Piramal Ent says Saridon exempted from list of banned FDCs by Supreme Court

  • Piramal had earlier been awarded a stay order from the Supreme Court on the ban against Saridon
  • Piramal Enterprises shares were trading 1.2% higher at 2,221 in noon trade

Shares of Tech Mahindra hit a fresh 52-week high of  ₹840, rising about 3.5% (Reuters)
Shares of Tech Mahindra hit a fresh 52-week high of 840, rising about 3.5% (Reuters)

Tech Mahindra approves 1,956 crore share buyback, stock hits 52-week high

  • Many IT companies have been returning surplus cash to shareholders by way of dividends and buybacks
  • Tech Mahindra remains one of the top picks in IT sector for many brokerages

Sachin Bansal may look to route his startup investments through his new company, BAC Acquisitions Pvt. Ltd. (Mint)
Sachin Bansal may look to route his startup investments through his new company, BAC Acquisitions Pvt. Ltd. (Mint)

Sachin Bansal plans big play in venture debt space with Flipkart fortune

  • Sachin Bansal plans to diversify his investment portfolio and double down on the financial services sector
  • Sachin Bansal has over the past few weeks held discussions to invest in at least five tech startups

The recapitalisation would enhance the lending capacity of PSBs  (Bloomberg)
The recapitalisation would enhance the lending capacity of PSBs  (Bloomberg)

State-owned banks rise after government capital infusion plan  

  • Corporation Bank will get the highest capital infusion at 9,086 crore
  • Intra-day, shares of Corporation Bank gained 18.82%, the most since March 2007

Jet Airways had a gross debt of  ₹8,411 crore as of end-September including aircraft debt of  ₹1,851 crore. (Abhijit Bhatlekar/Mint)
Jet Airways had a gross debt of 8,411 crore as of end-September including aircraft debt of 1,851 crore. (Abhijit Bhatlekar/Mint)

Jet Airways won't get 5 Boeing 737 Max planes until its financial crisis is over

  • Boeing has released for Jet Airways 10 B737 Max planes, five of which are with the airline and the rest with lessors
  • Jet Airways has a fleet of 123 planes—of which it owns 16 aircraft with the remainder on SLB model

Farmers in Ratnagiri feared that a refinery project there may damage flora and fauna in the region, and affect Alphonso mango and cashew plantations.
Farmers in Ratnagiri feared that a refinery project there may damage flora and fauna in the region, and affect Alphonso mango and cashew plantations.

Ratnagiri refinery may now come up in Maharashtra's Raigad

  • Raigad land identified by the Maharashtra government is said to be better than the one in Ratnagiri
  • The refinery project was to be commissioned by 2022, but delays in land acquisition have pushed the deadline to 2025

A widely used measure of fertility levels is the ‘total fertility rate’, or the average number of children a woman will have in her lifetime. (Subrata Biswas/Hindustan Times)
A widely used measure of fertility levels is the ‘total fertility rate’, or the average number of children a woman will have in her lifetime. (Subrata Biswas/Hindustan Times)

What a narrowing Hindu-Muslim fertility gap tells us

After nearly 40 years, fertility gap between the two communities has started reducing. It’s another reason why their population shares won’t change radically

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Sensex rose over 1% on Wednesday, snapping a nine-day losing streak
Sensex rose over 1% on Wednesday, snapping a nine-day losing streak
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Markets Live: Nifty reclaims 10,800, housing finance companies rally

  • Asia shares steady after Fed minutes
  • Investors eyed signs of progress in the latest round of trade negotiations US and China 

The new Samsung Galaxy S10e, S10, S10+ and the Samsung Galaxy S10 5G smartphones.  (Reuters)
The new Samsung Galaxy S10e, S10, S10+ and the Samsung Galaxy S10 5G smartphones. (Reuters)

