L&T moves closer to Mindtree takeover after Nalanda Capital stake buy

• Larsen and Toubro's stake rises to 46%
• Nalanda’s stake purchase takes L&T closer to its target

The Finance Minister gets ready for 5 July

It will be interesting to see what sort of balancing act Nirmala Sitharaman is able to carry out in the budget

RBI Deputy Governor Viral Acharya resigns

• RBI Deputy Governor Viral Acharya resigns six months before his term ends, according to a report
• Viral Acharya is returning to the New York University Stern School of Business in August, says the report

Strategize your FD investments as rates drop

• FD interest rates may drop further eventually, so it may make sense to lock in now, but make sure your investments are in sync with your money goals
• If your investment horizon is medium to long term, it makes sense to lock into a long-term FD now

Yes Bank co-founder Rana Kapoor's family plans mortgage unit sale

• Rana Kapoor's family could consider selling a majority stake in the mortgage finance unit
• It has reached out to several private equity firms to gauge their interest

Binny Bansal sells ₹531 crore Flipkart shares to Walmart

• Binny Bansal's equity shares sold $76 million worth of his shares in Flipkart to Walmart's Luxembourg entity FIT Holdings SARL
• Walmart increased its equity holding in Flipkart by buying 5,39,912 shares

From Yagna to drywashing cars, how Chennai is battling water crisis

• Hyundai Motor has asked its customers to 'dry wash' cars
• Cognizant has installed special nozzles in washbasin taps that lowers water consumption by 80%

Zara's Indian partner is building its own cheaper fashion chain

• While India’s fashion consciousness has surged, its purchasing power hasn’t kept pace
• All 11 analysts who track Trent’s stock recommend buying it

8 Maruti Suzuki models among top 10 best selling cars in India

• Maruti Swift was the best-selling model last month clocking 17,039 units
• Maruti Dzire sold 16,196 units last month, occupying the third position

Who took my money: The builder or wealth adviser?

• The Karvy incident highlights why you should be wary of privately-placed products
• Investors should read the documents, fine print of financial products carefully, especially in privately-placed products where regulatory control is lower

IndiaMart IPO opens: Key things to know before you invest

• IndiaMart is the first company to test IPO market under Modi 2.0
• At the upper end of the price band, IndiaMart offer is expected to raise about ₹475 crore

iPhone vs Android: The ministers' choice

• Several key ministers are quite tech-savvy and use best-in-class Apple and Android-based smartphones
• Admitting his fondness for gadgets, the Prime Minister only uses top-end Apple devices

SP, BSP no longer in alliance, says BSP chief Mayawati

• Mayawati was upset that Akhilesh Yadav had not spoken to her after the debacle in the Lok Sabha elections
• Decision was taken on Monday after a meeting of national and state level committees

Dormant PF account will earn interest till the holder attains retirement age

After 36 months have passed since the last active contribution in a PF account, it gets categorised as dormant account

Shahid Kapoor’s ‘Kabir Singh’ to clock ₹68 crore on opening weekend

• Kabir Singh became the third highest opening day earner of the year
• The other big winner this weekend is Punjabi film Shadaa

CCD founder hits pause on sale of real estate venture

• Siddhartha defers plans to sell Tanglin Developments to Blackstone for ₹2,700-2,800 crore
• Global Village has among its tenants firms such as Accenture and Mphasis. It is also the headquarters of Mindtree

Term plan premiums explained

• A term plan is the only kind of life policy you need to have because it gives you a large cover for low cost
• Read here to understand what determines your experience of buying a term insurance policy

'A bad dream': Air Canada left sleeping passenger on an empty, parked plane

• Tiffani Adams's story was posted by a friend on Air Canada's Facebook page
• She woke up in 'pitch black,' with the plane having landed and apparently been towed away from the airport, the post reads

‘We don’t need Subramanian to tell us the economy is slowing’

A former CEA should be more careful before articulating views in the public domain... It does great damage to the country, says Bibek Debroy, chairman of PMEAC

Is it finally time for a hike in ATM interchange fees?

