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UPI processed more than 2 billion monthly transactions in October and November. When it was launched in 2016, few expected such explosive expansion. (Photo: Pradeep Gaur/Mint)
UPI processed more than 2 billion monthly transactions in October and November. When it was launched in 2016, few expected such explosive expansion. (Photo: Pradeep Gaur/Mint)

India’s quest to fix its payments puzzle

  • Amid suspicion about foreign firms and a new 30% market share cap in UPI, fintech is headed for upheavals
  • The recent moves have evoked analogies with the licence raj and prove how vexatious internet regulation in India is becoming. Critics say the 30% cap is arbitrary

From The Wall Street Journal
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The Centre says India need not administer covid-19 vaccine jabs to the entire population
The Centre says India need not administer covid-19 vaccine jabs to the entire population

Jabs for all versus enough shots for herd immunity

The Centre says India need not administer covid-19 vaccine jabs to the entire population. Rather, inoculating a 'critical mass' on priority will help break the chain of transmission. If the earlier presumption was that all would be given the shots, what does this mean? Mint delves in

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Photo: Reuters
(Photo: Reuters)
Britain's Prime Minister Boris Johnson speaks during a virtual press conference (AFP)
(Photo: Bloomberg)

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So far, Wikipedia has not corrected the map.
Improving demand is a positive for the company’s e-auction volumes and realizations.
For PI, the momentum in the CSM business remains strong in export markets.
Photo: Mint
The clash in Galwan Valley resulted in the first deaths along the LAC since 1975 (AP)
FILE PHOTO: New Tesla electric vehicles are seen in a lot at Tesla's primary vehicle factory after CEO Elon Musk announced he was defying local officials' coronavirus disease (COVID-19) restrictions by reopening the plant in Fremont, California, U.S. May 11, 2020. REUTERS/Stephen Lam (REUTERS)
FILE PHOTO: New Tesla electric vehicles are seen in a lot at Tesla's primary vehicle factory after CEO Elon Musk announced he was defying local officials' coronavirus disease (COVID-19) restrictions by reopening the plant in Fremont, California, U.S. May 11, 2020. REUTERS/Stephen Lam (REUTERS)

Battery costs fall, make electric vehicles cheaper: BMI

BMI estimates that between 2014 and 2017 the price of battery cells fell 16.5% per annum, but between 2017 and 2020 the drop was only 5.8% per annum

Russian President Vladimir Putin takes part in the opening of multi-purpose medical centers of the Russian Defence Ministry via a video link at the Novo-Ogaryovo state residence outside Moscow. (AFP)
Russian President Vladimir Putin takes part in the opening of multi-purpose medical centers of the Russian Defence Ministry via a video link at the Novo-Ogaryovo state residence outside Moscow. (AFP)

Russia's Putin plans mass vaccinations against Covid-19 next week

  • 'Let's agree on this - you will not report to me next week, but you will start mass vaccination ... let's get to work already, Putin told Deputy PM Tatiana Golikova
  • This comes after the UK became the first country to approve the Pfizer-BioNTech Covid-19 vaccine for widespread use

Over the past few months, Sebi has taken several measures to stop the misuse of the controversy-ridden participatory notes. Photo: Reuters
Over the past few months, Sebi has taken several measures to stop the misuse of the controversy-ridden participatory notes. Photo: Reuters

Sebi asks BSE to clarify on NOC to RIL-Future deal

  • Amazon has written two letters to Sebi, urging the regulator and stock exchanges not to give their NOCs to the deal since it would mean disregard of Singapore International Arbitration Centre's interim award

CBSE’s  ‘Udaan’ initiative assists girl students with an overall score of 70% or above, and 80% in science and maths stream with free of cost tutorials, mentoring support, lectures and study material to prepare for engineering entrance exam. Photo: Hindustan Times (Hindustan Times)
CBSE’s ‘Udaan’ initiative assists girl students with an overall score of 70% or above, and 80% in science and maths stream with free of cost tutorials, mentoring support, lectures and study material to prepare for engineering entrance exam. Photo: Hindustan Times (Hindustan Times)

Board exams in 2021 will be in written mode only and not online: CBSE

  • CBSE also said that if students were not able to sit for practicals in classes before the exams, alternatives would be explored
  • Union Minister of Education is supposed to hold an interaction with students, teachers and parents on December 10 on the issue of conduct of board examinations and competitive examinations next year

(Photo: AP)
(Photo: AP)

Wall Street slips as monthly jobs data disappoints

  • The biggest drag was a near 10% drop in Salesforce.com Inc after it agreed to buy workplace messaging app Slack Technologies Inc in a $27.7-billion deal
  • After getting a green signal from UK for emergency authorisation of the Covid-19 vaccine candidate, Pfizer rose 3.3% and BioNTech added 6%

Moderna's logo is reflected in a drop on a syringe needle in this illustration taken November 9, 2020. REUTERS/Dado Ruvic/Illustration (REUTERS)
Moderna's logo is reflected in a drop on a syringe needle in this illustration taken November 9, 2020. REUTERS/Dado Ruvic/Illustration (REUTERS)

Moderna Covid vaccine can get emergency nod in 2-3 days after panel meet: CEO

  • The FDA will hold an advisory committee meet to discuss company's request for emergency authorization for its COVID-19 vaccine on 17 December
  • Moderna's vaccine candidate's full results from a late-stage study showed its vaccine was 94.1% effective with no serious safety concerns

