#HTLS2019 Day 2: Catch all the live action here
Finance Minister Nirmala Sitharaman at HTLS 2019. (Pradeep Gaur/Mint)
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The first day of the 17th edition of Hindustan Times Leadership Summit witnessed the confluence of top personalities from various fields
The first day of the 17th edition of Hindustan Times Leadership Summit witnessed the confluence of top personalities from various fields

PM Modi, KM Birla, Akshay & Kareena, Phelps: Highlights of #HTLS2019 Day 1

06 Dec 2019

The first day of the 17th edition of Hindustan Times Leadership Summit witnessed the confluence of top personalities from various fields. Prime Minister Narendra Modi delivered the inaugural address and spoke on creating a 'better tomorrow' for India. Other speakers included Aditya Birla Group Chairman Kumar Mangalam Birla, actors Kareena Kapoor and Akshay Kumar, Navy Commander Abhilash Tomy, Netflix CEO Reed Hastings, champion swimmer Michael Phelps, and renowned chef Heston Blumenthal, among other famous personalities.
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PM Modi delivering inaugural address to the 17th Hindustan Times Leadership Summit (Photo: HT)
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'We need a stronger fiscal stimulus. If GST is brought down to 15%, that would be a huge stimulus,' said Kumar Mangalam Birla at the Hindustan Times Leadership Summit in New Delhi (Photo: Priyanka Parashar/Mint)
'We need a stronger fiscal stimulus. If GST is brought down to 15%, that would be a huge stimulus,' said Kumar Mangalam Birla at the Hindustan Times Leadership Summit in New Delhi (Photo: Priyanka Parashar/Mint)

Vodafone Idea will shut shop if there is no govt support: Kumar Mangalam Birla

6 min read . 09:41 AM IST Suneera Tandon, Shayan Ghosh

  • ‘There is no company in the world that can pay that kind of fine ( ₹40,000 cr) in three months,’ said the Aditya Birla Group chairman at the Hindustan Times Leadership Summit
  • Birla’s comments were quick to send Vodafone Idea shares tumbling in Friday’s trade, ending 5.34% lower on Friday to ₹6.92

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In India, Hastings’ video-on-demand platform has announced around 24 feature films and 16 web series (Photo: Pradeep Gaur/Mint)
In India, Hastings’ video-on-demand platform has announced around 24 feature films and 16 web series (Photo: Pradeep Gaur/Mint)

Netflix on India binge, to spend ₹3,000 cr

2 min read . 06 Dec 2019 Lata Jha

  • Founder and CEO Reed Hastings said India will see unrivalled investment from both foreign and local streaming companies in the coming years
  • At HTLS 2019, Hastings said Netflix plans to push its mobile subscription plan, the first such option in the world

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An ARC shall not acquire assets in a bilateral deal from an entity in the group to which the ARC belongs (Reuters)
An ARC shall not acquire assets in a bilateral deal from an entity in the group to which the ARC belongs (Reuters)

RBI tightens norms for ARCs to acquire financial assets

2 min read . 06 Dec 2019 Ishita Guha

  • RBI stops asset reconstruction companies from buying assets from sponsor banks or financial institutions via bilateral deals
  • An ARC shall not acquire assets in a bilateral deal from a bank or financial institution, which is either a lender to the ARC or a subscriber to the fund, if any, raised by the ARC for its operations

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Elon Musk, chief executive officer of Tesla Inc. (Getty Images)
Elon Musk, chief executive officer of Tesla Inc. (Getty Images)

Elon Musk wins defamation trial sparked by 'pedo guy' tweet

4 min read . 08:35 AM IST Nichola Groom , Rachel Parsons , Reuters

  • The unanimous verdict was returned after roughly 45 minutes of deliberation on the fourth day of Elon Musk's trial
  • The outcome was a triumph for Tesla boss Elon Musk

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Import of components declined by 6.7% to ₹57,574 crore (Photo: Bloomberg) (Bloomberg)
Import of components declined by 6.7% to ₹57,574 crore (Photo: Bloomberg) (Bloomberg)

Amid slump, 100,000 workers in auto component industry lose their jobs

3 min read . 06 Dec 2019 PTI

  • The auto component industry turnover dropped 10% to 1.79 lakh crore in the April-September period
  • Automotive Component Manufacturers Association said the slowdown has also resulted in an investment loss of up to $2 billion during the period

