Oil tankers pass through the Strait of Hormuz. (Reuters)
Two women mourn during a funeral service for bomb blast victims at St Sebastian's Church in Negombo on April 23, 2019, two days after a series of bomb attacks targeting churches and luxury hotels in Sri Lanka.  (AFP )
Two women mourn during a funeral service for bomb blast victims at St Sebastian's Church in Negombo on April 23, 2019, two days after a series of bomb attacks targeting churches and luxury hotels in Sri Lanka. (AFP )

ISIS claims responsibility for Sri Lanka serial bombings

  • Islamic state claims responsibility for Sri Lanka bombings
  • The claim was made by the group's AMAQ news agency

 (iStock)
The first tranche would be worth  ₹3,000 crore and the second of  ₹650 crore. (Hemant Mishra/Mint)
The first tranche would be worth 3,000 crore and the second of 650 crore. (Hemant Mishra/Mint)

Embassy office Parks to raise 3,650 crore via debentures

  • Embassy Office Parks, a joint venture between Blackstone and realty firm Embassy group
  • The first tranche would be worth 3,000 crore and the second of 650 crore, it added

The Indian IT industry is expected to add around 2.5 lakh new jobs this year, according to a TeamLease Services report.
The Indian IT industry is expected to add around 2.5 lakh new jobs this year, according to a TeamLease Services report.

TCS, Infosys increase hiring by 350% in FY19

  • TCS hired 29,287 employees in the financial year ending on March 31
  • Bengaluru-based Infosys added 24,016 software professionals

Elections 2019
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Reliance Industries chairman Mukesh Ambani. Reliance Jio GigaFiber is at present being pilot tested in Mumbai and Delhi and will be rolled out commercially in a  year's time. (Bloomberg)
Reliance Industries chairman Mukesh Ambani. Reliance Jio GigaFiber is at present being pilot tested in Mumbai and Delhi and will be rolled out commercially in a year's time. (Bloomberg)

Reliance Jio GigaFiber to offer broadband, landline and TV combo for 600

  • Landline and TV will be added to Reliance Jio GigaFiber over the next three months, and will remain free for about a year
  • While the landline will come with unlimited calling facility, television channels will be delivered over the internet

Trump ends Iran oil import waiver & what it means for India

A day after the United States of America announced its decision to not renew exemptions for five countries to continue importing oil from Iran, Mint's Utpal Bhaskar explains the impact of the move on India. Driven by US' aim to choke Iran's main source of revenue, the move is expected to have a major fallout on the crude oil market. India and 7 other nations had been granted exemptions from US sanctions after the Trump administration decided to pull out of its 2015 deal with Iran. The exemptions are slated to end on May 2, 2019. Watch the full video to know more.

A woman shows her finger marked with indelible ink after casting her vote at a polling station. (AFP)
A woman shows her finger marked with indelible ink after casting her vote at a polling station. (AFP)

The science of indelible ink

  • The purple-coloured ink is applied on the left-hand index finger of the voter in a polling booth
  • Mysore Paints also exports indelible ink to more than 30 countries across the globe

Photo: Mint
OnePlus' invitation for its upcoming launch event.
The index ranks BRIC nations China and Brazil behind India, at second and third places, respectively. Photo: iStock
Prime Minister Narendra Modi. Photo: AFP
The list of 30 companies that make up the Sensex have changed since 1986.
Chanda Kochhar resigned as ICICI Bank CEO on 4 October, 2018. Photo: Abhijit Bhatlekar/Mint
FMP is a closed-end scheme.
 (Mint)
One of the most overlooked opportunities for eco-friendly practices in the workplace was in the purchase and disposal of printer ink and toner cartridges, HP said.
One of the most overlooked opportunities for eco-friendly practices in the workplace was in the purchase and disposal of printer ink and toner cartridges, HP said.

HP commits $2mn for ocean-bound recycling chain

  • The company said it would build a new plastic bottle washing line in Haiti
  • A global survey of 20,000 participants found that 61% believed that sustainability was mandatory for businesses.

