Earlier this month, the Madras High Court ordered a ban on TikTok. (Bloomberg)
Earlier this month, the Madras High Court ordered a ban on TikTok. (Bloomberg)

Madras High Court lifts TikTok ban in India, in boost to ByteDance

  • Hearing a plea from Bytedance, the state court reversed its April 3 decision pushing for the ban
  • The high court had passed an interim order banning the app citing inappropriate and pornographic content

ACC is on track to expand its capacity by 5.9 million tonnes per annum (mtpa) over the next three years
The company's total income stood at  ₹11,031.27 crore during the quarter under review.
The company's total income stood at 11,031.27 crore during the quarter under review.

UltraTech Cement Q4 net profit at 1,014 crore

  • The company had posted a net profit of 446.13 crore in the January-March quarter a year ago, UltraTech Cement said in a BSE filing
  • Its total expense in the fourth quarter of 2018-19 came at 9,554.43 crore

Bimal Jalan (Photo: HT)
The Baleno, a premium hatchback sold through the Nexa channel, will also now be available with the smart hybrid technology. (Reuters)
Till 2006 when RIL’s fuel sales were at its peak, the refiner had a market share of 14.3% in diesel and 7.2% in petrol
Till 2006 when RIL’s fuel sales were at its peak, the refiner had a market share of 14.3% in diesel and 7.2% in petrol

Reliance Industries regains market share in petrol and diesel sales

  • RIL along with its partner BP Plc plans to jointly set up as many as 2,000 petrol pumps in India over the next few years
  • RIL, which enjoyed an overall 12% market share in fuel retailing till 2006, saw it slip to less than 0.5% in 2014

INR Vs USD: At day’s low, the rupee hit 69.98 a dollar
The OnePlus 7 Pro as spotted on Weibo. (Weibo/IT Station)
Actor Sunny Deol joins Bharatiya Janata Party in presence of Union Ministers Piyush Goyal and Nirmala Sitharaman on Tuesday. (ANI)
Actor Sunny Deol joins Bharatiya Janata Party in presence of Union Ministers Piyush Goyal and Nirmala Sitharaman on Tuesday. (ANI)

Bollywood and the ballot box

  • Bollywood actor Sunny Deol became the latest addition to a long list of film stars across the country to join politics
  • This trend first began with veteran actor and poet Harindranath Chattopadhyay, who was elected to the first Lok Sabha in 1952

Transporters of goods worth over  ₹50,000 would be required to present e-way bill during transit to a GST inspector.
Transporters of goods worth over 50,000 would be required to present e-way bill during transit to a GST inspector.

Non-filers of GST returns for 2 months to be barred from generating e-way bills

  • With almost two years into GST implementation, the government is now focussing on anti-evasion measures to shore up revenue and increase compliance
  • Transporters of goods worth over 50,000 would be required to present e-way bill during transit to a GST inspector, if asked

Elections and real estate : Impact and demands

As we enter deeper into elections, the overall atmosphere is very charged. Apart from a high-octane political game, elections imply a massive impact on the macro economy, thereby influencing the real estate markets as well. Mint speaks with experts to gauge the impact of the elections on real estate. According to real estate advisory, 360 realtors, empirical evidences from the past have suggested that new launches generally dry up during the time of elections as buyers defer their decisions. Not just in India but globally as well, the markets generally slow down during election time primarily due to uncertainties in the economic and policy affairs. While consultancy ANAROCK believes that a new Government with a clear majority raised optimism in 2014 and that the long-term benefits of recent reforms will accrue only with the continuity of their enforcement by this or the next Government, said experts.

Avengers: Endgame marks the culmination of a series of 22 superhero films from the Marvel Cinematic Universe. The series chronicles the war between the Avengers and Thanos, the evil demigod.
Avengers: Endgame marks the culmination of a series of 22 superhero films from the Marvel Cinematic Universe. The series chronicles the war between the Avengers and Thanos, the evil demigod.

'Avengers: Endgame' set for biggest Hollywood release in India

  • 'Avengers: Endgame', to be released across 2,500 screens, is looking at an estimated 250 crore in box office collections in India
  • A morning show ticket for 'Avengers: Endgame' is available for 350 while ticket prices of shows later in the day have surged to 750

RIL chairman Mukesh Ambani has said that Reliance Retail and Reliance Jio will jointly launch a new e-commerce platform in India and Gujarat would be the first state to get it. (Pradeep Gaur/Mint)
RIL chairman Mukesh Ambani has said that Reliance Retail and Reliance Jio will jointly launch a new e-commerce platform in India and Gujarat would be the first state to get it. (Pradeep Gaur/Mint)

Reliance prepares the ground for e-commerce launch

  • Reliance Retail is testing a food and grocery app among employees before the commercial launch of its e-commerce platform
  • This strategy mirrors the one adopted by Mukesh Ambani-led Reliance Industries before the launch of Reliance Jio

