2000 Indian rupee banknotes. (Reuters)
Inside ByteDance headquarters in Beijing (Photo: Bloomberg)
Fuel retailers are looking to pass on the higher cost of producing BS VI-compliant fuel to customers (Photo: Ramesh Pathania/Mint)
New Delhi has denied that Jadhav had any linkages to India’s intelligence or security agencies. Photo: AP
This comes in the backdrop of a power sector package, comprising a new tariff policy and structural reforms, being in the offing. (Priyanka Parashar/Mint)
This comes in the backdrop of a power sector package, comprising a new tariff policy and structural reforms, being in the offing. (Priyanka Parashar/Mint)

India plans to change all electricity meters to prepaid smart meters by 2022

  • The plan comes at a time when the new government is trying to step up its efforts to supply 24x7 power to all
  • The government believes that the plan will increase distribution substation capacity by 38% by 2022

Mark to Market
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IndiGo Blues : When partners clash

The dispute over corporate governance between Rakesh Gangwal and Rahul Bhatia, the two co-founders of IndiGo Airlines, only gets more bitter by the day with letter-bombs being dropped by the warring promoters. There are questions now raised on what is the way forward at the airline, what messaging does it send out to institutional investors and also what remains the role of regulator in an imbroglio like this. In a video discussion with Shrija Agrawal, Associate Editor, Mint; Tarun Bhatia, MD & Head of South Asia, Kroll and Amit Tandon, MD and head of proxy advisory firm, Institutional Investor Advisory Services India Limited (IiAS) discuss such questions and more.

Vistara flights (Reuters)

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Azim Premji’s principled approach towards norms and ethics, and attention to detail, transformed Western India Vegetable Products into Wipro, one of India’s top software exporters (Photo: Mint)
Azim Premji’s principled approach towards norms and ethics, and attention to detail, transformed Western India Vegetable Products into Wipro, one of India’s top software exporters (Photo: Mint)

Best yet to come, says Azim Premji at last AGM as Wipro chief

  • The mood at Wipro’s 73rd AGM was sombre. But Premji went about the proceedings clinically
  • Premji will pass the baton over to his son Rishad in July-end after leading the charge at the company for over five decades

Long Reads
If Boris Johnson becomes PM, he will assume leadership at a time when the old model of leadership in the UK lies exposed and a new one is yet to be born (Photo: Getty Images)

Boris Johnson: An unsuitable boy

11 min read . 16 Jul 2019
Richard Branson, president, Virgin Atlantic (Photo: Mint)

Business dreams powering a lunar race

9 min read . 16 Jul 2019
Then CEO and MD of Ranbaxy Malvinder Mohan Singh (left) with then president and CEO of Daiichi Sankyo Takashi Shoda during the merger announcement in June 2008 (Photo: AFP)

How Ranbaxy hurtled towards a meltdown

11 min read . 11 Jul 2019
ITR Filing
Plain Facts
Joseph Landy of Warburg Pincus. Photo: Bloomberg
RBI’s monetary policy committee will meet from 6-7 August (Photo: Ramesh Pathania/Mint)
Photo: iStock
Photo: iStock
Photo: iStock

Retail investors can also participate in the primary market issues of G-secs

  • The securities are issued through competitive bidding in auctions conducted by RBI and the participants include banks, primary dealers and other institutions
  • To facilitate and encourage retail participation in these auctions, 5% of the notified amount in each auction is reserved for retail investors through a non-competitive bidding process

US President Donald Trump. Photo: Bloomberg
So far this year bond yield has fallen over 100 basis points.
Anand Mahindra is also known for his witty replies on Twitter. (   @anandmahindra)
Google pulled its search engine from mainland China in 2010 (Reuters)
S.N. Subrahmanyan, CEO and managing director of L&T. (Photo: Aniruddha Chowdhury/Mint)
Procol, short for Procurement Protocol, was founded by Gaurav Baheti and Sumit Mendiratta. (Photo: Reuters)
Minorities remain under-represented in key institutions across India, suggests a new study. (Photo: PTI)
Minorities remain under-represented in key institutions across India, suggests a new study. (Photo: PTI)

Indian democracy’s power-sharing problem

  • This power-sharing among the different groups, though, has not happened in India, suggests a study by Katharine Adeney and Wilfried Swenden
  • To show this, the authors analyse different political and administrative institutions in India

Photo: Mint
 (Paras Jain/Mint )
(Photo: AFP)
For every empty seat in a plane, an airline takes a hit on its profitability or what is called the ‘yield’.
The reaction to the surcharge increase has been mixed. (iStock)
Air India, which is surviving on a  ₹30,000 crore taxpayer-funded bailout, has failed to maintain its dominance in Indian skies. (Photo: Reuters)
Air India, which is surviving on a 30,000 crore taxpayer-funded bailout, has failed to maintain its dominance in Indian skies. (Photo: Reuters)