Samsung Galaxy Fold, S10, S10+, S10e launched at Unpacked 2019: Specs, pricing

  • The Samsung Galaxy S10 launch event at San Francisco saw the launch of nine devices, including a foldable smartphone and wireless ear buds
  • The Samsung Galaxy S10 starts at $899 (about 64,000), while the top-of-the-line S10 Plus goes all the way up to $1,600 (about 1.13 lakh) for the 12GB/1TB variant

The Central Board of Trustees (CBT) headed by Labour Minister is the apex decision making body of the EPFO which finalises rate of interest on PF deposits for a financial year
The Central Board of Trustees (CBT) headed by Labour Minister is the apex decision making body of the EPFO which finalises rate of interest on PF deposits for a financial year

EPFO likely to announce 8.55% interest on EPF for FY19

  • The EPFO trustees can also announced the appointment of new fund managers
  • The trustee would also review the performance of investments made by the body in stock markets

Reserve Bank of India Governor Shaktikanta Das (Mint)
Reserve Bank of India Governor Shaktikanta Das (Mint)

RBI governor to meet bank CEOs today on rate transmission

  • RBI governor is likely to discuss rate transmission as banks have not been passing on the resultant benefits of rate cuts to the consumers 
  • Earlier this month, the RBI cut the benchmark interest rate by 0.25% to 6.25%

The members of Women Against Fundamentalism and Southall Black Sisters during a protest in May 1989 against fundamentalists who sought to ban Salman Rushdie’s The Satanic Verses. (Getty Images)
The members of Women Against Fundamentalism and Southall Black Sisters during a protest in May 1989 against fundamentalists who sought to ban Salman Rushdie’s The Satanic Verses. (Getty Images)

Women who fought for Salman Rushdie

The 30th anniversary of the fatwa on Salman Rushdie is also a milestone of women protesting against fundamentalism

 (Reuters)
(Reuters)

Oil near 2019 highs amid OPEC cuts, US sanctions on Iran and Venezuela

  • The main factor keeping oil prices from rising even further is soaring US oil production 
  • Another price driver has been US sanctions against oil exporters Iran and Venezuela

 (iStock)
(iStock)

Opinion | How will LTCG benefit work as per new laws

  • Budget 2019 increased the scope of LTCG exemption for acquisition of two houses
  •  The amendment does not permit acquisition of the two houses in the names of any person other than the taxpayer who has earned the capital gains

 (Mint)
(Mint)

Self-employed? Get a full health cover before buying a hospital cash policy

  • The product targets daily wage earners and freelancers but it may not cover all costs because the payout is small 
  • Like other hospital cash policies, Kamai Bachao Yojna makes the payout only at the end of the hospitalisation period and not on a daily basis

 (Mint)
(Mint)

After death, MF units need to be transmitted to nominee

  • The nominee may choose to hold on to the investment or redeem it, but will first need to get the units transmitted
  • When it comes to exit load, the original date of purchase will still be applicable, not the date of transmission

Irdai's new standard policy will have a minimum sum insured of  ₹50,000 and a maximum of  ₹10 lakh (iStock)
Irdai's new standard policy will have a minimum sum insured of 50,000 and a maximum of 10 lakh (iStock)

Standard health cover will help, but Irdai needs to plug the gaps

  • Irdai proposes a basic health insurance policy which will be comparable across companies
  • Under differential pricing, insurers can charge lower premium from an old customer compared to a new customer even if both are of same age

Justin Denison, SVP of Mobile Product Development, talks about the new Samsung Galaxy Fold smartphone during an event.  (AP)
Justin Denison, SVP of Mobile Product Development, talks about the new Samsung Galaxy Fold smartphone during an event. (AP)

Samsung announces Galaxy Fold phone with apps from Facebook, Google

  • The Galaxy Fold will cost $1,980 and go on sale on 26 April, Samsung officials said at an event in San Francisco
  • The device will have a 4.6-inch display while folded and a 7.3-inch display when unfolded

Saudi Crown Prince Mohammed Bin Salman (left) and Prime Minister Narendra Modi in New Delhi on Wednesday. (Ramesh Pathania/Mint)
Saudi Crown Prince Mohammed Bin Salman (left) and Prime Minister Narendra Modi in New Delhi on Wednesday. (Ramesh Pathania/Mint)

