Sachin Bansal resigns from Ujjivan Small Finance board. Full text of his letter

• Bansal, through his investment firm Navi Technologies, is focusing on the financial services sector
• Bansal founded Navi Technologies after moving out of Flipkart in May 2018

Sensex rises 150 points, HDFC, Hero MotoCorp among top gainers

• Shares of InterGlobe Aviation, which operates IndiGo, moved higher
• Most Asian markets were lower today

Budget 2020: The top 5 officials working behind the scenes on Modi govt’s budget

• Nirmala Sitharaman will deliver her budget speech on February 1
• Here’s a look at five key people in the govt who are working behind the scenes to draw up the income-and-spending plan

What the Union budget can do to re-energize India’s stagnant exports

• Govt needs to allocate funds for faster adoption of technology to digitize trade operations, implement new foreign trade policy
• Once growing at over 20% India’s exports have been stuck at around $300 billion for the last one decade

Coronavirus: Death toll crosses 100, global stocks tumble, US issues advisory

• Global stocks fell, oil prices hit three-month lows, and China's yuan dipped to its weakest level in 2020
• The health commission of China's Hubei province said on Tuesday that 100 people had died from the virus

Tata Motors to launch Nexon EV today

• Nexon EV would be priced in the range of ₹15-17 lakhs
• It will be Tata Motors’s first EV targeting buyers in the personal segment

Beyond net profit, HDFC cheers on growth but shows some stress in Q3

• Loan book growth in the December quarter seems to have increased from the previous quarters
• What should worry investors is the beef-up in provisions, which spiked  to   ₹2,995 cr in Q3, from ₹116 cr a year ago

Rakesh Jhunjhunwala summoned by Sebi over Aptech insider trades

• Aptech is the only company in Jhunjhunwala’s portfolio in which he has management control
• On 7 September 2016, shares of Aptech were locked in their upper circuit level of ₹175.05 after the investor’s brother and wife bought 763,057 shares in the IT firm through block deals

Oil slides to a three-month low on coronavirus contagion jitters

• The virus is the latest upheaval for the oil market
• Investors shrugged off an escalating crisis in Libya

Passport Seva Kendras start passport renewal reminder service

• Remembering your passport expiry date will be hassle-free now as you will get text reminders for passport renewal
• Your Passport Seva Kendra or office will send you two reminders by SMS

Coronavirus outbreak: IndiGo witnesses some cancellations on flights to China

• Budget carrier IndiGo has seen some cancellations on its flight to China, which is hit by Coronavirus outbreak
• IndiGo currently runs two daily direct flights to China

Stocks to Watch: DHFL, InterGlobe Aviation, HDFC, Godfrey Phillips

• HDFC Ltd reported nearly four-time growth in its standalone net profit at ₹8,372.49 crore for the third quarter
• Maruti Suzuki India Ltd, on Monday announced increase in the prices of its products

Godfrey Phillips India, other KK Modi assets on sale,  says  Lalit  Modi

• Companies likely to be sold include Modicare, Modi Healthcare Placement and Twenty Four Seven Stores
• Lalit Modi and his family own 47.09% stake in Marlboro maker Godfrey Phillips, while Philip Morris Global Brands, the owner of the Marlboro brand, owns 25.1%

India's first underwater metro nears completion, to start soon in Kolkata

• The new line is expected to carry about 900,000 people daily
• The authority is awaiting a final installment of ₹200 million over the next two years from the Indian Railway Board, said Manas Sarkar, managing director at KMRC

Big cut in petrol, diesel prices for six straight days. Today's rates here

• Petrol price has never been this cheaper in the last two months
• Petrol and diesel prices have been on the declining path since January 12

Delhi Metro updates: Entry, exit at 2 metro stations to be curtailed tomorrow

• Both the stations are located on the busy yellow line of the Delhi metro which runs from Huda City Centre to Samaypur Badli
• The normal services at these metro stations will be restored at 6.30 pm

Government invites applications for Sebi chairman’s position

• Current chairman Ajay Tyagi’s term at the helm of the regulator ends on 31 March
• Chairman will be appointed on the recommendation of the Financial Sector Regulatory Appointments Committee

Kobe Bryant chopper may have lacked permission to fly in clouds

• There’s no indication that the pilot sought approval from the Federal Aviation Administration controller, according to a recording of radio calls posted on the LiveATC.net website

Income tax rebate, tax exemption, tax deduction: What's the difference

• Under the Income Tax Act, tax exemption, rebate and deduction are all different terminologies
• You can maximise your tax savings by investing and spending wisely

