L&T, on 17 June, launched its 10-day long open offer to purchase 31% stake from public shareholders (including Nalanda) in Mindtree at a price of  ₹980 per share.
Finance minister Nirmala Sitharaman during 35th meeting of GST Council on Friday. (Photo: PTI)
RBI deputy governor Viral Acharya. Photo: Mint
Financial planners advise you to not put the entire corpus in a single instrument and maintain your asset allocation. (Photo: iStock)
Financial planners advise you to not put the entire corpus in a single instrument and maintain your asset allocation. (Photo: iStock)

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

A file photo of Rana Kapoor, the founder of Yes Bank Ltd. (Bloomberg)
A file photo of Flipkart co-founder Binny Bansal. (AFP)
A file photo of Flipkart co-founder Binny Bansal. (AFP)

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

AIADMK party workers perform 'yagna' rituals to pray for good rains, at a temple in Chennai on Saturday. (PTI)
AIADMK party workers perform 'yagna' rituals to pray for good rains, at a temple in Chennai on Saturday. (PTI)

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%

Vitara Brezza was the sixth best selling model in May last year with 15,629 units.

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Bengaluru-based Sridhar Segu gave two loans through Karvy Private Wealth, and is yet to recover one of them. (Photo:  Ramegowda Bopaiah/Mint)
Bengaluru-based Sridhar Segu gave two loans through Karvy Private Wealth, and is yet to recover one of them. (Photo: Ramegowda Bopaiah/Mint)

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 closes on June 26
Led by gadget lover Modi who is on Apple family of devices, his second-in-command and Union Home Minister Amit Shah is currently using a brand new Apple XS. (Photo: Reuters)
Led by gadget lover Modi who is on Apple family of devices, his second-in-command and Union Home Minister Amit Shah is currently using a brand new Apple XS. (Photo: Reuters)

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

Mark to Market
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A file photo of Akhilesh Yadav and Mayawati.
Actor Shahid Kapoor at a press meet to promote his  film 'Kabir Singh in New Delhi on 19 June 2019. (Photo: IANS)
Plain Facts
The deal helped Siddhartha repay his debt of about  ₹2,900 crore, vastly improving his financial condition (Priyanka Parashar/Mint)
Life Insurance is not about investing your money to earn a return on it, it’s about financial protection for your loved ones (Photo: iStock)
Life Insurance is not about investing your money to earn a return on it, it’s about financial protection for your loved ones (Photo: iStock)

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

Air Canada apologised for the incident, Adams said. Photo: AFP
PMEAC chairman Bibek Debroy.
While operators have been pushing for a fee hike for some time, citing increased costs, some banks have been resisting the move. (iStock)
While operators have been pushing for a fee hike for some time, citing increased costs, some banks have been resisting the move. (iStock)

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

The Reserve Bank of India (RBI) Deputy Governor Viral Acharya. (Reuters)
Future Enterprises plans to raise via NCDs. (Photo: HT)
Toy Story has been winning and warming hearts since 1995.
1.74 lakh of BSNL were not being paid salaries on time
The total direct tax in 2018-19 was  ₹11,37,685 crore. (Photo: Pradeep Gaur/Mint)
Capital Float co-founder Sashank Rishyasringa said his company was not looking to approach the market for equity at present. (Mint)
Capital Float co-founder Sashank Rishyasringa said his company was not looking to approach the market for equity at present. (Mint)

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

Long Reads
Former Reserve Bank of India governor Bimal Jalan. (Photo: Mint)
Former Reserve Bank of India governor Bimal Jalan. (Photo: Mint)

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

A file photo of tennis player Mahesh Bhupathi. (AFP)
A file photo of T.V. Narendran, CEO & MD, Tata Steel
The 12-month implied yield on the forwards rose 52 basis points to around 4.51% in June. Photo: Mint
The 12-month implied yield on the forwards rose 52 basis points to around 4.51% in June. Photo: Mint

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

File photo of Ravi Shankar Prasad
The second channel for the investment of surplus funds is in the police state. (Photo: Pradeep Gaur/Mint)
The second channel for the investment of surplus funds is in the police state. (Photo: Pradeep Gaur/Mint)

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

According to a report by the aviation IT specialist, SITA, every minute 40 bags get mishandled at airports worldwide. (PTI)
According to a report by the aviation IT specialist, SITA, every minute 40 bags get mishandled at airports worldwide. (PTI)

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

Photo: Pradeep Gaur/Mint
FPCE president Abhay Upadhyay has pitched for the creation of a stress fund to end the mental and financial stress of home buyers (Mint)
FPCE president Abhay Upadhyay has pitched for the creation of a stress fund to end the mental and financial stress of home buyers (Mint)

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

parents may also lack technical understanding of IoT (AFP)
ONGC has been in talks with interested potential petrochem firms to sell a 25% stake in OPaL. (Photo: Reuters)
ONGC has been in talks with interested potential petrochem firms to sell a 25% stake in OPaL. (Photo: Reuters)

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

Women look at gold jewelleries at a jewellery shop.  (Reuters )
FILE PHOTO: People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.  (Reuters )
FILE PHOTO: People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Reuters )

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

Of the 36 meteorological subdivisions, 25% have recorded