Gratuity payments to staff are equivalent to 15 days of salary for each year an employee has spent at an organization. (REUTERS)
Gratuity payments to staff are equivalent to 15 days of salary for each year an employee has spent at an organization. (REUTERS)

Central government may cut threshold for gratuity

  • Labour market experts said the five-year threshold is outdated and no longer serves the interest of employees
  • Trade unions claim some firms fire workers before they become eligible for gratuity payments to save on costs

Bill Gates, Co-Chair of Bill & Melinda Gates Foundation. (REUTERS)
Bill Gates, Co-Chair of Bill & Melinda Gates Foundation. (REUTERS)

Bill Gates says US coronavirus testing has ‘mind-blowing’ problems

  • Bill Gates reiterated that he expects the US to largely get through pandemic by end of next year as therapeutics and a vaccine become available.
  • Bill Gates cited long lines at commercial labs and delays in obtaining test results, meaning that 'you pay as much for the late result as the timely result'

Photo: Hemant Mishra/Mint
Photo: Hemant Mishra/Mint
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Market LIVE: Sensex climbs 300 points, Nifty tops 11,300; L&T, M&M top gainers

  • Asian shares started cautiously on Monday as investors kept one eye on flaring tensions between the United States and China and another eye on US fiscal stimulus

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Here is the step by step guide to open an NPS Tier II Account online Photo: HT (HT)
A model of a mask is displayed in the Israeli jewellery company Yvel in Motza near Jerusalem. (AP)
A model of a mask is displayed in the Israeli jewellery company Yvel in Motza near Jerusalem. (AP)

World's most expensive coronavirus mask costs over 10 crore

  • The glitzed-up face mask may lend some pizzazz to the protective gear now mandatory in public spaces in many countries
  • The 18-karat white gold mask will be decorated with 3,600 white and black diamonds and fitted with top-rated N99 filters

Canara Bank latest FD interest rates here. (Mint )
Gold rate today: Prices on MCX moved back above  ₹55,000 per 10 gram

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Mahindra Group chairman Anand Mahindra (MINT_PRINT)
The Supreme Court of India. (Photo: Ramesh Pathania/Mint)
Economists say another round of stimulus following on the earlier  ₹20 trillion is needed. (Mint)
We have increased the speed of our freight trains from 23 km/hr to 46 km/hr. Hence, we are in a position to carry more freight, says Vinod Yadav
The campaign will benefit those policy holders who were not able to pay premiums due to unavoidable circumstances and their policy lapsed.
The campaign will benefit those policy holders who were not able to pay premiums due to unavoidable circumstances and their policy lapsed.

LIC to launch revival campaign for lapsed policies

  • Under this Special Revival Campaign, policies of specific eligible plans can be revived within five years
  • The policyholders will get 20 per cent late fee concession for revival while 25 per cent concession between 1 lakh and 3 lakh

Aramco will update shareholders in due course about the Reliance deal, said CEO Amin Nasser. (Bloomberg)
Photo: iStock
The World Health Organization said all vaccine candidates should go through full stages of testing before being rolled out.
Photo: Reuters
Photo: Reuters

How waiver or fall in rent may impact your tax liability

If a landlord defers payment of some part of rentals, he or she would still have to pay tax

The survey shows that consumers don’t expect an increase in their discretionary spending for the next year. (Mint)
From left: G.V. Ravishankar, managing director, Sequoia Capital India; Harsha Kumar, partner, Lightspeed India; and Subrata Mitra, partner, Accel Partners.
From left: G.V. Ravishankar, managing director, Sequoia Capital India; Harsha Kumar, partner, Lightspeed India; and Subrata Mitra, partner, Accel Partners.

Return of the rumble in the VC jungle

  • There are signs of a V-shaped recovery in venture funds investing in startups. Will the broader economy play ball?
  • Though the global glut in capital is keeping funding taps flowing for now, a higher-than-expected economic contraction could force more startup closures and distress sales

The advertising go-slow comes after Vivo pulled out of IPL 2020 as title sponsor. getty images
The advertising go-slow comes after Vivo pulled out of IPL 2020 as title sponsor. getty images

Chinese brands hold back spending on ads

  • Smartphones are the hottest category with investments of 2,500-2,700 crore annually
  • The advertising go-slow comes after smartphone brand Vivo’s exit from IPL 2020 as the tournament’s title sponsor owing to growing anti-China sentiment

Due to covid‘s effect on firms and the desperation to conserve cash, the growth in the overall NPS sector has remained flat in terms of the number of investors
Due to covid‘s effect on firms and the desperation to conserve cash, the growth in the overall NPS sector has remained flat in terms of the number of investors

Allocation to NPS slows down in June quarter

  • Withdrawal has happened from all sectors, across government and private firms
  • Due to covid‘s effect on firms and the desperation to conserve cash, the growth in the overall NPS sector has remained flat in terms of the number of investors

Passengers in safety gear at the Bengaluru airport.
To attract large mobile phone vendors to India, the country needs to ramp up its manufacturing capacity. (Pradeep Gaur/Mint)
To attract large mobile phone vendors to India, the country needs to ramp up its manufacturing capacity. (Pradeep Gaur/Mint)

Phonemakers in India build capacity  to  tap global orders

  • Lava plans to produce as many as 100 million smartphones annually in the next few years
  • Smartphone makers have already begun investing in expanding capacities and their manufacturing capabilities to move beyond just assembling phones

A file photo of US President Donald Trump. (REUTERS)
A file photo of US President Donald Trump. (REUTERS)

3 risks weighing on emerging markets

  • Donald Trump’s executive actions announced Saturday will likely provide the initial focus for traders.
  • The potential for US-China tensions to escalate further with a planned review of their phase-one trade deal around August15 will probably damp risk appetite

During the inspection, it was found that maximum societies have not even constructed sewage treatment plants.
During the inspection, it was found that maximum societies have not even constructed sewage treatment plants.

Several Noida high-rises without STPs, penalty soon: Noida Authority

Most of these 33 societies are located in Sector 7x area (referring to societies in sectors 74 to 79) and Sector 137 of the city, where the Noida Authority had carried out inspection on August 2 and 8, they said

Boeing 737-800 planes are pictured during assembly. It is used by several airlines, including AI Express, SpiceJet, Vistara. (Bloomberg)
Photo: Mint
(Photo: Mint)
(Photo: Mint)

HNI holdings in Nifty companies soar in Q1

  • By value, HNI holdings in 479 companies was 1.69% or 2.20 trillion in April-June period
  • Market data shows the ownership of HNIs in the companies under review for NSE 500 index was 3.17% by percentage shares in the June quarter compared to 3.09% in the previous three months

Congress president Sonia Gandhi (Photo: PTI)
Prime Minister Narendra Modi (PTI)
Apple's overall market share remains around 2%, since the company still sells most of its phones in the ultra-premium segment.
SBI special FD scheme for senior citizens: A fixed deposit investment under ‘SBI Wecare Deposit’ can be made for a minimum of five years and a maximum of 10 years. (AP)
Harley Davidson Street 750
Coding education startups are building virtual classrooms that can be customized for both one-on-one teaching and group experiences. (Photo: Getty Images)
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