Top 10 biz headlines: Deposit insurance, dip in inequality gap, and more

From India Inc Q2 profit hitting a 15-yr low to Airtel withdrawing bid for RCom assets sale, here are the top 10 business headlines for the day.

Deposit insurance may be raised to Rs 5 lakh; new wholesale plan in offing

Bank deposit insurance in the country may be split into two categories, with retail cover being raised to Rs 5 lakh, from the current level of Rs 1 lakh; and a new scheme being introduced for wholesale depositors at Rs 25 lakh. When given effect, it will be the first upward revision in deposit insurance after 1993. Read more.

NSO's junked consumer expenditure survey shows inequality gap declining

Top income earners cut down sharply on their expenditure, dragging consumer spending down for the first time in