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

Q2 Results: What Reliance Jio's seventh consecutive ARPU decline means

• Despite the growth in all these metrics, its average revenue per user fell as most of the subscribers added were low-paying users
• A declining ARPU means subscriber additions on the network outpace its growth in revenue

HDFC Bank clarifies on 'stamping passbooks' to comply with RBI guidelines

• The image caught the attention of the netizens amidst apprehensions of the ongoing crisis of the PMC Bank
• The bank issued a statement after an image of the passbook having a stamp of deposit insurance cover was widely circulated on social media

Reliance Jio adds 84.45 lakh subscribers in August: TRAI

• Jio's total subscriber base now stands at 34.82 crore
• Vodafone Idea lost 49.56 lakh subscribers during the month, bringing its subscriber base down to 37.5 crore

Millennials in India prefer to own/lease car over cab hailing apps: Report

• A majority of millennials (75%) globally expect to purchase or lease a car within the next five years
• Factors, including environmental concerns, city-dwelling and availability of public transportation and ride-hailing services, have not dampened millennial interest in car ownership

Andhra Pradesh, Telangana discoms payment delay may weaken credit outlook

• According to Crisil, few renewable energy producers are managing the stress arising from payment delays
• Crisil has analysed 10 companies which have won around half of the projects awarded in the past two years

Friday Film Wrap: ‘Laal Kaptaan’ competes with a bunch of small releases

• Epic action drama 'Laal Kaptaan' starring Saif Ali Khan, Zoya Hussain and Manav Vij directed by Navdeep Singh is a hollow period drama
• Comedy drama 'Life Mein Time Nahi Hai Kisi Ko' starring Rajneesh Duggal and Krishna Abhishek directed by Manoj Sharma has no one theme that the filmmaker has stuck to

Bank strike: SBI branches will not be much affected next week

• Two bank unions have called for an all-India bank strike on October 22 against bank mergers
• Only few SBI bank employees are part of the two unions which have called for the bank strike

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

Consumption in rural India hits a 7-year low

• Farm distress, stagnant incomes have eroded demand, shows Nielsen data
• Consumption in rural areas grew at 5% in terms of value in the Sep quarter, while in urban India, the growth was 8%

Mobile users cannot submit port out requests between Nov 4-10

• Under mobile number portability (MNP) subscribers can switch operators without changing their mobile numbers
• Trai has also laid out the modalities for the switchover to the new regime, which will come into effect from November 11

CSB Bank may launch share sale next month

• Investment banks Axis Capital and IIFL Securities are managing Kerala-based private sector lender’s IPO
• Last year, Canadian billionaire Prem Watsa’s Fairfax India Holdings Corp. had acquired a 51% stake in CSB Bank for around $168 million

Rail link for moving coal from SECL mines in Chhattisgarh becomes operational

• 44-km long new railway line in Chhattisgarh under East Rail Corridor from Kharsia to Korichapar turned operational on 12 October
• The critical rail link is part of the govt’s plan of improving India’s coal connectivity and will help add incremental freight traffic to the railways

Jio, Airtel differ on how long your phone should ring

• Vodafone Idea has batted for the ringer time to be set at 30 seconds
• This was a tit-for-tat move after its bitter rival Jio did the same

Trai to issue regulation on call ringer time in 2 weeks

• Trai had on 16 September floated a consultation paper on the matter
• Last month, Airtel shot off a letter to TRAI, saying that it has cut the ringing time for outgoing calls on a rival network to 25 seconds from 45

Govt to build 30 gigawatts of renewable plants along Gujarat, Rajasthan border

• The projects, which will be spread across Gujarat, Rajasthan, are part of efforts to expand India’s renewable capacity and reduce the share of fossil fuels in its energy mix
• PM Modi has pledged to cut the emissions intensity of India’s GDP by a third by 2030 from 2005 levels to fight climate change

Realty sector under pressure and outlook is pessimistic, says survey

• The current sentiment of the real estate stakeholders on the supply side plummeted further in the July-September quarter
• The real estate sentiment index is based on a quarterly survey of key supply-side stakeholders

Film Review: 'Downton Abbey' will delight fans of the series

• Michael Engler's film, written by Julian Fellowes, picks up where season 6 had ended
• The estate is preparing for a royal visit by King George V

PMC Bank scam: Wadhawans ready to sell yacht, BMW, other assets to pay off dues

• Wadhawans own ultra-luxury cars such as a Rolls Royce Phantom, Bentley Continental and BMW 730 LD
• The Wadhawans have been remanded to judicial custody in the PMC Bank scam

Amid a funding squeeze, NHAI seeks bids for fourth bundle of road assets

• The nodal agency has set a concession value of ₹4,170 cr for the seven road assets totalling around 401km
• NHAI has so far conducted three TOT auctions, with varying degrees of success