Reliance Retail currently operates neighbourhood stores, supermarkets, hypermarkets, wholesale, speciality and online stores.  (Bloomberg)

Masayoshi Son's inputs transformational for Oyo: Ritesh Agarwal

According to Oyo's Ritesh Agarwal, getting Softbank on the cap table is meaningful not only in terms of capital but also the meaningful inputs he gets from its founder Masayoshi Son, the powerful tech investor in the world and his team. In the first part of this conversation with Mint's Associate Editor Shrija Agrawal, Ritesh also opens up on the rationale behind consolidating his ownership in the company via the massive promoter buy back.

Jack Ma, chairman of Alibaba Group Holding Ltd (Photo: Bloomberg)
Jack Ma, chairman of Alibaba Group Holding Ltd (Photo: Bloomberg)

Alibaba hits pause on fresh India investments

  • Firm’s India investment team mandated to manage only existing portfolio
  • Alibaba is yet to exit any of its investments in India, unlike other investors such as SoftBank and Tiger Global

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At a time when thousands of residential homes find no takers, commercial real estate is booming in places like Mumbai’s BKC. Photo: Aniruddha Chowdhury/Mint
At a time when thousands of residential homes find no takers, commercial real estate is booming in places like Mumbai’s BKC. Photo: Aniruddha Chowdhury/Mint

Office real estate is defying the slowdown

  • Driven by blockbuster deals and global interest, office realty is booming in an otherwise gloomy economic climate
  • The world of premium office space is more scrupulous than the business model of an average developer in Noida, compelling investors to chase investment-ready assets in the top cities

This growth was led by non-participatory and annuity products (Hemant Mishra/Mint)
This growth was led by non-participatory and annuity products (Hemant Mishra/Mint)

Among out of favour financial stocks, life insurers are shining

  • Growth in retail insurance sales of non-participatory products has made the portfolio more stable and increased margins
  • The growth in retail insurance sales of non-participatory products has made the portfolio of life insurers more stable and increased margins

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As investments in renewable energy increased, transmission constraints surfaced, leading to a bottleneck for developers (Photo: Pradeep Gaur/Mint)
As investments in renewable energy increased, transmission constraints surfaced, leading to a bottleneck for developers (Photo: Pradeep Gaur/Mint)

How trailblazer India is losing its renewable energy momentum

  • Solar capacity additions in the June quarter fell 14% from the March quarter, and 9% from a year ago
  • Over 80% of solar procurement globally this year is expected to be achieved by reverse auction, up from just 10% in 2018

In June, Moody’s Investor Service downgraded Tata Motors’ corporate family rating and senior unsecured instruments rating to Ba3 from Ba2 (Photo: Reuters) (REUTERS)
In June, Moody’s Investor Service downgraded Tata Motors’ corporate family rating and senior unsecured instruments rating to Ba3 from Ba2 (Photo: Reuters) (REUTERS)

Tata Motors’ plan to raise foreign debt off the table

  • The planned fundraise of up to $1.5 billion failed to garner sufficient interest from potential lenders
  • Tata Motors was in talks with several foreign banks since the start of this year to avail the syndicated loan facility

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Long Reads
Future Group founder Kishore Biyani (Photo: Abhijit Bhatlekar/Mint)
 (Photo: iStock)
 (Photo: Mint)
A portrait of Savarkar in the central hall of Parliament House. (Hindustan Times)
A portrait of Savarkar in the central hall of Parliament House. (Hindustan Times)

Opinion | What Savarkar could yet do for the future of Hindutva

Hindutva is not constricted by unnatural moralities, so it has exceptional freedoms to get things done

PM2.5 is especially dangerous because it can travel far from its source, making pollution a nationwide issue (Photo: HT)
Digitization and technology now touch every part of a customer’s journey from experiencing the product to post-sales servicesramesh pathania/mint
Digitization and technology now touch every part of a customer’s journey from experiencing the product to post-sales servicesramesh pathania/mint

Why legacy auto companies need startups to find new buyers

London-based startup What3Words has mapped the world into 3x3m squares that correspond to GPS coordinates where each square gets a unique address comprising three words from the dictionary

Shreyansh Shukla, 25, in his first job, assumed that his in-hand salary would be the same as the CTC. It took him a while to understand the salary structure fully
Shreyansh Shukla, 25, in his first job, assumed that his in-hand salary would be the same as the CTC. It took him a while to understand the salary structure fully

Learn to decode your CTC and negotiate better pay

  • CTC consists of all payments and benefits, fixed and variable, that you are entitled to
  • It is advisable to negotiate for a higher take-home salary and a lower variable portion when you are starting out

 (Photo: iStock)

Opinion | Why going nuts in pursuit of perfectionism is not worth it

Perfectionists often find themselves unable to cope with even small frustrations, failures and losses

A file photo of Arun Jaitley. (Reuters)
Shailaja Chandra
WeWork has 23 co-working centres—nine each in Bengaluru and Mumbai, and five in Gurugram—comprising 39,000 seats.bloomberg
WeWork has 23 co-working centres—nine each in Bengaluru and Mumbai, and five in Gurugram—comprising 39,000 seats.bloomberg

