Government asks Jet Airways’ lenders to share audit report

• Government sought the report around the time Naresh Goyal quit all posts at Jet
• The EY audit report on Jet Airways is said to have cast doubts on deals with entities related to Naresh Goyal

BJP’s ₹100 trillion infra investment promise to play out in NDA’s second term

• Last five years have seen massive spending in roads, railways, water, irrigation and urban infrastructure
• Experts see huge investment in roads and ports, with renewables being govt’s priority sector

Vistara promoters infuse more than ₹4,000 crore over 12 months

• The money will be used to augment Vistara’s fleet, increase routes globally and attain earlier break-even
• The ₹4,000-cr-plus infusion is the largest Vistara has received in a year since it started flying in 2015

IPO market set for revival as political uncertainty ends

• Only seven firms have raised a total of ₹5,033 cr through IPOs so far this year
• A similar trend was witnessed after the 2014 general election, QIPs being the first to get off the block

What 2019 polls mean for the idea of India

BJP’s personality cult-driven dominance has a real danger: the public could be mobilized to undo our republic

Home loan interest rates: Top 15 banks that offer the lowest

• A home loan is called a ‘good’ loan because it helps you acquire a tangible asset that can appreciate over the long term
• A look at the latest home loan interest rates of some leading banks

Air India bid to sell prime real estate fails to take off

• The debt-ridden national carrier is said to have sold less than 10 of the 56 properties it had put up for sale in April
• The airline has generated about ₹450 crore from the sale of properties since 2012

How your investments in NPS are faring

• There are eight pension fund managers to choose from and one of the ways to choose your fund manager is by tracking the returns
• Here is a breakdown of the performance of different funds of the private sector NPS

‘Balakot had a strong impact in setting the narrative for LS polls’

• The drive with which your workers fight will obviously be very combative
• The national security paradigm for India earlier was always framed within this presumption that Pakistan had built a narrative that “look we are a nuclear power, you be sure of what you want to do

Hopes high on PSB reforms, but history shows little to cheer

• The FY19 results of 17 public sector lenders show they had to provide an aggregate of ₹1.99 tn towards dud loans
• The capital worth ₹1.05 trillion that their owner gave during the year disappeared without a trace

How India’s World Cup squad stacks up against others

Be it age or match experience, bowling or batting metrics, India has many reasons to look at themselves against the opposition and fancy their chances

Ahead of March quarter results, IndiGo and SpiceJet are  flying high

• Brent crude prices had fallen by 4.5% on Thursday, that has brought cheer for IndiGo and SpiceJet
• IndiGo reported a sharp increase of 300 basis points in its market share to 49.9% in April

After emphatic performance in LS polls, JD(U) eyes cabinet berths

• The final selection to the Union cabinet will depend on Modi, the Prime Minister-elect
• The JD(U)’s move to identify its representatives in the cabinet comes against the backdrop of the party’s strong performance in the elections

BJP secures 50% or more vote share in 16 states, UTs together

• The Congress, however, could not win a single seat in the 17 states and Union territories in this general election
• The electoral performance of the grand alliance between SP and BSP in Uttar Pradesh was no match for BJP

GST Council to implement changes in phased manner

• Amid gradual changes, big businesses will have to file returns in the new forms first
• The priority for the BJP, which has returned to power, is to stimulate the economy

Modi to take oath of office with council of ministers on 30 May

• Amit Shah is likely to get home, Rajnath defence while Sitharaman may be shifted to external affairs
• THE swearing-in ceremony is likely to be held outside the Rashtrapati Bhavan like in 2014

Next 5 years is time to regain India's lost position in world: PM Narendra Modi

• Next five years will be very important in the history of the country, as was the period between 1942 to 1947, Modi said
• Modi also expressed grief over the death of 22 students in Surat building fire tragedy

SpiceJet adds 100th plane to fleet, fourth domestic airline to do so

• SpiceJet achieved the feat after national carrier Air India, now defunct Jet Airways and rival IndiGo
• Spicejet in a release said it has added some 23 planes in the last one month alone

Old Bridge Capital to launch category 3 AIF

• Old Bridge Capital’s category 3 alternative investment fund will invest in publicly listed companies
• The latest Old Bridge fund will seek investments from domestic investors as well as NRIs and foreign portfolio investors

Opinion | ‘Leave no one behind’, the agenda for Modi Sarkar 2.0

The country will be at a loss if Modi does not choose to rise above ideological differences

Bollywood still upbeat about big-budget spectacles despite misfires

• Big budget films manage good deals by selling rights for satellite TV, digital streaming and overseas releases
• Trade experts say there is much going for big-budget spectacles despite the huge sums at stake

