The big boost to shareholder value is unmistakable and the equity market showed its appreciation by surging the most in a single day in over a decade. (iStock)
The big boost to shareholder value is unmistakable and the equity market showed its appreciation by surging the most in a single day in over a decade. (iStock)

Lower corporate tax may not be enough to jump-start economy

  • Besides a tax cut, the government needs a boost through policy rate cuts and may also need to raise its spending
  • The austerity among Indians has come partly due to wage stagnation even as cost of living went up

Sensex rose over 1,300 points in early trade (Reuters)

Mint SecureNow Mediclaim Ratings 2019

Don’t just go by premiums, check features and claims settlement too before buying a health plan Check the Ratings
This year we rated 24 insurance companies and 112 policies across three broad categories of price, features and claims. (Photo: iStock)
This year we rated 24 insurance companies and 112 policies across three broad categories of price, features and claims. (Photo: iStock)

Choose from India’s best health policies

  • Don’t stop at top-rated plans; find one that caters to your needs
  • The ratings should not only help you choose a plan well but also help you develop an understanding about what to look for in health insurance

Your morning ritual now travels with you!

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In the first quarter of FY20, earnings of the Mid-cap 100 fell by about 5%. (Photo: iStock)
According to a Credit Suisse report, there will be no material impact on tax rates on IT services companies following the tax cuts. (Photo: Abhijit Bhatlekar/Mint)
According to a Credit Suisse report, there will be no material impact on tax rates on IT services companies following the tax cuts. (Photo: Abhijit Bhatlekar/Mint)

Shares of IT companies fall as investors book profits

  • Analysts said IT stocks had traded at a premium to other stocks
  • The new taxation rule will be neutral event for Indian IT companies at the consolidate level, a report said

A study commissioned by AB-PMJAY found that one-third of all claims involved high-value claims.
Steel secretary said one has policy has already been prepared in the Ministry of Steel. (Photo: AP)
Steel secretary said one has policy has already been prepared in the Ministry of Steel. (Photo: AP)

Steel scrappage policy to be out next month

  • The proposed policy is aimed at having an assured and regular supply of processed scrap for the downstream industry
  • The policy will deal with scrap from automobile, household, structural, railways, industrial sectors, among others

A rush of new manufacturing companies linked to the EV sector will bolster the Modi government’s efforts to grow EV sales by making them more affordable and also cut crude oil imports. (Pradeep Gaur/Mint )
A rush of new manufacturing companies linked to the EV sector will bolster the Modi government’s efforts to grow EV sales by making them more affordable and also cut crude oil imports. (Pradeep Gaur/Mint )

Tax incentive for new firms could spark ‘make in India’ for EV parts

  • The govt’s steps are likely to boost local production of Li-ion batteries, charging equipment and other parts
  • The FM said new manufacturing companies set up on or after 1 October will pay income tax at the rate of 15%

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Citigroup has raised March 2020 Sensex index target to 40,500 from 39,000
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Prime Minister Narendra Modi and President Donald Trump shake hands after introductions during the 'Howdi Modi' event Sunday, Sept. 22, 2019, at NRG Stadium in Houston. Photo: AP
Prime Minister Narendra Modi and President Donald Trump shake hands after introductions during the 'Howdi Modi' event Sunday, Sept. 22, 2019, at NRG Stadium in Houston. Photo: AP

Narendra Modi wows America, Donald Trump wows India

  • US President Donald Trump says border security is vital to India and its people, just as it is to the US
  • This was Modi’s third event with the Indian diaspora in the US —the previous ones were in 2014 and 2015

5G will improve your network connection dramatically. (Getty Images)
5G will improve your network connection dramatically. (Getty Images)

Decoding 5G: What does this future tech means for you

  • Commercial 5G networks are starting to go live across the world
  • In 2020, worldwide 5G wireless network infrastructure revenue will reach $4.2 billion, according to Gartner

Our circle of competence can be widened, but only slowly and over time
Our circle of competence can be widened, but only slowly and over time

Opinion | How Oyo, Reliance Industries are breaking 'Circle of Competence'

Firms move into new businesses, especially if the core business is unable to deliver growth

Earlier in August, DHFL had said that its draft resolution plan spares creditors from having to take haircuts on principal payments.
Earlier in August, DHFL had said that its draft resolution plan spares creditors from having to take haircuts on principal payments.

