Traders are concerned the government may exceed the  ₹7.1 trillion of borrowings announced earlier. (Graphic: Jayachandran/Mint)
Traders are concerned the government may exceed the 7.1 trillion of borrowings announced earlier. (Graphic: Jayachandran/Mint)

Bond rally in India at risk as RBI cash transfer delayed

  • Expectations of a bonanza from RBI helped fueled a stellar rally in bonds that pushed down yields to their lowest since October 2017
  • The yield on India’s benchmark 10-year debt climbed as much as seven basis points to 6.88% on Monday

Reserve Bank of India (RBI) Deputy Governor Viral Acharya. (Reuters)
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Mahindra and Mahindra Financial Services vice-chairman and managing director Ramesh Iyer. (Abhijit Bhatlekar/Mint)
Microsoft principle founder Bill Gates participates in a discussion during a luncheon of the Economic Club of Washington on 24 June 2019 in Washington, DC.  (Photo: AFP)
Microsoft principle founder Bill Gates participates in a discussion during a luncheon of the Economic Club of Washington on 24 June 2019 in Washington, DC. (Photo: AFP)

Bill Gates reveals the 'biggest mistake' he made at Microsoft

  • Gates praised the current CEO Satya Nadella for helping reshape Microsoft
  • Microsoft would be even more valuable, said Gates

L&T, on 17 June, launched its 10-day long open offer to purchase 31% stake from public shareholders (including Nalanda) in Mindtree at a price of  ₹980 per share.
L&T, on 17 June, launched its 10-day long open offer to purchase 31% stake from public shareholders (including Nalanda) in Mindtree at a price of 980 per share.

L&T tightens its grip on Mindtree, buys out Nalanda Capital’s stake

  • If L&T achieves all its share purchase targets, it will end up holding 66% in Mindtree, worth at least 10,800 crore
  • Last week, L&T launched its open offer to buy a 31% stake from the public shareholders of Mindtree

Long Reads
The penalty for drunk driving has been raised to  ₹10,000.
The penalty for drunk driving has been raised to 10,000.

Cabinet gives its nod to rules that aim to make roads safer

  • The road transport and highways ministry is expected to present the bill in the ongoing Parliament session
  • The bill also has a provision that allows the c entre to recall vehicles, in case a defect in the vehicle is causing harm to the environment or the people

Sameer Samudra (42) and his partner Amit Gokhale (40) found it difficult to negotiate the financial landscape in India when they moved in 2016.
Sameer Samudra (42) and his partner Amit Gokhale (40) found it difficult to negotiate the financial landscape in India when they moved in 2016.

Same sex couples in India lack basic financial rights

  • No legal documentation to prove their union presents hurdles for LGBTQ+ partners
  • Lack of insurance coverage from partners means that LGBTQ+ Indians need to have a higher rate of savings

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Plain Facts
Huawei at present has most of its equipment installed in the network of Bharti Airtel and Vodafone Idea. (AP)
Huawei at present has most of its equipment installed in the network of Bharti Airtel and Vodafone Idea. (AP)

Huawei offers India a ‘no back door’ pact

  • Huawei, facing pressure from the US, hopes the ‘no back door’ pact will assuage India’s security concerns
  • Since the last year, the US has been pressing its allies to ban Chinese firm Huawei from 5G roll-outs

The central government wants to reduce the import of crude oil significantly and thus help curb increasing levels of pollution.  (Pradeep Gaur/ Mint )
The central government wants to reduce the import of crude oil significantly and thus help curb increasing levels of pollution. (Pradeep Gaur/ Mint )

Why the government is pushing EVs to fight climate change

  • The accord aims to pursue efforts to limit the global temperature rise to 1.5ºC above pre-industrial levels
  • Mint looks at the government’s effort towards rapid adoption of electric mobility as a way to cut down on greenhouse gas emissions

NIPFP had said that from 1997 to 2009, illicit financial outflows was 0.2% to 7.4% of GDP. (Mint)
While Sebi already has a robust set of regulations regarding encumbrance disclosure, they proved not to be enough
Manish Gunwani, chief information officer, equity, Reliance Nippon Life Asset Management.
Bank of America Merrill Lynch managing director, global corporate and investment banking Asit Bhatia.mint
Bank of America Merrill Lynch managing director, global corporate and investment banking Asit Bhatia.mint

Long-term investors look for stability, which India has: Asit Bhatia

  • Bhatia, managing director, global corporate and investment banking, Bank of America Merrill Lynch, focuses on the outlook for foreign capital inflows
  • We have seen RBI and govt have a commonality of views. Therefore, they will ensure confidence returns, says Asit Bhatia

So far this year, the rupee has risen 0.61% against the US greenback.
 (iStock)
Apple has a relatively modest presence in Seattle of about 500 employees. (Reuters)
Apple has a relatively modest presence in Seattle of about 500 employees. (Reuters)

Apple expands in Amazon's backyard, to hire 2,000

  • Amazon employs more than 45,000 in Seattle and occupies about a fifth of the city’s prime office real estate
  • Other firms have been muscling in to recruit from Seattle’s deep well of engineers

Photo: Mint
The amendments are significant as NIA has been closely tracking the development of IS modules in the country. (Photo: AFP)
The amendments are significant as NIA has been closely tracking the development of IS modules in the country. (Photo: AFP)

Cabinet clears amendments to strengthen NIA, widen its ambit

  • Once both Houses of Parliament approve amendments, the agency will investigate terror cases abroad
  • The proposal to amend both the NIA Act and the UAPA has been in the pipeline since 2017

(Photo: ANI)
(Photo: ANI)

Opinion | It’s time for Indian Railways to take the reform track

The railways need both administrative and engineering reforms for a $5 trillion Indian economy

