SEBI chief Ajay Tyagi during a press conference after the board meet in Mumbai on Monday (Photo: ANI)
RIL board had approved funding of  ₹4,000 crore for taking over Network18. (Mint )
RIL board had approved funding of 4,000 crore for taking over Network18. (Mint )

RIL to merge its distribution, media business into Network18

  • The broadcasting business will be housed in Network18 and the cable and ISP businesses in two separate wholly owned subsidiaries of Network18
  • RIL had in November 2014 taken over Network 18 Media and Investments Ltd through its Independent Media Trust

Ritesh Agarwal-founded Oyo saw consolidated revenue jump to $951 million in FY19 (Photo: Bloomberg)
Ritesh Agarwal-founded Oyo saw consolidated revenue jump to $951 million in FY19 (Photo: Bloomberg)

Oyo's loss rises sevenfold but says no brakes on expansion

  • The hospitality firm reported widening of its consolidated net loss to $335 mn for the financial year ended March 2019, mainly on account of international expansion
  • Oyo’s loss in its oldest market India narrowed to 14% of revenue in the last fiscal from 24% in the year-ago period

As per DoT calculations, Bharti Airtel has to pay  ₹35,586 crore to the government and Vodafone Idea  ₹50,000 crore. (Photo: Reuters)

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Cyrus Mistry  (File photo: Mint)
China’s three largest airlines reported declines in January passenger traffic because of the coronavirus outbreak
NSE is awaiting a forensic audit on Karvy and is yet to label Karvy as defaulter
NSE is awaiting a forensic audit on Karvy and is yet to label Karvy as defaulter

Karvy plans stake sale to honour client payouts

  • Karvy has told NSE it will pay fund shortfall of 678 crore by March, said Sebi chairman Ajay Tyagi
  • On 22 Nov, Sebi barred Karvy from acquiring new clients and using power of attorney, thereby preventing the company from trading on behalf of clients

Chief of Defence Staff General Bipin Rawat (Photo: PTI)
The country’s largest airline IndiGo reported a decline in capacity utilization from 90.1% in December to 87.8% in January
The country’s largest airline IndiGo reported a decline in capacity utilization from 90.1% in December to 87.8% in January

Air travel volume shows muted growth in January

  • Domestic airlines carried 12.78 million passengers in January 2020 against 12.5 million in the same month a year ago
  • The DGCA report said that barring Vistara, all domestic airlines reported a decline in capacity utilization in January compared to December

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Reserve Bank of India (RBI) Governor Shaktikanta Das. (PTI)
Reserve Bank of India (RBI) Governor Shaktikanta Das. (PTI)

Govt must continue reforms; green shoots of recovery need to sustain: RBI Guv

  • The RBI saw an imminent slowdown in growth early in 2019 and used the space that was opened up by the moderation in inflation to cut interest rates
  • Green shoots are now visible and need to be sustained to pull India out of its current slowdown

Union Finance Minister Nirmala Sitharaman (Photo: PTI)
Malvinder Singh, former chairman of Fortis Healthcare Ltd. (Bloomberg)
Malvinder Singh, former chairman of Fortis Healthcare Ltd. (Bloomberg)

RFL case: Ex-Fortis Healthcare promoter Malvinder Singh bail plea dismissed

  • Chief Metropolitan Magistrate Gurmohina Kaur rejected the bail application, saying Malvinder was required to be kept in judicial custody for a proper investigation
  • RFL is a group firm of REL - Religare Enterprises Ltd, which was earlier promoted by Malvinder and his brother Shivinder

Photo: Mint
Photo: Bloomberg
In the past one year, Airtel shares have doubled, making it the biggest gainer among Nifty stocks. (Photo: Pradeep Gaur/Mint)
(Photo: Mint)
(Photo: Mint)

Sebi board clears regulatory sandbox for registered entities

  • Sebi allows registered entities to test new products, services in a live environment on select customers
  • The proposed 'regulatory sandbox' is intended to serve as a testing ground for new business models and technologies that benefit investors, Indian markets and the economy at large

 The logo of Google. (REUTERS)
Photo: Aniruddha Chowdhury/Mint
Photo: Aniruddha Chowdhury/Mint

SBI Cards gets Sebi's go ahead to float IPO

  • SBI holds 76% in SBI Cards and rest of the stake is held by Carlyle Group
  • Sebi's observations are necessary for any company to launch public issues including initial public offer, follow-on public offer and rights issue

Bansal is a 1988-batch Indian Administrative Service (IAS) officer of Nagaland cadre.
Bansal is a 1988-batch Indian Administrative Service (IAS) officer of Nagaland cadre.

