LIC’s biggest selling point is that it owns nearly three-fourths of the insurance market (Photo: Ramesh Pathania/Mint)
LIC’s biggest selling point is that it owns nearly three-fourths of the insurance market (Photo: Ramesh Pathania/Mint)

The LIC share sale is a valuer’s nightmare and a banker’s dream

  • LIC has not disclosed its embedded value, the most accurate gauge of an insurer’s market value
  • The big question is if the business generated by LIC’s agents beats the profitability of smaller private insurers

The central bank has so far taken a leaf each from the Fed and the ECB’s books. Photo: Aniruddha Chowdhury/Mint
The central bank has so far taken a leaf each from the Fed and the ECB’s books. Photo: Aniruddha Chowdhury/Mint

Bank of England has some lessons for RBI on how to revive growth

  • RBI’s five rate cuts last year failed to spur credit demand
  • Governor Shaktikanta Das told reporters earlier this month that the central bank has more tools than the regular repurchase rate at its disposal

While the spike in crude prices due to tensions between the US and Iran was short-lived, the coronavirus outbreak and imminent output cut by Opec have introduced an element of uncertainty (Photo: Reuters)
While the spike in crude prices due to tensions between the US and Iran was short-lived, the coronavirus outbreak and imminent output cut by Opec have introduced an element of uncertainty (Photo: Reuters)

Crude boost for India Inc as global oil demand dips over coronavirus epidemic

  • Crude-dependent sectors such as aviation likely to gain from price drop
  • Industries are realigning their strategy amid energy demand forecasts being cut due to the virus outbreak

Photo: iStock
Photo: iStock

SBI loan guarantee isn’t the best option

  • In case of a project delay, the guarantee will free the borrower of the bank liability, but he will lose the down payment and the interest paid until then
  • If the buyer exercises the guarantee option in case of a delay, he would need to relinquish the right to the house

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Stocks to Watch on Monday. Photo: PTI
Surge in issuance by banks is partly fueled by comparatively low interest rates, said analysts
Surge in issuance by banks is partly fueled by comparatively low interest rates, said analysts

14-year low borrowing costs, spike in bond sales: Why it's a good time for banks

  • The banks have issued a total of 93 billion ($1.3 billion) of local-currency notes since Jan. 1, according to Bloomberg-compiled data
  • Falling borrowing costs and the spike in bond sales come as a relief to banks that are looking to strengthen their balance sheets, said ICRA

You can switch your ATM card on or off and limit the card usage through different channels by enabling/disabling the international or domestic usage online. (Hindustan Times)
The promoters of Vodafone Idea will not infuse any additional capital to pay its dues to the government.reuters
The company has made a calculated gamble to reduce its global presence. Photo: Bloomberg

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Total bank frauds reported in 2015-16 stood at  ₹18,699 crore.
Total bank frauds reported in 2015-16 stood at 18,699 crore.

Bank frauds this fiscal have their roots in the past

During the first six months of this fiscal, frauds of 1 lakh and above, as reported by commercial banks, touched 1.13 trillion. This, after frauds worth 41,167 crore had been reported in 2017-18. Why is this happening? Mint takes a look

  (Photo: PTI)
(Photo: PTI)
LIVE UPDATES

Market LIVE: Nifty flat, Sensex inches up 45 points; Vodafone, Airtel in focus

  • 14 of 30 Sensex stocks in red
  • Airtel falls 0.7%, Vodafone Idea up 10%

How to prepare yourself to face the financial impact of coronavirus
How to prepare yourself to face the financial impact of coronavirus

How to prepare yourself to face the financial impact of coronavirus

Coronavirus has resulted in over 1000 deaths in China as per Media reports. Casualties have been reported outside China as well. The virus outbreak is also expected to have an economic impact on China as well as other countries as economic activities have halted across China due to shutdown of many manufacturing units. Lets understand how this can impact your finances and how you should deal with the situation.

Plain Facts
Sales declined 1.58% in the December quarter (Photo: Mint)
Asian stocks were subdued in early deals on Monday. Photo: AFP
The machine will replace the UK’s existing supercomputer, which is already one of the 50 most powerful in the world
The machine will replace the UK’s existing supercomputer, which is already one of the 50 most powerful in the world

UK to spend $1.6 billion on world’s best climate supercomputer

  • UK was the first major economy to say it will phase out greenhouse gas emissions by 2050
  • The investment will replace existing Met Office supercomputers over a 10-year period from 2022 to 2032

(Photo: Bloomberg)
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Kejriwal thanked Modi for the wishes and said the Centre and the AAP government must work together to make Delhi a city of pride for all. (Ramesh Pathania/Mint )
Given that gambling is a social problem in Goa, state chief minister Pramod Sawant announced recently that he would stop all original Goans from entering casinos (Photo: HT)
Given that gambling is a social problem in Goa, state chief minister Pramod Sawant announced recently that he would stop all original Goans from entering casinos (Photo: HT)

Why the House always wins in Goa

  • The prevalence of gambling may seem unpleasant because so many people from around India and the world are invested in an entirely different Goa
  • A ban on Goans in offshore casinos highlights the murky nature of the gambling business in India’s smallest state

If terms are completed, the deal could be announced today. Photo: Bloomberg
If terms are completed, the deal could be announced today. Photo: Bloomberg

