This means that lenders to Essar Steel will soon get their cheques and it is no chump change (Reuters)
A ramp-up in the distribution of some of its new launches drove US markets.
PM Narendra Modi with Union ministers and Opposition leaders at the all-party meeting on Sunday. (PTI)

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Through the 1990s, India steadily ceded ground to neighbouring China, which emerged as a global export powerhouse of labour-intensive products (Jayachandran /Mint)
Through the 1990s, India steadily ceded ground to neighbouring China, which emerged as a global export powerhouse of labour-intensive products (Jayachandran /Mint)

How India’s growth bubble fizzled out

  • The slowdown is not a short-term disruption. What can replace India’s finance-construction growth model?
  • As the finance-led growth model collapses, India must invest in its future. India will need at least a generation to build necessary human capital alongside more productive urban spaces

The S&P BSE Sensex, Nifty are scaling new highs as money continues to flow into the equity market through domestic financial institutions such as MFs, the EPFO
The S&P BSE Sensex, Nifty are scaling new highs as money continues to flow into the equity market through domestic financial institutions such as MFs, the EPFO

As markets rally amid a slowing economy, is it time to reallocate?

The market behaviour, in a situation where corporate earnings have been poor and the economic forecast has been weak, raises fears of an asset class bubble. Sunita Abraham spoke to experts to understand how investors should ride out this phase of equity market highs.

Mark to Market
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Mint Visionaries 2019
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Bill Gates (right), co-chair of the Bill & Melinda Gates Foundation, in conversation with Wipro Ltd chairman Rishad Premji at the Mint Visionaries event in New Delhi on Sunday (Photo: Ramesh Pathania/Mint)
Bill Gates (right), co-chair of the Bill & Melinda Gates Foundation, in conversation with Wipro Ltd chairman Rishad Premji at the Mint Visionaries event in New Delhi on Sunday (Photo: Ramesh Pathania/Mint)

My wish is for India to eliminate child malnutrition, says Bill Gates

  • 'Malnutrition reduces the potential of kids dramatically, their ability to provide and learn are reduced. It’s like 15 IQ points go away,' said Gates at Mint Visionaries event
  • 'We need more investment to tackle malaria,' said Gates in conversation with Wipro Ltd chairman Rishad Premji

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Transactions between relatives may be scrutinized by authorities from a tax avoidance perspective, hence adequate documentation should be maintained to establish their genuineness (Photo: iStock)
Transactions between relatives may be scrutinized by authorities from a tax avoidance perspective, hence adequate documentation should be maintained to establish their genuineness (Photo: iStock)

Tax dept can scrutinize gift transaction within HUF, so do proper paperwork

  • There should not be any tax implications in the hands of the HUF in providing gifts to individual members
  • There should be no tax implications on the drawing of interest-free loans by you from the HUF, provided it can be established as a genuine transaction

Plain Facts
Majority remain optimistic about their finances. Yet, a sizeable section is worried about their financial future (Photo: HT)

Job outlook bleak among millennials

4 min read . 17 Nov 2019
Replica of the proposed Ram Mandir on display at Karsewakpuram, in Ayodhya, Monday. (Photo: PTI)

How Ram Mandir resonates today

3 min read . 13 Nov 2019
If you have a large investible surplus and are willing to take extra risk, investing in foreign stocks will widen options (Photo: iStock)
If you have a large investible surplus and are willing to take extra risk, investing in foreign stocks will widen options (Photo: iStock)

Here’s how to buy Apple and other foreign stocks

  • Having some investments in international stocks can help diversify your portfolio
  • If your portfolio is relatively small, the best route to invest in foreign stocks is through a mutual fund registered in India

Andhra Pradesh has around 7,700 megawatts of solar and wind projects (Photo: Bloomberg)
Andhra Pradesh has around 7,700 megawatts of solar and wind projects (Photo: Bloomberg)

Centre explores new law to shield global investors

  • Move comes after Andhra govt’s controversial plan to scrap renewable energy pacts
  • Investors claimed that Andhra Pradesh’s decision could put at risk 5.2GW of solar and wind energy projects

Millennials will likely be the saviours of the economy (Photo: Aniruddha Chowdhury/Mint)
Millennials will likely be the saviours of the economy (Photo: Aniruddha Chowdhury/Mint)

The slowing economy and urban millennials

  • The latest YouGov-Mint Millennial Survey aimed to study the choices and outlook of an important demographic group in one of the world’s youngest economies
  • The latest survey, conducted between mid-September and mid-October, shows that millennials are more likely to take loans to finance both high-value and lower-value purchases

