The ministry also denied that the report was withheld due to its ‘adverse’ findings (Mint )
Either side could appeal against the panel's latest findings. (Reuters )
Either side could appeal against the panel's latest findings. (Reuters )

WTO rejects most Indian claims against US steel duties

  • India had complained that the United States failed to meet an April 2016 deadline to comply with a WTO decision
  • India's complaint alleging US non-compliance listed 14 areas where it said the United States was in breach of the international trade rules

IndiGo has 98 A320 family aircraft (Photo: Ramesh Pathania/Mint)
IndiGo has 98 A320 family aircraft (Photo: Ramesh Pathania/Mint)

IndiGo, GoAir get more time to replace engines

  • Aviation regulator has asked the airlines to replace engines on 36 Airbus A320neo planes by 24 November
  • IndiGo's deadline to replace all engines with modified LPTs remains 31 January, 2020

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Sitharaman said it’s a bit too soon to say whether Asia’s third-largest economy would be able to stick to its fiscal deficit targets. (PTI)
Sitharaman said it’s a bit too soon to say whether Asia’s third-largest economy would be able to stick to its fiscal deficit targets. (PTI)

Finance Minister Nirmala Sitharaman rules out quick recovery for economy

  • Nirmala Sitharaman said it’s a bit too soon to say whether Asia’s third-largest economy would be able to stick to its fiscal deficit targets
  • The government’s asset sales program -- key to plugging a gaping hole in the budget -- is moving ahead comfortably, she said

The airline had negative net worth for long, and had run a loss of more than  ₹13,000 crore over the past few years.
The airline had negative net worth for long, and had run a loss of more than 13,000 crore over the past few years.

Synergy Group seeks time till December for Jet Airways bid

  • The airline’s assets will likely be liquidated if Synergy fails to draw up a resolution plan
  • Synergy Group had time till 15 November to submit its bid for the grounded airline

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Sumit Sharma, director of the Earth Science and Climate Change division at The Energy and Resources Institute (Teri).
Sumit Sharma, director of the Earth Science and Climate Change division at The Energy and Resources Institute (Teri).

‘The fight against air pollution shouldn’t be just Delhi-centric’

  • Schemes like odd-even are temporary and don’t work so well in the long run, especially when you don’t have an alternative in place
  • We can’t solely pass on the blame of stubble burning onto the farmers. We need to incentivize the process

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The new Perak model will offer double-channel anti-lock braking system
The new Perak model will offer double-channel anti-lock braking system

Classic Legends launch Jawa Perak at 1.94 lakh

  • The Jawa Perak is powered by a 334cc, single-cylinder, liquid-cooled, 30 bhp engine
  • The company has notably revised the existing 293cc, single-cylinder, 27bhp engine that powers the Jawa and the Forty Two models

Mark to Market
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Long Reads
Photo: Mint
Plain Facts
Not withdrawal from RCEP, but protectionism in India can end up hurting industry and consumers in the long run (Photo: Mint)

Protectionism should worry India

4 min read . 12 Nov 2019
Not every child entitled to mid-day meals gets it. A survey shows  82% children in govt schools received mid-day meals (Photo: Mint)

The case for mid-day meals for all

3 min read . 11 Nov 2019
A file photo of Bandra Worli Sea link (Photo: Hindustan Times)

Which is India’s most livable city?

3 min read . 10 Nov 2019
INDICES
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Gainers & Losers
The number of ‘smart home’ customers using Alexa in India has grown sixfold in the last 12 months.  (Photo: Bloomberg)
The tariff of food onboard Rajdhani, Shatabdi and Duronto trains was last revised in 2013. (Mint)
Charlie’s Angels
Raw Mango is organizing a mela (fair), curating other contemporary brands such as Itoh, NorBlack NorWhite, and Pahadi Local, which are inspired by Indian design
Raw Mango is organizing a mela (fair), curating other contemporary brands such as Itoh, NorBlack NorWhite, and Pahadi Local, which are inspired by Indian design

How to Lounge this weekend

  • From a design fair by Raw Mango featuring homegrown brands in Delhi to Tata Lit Live!, the literature festival featuring authors from across the world
  • Treat yourself to some indigenous Indian food at the Isuzu X Food Festival in Mumbai

India announced its intention to acquire S-400 'Triumf' surface-to-air missile systems in 2015. (AP)
Don't want any company to shut operations, want all to flourish: FM on stress in telecom sector. (REUTERS)
Don't want any company to shut operations, want all to flourish: FM on stress in telecom sector. (REUTERS)

Government considering telecoms firms' request for relief on overdue payments

  • India has formed a panel of bureaucrats to suggest ways to alleviate financial pressures on the telecoms sector
  • Bharti and Vodafone Idea are due to pay the bulk of 920 billion rupees ($13 billion) in overdue levies

The bank deposits are insured by Deposit Insurance and Credit Guarantee Corporation (DICGC) (Hemant Mishra/Mint)
Union Environment Minister Prakash Javdekar addressing a press conference, in New Delhi.  (ANI )
Union Environment Minister Prakash Javdekar addressing a press conference, in New Delhi. (ANI )

Government withdraws draft bill to amend Forest Act

  • Published in March, the draft sparked protests from tribal groups over some of the proposed changes
  • Prakash Javadekar said that a “wrong impression” was created that the government wants to amend the IFA, 1927

Akshaya Moondra, chief financial officer of VIL, said the company continues to remain engaged with its financial creditors but asserted that there is no acceleration of payment which has happened. (REUTERS)
Akshaya Moondra, chief financial officer of VIL, said the company continues to remain engaged with its financial creditors but asserted that there is no acceleration of payment which has happened. (REUTERS)

