SBI’s Sunny Deol moment ends with Essar Steel cheque in sight

• After 830 days of entering the insolvency process, the Supreme Court ruled in favour of the committee of creditors
• SC asked the promoters to hand over the keys of Essar Steel to winning bidder Arcelor Mittal SA

Glenmark’s decent Q2 numbers may just signal a reversal in its course

• Glenmark’s domestic business grew about 15% year-on-year in Q2FY20
• Revenue grew as some key therapies gained market share, a sign of recovery

PM Modi says ready to discuss all issues with opposition in Parliament

• Modi said that the National Democratic Alliance (NDA) was ready to discuss all issues
• PM said that he had met leaders of many political parties before the session and urged them to discuss issues in the two Houses

How India’s growth bubble fizzled out

• The slowdown is not a short-term disruption. What can replace India’s finance-construction growth model?
• As the finance-led growth model collapses, India must invest in its future. India will need at least a generation to build necessary human capital alongside more productive urban spaces

As markets rally amid a slowing economy, is it time to reallocate?

The market behaviour, in a situation where corporate earnings have been poor and the economic forecast has been weak, raises fears of an asset class bubble. Sunita Abraham spoke to experts to understand how investors should ride out this phase of equity market highs.

My wish is for India to eliminate child malnutrition, says Bill Gates

• 'Malnutrition reduces the potential of kids dramatically, their ability to provide and learn are reduced. It’s like 15 IQ points go away,' said Gates at Mint Visionaries event
• 'We need more investment to tackle malaria,' said Gates in conversation with Wipro Ltd chairman Rishad Premji

Tax dept can scrutinize gift transaction within HUF, so do proper paperwork

• There should not be any tax implications in the hands of the HUF in providing gifts to individual members
• There should be no tax implications on the drawing of interest-free loans by you from the HUF, provided it can be established as a genuine transaction

Here’s how to buy Apple and other foreign stocks

• Having some investments in international stocks can help diversify your portfolio
• If your portfolio is relatively small, the best route to invest in foreign stocks is through a mutual fund registered in India

Centre explores new law to shield global investors

• Move comes after Andhra govt’s controversial plan to scrap renewable energy pacts
• Investors claimed that Andhra Pradesh’s decision could put at risk 5.2GW of solar and wind energy projects

The slowing economy and urban millennials

• The latest YouGov-Mint Millennial Survey aimed to study the choices and outlook of an important demographic group in one of the world’s youngest economies
• The latest survey, conducted between mid-September and mid-October, shows that millennials are more likely to take loans to finance both high-value and lower-value purchases

Neglected and decaying, the original ‘Arthashastra’ may soon be lost forever

• This palm-leaf document is currently housed in Mysuru's cash-strapped Oriental Research Institute
• The Arthashastra is one of the oldest books on governance, military strategy, politics, economics, justice, and the duties of rulers

DHFL’s debt resolution plan hits a roadblock as collections drop

• Scores of debt repayment collection agents have quit in the wake of the crisis at the mortgage lender
• If the DHFL account is declared as fraud-hit, banks will have to set aside 100% of outstanding loans as provisions either in one go or over four quarters

Job outlook bleak among millennials

After recovering in early 2019, job market outlook has nose-dived once again, fresh data from the latest round of the YouGov-Mint Millennial Survey shows

‘Whatever it takes’ policy hasn’t stopped the slump

• Causes of the slump are largely known, but a solution remains a trial-and-error approach
• Economists blame the cash squeeze in NBFC, which was accompanied by a global demand slowdown

Offer income tax benefits on Senior Citizens Savings Scheme, urges SBI Research

• Senior Citizens Savings Scheme currently offers an interest rate of 8.6%
• Senior citizens can deposit a maximum of ₹15 lakh and earn quarterly interest

HDFC Bank sharply cuts fixed deposit (FD) rates. Check latest rates here

• HDFC Bank revised FD rates are effective 16 November
• Senior citizens continue to get 50 basis points higher interest rates than the general public

Railways to alert passengers in case of train delay

• With this new SMS alert facility, railway passengers will be benefited
• With this facility, the location of train, estimated time of reaching the station will be sent to passengers' mobile number

Bengaluru tech gives US, Israeli weapons eyes

• Tonbo’s computer vision technology sits on seekers at the tips of precision missiles and lightweight thermal weapons
• Tonbo set up an R&D centre in Lithuania to develop autonomous vehicles, adding to its presence in India, US and Singapore

Stocks to Watch: RIL, TCS, Bharti Airtel, Tata Steel, Jewellery Firms

• SBI may be in focus today with the Supreme Court’s final verdict coming in for one of the biggest insolvency cases - Essar Steel
• Tata Steel’s long-term rating has been affirmed at BB- by credit ratings agency Standard and Poor’s (S&P)

Sensex edges higher to reclaim 40,500; Bharti Airtel, SBI lead gains

• Other top gainers included RIL, Sun Pharma and ICICI Bank
• On global front, signs of progress in US-China trade deal has improved overall sentiment

Justice Bobde takes oath as next CJI

• Justice Bobde, 63, succeeds Justice Ranjan Gogoi who demitted office on Sunday
• Justice Bobde will have a tenure of around 17 months and would demit office on April 23, 2021

How Oracle Digital Assistant is smarter than Amazon Alexa

• There are a couple of differences between Alexa and Oracle Digital Assistant
• Oracle Digital Assistant provides the platform and tools to easily build AI-powered assistants that connect to your backend applications