 (Reuters)
GoAir announced 28 flight options this summer in addition to our existing flights. (Ramesh Pathania/Mint)
GoAir announced 28 flight options this summer in addition to our existing flights. (Ramesh Pathania/Mint)

GoAir to expand network with 28 new flights from April 26

  • The airline also announced fare as low as 1,368 on select routes
  • As per the company, the roll out of 28 additional flights covering across airports will alleviate the shortage of flights

Chinese government regulates and supervises the practice of the professionals who constitute the highly skilled manpower of the country. (AP)
Chinese government regulates and supervises the practice of the professionals who constitute the highly skilled manpower of the country. (AP)

Huawei to build 5G infra in the UK despite security issues

  • As part of a signed deal, Huawei would develop the "non-core" parts like antennas and other network components for the UK's 5G infrastructure
  • The decision was finalised by the UK's National Security Council chaired by the Prime Minister

Sony Master Series Z9G
Rare earth metals are found in varying quantities in smartphones. (Bloomberg)
Rare earth metals are found in varying quantities in smartphones. (Bloomberg)

New sensor spots rare metals used in smartphones

  • The protein-based sensor changes its fluorescence when it binds to lanthanides and lets recyclers know if it's worth investing resources to extract them
  • The protein undergoes a shape change when it binds to these metals, which is key for the sensor's fluorescence to "turn on"

The Sony WH-XB700.
Despite being at the centre of global scrutiny, Huawei is winning customers as it contends with Apple Inc. for the mantle of world’s No. 2 smartphone label. (Kim Cheung/AP)
Despite being at the centre of global scrutiny, Huawei is winning customers as it contends with Apple Inc. for the mantle of world’s No. 2 smartphone label. (Kim Cheung/AP)

Huawei Cloud ties up with Infosys to aid enterprises with digital transformation

  • Infosys will join the Huawei Cloud Partner Network (HCPN) to provide valuable services and technical, marketing and management support
  • Infosys will provide a suite of technologies hosted on Huawei Cloud, such as workload migration solutions including SAP and other enterprise workloads

ATC TIPL is the second-largest private telecom tower firm in India with a portfolio of around 78,000 mobile towers. (Indranil Bhoumik/Mint)
ATC TIPL is the second-largest private telecom tower firm in India with a portfolio of around 78,000 mobile towers. (Indranil Bhoumik/Mint)

Tata Tele in talks with ATC to sell entire stake in tower biz for 2,500 crore

  • ATC's stake in ATC TIPL is likely to reach around 90% if the Tata Teleservices exits the business after selling entire stake
  • ATC TIPL is the second-largest private telecom tower firm in India with a portfolio of around 78,000 mobile towers

Apple CEO Tim Cook speaks during the Time 100 Summit event. (AFP)
Apple CEO Tim Cook speaks during the Time 100 Summit event. (AFP)

Tim Cook says tech needs to be regulated by governments

  • Cook at the Time 100 Summit in NYC said we have to be intellectually honest and admit that what we're doing isn't working
  • He said he does not promote going overboard with depending on the government or leveraging the government with favours for improving data privacy

Investors have allocated nearly USD 17 billion in the form of direct investments as well as through entity-level investments from 2006 to 2019 in the office space (Mint)
Investors have allocated nearly USD 17 billion in the form of direct investments as well as through entity-level investments from 2006 to 2019 in the office space (Mint)

Office space worth $35bn eligible to be listed under REIT: JLL India

  • REIT is an investment tool that owns and operates rent-yielding real estate assets
  • The successful listing of India's first REIT floated by Embassy Office Parks heralds the institutionalisation of real estate assets

Vijay Mallya
Medicine prices were relatively low in Delhi compared with international reference prices. (Mint)
Medicine prices were relatively low in Delhi compared with international reference prices. (Mint)

Indians have poor access to essential anti-cancer drugs: report

  • Mean availability of essential anti-cancer medicines across all hospitals and pharmacies surveyed was less than the WHO’s target of 80%, says the study
  • The study also says only three anti-cancer essential medicines were available on the Jan Aushadhi website

A Boeing 787-9 Dreamliner of Etihad Airways. (Reuters)
About 51 and 140 hectares of maize and sesamum crops also suffered due to the unseasonal rains. Photo: Reuters
Composition scheme businesses will file the April-June quarter returns in July as per the new format. (AFP )
Composition scheme businesses will file the April-June quarter returns in July as per the new format. (AFP )

Composition scheme biz to now file simplified 'self-assessed' GST return

  • There are 1.21 crore businesses registered under Goods and Services Tax (GST), of which 20 lakh are under composition scheme
  • So far, businesses opting for composition scheme had to file tax returns every quarter in GSTR-4 which ran into around seven pages