A special court had in January, 2008 convicted and sentenced to life imprisonment 11 men for raping Bano. Photo: Mint (Mint)
Congress President Rahul Gandhi (Reuters)

Putting a price to a distressed airline - a valuation decode

Its been more than a week since embattled Jet Airways halted all flight operations indefinitely after its lenders rejected its plea for emergency funds, potentially bringing the curtains down on what was once India's largest private airline. Mint's Associate Editor Shrija Agrawal sits down with Varun Gupta, Country Manager, Duff & Phelps and valuations leader for Asia Pacific to decode the question "How do you value a distressed airline"

Sensex, Nifty struggled today amid rising oil prices
Sensex, Nifty struggled today amid rising oil prices

Sensex falls for third day in a row; SBI, HDFC Bank weigh

  • Banking stocks led the decline, Nifty Bank index fell 0.70%
  • Oil prices continued to rise after US ended all Iran sanction exemptions

A file photo of Congress president Rahul Gandhi. (AFP)
Allahabad Bank. (Mint)
R S Sharma (Abhijit Bhatlekar/Mint)
A SpiceJet Boeing 737-800 passenger aircraft. (Reuters)
Photo: Bloomberg
Former cricketer Gautam Gambhir addresses a press conference after joining Bharatiya Janata Party Photo: PTI
Raj Thackeray was deep in love with PM Modi and the “Gujarat model” through 2013-14. However, the unalloyed bhakt has turned a ferocious antagonist, a hard-hitting challenger
Raj Thackeray was deep in love with PM Modi and the “Gujarat model” through 2013-14. However, the unalloyed bhakt has turned a ferocious antagonist, a hard-hitting challenger

The sudden revival of Raj Thackeray

Despite not fielding a candidate, Raj Thackeray has almost overnight become the main opposition voice in Maharashtra. What’s his game?

Auto makers such as Ford, General Motors, Toyota, Nissan, Volvo and Audi have all announced plans to sell cars, with advanced automation features that are able to self-drive on highways or park themselves, within a decade. (Aeva Inc)
Auto makers such as Ford, General Motors, Toyota, Nissan, Volvo and Audi have all announced plans to sell cars, with advanced automation features that are able to self-drive on highways or park themselves, within a decade. (Aeva Inc)

How exciting is the $100 bn bet on driverless cars for Indian roads

  • Academics and authorities are in the process of regulating guidelines for driverless cars to take such difficult decisions
  • An AI algorithm will have to do a lot of explaining if a vehicle takes a wrong turn or bumps into someone or knocks down someone, or worse still, kills people

Tesla CEO Elon Musk. Photo: AP
The survey also said that 29% of people now believe that companies are passing on the benefit of the July 2018 tax cuts on home appliances to consumers. (Pradeep Gaur/Mint)
The survey also said that 29% of people now believe that companies are passing on the benefit of the July 2018 tax cuts on home appliances to consumers. (Pradeep Gaur/Mint)

GST rate cuts now benefitting consumers more than before: Survey

  • The trend shown by the survey indicates that prices of household items may soften further
  • The survey said 30% people believed in April that they are getting the benefit of tax cuts on items like shampoo, cosmetics and groceries

Growth in the fourth quarter demand in parts of India remained sporadic (Mint)
Growth in the fourth quarter demand in parts of India remained sporadic (Mint)

Air conditioner demand likely to pick up in Q1FY20: Report

  • India’s air conditioner market is estimated at over 7 million units
  • It is likely to grow on the back of rising penetration, urbanisation and higher disposable incomes

The government chose to expand a program that was already running in Andhra Pradesh and Telangana under AB-PMJAY. In July 2016.  (Mint )
The government chose to expand a program that was already running in Andhra Pradesh and Telangana under AB-PMJAY. In July 2016. (Mint )

Govt adopts state level PPP program for screening NCDs under Ayushman Bharat

  • The government chose to expand a program that was already running in Andhra Pradesh and Telangana under AB-PMJAY
  • Health and wellness component of Ayushman Bharat aims to address the requirements of preventive and promotive health services through Health & Wellness Centres

