Sebi chief Ajay Tyagi during a press conference after the board meet in Mumbai on Monday (Photo: Aniruddha Chowdhury/Mint)
Ritesh Agarwal-founded Oyo saw consolidated revenue jump to $951 million in FY19 (Photo: Bloomberg)
Ritesh Agarwal-founded Oyo saw consolidated revenue jump to $951 million in FY19 (Photo: Bloomberg)

Oyo's loss rises sevenfold but says no brakes on expansion

  • The hospitality firm reported widening of its consolidated net loss to $335 mn for the financial year ended March 2019, mainly on account of international expansion
  • Oyo’s loss in its oldest market India narrowed to 14% of revenue in the last fiscal from 24% in the year-ago period

The telecom department is actively engaging with telecom operations, says FM Nirmala Sitharaman (Photo: Mint)
The telecom department is actively engaging with telecom operations, says FM Nirmala Sitharaman (Photo: Mint)

Vodafone Idea, Airtel make partial payments after SC tough talk

  • SC refuses to entertain Voda Idea plea that sought directions to DoT not to take coercive steps
  • While Vodafone Idea on Monday paid 2,500 crore to DoT and will cough up an additional 1,000 crore before the end of the week. Bharti Airtel has deposited 10,000 crore

RIL board had approved funding of  ₹4,000 crore for taking over Network18. (Mint )
RIL board had approved funding of 4,000 crore for taking over Network18. (Mint )

RIL to merge its distribution, media business into Network18

  • The broadcasting business will be housed in Network18 and the cable and ISP businesses in two separate wholly owned subsidiaries of Network18
  • RIL had in November 2014 taken over Network 18 Media and Investments Ltd through its Independent Media Trust

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Plain Facts
The central bank had superseded DHFL’s board on 20 November 2019 and, subsequently, had referred the mortgage lender to the National Company Law Tribunal.  (Photo: Aniruddha Chowdhury/Mint)
The central bank had superseded DHFL’s board on 20 November 2019 and, subsequently, had referred the mortgage lender to the National Company Law Tribunal. (Photo: Aniruddha Chowdhury/Mint)

DHFL receives interest from at least 15 bidders

  • KKR India, Welspun and Adani among suitors interested in taking over the business
  • DHFL’s creditors will meet on 20 Feb to discuss EoIs received from prospective investors

Of the total bids received for its three-year long-term repo operation, RBI accepted  ₹25,035 crore bids. (Pradeep Gaur/Mint )
Of the total bids received for its three-year long-term repo operation, RBI accepted 25,035 crore bids. (Pradeep Gaur/Mint )

RBI receives 1.94 trillion bids for repo operation

  • The RBI move is aimed at providing cheaper money to banks at the repo rate so that it can be used to boost credit growth
  • The central bank also withdrew the daily fixed rate repo and four 14-day term repos every fortnight

China’s three largest airlines reported declines in January passenger traffic because of the coronavirus outbreak
China’s three largest airlines reported declines in January passenger traffic because of the coronavirus outbreak

Coronavirus live update: WHO warns against blanket measures over deadly virus

  • China has total now 70,548 confirmed cases, and 1,775 deaths, according to its National Health Commission
  • China’s Hubei reported 1,933 additional confirmed cases for and more than 100 deaths on February 16

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Photo: Hindustan Times
Photos: Reuters
Photos: Reuters

How startups crack the profits puzzle

  • Nudged by investors, many startups are abandoning a growth-at-all-costs approach. Here’s how
  • Surveys have shown that there is a strong need for offline touchpoints, which would allow customers to see and get a sense of the products they saw online

NSE is awaiting a forensic audit on Karvy and is yet to label Karvy as defaulter
NSE is awaiting a forensic audit on Karvy and is yet to label Karvy as defaulter

Karvy plans stake sale to honour client payouts

  • Karvy has told NSE it will pay fund shortfall of 678 crore by March, said Sebi chairman Ajay Tyagi
  • On 22 Nov, Sebi barred Karvy from acquiring new clients and using power of attorney, thereby preventing the company from trading on behalf of clients

The country’s largest airline IndiGo reported a decline in capacity utilization from 90.1% in December to 87.8% in January
The country’s largest airline IndiGo reported a decline in capacity utilization from 90.1% in December to 87.8% in January

Air travel volume shows muted growth in January

  • Domestic airlines carried 12.78 million passengers in January 2020 against 12.5 million in the same month a year ago
  • The DGCA report said that barring Vistara, all domestic airlines reported a decline in capacity utilization in January compared to December

Reserve Bank of India (RBI) Governor Shaktikanta Das. (PTI)
Reserve Bank of India (RBI) Governor Shaktikanta Das. (PTI)

