Nirmala Sitharaman with global investors at the headquarters of International Monetary Fund, in Washington (Photo: PTI)
Nirmala Sitharaman with global investors at the headquarters of International Monetary Fund, in Washington (Photo: PTI)

Trade wars to hit flow of capital, goods and services: Nirmala Sitharaman

  • Nirmala Sitharaman said the ongoing trade wars have caused uncertainties and will ultimately impact the flow of capital, goods and services
  • Sitharaman called for concerted action to mitigate the disruption on account of synchronous slowdown and to invoke the spirit of multilateralism for global growth

On the multiplicity of institutions, it is interesting that the IMF calls for greater competition in the banking sector.  (Photo: Bloomberg)
On the multiplicity of institutions, it is interesting that the IMF calls for greater competition in the banking sector. (Photo: Bloomberg)

IMF says corporate income tax cut will help revive investment in India

  • India should address continued fiscal consolidation and secure long-term stability of the fiscal conditions, said the IMF
  • Following a marked slowdown in the last two quarters in India, the economy is expected to grow at 6.1% this fiscal year, picking up to 7.0% in 2020, IMF added

The non-banking finance company came under investigations when the probe agency was examining three properties linked to Iqbal Mirchi (Photo: Mint)
The non-banking finance company came under investigations when the probe agency was examining three properties linked to Iqbal Mirchi (Photo: Mint)

ED raids DHFL premises on having exposure to firms linked to Iqbal Mirchi

  • The ED raids were in relation to a case money laundering in a land deal involving drug lord Iqbal Mirchi
  • DHFL is under scanner for giving loans to a real estate firm — Sunblink Real Estate. This real estate firm has links with Mirchi

Last month, the officers' unions had called a two-day all India bank strike on 26 and 17 September that was later withdrawn on government intervention. (Photo: PTI)
Last month, the officers' unions had called a two-day all India bank strike on 26 and 17 September that was later withdrawn on government intervention. (Photo: PTI)

Banking services may be hit on 22 Oct as unions warn of strike

  • Banking services could be affected on 22 Oct as 2 bank unions have warned they will go on strike to protest against the bank mergers, falling deposit rates and a call for job security
  • SBI has said the impact would be minimum as most of its employees are not members of the participating unions

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Chief Justice of India Justice Ranjan Gogoi and Justice SA Bobde in New Delhi.  (Photo: PTI)
Chief Justice of India Justice Ranjan Gogoi and Justice SA Bobde in New Delhi. (Photo: PTI)

Who is SA Bobde, the next Chief Justice of India?

  • SA Bobde will take over the highest office of the Indian judiciary as the 47th Chief Justice of the country, replacing Ranjan Gogoi
  • On 18 October, Gogoi wrote to the Ministry of Law and Justice recommending Bopde as his successor

Karnataka Home Minister Basavaraj Bommai
Karnataka Home Minister Basavaraj Bommai

Detention centre for illegal foreigners near Bengaluru soon

  • A detention centre to keep illegal foreigners till they are deported is coming up at Nelamangala in Karnataka's Bengaluru Rural district, said a police official
  • Amit Shah has recently indicated that the govt would hold a nationwide exercise across the country to identify, deport foreign nationals overstaying in India illegally

Indian Army chief General Bipin Rawat  (File photo: Hindustan Times)
Indian Army chief General Bipin Rawat (File photo: Hindustan Times)

Indian army chief hopes that Pakistan will act against terror groups

  • Indian Army chief General Bipin Rawat said he hopes that Islamabad will act against terror groups based on its soil
  • The global finance watchdog said Pakistan has failed on 22 of 27 parameters set by an FATF action plan to prove that it was complying with promises it had made in June last year

If he wins the vote, Johnson will go down in history as the leader who delivered a Brexit - for good or bad - that pulls the United Kingdom far out of the EU's orbit. (Photo: Reuters)
If he wins the vote, Johnson will go down in history as the leader who delivered a Brexit - for good or bad - that pulls the United Kingdom far out of the EU's orbit. (Photo: Reuters)

Brexit day of reckoning: Boris Johnson's deal faces wrecking amendment

  • Ex-Conservative lawmaker Letwin has proposed that the decision on whether to back a deal be deferred until all the legislation needed to implement it has been passed through parliament
  • If the amendment is approved by parliament, Johnson's deal would not then be put to a vote on Saturday.