Coronavirus infects markets, India plans Operation Rescue

• The rapid spread of the flu-like virus that originated in China has rattled governments and investors around the world
• The Dow Jones Industrial Average erased its advance for the year on Monday, while the S&P 500 Index slid the most in almost four months

TikTok rival Byte becomes 'most downloaded iPhone app' in US

• Byte reboots the deprecated Vine video-sharing service
• The timing of Byte’s release coincides with a moment of reckoning for TikTok and its Beijing-based parent company

For online retailers, offline becomes the crucial battleground

• Amazon has joined the ranks of Flipkart and Reliance Retail, which plan to add kirana stores to their network
• Flipkart has been partnering with kirana stores since last year to scale up its last-mile reach

ED arrests DHFL’s Kapil Wadhawan in Iqbal Mirchi money laundering case

• Wadhawan remanded to ED custody till 29 January
• This case is related to a Rs2,186 crore loan given to Sunblink Real Estate, which is under investigation for having links with deceased gangster Iqbal Mirchi

China virus outbreak update: Toll rises to 82, measures fail to slow spread

• China’s death toll from the coronavirus climbed to at least 82. Authorities said the virus isn’t yet under control despite aggressive steps to limit the movement of people
• More than 2,835 cases have been reported in 15 countries and territories

Airports fighting coronavirus fire with heat scans

• This isn’t the first time thermal scanning is being used to screen higher body temperature related to infections that can cause an epidemic
• Thermal cameras are effective only to the point of telling who has a higher body temperature or is running a high fever

PSU banks take the lead, reward high credit score

• Public sector banks are already offering differential pricing on home and auto loans
• Private banks usually lend to those with higher scores, leaving little scope for differential rates, say experts

Maruti to increase product prices from 27 January

• The company though did not specify the product wise increase in prices
• Most manufacturers are still upgrading their products in the portfolio to the Bharat Stage 6 emission norm

Slump in two-wheeler sales suggests 'the big slowdown is in': Abhijit Banerjee

• It's the people in the informal sector who buy the two-wheelers and their sales are slowing down the most, said the Nobel laureate
• Banerjee also referred to former CEA Arvind Subramanian to drive home his point

Budget 2020 | Increase deduction limit, say planners

Financial planners also feel the government should consider making equity instruments more rewarding for investors and simplify their structure

Air India sale may struggle to fly despite better terms from govt

• The government’s decision to sell its entire stake in Air India is a big positive
• Govt will also retain the majority of the airline’s debt, which can lead to a 60% drop in interest costs

To avoid IndiGo-like feud, Sebi panel proposes sweeping changes to RPT norms

• The committee said the net worth criterion should not apply to companies with negative networth; further, companies can specify a lower materiality threshold as per their RPT policies
• Any person or any entity, directly or indirectly, holding 20% or more of the holding may also be considered as related party

Dr Reddy’s surprises the Street in December quarter as margins rise

• In the December quarter, domestic revenue grew 13% y-o-y. Russia grew 20% y-o-y, while emerging markets expanded 12%
• Price erosion in the US continues, though at a slower pace

Govt inks peace pact with Assam militant group NDFB

The accord, signed in the presence of home minister Amit Shah, Assam CM Sarbananda Sonowal and representative of factions of the NDFB, will ensure that 'territorial integrity' of Assam is maintained

Terrorist outfits step up recruitment drive despite J&K blockade

• The recruitment into armed cadres of the terrorist groups was the highest in Pulwama and Shopian
• In comparison, in north Kashmir, 14 terrorists were recruited from Anantnag, while 12 each were recruited from Baramulla and Kulgam

West Bengal Assembly passes resolution against CAA

• 'Time has come to put aside narrow differences and fight together to save the country,' said CM Mamata Banerjee during her address in Assembly on anti-CAA resolution
• After Kerala, Punjab and Rajasthan, West Bengal is the fourth state to pass a resolution against the CAA

ICICI Bank, Bank of Baroda Q3 results show how mergers hurt

• Merging balance sheets was the easiest task for Bank of Baroda, but eking out synergy benefits takes time
• ICICI Bank has managed to weather a challenging environment, beefing up provisions and having an enviable capital

Corporate lending space looks promising: BoB CEO Sanjiv Chadha

• Bank of Baroda has the potential to grow at a rate faster than the industry rate and circumstances are propitious
• When it comes to the corporate lending space, there is a lot of space that is getting vacated because banks seem to believe that retail banking is the only place to be in

iOS 14 update: Are you an old iPhone user? Apple might throw you a lifeline

• According to a fresh rumour, the iOS 14 may support all those devices that are currently supporting iOS 13 versions
• The rumoured report on the site also released the iPad lineup, which would receive the next iPadOS update