Morning News Round-up:

Ø  US budget deficit drops to $435 billion, office says

Ø  Govt plans to seek special dividend from top PSUs to meet tax deficit

Ø  ‘China faces unprecedented eco policy challenge’

Ø  Moody’s maintains US credit rating and stable outlook

Ø  US dollar is own worst enemy, says London hedge fund

Ø  Tea Board enforcing PPC to check excess use of chemicals

Ø  RBI to be payment aggregator for GST

Ø  Sebi steers clear of fresh probe in NSEL scam

Ø  Redington to acquire Turkey based Linkplus

Ø  SC refuses to modify order restricting use of Aadhaar cards

Ø  Govt should allow FDI in multi-brand through PPP: Assocham

Ø  Insurance Regulator may allow long term products in health

Ø  India’s solar installations set to quadruple in two years

Ø   Tesco shows signs of recovery after profit collapse

Ø  BSE to conduct PAN-based self-trade prevention checks from Oct 12

Ø  Indian pharma sector likely to achieve $55 bn turnover by 2020

Ø  Additional spectrum: Court to pass order on charge on Oct 15

Ø  Tata Steel UK’s deficit in pension scheme stands at $138 m

Ø  IMF warns emerging markets of risk from external shocks

Ø  Maharashtra govt orders Lavasa to return 191 acres of land to tribals

Ø  ONGC boosts spending as exploration costs likely to drop

Ø  Volkswagen halts sale of Polo models in India

Ø  75% of Jaypee Group’s debt has default rating

Ø  ArcelorMittal exits Algeria by handing over stakes to govt

Ø  Sensex jumps 103 points up on global cues, strong rupee, Nifty settles at 8,177;

Ø  Air India to raise Rs 700-cr bank loan to pay for 6 Dreamliners

Ø  RBI’s e-Kuber be used for a/c settlement under GST: Panel

Ø  Trucks entering Delhi to pay environmental tax: NGT

Ø  PM Narendra Modi’s Make-in-India plan could hurt IAF

Ø  HC restrains Glenmark from business of anti-diabetes drugs

Ø  ONGC, Cairn seek relief from high crude tax

Ø  Punj Lloyd enters transmission, distribution segment

Ø  Jubilant Life gets USFDA nod for Indomethacin capsules

Ø  Mercedes-Benz India sales up 34% in Jan-Sep period

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