Believe govt is aware of telcos' stress: Vodafone Idea CEO Ravinder Takkar

  • Vodafone Idea Ltd (VIL) plans to monetise its 11.15% stake in Indus Towers on completion of the Indus Towers-Bharti Infratel merger
  • The Supreme Court, last month, ruled in favour of the government and directed telecom companies, including Vodafone Idea, to pay dues

The acquisition of Essar Steel will make Arcelor the fourth-biggest producer in the country
The acquisition of Essar Steel will make Arcelor the fourth-biggest producer in the country

Supreme Court paves way for ArcelorMittal's takeover of Essar Steel

  • The world’s largest steelmaker, ArcelorMittal, and its partner Nippon Steel Corp had offered to pay 42,000 crore in cash to creditors and pump another 8,000 crore in the mill last year

PMEAC chairman Bibek Debroy. Photo: Pradeep Gaur/Mint
Future Group CEO Kishore Biyani.  (HT )
If you are invested in any of the debt fund having exposure to the debt papers of Vodafone Idea, you should be worried but panic won’t help. (Reuters)
Sensex rose 70 points to finish at 40,356
Photo: HT
Fortis shares plunged as much as 17.4% today
Traffic symmetry indicates that telecom operator will not have any outstanding balance of interconnect usage charges (IUC) against other networks (Aniruddha Chowdhury/Mint)
Traffic symmetry indicates that telecom operator will not have any outstanding balance of interconnect usage charges (IUC) against other networks (Aniruddha Chowdhury/Mint)

Delay in implementation of zero IUC to hurt service affordability: Jio

  • Traffic symmetry indicates that telecom operator will not have any outstanding balance of interconnect usage charges (IUC) against other networks
  • Airtel said that IUC should not come down to zero and the BAK regime should be postponed by at least three years

Axis Small Cap fund has delivered a return of around 22% over the past one year. Photo: Mint
Axis Small Cap fund has delivered a return of around 22% over the past one year. Photo: Mint

Axis Small Cap fund outperforms in last one year. But is that enough?

  • Most of the funds in the small cap category are in negative territory over this period
  • Going by one year's track record, the fund's outperformance looks impressive, but investors shouldn't lose sight of the fact that equities are long term vehicle of investments

Airbus chief technology officer Grazia Vittadini. (Photo: Bloomberg)
The distress in the countryside, we know, was especially severe. (Mint )
The distress in the countryside, we know, was especially severe. (Mint )

Opinion | The curious case of a consumption decline

A leaked NSO survey report says that expenditure by consumers across India actually fell over a six-year span till 2017-18. This is at odds with our GDP data. So what explains this finding?

Photo: Pradeep Gaur/Mint
If India is to revive its flagging export sector, it will have to reshape its policy mix in various ways
If India is to revive its flagging export sector, it will have to reshape its policy mix in various ways

Opinion | India’s export woes

Exporters have had to suffer inordinate delays in the refunds due to them under the goods and services tax regime

The patent was filed back in August 2018 before it was granted and published last month. (REUTERS)
The patent was filed back in August 2018 before it was granted and published last month. (REUTERS)

Xiaomi patents vertically folding smartphone

  • The patent was filed back in August 2018 before it was granted and published last month
  • Xiaomi is expected to release a foldable phone by the end of 2019

Haldiram Snacks had earmarked  ₹135.64 crore for the financial creditors out of its total offer of  ₹141.59 crore to acquire Kwality Ltd.
Union minister Suresh Angadi
Some commentators defended the hotel, saying customers pay for ambiance and service rather than food. (@ShekharRavjiani)
Some commentators defended the hotel, saying customers pay for ambiance and service rather than food. (@ShekharRavjiani)

1,672 for 3 eggs is 'eggxorbitant', says composer Shekhar

  • As per the bill, the price of three Boiled Eggs was 1,350, service charge was 67.50 and state GST and Central GST accounted for 127.58 each
  • Some commentators defended the hotel, saying customers pay for ambiance and service rather than food

The device will be available across all major e-commerce platforms and retail outlets in Splendid Turquoise Blue and Starry Black colour options. (REUTERS)
The device will be available across all major e-commerce platforms and retail outlets in Splendid Turquoise Blue and Starry Black colour options. (REUTERS)

Panasonic refreshes Eluga smartphone series in India

  • The phone runs Android 9 Pie out of the box and packs 4000mAh battery which aims an ample backup to last an entire day
  • The device will be available across all major e-commerce platforms and retail outlets in Splendid Turquoise Blue and Starry Black colour options

Photo: ANI
Photo: Mint
Photo: Mint

RCom posts 30,142 cr loss in Jul-Sept quarter

  • The company had made a profit of 1,141 crore in the corresponding three months a year ago
  • Revenue from operations of RCom dipped to 302 crore during the reported quarter from 977 crore it recorded in the corresponding period of 2018-19

Congress MP Shashi Tharoor (Photo: PTI)
Bill Gates, co-chair, Bill & Melinda Gates Foundation, and Rishad Premji, chairman of Wipro Ltd
Bill Gates, co-chair, Bill & Melinda Gates Foundation, and Rishad Premji, chairman of Wipro Ltd

Mint Visionaries 2019 - An overview

  • Bill Gates, co-chair, Bill & Melinda Gates Foundation, will be in conversation with Rishad Premji, chairman of Wipro Ltd

New design locomotive ready for dispatch