InvITs seen gaining traction as foreign investors hunt for yield

• For foreign investors, InvITs have become an efficient way of investing in operating infrastructure assets
• Invits are an efficient way to own operating infra assets as distribution of 90% of cash flows is assured via regulation

Opinion | Modi must give market reforms another shot

Modi 2.0 has the political clout to restructure the economy in fundamental ways for greater efficiency. He should adopt ‘minimum government’ in earnest as his mantra

With Style Up, Aditya Birla Fashion eyes shoppers in small cities

• ABFRL plans to add another 10-12 stores this year before it reaches size where it can expand the business
• Style Up operates large format stores selling ethnic and western apparel, priced at ₹500- ₹600

Single authority for sanctioning, processing GST refunds likely by August

• The current mechanism entails a twin refund sanctioning authority of the central and state tax officers
• Under the proposed mechanism, once a refund claim is filed with a tax officer, whether Centre or state, the officer will check, assess and sanction full tax refund

Modi likely to visit Maldives in his first foreign tour after election win

• Modi received a telephone call from Pakistan PM Imran Khan, who expressed his desire to work for peace
• Ties between India and the Maldives have altered dramatically after the election of Ibrahim Mohammed Solih as president in September

Jagan Reddy meets PM Modi, presses for Andhra special status

• YSRCP supremo on Sunday invited PM Narendra Modi for his swearing-in as CM in Vijayawada on 30 May
• The YSRCP stormed to power on Thursday with a landslide victory in assembly polls

Financial sector reforms NDA-2 needs to roll out in second term

• The government will need to keep the momentum of reforms in pension, tax and other sectors going
• A single regulator for all retirement and pension products and a single tax structure would be the two key reforms

No need to press panic button, says Tendulkar after India's loss to NZ

• Tendulkar picked Afghanistan to produce major surprises in the showpiece, starting May 30 in the United Kingdom
• India put up a dismal show in their opening practice game, losing by six wickets to New Zealand in London on Saturday

Seven of top 10 firms add ₹1.42 trillion in m-cap, RIL shines

• Market mood was buoyant after the Bharatiya Janata Party won over 300 seats in Lok Sabha elections 2019
• RIL, the country's most valued firm, emerged as the best performer among the top-10 entities

What’s driving the investor bet on Sensex stocks

• On 20 May, the BSE Sensex closed at 39,352.67 points, up 3.75% from its previous close, after exit polls predicted victory for Prime Minister Narendra Modi. On 24 May, the Sensex closed at 39,434.72 points
• In FY20, the price-to-earnings ratio of Sensex has been the highest in over 20 years

Opinion | How new military bases could seed new cities and create jobs

India can create over 30 million jobs in the short- and medium-term by creating 20 military bases in the next 15 years

Creating terrorism-free environment key for regional peace: Modi tells Pak PM

• Imran Khan had on May 23 congratulated Modi on Twitter on his electoral triumph
• Modi and Imran Khan are slated to come face to face at Shanghai Cooperation Organisation in Bishkek in June

Modi's new government formation, GDP data likely to drive market this week

• BJP-led National Democratic Alliance (NDA) will soon form the new government
• Investors would also keep close eye on the progress of monsoon at home and global factors, says analyst

JSW Steel navigates softer commodity prices well in Q4

The erosion of earnings can compel the firm to take up more debt, a key factor investors should watch out for

Leyland delivers goods in Q4, but demand remains challenge for CVs in near term

• Liquidity crunch and increase in tonnage post-new axle load norms have hit sales since the second half of FY19
• Ashok Leyland stock is still about 44% lower than its 2018 high, but clearly things are looking better compared to the past few months

LS polls: NDA faced tough fight in first 3 phases, trounced opposition in rest 4

• The BJP won a maximum number of 67 seats in the third round
• According to a detailed analysis of the poll outcome, the BJP and its allies gained momentum from the fourth round and continued till the seventh and the last round

Fiat Chrysler likely to announce Renault partnership as early as Monday

• Equity exchange is possible as pressure mounts on Nissan
• Talks between Fiat and Renault have accelerated in recent days, as negotiators found a way to structure a deal

Virat Kohli sees positives in lower order despite New Zealand drubbing

• Twice champions India slumped to 39-4 in the 11th over before all-rounders Hardik Pandya (30) and Ravindra Jadeja (54) offered some resistance
• Virat Kohli said The Oval surface got easier to bat on as the game progressed.

GST, biofuels push on the wish list of oil & gas companies in NDA's second term

• Industry believes bringing natural gas under GST would make its transport across the country more efficient
• Biofuel is another segment which awaits a hard push from the government

The most luxurious train in the world

• Travelling by rail? The author of an around the world rail-travel book has some tips
• Always find out the emergency number in every single country you’re travelling in