RIL chairman Mukesh Ambani may be looking to raise more cash to fund his expansion plans, which include a proposal to add capacity to Reliance Industries’ oil refining operations. (Pradeep Gaur/Mint)
RIL chairman Mukesh Ambani may be looking to raise more cash to fund his expansion plans, which include a proposal to add capacity to Reliance Industries’ oil refining operations. (Pradeep Gaur/Mint)

How Mukesh Ambani’s bet on the Indian middle class is paying off

  • Mukesh Ambani has ambitions to take on Amazon and Walmart in India
  • Ambani has set big expectations for Reliance’s consumer divisions

Jet Airways has more than $1 billion in debt (AFP)
While some passengers sensed that the problem was going to get bigger even before the Jet Airways grounding announcement came, others who were hoping that things would settle down didn’t cancel their bookings in time. (Reuters)
While some passengers sensed that the problem was going to get bigger even before the Jet Airways grounding announcement came, others who were hoping that things would settle down didn’t cancel their bookings in time. (Reuters)

Stranded Jet Airways passengers wait for refunds

  • The sudden grounding of Jet Airways has hit budget travellers the most
  • There is no clarity on when the refund would be processed and there is also a spike in air fares

 (Illustration: Shrikrishna Patkar)
(Illustration: Shrikrishna Patkar)

Soon, you will be able to track your insurance claims

  • To ensure fair and transparent claim settlement procedures, insurers have been asked to notify about the claim’s status at various stages of its processing
  • You can use the claims reference number to track the claims status through a portal, website, an app of the insurance company or any authorised electronic means

An election official applies the indelible ink on the finger of a bride at a polling station, during the 2nd phase of Lok Sabha elections in Bengaluru, yesterday (PTI)
An election official applies the indelible ink on the finger of a bride at a polling station, during the 2nd phase of Lok Sabha elections in Bengaluru, yesterday (PTI)

Flawed electoral rolls a likely reason for low voter turnout in Bengaluru

  • Few things can explain the abysmal voter turnout in Bengaluru and other urban centres like Chennai
  • There is a huge migrant population who may not get themselves registered as a voter unless there is an obvious benefit from it

Investors should note that they may have built in far too high expectations from RIL. To deliver on these would be a tall order. (Naveen Kumar Saini/Mint)
Investors should note that they may have built in far too high expectations from RIL. To deliver on these would be a tall order. (Naveen Kumar Saini/Mint)

RIL Q4 results should provide a reality check for investors

  • The big drag for RIL continues to come from its refining business, where Ebit fell by 18.6% sequentially
  • Reliance Jio and Reliance Retail did relatively better, but could not make up from the refining shortfall

A flight steward of Jet Airways during a protest by the airline's employees in New Delhi on Thursday. (Reuters)
A flight steward of Jet Airways during a protest by the airline's employees in New Delhi on Thursday. (Reuters)

Jet Airways' future is up in the air

  • While the government is silent on a Jet Airways revival plan, lenders see the stake sale process as key to the airline's future
  • Jet Airways employees union, meanwhile, criticized banks for not infusing funds and said it would approach the labour commissioner

ITR-1 form or Sahaj is usually the easiest to fill with least number of details. (Illustration: Sudhir Shetty)
ITR-1 form or Sahaj is usually the easiest to fill with least number of details. (Illustration: Sudhir Shetty)

Your guide to filing income tax returns this year

  • For FY 2019-20, directors of unlisted shares or investors in unlisted equity will no longer be able to file their returns
  • Those with an income below 5 lakh are no longer exempt from filing their returns online

Bill Campbell (left). (Above, from left) former Google chairman and CEO Eric Schmidt and co-founders Larry Page and Sergey Brin. (Getty Images & Reuters)
Bill Campbell (left). (Above, from left) former Google chairman and CEO Eric Schmidt and co-founders Larry Page and Sergey Brin. (Getty Images & Reuters)

Google’s formula to build an All Star team

  • In the nervous days ahead of Google’s IPO in 2004, disagreements almost resulted in chairman Eric Schmidt quitting the firm
  • As the coach of Google’s executive team, Bill Campbell couldn’t let the greatest team in technology break up. He understood Eric was hurt but knew Google neede  him

Jet Airways Crisis
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Facebook is another social network where AR ad campaigns and games are generating a lot of buzz
Facebook is another social network where AR ad campaigns and games are generating a lot of buzz

How augmented reality is thriving on social media

  • Brands such as Shoppers Stop and Lenskart are leveraging AR to connect with customers
  • YouTube, which has lot of social media elements, recently added Snapchat-like AR selfie filters for YouTube Stories

Elections 2019
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Amazon CEO Jeff Bezos (Reuters)
Amazon CEO Jeff Bezos (Reuters)

Amazon plans to close Chinese marketplace business, focus more on India

  • Amazon has plowed billions of dollars into the India business since opening its website there in 2013, building more than 50 warehouses to support the business
  • The company will keep running other businesses in China, including Amazon Web Services, Kindle e-books, and cross-border operations

Future of the travel sector will be an era of alliances, where today’s disruptors will get disrupted, making way for a new and sustainable ecosystem.
Future of the travel sector will be an era of alliances, where today’s disruptors will get disrupted, making way for a new and sustainable ecosystem.

