Polarisation in Nifty stocks gets starker

• Nifty has risen 11% during this period thanks to the rally in large stocks
• MSCI India index is trading at one-year forward price-to-earnings multiple of 18 times

The 3 challenges facing Nirmala Sitharaman

• Nirmala Sitharaman needs to address the slowdown challenge and help restore the credibility of both fiscal and macro-economic statistics

Behind the bond market’s optimism lurks a fear

• The drop in yields is not entirely market-driven
• First cracks have surfaced with yields climbing up 7 bps in the past three trading sessions

Gold prices fall sharply after rising closer to ₹35,000

• Gold prices in India mirrored a weak global trend
• After years of underperformance, gold prices have rallied in recent months

Adani Ports to raise $750 million via offshore bonds

• The company plans to use the proceeds to refinance its existing debt and also for other purposes
• The funds raised through the bond issuance will be used for capital expenditure, including lending to its subsidiaries for capital expenditure purposes and repaying existing debt

Things you should know before you rent a house

• Landlords can cause trouble if you are not aware of what your rights as a tenant are
• Repairs should be done with the mutual consent of both tenant and landlord. The landlord should bear the cost of construction and repairs

Funds flock to India to escape slumping yields

• Regional securities such as Indonesian and Indian debt are a standout in a global environment
• Portfolio managers reason that regional central banks are likely to follow in Federal Reserve’s footsteps

Pompeo meets PM Modi, discusses key strategic issues

• US Secretary of State Mike Pompeo's talks will be the first high-level interaction between the two countries after the Modi government's return to power last month
• His visit comes ahead of a meeting between US President Donald Trump and Modi on the sidelines of the G20 Summit in Osaka later this week

Will Flipkart IPO set the ball rolling for Indian unicorns?

• Flipkart has been the poster boy of India’s much feted consumer internet story since it was founded in 2007
• Mint analyses what an IPO means for Flipkart and whether this could set a precedent for other Indian unicorns

Own damage motor insurance can now be bought separately

• The regulator’s circular on standalone OD policies promises to give more power to the policyholder
• Insurers can issue standalone TP insurance, but most private-sector insurers sell it as a bundled product with OD

US central bank looking 'very carefully' at Facebook's crypto coin Libra

• Facebook said last week it wanted to expand into payments
• The company will launch Libra by next year

Pastoralists of Himachal Pradesh an unusual casualty of global warming

• Climate change has led the Gaddi tribe to abandon its traditional livelihood of rearing sheep and goats
• Studies show that the temperature humidity index (THI), a measure of heat stress faced by animals is projected to rise in many parts of the state

Why is third-party motor insurance cover mandatory?

• The SC in July last year made it mandatory for all car owners to have a 3-year TP policy and 2-wheeler owners to have a 5-year policy
• Third-party property damages are covered up to a sum of ₹7.5 lakh. If the damage is beyond the insurance cover, the policyholder has to bear the additional expense

Data storage rules out of e-commerce policy

• The contentious data protection issue will now be handled by IT ministry
• Commerce minister Piyush Goyal said the govt’s aim would be to bring a convergence of interests between e-tailers and small retailers

Amazon, Flipkart warned over steep discounts: Report

• Small traders allege that online retailers use complex business structures to circumvent new FDI rules, and still burn billions of dollars to offer discounts
• The report said the govt was prepared to listen to concerns about the new FDI norms aimed at deterring them from providing steep discounts

Disney poaches top Netflix film executive for streaming service

• Matt Brodlie will lead international content development for its upcoming family-oriented streaming service called Disney+
• Brodlie also acquired award-winning movies "Roma" and "Mudbound" for Netflix

For this serial entrepreneur, travel sparks business ideas

Jaypore’s Shilpa Sharma says travel has steered her into interesting meetings and entrepreneurship opportunities

Why Google's media literacy programme is not just for kids

• With the project, Google will teach children how to spot “fake news” and disinformation online
• Google has also introduced a game called "Interland"—an online adventure that puts the key lessons of digital safety into hands-on practice with four challenging stages

Fintech Startup Recko gets $1mn seed funding from Prime Venture Partners

• Digital payments in India are expected to more than double to $135.2 billion in 2023
• Recko is at a run rate of reconciling a quarter billion transactions annually

Google Maps launches 'Stay Safer' feature in India

• The feature will alert and notify users traveling in taxis, auto-rickshaws when their vehicle goes off-route
• Indian users will be able to use the new feature on their Android phones with the latest version of Google Maps

India's gold demand could fall to three-year low as prices hit record high

• Lower purchases by India could limit a gold rally in global prices that hit a 6-year high earlier this week
• Volume-wise demand for gold is expected to drop 10% from last year

Possible outcome of Trump-Xi meeting: A truce in trade war

• Until last month, the Trump administration and Beijing seemed to be edging toward an agreement to end the trade war
• Trump has ordered US Trade Representative Robert Lighthizer to prepare import taxes on $300 billion in Chinese goods

Developers put foreign projects on hold amid crisis at home

• Indian developers who chased the projects in foreign locales in the go-go years of real estate are exiting them or putting their plans on hold, as they focus on the home market
• A couple of developers who are still pursuing projects overseas are mainly relying on less capital-intensive projects

