An index comprising of seven MNC pharma companies delivered returns of 9.3% since April this year. (Photo: Bloomberg)
An index comprising of seven MNC pharma companies delivered returns of 9.3% since April this year. (Photo: Bloomberg)

Why MNC pharma stocks are beating Indian peers hands down

  • MNC pharma companies are riding on the innovation done by their parent companies and are operating in niches and therapies
  • US FDA inspections leading to cancellation of some drug launches in the US market has now impacted most Indian companies

Average daily volumes for rupee was $34.5 billion in India in April
U2 will perform on 15 December in Mumbai. Photo: Helena Christensen
Union Finance Minister Nirmala Sitharaman (Photo: ANI)

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A file photo of INS Vikrant at Cochin shipyard (AFP file)
A file photo of INS Vikrant at Cochin shipyard (AFP file)

INS Vikrant vandalised, looted at Cochin shipyard

  • A hard disk and a multi function control processor were stolen and damaged inside Indigenous Aircraft Carrier (IAC)-Vikrant
  • Theft and vandalism a result of “an internal matter and a possible insider job”: Home ministry

India’s per capita consumption of plastic at 11 kg per year is still among the lowest in the world (the global average is 28 kg per year), yet it generates a staggering 26,000 tonnes of plastic waste every day (Photo: Hindustan Times)
India’s per capita consumption of plastic at 11 kg per year is still among the lowest in the world (the global average is 28 kg per year), yet it generates a staggering 26,000 tonnes of plastic waste every day (Photo: Hindustan Times)

The sharp edge of India’s war on plastic

The Centre’s campaign against low-grade plastic could disrupt the value chain of items used by millions of Indians

Saudi Arabia accounts for around 10% of the total global supply of 100 mbpd and is the second largest supplier of crude and cooking gas to India.
Saudi Arabia accounts for around 10% of the total global supply of 100 mbpd and is the second largest supplier of crude and cooking gas to India.

Saudi Aramco claims suspended oil production would come online by Sept end

  • Saudi Aramco CEO Amin Nasser said the production capacity, suspended due to terror attacks on its plants at Abqaiq and Khurais, would be fully restored by the end of September
  • Saudi Aramco had assured India that it will honour its supply contracts despite the production cuts

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Adam Neumann, CEO of WeWork (Photo: Reuters)
Long Reads
Oyo founder Ritesh Agarwal is spending a major part of his time in the US to expand his company’s presence in the world’s largest economy (Photo: Ramesh Pathania/Mint)
Oyo founder Ritesh Agarwal is spending a major part of his time in the US to expand his company’s presence in the world’s largest economy (Photo: Ramesh Pathania/Mint)

Oyo  to  raise  $200  mn for luxury push in US

  • Oyo’s strategy to raise debt for buying hotels in the US is one that it has followed in India and Europe as well
  • The company, which bought Hooters Casino Hotel in Las Vegas last month, has identified the premium hotels segment as its area of focus outside India

Plain Facts
For 335 publicly traded firms on the BSE 500 index excluding banks, financials, and oil and gas companies, ICR worsened to 3.3 times in the June quarter from 3.33 times in the March quarter (Photo: Mint)
For 335 publicly traded firms on the BSE 500 index excluding banks, financials, and oil and gas companies, ICR worsened to 3.3 times in the June quarter from 3.33 times in the March quarter (Photo: Mint)

Debt woes worsening despite RBI rate cuts

  • Aggregate profit growth declined 5.41% in Q1FY20 from a growth of 20% in the year earlier for 335 listed firms
  • The interest coverage ratio, which measures the ability of businesses to pay interest on their loans, fell to a 13-quarter low in the June quarter

Gautam Thapar (Photo: Ramesh Pathania/Mint)
(Photo: Reuters)
(Photo: Reuters)

Oil prices sink 5% as quick Saudi output recovery seen

  • In the space of several minutes in afternoon European trading, North Sea Brent crude oil for delivery in Nov tumbled from $67.75 to $65
  • The spike in the oil price had stoked fears that costlier energy and geopolitical instability could weigh on an already slowing global economy

Rosneft chairman Igor Sechin with oil minister Dharmendra Pradhan in Delhi on Tuesday.  (Photo: PTI)
Finance Minister Nirmala Sitharaman (Photo: Reuters)
Finance Minister Nirmala Sitharaman (Photo: Reuters)

'Blueprint ready': Govt mulling fourth booster dose to revive economy

  • The blueprint for the stimulus is ready, which would be announced by FM Nirmala Sitharaman in the next few days, a govt official said
  • The first set of announcements was made on 23 August that included rollback of the enhanced surcharge imposed on foreign portfolio and domestic investors

External affairs minister S. Jaishankar at a media briefing in New Delhi (Photo: Pradeep Gaur/Mint)
External Affairs Minister S Jaishankar during a press conference on completion of first 100 days of MEA in the present government, in New Delhi, Tuesday, Sept. 17, 2019.  (Photo: PTI)
External Affairs Minister S Jaishankar during a press conference on completion of first 100 days of MEA in the present government, in New Delhi, Tuesday, Sept. 17, 2019. (Photo: PTI)

