RBI is not in favour of providing special credit window to the NBFC sector. (Photo: Aniruddha Chowdhury/Mint)
RBI is not in favour of providing special credit window to the NBFC sector. (Photo: Aniruddha Chowdhury/Mint)

RBI not in favour of special credit window for NBFCs

  • Many NBFCs came under severe liquidity pressure compelling them to bring down their reliance on CPs
  • Sources said the RBI board during the two-day meeting took stock of the NBFC sector and cash crunch faced by them

Today shares of DHFL hit a low of  ₹107.15 on the BSE
The Sensex closed 140 points higher 39,110
The Sensex closed 140 points higher 39,110

Sensex edges higher, a day ahead of counting of votes

  • Financials, led by ICICI Bank and HDFC, pulled the markets higher
  • IT and FMCG stocks came under some selling pressure

IndusInd Bank has recommended a dividend of Rs. 7.50 per share
The new IL&FS board has issued a show-cause notice to the auditors for alleged negligence, and can seek damages from them. ( Photo: Aniruddha Chowdhury/Mint)
DSP Quant Fund will be benchmarked to BSE 200 (Total Returns Index)
(Photo: S.Kumar/Mint)
JLR hit a bump in Europe amid concerns over a disruptive Brexit. Photo: Reuters
Today shares of DHFL hit a low of  ₹107.15 on the BSE
SAT gave a partial relief and asked NSE to deposit  ₹625 crore with Sebi. (Photo: Abhijit Bhatlekar/Mint)
Inflation was near double digits in the 12 months before the 2014 national election. It has averaged around 3.25% in the 12 months before the 2019 national election (Mint)
Inflation was near double digits in the 12 months before the 2014 national election. It has averaged around 3.25% in the 12 months before the 2019 national election (Mint)

Opinion | The immediate challenges for the next finance minister

The country’s current macroeconomic indicators should not cause any alarm but the economy’s direction is worrisome

Foodpanda has seen three management changes since its inception in 2012.
Environment groups repeat calls for mine to be blocked
In India, Hyundai is expected to launch its first electric vehicle later this fiscal year. (Photo: Pradeep Gaur/Mint)
 (Mint)
Yes Bank CEO Ravneet Gill. (Aniruddha Chowdhury/Mint)
The Securities Appellate Tribunal will hear NSE’s petition for interim relief today.  (Photo: Abhijit Bhatlekar/Mint)
A Sri Lankan security personnel stands guard St Joseph's Catholic school re-open across the country after the Easter attacks in Colombo on May 21 (Photo: AFP)
A Sri Lankan security personnel stands guard St Joseph's Catholic school re-open across the country after the Easter attacks in Colombo on May 21 (Photo: AFP)

Fake news rampant after Sri Lanka attacks despite social media ban

  • The surge in fake news has further blemished the troubled reputation of social media in the region
  • Some had dug out photos of coffins and funerals from Sri Lanka's brutal decades-long civil war and claimed they showed victims of the blasts

 (Reuters)
The Election Commission has said that EVMs are foolproof and kept in strongrooms before counting.  (Ramesh Pathania/Mint)
Central bank is also looking to introduce risk-based supervision for NBFCs and urban cooperative banks. (Photo: Aniruddha Chowdhury/Mint)
Central bank is also looking to introduce risk-based supervision for NBFCs and urban cooperative banks. (Photo: Aniruddha Chowdhury/Mint)

RBI plans specialized structure for regulation, supervision of banks

  • A decision to this effect was taken at a meeting of the Central Board chaired by RBI Governor
  • The decision is based on the recommendations of an internal committee under the current executive director in charge of NBFC supervision

Jet Airways shares were up over 7%.
 (Photo: Reuters)
(Photo: Reuters)

Opinion | Uber’s bumpy IPO has lessons for other startups, especially Ola

Uber pitched its initial public offering as a once-in-a-generation opportunity

 (HT)
 (Photo: ANI)
The Redmi Note 7 Pro
Photo: Hemant Mishra/Mint
 (Reuters )
The employees of tech giant, Amazon, say climate change isn’t an abstract concept, for them, or the company. (Photo: Reuters)
The employees of tech giant, Amazon, say climate change isn’t an abstract concept, for them, or the company. (Photo: Reuters)

Amazon employees embrace activism, echoing peers in Silicon Valley

  • In the past two years, employee activism has forced tech giants to reverse course on corporate initiatives
  • The current climate change campaign is the rare instance when workers at Amazon’s headquarters have taken a public stand for change inside the company