The results reflect the benefits of the rapid scale-up of RIL’s consumer businesses, said chairman Mukesh Ambani (Photo: Pradeep Gaur/Mint)

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The Sassi di Matera is a Unesco World Heritage Site

Matera, crafted in stone

5 min read . 10:25 AM IST
A depiction of a merman on a wall in Portmeirion, Wales.

When fantasy pretends to be history

5 min read . 10:20 AM IST
Johnson & Johnson has already settled some of the lawsuits in which plaintiffs claim they were given cancer by the talc-based personal care products, but 15,500 suits remain (Photo: Reuters)
Johnson & Johnson has already settled some of the lawsuits in which plaintiffs claim they were given cancer by the talc-based personal care products, but 15,500 suits remain (Photo: Reuters)

J&J recalls 33,000 bottles of Baby Powder as FDA finds traces of asbestos

  • Johnson & Johnson is voluntarily recalling the lot, #22318RB, which consists of 33,000 bottles. The firm said that it is working with the FDA, which tested the bottle
  • Johnson & Johnson shares fell 6.2% to $127.70 at the close in New York, the biggest drop since December 2018

Britain's Prime Minister Boris Johnson. To get another referendum, parliament would have to approve new legislation and settle on a question for the public to answer. (Photo: Reuters)
Britain's Prime Minister Boris Johnson. To get another referendum, parliament would have to approve new legislation and settle on a question for the public to answer. (Photo: Reuters)

Brexit reversed: How could Britain end up with a second referendum?

  • A group of lawmakers in the main opposition Labour Party have put forward an amendment calling for approval of any deal to be put to a second referendum
  • But the government has repeatedly ruled out another popular vote saying that to ignore the first one could trigger a constitutional crisis

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman with Chancellor of Exchequer, United Kingdom, Sajid Javid, on the sidelines of IMF-WB Annual Meetings 2019, in Washington DC, USA (Photo: PTI)
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman with Chancellor of Exchequer, United Kingdom, Sajid Javid, on the sidelines of IMF-WB Annual Meetings 2019, in Washington DC, USA (Photo: PTI)

Sitharaman, Manmohan in war of words over state of Indian economy

  • 'We will reach a $5 tn economy with policies that are implemented in an open and transparent manner,' says the FM
  • 'The government is obsessed with trying to fix blame on its opponents, thus it is unable to find a solution that will ensure revival of economy,' the ex-PM said

(Photo: iStock)
Since then the FBI sleuths and their vast network of informers are trying hard to gather clues about Patel's whereabouts. The hunt for Patel is on in Gujarat, Maharashtra and Delhi. (Photo: Reuters)
Since then the FBI sleuths and their vast network of informers are trying hard to gather clues about Patel's whereabouts. The hunt for Patel is on in Gujarat, Maharashtra and Delhi. (Photo: Reuters)

Indian in FBI's top 10 most wanted list, biggest ever hunt launched

  • Bhadresh Kumar Patel, who hails from Viramgam in Ahmedabad, figures in the FBI's top 10 list of most wanted fugitives and carries an award of $100,000
  • FBI considers Patel as a cold-blooded murderer and an 'extremely dangerous' criminal who killed his young wife at a Dunkin' Donuts store in Hanover

Governor Shaktikanta Das on the other hand acknowledged the fiscal prudence of the government. Photo: Ramesh Pathania/Mint
Governor Shaktikanta Das on the other hand acknowledged the fiscal prudence of the government. Photo: Ramesh Pathania/Mint

MPC debates if monetary easing is enough to revive the economy

  • A section of MPC felt that further fiscal measures by government were warranted to deliver the desired results
  • RBI governor Shaktikanta Das emphasized the need for fiscal prudence by the government amid concerns of widening deficit

Sales of vehicles also remained in the red due to the Shraddh period during the month, considered inauspicious for big purchases in the northern and western states (Photo: Ramesh Pathania/Mint)
Sales of vehicles also remained in the red due to the Shraddh period during the month, considered inauspicious for big purchases in the northern and western states (Photo: Ramesh Pathania/Mint)