PoK part of India, expect to have physical jurisdiction over it: Jaishankar

  • The government has maintained that henceforth talks with Pakistan would be only about PoK and not on Kashmir
  • 'Our position has, is and will always be very clear on PoK, that it is part of India and we expect one day we will have physical jurisdiction over it,' Jaishankar told reporters

The OnePlus 7T
Currently, the EPFO is paying an interest rate of 8.55% for 2018-19 under EPF withdrawal claims ( Photo: Priyanka Parashar/Mint)
More than 100,000 subscribers withdraw or settle their accounts every month (Mint file)
As India still depends heavily on oil imports, an oil price hike hurts not only India’s macro accounts, but also business growth sentiments (Graphic: Satish Kumar/Mint)
In recent months, the IAF has initiated a major upgradation of its Ambala air base for the deployment of the Rafale. (Reuters )
In recent months, the IAF has initiated a major upgradation of its Ambala air base for the deployment of the Rafale. (Reuters )

Why Rafale jets may be inducted into IAF by next summer only

  • India will have to wait till April-May before the delivery of jets begins
  • Rafale jet is a very good aircraft and when it comes into the subcontinent, it will be a game changer because it has significant capabilities, says B. S. Dhanoa, Chief of the Air Staff

BSE Sensex plunged 642.22 points, or 1.73%, to 36,481.09 on Tuesday (Photo: Bloomberg)
BSE Sensex plunged 642.22 points, or 1.73%, to 36,481.09 on Tuesday (Photo: Bloomberg)

A lost year for markets as all 2019 gains erased

  • The oil prices scare has added yet another worry for government that is trying to combat an economic slump
  • Sell-off in stocks continues for second straight day despite Saudi assurance

The Apple iPhone 11-series can be bought starting 27 September. Photo: Bloomberg
RIL chairman Mukesh Ambani. Photo: Pradeep Gaur/Mint
RIL chairman Mukesh Ambani. Photo: Pradeep Gaur/Mint

Mukesh Ambani raises stake in Reliance Industries

  • Mukesh Ambani and his private firms held 47.29% stake as on June 30, 2019 in Reliance Industries
  • The acquisition was pursuant to a scheme of arrangement not directly involving RIL

Phil Schiller, senior vice-president of Worldwide Marketing, presents the new iPhone 11 Pro at an Apple event at their headquarters in Cupertino, California (Reuters)
Phil Schiller, senior vice-president of Worldwide Marketing, presents the new iPhone 11 Pro at an Apple event at their headquarters in Cupertino, California (Reuters)

TENAA listing reveals all the hidden specifications of Apple iPhone 11 series

  • Apple at its Special Event this year didn't reveal crucial details, including battery capacity and RAM, of its new iPhones
  • China's regulatory website, TENAA, revealed the battery and RAM capacities of the models

The 55-inch QLED OnePlusTV will also sell during the Amazon Great Indian Festival sale (OnePlus)
The 55-inch QLED OnePlusTV will also sell during the Amazon Great Indian Festival sale (OnePlus)

Amazon reveals Great Indian Festival sale offers: Find out more

  • The Great Indian Festival will commence on midnight, 29 September and will go on till 11:59 pm on 4 October
  • The sale will see offers on smartphones, laptops, cameras, large appliances & TVs, home & kitchen products, fashion and consumer electronics

The income tax department has clarified that it does not request detailed personal information through e-mail.
The benefits from currency depreciation, however, can be temporary at best. (Photo: iStock)
The applicant needs to visit the portal and register using his/her name, email ID and mobile number to get the home loan. Photo: Mint
Teaser for the Samsung Galaxy M30s
SIP is beneficial for the long-term investment plans, especially those where one invests for seven to 10 years. (Photo: iStock)
PM-SYM is a voluntary and contributory pension scheme on a 50:50 basis (Since the IL&FS defaults, it can be noted that NBFCs and housing finance companies (HFCs) were facing a crisis of confidence, sending call money rates higher and overall liquidity tight.)
PM-SYM is a voluntary and contributory pension scheme on a 50:50 basis (Since the IL&FS defaults, it can be noted that NBFCs and housing finance companies (HFCs) were facing a crisis of confidence, sending call money rates higher and overall liquidity tight.)

