'The PMO is very clear that we cannot be selling government companies to another government company and then call it privatisation,' the official said. (Reuters)
'The PMO is very clear that we cannot be selling government companies to another government company and then call it privatisation,' the official said. (Reuters)

Govt plans to sell BPCL, Concor, Air India by March 2020: Report

  • The government plans to sell Bharat Petroleum Corp Ltd, logistics firm Container Corp of India Ltd and debt-laden Air India
  • The govt aims to sell these state-owned firms to local or foreign firms to raise up to 60, 000 crore

Union Road Transport Minister Nitin Gadkari.  (PTI)
Sensex rose over 1,400 points in early trade (Reuters)
Compared to IT, financials, energy, consumer staples and materials such as metals has scope for notable upgrades in earnings. (Photo: Abhijit Bhatlekar/Mint)
Compared to IT, financials, energy, consumer staples and materials such as metals has scope for notable upgrades in earnings. (Photo: Abhijit Bhatlekar/Mint)

Not much relief for IT companies FY20 post tax rate cut

  • The actual tax incidence varies across IT companies depending on their exposure to tax exemption zones
  • Effective tax rates of most large IT companies are already low or close to the new tax rates announced by the government

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In the first quarter of FY20, earnings of the Mid-cap 100 fell by about 5%. (Photo: iStock)

Mint SecureNow Mediclaim Ratings 2019

Don’t just go by premiums, check features and claims settlement too before buying a health plan Check the Ratings
Protesters burn effigy during a protest against proposal of 'One Nation, One Language' to promote Hindi in Kolkata on 16 September 2019 (Photo: Reuters)
Protesters burn effigy during a protest against proposal of 'One Nation, One Language' to promote Hindi in Kolkata on 16 September 2019 (Photo: Reuters)

Why resisting Hindi is no longer enough

The linguistic state project was about plurality, not merely language. Does the south still remember?

This year we rated 24 insurance companies and 112 policies across three broad categories of price, features and claims. (Photo: iStock)
This year we rated 24 insurance companies and 112 policies across three broad categories of price, features and claims. (Photo: iStock)

Choose from India’s best health policies

  • Don’t stop at top-rated plans; find one that caters to your needs
  • The ratings should not only help you choose a plan well but also help you develop an understanding about what to look for in health insurance

Another recommendation is to link home loan lending rates to a common external benchmark, such as the RBI's repo rate.

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A study commissioned by AB-PMJAY found that one-third of all claims involved high-value claims.
The new SBI loans will be offered from October 1 (Mint)
Steel secretary said one has policy has already been prepared in the Ministry of Steel. (Photo: AP)
Steel secretary said one has policy has already been prepared in the Ministry of Steel. (Photo: AP)

Steel scrappage policy to be out next month

  • The proposed policy is aimed at having an assured and regular supply of processed scrap for the downstream industry
  • The policy will deal with scrap from automobile, household, structural, railways, industrial sectors, among others

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The accumulated balance could not be transferred to a PF account with your new employer as it is not a covered establishment under the PF Act.
The accumulated balance could not be transferred to a PF account with your new employer as it is not a covered establishment under the PF Act.

EPF account becomes inoperative if an employee migrates abroad permanently

  • A PF account becomes inoperative and does not earn further interest, where an employee retires from service
  • The accumulated PF balance due and payable to you is exempt from tax if you have rendered continuous service for a period of five years

Our circle of competence can be widened, but only slowly and over time
Our circle of competence can be widened, but only slowly and over time

Opinion | How Oyo, Reliance Industries are breaking 'Circle of Competence'

Firms move into new businesses, especially if the core business is unable to deliver growth

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The company recently teased a new feature that lowers the volume of the TV when a user receives a call.
The company recently teased a new feature that lowers the volume of the TV when a user receives a call.

