Grounded planes of Jet Airways are pictured at Chattrapati Shivaji International Airport in Mumbai.  (AFP)
Grounded planes of Jet Airways are pictured at Chattrapati Shivaji International Airport in Mumbai. (AFP)

Tatas may be waiting in the wings to buy Jet Airways

  • The Tata group may revive a bid to acquire Jet Airways only if the airline goes to the bankruptcy court
  • Last year the Tata Group withdrew from talks to buy Jet as its founder, Naresh Goyal, was unwilling to cede control

Source: Bank Filings (Paras Jain/Mint)
It is not easy to compete with incumbents such as Maruti Suzuki, which rolls out one in every two cars sold in the country
 (Mint)
Pulwama and the subsequent Balakot airstrikes have failed to impress farmers who want the centre to focus on issues that directly affect them (Satish Bate/Hindustan Times)
Pulwama and the subsequent Balakot airstrikes have failed to impress farmers who want the centre to focus on issues that directly affect them (Satish Bate/Hindustan Times)

In Narendra Modi’s Gujarat, rural anger still rules

  • Gujarat still seems to be stuck in the clear rural-urban divide of 2017. Will Pulwama and Balakot make a difference?
  • In 2014, the BJP won all 26 Lok Sabha seats in Gujarat. But the situation seems to have changed. While the BJP still holds sway in urban areas, rural distress has the saffron party on edge

Elections 2019
View All
 (Mint)
Brookfield owns around 300 megawatts of solar assets in India, but it added the portfolio following the global acquisition of SunEdison’s yieldco Terraform Global Inc, which it acquired for $750 mn in December 2017. (Bloomberg)
Brookfield owns around 300 megawatts of solar assets in India, but it added the portfolio following the global acquisition of SunEdison’s yieldco Terraform Global Inc, which it acquired for $750 mn in December 2017. (Bloomberg)

Canada’s Brookfield looks to acquire Mytrah Energy

  • Stake sale could be valued at more than $1 billion, reaching up to nearly $1.5 billion
  • The deal will also be largest transaction in the Indian renewable space in terms of size of the portfolio

A BJD supporter in Puri. Congress leaders as well as the people believe the party may slip to third spot behind BJD and BJP. (PTI )
SBI has extended credit worth  ₹1,958 cr to Jet Airways, which accounts for 27% of the airline’s total debt,mint
SBI has extended credit worth 1,958 cr to Jet Airways, which accounts for 27% of the airline’s total debt,mint

11 Jet lenders could see a major haircut to their exposure

  • Etihad Airways has asked Jet’s lenders to take an 80% haircut on their debt to the airline for it to make a bid
  • Jet Airways owes the 11 banks, including nine Indian banks, about 11,261 crore, the person said

An injured Sri Lankan woman lays on a stretcher as hospital workers push her at the District General Hospital in Negombo, following an explosion at St Sebastian's Church.  (AFP )
An injured Sri Lankan woman lays on a stretcher as hospital workers push her at the District General Hospital in Negombo, following an explosion at St Sebastian's Church. (AFP )

Sri Lanka on the edge as Easter Sunday bombings kill 200

  • 3 Indians among those dead in eight blasts at churches and hotels in and around Colombo
  • The three bombed hotels and one of the churches, St Anthony’s Shrine, are frequented by foreign tourists

Grounded planes of Jet Airways are pictured at Chattrapati Shivaji International Airport. (Photo: AFP)
People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Reuters)
An empty counter is pictured at the ground floor of Jet Airways head office in Mumbai.  (AFP)
One cannot deny that Power Grid’s earnings will continue to expand
India’s economy is bank-led and the improvement in credit growth is an encouraging sign for growth to pick up
India’s economy is bank-led and the improvement in credit growth is an encouraging sign for growth to pick up

The impediments in fund flows to the economy are all set to go

  • Why is the worry of insufficient fund flow still lingering in the market and where exactly is the problem?
  • A large part of this distress stems from the shrinkage in one source of funds, non-banking financial companies

