SC on Essar Steel: CoC decision final; ruling clears way for ArcelorMittal

• Supreme Court decision overrules NCLAT’s July 5 judgment
• The case was admitted to NCLT in August 2017 for insolvency proceedings after it was identified by the Reserve Bank of India in its first list of 12 big loan defaulters

Why investors are taking a $4.8 bn blow to Bharti Airtel in their stride

• Bharti Airtel has provided for a liability of ₹34,260 cr ($4.8 bn), in keeping with the court order
• Investors are pricing in higher market share gains from Vodafone Idea, if no relief is provided

Vodafone’s India venture pleads for relief after $7 billion loss

• Vodafone Idea Ltd. took a one-time charge that led to a net loss of ₹50,900 crore loss in the three months through September

Sensex rises 300 points, Bharti Airtel shares surge 7%

• Most Asian markets are higher today
• SBI, Tata Motors, ICICI Bank, M&M, HUL and RIL

Parliament likely to exert greater scrutiny over functioning of RBI

The parliamentary panel is proposing to examine the quality of supervision and oversight of financial institutions, inflation targeting guidelines and monetary transmission, and a performance appraisal of the banking system

5 tips to protect savings in times of inflation

Mint lists five ways to protect yourself from inflation

Axis Small Cap fund outperforms in last one year. But is that enough?

• Most of the funds in the small cap category are in negative territory over this period
• Going by one year's track record, the fund's outperformance looks impressive, but investors shouldn't lose sight of the fact that equities are long term vehicle of investments

Indians are buying more properties in London says a Knight Frank report

• There are various reasons why Indian home buyers are considering London to buy properties
• There are many people who buy real estate abroad for investment

Stocks to Watch: Bharti Airtel, Vedanta, Vodafone Idea, IOC, RIL, Fortis

• Shares of IOC will be in focus as the government is planning to reduce stake in the firm below 51%
• Vodafone Idea and Bharti Airtel posted quarterly loss of ₹50,922 crore and 23,045 crore respectively on Thursday

Why competition in telecom is key to the digital India dream

• Telcos are key to India reaching its $5 tn GDP goal by 2024, but lack of govt aid may hit the larger digital value chain
• Committee of secretaries set up to suggest measures to alleviate financial stress in the sector

Ujjivan Small Finance Bank raises capital in pre-IPO round

• IIFL funds, Enam’s Bhanshali, Avendus PE fund lead `250 cr round
• Ujjivan Small Finance Bank’s shares were allotted to investors at the rate of ₹35 apiece

Opinion | Asia’s miracle economies have lessons for India’s trade policy

The country must identify strategic growth sectors and companies and then push them to achieve global competitiveness

Despite their flaws, affordable wearables gain steam in India

• If you take your fitness ultra seriously, you will have to move to more accurate equipment
• Fitness-based wearables are finding favour with users in India who want to get in shape and make walking and running a part of their everyday lifestyle

Odd-Even scheme ends today, decision on extension on Monday

• A decision on extending the odd-even scheme in Delhi will be taken on Monday, says Arvind Kejriwal
• In an attempt to tackle pollution, the odd-even scheme began in the national capital on November 4

Flipkart acquisition continues to hit Walmart International

• As expected, the inclusion of Flipkart negatively affected operating income, Walmart said
• The inclusion of Flipkart and strength in Walmex and China were partially offset by softness in the UK

Gold prices fall sharply today, rates now down ₹2,000 per 10 gram in 2 months

• Gold rates have been choppy in recent days
• Silver prices have also fallen fallen sharply today

Rohan Murty to get married next month

• As the only son, Rohan Murty, holds substantial number of shares of Infosys along with his parents
• Rohan's net worth is estimated to be $500 million

Fallout of Softbank’s big reality check

• The Japanese giant’s woes will have an impact on the global startup ecosystem. We take a look at its India portfolio
• SoftBank is a large investor in 9 unicorns—out of 20 firms that became unicorns in the past 5 years — with its most valuable holdings being Oyo, Ola, Paytm. But investments have slowed

SC ruling ends Indian Air Force’s 12-year wait for a ‘game changer’

• The IAF has been looking forward to inducting the French-made planes to bolster its fast-depleting fleet
• India is the fourth country after France, Egypt and Qatar to fly the Rafale produced by Dassault Aviation SA

India-China trade panel to meet soon

• Hu and Sitharaman could explore an ‘auto-trigger’ mechanism to check import surges from China
• If the two Asian giants manage to reach common ground, it could provide India with the opportunity to negotiate its terms with the 16-member trade block

