quick reads

The business wrap: GVK wins bid to construct Navi Mumbai airport, and seven other top stories

Other headlines: A survey found that corporate India cut costs on Diwali gifts this year, and Maharashtra released Rs 4,000 crore to waive farmers’ loans.

A look at the headlines in the sector:

  1. Maharashtra government approves GVK’s bid to construct Navi Mumbai International Airport: The proposal, approved by a Maharashtra government panel, will be presented before the Cabinet on October 31.
  2. Corporate India cut costs on Diwali gifts this year by at least 35%, finds Assocham survey: Companies lowered their spending because of demonetisation troubles, debts and the economic slowdown, the organisation found.   
  3. Maharashtra begins process to waive farmers’ loans, releases Rs 4,000 crore: Nearly Rs 3,200 crore will be used to write off the loans, and the rest will be distributed as incentives among farmers who pay their loans back on time.   
  4. 8 Google Play apps contain malware, millions of devices compromised, according to Symantec: On Google Play, the apps claim to help users modify the look of the characters in the game ‘Minecraft: Pocket Edition’.  
  5. Hyderabad, Mumbai, Delhi airports among 5 Indian ones that top service quality lists, says  survey: Jaipur and Srinagar airports were also in the top two in their categories. 
  6. Twitter lays down rules to go tougher on online sexual abuse in the next few weeks, reported Reuters: Recently, CEO Jack Dorsey had said the social media platform will take action against posts with unwanted sexual advances and non-consensual nudity. 
  7. Chartered flights may soon be available as aggregated services like Ola and Uber, says report: Companies believe that the move could help reduce costs by up to 50% and overall flying time.  
  8. Maharashtra transport workers’ strike enters third day as talks with government fail: Unions have been negotiating with the administration but have refused to call off their protest till they are paid better salaries.  
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This article was produced by the Scroll marketing team on behalf of SBI Life and not by the Scroll editorial team.