SoftBank founder Masayoshi Son (right) has been known to say that he sees Oyo’s Ritesh Agarwal as a ‘son’ (Photo: Alamy)
SoftBank founder Masayoshi Son (right) has been known to say that he sees Oyo’s Ritesh Agarwal as a ‘son’ (Photo: Alamy)

It’s showtime as stakes get higher for Oyo

  • In the post WeWork era, Oyo’s business model and expansion spree are coming under greater scrutiny
  • No other Indian consumer firm, much less an internet startup, has ventured with such gusto into difficult global markets such as China, the UK and US all at the same time

Photo: iStock
The commentary on investments and near-term profitability has led to the belief that profitability is on the mend at Infosys. (Mint )

Your morning ritual now travels with you!

Try Mint E-paper
The government’s move comes in the wake of the scam at PMC Bank.reuters
Videos
View All
Mark to Market
View All
Yes Bank stock has plunged 69% this year, reducing its market value to 143 billion rupees. (Reuters)
Yes Bank stock has plunged 69% this year, reducing its market value to 143 billion rupees. (Reuters)

Erwin Singh Braich, the puzzling Canadian, behind a bid to save Yes Bank

  • Yes Bank desperately needs the cash injection to replenish its core equity capital
  • Braich says he has the money for the investment and has provided documentation to Yes Bank’s CEO Ravneet Gill

Day’s most important news delivered to your inbox with our newsletters!

Subscribe for free
The bill aims to provide citizenship to those who had been forced to seek shelter in India because of religious persecution. (ANI )
The bill aims to provide citizenship to those who had been forced to seek shelter in India because of religious persecution. (ANI )

Delighted that Lok Sabha passed Citizenship Bill: PM Modi

  • The next test of the bill will be in Rajya Sabha where the NDA will require the support of at least 123 MPs in the 245-member house
  • The bill aims to provide citizenship to those who had been forced to seek shelter in India because of religious persecution

Affordable and mid-segment housing still dominate the property market. (Pradeep Gaur/Mint)
Investors booked profits as benchmark equity indices rose 1.6% in November (Photo: Reuters)
For the past two years, the markets regulator had been unable to identify the source of the leak of information (Photo : Aniruddha Chowdhury/Mint)
For the past two years, the markets regulator had been unable to identify the source of the leak of information (Photo : Aniruddha Chowdhury/Mint)

Sebi sends show-cause notice to 10 entities for WhatsApp leaks

  • Sebi has found the 10 entities guilty of releasing unpublished price-sensitive information on WhatsApp groups
  • June 2017 quarter financial results of 20 Nifty 50 scrips were leaked before they were made public

Sun Pharma gained 1% after Morgan Stanley was 'overweight' on the stock with a target at  ₹530 per share.
The term ‘growth recession’ has gained traction after comments made by former RBI governor Raghuram Rajan
The term ‘growth recession’ has gained traction after comments made by former RBI governor Raghuram Rajan

Slowdown can be early warning for growth recession

  • The jury is out on whether India is experiencing a growth recession as we don’t have credible data on the number of jobs available
  • India has experienced many growth recessions and slowdowns in the last two decades

Long Reads
A car being rolled out of the Maruti Suzuki plant in Manesar. The country's largest car maker Maruti Suzuki India.  (PTI)
A car being rolled out of the Maruti Suzuki plant in Manesar. The country's largest car maker Maruti Suzuki India. (PTI)

Maruti raises output a tad, but investors are hoping for more

  • Production hike could fill dealer pipeline with BS-VI compliant vehicles, after the inventory fell to reasonable levels
  • Maruti has to clear the BS-IV vehicle inventory before March, which may lead to high discounts

The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria.  (REUTERS)
The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria. (REUTERS)

The impact of Opec’s production cuts

  • The brokerage firm has retained its Brent crude price estimate at $60 per barrel for CY20
  • Among other variables, investors will keep a close eye on whether the production cuts will be extended beyond March

Plain Facts
The rate of hospitalisation in India currently at 2.9% (meaning that around 3 out of every 100 people need hospitalisation, excluding childbirth, during a calendar year) these spending shocks are rarer compared to routine ailments (Photo: iStock)

Why India needs more mohalla clinics

4 min read . 09 Dec 2019
Photo: Bloomberg

Saving like an Indian millennial

4 min read . 08 Dec 2019
Photo: Mint

Are  MSMEs adding to our NPA woes?

