Avantha Group’s troubles can be traced to its expansion plans fuelled by debt in the pre-Lehman Brothers period.
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A Tesla Inc. Model X electric vehicle charges at the Tesla Supercharger station.  (Bloomberg)
A Tesla Inc. Model X electric vehicle charges at the Tesla Supercharger station. (Bloomberg)

Low-quality Chinese batteries could slow down India’s EV drive

  • As China nudges battery makers to move up the value chain, makers of older models are finding few takers
  • India is currently giving final touches to a plan to build Tesla-style giga factories to develop its own domestic battery manufacturing ecosystem

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 (Ramesh Pathania/Mint)
(Ramesh Pathania/Mint)

Opinion | Is India headed for its worst growth recession in a decade?

It is risky at this juncture to bet merely on a natural recovery. Even so, using monetary policy is the best option right now

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CBI officials reached former FM P. Chidambaram’s residence on Tuesday evening. (Pradeep Gaur/Mint)
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Hyundai Motor India CEO Seon Seob Kim with the Kona SUV.

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Plain Facts
Pakistan's foreign minister Shah Mehmood Qureshi. (Reuters)
Pakistan's foreign minister Shah Mehmood Qureshi. (Reuters)

Islamabad to move ICJ over Kashmir issue

  • An overwhelming majority in the UN Security Council stressed Kashmir is a bilateral matter between New Delhi and Islamabad
  • Imran Khan told a rare joint sitting of Pakistan’s parliament that he will raise the Kashmir issue at every forum including the UN Security Council and also take the matter to the ICJ

 (Photo: iStock)
Facebook submitted in its petition that it cannot share Aadhaar number with a third party as the content on WhatsApp was end-to-end encrypted. (Pradeep Gaur/Mint)
 (Mint file)
The wall of a building of the Central Government Offices is prayed with slogans in Hong Kong, China .  (Reuters)
The wall of a building of the Central Government Offices is prayed with slogans in Hong Kong, China . (Reuters)

How China is trying to quell Hong Kong’s protests without troops

  • China has unloaded a wide range of firepower against against the city’s fractious opposition in recent weeks
  • China has repeatedly shown its willingness to use its leverage as the world’s largest trading nation to express political displeasure

Lau went on to add that 'TV will not only become the centre of our smart home, but also the centre of our daily smart social hub'
Lau went on to add that 'TV will not only become the centre of our smart home, but also the centre of our daily smart social hub'

OnePlus TV to launch in September, India will get it first: CEO Pete Lau

  • Lau explained that India was given preference because the company had a very 'positive relationship with content providers' here.
  • He also hinted at the possibility of integrating modern technologies such as 5G, AI, VR and AR within the TV

IRCTC will also pay for the custody of trains, including spares
Depending on the food aggregator and what services restaurants avail from them, restaurants pay anywhere between 10-30% of the value of each order as commission to aggregators (Photo: Alamy)
Depending on the food aggregator and what services restaurants avail from them, restaurants pay anywhere between 10-30% of the value of each order as commission to aggregators (Photo: Alamy)

The revolt against food delivery apps

Ordering in is now an indispensable part of daily life. That’s why restaurants are getting that sinking feeling

Mark Ramprakash (Photo: Twitter)
 (Mint)
Britain's Prime Minister Boris Johnson.  (Reuters)
Fortis CEO Ashutosh Raghuvanshi. (Photo: Bloomberg)
Fortis CEO Ashutosh Raghuvanshi. (Photo: Bloomberg)

CEO plans 20% cost cuts to resuscitate Fortis

  • Fortis is looking to squeeze spending to reduce expenses by $31 million over the next two years
  • Fresh capital expenditure of $84 million is also in the offing

The plan to roll out Apple TV+ is part of the iPhone maker’s drive to reach $50 billion in service sales by 2020. (AFP)
The plan to roll out Apple TV+ is part of the iPhone maker’s drive to reach $50 billion in service sales by 2020. (AFP)

Apple TV+ set for November launch in challenge to Netflix, Amazon Prime

  • The streaming service will launch globally in over 150 countries and the firm is weighing a price of $9.99 a month
  • With its first foray into video subscriptions, Apple is weighing different release strategies for shows

 (Photo: iStock)
Prime Minister Narendra Modi with his counterpart Lotay Tshering during his recent visit to Bhutan.  (Photo: AP)
 (Mint file)
Ratul Puri (left), Madhya Pradesh chief minister Kamal Nath’s nephew, leaves the ED office in New Delhi on Tuesday. (Photo: PTI)
Ratul Puri (left), Madhya Pradesh chief minister Kamal Nath’s nephew, leaves the ED office in New Delhi on Tuesday. (Photo: PTI)

HC finds Ratul Puri’s replies evasive, denies him anticipatory bail

  • The Delhi high court said Puri’s custodial interrogation was required for an effective investigation
  • Puri, in his plea had challenged the 6 August order of a special court, which had dismissed his anticipatory bail application

 (HT)
Air Chief Marshal Dhanoa was referring to the MiG-21 fighter aircraft that had been inducted into the force in 1973-74. (Indranil Bhoumik/Mint)
Air Chief Marshal Dhanoa was referring to the MiG-21 fighter aircraft that had been inducted into the force in 1973-74. (Indranil Bhoumik/Mint)

