RBI not in favour of special credit window for NBFCs

• Many NBFCs came under severe liquidity pressure compelling them to bring down their reliance on CPs
• Sources said the RBI board during the two-day meeting took stock of the NBFC sector and cash crunch faced by them

In DHFL’s lock on deposits, collateral damage to non-banks looks limited

• DHFL’s shares have dropped around 8% today
• What this has done is hurt sentiment for all HFCs and NBFCs in general

IndusInd Bank Q4 profit falls to ₹360 crore, asset quality deteriorates

• Gross NPAs a percentage of total loans increased to 2.1% in March quarter
• However, the bank reported a 10% increase in net interest income to ₹2,240 crore in the March quarter

Inside the audit lapses that led to IL&FS crisis

How did auditors fail to notice a crisis that had been brewing on IL&FS’ balance sheets for several years?

Should you invest in DSP Quant Fund NFO?

• DSP Quant Fund to select stocks based on pre-determined rules to eliminate bias
• The NFO of DSP Quant Fund will remain open till 3 June

Cipla Q4 net more than doubles to ₹367 cr; board okays plan to raise ₹6k cr

• The consolidated net sales rose 22% to ₹4,271 crore
• The company's board recommends a dividend of ₹3 per share

Jaguar woes add to challenges for India's most indebted empire — Tata Group

• Tata snapped up JLR from Ford Motor Co., and steelmaker Corus Group Plc in 2007 for $12.9 billion
• One problem is the small volume of JLR sales in China compared to the competition

Bajaj Finance more precious than banks for investors

• Bajaj Finance has cracked the code in consumer lending
• Its cost of funds is higher than banks but it has superior margins

DHFL nosedives 18% as company stops accepting fresh deposits, halts renewals

• DHFL has also halted pre-mature withdrawals of existing deposits to 'help reorganise its liability management'
• Last week, Care Ratings have downgraded its bonds and loans

SAT directs NSE to transfer ₹625 crore to Sebi

• NSE had filed petitions for interim relief and full relief
• Sebi has been asked to file its reply to NSE petitions within six weeks

Ola drops Foodpanda delivery, lays off several employees

• Company lays off many employees, but will continue with cloud kitchens
• Ola is in talks with delivery companies such as Dunzo and Zomato to relist its cloud kitchen brands

Australian state leader calls for timeline on Adani coal mine approvals

• Anna Palaszczuk urges timeline for long-delayed Carmichael project by Friday
• Govt should listen to voters, allow mine to proceed, says Adani Mining Chief Executive Lucas Dow

Hyundai sharpens focus on electric cars that run on hydrogen fuel cells

• Firms such as Japan’s Toyota Motor and Honda Motor have also been investing in hydrogen fuel cell electric vehicles
• Others, such as Japan’s Toyota Motor Corp. and Honda Motor Co. Ltd, have also been investing in hydrogen fuel cell EVs

DHFL puts fresh deposits and renewals on hold, halts pre-mature withdrawals

• The most recent downgrade by CARE Ratings affected borrowings
• DHFL has so far been servicing its debt and there has been no default

TechM’s Q4 results underscore why it’s been an unexciting bet for investors

• After an exceptionally strong show in Q3, Tech Mahindra’s growth fell off the cliff in Q4
• Worse still, profit margins fell at a higher-than-expected rate, underscoring cost pressures

Yes Bank eyes private equity funds to raise ‘confidence capital’

• Yes Bank is looking to bolster its balance sheet after taking a massive hit to cover loan losses
• The lender was further hit when rating agencies Icra and India Ratings downgraded the long-term ratings of the bank

NSE moves SAT against Sebi orders in co-location case

• Bourse says the regulator’s ruling is ‘unsustainable, arbitrary and disproportionate’
• NSE alleges Sebi has not made a case that any member got advantage due to preferential access

Fake news rampant after Sri Lanka attacks despite social media ban

• The surge in fake news has further blemished the troubled reputation of social media in the region
• Some had dug out photos of coffins and funerals from Sri Lanka's brutal decades-long civil war and claimed they showed victims of the blasts

After Huawei, US could blacklist Chinese surveillance tech firm: Report

• The restrictions would limit Hikvision's ability to buy US technology and American companies may have to obtain government approval to supply components to the Chinese firm
• The United States has accused Huawei of activities contrary to national security. Huawei denies the charge