The original Arthashastra manuscript is stored at the Oriental Research Institute in Mysuru, Karnataka.
Long Reads
Lenders have followed the Reserve Bank of India’s guidelines of reporting suspicious transactions and tagged DHFL as a red-flagged account. (Aniruddha Chowdhury/Mint)
Lenders have followed the Reserve Bank of India’s guidelines of reporting suspicious transactions and tagged DHFL as a red-flagged account. (Aniruddha Chowdhury/Mint)

DHFL’s debt resolution plan hits a roadblock as collections drop

  • Scores of debt repayment collection agents have quit in the wake of the crisis at the mortgage lender
  • If the DHFL account is declared as fraud-hit, banks will have to set aside 100% of outstanding loans as provisions either in one go or over four quarters

Majority remain optimistic about their finances. Yet, a sizeable section is worried about their financial future (Photo: HT)
Photo: Mint
Senior Citizens Savings Scheme: The interest earned is fully taxable
HDFC Bank latest FD interest rates. (HT)
Indian Railways is gearing up to provide better facilities to passengers in the winter season. (HT)
Indian Railways is gearing up to provide better facilities to passengers in the winter season. (HT)

Railways to alert passengers in case of train delay

  • With this new SMS alert facility, railway passengers will be benefited
  • With this facility, the location of train, estimated time of reaching the station will be sent to passengers' mobile number

Arvind Lakshmikumar, founder and CEO of Tonbo Imaging, had to sell his technology to US and Israeli forces before he could gain his home country’s trust
Arvind Lakshmikumar, founder and CEO of Tonbo Imaging, had to sell his technology to US and Israeli forces before he could gain his home country’s trust

Bengaluru tech gives US, Israeli weapons eyes

  • Tonbo’s computer vision technology sits on seekers at the tips of precision missiles and lightweight thermal weapons
  • Tonbo set up an R&D centre in Lithuania to develop autonomous vehicles, adding to its presence in India, US and Singapore

Shares of Hindustan Petroleum Corp Ltd (HPCL) may also be in focus.
Sensex was up over 100 points in early trade
 47th Chief Justice of India Sharad Arvind Bobde  (Photo: ANI)
47th Chief Justice of India Sharad Arvind Bobde (Photo: ANI)

Justice Bobde takes oath as next CJI

  • Justice Bobde, 63, succeeds Justice Ranjan Gogoi who demitted office on Sunday
  • Justice Bobde will have a tenure of around 17 months and would demit office on April 23, 2021

Photo: Bloomberg
Truckers building a snowman after being stranded on the Srinagar-Jammu National Highway due to a landslide in March 2015.  (Photo: Hindustan Times)
Truckers building a snowman after being stranded on the Srinagar-Jammu National Highway due to a landslide in March 2015. (Photo: Hindustan Times)

A journey to India’s four corners by trucks

  • Journalist Rajat Ubhaykar’s truck rides across the country have resulted in a travelogue rich in feeling and insight
  • He explains India while describing the young and old men who make up the trucking industry

Petrol and diesel prices, which maintained a declining trend last month, started increasing from November 8. (Photo: Ramesh Pathania/Mint)
Petrol and diesel prices, which maintained a declining trend last month, started increasing from November 8. (Photo: Ramesh Pathania/Mint)

Petrol prices rise for 5th day, diesel untouched. Check today's rates

  • Diesel prices remained constant for the sixth day today even as petrol prices rose by 16 paise
  • In Delhi, a litre of petrol costs 74.05 a litre and diesel 65.79. In Mumbai, petrol costs 79.71 and diesel 69.01

Mustang Mach-E vehicle prices start in the mid-$30,000 when US subsides on electric cars are factored in. (REUTERS)
Mustang Mach-E vehicle prices start in the mid-$30,000 when US subsides on electric cars are factored in. (REUTERS)

Ford unveils electric Mustang SUV to take on Tesla. See pics

  • The Mustang is Ford’s signature sports car, having sold more than 10 million units since it debuted in 1964
  • Ford will continue to make gasoline-fueled versions of the classic muscle car

Jio has launched an app that allows you to make landline calls using your smartphone. (Reuters)
Delhi Chief Minister Arvind Kejriwal. (PTI)
The money manager favors Indonesia’s rupiah and Malaysia’s ringgit
Historically, Samsung has designed and produced almost all its phones in-house
Historically, Samsung has designed and produced almost all its phones in-house

Samsung charts out new strategy to take on Xiaomi, Huawei

  • Samsung Electronics, which shut its last in-house Chinese smartphone factory in October, is quietly moving production of some Galaxy A models to contractors such as Wingtech