Retail sales of passenger vehicles see steepest fall on record in September

  • Sales of vehicles also remained in the red due to the Shraddh period, considered inauspicious for big purchases
  • Also, manufacturers did not push much inventory to the dealers expecting sales to remain tepid during the month

Special PMLA court judge P. Rajvaidya sent Rakesh Wadhawan, HDIL’s chairman and managing director, and his son to ED custody till 22 October. (Aniruddha Chowdhury/Mint)
Special PMLA court judge P. Rajvaidya sent Rakesh Wadhawan, HDIL’s chairman and managing director, and his son to ED custody till 22 October. (Aniruddha Chowdhury/Mint)

ED gets custody of Wadhawans till 22 October in PMC Bank case

  • Another depositor of the bank died after his family failed to arrange for funds to pay for a heart surgery
  • Rakesh and Sarang Wadhawan were sent to ED custody in connection with the 4,355 crore PMC scam

Saif Ali Khan in a still from 'Laal Kaptaan' movie.
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Agitating Telangana State Road Transport Corporation (TSRTC) employees (Photo: PTI)
PMC Bank depositors protest over the RBI's curb on the bank (Photo: PTI)
PMC Bank depositors protest over the RBI's curb on the bank (Photo: PTI)

PMC Bank crisis: Depositors hold protest outside RBI headquarters

  • PMC Bank depositors gathered outside the RBI and held protests by showing placards and chanting slogans against the bank and the RBI
  • After an alleged 4,355 crore scam came to light at the PMC Bank, the RBI initially capped withdrawals at 1,000, and later hiked it to 40,000 in three moves

The schemes in this list may not be the same as the ones that top the return league tables for the past year since these do not take into account parameters of risk and other features (Photo: iStock)
The schemes in this list may not be the same as the ones that top the return league tables for the past year since these do not take into account parameters of risk and other features (Photo: iStock)

Mint50: Hand-picked mutual funds to build your portfolio

Mint50, a curated basket of investment-worthy funds, is the result of an exhaustive exercise that blends in various parameters with the aim of getting you the best combination of risk and returns

A file photo of Rahul Gandhi, Priyanka Gandhi Vadra and Congress president Sonia Gandhi (Photo: AP)
A file photo of Rahul Gandhi, Priyanka Gandhi Vadra and Congress president Sonia Gandhi (Photo: AP)

Lacklustre campaign by Congress' Gandhi family for assembly elections

  • While PM Modi has held over 25 election rallies in both Haryana and Maharashtra, Congress president Sonia Gandhi has not campaigned in any public meeting
  • Interestingly, general secretary Priyanka Gandhi Vadra, who had campaigned extensively in Lok Sabha polls, was also missing from the ongoing campaign

Bank FD is considered the most preferred investment because it is considered safer as compared to investments in mutual funds. (Reuters)
The government introduced the EPF scheme in 1952 as a mandatory saving scheme.
Log in to SBI's official website 'www.onlinesbi.com'. (Reuters)
The Supreme Court on Tuesday extended indefinitely its March 31 deadline for linking bank accounts and mobile phone numbers with Aadhaar. Photo: Pradeep Gaur/Mint
PPF Form H needs to be submitted before one year of the maturity of the account
Income tax department data reveals that in the  ₹10-15 lakh salary bracket, there were more than 22 lakh taxpayers. (iStock)
IRDAI's call to introduce the option of multiple premium payment options is a welcoming change (AP)
Workers in Jammu and Kashmir were governed by its EPF scheme of 1961 and the Employees’ Deposit Linked Insurance (EDLI) scheme of 2000 so far. (Photo: Mint)
Workers in Jammu and Kashmir were governed by its EPF scheme of 1961 and the Employees’ Deposit Linked Insurance (EDLI) scheme of 2000 so far. (Photo: Mint)

EPFO to cover 400,000 employees in J&K: Key benefits for workers

  • The move will make J&K employees eligible for a series of social security benefits ranging from family and disability pension to higher life insurance, among others.
  • It shall also reduce the employee cost for companies to some extent

A file photo of UN Security Council (Photo: Reuters)
A file photo of UN Security Council (Photo: Reuters)

UN Security Council needs to take more frequent recourse to ICJ: India

  • India said that the UNSC needs to take more frequent recourse to the ICJ to promote judicial settlement of international disputes before resorting to any other means
  • India said ICJ plays an important, critical role in the maintenance of international peace, security by adjudicating disputes between States