New OnePlus devices to debut on 26 September 'Special Event': 5 things to know

  • OnePlus is expected to launch the yearly successors to its 'flagship killing' devices and a brand new member in the company's lineup—the OnePlus TV
  • The OnePlus TV will sport a unique design and will powered by Android with OnePlus' custom UI running atop

Plain Facts
Bookings for the KTM Duke 790 have been opened on Monday across nine cities - Bengaluru, Mumbai, Pune, Hyderabad, Surat, Delhi, Kolkata, Chennai and Guwahati (KTM India)
Bookings for the KTM Duke 790 have been opened on Monday across nine cities - Bengaluru, Mumbai, Pune, Hyderabad, Surat, Delhi, Kolkata, Chennai and Guwahati (KTM India)

KTM 790 Duke launched in India, prices start 8.63 lakh

  • The bike is powered by a four-stroke 799-cc, 8-valve DOHC engine that generates 105 HP of power and 87Nm of torque
  • This is KTM's first new offering after the Duke 200 that was launched in November last year

Keep in mind that there is lack of clarity about some aspects of the new benchmark-linked rate system (Photo: iStock)
R.K.S.Bhadauria is set to take over as the IAF chief on 1 October after the retirement of Air Chief Marshal Birender Singh Dhanoa later this month.
R.K.S.Bhadauria is set to take over as the IAF chief on 1 October after the retirement of Air Chief Marshal Birender Singh Dhanoa later this month.

The story behind ‘RB 01’: The first tail number of an IAF Rafale

  • Air Marshal Bhadauria has played an important role in negotiations for procuring 36 Rafale jets in the flyaway condition
  • On 20 September, the IAF technically accepted the first Rafale aircraft from Dassault Aviation at its manufacturing facility in Bordeaux, France

Nayyar has over 20 years of work experience in various aspects of advertising, marketing and communications.
Nayyar has over 20 years of work experience in various aspects of advertising, marketing and communications.

Ogilvy names Rishabha Nayyar as national strategy lead of 82.5 Communications

  • Rishabha Nayyar will have planning teams across Mumbai, Bengaluru and Delhi and will report to Kapil Arora, co-chairman and chief executive of the agency
  • Ogilvy Group rebranded its creative agency Soho Square as 82.5 Communications in January this year

In the current fiscal, the Indian automotive industry, has witnessed one of the worst slides in the last two decades due to multiple factors (Photo: Ramesh Pathania/Mint)
In the current fiscal, the Indian automotive industry, has witnessed one of the worst slides in the last two decades due to multiple factors (Photo: Ramesh Pathania/Mint)

Auto industry to benefit from corporate tax revision: Icra

  • The reduction of corporate tax rates to globally competitive levels will incentivise OEMs and their vendors to increase localisation
  • Indian auto manufacturers have imported components worth $17.6 billion during 2019-20 (till now) and this is likely to increase further in 2020-21

The sanctioned strength of SC judges was increased days after the CJI wrote to PM Narendra Modi to increase the number of judges in the top court (Photo: Mint)
The sanctioned strength of SC judges was increased days after the CJI wrote to PM Narendra Modi to increase the number of judges in the top court (Photo: Mint)

Four Supreme Court judges take oath of office taking total strength to 34

  • Justices Krishna Murari, S Ravindra Bhat, V Ramasubramanian and Hrishikesh Roy took oath in a simple function in courtroom 1 which is CJI Ranjan Gogoi's court
  • On 18 Sept the Central government had cleared the SC collegiums recommended names for the appointment as Supreme Court judges

A rush of new manufacturing companies linked to the EV sector will bolster the Modi government’s efforts to grow EV sales by making them more affordable and also cut crude oil imports. (Pradeep Gaur/Mint )
A rush of new manufacturing companies linked to the EV sector will bolster the Modi government’s efforts to grow EV sales by making them more affordable and also cut crude oil imports. (Pradeep Gaur/Mint )

Tax incentive for new firms could spark ‘make in India’ for EV parts

  • The govt’s steps are likely to boost local production of Li-ion batteries, charging equipment and other parts
  • The FM said new manufacturing companies set up on or after 1 October will pay income tax at the rate of 15%

The investment has been made through KA Enterprises Llp, Deepika Padukone’s strategic initiative arm.
The investment has been made through KA Enterprises Llp, Deepika Padukone’s strategic initiative arm.