DHFL delays payment on outstanding bonds for the second time

• The housing finance company has repaid ₹150 crore of the total ₹375 crore to 12 investors
• This is the second time this month that the company has missed the repayment deadline on a set of outstanding bonds

Tax on your gold and real estate investments

• If you choose to reduce exposure to gold and real estate, do pay attention to the tax rules that will apply
• Here is a look at the taxes that apply to short-term and long-term gains from these two asset classes

Despite push, India has a lot of ground to cover on shift to electric cars

• Govt’s push is welcome, but industry-readiness is an important factor
• The transition could become a reality with Prime Minister Narendra Modi government’s massive and sustained push towards a complete switch to electric mobility

Increasing wealth is changing the way people die in China

• The study, published this week in the Lancet, showed lung infections and neonatal disorders as the lead killers in China
• China has unusually high levels of stroke, COPD, lung cancer, liver cancer, neck pain and stomach cancer, the study said

With Piramal’s exit, life comes full circle for Shriram Group

• Piramal Enterprises and private equity firm TPG Capital have decided to sell their stakes in Shriram Capital
• Piramal invested in Shriram Group with a view to merge Shriram Cap with Piramal Enterprises

Capgemini makes big acquisition to compete 'more aggressively with Accenture'

• The company is looking to maintain its position as a major IT consultancy in a consolidating industry
• The combination of the two companies will result in a group with 17 billion euros in annual revenue

From Tesla and toward SpaceX: Elon Musk’s fortune is seeing a shift

• Musk is the world’s 41st richest person with a net worth of $22.4 billion, according to the Bloomberg Billionaires Index
• SpaceX now makes up two-thirds of his wealth, with Tesla accounting for most of the remaining third

Air India board to discuss asset sale at July meeting

• The board will also discuss transfer of non-operational assets to govt-approved SPV
• Air India seeks to sell its real estate assets to raise funds after a failed attempt in 2018

Updated 'Avengers: Endgame' to be released this week

• The new version of 'Endgame' will head to theatres three weeks before Disney debuts a remake of film classic 'The Lion King'
• The movie is the culmination of a story told in 22 Marvel Studios films over a decade

Trump threatens 'obliteration' as Iran condemns sanctions on Khamenei

• Trump threatens fierce retaliation for any Iranian attack
• President Rouhani says White House is 'mentally retarded'

Japanese firm ready to pay over ₹2,200 crore for 3-acre plot in Mumbai's BKC

• The bid for the plot in Mumbai's prime BKC works out to around ₹745 crore per acre
• The bid is billed among the biggest in India in recent times

Your best options to secure your family's health with a cover of ₹20 lakh

• Take a look at best health insurance plans for you and your family
• To give you a ready comparison, we designed Mint SecureNow Mediclaim Ratings

Tax exemption on preventive health check-up should be raised in budget: FICCI

• FICCI wants tax exemption on preventive health check-up to be raised from ₹5,000 to ₹20,000 under Section 80 D
• FICCI has sent in its budget recommendations to the government

Elon Musk says Tesla has enough orders to set delivery record

• Tesla shares have slumped 34% this year in part due to demand concerns that Musk has repeatedly downplayed
• The company has forecast that it will deliver 90,000 to 100,000 cars in the second quarter

Sales of old jewellery, Rolexes jump amid rally in gold prices

• Refiners and recyclers of the precious metal are riding the rally as investor interest returns to gold after years
• The aggregate open interest is up 26% this month, the most in almost two years

US Secretary of State Mike Pompeo arrives in India for three-day state visit

• Pompeo will meet External Affairs Minister S Jaishankar on Wednesday
• Pompeo's visit comes amidst rising tensions between the US and Iran over fresh sanctions imposed on Tehran

3 killed as Howrah-Jagdalpur Samaleswari Express hits maintenance tower car

• Fire brigade and ambulance were sent to the site and senior officers from Visakhapatnam also rushed in
• A maintenance tower car is used for inspection and maintenance of overhead electric transmission equipment of routes that are electrified

Debit cards can offer a host of benefits

• Just like credit cards, debit cards can also give rewards such as airport lounge access, vouchers and personal accident insurance
• The only benefits that a debit card cannot give compared to a credit card are an interest-free period and the ability to spend money on credit

Asus 6z goes on first sale today: Check price, specifications, offers

• The Asus 6z starts at ₹31,999 for the 6GB/64GB variant and comes in two other variants priced at ₹34,999 (6GB/128GB) and ₹39,999 (8GB/256GB)
• The smartphone competes with the OnePlus 7 Pro, as well as Redmi's upcoming flagship smartphone, the K20 Pro

Stock trading startup Streak AI raises $1 million from 3one4 Capital

• The fund would focus on Series B and subsequent rounds
• The startup had last raised $350,000 from Rainmatter in 2017

RBI union moots collegium to select governors, deputy governors

• As per the Section 8 of the Reserve Bank of India Act of 1934, the governor and deputy governors are appointed by the government
• The central bank's employees association has called for a collegium of experts to select new governor and deputy governors

Govt likely to use ₹3-trillion RBI windfall to pay regular bills: Report

• The money will come in over three years and is most likely used for regular government spending, Japanese brokerage Nomura said
• Report said there is a 45% probability for the money to be used for regular government spending and only 20% chance that it will be used for bank recapitalisation