 (Photo: iStock)
(Photo: iStock)

India likely to join Russia, China in getting more gold this year

  • The RBI increased its stash by about 42 tons last year, and after adding more in January and February, India’s gold reserves now stand at a record high
  • Heightened geopolitical and economic uncertainty pushed central banks to diversify their reserves and focus on investing in safe and liquid assets

Indian politicians understand that sense of humour, sarcasm or name-calling has a wider reach, and more likes online mean more votes. The BJP’s Rahul is ‘pappu’ campaign is the biggest example. (Jayachandran/Mint)
Indian politicians understand that sense of humour, sarcasm or name-calling has a wider reach, and more likes online mean more votes. The BJP’s Rahul is ‘pappu’ campaign is the biggest example. (Jayachandran/Mint)

Elections 2019: What tweet for tat tells you about Rahul Gandhi

  • From Rahul Gandhi being a ‘pappu’ to his ‘chowkidar chor hai’ campaign against Narendra Modi, Twitter is the battleground of wit
  • From being the subject of insults, ‘pappu’ has transformed himself into the master of insults on Twitter

Logos of ADNOC. (Reuters )
Giving a major relief to budding entrepreneurs, the government in February relaxed the definition of start-ups. (iStock)
Giving a major relief to budding entrepreneurs, the government in February relaxed the definition of start-ups. (iStock)

342 startups get angel tax exemption since February

  • Giving a major relief to budding entrepreneurs, the government in February relaxed the definition of start-ups
  • Section 56(2)(viib) of the I-T Act provides that the amount raised by a start-up in excess of its fair market value would be deemed as income from other sources and would be taxed at 30%

Overall copper exports from India during the April 2018 to March 2019 period were down 70% from the fiscal year 2017/18. (Reuters )
Overall copper exports from India during the April 2018 to March 2019 period were down 70% from the fiscal year 2017/18. (Reuters )

India's copper exports fell 70% in 2018/19: Trade body

  • Overall copper exports from India during the April 2018 to March 2019 period were down 70% from the fiscal year 2017/18
  • India has an installed copper refining capacity of 1 million tonnes

It can be noted that the 10% minimum shareholding is defined under Section 241 of the Companies Act, 2013. (HT)
It can be noted that the 10% minimum shareholding is defined under Section 241 of the Companies Act, 2013. (HT)

ITC moves NCLT seeking to cancel Hotel Leelaventure sale;hearing on June 18

  • JM Financial ARC had filed insolvency application against the Mumbai-based hotel chain in January, which owes around 5,900 crore to lenders
  • As per the information available with the bourses, ITC holds 7.92% stake in Hotel Leelaventure as of the December 2018 quarter

Leela plans to sell assets of Hotel Leelaventure comprising key hotel properties in Delhi, Bengaluru, Udaipur and Chennai for  ₹3,950 crore to Canadian alternative asset management company Brookfield. (Pradeep Gaur/Mint)
Leela plans to sell assets of Hotel Leelaventure comprising key hotel properties in Delhi, Bengaluru, Udaipur and Chennai for 3,950 crore to Canadian alternative asset management company Brookfield. (Pradeep Gaur/Mint)

Sebi orders pause on Leela's deal with Brookfield

  • Leela said that they have received a letter from Sebi that the transaction should be put on hold till further directions from the regulator
  • Sebi's letter to Leela is on the basis of complaints filed by ITC Ltd and LIC

Investment and consumption waned in India. (Bloomberg)
 (Reuters)
(Reuters)

RBI steps up liquidity management to make rate cuts count

  • The RBI's 2 rate cuts this year, totalling 50 basis points, have not been followed with moves of a similar magnitude by commercial banks
  • After April's cut, RBI Governor said the central bank was 'conscious' that the transmission of rate decisions had to be 'appropriate and effective'

All the Jet Airways slots that have been temporarily allotted to other airlines will be returned to the airline only if its revival plan works out. (Abhijit Bhatlekar/Mint)
All the Jet Airways slots that have been temporarily allotted to other airlines will be returned to the airline only if its revival plan works out. (Abhijit Bhatlekar/Mint)

Jet Airways' slots may go permanently to rivals if stake sale process fails

  • SpiceJet, IndiGo have already announced flights from Jet Airways' slots alloted to them at Mumbai and Delhi airports
  • Slots at the two airports are hard to come by for new airlines as most have already been used by legacy carriers

Helena Lersch, director, global public policy, TikTok.
Elections 2019
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HT Media said on 18 April that the acquisition of Radio One would make it the strongest radio company in the fast-growing metro markets.
HT Media said on 18 April that the acquisition of Radio One would make it the strongest radio company in the fast-growing metro markets.