Use of insolvency code in Dewan Housing will expedite resolution process

  • The lenders are now preparing the resolution plan for DHFL under RBI’s new framework for resolution of stressed assets
  • On 30 August, DHFL had said its board approved the plan to convert the whole or part of its debt into shares

MAT is the minimum tax to be paid by companies that keep their taxable profit low by using tax breaks. (Bloomberg)
MAT is the minimum tax to be paid by companies that keep their taxable profit low by using tax breaks. (Bloomberg)

MAT breather to give a leg-up to bankruptcy resolution and M&As

  • Analysts say the MAT exemption will lead to better realization of the asset sale
  • The Taxation Laws (Amendment) Ordinance exempts companies opting for the lower corporate tax rate of 22% and new manufacturing firms eligible for 15% tax rate from payment of MAT

The new SBI loans will be offered from October 1 (Mint)
The fiscal deficit can be even higher than 4% if GDP in nominal terms does not grow by 12% as the budget expects it to.  (Photo: Aniruddha Chowdhury/Mint)
The fiscal deficit can be even higher than 4% if GDP in nominal terms does not grow by 12% as the budget expects it to. (Photo: Aniruddha Chowdhury/Mint)

After Sitharaman’s tax bonanza come the big challenges

  • The fiscal deficit can be even higher than 4% if GDP does not grow by 12% as the budget expects it to
  • One option for the government is to push through genuine disinvestment by selling PSEs to private firms

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Our product criteria focus has remained the time that pre-existing diseases are excluded and the restrictions on room type. (Photo: iStock)
The company recently teased a new feature that lowers the volume of the TV when a user receives a call.
The company recently teased a new feature that lowers the volume of the TV when a user receives a call.

New OnePlus devices to debut on 26 September 'Special Event': 5 things to know

  • OnePlus is expected to launch the yearly successors to its 'flagship killing' devices and a brand new member in the company's lineup—the OnePlus TV
  • The OnePlus TV will sport a unique design and will powered by Android with OnePlus' custom UI running atop

Plain Facts
The bonanza was better than anticipated for hotels. (Photo: Ramesh Pathania/Mint)
The mindless consolidation of public sector banks is also not reform. (Reuters)
Trade website Box Office India said the three films had pretty much sealed their fate on Saturday. (Photo: HT)
Trade website Box Office India said the three films had pretty much sealed their fate on Saturday. (Photo: HT)

New releases open dull while 'Dream Girl,' 'Chhichhore' hold strong

  • The winner of the week is a Punjabi film called Nikka Zaildaar 3 that collected 1.3 crore on Friday
  • Ayushmann Khurrana-starrer Dream Girl collected 24.75 crore over the second weekend, taking its 10-day total to 95 crore

About 40% of the Kotak Mutual Fund holdings are financial stocks
About 40% of the Kotak Mutual Fund holdings are financial stocks

Kotak Mahindra Mutual Fund bets on rebound in midcap, smallcap stocks

  • Currently, this as a good opportunity to enter midcap and smallcap segments of the market: Kotak Mutual Fund
  • Kotak Standard Multicap Fund, the company’s biggest fund, has returned an average of about 11% over the past five years

According to a CRISIL report, the cut in corporate tax will help the top 1000 listed companies save at least  ₹37,000 crore this fiscal. (Photo: Hindustan Times)
WhatsApp has begun rolling out a feature for Android users to let them share their status stories directly on Facebook Story and other apps.
WhatsApp has begun rolling out a feature for Android users to let them share their status stories directly on Facebook Story and other apps.

WhatsApp new feature: Share status on Facebook

  • Just like Instagram, WhatsApp's status Stories let users post images, text and videos on your profile that disappear after 24 hours
  • To use this feature, tap on share button which will show you the apps you can share your WhatsApp status with

Wednesday could be the last working day of the week at most banks due to the strike call. (Mint)
With one of the focus areas being hydropower, the strategy will help establish first-user rights to the waters of the Brahmaputra, thus helping fast-track projects in the North-East. Mint
Prime Minister Narendra Modi addresses the Howdy Modi event as US President Donald Trump looks on, at NRG Stadium in Houston on Sunday.  (Photo: ANI)
Prime Minister Narendra Modi addresses the Howdy Modi event as US President Donald Trump looks on, at NRG Stadium in Houston on Sunday. (Photo: ANI)

From being shunned to an adored leader – Modi’s journey as a politician

  • Modi’s first visit as prime minister in 2014 saw him speak at a public event in New York’s Madison Square Garden
  • The gathering at the NRG Stadium in Houston, Texas on Sunday saw the largest number of admirers and fans in Indian community

According to the report, the last time Earth's atmosphere contained 400 parts per million CO2 was about 3-5 million years ago. (Photo: PTI)
The TOT model is part of the Centre’s efforts to monetize public infrastructure and build new assets.
On 9 September, the government banned electronic cigarettes amid growing fears over the health risks posed by vaping.
The ROG Phone 2
Prime Minister Narendra Modi had launched the scheme on 23 September, 2018, from Ranchi in Jharkhand. (Photo: Mint)
Sahil Kini (left) co-founder and CEO of Setu with co founder and chief evangelist Nikhil Kumar. (Gopal Krishan/Mint)
Sahil Kini (left) co-founder and CEO of Setu with co founder and chief evangelist Nikhil Kumar. (Gopal Krishan/Mint)