Govt must continue reforms; green shoots of recovery need to sustain: RBI Guv

  • The RBI saw an imminent slowdown in growth early in 2019 and used the space that was opened up by the moderation in inflation to cut interest rates
  • Green shoots are now visible and need to be sustained to pull India out of its current slowdown

Photo: Bloomberg
Mark to Market
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Photo: iStock
Photo: iStock

Opinion | Machines are struggling to recognize people in China

The country’s ubiquitous facial recognition technology has been stymied by face masks

In the past one year, Airtel shares have doubled, making it the biggest gainer among Nifty stocks. (Photo: Pradeep Gaur/Mint)
(Photo: Mint)
(Photo: Mint)

Sebi board clears regulatory sandbox for registered entities

  • Sebi allows registered entities to test new products, services in a live environment on select customers
  • The proposed 'regulatory sandbox' is intended to serve as a testing ground for new business models and technologies that benefit investors, Indian markets and the economy at large

Photo: Aniruddha Chowdhury/Mint
Photo: Aniruddha Chowdhury/Mint

SBI Cards gets Sebi's go ahead to float IPO

  • SBI holds 76% in SBI Cards and rest of the stake is held by Carlyle Group
  • Sebi's observations are necessary for any company to launch public issues including initial public offer, follow-on public offer and rights issue

China is a critical market for OYO, where it has made significant investments in the past two years
Led by a 1% contraction in manufacturing, India’s GDP growth decelerated to a six-and-a-half-year-low of 4.5% in September quarter (Photo: Mint)
Led by a 1% contraction in manufacturing, India’s GDP growth decelerated to a six-and-a-half-year-low of 4.5% in September quarter (Photo: Mint)

Moody’s slashes India’s 2020 growth projection

  • Moody’s said the China virus outbreak has hit prospects of stabilization of global growth
  • It assumes normal economic activity will resume in April-June quarter after the virus is contained

Gurugram-headquartered SpiceJet’s fleet is predominantly made up of Boeing’s 737 aircraft.
Hundreds of people have been protesting against CAA in Delhi’s Shaheen Bagh for more than two months.  (Photo: PTI)
Hundreds of people have been protesting against CAA in Delhi’s Shaheen Bagh for more than two months. (Photo: PTI)

SC appoints mediators to engage with protesters in Shaheen Bagh

  • Top court clarifies it isn’t against people’s right to protest, but is concerned over blocking of public places
  • SC was hearing pleas over the road block due to the ongoing protests at Shaheen Bagh against CAA

Sebi, in April 2019, had barred NSE from accessing the capital markets for a period of six months
(File photo) An employee walks past a banner with information of MWC20 (Mobile World Congress) in Barcelona, Spain (Reuters)
(File photo) An employee walks past a banner with information of MWC20 (Mobile World Congress) in Barcelona, Spain (Reuters)

Tech launches go virtual after coronavirus derails MWC 2020

  • The cancellation of MWC 2020 came at a huge financial cost
  • Huawei's sub brand HONOR said it will announce its products through a livestream

No authority yet to listen to depositors' complaints
Arvind Kejriwal takes charge as Delhi CM on Monday.  (Photo: PTI)
Long Reads
Photo: iStock
Photo: iStock

Opinion | Transparency of information is vital to a country’s progress

Any dilution of people’s right to information puts at risk the very stability that a country seeks to achieve by being secretive

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Photo: iStock
Photo: iStock

Opinion | Start with local languages for the ease of starting a business

We must first invest in making all rules and regulations easier for people at large to understand

The government had on 27 January invited expressions of interest from investors for its entire stake in Air India (Photo: Mint)
SC directs Centre to ensure women army officers be given permanent commission on a par with male officers (Photo: HT)
SC directs Centre to ensure women army officers be given permanent commission on a par with male officers (Photo: HT)

SC clears command roles for women in army

  • SC directs Centre to ensure women army officers be given permanent commission on a par with male officers
  • The top court rejected the Centre’s views on women’s physiological features and social norms

Photo: iStock
SpiceJet reported net profit of  ₹73 crore for Oct-Dec 2019, (Reuters)
SEBI chief Ajay Tyagi. (ANI)
A bus leaves the quarantined Diamond Princess cruise ship at a port on Sunday in Yokohama, near Tokyo. (Photo: AP)
A bus leaves the quarantined Diamond Princess cruise ship at a port on Sunday in Yokohama, near Tokyo. (Photo: AP)

Two more Indians test positive for coronavirus on cruise ship off Japan

  • Two more Indians on board quarantined cruise ship Diamond Princess off Japan have been tested positive for coronavirus
  • Now, the number Indian nationals infected with the deadly virus on the vessel is six

Photo: iStock
Photo: iStock

SBI loan guarantee isn’t the best option

  • In case of a project delay, the guarantee will free the borrower of the bank liability, but he will lose the down payment and the interest paid until then
  • If the buyer exercises the guarantee option in case of a delay, he would need to relinquish the right to the house