Prime Minister Narendra Modi during an election campaign rally in Patan, Gujarat on Sunday (Photo: Reuters)
A district hospital near Bastar wears a forlorn look. No new doctors or nurses are ready to come to the Naxal-infested state, claims staff.  (Photo: Shaswati Das/Mint)
A district hospital near Bastar wears a forlorn look. No new doctors or nurses are ready to come to the Naxal-infested state, claims staff. (Photo: Shaswati Das/Mint)

In Chhattisgarh, health and education are top concerns

  • As seven seats go to polls Tuesday, voters hope for a govt that deals with paucity of staff and improves facilities
  • The thoughts of many voters are focused on two priorities —health and education—in one of India’s poorest states, with a large tribal population

Former Chhattisgarh chief minister Raman Singh. (Photo: Mohd Zakir/HT)
BJP did not blink even after it became public that a large number of Jet Airways employees would be rendered jobless. (Photo: PTI)
BJP did not blink even after it became public that a large number of Jet Airways employees would be rendered jobless. (Photo: PTI)

Opinion | The Jet saga and the principle of the rule of law

India’s biggest bane has been its reluctance to let go of unproductive units

Mallikarjun Kharge (Photo: HT)
APAC Financial Services founder Gunit Chadha.
Tamil Nadu chief minister Edappadi Palaniswami (left) with deputy chief minister O. Panneerselvam. (Photo: PTI)
Tamil Nadu chief minister Edappadi Palaniswami (left) with deputy chief minister O. Panneerselvam. (Photo: PTI)

Tamil Nadu bypolls to determine fate of AIADMK govt

  • The government is banking on the bypolls to complete its full term, failing which it risks splintering into more factions
  • The AIADMK has 113 out of the 235 (one nominated) seats in the House while the DMK has 88

Photo: PTI
An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia. (Reuters )
An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia. (Reuters )

Saudi Aramco to buy Shell's stake in Saudi refining JV for $631 million

  • The purchase, which is part of Aramco's strategy to expand its downstream operations, will be completed later this year, they said in a joint statement
  • Saudi Aramco Shell Refinery Co, based in Jubail Industrial City in Saudi Arabia, has a crude oil refining capacity of 305,000 barrels per day

Across vintage years 2011-2015, buyout funds have delivered a median net IRR (internal rate of return) of 16-21% (iStock)
Supporters of the Bhartiya Janta Party (BJP) hold placards with the images of Indian Prime Minister Narendra Modi (R) and BJP president Amit Shah (C) at a rally in Patan. (AFP )
Supporters of the Bhartiya Janta Party (BJP) hold placards with the images of Indian Prime Minister Narendra Modi (R) and BJP president Amit Shah (C) at a rally in Patan. (AFP )

Campaigning for Phase 3 of Lok Sabha polls ends

  • Polling will be held in the 115 seats, spread across 14 States and Union Territories
  • All seats in Gujarat (26), Kerala (20), Goa (2), Dadra and Nagar Haveli (1) and Daman and Diu (1) go to polls in the third of the seven-phase election

Pollution along the coast has depleted schools of fish, and fishermen have to go deeper into the ocean for a good catch
Pollution along the coast has depleted schools of fish, and fishermen have to go deeper into the ocean for a good catch

Elections 2019: ‘Nation stood with Abhinandan, none with us fishers’

  • Fishermen from Porbandar, which is about 250 nautical miles from the Pakistan port of Karachi, often cross into international waters
  • Pollution along the coast has depleted schools of fish, and fishermen have to go deeper into the ocean for a good catch

 (Photo: PTI)
(Photo: PTI)

Opinion | Is Chhattisgarh going to vote for change again?

