Business Highlights

New Delhi, November 3 () The following are the main business stories at 1840 on Sunday:

DEL 30 BIZ-WHATSAPP-SPYWARE WhatsApp says the government warned of the spyware attack in September as well; IT Min says the above information was inappropriate New Delhi: WhatsApp had informed the Indian government in September that 121 Indian users were attacked by Israeli spyware Pegasus, but the IT ministry said the information received from the message application was previously inadequate and incomplete, according to sources.

DCM10 BIZ-JIO-PRASAD-DUES Telco's rescue will be a scorn of SC; will set a bad precedent: Jio to Prasad New Delhi: Continuing its fight for a level playing field, Reliance Jio has written to Telecommunications Minister Ravi Shankar Prasad saying an unexpected financial gain for Bharti Airtel and Vodafone-Idea by giving up criminal action on the unpaid legal fees of the last 14 years. will violate the recent ruling of the Supreme Court and set a bad precedent for wandering companies. DCM12 BIZ-AUDIT FIRMS Regulatory actions fueled fears of talent flight between audit firms New Delhi: in the midst of an offensive against wandering auditors in cases of alleged financial irregularities, some experts and senior executives of some audit firms are sounding the alarms about a possible flight of new talent of the profession. DCM16 BIZ-PRASAD-BSNL Prasad orders BSNL, MTNL to proceed quickly in VRS, asset monetization plans New Delhi: Telecommunications Minister Ravi Shankar Prasad has ordered BSNL and MTNL to implement VRS guidelines quickly and initiate proactive measures to monetize assets in a limited time, making it clear that they have to be more aggressive in the telecommunications market, sources said. DCM7 BIZ-DISCOM DUES The outstanding Power Gencos quotas on discoms increased by 37% to Rs 70,000 cr in September in New Delhi: the total outstanding quotas of energy producers owed by distribution companies increased by around 37% to Rs 69,558 crore in September 2019 during the same month last year, reflecting the stress in the sector. DCM17 BIZ-MARKET-OUTLOOK Second quarter earnings, macro data key for the markets this week: New Delhi analysts: Quarterly earnings of blue chips such as HDFCs, macroeconomic data points and global signals would boost the sentiment of the equity market this week, analysts say. DCM15 BIZ-FPI-INFLOW FPIs remain net buyers for the second consecutive month; Infuse Rs 16,464 cr in October New Delhi: Continuing their shopping streak for the second consecutive month, foreign investors injected a net crore of Rs 16,464 million into Indian capital markets in October amid national and global positive signals. DCM8 BIZ-SHIPS-PLASTIC-BAN Indian ships will ban on-board bags of potato chips, bottles and other single-use plastics from January 1 New Delhi: January 1, and Indian ships will ban a large ship on board Amount of single-use plastic products, including ice cream containers, cups of hot plates, microwave dishes and bags of chips. MKJ MKJ

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