Embassy Buildcon pledges WeWork shares to raise 200 crore

  • Embassy Buildcon is pledging shares in WeWork India, representing 26% of paid-up share capital, in favour of lender ICICI Bank
  • The We Co., the American firm which operates co-working office spaces under the WeWork brand, posted robust revenue growth in India

Health Minister Harsh Vardhan at the inauguration of the state-of-the-art National Food Laboratory of FSSAI (Photo: @PIB_India)
Health Minister Harsh Vardhan at the inauguration of the state-of-the-art National Food Laboratory of FSSAI (Photo: @PIB_India)

Govt, private firms tie up to ensure food safety

  • FSSAI launches PPP model in food safety amid rising cases of adulteration
  • 23.4% samples was found adulterated in 2016-17, while in 2018-19, 26.4% samples were adulterated

Finance minister Nirmala Sitharaman. (AFP)
Finance minister Nirmala Sitharaman. (AFP)

FinMin may go slow on overseas bonds plan

  • Sitharaman had announced the proposal to issue offshore sovereign bonds, starting from the current fiscal
  • Government would start raising a part of its gross borrowing programme in external markets in external currencies

The new policy will allow patients to access pre-approval drugs in cases of serious and life-threatening diseases on compassionate grounds, without clearing clinical trials. (Ramesh Pathania/Mint)
The new policy will allow patients to access pre-approval drugs in cases of serious and life-threatening diseases on compassionate grounds, without clearing clinical trials. (Ramesh Pathania/Mint)

Terminally ill patients may get to try drugs still under development

  • New policy in the works brings a ray of hope for those patients who have exhausted all available treatments
  • Currently, patients can use drugs approved by the regulator after clinical trials

Plain Facts
Pusarla Sindhu celebrates on the podium with her gold medal after winning the women's singles final (Photo: Reuters)
Pusarla Sindhu celebrates on the podium with her gold medal after winning the women's singles final (Photo: Reuters)

38 minutes is all it takes for P.V. Sindhu to create history

  • Sindhu became the first Indian to win the World Championships gold by beating Nozomi Okuhara of Japan
  • It was third time lucky for Sindhu who lost to Okuhara and Carolina Marin of Spain respectively in the 2017 and 2018 finals to settle for a silver twice

New Delhi: Delhi Police personnel carry the coffin containing the mortal remains of former finance minister Arun Jaitley, at BJP HQ, in New Delhi, Sunday, Aug 25, 2019. (Photo: PTI)
New Delhi: Delhi Police personnel carry the coffin containing the mortal remains of former finance minister Arun Jaitley, at BJP HQ, in New Delhi, Sunday, Aug 25, 2019. (Photo: PTI)

Former FM Jaitley laid to rest as nation bids adieu

  • Leaders from across the political spectrum were present for the former minister’s last rites
  • Arun Jaitley is the second senior leader of the party to die this month after Sushma Swaraj

G7 Summit (24-26 August)
Aniruddha Chowdhury/Mint
Arun Jaitley (1952-2019)
Arun Jaitley was under treatment for over a fortnight (Mint file)

Arun Jaitley's last rites on Sunday

1 min read . 24 Aug 2019
Arun Jaitley’s most crucial role for India was as a reformer of the economy (PTI file)

Opinion | Jaitley’s legacy

1 min read . 25 Aug 2019
A file photo of finance minister Arun Jaitley

Arun Jaitley dies at 66: A timeline

1 min read . 24 Aug 2019
Arun Jaitley (PTI file)
US President Donald Trump and Japan's Prime Minister Shinzo Abe hold a bilateral meeting during the G7 summit in Biarritz (Photo: Reuters)
US President Donald Trump and Japan's Prime Minister Shinzo Abe hold a bilateral meeting during the G7 summit in Biarritz (Photo: Reuters)

Trade war hurting everyone, G7 tells Trump

  • Angela Merkel emphasized how important the WTO is and insisted the US must allow it to fill key positions this year
  • The US President on Friday set an additional 5% duty on some $550 billion in targeted Chinese goods

Sensex rose over 400 points in early trade (Reuters)
Yields on benchmark 10-year Treasury debt dropped to their lowest since mid-2016. (Photo: Reuters)
Graphic by Naveen Kumar Saini/Mint (Bloomberg)
BJP working President JP Nadda pays tribute to former Finance Minister Arun Jaitley at BJP Headquarters (ANI)
The fight between the Congress and JD(S) is helping the BJP make inroads into southern districts.
Ariisto Developers owed around  ₹2500 crore to various lenders that includes Piramal Finance and HDFC
The 10-year government bond yield was at 6.517%, in the morning session. (Photo: Bloomberg)
Alibaba group founder Jack Ma.  (Photo: Reuters)
Latest FD rates offered by SBI, IDFC First Bank, HDFC Bank and ICICI Bank. (iStock)
MiG-21 fighter jets  (Indranil Bhoumik/Mint )
Gold price today: On MCX, gold futures prices were firm above  ₹39,000
The RTGS system is primarily meant for high-value transactions.
Gold’s rally this year is the highest in nine years. (Pradeep Gaur/Mint)
Gold’s rally this year is the highest in nine years. (Pradeep Gaur/Mint)