• Every time you make a transaction at an ATM machine that does not belong to your card-issuing bank, it pays an interchange fee to the operator of the ATM you have used
• The card issuing bank pays a fee of ₹15 for each cash transaction and ₹5 for each non-cash one

Viral Acharya resignation: Congress raises RBI independence issue

• RBI Deputy Governor Viral Acharya has resigned from his position
• Congress hinted that Viral's resignation could be related to his stance on reaffirming RBI's independence

Future Enterprises plans to raise up to ₹900 crore via NCDs

• The company said this fund raising plan is subject to approval by the members
• Shares of Future Enterprises were trading 2.15% lower at ₹34.15 apiece on BSE

'Toy Story 4' becomes third movie this year to cross 100 mn in opening weekend

• 'Toy Story 4' collected $118 million in ticket sales
• 'Toy Story 4's' bow ranks as the fourth-biggest launch for an animated movie

BSNL, MTNL employees not getting salaries; Cong MP seeks govt's intervention

• 45,000 employees of MTNL and 1.74 lakh of BSNL were not being paid salaries on time for several months now, says Congress MP
• 'The government should bail them out,' Congress MP Ripun Bora said

'GST Council to consider reducing tax on electric vehicles'

• The tax collection in April-May this year had increased by over 8.5%
• The matter is pending before the Lok Sabha

Naspers’s talks to invest in Capital Float fall through

• South Africa-based firm Naspers was in talks to invest up to $200 million in fintech startup Capital Float
• This year so far, India’s fintech segment has seen 66 rounds of investments worth $746 million, as per Tracxn data

RBI panel defers reserves report for fourth time

• The panel will submit the report after the federal budget in July
• The six-member panel delayed the report for the fourth time due to lack of consensus

Mahesh Bhupathi’s startup raises funds from Unilever Ventures

• Scentials has already launched Virat Kohli’s one8 brand and Lara Dutta's Arias
• Scentials raised ₹25 crore in Series A round of funding

Tata Steel to seek shareholders' nod to reappoint T V Narendran as CEO & MD

• Tata Steel will also seek shareholders' approval for appointment of Vijay Kumar Sharma as a director
• The company's next Annual General Meeting (AGM) is scheduled for 19 July 2019 in Mumbai

Anomaly in rupee forwards has traders looking for hand of RBI

• There is speculation that the RBI has been intervening heavily in the spot market to buy dollars to curb rupee appreciation
• RBI’s official stance is that it doesn’t target an exchange-rate level but intervenes to contain volatility

Ravi Shankar Prasad introduces Aadhaar Bill in Lok Sabha

• Senior Left leader N.K. Premachandran opposed the bill on three key grounds
• The lower house is currently discussing motion of thanks on President’s address

How digitalisation will cause the next financial crisis

A new round of restructuring in the global economy based on digitalisation and militarisation could recreate the same structural conditions that triggered the Great Depression of 2008 suggests study

New smart system to prevent baggage theft at airports

• Travellers face long queues at crowded airports, and have to spend a lot of time in queues for collecting the baggage
• During exit there is no one to verify that the luggage is taken away only by the rightful owner

Delivery firms use Artificial Intelligence to scale at faster clip

• Once dismissed as a failure, the hyperlocal delivery market in India is expected to grow to ₹2,306 crore by next year, as per a report
• Technology has enabled Dunzo to show dynamic pricing to users and match right delivery partners with customers

Budget 2019: Home buyers' body want ₹10,000 crore stress fund

• Forum For People's Collective Efforts said delay in project execution is the biggest bane plaguing the real estate sector
• The home buyers' body has demanded that home buyers should be categorised as primary secured creditors

Forget screen addiction! Internet-connected devices put kids at greater risks

• According to researchers, children need protection when using programmable Internet computing devices
• Unless properly considered, Internet-connected devices can present risks to children and others around them.

ONGC may buy CCDs of its unit

• CCDs are financial instruments that have the feature of compulsory conversion into equity as per terms and are treated as quasi-equity
• The planned tranche of CCDs issued in 2016 is part of a ₹7,286-cr CCD programme of ONGC Petro additions

Gold prices rise, but it’s a risky bet

• Gold prices crossed $1,400 an ounce, the highest since September 2013
• As if the US-China trade war wasn’t enough, US-Iran tensions have escalated lately, too

Eleven stocks, $14 billion erased: India's debt woes in charts

• The fear which erased more than 1 trillion rupees ($14.4 billion) in market capitalization of the 11 worst-hit firms is refusing to ebb
• Money is not cheap for non-bank lenders outside this group of eleven either as financing costs surge

Monsoon progress sluggish, 84% of IMD's subdivisions record deficient rainfall

• 59 out of the 91 major reservoirs in the country have storage below normal
• The overall monsoon deficiency until 22 June still remains around 39%