The Gale Crater formed about 3.6 billion years ago when a meteor hit Mars, the study noted (Photo: PTI)
The Gale Crater formed about 3.6 billion years ago when a meteor hit Mars, the study noted (Photo: PTI)

Mars once had salt lakes similar to those on Earth: Study

  • The liquid water on Mars may have become unsustainable and evaporated as the planet's atmosphere became thinner, and the pressure at the surface became lesser, said the study
  • The Mars salt ponds are similar to some found on the Earth such as those in a region called Altiplano near the Bolivia-Peru border

The PFRDA runs the Atal Pension Yojana (APY) and National Pension System (NPS) schemes, and has around 3 crore subscribers currently (Photo: iStock)
The PFRDA runs the Atal Pension Yojana (APY) and National Pension System (NPS) schemes, and has around 3 crore subscribers currently (Photo: iStock)

PFRDA aims to cover 45 crore unorganised sector workers

  • PFRDA says its idea is to reach 45 crore people who are in the unorganised sector and having no access to any financial products
  • The PFRDA runs the Atal Pension Yojana (APY) and National Pension System (NPS) schemes, and has around 3 crore subscribers currently

A strike planned for the main carrier was canceled after the company agreed to a 2% wage increase by the end of the year, UFO said.
A strike planned for the main carrier was canceled after the company agreed to a 2% wage increase by the end of the year, UFO said.

Lufthansa units face 6-hour cabin-crew strike tomorrow

  • Cabin crew at SunExpress Deutschland, Lufthansa CityLine, Germanwings and Eurowings are set to strike between 5 am and 11 am local time, the union said
  • Lufthansa spokeswoman said the airline aims to operate all flights, despite the union’s action

Qantas is modifying in-flight menus and lighting patterns and using its staff as guinea pigs in a test flight this weekend to examine how passengers will cope with such a long journey (Photo: Reuters)
Qantas is modifying in-flight menus and lighting patterns and using its staff as guinea pigs in a test flight this weekend to examine how passengers will cope with such a long journey (Photo: Reuters)

Opinion | World’s longest flights aren’t meant for cattle class

For all the hardship of spending a day cooped up with the body odors of a couple of hundred other humans, long-haul flying isn’t a particularly attractive business for airlines, either

Sriharsha Majety, chief executive officer of Swiggy (Photo: Bloomberg)
Sriharsha Majety, chief executive officer of Swiggy (Photo: Bloomberg)

Swiggy eyes 100 mn customers using the app over 15 times a month in 10-15 years

  • 'If some of our growth estimates come true, it won’t take long before we will be the third-largest source of employment in India,' says CEO Sriharsha Majety
  • Currently, Swiggy clocks nearly 1.4 million food orders daily across India, compared with about 700,000 orders per day a year ago

Chinese Vice Premier Liu He said growth in Sino-US economic and trade cooperation is connected to peace, stability and prosperity of the whole world
Chinese Vice Premier Liu He said growth in Sino-US economic and trade cooperation is connected to peace, stability and prosperity of the whole world

China to work with US to address each other's core concerns

  • Chinese Vice Premier Liu He said stopping the trade war would be good for both countries and the world economy
  • China's third-quarter economic growth slowed to an annual 6.0%, its weakest pace in almost three decades as the bruising trade war hit factory production, investment sentiment

Small savers may not understand the nuances of high finance, but they’re the ones who feel the pain when a cooperative bank goes up in flames. (REUTERS)
Small savers may not understand the nuances of high finance, but they’re the ones who feel the pain when a cooperative bank goes up in flames. (REUTERS)

Opinion | Snatch and grab what you can in India’s NPA melee

A capital constrained economy like India can’t afford a jungle raj in finance

A few prominent craters (Sommerfield, Stebbins and Kirkwood) are seen in the image (Courtesy: Isro)
RIL’s gross refining margin (GRM) has increased to $9.4 per barrel in Q2FY20 from $8.1 per barrel in the June quarter. (REUTERS)
RIL said overall production was 11% higher at 19.9 billion cubic feet equivalent (Photo: Reuters)
RIL said overall production was 11% higher at 19.9 billion cubic feet equivalent (Photo: Reuters)