HT Media acquires 51% stake in Radio One parent Next Mediaworks

  • The Radio One acquisition will not only add an additional station to HT Media's Top 5 metros but also the key market of Pune to its network
  • HT Media is now detailing out the synergies of operations of Radio One with its own brands Fever FM and Radio Nasha

Mark to Market
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As a multi-cap fund, Mirae Asset Focused Fund will invest in a portfolio of 30 stocks
The sudden 3.5% rise in crude oil prices within three days, and 35% since January, signals a squeeze on tyre makers’ profits. (Naveen Kumar Saini/Mint)
The sudden 3.5% rise in crude oil prices within three days, and 35% since January, signals a squeeze on tyre makers’ profits. (Naveen Kumar Saini/Mint)

Crude oil price rise to hit tyre firms even as profits are under pressure

  • Value-wise break-up of tyre-making raw materials shows natural rubber is the biggest input and the rest are crude oil derivatives
  • Rise in interest cost without commensurate gain in Ebitda pulled down interest cover, which mirrors in tyre firms' financial health

Around 50 Chinese entrepreneurs have launched internet companies in India in the past one year, inspired by success stories of NewsDog, Shein and TikTok. (Mint)
Around 50 Chinese entrepreneurs have launched internet companies in India in the past one year, inspired by success stories of NewsDog, Shein and TikTok. (Mint)

Chinese entrepreneurs ride India internet consumer wave

  • Mayfair, Bulbul have entered the e-commerce space in India, while Welike and Injoy among others are present in the content segment
  • Chinese startups such as TikTok (ByteDance), UC News, News Dog and Club Factory are already present in India

Subhash Chandra, promoter of Essel Group. ( Ramesh Pathania/Mint)
Markets brace for turbulence as soaring volatility index points to a likely correction over the next month. (Mint)
Opinion
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A model holds a Samsung Galaxy Fold smartphone to her face, during a media preview event in London (AP)
A model holds a Samsung Galaxy Fold smartphone to her face, during a media preview event in London (AP)

Samsung's reputation founders on rush for lead in folding phones

  • Samsung is investigating how test versions of the $1,980 Galaxy Fold developed problems — including screen failures — after mere days of use
  • On Monday, Samsung executives convened at their headquarters and debated for hours before finally pulling the plug

FILE PHOTO: Ranjan Gogoi (Photo: Reuters)
Founded in 2015, NinjaCart connects farmers to end retailers such as grocery stores, supermarkets and restaurants
The list of 30 companies that make up the Sensex have changed since 1986.
Anantnag saw a sharp dip in turnout since the last Lok Sabha elections, when it recorded a turnout of 37.76%. (PTI)
Anantnag saw a sharp dip in turnout since the last Lok Sabha elections, when it recorded a turnout of 37.76%. (PTI)

Lok Sabha Elections 2019: Why the Kashmiri voter is reluctant to vote

  • Anantnag recorded a voter turnout of 13.63%, a factor that now keeps Mufti’s fate hanging in the balance
  • Since the Pulwama terror attack, the chasm between the people and the government has only widened, a senior state government official argued

After three years, RBI will buy back the same amount of dollars at the premium offered in Tuesday’s auction. (Reuters)
After three years, RBI will buy back the same amount of dollars at the premium offered in Tuesday’s auction. (Reuters)

RBI’s second dollar swap auction fetches bids worth $18.65 billion

  • RBI accepted bids at a premium of 8.38 at at an annualized rate of 4.01% from authorized dealers and paid them rupees in return
  • The central bank says it will purchase govt securities against infusing liquidity worth 12,500 crore through OMOs

Earlier this month the retail giant had infused  ₹240 crore into Amazon Retail India, according to its regulatory filings, signalling an increased focus on the grocery arm. (iStock)
Earlier this month the retail giant had infused 240 crore into Amazon Retail India, according to its regulatory filings, signalling an increased focus on the grocery arm. (iStock)

Amazon Retail India on expansion spree, plans to enter 60 smaller cities: Report

  • Amazon Retail India is already present in over 100 cities
  • Amazon Retail India forms the giant’s Amazon Pantry and Prime Now services that deliver groceries and other household products

RBI has announced it would purchase government bonds worth  ₹25,000 crore in two open market operations (OMOs) to infuse durable liquidity into India's banking system. (Mint)
RBI has announced it would purchase government bonds worth 25,000 crore in two open market operations (OMOs) to infuse durable liquidity into India's banking system. (Mint)

Bond market cheers RBI OMO purchase plan, bond yields drop 5 bps

  • 10-year bond yield ended at 7.425% compared with Tuesday's close of 7.474%. Yield on bonds due January 2028 fell 6 bps to 7.556%
  • While the first OMO purchase worth 12,500 crore will take place on 2 May, the date for the second will be announced later