Pakistan isolated further as Saudi Arabia backs India's fight against terrorism

  • Saudi Crown Prince Mohammed bin Salman joins Prime Minister Narendra Modi in condemning Pulwama attack
  • Mohammed Bin Salman and Narendra Modi urge all countries to ‘renounce the use of terrorism as an instrument of state policy’

The  ₹48,239 crore fund infusion in 12 PSU banks is over and above the  ₹65,000 crore earmarked for them at the begining on 2018-19. (Bloomberg)
The 48,239 crore fund infusion in 12 PSU banks is over and above the 65,000 crore earmarked for them at the begining on 2018-19. (Bloomberg)

12 PSU banks to get 48,000 crore more in FY19 as part of bank recap plan

  • The fresh bank recapitalisation plan is aimed at meeting the 1.06 trillion revised target to recapitalise banks this fiscal
  • The bank recapitalisation of weak banks is expected to boost credit growth and help PSU banks meet capital requirements

Saudi PIF CEO Yasir Al-Rumayyan. (Bloomberg)
Saudi PIF CEO Yasir Al-Rumayyan. (Bloomberg)

Saudi Arabia PIF and SoftBank sketch India startup playbook

  • Saudi Arabia's PIF wants to tap into India through investments in startups by way of the SoftBank Vision Fund
  • Oyo Rooms, Delhivery, FirstCry aren’t just SoftBank investments in India, but also vehicles for Saudis to understand Indian market

Vodafone Idea has the largest subscriber base of 387 million users and the largest spectrum holding worth 1850 MHz in the country. (Reuters)
Vodafone Idea has the largest subscriber base of 387 million users and the largest spectrum holding worth 1850 MHz in the country. (Reuters)

Vodafone Idea eyes 100% network integration by June 2020

  • Network integration is complete in nine out of 22 telecom circles in the country, says Vodafone Idea CTO Vishant Vora
  • Vodafone Idea at the time of merger had expected the entire network integration to complete in three years

Amin H. Nasser, president and chief executive officer of Saudi Aramco. (Reuters)
Amin H. Nasser, president and chief executive officer of Saudi Aramco. (Reuters)

Saudi Aramco in talks with Reliance for more projects in India

  • Saudi Aramco seeks to take its India play beyond the $44 billion Ratnagiri refinery project, which will now be relocated
  • Saudi Aramco’s interest is driven by India’s energy demand, which is expected to grow at 4.2% over the next 25 years

Martin Sorrell was ousted from WPP in April last year following investigation into allegations of personal misconduct. (Reuters)
Martin Sorrell was ousted from WPP in April last year following investigation into allegations of personal misconduct. (Reuters)

Martin Sorrell’s S4 Capital to start India operations

  • India will be 17th country in which S4 Capital will operate, says advertising veteran Martin Sorrell
  • S4 Capital pitching to Indian clients as well and new partners will be revealed in due course, says Sorrell

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Entrepreneur First founder Matt Clifford.
Entrepreneur First founder Matt Clifford.

Entrepreneur First raises $115 million for first close of a new deep tech fund

  • The new deep tech fund will enable Entrepreneur First to invest in over 2,200 individuals across the globe
  • Entrepreneur First entered India with a commitment of $25 million, announcing its maiden cohort of 50 individuals

Kenichiro Yoshida, chief executive officer of Sony Corp. (Bloomberg)
Kenichiro Yoshida, chief executive officer of Sony Corp. (Bloomberg)

Sony opens up start accelerator programme to anyone with an idea

  • Sony may invest, strike an alliance, provide office space or support the startups with its own marketing and sales expertise
  • After years of restructuring, Sony is again looking for innovation under chief executive officer Kenichiro Yoshida

 (iStockphoto)
(iStockphoto)

Opinion | Private battles with public support using social media

Celebrities are sharing their fight against a dreaded disease rather than suffer in private

