Reliance Industries topples IOC to become India's largest company

• Fortune India said RIL posted a 41.5% rise in its revenue in the financial year 2018-19, which was 8.4% more than IOC
• The Mukesh Ambani-led conglomerate also became the first privately-held India's largest corporation , Fortune India said

Banks’ NPAs again stoke asset quality concerns

• As many as 10 banks disclosed they had under-reported NPAs of close to ₹24,000 crore in the year ended 31 March
• The country’s largest lender, SBI, reported the largest bad loan divergence so far this year, under-reporting gross NPAs of ₹11,932 crore

RBI saw growth slowdown, acted ahead of time by cutting rates: Shaktikanta Das

• The comments from Das come following a series of five consecutive rate cuts by RBI starting February this year
• He also hoped for the US-China truce on trade tariffs would last as he pitched for coordinated efforts to push global growth

Are Indian millennials wary of investments?

Young Indians have begun investing at a much earlier age compared to their parents, suggests data from the latest YouGov-Mint Millennial Survey

Modi says debate part of democracy, Citizenship Act protest 'unfortunate'

• The statements of Modi came on a day when allegations of police brutality were made by students of Jamia Milia Islamia, Aligarh Muslim University (AMU)
• Modi also said that damage to public property and disturbance of normal life were never part of the ethos of people

Nirmala Sitharaman starts pre-Budget consultations, Budget likely on Feb 1

• Nirmala Sitharaman is likely to present her second Budget on February 1
• The pre-Budget consultations will continue till December 23

More promoters buy back pledged shares fearing loss of control

• Promoters of 232 firms have brought down their pledges from ₹1.27 tn on 14 Dec 2018 to ₹87,123 cr now
• Founders of Essar Steel and Jet Airways are among those who have lost control of their companies in the past year

Zomato in advanced talks to buy UberEats: Report

• As an event in Delhi earlier this month, Zomato CEO Deepinder Goyal said the company is aiming to raise up to $600 million in a new funding round
• Zomato is currently delivering 1.3 million orders a day from 150,000 restaurants across India

RIL arm inks pact to get over ₹25,000 cr investments from Canada’s Brookfield

• At the closing of the transaction, the Tower Infrastructure Trust will own 100% of the issued and paid up equity share capital of Reliance Jio lnfratel Private Limited
• Jio is an anchor tenant of the tower portfolio under a 30-year Master Services Agreement

Zerodha founders’ focus on investor returns with flat performance fee pays off

• The AIF called True Beacon AIF One has been active for the past 3 months and is up 8.5% over that time
• A Category III AIF is allowed to take derivatives positions (futures and options) and is allowed to borrow for investment purposes

Universities erupt in solidarity with Jamia students over protests against CAB

• Students at Patna University, BHU, IIT Bombay, Tata Institute of Social Science, a university in Lucknow, couple of universities in Hyderabad, joined the protest to express support for Jamia students
• The Supreme Court on Monday said it will hear a case related to the assault on Jamia students

Invest long-term gains from property sale in a residential house to save tax

A gift given to children shall not be taxable, both in her hands or her children’s hands as a gift received from specified relatives (including mothers and mothers-in-law) is not taxable, according to the Act

Humble SIPs rush in as HNIs begin their exit

• The number of SIP folios has increased since April, with about 29.4 million folios active at the end of November
• Systematic investment plans are likely to keep the mutual fund fire burning for sometime, at least among small investors

Swiggy's losses rise six-fold to ₹2,367 crore in FY19

• Currently, Swiggy clocks nearly 1.4 million food orders daily across India, compared with about 700,000 orders per day a year ago
• Swiggy posted a net loss of ₹2,367 crore in FY19, which is a substantial increase compared to ₹385 crore losses posted a year ago in FY18

Sensex erases gains, ends lower amid caution

• During the day, the benchmark Sensex hit a fresh record high of 41185.03 points while Nifty hit a high of 12134.65 points
• The benchmark Sensex was closed 0.17% lower at 40938.72 points, while Nifty declined 0.22% to end at 12060.70 points

Will Reliance Life Sciences do a Jio in the diagnostics space?