After a 2-year break, RIL resumes drilling in Chevron shale joint venture

  • RIL said 6 new wells were also put on production, which is the first set of wells to be turned-in-line after a two-year hiatus
  • During the second quarter of calendar year 2019, RIL saw revenue from its shale oil and gas operations drop 41.4% to 343 crore against 585 crore 2018 Q2

Securities and Exchange Board of India (Photo: Reuters)
Former promoters of Ranbaxy, Malvinder Mohan Singh and his brother Shivinder Mohan Singh with three others arrested by Economic Offences Wing (EOW) of the Delhi Police, for allegedly misappropriating funds of Religare Finvest Limited (RFL).  (ANI )
Former promoters of Ranbaxy, Malvinder Mohan Singh and his brother Shivinder Mohan Singh with three others arrested by Economic Offences Wing (EOW) of the Delhi Police, for allegedly misappropriating funds of Religare Finvest Limited (RFL). (ANI )

Here's how the Singh brothers stripped Religare bare of 3,000 crore

  • The FIR against the duo along with erstwhile CEO Sunil Godhwani provides details of the modus operandi
  • Internal inquiries showed that the poor financial condition of Religare Finvest was, to a large extent, on account of wilful defaults

Sensex today ended 246 points higher at 39,298
The winter schedule is from October 27 to March 28, 2020 (Photo: Abhijit Bhatlekar/Mint)
The winter schedule is from October 27 to March 28, 2020 (Photo: Abhijit Bhatlekar/Mint)

Domestic carriers to operate 23,403 flights per week during winter schedule

  • A senior DGCA official said 23,403 departures per week have been finalised, covering 103 airports
  • The number of weekly flights in the upcoming winter schedule is 1.2% higher than 23,117 such flights operated during the previous winter schedule.

The Supreme Court on Friday reserved its order on a bail plea by Chidambaram. (PTI)
Vishal Gondal. (Jayachandran/Mint)
Vishal Gondal. (Jayachandran/Mint)

Vishal Gondal: The game is afoot

  • The founder of GOQii talks to Mint about gaming healthcare, empowering the consumer with data, investing smartly and getting that headstand right
  • Gondal says early stage investing is like talent scouting—90% of the onus is on the team building the business, 10% is on the idea

Christine Lagarde (File photio: Reuters)
Christine Lagarde (File photio: Reuters)

Christine Lagarde thanks EU leaders after confirmation as new ECB chief

  • The former International Monetary Fund chief, 63, will take over from departing ECB president Mario Draghi on 1 Nov
  • Draghi leaves Lagarde, a former French finance minister and a successful corporate lawyer, with a tough task ahead in steering the single currency bloc

ARPU is the total revenue of the operator divided by the number of users or connections on its network. (Aniruddha Chowdhury/Mint)
Police escort Malvinder Singh and his brother Shivinder Singh inside a court premises in New Delhi (Photo: Reuters)
Police escort Malvinder Singh and his brother Shivinder Singh inside a court premises in New Delhi (Photo: Reuters)

Ex-Fortis promoters Malvinder, Shivinder seek interim bail, offer settlement

  • If proposal is suitable, we will not oppose the bail, said the counsel for Religare Finvest
  • The court on Thursday had sent Singh brothers and other accused -- Sunil Godhwani, Kavi Arora and Anil Saxena -- to judicial custody till 31 Oct

Chief Economic Advisor K.V. Subramanian (Photo: PTI) (PTI)
The image caught the attention of the netizens. (REUTERS)
Losing its public sector tag can help BHEL in better receivables management going forward as well.
Losing its public sector tag can help BHEL in better receivables management going forward as well.

Why disinvestment can break the shackles around BHEL

  • BHEL has been expanding into new sectors such as E-mobility, EV-charging, transportation and defence
  • On the power equipment business though, which has been its forte, BHEL is facing growth challenges

Tomatoes are available at  ₹60-80 per kg in the Delhi-NCR market, (Bloomberg)
Tomatoes are available at 60-80 per kg in the Delhi-NCR market, (Bloomberg)

Govt asks Mother Dairy to sell tomatoes at 55/kg or below

  • Tomatoes are available at 60-80 per kg in the Delhi-NCR market
  • The tomato crop in Karnataka has begun arriving in the mandis and this will have an immediate impact on prices especially in the southern region