Covering over 700,000 classrooms, the move will initially focus on science, technology, mathematics and engineering. (Photo: HT)
Covering over 700,000 classrooms, the move will initially focus on science, technology, mathematics and engineering. (Photo: HT)

Centre launches 9,000 crore plan to digitize education delivery

  • The move will make the teaching process interactive and popularize ‘flipped learning’
  • Higher education secretary R. Subrahmanyam said given the size of the exercise, the ministry will float a global tender for vendors

Home minister Rajnath Singh with ambassador to the US Harsh Vardhan Shringla, in New Delhi on Wednesday.  (Photo: PTI)
Home minister Rajnath Singh with ambassador to the US Harsh Vardhan Shringla, in New Delhi on Wednesday.  (Photo: PTI)

India readies dossier on Pakistan’s support to terrorist groups

  • Home minister Rajnath Singh meets India’s envoys to US, Pakistan but it's not known whether Pulwama terror attack was discussed
  • India is reaching out to key countries and other major governments to garner support for its case against Pakistan

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Drought, credit woes behind farm distress in Maharashtra, says study

  • Survey finds wide gap between rich and dirt-poor areas of the state and under-reporting of farm suicides
  • Rural poverty is not restricted to Vidarbha. The study shows extreme poverty in western Maharashtra

Congress chief Rahul Gandhi with DMK chief M.K. Stalin (Photo: HT)
Congress chief Rahul Gandhi with DMK chief M.K. Stalin (Photo: HT)

Congress, DMK announce tie-up in TN ahead of general election

  • Both the Congress and the BJP expect the alliances will help them finally make inroads into the state
  • The Congress will contest in 10 seats as part of the understanding with the DMK

Shashi Tharoor, Congress MP from Thiruvananthapuram. (Photo: Pradeep Gaur/ Mint)
Shashi Tharoor, Congress MP from Thiruvananthapuram. (Photo: Pradeep Gaur/ Mint)

In Kerala, parties find no easy answer to who can defeat Tharoor

  • There is no strong candidate among his rivals, though Sabarimala issue put Tharoor in a tight spot in his constituency
  • Last time, the BJP’s most popular leader O. Rajagopal had lost to Tharoor by just 15,470 votes

FILE PHOTO - The logo of Bank of Baroda is pictured outside its branch in Mumbai. (Reuters)
FILE PHOTO - The logo of Bank of Baroda is pictured outside its branch in Mumbai. (Reuters)

Merger of Vijaya Bank and Dena Bank with BoB to be effective from 1 April

  • As per the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held
  • The govt in Sept last year had announced merger of state-owned Vijaya Bank and Dena Bank, with larger peer Bank of Baroda

 (Photo: Mint)
(Photo: Mint)

Vodafone Idea not in favour of 5G spectrum auction before 2020: CTO

  • Vodafone Idea CTO Vishant Vora said that the full integration of the two telecom networks post the mega merger last year is "on track"
  • Last year, Idea and Vodafone completed the merger of their India operations to create the country’s largest telecom operator

Vested interest groups like contractors close to the government benefit unduly from the MGNREGS, a study suggests. (HT)
Vested interest groups like contractors close to the government benefit unduly from the MGNREGS, a study suggests. (HT)

How MGNREGS is used as a political tool

The authors use a data set that includes census and MGNREGS implementation data at the single-constituency level for Andhra Pradesh (from 2009 to 2017) across an entire election cycle (2009 to 2014)

 Estimating the emissions from e-commerce is complicated
Estimating the emissions from e-commerce is complicated

Amazon’s new environmental report will show how bad two-day shipping is

  • Ordering online uses less energy than driving to the store, but the benefits drop with faster delivery
  • A challenge for Amazon, which now counts more than 100 million Prime members, all of whom are eligible for two-day shipping

 (Mint)
(Mint)

Corporation Bank, Allahabad Bank next in line for PCA exit

  • Finance Ministry will infuse Rs. 9,086 crore in Corporation Bank and Rs. 6,896 crore in Allahabad Bank
  • So far three banks — BoI, BoM and OBC — have exited the the PCA framework of the RBI

