Smoke seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia on Saturday. (Photo: Reuters)
Smoke seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia on Saturday. (Photo: Reuters)

Oil prices jump the highest ever after attack cuts Saudi Arabian supplies

  • Brent jumped more than 19% on ICE Futures Europe to $71.95 a barrel, its biggest gain in percentage terms since 1991
  • Gold, the yen and Treasuries also surged on concern over the geopolitical fallout from the attacks

(Source; Tracxn)
PNB Housing Finance was set up in 1988 as a deposit-taking housing finance company by state-run PNB
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Revenue pressures, profiteering fears prompt state governments to question union govt's move to cut GST rates (Photo: PTI)
Revenue pressures, profiteering fears prompt state governments to question union govt's move to cut GST rates (Photo: PTI)

States wary of any move to reduce GST rates

  • Opposition from some states may make it tough for the Centre to respond to automakers’ pleas for tax cuts
  • Some states cited revenue shortfall for opposing a move to cut GST rates

Anand Mahindra, chairman Mahindra & Mahindra (M&M). (Mint)
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Sales of pre-owned cars are estimated to increase to as many as 4.4 mn units this fiscal from 4 mn in the previous fiscal, according to Mahindra First Choice Wheels (Photo: HT)
Sales of pre-owned cars are estimated to increase to as many as 4.4 mn units this fiscal from 4 mn in the previous fiscal, according to Mahindra First Choice Wheels (Photo: HT)

Amid a sharp auto slowdown, small towns drive up sales of used cars

  • Sales of used cars are estimated to rise to as many as 4.4 million units this fiscal from 4 million in the previous fiscal
  • Car resellers expect the surge in sales of used cars to continue due to new regulations and changing consumer tastes.

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Maruti’s wholesales, or factory dispatches, in August fell 36% year-on-year to 94,728 units. This is the third time the company sold less than 100,000 vehicles in a month since July 2017.ramesh pathania/mint
Maruti’s wholesales, or factory dispatches, in August fell 36% year-on-year to 94,728 units. This is the third time the company sold less than 100,000 vehicles in a month since July 2017.ramesh pathania/mint

Maruti offers discounts to revive demand during festive season

  • India’s largest passenger vehicle maker is also urging commercial banks to lower rates on vehicle loans
  • Maruti is currently offering discounts ranging from 40,000 to 100,000 on its vehicles

Commerce ministry officials also feel that if India has to sign the deal.
Long Reads
There is speculation that US President Donald Trump could join Prime Minister Narendra Modi at the ‘Howdy Modi’ event to be organized in Houston, Texas on 22 September. Reuters
There is speculation that US President Donald Trump could join Prime Minister Narendra Modi at the ‘Howdy Modi’ event to be organized in Houston, Texas on 22 September. Reuters

Energy deals, address to UNGA on PM’s agenda during US visit

  • Several meetings are lined up on the sidelines of the UN General Assembly, before he addresses it on 27 Sep
  • PM Modi is scheduled to meet top representatives of the US energy sector in Houston

Prime Minister Narendra Modi. (Photo: ANI)
Prime Minister Narendra Modi. (Photo: ANI)

Opinion | The other difficult things Modi should make us all do

Narendra Modi is a different sort of leader, one who’s so popular that only he can reform us

Plain Facts
Pakistan's Prime Minister Imran Khan (Photo: Reuters)
Pakistan's Prime Minister Imran Khan (Photo: Reuters)

Pakistan could lose conventional war with India: Imran Khan

  • Khan ruled out the possibility of dialogue with India in the aftermath of the country's decision to abrogate Article 370, which gave special status to J&K
  • He told Al Jazeera that a war could be consequential considering the two neighbouring countries are nuclear-armed

The backtracking on the new norms for traffic violations by various states is inexplicable given that these are designed to contain the rising incidence of road fatalities. (HT)
The iPhone 11 will be available on 27 September, with the cheapest model available around  ₹65,000
The iPhone 11 will be available on 27 September, with the cheapest model available around 65,000

The new iPhone is cheaper. Should you EMI it?

  • Easy-to-get EMI options may lure you but opt for them to buy the new iPhone only if you are sure of future revenue streams, given the slowdown
  • It is a good idea to understand the full cost of the loan and the phone before you buy the new iPhone

At the Forge incubator in Coimbatore, startups pitch to military personnel as well as learn first-hand about soldiers’ requirements on the field.
At the Forge incubator in Coimbatore, startups pitch to military personnel as well as learn first-hand about soldiers’ requirements on the field.