How to get monthly 3,000 pension under new govt scheme: Check details

  • Each subscriber under this scheme will receive a minimum assured pension of 3,000 per month once they turn 60
  • Eligible subscribers can enroll by visiting their nearest common service centres

Currently, 12 out of every 100 workers are from flexi workforce in Indian IT sector: Report
USD-INR rate today: Rupee today moved to 71.29 a dollar at day's high
A rate cut was the only hope to ease vehicle prices to propel demand. (Photo: Ramesh Pathania/Mint)
A sustained increase in oil prices could result in higher ticket prices: Airline official
A litre of petrol costs  ₹72.42 in Delhi,  ₹78.10 in Mumbai,  ₹75.26 in Chennai and  ₹75.14 in Kolkata. (Mint)
The customs duty on TV panels had earlier pushed electronics makers to import TV sets from neighbouring markets such as Vietnam and Thailand
The customs duty on TV panels had earlier pushed electronics makers to import TV sets from neighbouring markets such as Vietnam and Thailand

Govt scraps import duty on open cell LED TV panel

  • Panels make up over 60-70% of the cost of manufacturing LED TV sets
  • The demand for TV in India has seen a slump amid consumer slowdown, more competition and increased GST on large TV sets

Banks usually offer pre-approved loans to its existing customers and that is why minimum or no documentation is required and the process is hassle-free. (Photo: iStock)
Banks usually offer pre-approved loans to its existing customers and that is why minimum or no documentation is required and the process is hassle-free. (Photo: iStock)

Pre-approved personal loan: All you need to know

  • Pre-approved loans are mostly unsecured, collateral-free short term loans
  • Pre-approved loans are actually an ‘invitation to apply’ offers and hence are valid only for a certain period of time

The RBI's latest decision will lower banks’ capital requirements and thus the loss absorbing buffer on these loans (Mint file)
The RBI's latest decision will lower banks’ capital requirements and thus the loss absorbing buffer on these loans (Mint file)

Moody’s says RBI’s decision to cut risk weight on consumer loans credit negative

  • The RBI last week reduced risk weight on consumer loans such as personal loans to 100% from 125%
  • According to Moody's, the strong growth of personal loans in recent years was supported by the yields offered by these unsecured loans

Indian originals are, incidentally, also grabbing eyeballs overseas (Photo: AP)
Indian originals are, incidentally, also grabbing eyeballs overseas (Photo: AP)

Amazon Prime Video targets ‘many Indias’ for growth

  • The service currently offers content in Hindi, Tamil, Telugu, Kannada, Malayalam, Marathi, Bengali, Punjabi and Gujarati
  • Amazon content is currently watched in about 4,000 Indian towns and cities

Xiaomi India MD Manu Kumar Jain with Xiaomi's IoT products.
Airtel Payments Bank Bharosa Savings Account will allow you one debit transaction per month. ( Priyanka Parashar/Mint)
The new iPhone 11 will be sold in India at a starting price of  ₹64,900
Latest data shows that WPI- and CPI-based inflations are digressing further from each other
Latest data shows that WPI- and CPI-based inflations are digressing further from each other

Static WPI inflation adds to slowdown worries

  • Wholesale prices of manufactured products in August were at the same level as a year ago, signalling that producers lacked pricing power
  • RBI has been focusing only on CPI-based inflation after a 2015 monetary framework pact with the Centre

Gold, silver price today: On MCX, gold prices traded near  ₹37,900 per 10 gram while silver at  ₹47,075 a kg
Bhubaneswar airport: The airlines have been intimated about the re-carpeting of the runway by Airport Authority of India. (Ramesh Pathania/Mint)
Bhubaneswar airport: The airlines have been intimated about the re-carpeting of the runway by Airport Authority of India. (Ramesh Pathania/Mint)

Bhubaneswar airport to remain partially shut for 8 months

  • The runway re-carpeting will be done in two phases from November
  • The re-carpeting of the runway is a regular maintenance work and was last taken up at the Biju Patnaik International Airport in 2007

BSP supremo Mayawati. (ANI)
Prime Minister Narendra Modi (Mint file)
China came up with a distant second with 340,000 resident non-immigrants in the US. (Pradeep Gaur/Mint)
China came up with a distant second with 340,000 resident non-immigrants in the US. (Pradeep Gaur/Mint)

Indians are the largest resident non-migrants in US

  • In 2016, there were 580,000 Indians in the US as resident non-immigrant
  • Of these, 440,000 were temporary workers, which includes those on H-1B visas and 140,000 were students

Ramkumar Ramamoorthy, CMD, Cognizant India.
Commerce and industry minister Piyush Goyal (PTI file)
Investors can also choose to have the demat and trading accounts with different service providers.
Investors can also choose to have the demat and trading accounts with different service providers.

Demat, trading accounts can be unbundled

  • Investors can also choose to have just a demat account
  • However, if at any time, they intend to sell the securities, they will need to open a trading account and link the demat account to it

Photo: Mint
Photo: Mint

Bajaj Finance to raise Rs8,500 crore via QIP

  • Bajaj Finance board approves raising of capital through QIP for an aggregate amount not exceeding Rs8,500 crore by issue of equity shares
  • Stock of Bajaj Finance closed 1.54% lower at Rs3,365.65 on the BSE

All these benefits are available only when IDF is set up as per the prescribed guidelines and fulfil required conditions (Photo: Mint)
Former Kolkata police commissioner Rajeev Kumar (Mint file)