If you were planning to take a home loan, or to purchase a car with loan funds, you may now get a lower rate and probably pay a lower EMI. Photo: iStock
If you were planning to take a home loan, or to purchase a car with loan funds, you may now get a lower rate and probably pay a lower EMI. Photo: iStock

Post RBI policy, no immediate gains for borrowers, but depositors to suffer

  • RBI adopted unconventional measures to bring down the cost of funds for banks
  • If lending rates come down, auto and realty sectors could witness a pick-up in sales

A file photo of Suzlon’s windmill power generation in Rajasthan. (Mint)
A file photo of Suzlon’s windmill power generation in Rajasthan. (Mint)

Why debt restructuring alone cannot save Suzlon Energy

  • Lack of funds and tight liquidity conditions have hampered execution, resulting in a loss of market share
  • In an industry that constantly invests to lower costs of energy, playing catch-up can be tough for Suzlon, unless it finds a strategic partner

Pic: Colour Yellow Productions (@cypplOfficial)
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Due to a variety of unresolved legal and operational details, valuers believe the chances of an LIC IPO materializing in FY21 are low. (Photo: Pradeep Gaur/Mint)
Due to a variety of unresolved legal and operational details, valuers believe the chances of an LIC IPO materializing in FY21 are low. (Photo: Pradeep Gaur/Mint)

What value may lie within the doors of LIC

  • The Centre’s 2.1 trillion disinvestment bet may rely heavily on a stake sale in LIC. What are the odds of a windfall?
  • LIC will have to review its profit- sharing arrangement and improve product mix, persistency ratios for a decent valuation. Fears of government influence continue to loom over the valuation

According to government calculations, Vodafone Idea needs to pay  ₹50,000 crore as AGR dues, but the company believes its dues are half that amount. (Pradeep Gaur/Mint)
According to government calculations, Vodafone Idea needs to pay 50,000 crore as AGR dues, but the company believes its dues are half that amount. (Pradeep Gaur/Mint)

Government may hire auditors to settle AGR dues row

  • The exercise, if successful, may help telcos and govt reach middle ground
  • Vodafone Idea owes 50,000 cr, of which it has paid 2,500 cr on Monday and another 1,000 cr on Thursday

A man applies finishing touches to paintings of US President Donald Trump and India's Prime Minister Narendra Modi on a wall as part of a beautification along a route that Trump and Modi will be taking during Trump's upcoming visit, in Ahmedabad.  (REUTERS)
A man applies finishing touches to paintings of US President Donald Trump and India's Prime Minister Narendra Modi on a wall as part of a beautification along a route that Trump and Modi will be taking during Trump's upcoming visit, in Ahmedabad. (REUTERS)

Homeland security to IP rights, Donald Trump visit to help seal five pacts

  • Discussions are slated to span the gamut of bilateral, regional and global issues
  • Another pact expected to be signed is the $2.6 billion deal for 24 Seahawk helicopters for the Indian Navy

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Rebecca Hirst, head of UK Mobile Product Development, speaks in front of photos of Samsung Galaxy Z Flip Phones at the Unpacked 2020 event in San Francisco. (AP)
Rebecca Hirst, head of UK Mobile Product Development, speaks in front of photos of Samsung Galaxy Z Flip Phones at the Unpacked 2020 event in San Francisco. (AP)

Review: Samsung's new Galaxy Z Flip foldable phone

  • The Galaxy Z Flip is Samsung’s second try at a compelling foldable device after last year’s Galaxy Fold
  • The Flip was released on Valentine’s Day this year and sold out on the first day in several key markets

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Rebecca Hirst, head of UK Mobile Product Development, speaks in front of photos of Samsung Galaxy Z Flip Phones at the Unpacked 2020 event in San Francisco. (AP)
Rebecca Hirst, head of UK Mobile Product Development, speaks in front of photos of Samsung Galaxy Z Flip Phones at the Unpacked 2020 event in San Francisco. (AP)

Samsung Galaxy Z Flip worth 1.10 lakh sold out in India within minutes

  • Leading retail outlets, accepting pre-bookings for Galaxy Z Flip, have also run out of stock
  • The foldable smartphone was sol d out in less ess than an hour after the going on sale online at 11 a.m. today

If you opt for the new income tax rates, you will not be eligible to claim deduction Section 80C.
Plain Facts
The company said that the total valuation assuming all above earn-outs are successfully consummated, may reach Rs. 26,475 crore. (Pradeep Gaur/Mint)
The company said that the total valuation assuming all above earn-outs are successfully consummated, may reach Rs. 26,475 crore. (Pradeep Gaur/Mint)

Group ADP to pick up 49% in GMR Airports Limited

  • The first tranche of Rs. 5,248 crore will be received by GMR Group immediately, which will be utilised to deleverage the Group's massive debt
  • The company said that the total valuation assuming all above earn-outs are successfully consummated, may reach 26,475 crore