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In their submissions to Sebi, the lenders said that delay in reducing stake in UTI AMC was due to lack of approvals from the government (Photo: Aniruddha Chowdhury/Mint) (MINT_PRINT)
In their submissions to Sebi, the lenders said that delay in reducing stake in UTI AMC was due to lack of approvals from the government (Photo: Aniruddha Chowdhury/Mint) (MINT_PRINT)

Sebi tells LIC, SBI to reduce their UTI MF stakes by Dec 2020

2 min read . 06 Dec 2019 Jayshree P. Upadhyay

  • Sebi directs LIC, SBI and BoB to submit compliance report within one month
  • SBI on Wedensday said its board has approved diluting up to 8.25% stake in UTI AMC which goes for an IPO

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US President Donald Trump said he had instructed the federal environmental authority, known as the EPA, to loosen regulations on water use (Reuters)
US President Donald Trump said he had instructed the federal environmental authority, known as the EPA, to loosen regulations on water use (Reuters)

Donald Trump says 'people flush toilets 10-15 times' and seeks solution

2 min read . 10:50 AM IST AFP

  • Trump told the high-level meeting, that the government is 'looking very strongly' at water pressure troubles in the nation's bathrooms
  • 'You can't wash your hands practically, there's so little water coming out of the faucet,' Trump added

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PM Modi sought to highlight his government's mantra of 'sabka sath, sabka vikas and sabka vishwas'
Maruti said these models were manufactured between 1 January 2019 and 21 November 2019
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Kumar Mangalam Birla at the Hindustan Times Leadership Summit in New Delhi on Friday. (Pradeep Gaur/Mint)
Kumar Mangalam Birla at the Hindustan Times Leadership Summit in New Delhi on Friday. (Pradeep Gaur/Mint)

Gave my kids freedom to follow their passion: Kumar Mangalam Birla

3 min read . 12:43 AM IST Suneera Tandon

  • Aditya Birla Group chief says he would have done things differently if given the option
  • Kumar Mangalam Birla said that growing up he did not have a choice to pick his own career path, unlike children today who have options to pursue their own interests

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WhatsApp is working on three options for activating the Dark Mode: light and dark theme and a third option called 'Set by Battery Saver' (wabetainfo)
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ICICI Prudential Life Insurance is industry’s first term plan specifically designed for customers who find it difficult to get access to life cover. (iStockphoto)
ICICI Prudential Life Insurance is industry’s first term plan specifically designed for customers who find it difficult to get access to life cover. (iStockphoto)

ICICI Pru's new insurance plan covers diabetics, others with health conditions

3 min read . 07:40 AM IST Anulekha Ray

  • ICICI Prudential's new life insurance plan is designed to benefit those who have existing medical conditions
  • Based on the protection the customer wants, ICICI Pru Precious Life offer two kinds of term cover — life option and life plus option

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Under this new process, employers will complete a registration process that requires only basic information about their company and each requested worker. Photo: iStock
Under this new process, employers will complete a registration process that requires only basic information about their company and each requested worker. Photo: iStock

H-1B visa: USCIS rolls out new electronic registration process

2 min read . 10:41 AM IST PTI

  • The US Citizenship and Immigration Services would start accepting the H-1B petitions from April 1, 2020 for the next fiscal year
  • Companies applying for H-1B visas for foreign workers for the fiscal year 2021 would have to register online and pay a processing fee of $10

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Know how Elon Musk gets inspiration for his all new futuristic Cybertruck
Know how Elon Musk gets inspiration for his all new futuristic Cybertruck

Elon Musk pays $1 million for a $100 car. Here's why

2 min read . 07:40 AM IST Anulekha Ray

  • The story began in the year 1989 when a couple from Long Island, New York bought a storage unit for a mere amount of $100 in a blind auction
  • Elon Musk is an ardent James Bond fan who had grown up watching Bond movie

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SBI has also informed its customers that upgrading their card to new EMV chip card will be free. (Aniruddha Chowdhury/Mint)
SBI has also informed its customers that upgrading their card to new EMV chip card will be free. (Aniruddha Chowdhury/Mint)

SBI to soon block old ATM-cum-debit cards

2 min read . 07:32 AM IST Edited By Sangeeta Ojha

  • SBI customers can replace their ATM-cum-debit card by either by visiting their Home Branch or through internet banking
  • SBI has also informed its customers that they don't have to pay anything for upgrading their card to new EMV chip card