• Should investors worry about Reliance doing a Jio in the diagnostics space as well?
• Diagnostics is a fragmented industry and also highly under-penetrated

Term plan premiums: A ready reckoner

• A look at premium rates for some insurance policies of a sum assured of 1 crore across three age categories for policy terms of 30, 25 and 20 years
• The claims settlement rate is measured by the value of the policies as a lower settlement rate is indicative of high ticket-size policies being rejected

Personal loan rates compared: SBI vs HDFC Bank vs PNB

• There are various versions of personal loans available now, some of which are called instant loans
• Personal loans come with high interest rates, so continuous default will put you on a downward spiral

Diversify between NCDs and FDs for lower risk

• If you are below the 20% tax bracket, you can consider buying NCDs to diversify your debt portfolio, but check the rating and limit your exposure
• No matter how attractive an NCD may seem, don’t invest more than 5% in NCDs of a single company

Govt has no business to be in business: Anil Agarwal

• Anil Agarwal further said the government is sitting with the largest and best reserves of oil and gas and coal along with gold and diamond
• Anil Agarwal emphasised on the need for reduction of bureaucratic interference in the functioning of the businesses

Should you insure that big fat Indian wedding?

• Weddings are expensive affairs, so make sure you take a cover for any eventuality
• Declare all the details such as the number of guests attending the wedding at the time of buying insurance

Here’s how you can withdraw your EPF corpus online

• Note that the Employees’ Provident Fund Organisation (EPFO) allows full withdrawal of funds only if you’ve been unemployed for at least two months
• In 2017, the EPFO introduced a simplified one-page claim form which can be used for partial as well as complete withdrawal

Vistara CCO Sanjiv Kapoor steps down effective 31 December

• Vistara’s Chief Strategy Officer, Vinod Kannan, will subsequently take over as the CCO
• The change of guard at Vistara comes just a day after the announcement of Ankur Garg as CCO at Tata Group’s other airline joint venture, AirAsia India

Elon Musk's SpaceX to send marijuana to International Space Station next year

• The plant cell cultures of hemp and coffee will be shipped off in the SpaceX 'CRS-20' cargo flight set for launch in March
• The cultures will remain in an ISS incubator for 30 days while BioServe Space Technologies monitors those remotely from the University of Colorado, Boulder

New Jalpaiguri to Howrah Shatabdi Express cancelled following CAA protest

• The Coromandal Express from Howrah to Chennai, which was scheduled to leave Howrah today, was also cancelled
• Protests erupted in several parts of the Northeast following the passage of Citizenship (Amendment) Act, 2019

Realme X2 Pro Review: Not as trendy as Redmi K20 Pro, but overall a better phone

• Realme is making a move into the mid segment with its most ambitious venture, the Realme X2 Pro
• Realme X2 Pro doesn’t make a strong first impression unlike the Redmi K20 Pro and it also costs slightly more

Google work culture war escalates as era of transparency wanes

• Many large companies have policies restricting access to sensitive information to a 'need-to-know' basis
• . About 20,000 employees walked out last fall over the company’s generous treatment of executives accused of sexual harassment

Motorola's first foldable smartphone Moto Razr set to launch in India soon

• The Moto Razr comes with two screens, one sits inside while the other one is on the outside
• The Quick View display on the outside of the device includes a 16MP camera that lets users click selfies when the phone is folded

A startup fired its CEO for expensing $76,120 at strip clubs

• The expenses spanned a three-year period at Turvo, a maker of logistics software in Silicon Valley
• The board accused the co-founder, Eric Gilmore, of expensing $76,120 at strip clubs over a three-year span and removed him as CEO in May

Stocks to Watch: Yes Bank, PNB, InterGlobe Aviation, Tata Motors

• Shares of Yes Bank likely to be in focus as the bank third quarter of the current financial year to remain subdued
• Tata Motors shares to be in limelight after the company's CEO said they are not looking to reduce workforce

Army will be back in barracks soon: Army Commander on North-East

• Almost 24 Army columns were requisitioned in Upper Assam while 12 columns in lower Assam to aid and assist the civil administration in maintaining law and order
• The region has been witnessing protests over the Citizenship (Amendment) Act