Gold rates hit a new high of  ₹42,158 per 10 gram
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The Facebook application is seen on a phone screen. (Reuters)
Trump also took a crack at Best Supporting Actor winner Brad Pitt, calling him 'a little wiseguy' (AP)
Trump also took a crack at Best Supporting Actor winner Brad Pitt, calling him 'a little wiseguy' (AP)

'How bad was Academy Awards this year?' Trump's jab at Parasite's Oscar win

  • Saying 'was it good? I don't know,' Trump seemed to indicate he had not watched the South Korean film
  • Trump said it was time to bring back classics from Hollywood's golden age such as 'Gone With The Wind' and 'Sunset Boulevard'

The coronavirus infection that started in China's Wuhan city has now spread to 30 different states of China. (Reuters)
The coronavirus infection that started in China's Wuhan city has now spread to 30 different states of China. (Reuters)

No coronavirus case currently in India

  • Screening for identification of coronavirus is going on in India on a large scale
  • Ahead of US President Donald Trump's visit, India is currently completely free of coronavirus infection

Notably, Spotify is gradually rolling out the feature to every user globally
Ayushmann Khurrana.
The death toll from the coronavirus outbreak in China has climbed to 2,118
The death toll from the coronavirus outbreak in China has climbed to 2,118

Coronavirus Live update: Fecal transmission may be behind virus’s rapid spread

  • The death toll from the coronavirus outbreak in China has climbed to 2,118 as 114 more people died of the deadly infection on Wednesday, while the overall confirmed cases increased to 74,576
  • US scientists create 1st 3D map of the protein used by the deadly virus to invade to and infect the human cells, a critical step toward developing vaccine and treatments

Long Reads
Vodafone Idea is staring at dues worth around  ₹50,000 crore. (Mint )
Vodafone Idea is staring at dues worth around 50,000 crore. (Mint )

Telcos owe around Rs22,589 cr as licence fees; rest Rs70k cr is interest,penalty

  • As telecom operators scramble to comply with Supreme Court order on AGR dues, the sources said actual pending liability regarding licence fees is 22,589 crore
  • Bharti Airtel has paid 10,000 crore, Vodafone Idea 3,500 crore and Tata Group 2,197 crore for both licence fee and SUC dues

A file photo of SpaceX owner and Tesla CEO Elon Musk. (Reuters)
A file photo of SpaceX owner and Tesla CEO Elon Musk. (Reuters)

Tesla gets a court approval to clear forest for Germany factory

  • The decision is a boon to Tesla’s ambitious timetable to have the plant up and running by the middle of next year
  • Musk said last month on Twitter, adding Tesla will plant three new trees for every one cut

The railway ministry said that the employees need to register by entering IPAS No./PF No. on the mobile application to access it.
The railway ministry said that the employees need to register by entering IPAS No./PF No. on the mobile application to access it.

Indian Railways launches mobile app for employees

  • Railway Board Chairman launched the HRMS mobile app, in which the employees can see the data related to their service
  • The app has been developed by the Centre for Railway Information System (CRIS)

Central Industrial Security Force (CISF) personnel patrol at the historic Taj Mahal premises, where U.S. President Donald Trump and first lady Melania Trump are expected to visit, in Agra. (REUTERS)
Central Industrial Security Force (CISF) personnel patrol at the historic Taj Mahal premises, where U.S. President Donald Trump and first lady Melania Trump are expected to visit, in Agra. (REUTERS)

Taj Mahal to be closed for public for a day during Donald Trump's visit

  • The Taj Mahal will remain closed for the general public from 12 noon on February 24
  • US President Donald Trump will be on a two-day state visit to India next week

To date, rival browsers like Google Chrome and Firefox and mail apps like Gmail and Microsoft Outlook have lacked the status of Apple’s products (Reuters)
Aadhaar card can be used in lieu of PAN card by both those who have PAN card and also those who do not have it. (Income Tax department)
Google Play and Ads teams both announced new steps to help ensure that ad content served in apps for children is appropriate for their intended users (Bloomberg)
Google Play and Ads teams both announced new steps to help ensure that ad content served in apps for children is appropriate for their intended users (Bloomberg)

Google bans nearly 600 apps from Play Store over 'disruptive' ads

  • 'Our investigations are ongoing and when we find violations we will continue to take action,' said Google
  • In 2019, Google removed tens of thousands of apps and developers that were found to be in violation of its policies

In New Delhi, a litre of petrol is being sold for  ₹71.89, diesel  ₹64.65. In Mumbai, petrol costs  ₹  ₹77.56 a litre and diesel  ₹64.65. (Mint)
In New Delhi, a litre of petrol is being sold for 71.89, diesel 64.65. In Mumbai, petrol costs 77.56 a litre and diesel 64.65. (Mint)