US secretary of state Mike Pompeo with Saudi Arabia’s Crown Prince Mohammed bin Salman in Jeddah on Monday. (AP)
US secretary of state Mike Pompeo with Saudi Arabia’s Crown Prince Mohammed bin Salman in Jeddah on Monday. (AP)

Pompeo discusses Iran with Gulf allies amid escalating crisis

  • The talks covered protection for ships in the Gulf, after attacks on tankers in recent weeks that US has blamed on Iran
  • Pompeo and Prince Mohammed reiterate that the ‘two countries stand side by side in confronting the hostile Iranian activities and in combating terrorism’

The government is particularly keen to find a way to get the excess reserves as it needs funds to stimulate a weakening economy hit by sagging consumption. REUTERS/Francis Mascarenhas
The government is particularly keen to find a way to get the excess reserves as it needs funds to stimulate a weakening economy hit by sagging consumption. REUTERS/Francis Mascarenhas

RBI plans for transferring excess reserves opposed and delayed

  • Sources say Finance Secretary Subhash Chandra Garg is in favour of higher transfer
  • Deputy Governor Viral Acharya, whose resignation was only disclosed on Monday, had also defended the RBI's excess reserves

MoS for Micro, Small, Medium Enterprises and Animal Husbandry Pratap Chandra Sarangi speaks in the Lok Sabha
Congress general secretary in-charge of eastern UP Priyanka Gandhi Vadra.pti
Congress general secretary in-charge of eastern UP Priyanka Gandhi Vadra.pti

Congress disbands district panels in UP, to examine charges of indiscipline

  • The party named leader of Cong’ s legislative party, Ajay Kumar Lallu, as in-charge for organizational changes in east UP
  • The move comes on the back of Congress’ worst ever performance in the state, where it won just one Lok Sabha constituency out of 80 seats

Finance Minister Nirmala Sitharaman  (Photo: ANI)
Photo: Mint
U.S. President Donald Trump signs an executive order imposing sanctions on Iran's supreme leader,�Ayatollah Ali Khamenei, in the Oval Office of the White House in Washington, D.C. (Bloomberg )
U.S. President Donald Trump signs an executive order imposing sanctions on Iran's supreme leader,�Ayatollah Ali Khamenei, in the Oval Office of the White House in Washington, D.C. (Bloomberg )

Donald Trump imposes new U.S. sanctions on Iran, including supreme leader

  • Donald Trump also said the sanctions would have been imposed regardless of the incident over the drone
  • The Trump administration wants to force Tehran to open talks on its nuclear and missile programmes and its activities in the region

 South East Asian leaders pose for a group photo during the opening ceremony of the ASEAN leaders summit in Bangkok (Photo: AP)
South East Asian leaders pose for a group photo during the opening ceremony of the ASEAN leaders summit in Bangkok (Photo: AP)

As US-China row rages, Asean cautions against a zero-sum game

  • Leaders agrees to lead the shaping of the economic and security architecture of the Indo-Pacific region
  • The document is significant as it seems to seek a distance between China and other powers who have unveiled Indo-Pacific strategies, most notably the US

The SC bench also sought a response from the UP government regarding the deaths of children from encephalitis last year. (Photo: HT)
The overall cyclical weakness in these key segments has resulted in negative sentiment on the Street (Mint )
The aim of a disease-specific insurance plan is to ease your financial burden if you are diagnosed.
The aim of a disease-specific insurance plan is to ease your financial burden if you are diagnosed.

Do you need a dengue-specific health cover?

  • The rising number of dengue cases in India has prompted some insurance companies to offer dengue insurance policies. But is it value for money?
  • It is wiser to invest in regular health cover with higher sum insured than to buy many disease-specific plans

Facebook's vice president Nick Clegg holds a speech at the Hertie School of Governance in Berlin (Photo: AFP)
Facebook's vice president Nick Clegg holds a speech at the Hertie School of Governance in Berlin (Photo: AFP)

Governments must regulate social networks: Facebook's Clegg

  • Clegg told an audience in Berlin that countries like China would not wait for the west to set standards for the internet
  • Clegg, the former leader of British Liberal Democrats party, said there was a 'pressing need' for new 'rules of the road' on issues including data privacy and election rules

A file photo of the IL&FS office in Mumbai.
A file photo of the IL&FS office in Mumbai.

Time to redesign boards for the age of disruption

Boards can no longer afford to be passive. They must swing into a more engaged role

US Secretary of State Mike Pompeo. (AFP)
US Secretary of State Mike Pompeo. (AFP)

India, US nearing industrial security pact for defence tech transfers

  • A draft of the agreement called Industrial Security Annex will go up before the Union cabinet for approval in the next few weeks
  • Lockheed Martin and Boeing are both in the race for a deal estimated at over $15 billion to supply the Indian Air Force with 114 fighter planes to replace its ageing fleet of Mig 21 jets

Shilpa Sharma, founder of three companies, says travel has helped her develop the ability to notice what most people miss.
TVS Motor chairman Venu Srinivasan. Photo: Mint
A similar story is playing out at SRF’s chemicals division. (Bloomberg )
Like Richa Agarwal (above), Sudheer Dhawan (below) too believes one needs to keep investing in learning new, relevant skills even without taking a break.
Like Richa Agarwal (above), Sudheer Dhawan (below) too believes one needs to keep investing in learning new, relevant skills even without taking a break.

How upskilling can make the return to work easier

Updating your knowledge and skills to what an employer needs now and in the near future is the only way to overcome the perceived shortcoming of a break in career

DPIIT secretary Ramesh Abhishek
A file photo of tennis player Mahesh Bhupathi. (AFP)
 (Vipul Sharma/Mint )