Gold’s rally may not hit fund flow into equities

  • US-China trade concerns, disappointing economic data from major economies, rate cuts by major central banks have led to a sharp rally in gold prices, say analysts
  • Gold has gained 19.06% so far this year. The Sensex is up 1.75% in rupee terms and down 0.94% in dollar terms in 2019

PM Modi met Guterres on the sidelines of the G-7 Summit (@PMOIndia)
Gautam Thapar has only 8,574 shares out of 62.6 crore shares of the company. (Photo: HT)
IndiGo co-founder Rakesh Gangwal.

Centre responsive to slowdown, but more steps needed: Report

  • The government announced an additional 15% depreciation on all vehicles acquired during the period from now till 31 March 2020
  • According to JM Financial, this move is likely to aid clearing of some of the inventory for personal vehicles and light commercial vehicles

Neel Padmanabhan, Kaiesh Vohra and Sujay Iti of Lucep work on software to shrink the time between generating a sales lead and pursuing it bhaskar varma/mint
Neel Padmanabhan, Kaiesh Vohra and Sujay Iti of Lucep work on software to shrink the time between generating a sales lead and pursuing it bhaskar varma/mint

On the fast track to drive online leads to real sales

  • Sales tech startup Lucep finds the missing piece of the marketing puzzle for makers of cars and bikes
  • Digitization accelerates the process of capturing and following up on leads. Insurance firms are also trying out this system

 (Photo: PTI)
(Photo: PTI)

Arun Jaitley's Amritsar link and love for 'Amritsari kulchas'

  • Arun Jaitley had once said he was getting a regular supply of 'Amritsari kulchas' even when he was in Delhi
  • 'If you ask me about my ancestral town, I would say Amritsar as I have at least 40 cousins and relatives who live here,' Jaitley was often quoted as saying

The idea to form a consortium of family offices comes at a time when a growing number of family offices are looking at direct investments. (Reuters)
The idea to form a consortium of family offices comes at a time when a growing number of family offices are looking at direct investments. (Reuters)

Family offices tie up to make direct PE, VC investments

  • Each family office will act as an ‘investment manager’ for the deals they are leading
  • direct investments account for 12% of the average family office portfolio allocation in India

Last week, Parle Products said jobs were at risk for as many as 10,000 of its workers
Last week, Parle Products said jobs were at risk for as many as 10,000 of its workers

Opinion | 5 biscuits are too pricey for Indian workers

  • When purchasing power dries up to the extent that rural laborers, urban blue-collar workers have to think twice about cheap munchies, then the situation is desperate
  • The culprit is deep-rooted wage suppression, a long-term issue that needs attention

Union Finance minister Nirmala Sitharaman addresses a press conference in New Delhi on Friday (Photo: ANI)
Union Finance minister Nirmala Sitharaman addresses a press conference in New Delhi on Friday (Photo: ANI)

FPI surcharge removal, stimulus measures likely to boost markets: Experts

  • Finance Minister Nirmala Sitharaman on Friday announced rollback of enhanced surcharge on foreign portfolio investors levied in the Budget
  • The Centre also announced a raft of measures to revive growth momentum, including exempting startups from 'angel tax'

Retail lending tells yet another slowdown story

  • Several economic indicators are pointing to an economic slowdown. One indicator that has beaten the trend is retail loans given by banks
  • The year-on-year growth of these loans remains robust. But there is more to this than just the growth. Mint takes a look

Without Arun Jaitley shepherding it, it’s unlikely both GST and the IBC would have been green-lighted by the Rajya Sabha. HT
People queue inside Terminal 5 at Heathrow Airport (Photo: Reuters) (REUTERS)
People queue inside Terminal 5 at Heathrow Airport (Photo: Reuters) (REUTERS)

UK set to lift liquids ban at airports with new 3D tech

  • Once in place, the 100ml liquid limit may no longer apply and passengers could take liquids, like a bottle of water, through security
  • The innovative new equipment may also have the potential to reduce the amount of time required for security screening

The FCC set the safety limit at 1.6 watts per kilogram (1.6W/kg), averaged over 1 gram of tissue. Photo: Bloomberg
The FCC set the safety limit at 1.6 watts per kilogram (1.6W/kg), averaged over 1 gram of tissue. Photo: Bloomberg

Apple, Samsung sued over handset radio frequency emissions

  • The devices mentioned in the suit are Apple's iPhone 7 Plus, iPhone 8 and iPhone X, and Samsung's Galaxy S8 and Galaxy Note 8
  • The class-action suit claims RF radiation emitted from Apple and Samsung smartphones 'exceed legal limits set forth by the Federal Communications Commission (FCC)'