SBI chairman Rajnish Kumar says Yes Bank ‘will not be allowed to fail’

• SBI chairman Rajnish Kumar’s statement follows speculation that the govt may ask the lender to play a role in bailiing out Yes Bank
• Yes Bank’s shares have plunged more than 80% over the past year amid worries about its asset quality and uncertainty about its efforts to raise new capital

Three things that guide Nirmala Sitharaman in setting income tax rates

Mint takes a look at what is guiding the finance minister while she decides on personal income tax matters.

SBI Life flexes its market leader muscle in growth but not profitability

• The country’s largest private life insurer grew its new business premium by 35% for the first nine months of the current financial year
• In annualised premium equivalent terms, which considers first year premiums and 10% of one-time premiums, SBI Life reported 22% growth

Telcos to take a call on paying AGR dues today

• Voda Idea to wait for court to hear plea, Airtel yet to reveal payment plans
• Failure to pay the dues before the deadline may invite contempt of court proceedings against defaulters

Sensex edges higher; Axis Bank, L&T lead gains

• Axis Bank, L&T were among the top gainers in Sensex pack
• Some pressure was seen in select auto stocks

Will Sitharaman revamp income tax slabs to give more cash in hand?

With the economy in a tailspin and disposable incomes declining, the finance minister will have some tough calls to take on 1 Feb

New demat accounts climb to 10-year high as retail investors pile into equities

• A demat account is opened by an investor with a depository participant to invest in securities such as stocks and bonds
• Assets managed by the mutual fund industry have grown from ₹24.09 tn in Dec 2018 to ₹27.26 tn in Dec 2019

Just how safe is your bank deposit?

• There has been a lot of concern around the health of India’s banks. What’s driving this and what should you do?
• Going by its past track record, RBI will move quickly to save any commercial bank that is failing. But it’s very important that depositors take a few basic precautions

FDI boost may help Airtel even the odds against Reliance Jio

• With the FDI approval, Bharti Airtel won’t have to worry about chasing new investors
• The boost comes ahead of the 5G auction. Airtel would need more funds to start 5G services

Gold prices remain weak for 3rd day, down ₹1,200 per 10 gram from record highs

• Gold prices could remain sideways in the near term
• After hitting record highs earlier this month, gold has traded sideways since then

BHIM Baroda Pay with UPI 2.0 launched: Check key features, benefits

• The new version boasts of wide-ranging services with easier authentication process
• UPI 2.0 is one such premium offering to Bank of Baroda customers with unparalleled and unmatched state-of-the-art features

Vadilal ice cream eyes a ₹1,000 crore PE flavour

• The promoters of Vadilal are in advanced talks with two PE firms to sell their entire stake in the ice cream maker
• Vadilal Industries’ profit was ₹31 cr, while Vadilal Enterprises posted a profit of ₹8.9 lakh in the year ended 31 Mar

'Doing a pure sports film was not enough for me': Ashwiny Iyer Tiwari on 'Panga'

‘Panga’, starring Kangana Ranaut as a kabaddi player, is an underdog sports film—and a slice-of-life family drama

Spotify testing new feature that lets influencers post Stories via app

• The new version will let select users share video clips that contain snippets of songs and album art
• The Spotify Stories are only available on the iOS and Android device

Indian government's statement, advisory on virus outbreak in China

• Passengers coming from mainland China are being screened for the virus at airports in India
• No case of coronavirus has so far been reported from India

Stocks to Watch: L&T, Axis Bank, Sun Pharma, Infosys, Biocon, Oil India

• Biocon will announce its earnings for the quarter ended December today
• Tata Communications' profit for the December quarter rose 8.6% to ₹58.5 crore

Why the L&T stock is in demand despite sluggish growth in Q3

• The L&T stock is the top gainer among Nifty stocks on Thursday
• Investors are pleased with the company's guidance, even though growth in Q3 was soft

Axis Bank delivers on growth but trouble lingers on the bad loans front

• The third largest private sector lender reported robust core income growth and exhibited that it is indeed growing into a strong retail bank
• Axis Bank saw its slippages unexpectedly rise for the December quarter

Make a bullet journal for your money too

Maintaining a money bullet journal can help you track expenses, find out where you are overspending and help you invest in a disciplined manner

Petrol, diesel prices drop to lowest level in the month. Know today's rates

• Petrol and diesel prices have been falling since January 12
• Crude oil rates are now below $63 a barrel

Tax credit curbs pinch biz as revenue officials scramble to meet goals

• Ensuring a smooth flow of tax credits is essential to the proper working of GST, some tax experts said
• The revenue department has set a target of ₹1.15 trillion, each, for January and February, and ₹1.25 trillion for March, against the monthly average of ₹1 trillion so far in FY20

