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RIL chairman and managing director Mukesh Ambani. (Photo: Mint)
Indian goods producers reported a healthy inflow of new orders in February. (Photo: Bloomberg)
Stock Market Opening: Benchmark equity indices recovered from the volatility seen last week, as bond markets calmed down. (ANI Photo)
Stock Market Opening: Benchmark equity indices recovered from the volatility seen last week, as bond markets calmed down. (ANI Photo)
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Market LIVE Updates: HDFC twins, Infosys lift Sensex by 700 pts; Nifty up 1.53%

  • Share Market LIVE Updates: The Sensex climbed more than 400 points, while the Nifty hovered near the 14,700 mark as auto stocks the led market rally. ONGC, Power Grid, Titan and Asian Paints lead, while Bharti Airtel was, 3 others are in red.

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Telecom major Reliance Jio has announced Jio Phone 2021 offer which provides for a new phone along with three new plans. (Photo: Mint)
Telecom major Reliance Jio has announced Jio Phone 2021 offer which provides for a new phone along with three new plans. (Photo: Mint)

Jio's new offer won't impact Bharti Airtel, Vodafone Idea much, say analysts

  • The three-year lock-in period for Jio's existing users of JioPhone is coming to an end. So, analysts believe that the new offer is aimed at retaining Jio's 2G subscribers base. They, however, don't see this weighing heavily on rivals Bharti Airtel Ltd and Vodafone Idea Ltd

PM Modi poses with the nurses from AIIMS who administered him the first dose of Bharat Biotech's Covaxin today.
Women gather at a village fair in Morigaon district of Assam. The microfinance saga in the state has become inextricably linked with women borrowers (Getty)
Women gather at a village fair in Morigaon district of Assam. The microfinance saga in the state has become inextricably linked with women borrowers (Getty)

Assam shakes up the micro loans universe

  • An attempt to rein in MFIs in the state on the eve of elections could finally force RBI to change the rules
  • Experts have pointed out that people in northeastern states are more consumerist, happy to take loans when it is easily available to spend on conspicuous consumption.

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Money manager Robert Marshall-Lee continued to buy Indian stocks even when the Modi govt’s decision to withdraw high-value bank notes spurred a selloff last November. Photo: Hemant Mishra/Mint
Money manager Robert Marshall-Lee continued to buy Indian stocks even when the Modi govt’s decision to withdraw high-value bank notes spurred a selloff last November. Photo: Hemant Mishra/Mint

What are discretionary expenses?

  • In case of a job loss or a pay cut when there is a tough time going on and you have to meet out your routine expenses by cutting back on certain expenditures, you have to then first identify the discretionary expense.

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