(Mint)
(Mint)

PSU banks to offer home, auto loans on ‘59minutes’ portal

  • SBI, Union Bank of India and Corporation Bank to extend in-principle approval to loans of up to Rs5 crore through the portal
  • The platform has helped in expediting loan disbursement and bringing ease in banking process by saving time for both bankers and customers

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Newly-appointed US defense secretary Mark T. Esper
Newly-appointed US defense secretary Mark T. Esper

Kashmir India's internal matter: US defence secretary Mark T. Esper

  • US defense secretary Mark T. Esper told Rajnath Singh that Kashmir was an internal matter of India and that all India-Pakistan issues need to be settled bilaterally
  • Rajnath Singh also raised the issue of cross-border terrorism and appreciated US support to maintain peace and stability in the region

Pakistan's foreign minister Shah Mehmood Qureshi. (Reuters)
Pakistan's foreign minister Shah Mehmood Qureshi. (Reuters)

Pakistan to approach ICJ over Kashmir issue: Shah Mehmood Qureshi

  • An in-principle decision has been taken to take the issue of Kashmir to the International Court of Justice, Pakistan foreign minister Shah Mehmood Qureshi said
  • India has categorically said the scrapping of Article 370 to revoke the special status of Jammu and Kashmir was an internal matter

Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai.  (Reuters )
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DBS, which had set a target of reaching a 5 million customer base in India by 2023, now expects to achieve this target early. (Reuters)
DBS, which had set a target of reaching a 5 million customer base in India by 2023, now expects to achieve this target early. (Reuters)

DBS Bank to enter India's credit card market next year

  • Singapore-based DBS’ move highlights its efforts to tap growth outside its home market to offset weakness in the local economy
  • Global rivals, such as Citigroup, also looking to expand their credit card customer base in India

 (Mint file)
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Potential triggers of a crisis that need to be monitored include defaults in repayment of debt, liquidity mismatches, and large fluctuations in exchange rates. (Photo: Reuters )
Potential triggers of a crisis that need to be monitored include defaults in repayment of debt, liquidity mismatches, and large fluctuations in exchange rates. (Photo: Reuters )

Another Asian debt crisis likely on the cards, warns McKinsey

  • The warning shot comes as a slowing global economy puts pressure on earnings at Asian companies
  • Mckinsey found over 23,000 companies across eleven Asia-Pacific countries firms, is facing face “significant stress” in servicing debt obligations

Long Reads
Hyundai Grand i10 Nios is based on a new platform compared to the existing Grand i10
Hyundai Grand i10 Nios is based on a new platform compared to the existing Grand i10

Hyundai launches Grand i10 Nios starting at 4.99 lakh

  • Hyundai Grand i10 Nios is the third launch of the company this year after compact SUV Venue and and electric SUV Kona
  • Grand i10 Nios will come with Bharat Stage 6 emission norm compliant petrol and diesel engine variants

Plain Facts
Donald Trump's geographic advantage is so strong he could lose the popular vote by 5 million and still win, according to one analysis (Photo: Reuters)
Donald Trump's geographic advantage is so strong he could lose the popular vote by 5 million and still win, according to one analysis (Photo: Reuters)

Yes, Donald Trump can win re-election; but he’s right to worry

  • Donald Trump’s approval rating is 43% in two new surveys by NBC/Wall Street Journal and Fox News.
  • Despite low unemployment, record stock market highs, his approval has averaged in the low 40s steadily through his presidency

As per the study, bank deposit rates remain the largest constraining factor in rate transmission. Photo: Mint
As per the study, bank deposit rates remain the largest constraining factor in rate transmission. Photo: Mint

Link bulk deposits to repo for effective transmission of interest rates: SBI

  • Reserve Bank of India Governor Shaktikanta Das has stressed the need for the entire banking system to link their loans and deposits pricing to the repo rate
  • A dozen public sector banks, including State Bank of India (SBI), have voluntarily linked their interest rates to repo

Chandrayaan-2 will make a soft landing on the lunar surface on 7 September
Chandrayaan-2 will make a soft landing on the lunar surface on 7 September

The 90 degree challenge for Chandrayaan-2

  • Chandrayaan-2 is set for its historic soft landing on the moon on 7 September
  • It was injected into the moon’s orbit on Tuesday. It would undertake four more manoeuvres to reach the final orbit around the moon

IRCTC will also pay for the custody of trains, including spares
The new set of Train 18 is likely to commence operations between Delhi and Katra. (@RailMinIndia)
 Jofra Archer during nets (Photo: Reuters)
Veteran investor Mark Mobius (Mint file)
INR-USD rate today: The rupee closed at 71.71 against the US dollar against Monday's close of 71.43
 (Photo: Mint)
Steve Smith (Photo: Reuters)
Virat Kohli. (Photo: Reuters)
Although India’s share in Chinese imports is rising, it still remains small.  (Photo: Indranil Bhoumik/Mint)
The Vitara Brezza (Mint file)
RIL and TCS have in the past also competed with each other for the number one position in terms of m-cap (Photo: Mint)
RIL and TCS have in the past also competed with each other for the number one position in terms of m-cap (Photo: Mint)