Why fly 44-year-old jets when old cars not on road: IAF chief BS Dhanoa

  • In February, Wing Commander Abhinandan Varthaman had shot down a Pakistani F-16 flying a MiG-21 Bison during a dog fight
  • Air Chief Marshal Dhanoa was referring to the MiG-21 fighter aircraft that had been inducted into the force in 1973-74

 (Photo: iStock)
 (Raj K Raj/HT)
The Union govt is all set to host J&K’s first investor summit in Oct.
A file photo of US President Donald Trump. (Reuters)
 (Photo: iStock)
Karnataka chief minister B.S. Yediyurappa (right) and governor Vajubhai Vala (centre) with former deputy chief minister K.S. Eshwarappa during the swearing-in ceremony of the BJP government in Bengaluru.  (Photo: PTI)
Karnataka chief minister B.S. Yediyurappa (right) and governor Vajubhai Vala (centre) with former deputy chief minister K.S. Eshwarappa during the swearing-in ceremony of the BJP government in Bengaluru. (Photo: PTI)

Yediyurappa inducts 17 ministers into his cabinet

  • Cabinet formation was entirely directed by the national leadership, say party leaders
  • Three Vokkaligas—Dr. C.N Ashwath Narayan, C.T.Ravi and R.Ashok—are part of the cabinet

 (HT )
Anopheles minimus mosquitoes are pictured at a lab in the Public Health Ministry in Bangkok, Thailand.  (Reuters)
Anopheles minimus mosquitoes are pictured at a lab in the Public Health Ministry in Bangkok, Thailand. (Reuters)

10 facts on how mosquitoes pose a threat to half the world

  • Hitting mosquitoes where it hurts – their eggs – is one way of controlling pesticide-resistant insects
  • About 90% of all malaria deaths occur in Africa. Currently in Burundi more than half the population is infected with malaria

NRAI and food aggregators have been at loggerheads over concerns that the restaurant industry is not benefiting from the rapid growth of the food aggregator and discounting ecosystem.  (Photo: S Sudarshan/ Mint)
NRAI and food aggregators have been at loggerheads over concerns that the restaurant industry is not benefiting from the rapid growth of the food aggregator and discounting ecosystem. (Photo: S Sudarshan/ Mint)

Restaurants tell food apps to end deep discounting

  • The dining platforms will come up with plans to modify schemes, say restaurants
  • Restaurant body asks platforms to make changes to their features to end deep discounting

While the positions in Bank of Baroda, Canara Bank and Punjab National Bank will fall vacant within the next couple of months, Bank of India has been headless since 1 July.pradeep gaur/mint
While the positions in Bank of Baroda, Canara Bank and Punjab National Bank will fall vacant within the next couple of months, Bank of India has been headless since 1 July.pradeep gaur/mint

Govt moves to appoint heads of BoI, BoB, PNB and Canara Bank

  • Govt has invited applications for the top posts in BoI, BoB, PNB and Canara Bank
  • The Banks Board Bureau (BBB) has invited applications for the post of managing director (MD) and chief executive officer (CEO) in four leading public sector banks

 (Photo: Reuters)
A Huawei retail store in Beijing.  (AP)
A Huawei retail store in Beijing. (AP)

US sanctions on Huawei bite, but who gets hurt?

  • China already has a policy seeking technological independence by 2025
  • Huawei is the world's leading provider of networking equipment, but it relies on US components including computer chips

US President Donald Trump. (Reuters)
Shell has decided to sell its stake and focus on other businesses in India.  (Photo: Bloomberg)
Shell has decided to sell its stake and focus on other businesses in India. (Photo: Bloomberg)

Shell exits city gas biz, sells stake to MGL for 770 crore

  • According to stock exchange data, BG Asia Pacific Holdings, a wholly owned subsidiary of Shell, sold 9.98 million shares through block deals at 780 each
  • When Mahanagar Gas was listed on 1 July 2016, Shell acquired a 34% stake in the company through BG Asia Pacific

 (Photo: iStock)
 (Photo: iStock)
(Photo: iStock)

Opinion | The competition law and data advantage conundrum

Network effects generate benefits but at the cost of choice, which is seen as vital for a good market

Sales volumes of consumer firms in rural areas fell 2% while those in urban areas were down 1% in the year to 31 May, a report said.
Sales volumes of consumer firms in rural areas fell 2% while those in urban areas were down 1% in the year to 31 May, a report said.

Consumer firms widen rural reach to tide over slowdown

  • Dabur, which is bolstering its rural footprint, is looking to expand to up to 65,000 villages by March 2021
  • Rural consumption has significantly slowed down in the past year impacting the sales volume growth of consumer goods companies

 (Photo: iStockPhoto)
H2O.ai investor base includes Barclays, Capital One, Crane Ventures, CreditEase, Goldman Sachs and others. (Photo: Bloomberg)
H2O.ai investor base includes Barclays, Capital One, Crane Ventures, CreditEase, Goldman Sachs and others. (Photo: Bloomberg)

H2O.ai raises $72.5 million led by Goldman Sachs and Ping An

  • H2O.ai plans to use the funds to accelerate innovation and expand sales and marketing globally
  • With the latest fundraise, the company has secured around $147 million so far

 (Photo: Bloomberg)
(Photo: Bloomberg)

Opinion | A community-based approach to business success and growth

A self-managed network of trust can deploy capital and generate wealth for the common good

The new set of Train 18 is likely to commence operations between Delhi and Katra. (@RailMinIndia)
Delhi CM Arvind Kejriwal flags off new buses. (Pradeep Gaur/ Mint )