Connecting dots to automate digital payments

  • Sahil Kini and Nikhil Kumar, who earlier worked on Aadhaar and UPI, are rolling out the first of their financial products
  • Setu’s Collect serves as the link between payment apps and the service a customer is paying for

Axis Bank’s fundraise is India’s second-largest qualified institutional placement, after SBI’s  ₹15,000 crore QIP in 2017. (Aniruddha Chowdhury/Mint)
Finance minister Nirmala Sitharaman(Photo: Pradeep Gaur/Mint)
Effective 1st October, SBI will also charge for transaction decline due to insufficient balance and cardless cash withdrawal at ATMs.
Effective 1st October, SBI will also charge for transaction decline due to insufficient balance and cardless cash withdrawal at ATMs.

SBI daily ATM cash withdrawal limit for different debit cards

  • Depending on the card and its variant, different cash withdrawal limits are applicable to SBI debit cards
  • SBI allows free transactions to its customers at ATMs for 8-10 times in a month

Gold, silver price: On MCX, gold prices were trading near  ₹37,950per 10 gram while silver rose to  ₹47,277 per kg
India too has been witnessed blazing heatwaves which have intensified over the years. (Photo: HT)
The latest round of price hike is a direct effect of spike in crude oil rates after an attack on Saudi Arabia's oil facilities. (Mint)
The latest round of price hike is a direct effect of spike in crude oil rates after an attack on Saudi Arabia's oil facilities. (Mint)

Petrol price at year-high today, diesel highest in several months

  • Petrol price has never been more expensive than today in 2019
  • If the last seven days are taken into account, then the petrol price has gone up by 1.88 per litre and diesel price by 1.50 a litre

The Lucknow to New Delhi ticket prices for IRCTC's Tejas Express will be  ₹1,125 for AC chair car and  ₹2,310 for executive chair car. (HT)
The Lucknow to New Delhi ticket prices for IRCTC's Tejas Express will be 1,125 for AC chair car and 2,310 for executive chair car. (HT)

Railways' first private train sees strong bookings. Delhi-Lucknow Tejas features

  • The Lucknow to New Delhi ticket prices for IRCTC's Tejas Express will be 1,125 for AC chair car and 2,310 for executive chair car
  • The fares may vary along all sections since the train will operate on the flexi-fare scheme

In the year so far, the rupee has weakened 1.65%. (Photo: Bloomberg)
India and US plan to further strengthen their Strategic Energy Partnership that was launched in New Delhi in April last year. (Photo: Reuters)
India and US plan to further strengthen their Strategic Energy Partnership that was launched in New Delhi in April last year. (Photo: Reuters)

Energy is the new bridge in US-India relationship

  • India has been sourcing LNG and crude oil from the US, with Indian companies investing $4 billion in US shale gas assets
  • After the four-decade ban on US oil exports, the first crude oil shipment from the US to India arrived in October 2017 in Odisha

A file photo of US President Donald Trump with PM Narendra Modi. (Photo: AP)
A file photo of US President Donald Trump with PM Narendra Modi. (Photo: AP)

Is India becoming a part of US election metric?

  • Modi introduced Trump as “my friend” under whose watch India-US relations have soared
  • The size of the gathering and Modi’s seeming show of support for Trump ahead of the US elections was not lost on anyone

Punjab police on Sunday said it busted a terrorist module of the now-revived Khalistan Zindabad Force that was preparing to strike in Punjab. (Photo: ANI)
Punjab police on Sunday said it busted a terrorist module of the now-revived Khalistan Zindabad Force that was preparing to strike in Punjab. (Photo: ANI)

Khalistani terror footprint in Punjab, state police suspects drone usage

  • A senior official familiar with the development said the district has had a history of breeding Khalistani terrorist groups
  • The police have arrested four and seized a cache of arms, including five AK-47 rifles, pistols, satellite phones and hand grenades

Maharashtra chief minister Devendra Fadnavis with Shiv Sena president Uddhav Thackeray. ht
Maharashtra chief minister Devendra Fadnavis with Shiv Sena president Uddhav Thackeray. ht

BJP, Shiv Sena look to iron out differences over seats in Maharashtra

  • Shiv Sena leaders have maintained that they will not settle for anything less than 135 seats out of the total 288
  • Several senior BJP leaders in Maharashtra believe that since BJP already has 122 members of legislative assembly because the party had contested a majority number of seats alone in the previous assembly elections in 2014

