Top Headlines: Factory output rises 3.6%, Blackstone to buy Piramal Glass

IPL boosts Hotstar's subscriber base, Standard and Poor's downgrades Sri Lanka's sovereign credit rating and more top headlines of the day

Industrial production up 3.6% in October

Industrial production rose 3.6 per cent in October, mainly due to better performance of manufacturing and electricity generation sectors, official data showed on Friday. Manufacturing and electricity generation sectors registered a growth of 3.5 per cent and 11.2 per cent, respectively. Read here

Blackstone to buy Piramal Glass for $1 billion
 

Blackstone Group Inc. has agreed to acquire the glass unit of Indian conglomerate Piramal Enterprises Ltd. for about $1 billion, according to people with knowledge of the matter. The transaction could be announced as soon as in the next few