Indian equities continue to trade at premium to emerging market peers. (Photo: Reuters)
A file photo of finance minister Nirmala Sitharaman. (Mint)
For the bond market, what matters is the supply of sovereign bonds. (Photo: iStock)
Gold prices are heading for first decline in seven days (Photo: Reuters)
Adani Ports and SEZ chairman Gautam Adani (Reuters file)
Adani Ports and SEZ chairman Gautam Adani (Reuters file)

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

 (Photo: iStock)
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Watch: Budget recommendations by industry bodies to Nirmala Sitharaman

India’s first full-time woman Finance Minister Nirmala Sitharaman is all set to table her maiden budget on July 5. This is also Modi government 2.0’s first budget and expectations are high in all quarters. The Finance Minister met leading industry chambers earlier this month to elicit their views on various issues, including steps to boost industrial productivity. This forms part of the pre-Budget consultation exercise. Watch the video to find out the budget recommendations by industry bodies to Nirmala Sitharaman.

Indian bonds are drawing interest amid speculation that RBI may deliver a fourth rate cut this year.
Indian bonds are drawing interest amid speculation that RBI may deliver a fourth rate cut this year.

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

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US Secretary of State Mike Pompeo (left) shakes hands with Prime Minister Narendra Modi during their meeting at the latter's residence, in New Delhi on Wednesday (AFP)
US Secretary of State Mike Pompeo (left) shakes hands with Prime Minister Narendra Modi during their meeting at the latter's residence, in New Delhi on Wednesday (AFP)

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

Long Reads
E-commerce in India is a heavily contested battle for leadership between Flipkart and Amazon (Mint)
 (iStock)
 (Photo: Reuters )
Ramesh Chand, a shepherd from Kareri village near Dharamshala, is among a handful of Gaddi tribesmen left.
Plain Facts
 (iStock)
(iStock)

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

A file photo of Commerce minister Piyush Goyal
 (iStock)
(iStock)

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+ is set to launch on 12 November. (AFP)
Shilpa Sharma, founder of three companies, says travel has helped her develop the ability to notice what most people miss. (Photo: Mehak Sethi)
Google recommends the course to be taught before kids can play the game for the sake of better reinforcement of concepts. Source: Google
Google recommends the course to be taught before kids can play the game for the sake of better reinforcement of concepts. Source: Google

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

According to RBI, the volume of digital payments is expected to hit 30 billion in 2019. (Photo: iStock)
After searching for your destination and getting directions, users can enable this experience by selecting the “Stay Safer” and “Get off-route alerts” option. (Google Maps Navigation will also make use of the traffic data when calculating directions so that users will be routed around areas of congestion.)
After searching for your destination and getting directions, users can enable this experience by selecting the “Stay Safer” and “Get off-route alerts” option. (Google Maps Navigation will also make use of the traffic data when calculating directions so that users will be routed around areas of congestion.)

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 consumption eased 1.5% in 2018 to 760.4 tonnes, below a 10-year average of 838 tonnes. (Reuters )
 (iStock)
(iStock)

Opinion | Triple A will mean ‘highest safety’ from next year

Sebi is making the credit rating agencies accountable for the ratings they give bonds

US President Donald Trump and China's President Xi Jinping. (Photo: Reuters)
US President Donald Trump and China's President Xi Jinping. (Photo: Reuters)

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

Indian developers had entered the Dubai realty market after the 2008 financial crisis, but are now putting their plans on hold.
Indian developers had entered the Dubai realty market after the 2008 financial crisis, but are now putting their plans on hold.

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 has repaid close to  ₹40,000 crore of its financial obligations since September.
 (Photo: Reuters)
The transition to electric vehicles (EVs) is expected to cut India’s hefty oil import bill. Photo: Bloomberg
 (Reuters)
(Reuters)

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

Piramal group chairman Ajay Piramal (Mint file)
Altran Group Chairman and CEO Dominique Cerutti (L) and Capgemini Group Chairmand and CEO Paul Hermelin (R) shakes hands post Capgemini acquired Altran on Tuesday.  (Photo: AFP)
Altran Group Chairman and CEO Dominique Cerutti (L) and Capgemini Group Chairmand and CEO Paul Hermelin (R) shakes hands post Capgemini acquired Altran on Tuesday. (Photo: AFP)

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

SpaceX owner and Tesla CEO Elon Musk. (Reuters)
In April, Air India managed to sell less than 10 of the 56 properties that it had put up for sale
In April, Air India managed to sell less than 10 of the 56 properties that it had put up for sale

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

'Avengers: Endgame' has hauled in an estimated $2.75 billion at global box offices since its April release.
'Avengers: Endgame' has hauled in an estimated $2.75 billion at global box offices since its April release.

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 aborted air strikes on Iran last week but upped sanctions (Photo: Reuters)
If Sumitomo Corporation wins the bid, it may be entitled to a floor space index (FSI) of 4 permissible on the BKC plot in Mumbai.
Buying health insurance is an important decision because this insurance serves you for life. Photo: HT
FICCI has also urged the government to provide interest subsidy on loans provided to the healthcare sector.
A file photo of Tesla CEO Elon Musk. (AP)
A file photo of Tesla CEO Elon Musk. (AP)

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

Gold climbed for a sixth straight session to settle at $1,423.44 an ounce in the spot market in New York on Tuesday. (Photo: Reuters)
Gold climbed for a sixth straight session to settle at $1,423.44 an ounce in the spot market in New York on Tuesday. (Photo: Reuters)

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 at the Palam technical airport in New Delhi  for a state visit (Photo: AFP)
Smoke rises from a burning compartment of 18005 Howrah- Jagdalpur Samaleswari Express that got derailed, in Rayagada, (PTI )
Smoke rises from a burning compartment of 18005 Howrah- Jagdalpur Samaleswari Express that got derailed, in Rayagada, (PTI )

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

 (iStock)
(iStock)

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

The smartphone's highlights include a no-notch display, flip-up camera and flagship specifications including Qualcomm's Snapdragon 855 chipset paired with up to 8GB of RAM and 256GB of internal storage.
The smartphone's highlights include a no-notch display, flip-up camera and flagship specifications including Qualcomm's Snapdragon 855 chipset paired with up to 8GB of RAM and 256GB of internal storage.

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

 (Photo: AP )
Acharya, the youngest ever deputy governor, resigned from his position a few weeks back. REUTERS/Francis Mascarenhas
Acharya, the youngest ever deputy governor, resigned from his position a few weeks back. REUTERS/Francis Mascarenhas

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

The Bimal Jalan committee report will lead to transfer of under  ₹3 trillion of excess capital from RBI to the government (Photo: Reuters)
The Bimal Jalan committee report will lead to transfer of under 3 trillion of excess capital from RBI to the government (Photo: Reuters)

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

Budget 2019: Will NDA scrap LTCG tax to boost markets amid NBFC uncertainty?

  • The markets are keenly waiting for July 5, when India's new Union Finance Minister, Nirmala Sitharaman, presents her first budget to the nation. Multiple global and domestic factors - like the state of the Non-Banking Financial Companies, geopolitical tensions hitting crude oil prices, and sluggish global growth - have caused nervousness in the markets. In such a situation, will the government seek to infuse confidence by possibly abolishing the Long Term Capital Gains tax? Surya Bhatia, Managing Partner at Asset Managers speculates on such a move and others, ahead of the Budget presentation. Watch the full video for more.