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Noida-Greater Noida, connecting Gaur City, metro extension: The first phase would be between Sector 71 and Greater Noida Sector 2.
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Senior citizens often prefer fixed deposits when it comes to investing money. (AP)
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If your total income is up to ₹5 lakh the penalty for filing belated ITR will be reduced to ₹1,000. (iStock)
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The founders hold about 80.2% of Avenue Supermarts, including about 37.4% by Damani, according to exchange data
The founders hold about 80.2% of Avenue Supermarts, including about 37.4% by Damani, according to exchange data

Radhakishan Damani may tap banks for ₹5,870 cr DMart share sale

1 min read . 06 Dec 2019 Bloomberg

  • Bank of America, Kotak Mahindra selected for the stake sale, said people with knowledge of the matter
  • Damani looking to pare his stake in India’s largest listed retail chain by selling 5.2% stake

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You can quote Aadhaar number wherever you have been asked to provide PAN card. (HT)
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If your bank account and Aadhaar is seeded with your employees provident fund account, making a claim becomes easier. (iStock)
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In October 2019 a total of 1.5 crore user logins in RailWire Wi-Fi services across all stations.
In October 2019 a total of 1.5 crore user logins in RailWire Wi-Fi services across all stations.

Railways: Free WiFi now at 5,500 railway stations

1 min read . 09:13 AM IST PTI

  • Jharkhand's Mahuamilan station becomes the 5,500th station to get free WiFi facility
  • The Railways began the service of providing free WiFi at its stations from January 2016

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Axis Bank said it has already initiated plan for finding a successor to Jairam Sridharan
Axis Bank said it has already initiated plan for finding a successor to Jairam Sridharan

Axis Bank CFO Jairam Sridharan resigns

1 min read . 06 Dec 2019 Edited By Surajit Dasgupta

  • He joined Axis Bank in 2010 and was elevated to the group CFO's position in 2015
  • Jairam Sridharan would like to pursue other career opportunities and as such has resigned from the services of the bank, Axis Bank said

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The 24X7 NEFT system will be available on all days of the year, including holidays. (Bloomberg )
The 24X7 NEFT system will be available on all days of the year, including holidays. (Bloomberg )

NEFT transactions to be available 24x7 from 16 December

2 min read . 06 Dec 2019 PTI

  • RTGS is meant for large-value instantaneous fund transfers, while NEFT is used for fund transfers of up to ₹2 lakh
  • The 24X7 NEFT system will be available on all days of the year, including holidays

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Akshay Kumar and Kareena Kapoor Khan at the Hindustan Times Leadership Summit. (Photo: Ajay Aggarwal/HT)
Akshay Kumar and Kareena Kapoor Khan at the Hindustan Times Leadership Summit. (Photo: Ajay Aggarwal/HT)

Akshay Kumar says he’ll soon have an Indian passport

2 min read . 06 Dec 2019 Lata Jha

  • It hurts that I need a piece of paper to prove my nationalism, says the actor
  • The debate on his nationalist credential assumes significance in the light of Akshay Kumar’s on- and off-screen image

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RBL Bank shares were trading lower in noon trade
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The 2021 iPhone sans the lighting port means more than just a change in the iPhone's design, look and feel (Reuters)
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Twenty-two among them were directors and above level officers, officials said. (Ramesh Pathania/Mint )
Twenty-two among them were directors and above level officers, officials said. (Ramesh Pathania/Mint )

32 railways officers given premature retirement in rare move

2 min read . 06 Dec 2019 PTI

  • Twenty-two among them were directors and above level officers, officials said
  • The only time in recent history when the railways undertook such a move was in 2016-17 when four officers were prematurely retired

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Manu Kumar Jain. (Illustration: Jayachandran/Mint)
Manu Kumar Jain. (Illustration: Jayachandran/Mint)

Manu Kumar Jain: The smartphone man

7 min read . 06 Dec 2019 Shrabonti Bagchi

  • The country head of Xiaomi, the largest seller of smartphones in India, talks to Lounge about maintaining the lead in a crushingly competitive industry
  • Jain also talks about how he almost didn’t make it to IIT Delhi, and co-authoring a comic-strip with wife Minu

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Sanjay Dutt in a still from 'Panipat'.
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Photo: Pradeep Goyal
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Kartik Aaryan and Aparshakti Khurana in Pati Patni Aur Woh
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The Husqvarna bikes would be made available across 30 cities in its first month of retail sales
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