Sales may recover in second half of FY21: Tata Motors’s Butschek

• We are going to get out of the crisis in a stronger condition than what we were when we got in
• We will leverage our investments in two architectures—Alfa and Omega

Jeff Bezos tweets picture of Khashoggi memorial after Saudi hacking report

• Jeff Bezos tweeted the hashtag #Jamal, along with a photo of himself at a memorial service for Khashoggi held in Istanbul in October
• Jamal Khashoggi, a Saudi dissident who was living in self-imposed exile in the US, was murdered in Istanbul in October 2018

Big Bazaar Republic Day sale goes live: 5 things to know

• During the Big Bazaar Republic sale users can avail great discounts on all products
• Big Bazaar's 'Sabse Saste 5 Din' sale will be running for 5 days till 26th January 2020

IDFC Mutual Fund bets on small firm valuations, launches small cap fund

• IDFC Mutual Fund has announced the launch IDFC Emerging Businesses Fund, its small cap fund
• In its presentation, the AMC has proposed several reasons why investors should invest in the IDFC Emerging Businesses Fund.

Shah Rukh Khan responds to Anand Mahindra's tweet on math trick

• Anand Mahindra shared a video on an innovative math hack with his over 7 million Twitter followers
• The multiplication trick also impressed Bollywood actor Shah Rukh Khan

Opinion | This is the chance for India to reclaim some lost ground

New measures for avoiding tax disputes could be considered and existing ones improved

India screens over 9,150 passengers for Coronavirus

• A novel coronavirus (nCoV) is a new strain that has not been previously identified in humans
• Coronaviruses are a large family of viruses that cause illness ranging from the common cold to more severe diseases

Republic Day: Delhi Police issues traffic advisory, avoid these routes today

• For Republic Day too, no traffic will be allowed on Rajpath from Vijay Chowk to India Gate from 6 pm on Saturday till the parade gets over on Sunday
• In order to facilitate smooth passage of the Parade, movement of traffic on certain roads leading to the route of the Parade will be restricted

EQT, Temasek launch $500 mn renewable energy platform

• This would be EQT Infrastructure’s first investment in India
• The investment is in line with EQT’s thematic approach to invest in sustainable solutions, guided by the United Nations’ Sustainable Development Goals

ReNew Power raises $450 million through dollar bonds

• Firm plans to use the funds to refinance the existing borrowings
• Attractive yields and liquidity have driven investor interest in Indian companies

Is MGNREGS the answer to the rural slowdown?

MGNREGS could alleviate rural distress but, in its current form, its overall impact on the rural economy is limited in scope

No stay on CAA, but Supreme Court to wait for response from govt

• The Supreme Court said it won’t pass any ex-parte order before hearing the Centre on staying the operation of CAA and NPR
• The apex court on 9 January had dismissed a plea that sought CAA be declared constitutional

Jeff Bezos’ phone hack shows no device is secure

• A large amount of data was exfiltrated from Bezos’s phone within hours of the attack, the report said
• A common vector for malware on smartphones are malicious apps from third-party stores

Due dates to file GST returns re-jigged to cut pressure on IT systems

• All businesses with ₹5 crore or more sales will continue to file returns related to supplies by 20th day of every month
• As per the revised schedule of return filing, around 8 lakh regular taxpayers would have 20th of every month as the last date of GSTR-3B filing without late fees

Sebi comes out new framework to check non-compliance of listing rules

• The new framework would come into force with effect from compliance periods ending on or after 31 March, 2020
• Every bourse is required to review the compliance status of the listed entities within 15 days from the date of receipt of information

Grofers invests ₹100 crore, hires 4000 people to support ongoing sales bonanza

• Grofer's heavy investment over this event also comes at a time when India's online grocery market is seeing intense competition
• Grofers has tied up with over 3000 delivery service partners, hired around 4000 temporary staff and added three new warehouses ahead of the event

Reliance Jio’s push for interconnect usage fees a boon for Airtel

• During this quarter, Jio also reported a dip in voice minutes of usage (MOU) and average monthly data usage for the first time
• The entry-level Jio Phone set has lower processing capacity and smaller recharge value than a smartphone

Davos: Pakistan's Imran Khan calls for UN action on India dispute

• Imran Khan called for the UN to help mediate between nuclear armed India and Pakistan over Kashmir
• Khan said his biggest fear was how New Delhi would respond to ongoing protests in India over a citizenship law that many feel targets Muslims

Ahmedabad-Mumbai Tejas Express delayed, passengers to get compensation

• Ahmedabad-Mumbai Tejas Express reached the Mumbai Central station around 1 hour and 30 minutes late
• As per the IRCTC's policy ₹100 are paid for a delay of over an hour and ₹250 for a delay of over two hours