Voters have followed a trend of repeating the assembly preferences in national polls

A file photo of finance minister Arun Jaitley
A file photo of finance minister Arun Jaitley

It’s time of stand up with judiciary, Arun Jaitley on allegations against CJI

  • Arun Jaitley has rubbished the allegations stating that the Chief Justice Gogoi is known for his strong values and ethics
  • In the light of the MeToo movement this blog supporting the Chief Justice is a step backwards for women coming out in open to narrate their work-place harassment complaints

The panel headed by finance secretary Subhash Chandra Garg was constituted in March last year to prepare the report. (Pradeep Gaur/Mint)
The panel headed by finance secretary Subhash Chandra Garg was constituted in March last year to prepare the report. (Pradeep Gaur/Mint)

FinMin set to issue policy norms for fintech sector

  • Panel to suggest how fintech can be leveraged for financial inclusion of MSMEs
  • The panel looked at the regulatory regime for the fintech space and explored the creation ‘sandbox model’

The rising population in Rajkot puts pressure on the district administration’s ability to provide healthcare and education. (Nandan Dave/Mint)
Odisha CM Naveen Patnaik has come out with micro videos where he is seen interacting with the youth of the state. (Photo: Twitter)
Odisha CM Naveen Patnaik has come out with micro videos where he is seen interacting with the youth of the state. (Photo: Twitter)

Naveen Patnaik rides social media wave to reach out to young urban voters

  • By tapping social media, Patnaik is building a narrative that he is still a credible face of 45 million Odias
  • After a fitness video to dispel doubts over his health, Patnaik has now come out with micro videos where he is seen interacting with the youth

Arvind Panagariya (Pradeep Gaur/Mint )
Jobs and infrastructure are high on the list of priorities for the residents of Ahmedabad, a city that was once an economic powerhouse but has lost out to other urban centres. (PTI)
Jobs and infrastructure are high on the list of priorities for the residents of Ahmedabad, a city that was once an economic powerhouse but has lost out to other urban centres. (PTI)

Textile city wants new govt to jump-start the economy, focus on infrastructure

  • The new economy has created its own hubs, and Gujarat, though known for its hard-working and business-minded ways, seems to have stayed within traditional set-ups
  • Ahmedabad hasn’t seemed to be able to catch up since

Photo: Alamy
Photo: Alamy

Opinion | More creative destruction and less regulation would help India

Jet’s woes reflect poor management and stiff competition. Neither warrants government intervention to keep a zombie alive

Photo: Mint
Mint Lounge
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The fork of Alimentarium

Chronicles of meals untold

4 min read . 21 Apr 2019
A voter being marked during the first phase. Pradeep Gaur/Mint

Elections 2019: Blot of the ballot

1 min read . 21 Apr 2019
Stills from ‘Red Phallus’

Bhutan’s New Wave

6 min read . 21 Apr 2019
Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City. (Reuters)
The indifference towards politics in Ahmedabad isn’t the “all politicians are useless” variety, a favourite of the elite in Delhi, Mumbai and Bengaluru. Rather, it is that people have to first earn their living and worry about other issues later. (alamy)
The indifference towards politics in Ahmedabad isn’t the “all politicians are useless” variety, a favourite of the elite in Delhi, Mumbai and Bengaluru. Rather, it is that people have to first earn their living and worry about other issues later. (alamy)

Ahmedabad’s millennials look for return on investment while voting too

  • In 2014, the Bharatiya Janata Party (BJP) won both the city’s Lok Sabha seats with comfortable margins
  • Politics, if on people’s minds, is tucked way low on the to-do list

Kanhaiya Kumar during a public meeting in Begusarai. (PTI)
Kanhaiya Kumar during a public meeting in Begusarai. (PTI)

Opinion | How the old elite managed to co-opt Kanhaiya Kumar

The poor are co-opted into systems where the rich hold all the cards. That is how the rich win

The Rajkot-Porbandar Express is cheap and fast, but it’s also overcrowded and desperately in need of new coaches. (Varun Sood)
The Rajkot-Porbandar Express is cheap and fast, but it’s also overcrowded and desperately in need of new coaches. (Varun Sood)