Defence ministry takes a shot at the startup game

  • More than 40 private tech firms are helping the government build underwater drones, see-through armour and more
  • There are vast gaps to fill. The startup world has little understanding of how the government functions. The reverse is true as well

Gold, silver price today: On MCX, gold traded above  ₹38,000 per 10 grams and silver near  ₹47,000 per kg.
USD-INR rate today: The rupee fell to 71.42 a dollar
The new Motor Vehicles Act has enhanced the penalties for traffic violations and erring drivers. (PTI)
Diesel was selling at  ₹65.28 a litre in Delhi,  ₹68.46 in Mumbai,  ₹68.99 in Chennai and  ₹67.69 in Kolkata.
Diesel was selling at 65.28 a litre in Delhi, 68.46 in Mumbai, 68.99 in Chennai and 67.69 in Kolkata.

Petrol, diesel prices likely to increase after Saudi oil attacks

  • In one of the biggest one-day leap in recent times, Brent crude oil soared almost 20% at one point today
  • A litre of petrol was selling at 71.89 in Delhi, 77.57 in Mumbai, 74.70 in Chennai, 74.62 in Kolkata

US President Donald Trump. (Reuters)
US President Donald Trump. (Reuters)

Opinion | Trump’s U-turn on the Taliban is good for India and the world

If the US-Taliban deal had gone through, it would have invigorated jihadists across the planet

Professor Vikrant Racherla (left), who led the R&D team that built Deshla, with IIT Kharagpur director Sriman Bhattacharyya.
Meanwhile, the labour minister Sunday said that the youth are not outraged because of his statements and blamed Congress for creating an issue Photo: Pradeep Gaur/Mint
Meanwhile, the labour minister Sunday said that the youth are not outraged because of his statements and blamed Congress for creating an issue Photo: Pradeep Gaur/Mint

Labour minister Gangwar says ‘no shortage of jobs’, sparks political criticism

  • 'Recruiters who visit north India complain of facing dearth of quality people for the posts they need to fill,' said Gangwar on Saturday
  • Congress leader Priyanka Gandhi Vadra said the govt was trying to escape blame for the job losses due to economic slowdown by such 'insulting' comments

HDFC Bank latest FD rates: This is the second revision by the bank in a span of less than 15 days. (HT)
The disinvestment proceeds will help the Centre invest  ₹100 trillion over the next five years to boost India’s infrastructure. Photo: Indranil Bhoumik/Mint
The disinvestment proceeds will help the Centre invest 100 trillion over the next five years to boost India’s infrastructure. Photo: Indranil Bhoumik/Mint

NHPC to monetise 10 hydropower projects to help meet disinvestment target

  • 'NHPC will be shortly appointing a consultant for the advisory study that has to be submitted by September end,' said a government official
  • NHPC posted a net profit of 2631 crore on a revenue of 8161 crore in 2018-19

You should buy a term cover of at least 10 times your annual income. (Photo: iStock)
You should buy a term cover of at least 10 times your annual income. (Photo: iStock)

Returns are usually low in endowment plans

  • When you take the policy, you must declare the pre-existing conditions; in your daughter’s case, you should declare that she suffers from asthma
  • The number of diseases that are restricted to a specific amount and the amount itself can be customized

Apple iPhone XR received the biggest price cut. Photo: AP (AP)
SBI zero balance savings account fetch the same rate of interest as applicable to any other savings bank account. Photo: Mint
Typically, it takes about 15 days to carry out the verifications and process a home loan application. (Photo: iStock)
Typically, it takes about 15 days to carry out the verifications and process a home loan application. (Photo: iStock)

Soon, you will be able to track your loan application status online

  • Given the complexity and the long process involved before a loan is sanctioned, tracking its status can help you save time and plan your next course of action accordingly
  • Some lending institutions already have a loan application tracking facility on their websites, but the service is limited to few specific type of loan applications

FM Sitharaman said the existing schemes for refund of duties and taxes to exporters will continue till the end of this year (Photo: Ramesh Pathania/Mint)
FM Sitharaman said the existing schemes for refund of duties and taxes to exporters will continue till the end of this year (Photo: Ramesh Pathania/Mint)

Modi govt seeks to lift housing market, exports to arrest economic downturn

  • Sitharaman announced a host of steps to support housing and export sectors in a bid to create more jobs and to reverse an economic downturn
  • The measures announced, include easing of foreign borrowing norms to facilitate low cost funds for affordable housing, overhaul of tax refund schemes for exporters, priority sector tag for export credit

Smoke is seen following a fire at an Aramco factory in Abqaiq, Saudi Arabia on Saturday,  (Photo: Reuters)
A drone policy 2.0 is being worked out to open up the use of UAVs to carry payloads by businesses. (Photo: Reuters)
A drone policy 2.0 is being worked out to open up the use of UAVs to carry payloads by businesses. (Photo: Reuters)

Is India prepared to deal with drone-based terrorist attacks?