Rajiv Bansal takes charge as Air India CMD

  • Rajiv Bansal is a 1988-batch Indian Administrative Service (IAS) officer of Nagaland cadre
  • The challenge before the CMD is bigger as the government has already set the ball rolling for Air India's divestment.

In 2019, the railways completed seven of the 58 super-critical projects underway on congested routes.
If you are moving from MCLR to the benchmark-linked rate within the same bank, the lender may not re-evaluate you.  (Photo: iStock)
If you are moving from MCLR to the benchmark-linked rate within the same bank, the lender may not re-evaluate you. (Photo: iStock)

Staying on MCLR may be cheaper, but only for now

  • Even if MCLR makes sense now, repo-linked rate should be your long-term choice
  • Long-term repo operations launched by RBI may lower MCLR and that could benefit existing borrowers

Desert locusts are seen in a grazing land. (REUTERS)
Desert locusts are seen in a grazing land. (REUTERS)

Pakistan to consider importing insecticides from India to fight locusts

  • China, currently battling the coronavirus outbreak, is the other place from where Pakistan can import the insecticides
  • Pakistan declared a national emergency over locust swarms early this month after the food ministry gave a briefing to parliament

Patiala House Court.. (Photo: PTI) (PTI )
China is a critical market for OYO, where it has made significant investments in the past two years
Great Wall Motors is also China's largest pickup manufacturer and it owns four brands which include Haval, Wey, Ora and Great Wall Pickup
Great Wall Motors is also China's largest pickup manufacturer and it owns four brands which include Haval, Wey, Ora and Great Wall Pickup

Great Wall Motor to acquire General Motors’ Thailand plant

  • GWM announced acquisition of GM's manufacturing facility in Talegaon in January
  • GWM's strategy to grow globally has started to take shape after 10 years of development

The malware urges victims to open their banking apps with SMS and push notifications
Gurugram-headquartered SpiceJet’s fleet is predominantly made up of Boeing’s 737 aircraft.
Sebi, in April 2019, had barred NSE from accessing the capital markets for a period of six months
(File photo) An employee walks past a banner with information of MWC20 (Mobile World Congress) in Barcelona, Spain (Reuters)
(File photo) An employee walks past a banner with information of MWC20 (Mobile World Congress) in Barcelona, Spain (Reuters)

Tech launches go virtual after coronavirus derails MWC 2020

  • The cancellation of MWC 2020 came at a huge financial cost
  • Huawei's sub brand HONOR said it will announce its products through a livestream

No authority yet to listen to depositors' complaints
Indian nationals who were airlifted from coronavirus-hit Hubei province of China's Wuhan, at the ITBP's quarantine facility at Chhawla in New Delhi. (Photo: PTI)
Indian nationals who were airlifted from coronavirus-hit Hubei province of China's Wuhan, at the ITBP's quarantine facility at Chhawla in New Delhi. (Photo: PTI)

Indian Embassy urges citizens who wish to return to India contact it before 7pm

Indian Embassy urged all Indian nationals from Wuhan/Hubei who intend to avail this flight and have not yet contacted, to urgently call at hotlines 8618610952903 and 8618612083629 or send email to helpdesk.beijing@mea.gov.in before 1900 hours today (17 February 2020)

Photo: iStock
Photo: iStock

Opinion | Transparency of information is vital to a country’s progress

Any dilution of people’s right to information puts at risk the very stability that a country seeks to achieve by being secretive

The government had on 27 January invited expressions of interest from investors for its entire stake in Air India (Photo: Mint)
Photo: Mint
Delhi Police Commissioner Amulya Patnaik during the launch of the 'Himmat Plus/QR Code scheme for Uber Taxis & Integration of Uber Emergency SOS feature with Himmat Plus', in New Delhi. (ANI)
Delhi Police Commissioner Amulya Patnaik during the launch of the 'Himmat Plus/QR Code scheme for Uber Taxis & Integration of Uber Emergency SOS feature with Himmat Plus', in New Delhi. (ANI)

Uber, Delhi Police integrate apps for live tracking of passenger ride

  • Uber and Delhi Police distributed over 1,000 Himmat QR Verification Cards to driver partners
  • Once a rider scans the QR Card, they can access driver partners’ details and vehicle information on the Himmat app

SEBI chief Ajay Tyagi. (ANI)
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Photo: iStock
Photo: iStock

SBI loan guarantee isn’t the best option

  • In case of a project delay, the guarantee will free the borrower of the bank liability, but he will lose the down payment and the interest paid until then
  • If the buyer exercises the guarantee option in case of a delay, he would need to relinquish the right to the house

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