Alstom reaches deal to buy Bombardier’s train unit: Report

  • Alstom is expected to buy the unit using mainly cash and some stock component
  • Alstom going ahead with a deal could allow the French company to avoid paying a material premium due to Bombardier Transportation’s cash needs

Deloitte defines public interest entities under the norms prescribed by ICAI, which includes all listed companies, banks and insurance companies.
US West Texas Intermediate crude fell 13 cents to $51.92 a barrel, after a 3.4% gain last week. Photo: Bloomberg
Seven labourers were rescued after the girder being installed between pillar number one and two came down. Photo: ANI/Twitter
Photo: iStock
Hubei, the epicenter of the coronavirus outbreak, reported fewer new infections for a second straight day with 139 deaths overnight
Hubei, the epicenter of the coronavirus outbreak, reported fewer new infections for a second straight day with 139 deaths overnight

Coronavirus: Death toll rises to 1666,Finance Ministry to assess impact on trade

  • All nations must be ready to handle coronavirus cases and prepared to prevent further transmission, says WHO
  • The death toll from coronavirus epidemic has climbed to 1,666 after 142 more people died, mostly in the worst-hit Hubei, and the confirmed cases jumped to almost 70,000

AAP chief Arvind Kejriwal. (ANI)
AAP chief Arvind Kejriwal. (ANI)

Opinion | The modernity of Arvind Kejriwal’s Hindu politics

He is a believer who stops short of annoying average Hindus by not labouring the point of ‘secularism’

Delhi lieutenant governor Anil Baijal (left) administers the oath of office to Arvind Kejriwal at Ramlila Maidan in New Delhi on Sunday.  (Photo: Ramesh Pathania/Mint)
Delhi lieutenant governor Anil Baijal (left) administers the oath of office to Arvind Kejriwal at Ramlila Maidan in New Delhi on Sunday. (Photo: Ramesh Pathania/Mint)

Arvind Kejriwal takes oath as Delhi chief minister for third time

  • Six other members from previous cabinet, including Manish Sisodia, sworn in
  • Kejriwal said the support voters gave to the politics of work will help build a 21st century India

PM Narendra Modi in Varanasi. (Photo: PTI) (Photo: PTI)
PM Narendra Modi in Varanasi. (Photo: PTI) (Photo: PTI)

No going back on CAA despite pressure: Modi

  • PM says despite global pressure, Union govt would continue to take decisions that are important for the country
  • Modi says the govt was committed to work for the betterment of the financially and socially weaker sections

The GST Council will meet either by the end of February or early March.pti
Even state-owned BSNL and MTNL did not pay the dues. (Rajkumar/Mint)
Feature phone, affordable smartphone prices to be hit by Coronavirus shutdowns
Long Reads
Joaquin Phoenix won the Oscar for best actor in ‘Joker’ at the 92nd Academy Awards in Hollywood, Los Angeles, California. (REUTERS)
Joaquin Phoenix won the Oscar for best actor in ‘Joker’ at the 92nd Academy Awards in Hollywood, Los Angeles, California. (REUTERS)

Opinion | Thank you, Hollywood, but spare us your moral lectures

Last week’s ‘woke’ Academy Awards show came across as a hollow exercise in virtue-signalling

A decision whether to make this a permanent fixture of the train is yet to be taken (Photo: @vivekanandg on Twitter)
A decision whether to make this a permanent fixture of the train is yet to be taken (Photo: @vivekanandg on Twitter)

See pics: It's a first! A seat reserved for a deity on a train by Railways

  • The Kashi Mahakal Express inaugurated by PM Narendra Modi on Sunday had a seat reserved for Lord Shiva a.k.a Lord Mahakal
  • Even a temple has been drawn on the seat to make people aware that the seat is reserved for Lord Mahakal in Madhya Pradesh's Ujjain, said the authorities

Finance Minister Nirmala Sitharaman (PTI)
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Union Finance Minister Nirmala Sitharaman addresses a press conference after having a session with Traders and Industry Representatives on Budget 2020.
Union Finance Minister Nirmala Sitharaman addresses a press conference after having a session with Traders and Industry Representatives on Budget 2020.

No timeline to remove I-T exemptions: Nirmala Sitharaman

  • The budget 2020-21 has introduced more tax slabs and offers higher limits provided the taxpayer is ready to forego all the existing exemptions
  • Addressing a post-budget press conference on 1 February, Sitharaman had said the government intended to remove all I-T exemptions in the long run

Some of the small finance banks offer better interest rates on savings as well as fixed deposit when compared to other top lenders. (Mint)
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UN Secretary-General António Guterres, left, shakes hands with Pakistani Foreign Minister Shah Mahmood Qureshi after giving a joint press conference at the Foreign Ministry in Islamabad, Pakistan, Sunday (Photo: AP)
UN Secretary-General António Guterres, left, shakes hands with Pakistani Foreign Minister Shah Mahmood Qureshi after giving a joint press conference at the Foreign Ministry in Islamabad, Pakistan, Sunday (Photo: AP)

'No role for third party': India rejects UN chief's mediation offer on Kashmir

  • 'The issue that needs to be addressed is that of vacation of the territories illegally and forcibly occupied by Pakistan,' said Indian foreign ministry spokesman
  • The comments come against the backdrop of some remarks made by the UN Secretary General António Guterres who is on a visit to Pakistan