  • Under the new regulations, every UAV that weighs above 250g and can fly over an altitude of 50 feet has to be registered and regulated through an online platform called Digital Sky
  • Experts feel that the govt should first try to have some kind of an anti drone system in place physically in the sky which can shoot or bring down rogue drones quickly

Adam Neumann (centre), WeWork co-founder. The firm may seek less than half of the USD 47-billion valuation it fetched in January in a funding round (Photo: AP)
Adam Neumann (centre), WeWork co-founder. The firm may seek less than half of the USD 47-billion valuation it fetched in January in a funding round (Photo: AP)

India’s unicorns find exit doors blocked

The hype is gone with the dramatic fall in valuations of WeWork and Uber. How would that impact India’s startups?

While metro rail networks may ease road traffic woes to some extent, the efficiency of investments in them remain a matter of debate. (Ramesh Pathania/Mint)
While metro rail networks may ease road traffic woes to some extent, the efficiency of investments in them remain a matter of debate. (Ramesh Pathania/Mint)

India’s public transport challenge

An effective mass transit system for India’s large urban agglomerations can flourish only with adequate financing of buses, metros, and suburban rail

Riot Police officers block an entrance to Causeway Bay station in Hong Kong (Photo: Reuters)
You could consider buying sachet plans if you already have significant health, life and accident covers
Union Finance Minister Nirmala Sitharaman (Photo: ANI)
Union Finance Minister Nirmala Sitharaman (Photo: ANI)

Opinion | Spanner removal

A 20,000-crore package for housing, half funded by the Centre, is expected to rescue affordable housing projects that haven’t yet gone bust

NPS is a market linked, defined-contribution product that needs you to invest regularly in the funds of your choice
NPS is a market linked, defined-contribution product that needs you to invest regularly in the funds of your choice

How your investments in NPS are faring

  • There are eight pension fund managers to choose from and one of the ways to choose your fund manager is by tracking the returns
  • Here is a breakdown of the performance of different funds of the private sector NPS

If Indian companies are not borrowing and investing, that basically means they are not confident about India’s economic future
If Indian companies are not borrowing and investing, that basically means they are not confident about India’s economic future

Why companies have stopped fresh investments

  • In the past two quarters, the investment part of GDP grew just 3.6% and 4%, respectively, in real terms. The ‘twin balance sheet’ problem faced by banks and corporates is often attributed for the slow growth in investment
  • But data shows that is not the case. Mint takes a look

In the ITR forms issued for FY2018-19, the US assignment salary would need to be shown in the “salary schedule” and “schedule of foreign assets as per the prescribed instructions in this regard (Photo: iStock)
In the ITR forms issued for FY2018-19, the US assignment salary would need to be shown in the “salary schedule” and “schedule of foreign assets as per the prescribed instructions in this regard (Photo: iStock)

Salary received abroad by ‘resident and ordinary resident’ is taxable in India

You may evaluate claiming foreign tax credits under the India-US Double Tax Avoidance Agreement, for the taxes, if any, paid in the US on the salary received during the assignment, subject to satisfaction of conditions

If you take a car loan for a short duration, the EMIs will be heavy and non-payment will mean a blot on your credit report. (Photo: iStock)
If you take a car loan for a short duration, the EMIs will be heavy and non-payment will mean a blot on your credit report. (Photo: iStock)

Car loan compared: Interest rate, EMI, processing fee

  • A loan for longer may mean smaller EMIs, which makes the car seem more affordable, but overall, you pay more as interest
  • Don’t forget that a car is a depreciating asset, so taking a bigger loan may not be the best thing to do

A more responsive interest rate system means the customers will get to see the financial trends reflecting in their loan accounts much faster
A more responsive interest rate system means the customers will get to see the financial trends reflecting in their loan accounts much faster

Will banks offering repo-linked rates impact NBFCs and HFCs?

  • The RBI has mandated banks to link their lending rates to an external benchmark like the repo rate to ensure faster transmission of policy rate changes to customers.
  • Nilanjana Chakraborty asks experts how partial implementation will impact these companies and their customers, and whether it will lead to new borrowers naturally gravitating towards banks now

The Indian Air Force has signed an over  ₹250 crore contract with Israel with Mark 84 warhead and bombs which can destroy buildings completely. (ANI )
The Indian Air Force has signed an over 250 crore contract with Israel with Mark 84 warhead and bombs which can destroy buildings completely. (ANI )

Indian Air Force receives Spice-2000 'building blaster' buster bombs

  • The Indian Air Force has signed an over 250 crore contract with Israel with Mark 84 warhead and bombs which can destroy buildings completely
  • During the Balakot strikes, the Air Force had dropped Spice-2000 bombs from Mirage-2000 fighter aircraft