Deepika Padukone’s family office invests in Blu Smart

  • Blu Smart is building an all electric ecosystem with strategic partnerships across automotive, infrastructure and energy companies
  • While Padukone has invested via Ka Enterprises, other investors include JITO Angel Network, Bajaj Capital managing director Sanjiv Bajaj and Rajat Gupta

Citigroup has raised March 2020 Sensex index target to 40,500 from 39,000
Prime Minister Narendra Modi and President Donald Trump shake hands after introductions during the 'Howdi Modi' event Sunday, Sept. 22, 2019, at NRG Stadium in Houston. Photo: AP
Prime Minister Narendra Modi and President Donald Trump shake hands after introductions during the 'Howdi Modi' event Sunday, Sept. 22, 2019, at NRG Stadium in Houston. Photo: AP

Narendra Modi wows America, Donald Trump wows India

  • US President Donald Trump says border security is vital to India and its people, just as it is to the US
  • This was Modi’s third event with the Indian diaspora in the US —the previous ones were in 2014 and 2015

Markets are on a rise since Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates
Markets are on a rise since Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates

Investor wealth zooms 10.35 lakh crore in two days of market rally

  • The 30-share BSE Sensex soared 1,075.41 points, or 2.83%, to close at 39,090.03 on Monday
  • Led by the gains in equity market, the market capitalisation (m-cap) of BSE-listed firms rose by 10,35,213.03 crore to 1,48,89,652.44 crore in two trading sessions

5G will improve your network connection dramatically. (Getty Images)
5G will improve your network connection dramatically. (Getty Images)

Decoding 5G: What does this future tech means for you

  • Commercial 5G networks are starting to go live across the world
  • In 2020, worldwide 5G wireless network infrastructure revenue will reach $4.2 billion, according to Gartner

Earlier in August, DHFL had said that its draft resolution plan spares creditors from having to take haircuts on principal payments.
Earlier in August, DHFL had said that its draft resolution plan spares creditors from having to take haircuts on principal payments.

Use of insolvency code in Dewan Housing will expedite resolution process

  • The lenders are now preparing the resolution plan for DHFL under RBI’s new framework for resolution of stressed assets
  • On 30 August, DHFL had said its board approved the plan to convert the whole or part of its debt into shares

Sonam Kapoor in a still from ‘The Zoya Factor’.
The Sensex is up around 3000 points in just two sessions
AIMIM MP Imtiyaz Jaleel. (LSTV/PTI)
ICICI Bank’s branch expansion comes at a time when banks are going slow on network expansion. (Ramesh Pathania/Mint)
ICICI Bank’s branch expansion comes at a time when banks are going slow on network expansion. (Ramesh Pathania/Mint)

ICICI bank eyes 450 retail branches by end of fiscal

  • According to Reserve Bank of India (RBI) data, fiscal 2018 and 2019 were the slowest in the last 10 years
  • ICICI bank’s branch expansion comes at a time when banks are slowing down on branch expansion

P.C Musthafa, chief executive and co-founder of iD Fresh (Mint)
For the annual survey, the higher education institutions are categorized in 3 broad categories--university, college and stand-alone institutions. (Hindustan Times)
For the annual survey, the higher education institutions are categorized in 3 broad categories--university, college and stand-alone institutions. (Hindustan Times)

HRD Ministry shares data on PhD programmes, enrolments

  • There are 34.8% colleges, which run only single programme, out of which 83.1% are privately managed
  • A total of 1,69,170 students are enrolled in PhD programmes that is less than 0.5% of the total student enrolment

BCG can be extended to find movement, breathing and snoring. ( iStock)
 A file photo of finance minister Nirmala Sitharaman (Photo: Mint)
A file photo of finance minister Nirmala Sitharaman (Photo: Mint)

Opinion | The slaying of the ghost of ‘suit boot ki sarkar’

The tax rate cut signals the Centre’s readiness to shed its instinctive anti-business mindset

Reliance Capital, which will receive  ₹6,000 crore through sale of its stake, will utilise the amount to pare its debt.
Reliance Capital, which will receive 6,000 crore through sale of its stake, will utilise the amount to pare its debt.