A heartfelt and open letter to India’s future railways minister

  • Hundreds of ordinary citizens travel between Rajkot and Porbandar, two busy economic hubs, for personal and professional reasons every day
  • The Porbandar-Rajkot Express is an entirely general class train

 (Mint)
(Mint)

How your investments in NPS are faring

  • There are eight pension fund managers to choose from and one of the ways to choose your fund manager is by tracking the returns
  • Here is a breakdown of the performance of different funds of the private sector NPS

Jayachandran/Mint
 (Photo: Mint)
The ministry monitored 367 projects of Indian Railways in December 2018. (HT )
The ministry monitored 367 projects of Indian Railways in December 2018. (HT )

205 railway projects report cost overrun of 2.21 lakh crore

  • The MOSPI monitors central sector projects involving an expenditure of 150 crore and above
  • According to the report, the total original cost of these 205 projects was 1,68,116.34 crore up to December 2018

Binge-watching has been defined as watching three or more episodes of a TV show in one sitting. Photo: AP
Binge-watching has been defined as watching three or more episodes of a TV show in one sitting. Photo: AP

Waiting for weekend to binge watch Netflix? You may have a 'mean world' syndrome

  • Researchers looked at five most binge-watched series: House of Cards, Unbreakable Kimmy Schmidt, Marco Polo, Bloodline and Daredevil
  • The more hour you spend on Netflix, the more likely it is that you see the world as a mean and scray place, say researchers

Photo: Reuters
Photo: Reuters

Opinion | Uber’s expectations from its IPO may be a bit too ambitious

Zero profitability prospects, regulatory troubles and growing driver anger could spoil its dreams

A woman walks past a signboard of DHFL. Photo: Reuters
A woman walks past a signboard of DHFL. Photo: Reuters

DHFL funds breach Sebi’s group exposure limits

  • The  funds  sold  securities  other  than DHFL’s to meet redemption pressure, and are now left with a high concentration of securities from the parent firm
  • Exposure of three DHFL schemes to DHFL Group papers jumped from 7.5-8.5% in June 2018 to 29-37% in March 2019

Supporters of the Bhartiya Janta Party (BJP) hold placards with the images of Indian Prime Minister Narendra Modi (R) and BJP president Amit Shah (C) at a rally in Patan. (AFP )
Supporters of the Bhartiya Janta Party (BJP) hold placards with the images of Indian Prime Minister Narendra Modi (R) and BJP president Amit Shah (C) at a rally in Patan. (AFP )

Lok Sabha Elections 2019: BJP to defend 62 seats in phase 3, Congress 16

  • It will also be a test for the ruling Bharatiya Janata Party (BJP) which will aim to defend the maximum number of seats at 62
  • Gujarat being the home state of Prime Minister Narendra Modi, the BJP would again look for clean sweep in the state

 (Photo: Reuters)

Job creation trebles in Feb at 8.61 lakh: EPFO payroll data

  • The retirement fund body Employees' Provident Fund Organisation has been releasing payroll data from April 2018
  • According to the latest data, the highest job creation was recorded in January 2019 at 8.94 lakh against the provisional estimate of 8.96 lakh released last month

Prime Minister Narendra Modi addresses a public election rally meeting during upcoming lok sabha election campaign 2019. (Photo: ANI)
Prime Minister Narendra Modi addresses a public election rally meeting during upcoming lok sabha election campaign 2019. (Photo: ANI)

India missed 'golden opportunity' to resolve Kashmir dispute in 1971 war: PM

  • Modi said then Congress government signed Shimla agreement (in 1972) "under global pressure" and released over 90,000 prisoners of war (PoW) instead of resolving the Kashmir dispute
  • The prime minister said that it was a trump card in the hands of the government but the chance was missed

KKR & Co. acquired EmCare parent company Envision Healthcare in October 2018
Delhi CM Arvind Kejriwal. (ANI)
 (Photo: AFP)