Bank issues legal notice for dues of just 50 paise

• The case pertains to Khetri of Jhunjhunu district
• Singh, who is reportedly suffering from a spinal injury, was unable to make it to the Lok-Adalat in Khetri to pay his due

SBI likely to settle dues of Essar lenders today as ArcelorMittal pays up

• ArcelorMittal had kept the promised ₹42,000 crore in an escrow account
• The resolution of Essar Steel can be marked as a landmark in the 3-year-old Insolvency and Bankruptcy Code

Air India mulls launching flight service from Mumbai-London Stansted

• Air India currently operates a flight to Stansted from Amritsar
• It also has operations to London Heathrow from Mumbai

Delhi airport: New facility to be created for VVIP special aircraft

• The two planes are expected to arrive in India by the middle of next year to begin the VVIP duties
• 'The new 28-acre facility is planned to be raised at the IGI airport,' said sources

Advance tax payment deadline extended for northeast states

• The deadline to pay third installment of advance tax has been extended by 15 days for northeast states
• If your estimated tax liability for any given financial year crosses ₹10,000 then you are supposed to pay advance tax

Not just online shopping, Facebook tracks store data to target users with ads

• Retail companies are sending Facebook 'names, phone numbers and email addresses attached to what products people have purchased'
• Facebook's revenue was $17.6 billion and ads contributed a whopping $17.3 billion of the total revenue

Jamia students leave campus with luggage as varsity closes down till 5 January

• Jamia Millia Islamia University is closed till 5 January owing to Sunday's violent protests over the Citizenship (Amendment) Act, 2019
• The students of JMI and Jawaharlal Nehru University (JNU) had staged a protest at the Police Head Quarters (PHQ) on Sunday

FASTag implementation evokes mixed reaction from commuters

• At a toll plaza, 75% lanes will be accepting FASTag
• The government is offering incentives of 2.5 per cent cashback in FASTags till March 2020

Gold prices today fall again, down ₹250 this month; silver rates gain

• Gold prices edged lower today after the United States and China agreed to a phase one trade deal
• Gold prices have risen nearly 15% this year on the backdrop of the months-long tariff war

This Gmail feature will ensure your mail doesn't get forwarded, copied: Know how

• Google brought a lot of changes on its Gmail service since the last big overhaul in 2018
• Google also recently added a Gmail feature to save users from sending multiple forward mails

Mandatory to link PAN-Aadhaar by 31 December: I-T Dept

• It is mandatory to link your PAN with Aadhaar, according to the public message issued a fortnight before the deadline ends
• The deadline to link the PAN with Aadhaar was extended till 31 December by the CBDT

WhatsApp latest updates: Dark mode, fresh emoji skins, delete messages and more

• The most-anticipated Dark Mode feature is still under development
• We bring to you some of the latest WhatsApp updates that were rolled out this week

NEFT transfer available 24x7 from today. Check new timings, limit and charges

• With effect from today, the Reserve Bank of India (RBI) has made online NEFT transfers a round-the-clock process
• NEFT timing cycle will now function round-the-clock

Hospital cash plans pay daily allowance

• These are fixed-benefit products, so the payouts are made irrespective of any other insurance policy that you may have
• The insurance premium rates vary by age and other add-on benefits you choose

PNB under-reported bad loans by ₹2,617 crore in FY19, shows RBI report

• The divergence in provisioning for bad loans in FY19 was to the tune of ₹2,091 crore
• PNB reported gross NPAs of ₹78,472.70 crore, while as per RBI's assessment the figure was ₹81,089.70 crore

Mobile number portability rules are changing from tomorrow. Are you eligible?

• Trai will decide whether a customer is eligible for mobile number portability or not
• You will have to use an active connection of any mobile operator for at least 90 days

SBI home loans get cheaper. Check here for latest interest rates

• Different banks and institutions offer different housing loan interest rates
• SBI's one-year marginal cost-based lending rates (MCLR) has come down to 7.9% per annum

WhatsApp latest updates: Dark mode, major bug fixes, fresh emoji skins and more

• In the latest Android Beta version 2.19.366, there seems to be certain Dark Mode improvements
• WhatsApp is also rolling out some major bug fixes that were present in the earlier version