TCS surpasses RIL to reclaim most valued firm by market capitalisation

  • At the end of trade today, the market valuation of TCS was at 8,20,702.82 crore, which is 11,835.13 crore more than that of RIL's 8,08,867.69 crore
  • Shares of TCS rose 1.09% to close at 2,187.15 apiece on the BSE, while those of RIL fell 1.25% to 1,276

Uttar Pradesh Chief Minister Yogi Adityanath. (Photo: ANI)
 (Mint file)
For digital India to succeed, access to mobile phones is not enough because of the significant differences that exist in usage. (Photo: Hemant Mishra/Mint)
P Chidambaram (Mint file)
Shell India is looking to sell its remaining 10% stake in MGL.
As a global software vendor, Wipro has been investing in the three domains over the last eight years
As a global software vendor, Wipro has been investing in the three domains over the last eight years

Wipro, IISc to jointly innovate in robotics, 5G

  • The industry-academia partnership will focus on research and development (R&D) in disruptive technologies
  • Wipro Chief Executive Abidali Neemuchwala said the partnership would enable them to develop innovative solutions in transformative technologies

Vodafone-Idea has been high subscriber churn, and the top priority should be to improve execution. (Photo: Bloomberg)
Vodafone-Idea has been high subscriber churn, and the top priority should be to improve execution. (Photo: Bloomberg)

Vodafone Idea’s CEO exit comes amidst high subscriber churn

  • Vodafone Idea keeps up broadband subscriber additions to protect its revenue market share
  • Cumulatively, Vodafone Idea’s subscriber market share has dropped from 38.4% in July 2018 to 32.9% in June this year

To avoid installing fake mobile apps, users should check an app's description before downloading and avoid downloading apps from third-party app stores.
To avoid installing fake mobile apps, users should check an app's description before downloading and avoid downloading apps from third-party app stores.

Google removes 27 apps that guided users to fake Play Store

  • These apps were designed to infect devices with adware after someone fell prey to their continuous installation prompts for fake "Google Play Store"
  • The fake "Google Play Store" remained in the device even after its parent app was uninstalled

In collaboration with mining manufacturer Molycop and other industry partners, Professor Sahajwalla's project will deliver new information about high-temperature reactions of waste and selective synthesis techniques.
In collaboration with mining manufacturer Molycop and other industry partners, Professor Sahajwalla's project will deliver new information about high-temperature reactions of waste and selective synthesis techniques.

$3.3mn grant for Indian-origin researcher to manage battery waste

  • Veena Sahajwalla. Founding Director of UNSW's Centre for Sustainable Materials Research & Technology (SMaRT), received the $3.3 million grant
  • She has developed advanced manufacturing capabilities that focus on small-scale processing of materials produced from battery and consumer wastes

 (Bloomberg)
A file photo of US President Donald Trump. (Reuters)
A file photo of US President Donald Trump. (Reuters)

Trump tells Imran to tone down rhetoric

  • US President Donald Trump dialed Pakistan prime minister Imran Khan after speaking to Indian prime minister Narendra Modi
  • He asked Khan to tone down the rhetoric against India and avoid escalation of the situation in Jammu and Kashmir

Delhi CM Arvind Kejriwal flags off new buses. (Pradeep Gaur/ Mint )
 External Affairs Minister S Jaishankar speaks to media personnel on his arrival in Dhaka, Bangladesh (PTI)
External Affairs Minister S Jaishankar speaks to media personnel on his arrival in Dhaka, Bangladesh (PTI)

NRC in Assam India's internal matter: Jaishankar

  • Jaishankar is in Dhaka on a two-day visit, his first to Bangladesh after taking over the charge of External Affairs Minister
  • Jaishankar's remarks came ahead of the publication of the final list of the NRC in Assam on 31 August

Photo: Aniruddha Chowdhury/Mint
After this, Isro would perform another series of orbit maneuvers to enable Chandrayaan 2 to enter its final orbit passing over the lunar poles at a distance of about 100 km from the Moon’s surface.
After this, Isro would perform another series of orbit maneuvers to enable Chandrayaan 2 to enter its final orbit passing over the lunar poles at a distance of about 100 km from the Moon’s surface.

Chandrayaan-2 enters moon’s orbit

  • Chandrayaan-2 successfully entered the moon’s orbit, early morning on Tuesday
  • The next Lunar bound orbit maneuver would be carried out on Wednesday between 1230-13:30 pm

RBI governor Shaktikanta Das (AP file)
RBI governor Shaktikanta Das (AP file)

Opinion | Help the economy talk itself up

The ball is in the government’s court, rather than RBI’s. Ever since New Delhi’s admission of the urgent need to address India’s economic woes, it seems inundated by advice.