Icra said in a statement that an analysis of the portfolio of micro finance institutions (MFIs) reveals that the ticket sizes and loan tenures are rising. (AFP )
Icra said in a statement that an analysis of the portfolio of micro finance institutions (MFIs) reveals that the ticket sizes and loan tenures are rising. (AFP )

Microfinance sector seeing increasing risk of overleverage, says Icra

  • The credit rating agency said that the domestic microfinance sector has registered a 28% growth during the 12 months ended December 2018
  • The Icra report added that investors have continued to support the industry with equity infusion of around 4,350 crore in FY19

 (iStock)
INR Vs USD: The rupee today touched a low of 69.84 against the US dollar
Sri Lankan firefighters stand in the area around St. Anthony's Shrine after a blast in Colombo. (AP)
The introduction of a 5G-enabled iPhone could create a wave of upgrades and purchases, especially for high-end models (AFP)
The introduction of a 5G-enabled iPhone could create a wave of upgrades and purchases, especially for high-end models (AFP)

Apple's 5G iPhones to sport Qualcomm, Samsung chips

  • Apple expert and predictor Ming-Chi Kuo said Apple would release 5G-equipped iPhones in 2020 powered by chipsets from Qualcomm and Samsung
  • Apple is also working on redesigning the printed circuit boards to be included in 2019 iPhone models using a new kind of material to clear out space for a bigger battery

Reserve Bank of India (Photo: Aniruddha Chowdhury/Mint)
Apart from considering the ‘safety’ aspect of your debt investments, also look at the taxation to know what the net returns would be. (iStock)
OnePlus 7's case render. (GSMArena)
Sandboxing help startups beta-test new products with less capital than usually required.
A potential China slowdown, trade wars and the destabilization in eurozone are still seen as potential risks to the global economy. (Vipul Sharma/Mint)
A potential China slowdown, trade wars and the destabilization in eurozone are still seen as potential risks to the global economy. (Vipul Sharma/Mint)

Recession fears may be fading but global economy isn't out of the woods yet

  • While global fund managers are shrugging off fears of a recession, BofA-ML predicts 'low growth, low inflation' over the next one year
  • A potential China slowdown, trade wars and the destabilization in eurozone are still seen as potential risks to the global economy

Founded in 2015 by Lizzie Chapman, Priya Sharma, and Ashish Anantharaman, ZestMoney previously raised $6.5 million seed funding in 2017.
Founded in 2015 by Lizzie Chapman, Priya Sharma, and Ashish Anantharaman, ZestMoney previously raised $6.5 million seed funding in 2017.

Lending start-up ZestMoney raises $20 mn Series B funding

  • The new funding will support the company’s expansion plans for 2019 and for other online purchases
  • The firm will also further strengthen its collaborations with retailers, banks & non-banking financial institutions with the funding

The sale of the wind power assets to GAIL (India) will close in three weeks, says IL&FS. (Bloomberg)
Of the 220.4 million tonnes of crude imported by India in 2017-18, more than 10% was from Iran.
Of the 220.4 million tonnes of crude imported by India in 2017-18, more than 10% was from Iran.

Post US sanctions, India assures of a robust oil import plan

  • The government issued a statement spelling out the country’s ‘robust’ energy sourcing plan starting May
  • An increase in oil prices is likely to put pressure on India’s fiscal and current account and comes against the backdrop of the 2019 Lok Sabha elections

Announced in March 2019 and expected to release in US on April 26 for $1,980, Galaxy Fold's key appeal lies in the foldable screen that Samsung claims can withstand 200,000 folds. (Reuters)
Announced in March 2019 and expected to release in US on April 26 for $1,980, Galaxy Fold's key appeal lies in the foldable screen that Samsung claims can withstand 200,000 folds. (Reuters)

Samsung holds on Galaxy Fold release over durability concerns of foldable screen

  • The phone's screen couldn't survive two days of folding by reporters who had received the early units for reviews before the launch
  • Samsung said their initial findings showed that the reported issues could be due to impact on the top and bottom exposed areas of the hinge and also due to a broken substance inside the device