Reliance Cap's stake sell in mutual fund arm to be completed by month-end

  • At the time of announcement, both partners held 42.88% stake each in the company, while the rest was with public shareholders
  • Reliance Capital, which will receive 6,000 crore through sale of its stake, will utilise the amount to pare its debt

The fiscal deficit can be even higher than 4% if GDP in nominal terms does not grow by 12% as the budget expects it to.  (Photo: Aniruddha Chowdhury/Mint)
The fiscal deficit can be even higher than 4% if GDP in nominal terms does not grow by 12% as the budget expects it to. (Photo: Aniruddha Chowdhury/Mint)

After Sitharaman’s tax bonanza come the big challenges

  • The fiscal deficit can be even higher than 4% if GDP does not grow by 12% as the budget expects it to
  • One option for the government is to push through genuine disinvestment by selling PSEs to private firms

Senior advocate Harish Salve recently argued that Supreme Court judgement's of 2012 and 2014 had contributed to the current economic slowdown (Photo: Mint)
The big boost to shareholder value is unmistakable and the equity market showed its appreciation by surging the most in a single day in over a decade. (iStock)
The big boost to shareholder value is unmistakable and the equity market showed its appreciation by surging the most in a single day in over a decade. (iStock)

Lower corporate tax may not be enough to jump-start economy

  • Besides a tax cut, the government needs a boost through policy rate cuts and may also need to raise its spending
  • The austerity among Indians has come partly due to wage stagnation even as cost of living went up

Gold, silver price: On MCX, gold prices were trading near  ₹37,950per 10 gram while silver rose to  ₹47,277 per kg
A three-judge bench, headed by justice N V Ramana, agreed to hear the plea for interim relief sought by the disqualified Karnataka. (Pradeep Gaur/Mint)
A three-judge bench, headed by justice N V Ramana, agreed to hear the plea for interim relief sought by the disqualified Karnataka. (Pradeep Gaur/Mint)

SC seeks EC’s response on plea by disqualified MLAs against Karnataka bypolls

  • EC had announced that the bypolls to the 15 vacant seats of the disqualified lawmakers will be held on 21 October
  • A three-judge bench, headed by justice N V Ramana, agreed to hear the plea for interim relief sought by the disqualified Karnataka

The Asus ROG Phone II
Our product criteria focus has remained the time that pre-existing diseases are excluded and the restrictions on room type. (Photo: iStock)
According to a Credit Suisse report, there will be no material impact on tax rates on IT services companies following the tax cuts. (Photo: Abhijit Bhatlekar/Mint)
According to a Credit Suisse report, there will be no material impact on tax rates on IT services companies following the tax cuts. (Photo: Abhijit Bhatlekar/Mint)

Shares of IT companies fall as investors book profits

  • Analysts said IT stocks had traded at a premium to other stocks
  • The new taxation rule will be neutral event for Indian IT companies at the consolidate level, a report said

MAT is the minimum tax to be paid by companies that keep their taxable profit low by using tax breaks. (Bloomberg)
MAT is the minimum tax to be paid by companies that keep their taxable profit low by using tax breaks. (Bloomberg)

MAT breather to give a leg-up to bankruptcy resolution and M&As

  • Analysts say the MAT exemption will lead to better realization of the asset sale
  • The Taxation Laws (Amendment) Ordinance exempts companies opting for the lower corporate tax rate of 22% and new manufacturing firms eligible for 15% tax rate from payment of MAT

Amit Shah said 'a Census helps us plan our social welfare and entitlement schemes better'. (PTI)