India imposes a 30% corporate tax rate on domestic companies and 40% on foreign firms (iStock)
India imposes a 30% corporate tax rate on domestic companies and 40% on foreign firms (iStock)

Govt panel suggests 25% corporate tax for all companies: Report

  • The panel headed by Akhilesh Ranjan, a member of the central board of direct taxes, delivered its report to Sitharaman on Monday
  • A finance ministry source who reviewed the report said it recommended an overhaul of the Income Tax Act

Hundreds live along the banks of the Yamuna and they were being moved to safer places since Sunday. Photo by Ramesh Pathania/Mint
Hundreds live along the banks of the Yamuna and they were being moved to safer places since Sunday. Photo by Ramesh Pathania/Mint

Yamuna floods homes, thousands shifted

  • The Yamuna breached the danger mark of 205.33m on Monday night and was expected to get more water by late Tuesday or early Wednesday
  • The water level was rising due to rains in northern India and discharge of water from Hathni Kund Barrage in Haryana

 (Reuters)
The Nokia 105 can store up to 2,000 contacts and up to 500 SMS
The 'Burner Phone' might be a genius in hiding—hypebeasts wouldn't have to worry so much if they did lose that unmistakable red phone.
The 'Burner Phone' might be a genius in hiding—hypebeasts wouldn't have to worry so much if they did lose that unmistakable red phone.

Supreme's 'burner phone' is for hypebeasts, but has more in common with JioPhone

  • The phone is essentially a Blu Zoey 2.4 feature phone with a basic candy bar design. It has a whopping 128MB of (expandable) internal storage and 2.4-inch screen
  • The price of the 'Burner Phone' wasn't mentioned in the catalogue, but a standard Blu Zoey 2.4 sells for about 2,000

The minister exuded confidence that government will be able to fast track completion work of houses under the Pradhan Mantri Awas Yojana (Urban).. Photo: Indranil Bhoumik/Mint
The minister exuded confidence that government will be able to fast track completion work of houses under the Pradhan Mantri Awas Yojana (Urban).. Photo: Indranil Bhoumik/Mint

'Housing for all' target to be achieved by 2020: Hardeep Puri

  • The Union Housing and Urban Affairs Minister said that under the PMAY(Urban), 24 lakh houses have so far been handed over to beneficiaries and the number will soon reach 50 lakh
  • There are 48 lakh houses which are currently grounded, but this number will also rise to 75 lakh, Puri told reporters

Andhra Pradesh chief minister YS Jaganmohan Reddy (HT file)
The animation and the VFX segment witnessed a strong growth of 18.7% in FY19, to reach a size of Rs. 87.7 billion (iStock)
The animation and the VFX segment witnessed a strong growth of 18.7% in FY19, to reach a size of Rs. 87.7 billion (iStock)

Digital, regional content drive Indian media, entertainment growth in FY19: KPMG

  • The digital sector is expected to grow at 29.1% between FY19 and FY24 to reach 621 billion by 2024
  • This will lead to the emergence of regional content as a major driver across TV, print, cinema, music and OTT video-streaming segment

Photo: Bloomberg
The investment would span over the next five years.. Photo: Mint
The investment would span over the next five years.. Photo: Mint

GAIL to invest 45,000 crore in expansion of pipelines, city gas network

  • GAIL currently operates 11,000-km of pipeline network and markets two-thirds of all natural gas sold in the country
  • GAIL is looking to put up 400 CNG stations and give out a record 10 lakh piped natural gas (PNG) connections to household kitchens in the next 3-5 years

Yes Bank has 12.79% stake in CG Power as in the June 2019 quarter on BSE.
Royal Enfield says it follows a multi-vendor strategy wherever necessary and is not dependent on any particular vendor for manufacturing BS-VI compliant vehicles. Saisen/Mint
Royal Enfield says it follows a multi-vendor strategy wherever necessary and is not dependent on any particular vendor for manufacturing BS-VI compliant vehicles. Saisen/Mint

Royal Enfield’s BS-VI roll-out plans ride on outcome of IP case

  • If case isn’t resolved, firm will have to look for a new supplier which will increase cost
  • The issue relates to the usage of the regulator rectifier, a component mandatory for all BS-VI compliant products

Earnings for the year ended March 2019, and previous years may have to be restated: CG Power
CAPF personnel will now retire at a uniform age of 60 years, a government order said on Monday. (PTI)
CAPF personnel will now retire at a uniform age of 60 years, a government order said on Monday. (PTI)

Govt fixes anomaly in retirement age of CRPF, BSF, ITBP and SSB personnel

  • The Monday order also directed all the forces to "comply with the court order and amend provisions of rules
  • MHA direction comes in the wake of a January order of the Delhi high court where it had called the policy of different age of superannuation as 'discriminatory and unconstitutional'