Government to invite expressions of interest for Air India by August

  • Govt will conduct road shows and is open to meet prospective buyers before the expressions of interest are sought
  • The plan is being prepared after the government’s attempt to partially exit the carrier failed to attract any bidder last year

DHFL was in talks to sell its retail and wholesale loan portfolio and was in the final stages of completing a deal. (Reuters )
DHFL was in talks to sell its retail and wholesale loan portfolio and was in the final stages of completing a deal. (Reuters )

Lenders to DHFL ready for haircut in rescue

  • Any rescue package will require regulatory approvals and needs the backing from debtholders
  • DHFL's plight underscores growing financial sector stress as state banks grapple with nearly $150 billion of bad debt

Rakesh Gangwal (File photo: HT)
istockphoto
Indus Towers’ plans come at a time the Union government is aggressively looking to increase the sale of EVs (Photo: Pradeep Gaur/Mint)
Indus Towers’ plans come at a time the Union government is aggressively looking to increase the sale of EVs (Photo: Pradeep Gaur/Mint)

Indus plans to host EV charging units across its vast network of telecom towers

  • The move will let Indus secure a unique revenue stream outside the traditional model of renting towers to phone firms
  • The move will allow the company to secure a unique revenue stream outside the traditional model of renting out its towers to mobile phone operators

Jet Airways has not flown since 18 April because of funding woes. (Photo: Mint)
Improving subsidy delivery and schemes for financial inclusion are very effective ways of addressing income inequality. Taxation is just one of the several instruments. (Mint )
Improving subsidy delivery and schemes for financial inclusion are very effective ways of addressing income inequality. Taxation is just one of the several instruments. (Mint )

Progressive taxation will help bring down income inequality

  • The govt’s focus on rationalizing corporate tax rate is the need of the hour for Indian economy
  • In a dynamic economy, some sectors may need to be incentivised.

Simultaneously, you can also make your Will whereby you can bequeath the remaining 75% undivided right, title and interest in the property in favour of your friend. (Priyanka Parashar/Mint)
Simultaneously, you can also make your Will whereby you can bequeath the remaining 75% undivided right, title and interest in the property in favour of your friend. (Priyanka Parashar/Mint)

You can transfer right of undivided house

  • You can transfer a certain percentage, say, 25% undivided right, title and interest in the property in favour of your friend by way of a gift
  • This will safeguard your interest of protecting the property from your relatives

(Photo: ANI)
Budget proposals to enhance statutory limit of FPI investments up to FDI sectoral norms are well intended. (PTI)
Party leaders are also wary of the crisis facing the central leadership, which they say may make matters worse in other states, too. (Burhaan Kinu/HT)
Party leaders are also wary of the crisis facing the central leadership, which they say may make matters worse in other states, too. (Burhaan Kinu/HT)

In downward spiral, Congress faces crises across states

  • Party faces defections, turf wars across Karnataka, Goa, Telangana, Delhi and Punjab
  • The crisis since Rahul Gandhi’s resignation began with 12 of its 19 Telangana MLAs merging with the TRS

If Sebi's latest measures are hurting mutual funds, they have only themselves to blame for going out of line in the first place. (AFP)
If Sebi's latest measures are hurting mutual funds, they have only themselves to blame for going out of line in the first place. (AFP)

Debt mutual funds also need a ‘Sahi Hai’ moment

  • The key risks associated with debt funds include interest rate risk, credit risk and liquidity risk
  • Interest rate risk is triggered due to change in interest rates which generally has an inverse correlation to returns

Photo: HT
Photo: HT

Opinion | The 1969 bank nationalization did India more harm than good

It was the pivot of a political economy strategy of the 1970s—when economic growth barely outpaced population growth

The addressable market for recreational genetic tests is 500,000, according to the Indian Council of Medical Research.  (Bloomberg)
Oyo pegs co-working spaces to be a $20 billion business opportunity in India by 2020.
Telangana Congress chief Uttam Kumar Reddy.
Photo: Mint
Adani is also issuing new bonds of at least $650 mn, the proceeds of which will be used for buyback of the bonds due in 2020. (AFP)
 (Photo: Ramesh Pathania/Mint)
(Photo: Ramesh Pathania/Mint)

Opinion | Why is government trying to kill off hedge funds?

So much of private wealth is trapped in gold that any more will be a colossal social waste

Photo: ANI
Raj Khosla, founder and MD, MyMoneyMantra.
 Dealer inventory, too, rose from 45-50 days in May to 60-65 days in June. (Bloomberg)