Businesses to get more time to file GST annual returns

• The new due date for filing the annual return called GST return form 9 and a statement based on the audit report in GST return form 9C for FY18 is 31 December 2019
• GST retrurn form 9C is a statement of reconciliation between the GST annual return and the audited financial statement of the tax payer

Airtel, Vodafone Idea post record losses in Q2

• Airtel reported ₹23,045 crore loss, while Vodafone Idea’s loss was ₹50,922 crore
• Bharti Airtel’s loss exceeded its consolidated revenue from operations, which grew 4.9% from a year earlier

Delhi HC to hear Uniform Civil Code petitions on Friday

• A division bench of Chief Justice DN Patel and Justice C. Hari Shankar will hear all the petitions pertaining to Article 44
• The implementation of UCC is among the electoral promises of the ruling BJP

Petrol price jumps sharply by ₹1 in 10 days. Check today's petrol, diesel rates

• The difference in the prices of petrol and diesel has now widened by a rupee
• In the last 10 days, petrol price has jumped up by ₹1.03 while diesel price has increased by just 4 paise

Railways to charge more for food, tea on Rajdhani, Shatabdi, Duronto trains

• According to the new rates, a cup of tea will now cost ₹35 in AC first class of Rajdhani, Shatabdi and Duronto trains
• The revised menu and tariff shall be made applicable after a period of 15 days for train-wise calculation

About half of BSNL employees opt for VRS scheme in less than two weeks

• The VRS scheme rolled by BSNL ends on December 3
• About 1 lakh BSNL employees are eligible for the VRS scheme

Indian Railways set to get new high-speed electric locomotive after upgrades

• The new powerful electric locomotive is expected to be a game-changer for the movement of freight by Indian Railways
• The new locomotive will not only bring down the operational costs for railways, but will also reduce the congestion faced

Congress in a tight spot after SC pulls up Rahul Gandhi

• The verdict could hurt party’s poll prospects, even as it braces for a lonely battle in Parliament
• The Congress had tried to make the alleged graft in the Rafale deal a major issue during the 2019 general election

Direct tax collections at ₹6 tn so far, less than 50% of ₹13.35 tn target

• Efforts are made towards tax collection and I have full confidence that we will reach the target set in the Budget, said the CBDT chief
• The I-T department has also launched a faceless e-assessment scheme to eliminate interface between an assessing officer and a taxpayer

Malvinder Singh, former Fortis Healthcare promoter, arrested

• Malvinder Singh and Godhwani are accused of laundering money, punishable under sections 3 and 4 of the Prevention of Money Laundering Act
• Both Singh, Godhwani will be produced before a metropolitan magistrate in the prison, when the ED is likely to seek their custodial interrogation

Govt considers cutting stake in Indian Oil to below 51%

• Government can sell as much as 26.4% its holding in Indian Oil — valued at about ₹33,000 crore — and still retain indirect control
• Shares of Indian Oil have dropped 3.8% this year. The broader benchmark S&P BSE Sensex has risen 11.4% in the period

Income tax: No ITR refund till you verify it. Here's how to do it

• One reason for not getting income tax refund could be your failure to verify your income tax return (ITR)
• Here is how to verify your ITR using Aadhaar, bank account, internet banking or demat account

Days after lowering outlook, Moody's cuts India's growth forecast

• Last week, Moody's Investors Service had cut India's ratings outlook to negative from stable
• Data released on Monday showed factory output contracting by 4.3% in September

CCI approves Adani's 23.5% stake-buy in Mumbai International Airport

• Adani Properties has acquired the shares from Mauritius based Bid Services Division and ACSA Global Ltd
• Bank of Baroda and BNP Paribas Asset Management in a joint statement in October had said they entered into binding agreements

When health insurance delays your hospital discharge

• Though pre-authorization has become quicker, claims settlement at the time of discharge could be a long and cumbersome process

Walmart logs $290 mn impairment for Jabong, sees strong growth from Flipkart

• Walmart had picked up 77% stake in Flipkart for $16 billion last year
• Walmart Inc President and CEO Doug McMillon noted that the Indian market represents a significant opportunity for growth

Sachin Bansal infuses ₹890 cr into Navi Technologies

• Bansal and Navi Technologies appear to be sharpening their focus on urban mobility and financial services
• Sachin Bansal has also invested $3 million each in debt in scooter-sharing startups Vogo and Bounce