How virtual tours will personalize vacations

  • Tech will bring destinations closer to the traveller, help them experience it before making a booking
  • The virtual tour replicates not just the sights, but also the sounds and smells one might experience

According to McAfee labs, software updates take up a few minutes and may not seem that important
According to McAfee labs, software updates take up a few minutes and may not seem that important

App updates may be annoying, but are necessary

  • The updates occur more frequently on Android compared to iOS, simply because there are more Android devices out there
  • Many of the updates are also rolled out to address bugs that originate due to compatibility issues with the custom user interface (UI) or version of OS

The US remains the ‘bad bot superpower’ with over half of bad bot traffic coming from the country, according to the report. (AFP)
The US remains the ‘bad bot superpower’ with over half of bad bot traffic coming from the country, according to the report. (AFP)

Bad bots originating from India see increase, says study

  • Many companies use geofencing blacklists to choke off large swaths of unwanted traffic
  • Amazon was the source of the most global bad bot traffic at 18%, according to the report

Mulayam Singh Yadav, his son Akhilesh Yadav and Mayawati at election rally. Photo: PTI
Uber is reported to be the subject of several US government investigations. (Reuters)
Ayilyam Tirunal, maharaja from 1860-80, with his ‘sambandham’ wife Nagercoil Ammachi in the 1870s.  (Photograph courtesy: Manu Pillai)
Ayilyam Tirunal, maharaja from 1860-80, with his ‘sambandham’ wife Nagercoil Ammachi in the 1870s. (Photograph courtesy: Manu Pillai)

Opinion: Marriages not made in heaven

  • In the 19th century, sambandham, an informal mode of ‘marriage’ in Kerala, allowed the elites to join in mutually beneficial unions
  • The arrangement made room for inter-caste unions, with its dynamics determined mostly by economics

Kaushik Shaparia, who will be the new India head of Deutsche Bank
Users will now be able to hear some of Amazon Music's top global playlists including Country Heat, Fuego Latino and more. (Reuters)
Users will now be able to hear some of Amazon Music's top global playlists including Country Heat, Fuego Latino and more. (Reuters)

Amazon launches ad-supported music streaming service

  • This service is different from Amazon Music Unlimited and Amazon Prime Music
  • Users would now have access to play a station based on a song, artist, era, and genre

Menaka Guruswamy, Arundhati Katju
 (iStock)
 (AFP)
Production across vehicle categories, except three-wheelers, pared in March as sales have weakened. (Naveen Kumar Saini/Mint)
Production across vehicle categories, except three-wheelers, pared in March as sales have weakened. (Naveen Kumar Saini/Mint)

Auto sector slowdown, tech changes a double whammy for auto component firms

  • Auto component makers need to brace up for sharp production cuts in the near term, with their large customers cutting production
  • Cost pressures due to new safety and emission norms may impact profit margins of both auto and auto component firms

Jet Airways has suspended its operations indefinitely. (Pradeep Gaur/Mint)
Jet Airways has suspended its operations indefinitely. (Pradeep Gaur/Mint)

Jet Airways issues gag order, fearing impact on stake sale

  • Jet Airways has asked employees to refrain from engaging with the media
  • An internal mail suggests that talking with external stakeholders might impact the bidding process for airline's stake sale

 (Ramesh Pathania/Mint)
Photo: Mint
Hyundai India MD Seon Seob Kim with the Hyundai Venue, which will go up against the Maruti Suzuki Vitara Brezza, Mahindra XUV 300 and Tata Nexon.
Hyundai India MD Seon Seob Kim with the Hyundai Venue, which will go up against the Maruti Suzuki Vitara Brezza, Mahindra XUV 300 and Tata Nexon.

Hyundai looks to make some EV components in India

  • Hyundai is already in talks with strategic partners to invest in the development of components for electric vehicles
  • Hyundai is also looking to roll out hybrid vehicles in India whenever the market is ready

Inflation expectations have cooled considerably over the last three quarters, shows an RBI survey. (Naveen Kumar Saini/Mint)
Inflation expectations have cooled considerably over the last three quarters, shows an RBI survey. (Naveen Kumar Saini/Mint)

RBI MPC minutes show naysayers are worried about food and oil prices

  • The combination of rising food and crude oil prices could result in inflationary expectations rising again, RBI MPC members believe
  • There was a consensus on growth among members and future rate cuts are likely to depend on how they perceive growth slowdown

Zee & Essel Group chairman Subhash Chandra
 (iStock)
(iStock)