ITR forms will soon be pre-filled with information already with the income tax department. Tax payers can however modify the available information. Photo: Pradeep Gaur/Mint
ITR forms will soon be pre-filled with information already with the income tax department. Tax payers can however modify the available information. Photo: Pradeep Gaur/Mint

Have a tax query? Get it answered straight from Income Tax officers

  • The Income Tax department has a form for you to ask all your questions related to tax refunds, ITR processing, etc
  • Once you submit all the details in the form, you will get a ticket id on the screen as well as on SMS

EPFO has laid down guidelines for making e-nomination.
Most banks offer a 50 basis points (bps) higher interest rate on deposits made by senior citizens (iStock)
India has set its own trajectory towards open banking, first with Aadhaar enabling eKYC, and then the launch of unified payments interface (UPI). (Priyanka Parashar/Mint)
India has set its own trajectory towards open banking, first with Aadhaar enabling eKYC, and then the launch of unified payments interface (UPI). (Priyanka Parashar/Mint)

The bits of code pushing the next leap in online transactions

  • Payments serve as a good entry point for digital transactions, but the real game-changer for financial inclusion is mobile access to banks, loans and deposits
  • The main challenge is in reaching rural areas where merchants prefer cash, and digital access is poor

Prime Minister Narendra Modi
Prime Minister Narendra Modi

Tax cut gives PM Modi perfect pitch to win US investments

  • The corporate tax cut on Friday, will strengthens PM Modi's pitch to US CEO's about the ease of doing business in India
  • The corporate tax cut to rival some of the lowest in Asia, helping India compete with the likes of Vietnam, Indonesia to attract investments

Houston: Prime Minister Narendra Modi and President Donald Trump shake hands after introductions during the 'Howdi Modi' event Sunday, Sept. 22, 2019, at NRG Stadium in Houston. AP/PTI Photo (AP)
Prime Minister Narendra Modi addresses the Howdy Modi event, at NRG Stadium in Houston.  (ANI )
Prime Minister Narendra Modi addresses the Howdy Modi event, at NRG Stadium in Houston. (ANI )

PM Narendra Modi slams Pakistan over terror

  • PM Modi pointed out that the move to scrap the provision was debated in the upper and lower houses of parliament for hours and the debates involved were telecast live
  • The significance of Modi’s message to Pak, given in public and with Trump in the audience, could not have been lost on the audience

Prime Minister Narendra Modi was presented the key to Houston city upon his arrival at the Howdy Modi event. (ANI)
Prime Minister Narendra Modi was presented the key to Houston city upon his arrival at the Howdy Modi event. (ANI)

‘Howdy, Modi!’ event: India has given farewell to Article 370, says PM Modi

  • PM Modi hit out at Pakistan for its support to terrorism and said India's decision to nullify Article 370 has caused trouble to those who cannot handle their country
  • PM Modi said he met Trump a few times and every time he has been warm, friendly, accessibly, energetic and full of wit

President Donald Trump stands on stage with Indian Prime Minister Narendra Modi at NRG Stadium, Sunday, Sept. 22, 2019, in Houston, during a 'Howdy Modi: Shared Dreams, Bright Futures' event. (AP)
President Donald Trump stands on stage with Indian Prime Minister Narendra Modi at NRG Stadium, Sunday, Sept. 22, 2019, in Houston, during a 'Howdy Modi: Shared Dreams, Bright Futures' event. (AP)

Howdy Modi: Modi has Trump’s hands on his shoulder as anthems play

  • ‘Shared Dreams, Bright Futures,’ has been organized by Texas India Forum
  • Modi welcomed 'a very special person whose name is familiar to every person on the planet'

Small finance banks with a net worth of over  ₹500 crore were mandated by RBI to list within three years of launching operations and that deadline is approaching for many of the 10 SFBs that won approvals in Sep 2015. (Photo: Mint)
Small finance banks with a net worth of over 500 crore were mandated by RBI to list within three years of launching operations and that deadline is approaching for many of the 10 SFBs that won approvals in Sep 2015. (Photo: Mint)

Five small finance banks line up 4,000 cr initial public offerings

  • Fincare, ESAF and Utkarsh among those looking to list as an RBI deadline for public listing draws closer
  • Small finance banks looking to go public could face key challenges, given the ownership structure

Prime Minister Narendra Modi addresses the Howdy Modi event, at NRG Stadium in Houston on Sunday.  (Photo: ANI)
Prime Minister Narendra Modi addresses the Howdy Modi event, at NRG Stadium in Houston on Sunday. (Photo: ANI)

At Howdy Modi, PM says ‘all is well’ in multiple languages, ends Hindi debate

  • The crowd went into raptures as Modi talked about diluting Article 370 and in a reference to Pakistan, said it was time to unite against terrorism and those behind it
  • Bonhomie was all on display at the stadium as US President Donald Trump and Modi showered praise on each other