand over plastic packaging to its delivery staff for its proper disposal, at the time of product delivery

A four-year-old bank makes more profit than 17 PSU banks combined

• PSU banks saw growth fall from 8% to 5% year-on-year, while private sector bank growth was down from 22% to 14%
• The burden of non-performing assets (NPAs) continues to take a toll on the profitability of PSU banks

Disney Plus surpasses 10 million subscribers on launch day

• Disney mobile app was downloaded 3.2 million times within the first 24 hours of the streaming service's launch
• Analysts projected that Disney would have anywhere between 10-18 million subscribers in its first year

Why Jeff Bezos picked books to be Amazon's first product

• A rediscovered 1997 video reveals why Jeff Bezos chose books to be Amazon's first product
• Not just selling books online, Amazon has 526 physical retail locations globally, including 19 Amazon Books stores

Jio's ₹149 recharge plan: Data offer, validity period changed

• Jio has now changed its ₹149 plan by decreasing its validity period, data offer and adding free IUC voice calls
• Jio now has five all-in-one recharge packs

High levies, low tariffs double whammy for telecom industry

• Indian telcos, which offer cheapest data, pay more for airwaves, a situation that has proved ruinous for many
• Effectively, of every ₹100 telcos receive from customers, the government gets ₹30

Yes Bank faces fresh audit into complaints by whistleblower

• The audit committee of Yes Bank’s board had ordered the special audit into complaints received in 2018
• The bank’s notes to accounts for the quarter ended September 2019 describes the nature of the complaint

Retail inflation: The options before Reserve Bank of India

• RBI may do a balancing act between checking inflation and pushing growth in its December policy
• Apart from the inflation data, the MPC will also look at the recent data on factory output, which shrank for the second straight month in September

DoT tells telecom operators to start self-assessment of dues

• On 24 October, SC directed telcos to pay at least ₹92,000 crore in past dues to the govt within three months
• DoT’s letter comes about three weeks after SC rejected the definition of AGR proposed by telcos

Clear revenue share dues as per SC order: DoT to telcos

• The DoT has given option to telecom operators to clear all the dues on self-assessment basis
• As per DoT's estimate, liability of Bharti Airtel Group is ₹62,187.73 crore, Vodafone Idea ₹54,183.9 crore and BSNL and MTNL ₹10,675.18 crore

BSNL to raise ₹15000 crore through sovereign bonds next month

• The cabinet decision last month had paved the way for MTNL to be a subsidiary of BSNL and the firms can raise ₹15,000 crore on sovereign bonds
• The package includes raising of ₹15,000 crore sovereign bonds to meet the immediate capital requirement

HDFC Bank to have 200 branches in north-east region, hire 2,000 people

• The lender will hire around 1,500 people in the next one year in Assam as the bank plans to increase the number of its branches from 72 to 100
• Sandeep Kumar said that 56% of its branches in Assam are in semi-urban and rural areas

Indian Oil Corp in talks with Rosneft to import Russian oil

• Oil minister Dharmendra Pradhan said late on Monday that India is open to importing oil from Russia
• India, the world's third-biggest oil importer and consumer, ships in about 60% of its overall crude needs from the middle eastern countries

Consumer goods firms tap promotions to drive up volumes

• Falling input costs of raw materials in the past few quarters have also enabled firms to pass on benefits to buyers
• FMCGs are likely to post their worst revenue growth in 15 years as the slowdown intensifies on lower farm income, liquidity crunch and rising unemployment

Amazon launches 'Project Zero' in India to block counterfeit goods

• Project Zero introduces additional proactive mechanisms and powerful tools to identify, block and remove counterfeits, Amazon said
• Over 7,000 brands have already enrolled in Project Zero across US, Europe and Japan

State-owned fuel firms wary as India opens up oil retail market

• The move to allow all firms with a net worth of ₹250 crore to set up fuel retail outlets aims to boost investment
• The change in the fuel retail policy will definitely lead to an increase in competition and the customers will benefit, IOC chairman said

Need to adopt cautious approach to avoid inviability of rise in outlets

Opening up the fuel retail sector may open the floodgates for investors, the government needs to adopt a cautious approach as opening an uncontrolled number of outlets may led to inviability of many existing as well as new outlets

Multiple policy flip-flops push telecom industry to a corner

• The sector seems headed towards a duopoly market again, which is ironic given that this is how it all began
• The poor returns of the sector for most of its history has sunk many a large company

Opinion | New fuel marketing norms will enhance country’s supply infra

The new guidelines will lead to improved efficiencies in retail marketing