4 min read . 04 Dec 2019
Earlier in calendar year 2019, SBI's home loans were 10-60 bps above MCLR for different loan amounts. Photo: iStock
So the dividend option may not serve the purpose of drawing a regular income
So the dividend option may not serve the purpose of drawing a regular income

Get SWP on your debt fund for better returns

  • A systematic withdrawal plan is more tax efficient than the dividend option of a debt mutual fund, and this helps boost your post-tax returns
  • SWP withdrawals are not dependent on the fund’s performance

As an investor you can change your mutual fund distributor simply by filing a form to that effect. Photo: iStock
QE might have hurt pension funds, but stock investors are grateful.
QE might have hurt pension funds, but stock investors are grateful.

Opinion | Will the mother of all asset price bubbles burst in 2020?

Negative yields on debt in the developed world are flashing warning signs for the global economy

In the year so far, the rupee has weakened 1.7% against the US dollar.
Gold price today: On MCX, gold prices are down at  ₹37,570 per 10 gram
The Union Cabinet cleared the launch of the Bharat Bond ETF on December 4, allowing retail investors to participate. (iStock)
The Union Cabinet cleared the launch of the Bharat Bond ETF on December 4, allowing retail investors to participate. (iStock)

Bharat Bond ETF to open this Thursday

  • Bharat Bond ETF's New Fund Offer has got the nod of market regulator Sebi and will be launched on December 12
  • It may have an offer size of 7,000 crore

Nimisha Jain of Boston Consulting Group interacts with Rameet Arora of HT in Episode 9 of HT Brand Studio Live, Season 2.
Vodafone is the fastest 4G network in the Delhi-NCR region with its download speeds being higher than other operators (Reuters)
Vodafone is the fastest 4G network in the Delhi-NCR region with its download speeds being higher than other operators (Reuters)

Vodafone found to have fastest 4G network in Delhi-NCR region: Report

  • According to Ookla, these results are based on speed tests done by 4G users across the length and breadth of Delhi-NCR region
  • The fastest 4G speeds in Delhi-NCR is based on analysis by Vodafone of Ookla Speedtest Intelligence data

Indians participate in a torch light procession to protest against the Citizenship Amendment Bill (CAB) in Gauhati. (AP)
Indians participate in a torch light procession to protest against the Citizenship Amendment Bill (CAB) in Gauhati. (AP)

Opinion | The inevitability of errors in determining citizenship

The odds of genuine citizens facing state action are high enough to spark a humanitarian crisis in India

Picture for representational purpose only. (Reuters)
Picture for representational purpose only. (Reuters)

Antarctica-bound plane missing with 38 on board, says Chilean Air Force

  • A state of alert was declared after communication with plane was lost, and a search and rescue team was activated
  • The aircraft was traveeling to perform logistical support tasks for the maintenance of Chilean facilities at the Antarctic base

In a teaser posted by Chinese website Weibo, the Redmi K30 series will house a 64MP camera with the latest generation IMX686 (Weibo)
Amit Shah’s introduction of the bill came amid heated exchanges between treasury and opposition benches (Photo: PTI)
Karnataka chief minister B.S. Yediyurappa (left) celebrates with his son, B.Y. Vijayendra, in Bengaluru on Monday. (Photo: PTI)
Moody's said that APAC banks have generally maintained good capital and liquidity buffers and the probability of government support for these banks will stay high. (Bloomberg)
Moody's said that APAC banks have generally maintained good capital and liquidity buffers and the probability of government support for these banks will stay high. (Bloomberg)

Pressure on Indian finance companies due to NBFC crisis: Moody's

  • Moody's Investors Service's outlook for the banking industry in Asia Pacific is negative over the next 12 months
  • With fiascos such as the IL&FS and DHFL, the government has asked RBI to consider several proposals to de-stress the NBFC sector

Founded in 2015 by Gaurav Munjal, Roman Saini and Hemesh Singh, Unacademy has raised roughly $39 million from investors such as Sequoia India, SAIF Partners, Nexus Venture Partners and Blume Ventures.
Founded in 2015 by Gaurav Munjal, Roman Saini and Hemesh Singh, Unacademy has raised roughly $39 million from investors such as Sequoia India, SAIF Partners, Nexus Venture Partners and Blume Ventures.