Tata Sons acquired 22,10,425 shares of Tata Chemicals for  ₹287.58 apiece totalling to  ₹63.57 crore (MINT_PRINT)
The Merck logo is seen at a gate to the Merck & Co campus in Linden, New Jersey, US. (REUTERS)
The Merck logo is seen at a gate to the Merck & Co campus in Linden, New Jersey, US. (REUTERS)

Merck sells stake in Moderna as vaccine gets FDA review

  • Merck sold its direct equity investment in Moderna during the first half of the fourth quarter, according to a statement from the US drugmaker on Wednesday
  • No terms of the sale of the holdings were given

FILE PHOTO: A test tube labeled with the vaccine is seen in front of AstraZeneca logo in this illustration taken, September 9, 2020. REUTERS/Dado Ruvic/File Photo (REUTERS)
FILE PHOTO: A test tube labeled with the vaccine is seen in front of AstraZeneca logo in this illustration taken, September 9, 2020. REUTERS/Dado Ruvic/File Photo (REUTERS)

First doses of AstraZeneca vaccine to arrive in Brazil by Feb: Health Minister

  • Pazuello said the govt had released funds to the Fiocruz biomedical institute in Rio de Janeiro, which will receive supplies from the firm and eventually produce the vaccine locally

In September, Flipkart launched its digital B2B marketplace to connect local manufacturers with retailers.mint (MINT_PRINT)
Chief Minister of Punjab Amarinder Singh (AP)
Chief Minister of Punjab Amarinder Singh (AP)

Capt Amarinder to take first shot of Covid vaccine in Punjab

The state government has also prioritised nearly 23% of its three crore population comprising healthcare workers, frontline workers, the elderly population above the age of 50 years and people with co-morbidities for the first phase of vaccination

Bharti Airtel
EU chief negotiator Michel Barnier wearing a face mask arrives for Brexit talks in London, Britain. (REUTERS)
EU chief negotiator Michel Barnier wearing a face mask arrives for Brexit talks in London, Britain. (REUTERS)

Britain will stand by Brexit deal-breaking bill

  • The mood of trade talks could sour further if the government presses on with the controversial clauses

Shares of Apollo Hospitals Enterprise Ltd closed at  ₹2,411.70 per scrip on BSE, down 1.99% over previous close  (Photo: Mint)
The new Magnite starts at a price of  ₹4.99 lakh for the naturally aspirated variant
Farmers sit around a bonfire at the site of a protest against the newly-passed farm bills. (REUTERS)
The IPO received bids for 233.20 million shares against 74.49 million shares on offer, translating into 3.13 times subscription, according to data available with BSE and NSE. (REUTERS)
The IPO received bids for 233.20 million shares against 74.49 million shares on offer, translating into 3.13 times subscription, according to data available with BSE and NSE. (REUTERS)

Retail frenzy drives Burger King India IPO, issue oversubscribed three times

  • As of date, they have 259 Company-owned Burger King Restaurants and 9 sub-franchised Burger King Restaurants, of which 249 were operational, including two sub-franchised Burger King Restaurant

Britain's Prime Minister Boris Johnson leaves Downing Street in London. (REUTERS)
Two workers wave from a window at Pfizer Manufacturing in Puurs, Belgium (AP)
NIssan Magnite
CSE report comes at a time when sales of packaged honey have zoomed in the aftermath of covid 19 pandemic with consumers seeking immunity boosting products. (iStockphoto)
CSE report comes at a time when sales of packaged honey have zoomed in the aftermath of covid 19 pandemic with consumers seeking immunity boosting products. (iStockphoto)

CSE finds adulteration in several honey brands

  • Investigations by CSE with laboratory studies in India and Germany revealed adulteration in honey sold here with 77% of samples being found adulterated with sugar syrup

SP group is bucketing Tata Sons in three – listed companies, unlisted companies and brand value. (Photo: Mint)
SP group is bucketing Tata Sons in three – listed companies, unlisted companies and brand value. (Photo: Mint)

SC to hear final arguments of Tata-Mistry case on 8 December

  • SC was expected to take on record the 29 October plea by the two investment firms for separation from Tata Sons as part of additional relief in its minority oppression case. The SP group has said the obligation of protecting the rights of largest non-Tata shareholder has been broken

A medic administers Covaxin to a health worker during its trials at the Gujarat Medical Education & Research Society in Ahmedabad. (PTI)
A medic administers Covaxin to a health worker during its trials at the Gujarat Medical Education & Research Society in Ahmedabad. (PTI)

List of states that have started phase 3 trials of India's first Covid vaccine

  • The Covaxin phase 3 trials have commenced in several states in the country, including Haryana, West Bengal, Madhya Pradesh and other states are also expected to begin soon
  • It is the largest clinical trial conducted for a coronavirus vaccine in India

Gold rates today: On MCX, prices fell to  ₹48449 per 10 gram
Proponents of quantum computing say the technology will exponentially improve the processing speed of computers (Reuters)
Proponents of quantum computing say the technology will exponentially improve the processing speed of computers (Reuters)

Amazon is laying the groundwork for its own quantum computer

Amazon.com Inc. is laying the groundwork for a quantum computer, deepening efforts to harness technology that can crunch in seconds vast amounts of data that take even the most powerful supercomputers hours or days to process.

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