A journey to India’s four corners by trucks

• Journalist Rajat Ubhaykar’s truck rides across the country have resulted in a travelogue rich in feeling and insight
• He explains India while describing the young and old men who make up the trucking industry

Petrol prices rise for 5th day, diesel untouched. Check today's rates

• Diesel prices remained constant for the sixth day today even as petrol prices rose by 16 paise
• In Delhi, a litre of petrol costs ₹74.05 a litre and diesel ₹65.79. In Mumbai, petrol costs ₹79.71 and diesel ₹69.01

Ford unveils electric Mustang SUV to take on Tesla. See pics

• The Mustang is Ford’s signature sports car, having sold more than 10 million units since it debuted in 1964
• Ford will continue to make gasoline-fueled versions of the classic muscle car

Jio launches facility to answer landline calls on mobile phones

• Those on the Jio network can use their mobile phones to answer landline calls
• Jio users can also make video calls using their landline phone number

Delhi odd-even scheme: Decision on extension today

• Arvind Kejriwal-led Delhi government had introduced the odd-even scheme on 4th November
• It was introduced to reduce traffic congestion and pollution

Pimco says emerging currencies are near cheapest in two decades

• While Pimco is positive on most Asian emerging currencies, it is less so toward India’s rupee

Samsung charts out new strategy to take on Xiaomi, Huawei

• Samsung Electronics, which shut its last in-house Chinese smartphone factory in October, is quietly moving production of some Galaxy A models to contractors such as Wingtech

Muthoot Finance to buy IDBI Bank’s MF business

• The deal to acquire IDBI Asset Management is expected to close this week
• IDBI Bank, like other lenders burdened with bad loans, is seeking to sell non-core assets

Winter Session of Parliament begins today

• The Winter Session is scheduled to go on till December 13 and will provide a total of 20 sittings spread over a period of 26 days
• Earlier on Sunday, PM Modi attended an all-party meeting, where he said that the government will seek to work together will all parties in a constructive manner

Pay extra tax to buy a house below circle rate

• The buyer will have to pay tax on the difference between the lower market rate and the circle rate, while the seller will have to pay capital gains tax on it
• You need to show the notional gains from transacting below the circle rate when filing your income tax return

Michael Bloomberg apologises for 'stop and frisk' police practice

• Bloomberg's reversal is a notable recognition of the power and importance of black voters in the Democratic Party
• The stop-and-frisk practice gave police wide authority to detain people they suspected of committing a crime

Term plan premiums: A ready reckoner

• A look at premium rates for some insurance policies of a sum assured of 1 crore across three age categories for policy terms of 30, 25 and 20 years
• The claims settlement rate is measured by the value of the policies as a lower settlement rate is indicative of high ticket-size policies being rejected

Home policy covers accidental damage

• If the damage to the walls is due to plumbing issues, which occurred over time due to lack of maintenance, then such damages would not be covered
• As per a thumb rule, the sum assured should be at least 10 times your annual income

Recoveries from Essar Steel to boost SBI’s profit: Rajnish Kumar

• Kumar spoke to business news channel CNBC TV18 after the Supreme Court on Friday gave its verdict in favour of committee of creditors decision
• With its judgment, the apex court also ended an over two-year long legal battle to acquire Essar Steel.

RCom shares hit 52-week low after Anil Ambani quits as chairman

• Chhaya Virani, Ryna Karani, Manjari Kacker and Suresh Rangachar are the four directors who have tendered their resignation
• Reliance Communications shaares touched their 52-week low of ₹0.57

Sony announces Android 10 roadmap for 8 smartphones

• Sony Xperia 1 and Xperia 5 will be the first set of devices to taste the latest iteration of Android, the company said in a statement recently
• Android 10 the latest version of Google's mobile operating system, has been available for over 2 months now

Car loan comparison: Interest rate, EMI, processing fee

• Do your homework and get rates from more than one lender before taking a car loan
• Use this information to bargain further and make a smart choice

Why economic growth can’t be taken  for granted

GDP growth forecasts are being revised downwards. On Saturday, the NCAER cut its forecast for 2019-20 to 4.9%. Mint takes a look at what is happening

Planning a Leh-Ladakh tour in winter? Diesel freezing will not be an issue

• Indian Oil has started the supply of a new type of diesel which will not freeze even if the temperatures drop as low as -33 degree C
• Tourists and locals in high-altitude areas of Ladakh, Kargil, Kaza and Keylong face the problem of freezing of diesel

'Make in India' hub Noida to churn over 30 crore mobiles in 5 years

• In 2014, India had just two mobile phone manufacturing units. Due to the "Make in India" push, the country now has 268 mobile handset and accessories manufacturing units
• During 2018-19, India saw the production of 29 crore units and the bulk of the production came from the Noida-Greater Noida region

India needs explosive pace of technological growth: Amitabh Kant

• Kant says India is witnessing a radical transformation by sheer use of technology, which includes the use of biometrics, driven Aadhaar as well as mobile
• Niti Aayog CEO also says data will fuel change in India and enable startups to use them to spearhead change

CJI Ranjan Gogoi: The man and his legacy

• Chief Justice of India Ranjan Gogoi demits office on 17 November
• As the head of administration of the Supreme court, Gogoi also passed orders on making available the top court’s judgments in seven languages including English and Hindi

Why gold prices have fallen ₹2,000 per 10 gram in two months

• Optimism about a possible US-China trade deal, rising equity markets and the US Fed's signal of a pause in the current easing cycle have put pressure on gold prices
• Investors have also turned cautious, awaiting outcome of US-China trade talks