Ahead of poll results, opposition parties up the ante on EVMs

• The opposition demanded that VVPAT slips be counted along with EVM figures
• Opposition parties are desperately seeking an excuse for their impending defeat, says BJP

RBI plans specialized structure for regulation, supervision of banks

• A decision to this effect was taken at a meeting of the Central Board chaired by RBI Governor
• The decision is based on the recommendations of an internal committee under the current executive director in charge of NBFC supervision

Hinduja Group evaluating Jet Airways opportunity

• An investment by the Hindujas is expected to offer a respite to Jet Airways, its staff, as well as lenders and investors
• Jet Airways stopped operations in mid-April after banks refused to extend emergency funding

Elections 2019: Counting tomorrow, matching VVPAT slips likely to delay results

• Around 67.11% of the total 90.99 crore electors had cast their vote in the seven-phase election, the highest-ever voter turnout in Indian parliamentarian elections
• For the first time in a Lok Sabha election, the results of voting machines will be matched with slips generated by paper trail machines

Housing crisis in Silicon Valley: Techies live in vans even in Google’s backyard

• Mountain View has voted to ban overnight RV parking. With house prices out of reach, where will the van dwellers go?
• This is the epicenter of a Silicon Valley tech boom that is minting millionaires but also fueling a homelessness crisis

Mumbai locals delayed due to technical snag at Goregaon station

• Due to technical snag at the rush hours, trains in the Western line were disrupted from Goregaon station
• Trains were running late by 45-50 minutes

Xiaomi Redmi Note 7 Pro to go on sale today: Price, offers, specifications

• Redmi Note 7 Pro starts at ₹13,999 and will be available at 12 noon on Flipkart, Mi.com, and Mi Home stores
• The Redmi Note 7 Pro comes equipped with Qualcomm Snapdragon 675 processor paired with up to 6GB RAM and 128GB internal storage and a 48MP primary rear camera

Welfare scheme delivery: How does your district fare

Explore how well five flagship welfare schemes have been delivered in your district over the last five years

IOCL earmarks ₹25,000 cr for FY20 capex spend, 16% allocated for BS VI upgrade

• IOCL reported a 17% rise in its fourth quarter profit, driven by foreign exchange gains
• The key difference between the stages of BS norms is the amount of sulphur content in emissions

Amazon employees embrace activism, echoing peers in Silicon Valley

• In the past two years, employee activism has forced tech giants to reverse course on corporate initiatives
• The current climate change campaign is the rare instance when workers at Amazon’s headquarters have taken a public stand for change inside the company

Apple will repair MacBook typing-related problems for free. Check out the models

• Apple has come under criticism on social media for the issues related to MacBook's keyboard
• These are the MacBook models that are eligible for free 'Keyboard Service Program' by Apple

Accel, SAIF, Alteria invest in used car retailer Spinny

• The startup is currently has three car hubs one each in Delhi, Gurgaon and Noida, and is planning to open at least five more hubs by end of the year
• Spinny claims that the used car market in India is currently valued at $25 billion

Tesla reduces prices on Models S and X amid stock slump

• The company on Monday cut $3,000 from the price of the Model S sedan and $2,000 from the Model X SUV.
• The moves come as Tesla's stock is under pressure and has at times dropped below $200 per share

ISRO successfully launches earth observation satellite RISAT-2B

• This satellite RISAT-2B would enhance the country's surveillance capabilities.
• ISRO Chairman K Sivan said that the PSLV-C46 successfully injected RISAT-2B precisely in the designated orbit

Tata faces $14 billion in auto Debt - and a slowdown in China

• After years serving as a cash cow, JLR hit a bump in Europe amid concerns over a disruptive Brexit
• JLR’s mixed fortunes have hit Tata -- whose wider group debt load bloated to at least $36 billion

Thinking of working in Japan? A pleasant surprise on the money part

• Topping the list globally was the UK, with an average expat package of $421,798
• The average expatriate pay package provided by companies in Japan to mid-level employees is $386,451 a year

Rupee strengthens for third day against US dollar

• On Sunday, exit polls forecast that the Narendra Modi-led government will return to power for a second term
• Traders remain cautious ahead of the release of minutes from the most recent Federal Reserve policy meeting

Earthquake measuring 5.8 magnitude hits Andaman and Nicobar islands

• The mid range earthquake struck Andaman and Nicobar islands at around 6:09 am
• Andaman and Nicobar Islands is prone to frequent earthquakes