General Atlantic, GGV Capital in talks to invest in Unacademy

Unacademy, which is looking to raise $100 mn, will likely see more investors like Singapore-based GIC

Ujjivan Small Finance Bank IPO, which was open from December 2 to 4, had a price band of  ₹36-37. (iStock)
Shares of Yes Bank, HDFC, Bharti Airtel, Hero MotoCorp, PC Jeweller likely to be in focus.
The entertainment offerings this week include war epic Panipat and comedy drama Pati Patni Aur Woh.
Photo: iStock
Photo: iStock

Opinion | Frankenstein monsters will not be taking our jobs anytime soon

All that artificial intelligence has been able to do so far is take algorithmic concepts and apply those to large volumes of data

Average healthcare expenditure is lower for women in adult age groups, regardless of the type of disease and duration of stay in the hospital. Reuters
Vishal Sikka, (Photo: Reuters)
PSBs posted an aggregate profit of  ₹3,221 crore in the first half ending September. Photo: Hemant Mishra/Mint
PSBs posted an aggregate profit of 3,221 crore in the first half ending September. Photo: Hemant Mishra/Mint

PSBs post 3,221 cr profits in H1: Mos Finance Anurag Singh Thakur

  • PSBs had posted huge losses in 2017-18 and 2018-19 financial years
  • State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of 1,55,603 crore and 1,53,871 crore respectively

SBI 1-year MCLR to be 7.90% (Mint)
A sign is displayed on the Morgan Stanley building in New York (REUTERS)
A sign is displayed on the Morgan Stanley building in New York (REUTERS)

Morgan Stanley eliminates about 1,500 jobs in year-end cuts

  • The Wall Street firm has been in the spotlight for an investigation into its currency-options desks
  • The reductions amount to about 2% of the firm’s workforce

Among debt-oriented schemes, overnight funds — invest in securities with a maturity of one day — received flows worth about  ₹20,650 crore, the highest among the fixed-income segment last month
Among debt-oriented schemes, overnight funds — invest in securities with a maturity of one day — received flows worth about 20,650 crore, the highest among the fixed-income segment last month

Mutual funds' asset base hits all-time high of 27 lakh crore in November

  • Fund managers attributed growth in the asset base to strong inflows of around 51,000 cr in debt-oriented schemes
  • Mutual fund houses witnessed an overall inflow of 54,419 cr last month as compared to 1.33 lakh cr in October

Photo: AP
Lodha family’s wealth increased by 18% during 2019 and was 12% of the cumulative wealth of the remaining 99 Indians featured on the list. (SATISH BATE/ HT PHOTO)
Lodha family’s wealth increased by 18% during 2019 and was 12% of the cumulative wealth of the remaining 99 Indians featured on the list. (SATISH BATE/ HT PHOTO)

M P Lodha India's richest real estate entrepreneur with wealth of 32,000 cr

  • Lodha family’s wealth increased by 18% during 2019 and was 12% of the cumulative wealth of the remaining 99 Indians featured on the list
  • As per the report, Mumbai accounted for six of the top 10 and 37 of the 100 names being its residents

A Xiaomi Corp. Mi Note 10 smartphone is displayed during a news conference in Tokyo, Japan.  (Bloomberg)
A Xiaomi Corp. Mi Note 10 smartphone is displayed during a news conference in Tokyo, Japan. (Bloomberg)

Xiaomi Mi Note 10 to launch in India by January 2020

  • The device also houses a massive 5,260mAh battery along with support for 30W fast charging technology
  • In terms of specifications, smartphone features a 6.47-inch FHD AMOLED display with a fingerprint reader underneath

The company, which has around 860 sales outlets spread across the country, has already added up around 100 outlets in the current financial year till now. (Ramesh Pathania/Mint)
The company, which has around 860 sales outlets spread across the country, has already added up around 100 outlets in the current financial year till now. (Ramesh Pathania/Mint)

Tata Motors to add another 100 sales outlets for passenger vehicles this fiscal

  • Altroz, which comes with BS-VI compliant petrol and diesel powertrains, is set for launch next month
  • The company used to add just 100 showrooms per financial year, and this year has been an exception