Diesel price touch 7-month low even as crude oil nears $60 mark

  • Petrol prices are tracking mid-September levels while diesel is back to where it was in July 2019
  • Fuel rates have maintained a declining trend this month despite the firming up of crude oil rates

SAP closed its main office in Bangalore and two other locations - Gurgaon and Mumbai (representational image)
Organizers said the protest participation at Oracle’s headquarters in Redwood City, California, seemed more muted than in other locations, such as New York City
Organizers said the protest participation at Oracle’s headquarters in Redwood City, California, seemed more muted than in other locations, such as New York City

Some Oracle employees stop work over Larry Ellison’s Trump fundraiser

  • Some Oracle workers who participated in the 'log off' used vacation time for the protest: Report
  • The workers argued the chairman’s public support for Trump violated Oracle’s diversity, inclusion and ethics policies

Allahabad Junction will now be Prayagraj Junction. (Alamy)
Allahabad Junction will now be Prayagraj Junction. (Alamy)

4 railway stations in Uttar Pradesh's Prayagraj get new names

  • Allahabad Junction will now be Prayagraj Junction, Allahabad City will now be known as Prayagraj Rambag
  • Allahabad Chhioki has been changed to Prayagraj Chheoki and the name of Prayagghat has been changed to Prayagraj Sangam

President Donald Trump speaks at a campaign rally  (AP)
Kishore Biyani-led Future Lifestyle Fashions will use the funds for enhancing its stake in subsidiaries and debt reduction. (Photo: Mint)
Kishore Biyani-led Future Lifestyle Fashions will use the funds for enhancing its stake in subsidiaries and debt reduction. (Photo: Mint)

Future Lifestyle to raise over 600 crore from promoters, IFC

  • The board has approved issuance of 5.14 million equity shares of face value of 2 at an issue price of 414 each
  • The board also approved issue of 96,61,835 equity shares of face value of 2 each at an issue price of 414 per share

Bharti Airtel chairman Sunil Bharti Mittal. (Pradeep Gaur/Mint)
Melania Trump will arrive in India on Monday. (Reuters)
A file photo of Union Home Minister Amit Shah. (Photo: ANI) (ANI )
Bharti Enterprises chairman Sunil Mittal. Photo: Reuters
The industry saw a decline in showroom sales for the second consecutive month, after a marginal recovery in October and November.
The industry saw a decline in showroom sales for the second consecutive month, after a marginal recovery in October and November.

Retail sales of passenger vehicles fall 4.6% in Jan

  • Subdued customer sentiment and a low base seen behind decline in sales
  • Decline in sales shows persistent unease in consumer sentiment, sluggish economic growth

Photo: Bloomberg
For the nine months to December 2019, DHFL reported a loss of  ₹5,977 crore, as against a profit of  ₹1,187 crore in the year earlier.
For the nine months to December 2019, DHFL reported a loss of 5,977 crore, as against a profit of 1,187 crore in the year earlier.

DHFL reports net profit in Q3, but auditors wary

  • Stressed lender posts 934 cr stand-alone net profit, primarily on a tax adjustment
  • During the Dec quarter, DHFL gains from a deferred tax adjustment of 1,102 crore

Aman Gupta, co-founder of boAt Lifestyle.
The company has declared an interim dividend of  ₹10 per equity share and set a record date at 25 February 2020
This mobile application allows an employee to view his historical data since his date of joining the railways.
Foreign ministry spokesman Raveesh Kumar. (Photo: Hindustan Times)
Photo: iStock
The Vodafone logo. (REUTERS)
The Vodafone logo. (REUTERS)

Fitch takes Bharti Airtel off 'watch negative'

  • Vodafone Idea on Monday paid 2,500 crore towards dues related to adjusted gross revenue (AGR) and deposited an additional 1000 crore today
  • The development comes after Supreme Court on Friday pulled up Bharti Airtel, Vodafone Idea as well as officials of DoT for delaying the payment of dues

SBI Cards IPO will close on March 5
Poster put up showing a picture of USA President Donald Trump and Prime Minister Narendra Modi, ahead of Trump's two-day visit to India, in Ahmedabad.  (ANI )
Poster put up showing a picture of USA President Donald Trump and Prime Minister Narendra Modi, ahead of Trump's two-day visit to India, in Ahmedabad. (ANI )

DRDO anti-drone system to be deployed for Trump-Modi roadshow

  • Donald Trump and PM Narendra Modi will take part in a 22km-long roadshow in Ahmedabad and jointly address a gathering at the newly- built cricket stadium in Motera
  • The DRDO system is equipped to instantaneously detect and identify drone threats and terminate them

Photo: AP
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