Apple offers free 'Keyboard Service Program' for MacBook
Spinny claims that the used car market in India is currently valued at $25 billion. (Photo: Hemant Mishra/Mint)
Spinny claims that the used car market in India is currently valued at $25 billion. (Photo: Hemant Mishra/Mint)

Accel, SAIF, Alteria invest in used car retailer Spinny

  • The startup is currently has three car hubs one each in Delhi, Gurgaon and Noida, and is planning to open at least five more hubs by end of the year
  • Spinny claims that the used car market in India is currently valued at $25 billion

Tesla on Monday cut $3,000 from the price of the Model S sedan and $2,000 from the Model X SUV. (Photo: AFP)
Tesla on Monday cut $3,000 from the price of the Model S sedan and $2,000 from the Model X SUV. (Photo: AFP)

Tesla reduces prices on Models S and X amid stock slump

  • The company on Monday cut $3,000 from the price of the Model S sedan and $2,000 from the Model X SUV.
  • The moves come as Tesla's stock is under pressure and has at times dropped below $200 per share

ISRO successfully launches PSLV-C46 carrying RISAT-2B
A Jaguar badge is displayed on the steering wheel of a 2020 Jaguar XE sports sedan during a Jaguar Land Rover Automotive PLC event in New York, US. (Photo: Bloomberg)
A Jaguar badge is displayed on the steering wheel of a 2020 Jaguar XE sports sedan during a Jaguar Land Rover Automotive PLC event in New York, US. (Photo: Bloomberg)

Tata faces $14 billion in auto Debt - and a slowdown in China

  • After years serving as a cash cow, JLR hit a bump in Europe amid concerns over a disruptive Brexit
  • JLR’s mixed fortunes have hit Tata -- whose wider group debt load bloated to at least $36 billion

 (Photo: Bloomberg)
On April 1, a total of 20 earthquakes, hit Andaman and Nicobar islands
A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi.  (Reuters)
Vodafone Idea and Bharti Airtel together shed 29.6 million users by March-end compared to February. (Mint)
 (Jayachandran/Mint)
 (Sarvesh Kumar Sharma/Mint)
China suspect that the US’s real goal is to prevent them from rising any further or projecting legitimate power and influence abroad
In September, an analysis of some sewage and stool samples showed traces of polio strain 2, a variant believed long gone. ht
In September, an analysis of some sewage and stool samples showed traces of polio strain 2, a variant believed long gone. ht

Bio-Med directors in the dock over supply of tainted drugs

  • Zonal drug regulator files complaint against company’s senior staff in Ghaziabad court
  • The complaint is against Bio-Med’s five directors, its lab in-charge and the company itself

 (Photo: Ramesh Pathania)
After a record rally on 20 May, 2019, the equity benchmark indices end lower on Tuesday. (Photo: Hemant Mishra/Mint)
After a record rally on 20 May, 2019, the equity benchmark indices end lower on Tuesday. (Photo: Hemant Mishra/Mint)

Indices end lower, a day after record rally

  • Sensex closed 1% lower at 38969.80 points, while the NSE Nifty 50 index fell 1.01% to close at 11,709.10 points
  • Analysts believe domestic markets have already priced in Prime Narendra Modi's re-election, with little room for a further rally

Trusts also have to disclose details about their beneficial owners.  (Reuters)
Trusts also have to disclose details about their beneficial owners. (Reuters)

CBDT wants religious, charitable trusts to be more open about their affairs

  • Trusts also have to disclose details about their beneficial owners
  • Tax relief is available to trusts on the income used towards meeting their stated religious or charitable objectives subject to conditions specified in Income Tax Act

 (Aniruddha Chowdhury/Mint)
High vacancy and vast number of complaints could be some of the reasons behind non-execution of Rera orders. (Photo: Indranil Bhoumik/Mint)
High vacancy and vast number of complaints could be some of the reasons behind non-execution of Rera orders. (Photo: Indranil Bhoumik/Mint)

Aggrieved buyers face another Rera battle

  • Several Rera orders favouring homebuyers have not been executed
  • According to Rera Act, once an order is passed by the authority, it needs to be executed within a fixed timeline

Vinamra Pandiya, 37, has been skydiving regularly since 2012. (Photo: Jithendra M/Mint)
Vande Bharat Express, India's first semi-high speed train. (PTI )
Vande Bharat Express, India's first semi-high speed train. (PTI )

Train 18 for exports after domestic demand is met: Railway official

  • India's first self-propelled (engine-less) Train 18, which was rolled out last year, presently runs between New Delhi and Varanasi
  • The official also said ICF would take up design, development and production of Train 19, a sleeper version of Train 18, in the current year