The bond market has a godfather in RBI, for now

• Bond yields have eased since the general elections began in April
• In short, RBI could absorb at least a quarter of the scheduled bond supply in FY20

Sebi permits mutual funds to participate in commodity derivatives

• Mutual funds to participate in commodity derivative market only through exchange traded commodity derivatives (ETCDs)
• Hybrid funds and gold ETFs permitted to participate in ETCDs

Airtel, ‎Voda Idea lose 30 million customers; Jio adds 9.4 million users in Mar

• Bharti Airtel's mobile subscriber base was 325.1 million, and that of rival Reliance Jio was 306.7 million as on March 2019
• Vodafone Idea and Bharti Airtel together shed 29.6 million users by March-end compared to February

PNB likely to take control of OBC, Andhra Bank and Allahabad Bank: Report

• PNB could take control of two-to-three small state-run banks, that could include Oriental Bank Of Commerce, Andhra Bank and Allahabad Bank
• PNB could start the process of taking control of the banks in the next three months

'Battle of ballots': Apps, websites and gadgets used during Lok Sabha Elections

• Telebu, Grptalk allowed people to connect with 3200 workers on a single call
• The administration also showed keen interest in leveraging technology during Lok Sabha elections

Finance commission may not extend GST compensation

• Tax buoyancy will take care of current shortfall in revenue in some states, says panel
• The guaranteed compensation to states under the GST regime will end in two years from now

Theresa May to ask lawmakers to vote on a second Brexit referendum

Theresa May said her govt will include in her Withdrawal Agreement Bill a requirement for lawmakers to vote on whether to hold another Brexit referendum

Opinion | The EVM ball is in the election panel’s court

A controversy over electronic voting machines has been brewing all through this poll season, but the Election Commission could still address these concerns and quell rumours

Guzzling high-priced UBL may be perilous to investors’ health

• United Breweries quotes at a stiff price-earnings multiple of about 55 times one-year forward earnings estimates
• Beer sales took a hit due to tax hikes in Maharashtra and West Bengal, and capacity constraints in Uttar Pradesh

Opinion | The global consequences of a Sino-American cold war

If care is not taken to avert the ‘Thucydides Trap’, it could get worse than the US-Russia Cold War

Opinion | Let’s not miss this opportunity to revive ‘Make in India’

India can leverage the US-China trade spat to attract firms looking to shift manufacturing out of China

Bio-Med directors in the dock over supply of tainted drugs

• Zonal drug regulator files complaint against company’s senior staff in Ghaziabad court
• The complaint is against Bio-Med’s five directors, its lab in-charge and the company itself

VC funds focused on India’s consumption story draw strong  investor interest

• The interest in these funds is also driven by LP’s need to invest in specialized funds as they bet more on India
• A91 Partners, the venture capital fund set up by three former managing directors at Sequoia Capital, is nearing the final close of its $350 million debut fund

Indices end lower, a day after record rally

• Sensex closed 1% lower at 38969.80 points, while the NSE Nifty 50 index fell 1.01% to close at 11,709.10 points
• Analysts believe domestic markets have already priced in Prime Narendra Modi's re-election, with little room for a further rally

CBDT wants religious, charitable trusts to be more open about their affairs

• Trusts also have to disclose details about their beneficial owners
• Tax relief is available to trusts on the income used towards meeting their stated religious or charitable objectives subject to conditions specified in Income Tax Act

How exit polls landed on a Modi return

Every pollster has predicted an NDA win. Is exit poll a fraud science or can one attach some credibility to it?

Aggrieved buyers face another Rera battle

• Several Rera orders favouring homebuyers have not been executed
• According to Rera Act, once an order is passed by the authority, it needs to be executed within a fixed timeline

Get a bird’s eye view of business from 15,000 ft

• Qtrove co-founder Vinamra Pandiya says skydiving, much like entrepreneurship, pushed him out of his comfort zone and the result was entirely worthwhile

Opinion | Are you a hoarder or a compulsive spender? You have a money disorder

Money disorders are prevalent in everyone—from the very poor to the very rich

Train 18 for exports after domestic demand is met: Railway official

• India's first self-propelled (engine-less) Train 18, which was rolled out last year, presently runs between New Delhi and Varanasi
• The official also said ICF would take up design, development and production of Train 19, a sleeper version of Train 18, in the current year