UP chief minister Yogi Adityanath. Photo: Raj K. Raj/HT (Raj K. Raj/HT)
UP chief minister Yogi Adityanath. Photo: Raj K. Raj/HT (Raj K. Raj/HT)

Association with IIM-Lucknow will help UP become $1 trillion economy: Adityanath

  • For the second consecutive Sunday, Chief Minister Adityanath, all ministers of his government and IAS officer of the Secretary rank attended a day-long session on leadership development in IIM Lucknow
  • This was the second of the three-part programme that the ministers and bureaucrats are attending to learn management skills

Ayushi Gudwani
(Photo: Bloomberg)
Under the 'Festival of Cars' campaign, Tata is also offering cash benefits for the new customers (Tata Motors)
Some companies even saw the foreign investors lowering there bets on them over a period of time (Photo: Bloomberg)
Some companies even saw the foreign investors lowering there bets on them over a period of time (Photo: Bloomberg)

Here are stocks investors avoided in 2019 so far, even at rock bottom pricing

  • Traders have resorted to panic selling, often at rates even less than a rupee, some over reports of allegations of fraud and others over poor corporate governance
  • Cox & Kings turned out to be the biggest wealth destroyers

The incident took place in the evening, following which the train was halted for a precautionary check. (Ramesh Pathania/Mint)
The incident took place in the evening, following which the train was halted for a precautionary check. (Ramesh Pathania/Mint)

Chinese manjha hits overhead power line of Delhi Metro; services hit

  • The incident took place in the evening, following which the train was halted for a precautionary check
  • The Red Line connects Rithala in Delhi to Shahid Sthal (New Bus Adda) in Ghaziabad

Australia's Steve Smith hits a four.  (Reuters)
Aramco lost about 5.7 million barrels per day of output after 10 unmanned aerial vehicles on Saturday struck the world’s biggest crude-processing facility in Abqaiq
Aramco lost about 5.7 million barrels per day of output after 10 unmanned aerial vehicles on Saturday struck the world’s biggest crude-processing facility in Abqaiq

Aramco tells Indian refiner it will get oil: Report

  • Aramco said it will deliver crude to Indian refinery from other sources and had adequate inventory
  • Aramco has lost half of its production capacity after attacks on its facilities on Saturday

In the fund,  ₹10,000 crore will be contributed by the central government and roughly the same amount will come from outside investors (Mint )
In the fund, 10,000 crore will be contributed by the central government and roughly the same amount will come from outside investors (Mint )

Disappointed with govt's measures to boost real estate: CREDAI

  • CREDAI President Satish Magar termed the government's announcement as 'half-hearted attempt' to revive the ailing real estate sector
  • The Credai Chairman said the government should remove the unit price cap of 45 lakh for availing the additional deduction of 1.5 lakh on home loan interest

The new menu will be also cost effective, the airline said (Photo: Abhijit Bhatlekar/Mint)
Haryana chief minister Manohar Lal Khattar (Photo: Ramesh Pathania/Mint)
Haryana chief minister Manohar Lal Khattar (Photo: Ramesh Pathania/Mint)

Will implement NRC in Haryana, says Khattar

  • On August 31, the final NRC in Assam was released, leaving out 19 lakh people
  • Several political parties, including the BJP in the northeastern state, have voiced their dissatisfaction with the final document

An Air India spokesperson told PTI, 'We are introducing healthy special meals for all crew'. (Mint)
An Air India spokesperson told PTI, 'We are introducing healthy special meals for all crew'. (Mint)

Tinda Masala to Palak Matar Bhurji: Air India's low-fat meals

  • In 2018-19, Air India incurred losses of around 7,600 crore
  • An Air India spokesperson told PTI, 'We are introducing healthy special meals for all crew'

Jammu & Kashmir Governor Satya Pal Malik (Photo: PTI)
Jammu & Kashmir Governor Satya Pal Malik (Photo: PTI)

PM asked me to make J&K shine so that people of PoK want to come here: Malik

  • The J&K Governor said that the Centre was eager to help the people of the region and urged them to come forward with their demands
  • The Central government has given J&K 8 medical colleges this year alone, which is more than what has been given to any other state in the country, says Malik

According to police, people are not really aware about the purpose of the helpline and make unnecessary requests (Photo: Bloomberg)
According to police, people are not really aware about the purpose of the helpline and make unnecessary requests (Photo: Bloomberg)

80% requests on Delhi railway police helpline are about pizza, mobile recharge

  • The Delhi Railway Police Control Room receives 200 phone calls on an average on its 1512 helpline daily
  • Passengers either request the staff to get eatables such as pizzas and burgers delivered to them or enquire about railway jobs, police said on Sunday