Google fails to disclose microphone in Nest Secure

Earlier this month, Google said Nest Secure would be getting an update and users could now enable its virtual assistant technology Google Assistant on Nest Guard

Kotak Mahindra Bank CEO and MD Uday Kotak (Photo: Mint)
Kotak Mahindra Bank CEO and MD Uday Kotak (Photo: Mint)

Technology giants have no business in banking, says Uday Kotak

  • Banking is a business with a high degree of leverage involving public trust and continues to be synonymous with safety
  • The comments come amid an aggressive play by giants like Google with its payment platform Google Pay in the financial sector

 (Photo: Reuters)
(Photo: Reuters)

Tata Motors betting big on electric buses, hopeful demand will grow

  • The company is in discussions with all states and is confident that electrification of buses will get a boost
  • Manufactured at the Dharwad plant in Karnataka, the electric buses of Tata Motors can travel up to 150 km on single charge

If the property is self-acquired, the owner can bequeath it as per his wish (iStock)
If the property is self-acquired, the owner can bequeath it as per his wish (iStock)

If legal heirs give up inheritance right, children can’t stake claim to property

  •  If the owner has inherited a property through a Will or otherwise, his children are also considered legal heirs to that property
  • There is no distinction between an inherited, self-acquired property and ancestral property in case of Christians, Muslims and Parsis

File photo of the Federal Reserve building. Photo: Reuters
File photo of the Federal Reserve building. Photo: Reuters

US Fed flags end to balance sheet runoff, patience on rates

  • The surprisingly dovish decision came amid mounting risks to the US economy
  • Earlier, Fed surprised markets by saying it would be patient about adjusting its target range for short-term interest rates

Amin H. Nasser, president and chief executive officer of Saudi Aramco. (Reuters)
Amin H. Nasser, president and chief executive officer of Saudi Aramco. (Reuters)

India an investment priority for Saudi Aramco: CEO Amin Nasser

  • Saudi Aramco is looking to tap into India's oil demand that is expected to rise to 8.2 mbd by 2040
  • India at buys about 800,000 barrels a day of Saudi Arabian oil, says Saudi Aramco CEO Amin Nasser

 (iStocK)
(iStocK)

Top mutual fund schemes to invest in - Mint 30

  • Pick up 5-8 schemes to build a good portfolio
  • Use this list as a starting point and then spend time selecting your unique portfolio out of these

 (Reuters)
(Reuters)

Opinion: This Indian airline rescue is touch-and-go

  • Jet’s second take-off may be doomed by insufficient equity and impatience among its new owners
  • Founder Naresh Goyal and Abu Dhabi’s Etihad Airways PJSC are expected to bring in equity

We decided we don’t want to do services anymore, says Coverfox founder and CTO Devendra Rane.
We decided we don’t want to do services anymore, says Coverfox founder and CTO Devendra Rane.

The story behind Coverfox's conceptualization

  • A fragmented insurance distribution system in India held promise of digitizing many manual process and build efficiencies
  • Coverfox was started with the singular aim of digitizing insurance and making insurance simple, says the founder

Sometimes your partner and you may not be on the same page, but that is not a sign of your relationship being in trouble
Sometimes your partner and you may not be on the same page, but that is not a sign of your relationship being in trouble

Co-working makes you grow as an individual and as a multi-dimensional couple

Do not lose sight of your individuality while you’re perfecting your team work

Saudi Crown Prince Mohammed Bin Salman (left) and Prime Minister Narendra Modi in New Delhi.  (Ramesh Pathania/Mint)
Saudi Crown Prince Mohammed Bin Salman (left) and Prime Minister Narendra Modi in New Delhi. (Ramesh Pathania/Mint)

Crown Prince orders release of 850 prisoners from Saudi jails on PM's request

  • After the talks, it was also announced that India has decided to extend e-Visa facility to Saudi nationals
  • Saudi Arabia also joined the International Solar Alliance, a move welcomed by the prime minister, MEA officials said