Muthoot Finance has a network of 4,480 branches across 23 states and five Union territories in the country. (Priyanka Parashar/Mint  )
Muthoot Finance has a network of 4,480 branches across 23 states and five Union territories in the country. (Priyanka Parashar/Mint )

Muthoot Finance to buy IDBI Bank’s MF business

  • The deal to acquire IDBI Asset Management is expected to close this week
  • IDBI Bank, like other lenders burdened with bad loans, is seeking to sell non-core assets

This will be the second session of the Parliament since Prime Minister Narendra Modi returned to office. (Mint)
This will be the second session of the Parliament since Prime Minister Narendra Modi returned to office. (Mint)

Winter Session of Parliament begins today

  • The Winter Session is scheduled to go on till December 13 and will provide a total of 20 sittings spread over a period of 26 days
  • Earlier on Sunday, PM Modi attended an all-party meeting, where he said that the government will seek to work together will all parties in a constructive manner

Photo: iStock
Photo: iStock

Pay extra tax to buy a house below circle rate

  • The buyer will have to pay tax on the difference between the lower market rate and the circle rate, while the seller will have to pay capital gains tax on it
  • You need to show the notional gains from transacting below the circle rate when filing your income tax return

A file photo of Michael Bloomberg. (Reuters)
Life insurance is not about investing your money to earn a return on it, it’s about financial protection for your loved ones (Photo: iStock)
Life insurance is not about investing your money to earn a return on it, it’s about financial protection for your loved ones (Photo: iStock)

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

Photo: iStock
Photo: iStock

Home policy covers accidental damage

  • If the damage to the walls is due to plumbing issues, which occurred over time due to lack of maintenance, then such damages would not be covered
  • As per a thumb rule, the sum assured should be at least 10 times your annual income

SBI chairman Rajnish Kumar (Bloomberg)
Shares of other Anil Dhirubhai Ambani Group (ADAG) companies also fell on the news
Photo: Reuters 
Photo: Reuters 

Sony announces Android 10 roadmap for 8 smartphones

  • Sony Xperia 1 and Xperia 5 will be the first set of devices to taste the latest iteration of Android, the company said in a statement recently
  • Android 10 the latest version of Google's mobile operating system, has been available for over 2 months now

Photo: iStock
Nomura has also cut its GDP growth forecast for the September quarter to 4.2% against 5% earlier.
The Indian Army on Tuesday foiled an attempted Chinese incursion in Ladakh along the banks of the Pangong lake. Photo: AP
The Indian Army on Tuesday foiled an attempted Chinese incursion in Ladakh along the banks of the Pangong lake. Photo: AP

Planning a Leh-Ladakh tour in winter? Diesel freezing will not be an issue

  • Indian Oil has started the supply of a new type of diesel which will not freeze even if the temperatures drop as low as -33 degree C
  • Tourists and locals in high-altitude areas of Ladakh, Kargil, Kaza and Keylong face the problem of freezing of diesel

Photo: Indranil Bhoumik/Mint (Indranil Bhoumik/Mint)
Photo: Indranil Bhoumik/Mint (Indranil Bhoumik/Mint)

'Make in India' hub Noida to churn over 30 crore mobiles in 5 years

  • In 2014, India had just two mobile phone manufacturing units. Due to the "Make in India" push, the country now has 268 mobile handset and accessories manufacturing units
  • During 2018-19, India saw the production of 29 crore units and the bulk of the production came from the Noida-Greater Noida region

Amitabh Kant, CEO of Niti Aayog, at Mint Visionaries event in New Delhi on Sunday. (Ramesh Pathania/Mint)
Amitabh Kant, CEO of Niti Aayog, at Mint Visionaries event in New Delhi on Sunday. (Ramesh Pathania/Mint)

India needs explosive pace of technological growth: Amitabh Kant

  • Kant says India is witnessing a radical transformation by sheer use of technology, which includes the use of biometrics, driven Aadhaar as well as mobile
  • Niti Aayog CEO also says data will fuel change in India and enable startups to use them to spearhead change

Ranjan Gogoi, 46th Chief Justice of India (PTI)
Ranjan Gogoi, 46th Chief Justice of India (PTI)

CJI Ranjan Gogoi: The man and his legacy

  • Chief Justice of India Ranjan Gogoi demits office on 17 November
  • As the head of administration of the Supreme court, Gogoi also passed orders on making available the top court’s judgments in seven languages including English and Hindi

Gold prices: On MCX, gold prices were below  ₹38,000 per 10 gram (Reuters)