Make the most of your credit card

  • You need to monitor the total amount that piles up every time you swipe your card and the bill payment due date
  • Credit cards have a high interest rate of 24-48% per annum and a delay in bill payment can have a major impact on your money life

Photo: PTI
Photo: PTI

GST in India—the journey so far

  • The GST Council and CBIC have played an important role in handholding taxpayers/businesses for smooth transition to this new regime and in addressing their grievances
  • GST regime also provides for a NAA which ensures that the benefit of reduction in the rate of tax on goods or services or the benefit of the input tax credit is passed on to the customer

Q4 was the second straight quarter when Mukesh Ambani-led Reliance Industries Ltd reported a quarterly profit of more than  ₹10,000 crore. (Francis Mascarenhas/Reuters)
Q4 was the second straight quarter when Mukesh Ambani-led Reliance Industries Ltd reported a quarterly profit of more than 10,000 crore. (Francis Mascarenhas/Reuters)

Reliance records another bumper quarter with 10,362 crore net profit

  • RIL reports 9.79% increase in Q4 profit, beating analysts’ estimates, boosted by Reliance Jio and Reliance Retail
  • RIL's revenue rose 19.4% to 1.54 trillion for the quarter ended 31 March from 1.29 trillion in the year earlier

The move could reset the balance of taxation powers between India and developed nations with respect to cross-border investments. Pradeep Gaur/Mint
Facebook said the passwords were stored on internal company servers, where no outsiders could access them. (Bloomberg)
Facebook said the passwords were stored on internal company servers, where no outsiders could access them. (Bloomberg)

Facebook says more Instagram passwords exposed than thought

  • Facebook estimates that millions of Instagram users were affected by the lapse
  • Facebook had inadvertently stored passwords in plain text, making it possible for its thousands of employees to search them

The last major change in the 2019 variant of the iPad Air is the display
The last major change in the 2019 variant of the iPad Air is the display

New Apple iPad Air has a great display and is a decent first buy

  • The new iPad Air has a few main changes—a newer and faster processor, support for the Apple Pencil and a slightly larger screen
  • While support for the Apple Pencil makes it better suited to a particular niche of creators, it’s worth noting that the new Air supports Apple’s first generation Pencil

Jet Airways had trouble coming its way for the past couple of years, but just did not know how to deal with it. (Abhijit Bhatlekar/Mint)
Airfares have risen amid reduced number of flights in the wake of grounding of planes by Jet Airways (Reuters)
Airfares have risen amid reduced number of flights in the wake of grounding of planes by Jet Airways (Reuters)

Don't resort to predatory pricing of tickets: Govt tells airlines

  • Civil Aviation Secretary Pradeep Singh Kharola said the movement of airfares is being closely monitored
  • All airlines have assured us that they would not resort to predatory pricing, Kharola added.

One of the biggest fallouts of the Jet Airways crisis is the loss of jobs. (Reuters)
One of the biggest fallouts of the Jet Airways crisis is the loss of jobs. (Reuters)

Jet Airways crisis set to reset India's aviation industry

  • Jet Airways grounded is set to have a ripple effect on competition, fares and customers as rival airlines scramble to fill up the void
  • Jet Airways' failure is also set to reignite the aviation industry’s longstanding demand to bring aviation turbine fuel under GST

TikTok star Faisal Shaikh has over 13 million followers.
TikTok star Faisal Shaikh has over 13 million followers.

TikTok users don’t care for your opinion

  • Clean up the content ecosystem by all means, but banning TikTok is not going to stop enthusiastic creators
  • Most TikTok videos are made by first-time content creators from small towns and villages, discovering the power of self-expression and peer validation for possibly the first time

The Mahindra-Ford partnership is focused on leveraging the benefits of both companies—Ford’s global reach and expertise and Mahindra’s scale and successful operating model in India.
The Mahindra-Ford partnership is focused on leveraging the benefits of both companies—Ford’s global reach and expertise and Mahindra’s scale and successful operating model in India.

A Mahindra-Ford SUV is in the works for India and emerging markets

  • The Mahindra-Ford SUV will have a common product platform and powertrain, which will substantially reduce development costs
  • Mahindra already sells the Ford EcoSport in some parts of India, and is also working of developing Ford Aspire's electric variant

Stellar's previous acquisitions include Kelvin Cold Chain Logistics Pvt. Ltd and Innovative Logistics Services Pvt. Ltd.
Jet Airways listed on the stock exchanges on 14 March 2005. (Punit Paranjpe/AFP)
Srei vice-chairman Sunil Kanoria. (Mint)
In September, an analysis of some sewage and stool samples showed traces of polio strain 2, a variant believed long gone. HT
Bollywood actor Shah Rukh Khan attended the China-India Film Co-production Dialogue in Beijing on Thursday. (Photo: AFP)
 (Photo: HT)