Federal Reserve Board building. (Reuters)
Federal Reserve Board building. (Reuters)

Fed holds rates steady, to slow balance sheet reduction

  • In a major shift in its perspective, the Fed also now expects to raise borrowing costs only once more through 2021
  • The Fed's policy statement was unanimous

SpiceJet Chairman Ajay Singh (HT )
SpiceJet Chairman Ajay Singh (HT )

Govt said to offer SpiceJet Jet Airways grounded planes

  • The proposal involves SpiceJet, led by chairman Ajay Singh, acquiring as many as 40 of Jet Airways’ grounded planes 
  • The government has also reached out to otheir airlines to pick up Jet Airways planes

Vodafone Idea is leaving no stone unturned to ensure its rights issue gets enough subscribers. (Sarvesh Kumar Sharma/Mint)
PNB fraud accused Nirav Modi. (HT)
Mindtree promoters have opposed L&T hostile takeover bid. (Mint)
The Blackstone-Embassy REIT plans to raise  ₹4,750 crore in the IPO by issuing units in a price band of  ₹299-300 apiece. (Mint)
The Blackstone-Embassy REIT plans to raise 4,750 crore in the IPO by issuing units in a price band of 299-300 apiece. (Mint)

Investors give a thumbs up to Embassy Office Parks REIT IPO

  • As of 5.30pm on Wednesday, the Blackstone-Embassy REIT IPO was subscribed 2.58 times
  • Institutional investors subscribed to 215% of the shares alloted for them in the Embassy REIT IPO, retail subscription stood at 310%

The Mate X looks stellar not just because it’s well designed, but because it’s just so new.
Etihad currently holds 24% stake in Jet Airways (Reuters)
Mark to Market
View All
Suzuki will also produce its Baleno, Vitara Brezza, Ciaz, and Ertiga models for Toyota to sell in Africa.
Suzuki will also produce its Baleno, Vitara Brezza, Ciaz, and Ertiga models for Toyota to sell in Africa.

After Baleno, Maruti Suzuki Ciaz, Ertiga to be sold as Toyota in India

  • Toyota, Suzuki also plan to produce electric vehicles and compact cars for each other to compete better in the auto industry
  • Toyota is helping Suzuki to develop and market electric cars in India, while Suzuki helps Toyota increase its presence here

ArcelorMittal has offered to pay Essar Steel creditors  ₹42,000 crore and plans an equity infusion of  ₹8,000 crore into the bankrupt company.
ArcelorMittal has offered to pay Essar Steel creditors 42,000 crore and plans an equity infusion of 8,000 crore into the bankrupt company.

ArcelorMittal-Essar Steel case: NCLAT calls for rework of payout of dues

  • NCLAT tells Essar Steel's RP to call a fresh meeting of creditors to discuss distribution of funds coming in from ArcelorMittal
  • NCLAT upholds in 'letter and spirit' NCLT Ahmedabad's 8 March order, which approved ArcelorMittal offer for Essar Steel

Elections 2019
View All
People watch Prime Minister Modi’s address to the 2.5 million watchmen on a mobile phone at the BJP office in New Delhi on Wednesday. (Pradeep Gaur/ Mint )
People watch Prime Minister Modi’s address to the 2.5 million watchmen on a mobile phone at the BJP office in New Delhi on Wednesday. (Pradeep Gaur/ Mint )

‘Chowkidar’ PM addresses watchmen as authorities get hold of Nirav in London

  • The timing of the arrest is significant as India is in the midst of a high-intensity election campaign
  • The BJP credited the Prime Minister for the arrest of Nirav Modi, but opposition parties said the timing of the arrest was suspect

Thirukumaran Nagarajan, chief executive and co-founder, Ninjacart. Ninjacart started as a B2C hyperlocal grocery delivery platform in 2015.
Thirukumaran Nagarajan, chief executive and co-founder, Ninjacart. Ninjacart started as a B2C hyperlocal grocery delivery platform in 2015.

How Ninjacart became a B2B agritech startup

  • Ninjacart realised that while there was consumer demand for online vegetables marketplace, the supply side was too fragmented
  • Ninjacart then pivoted to a B2B agritech platform to to solve one of the toughest agricultural supply chain problems at its root

3 CRPF personnel of 187th battalion shot dead by another jawan at battalion's headquarters in Udhampur
3 CRPF personnel of 187th battalion shot dead by another jawan at battalion's headquarters in Udhampur

CRPF jawan kills 3 colleagues in J&K's Udhampur

  • Constable Ajit Kumar shot three of his colleagues from his service rifle at the 187th battalion camp
  • Senior CRPF officials in New Delhi confirmed that the incident had occurred at 10 pm 

CoinDCX founders Sumit Gupta (left) and Neeraj Khandelwal.
Congress leader Ghulam Nabi Azad (left) and National Conference president Farooq Abdullah in Jammu on Wednesday. PTI
Congress leader Ghulam Nabi Azad (left) and National Conference president Farooq Abdullah in Jammu on Wednesday. PTI

Mixed bag for Congress in stitching alliances

  • The party has struck alliances in Karnataka and Tamil Nadu. However, several others are still a work in progress
  • A key state in which last-minute talks on division of seats are still on is Maharashtra

Pakistan’s move has caused flight disruptions for domestic and foreign airlines operating in India. HT
If L&T can pull off the Mindtree takeover, it stands to gain from higher scale in some key verticals, which will give access to some clients and projects, which L&T Infotech couldn’t target on its own. (Vipul Sharma/Mint)
If L&T can pull off the Mindtree takeover, it stands to gain from higher scale in some key verticals, which will give access to some clients and projects, which L&T Infotech couldn’t target on its own. (Vipul Sharma/Mint)

L&T storms Mindtree gates, but its own investors feel the heat

  • Larsen and Toubro's (L&T's) hostile takeover provides a nice exit window for Mindtree investors at 980/share
  • The worry is for L&T investors, since the engineering conglomerate is increasing exposure to non-core businesses

 (Bloomberg)
Prime Minister Narendra Modi being welcomed by BJP National President Amit Shah as he arrives to attend the BJP Central Election Committee (CEC) meeting for the upcoming Lok Sabha elections, at BJP headquarters. (PTI )
Prime Minister Narendra Modi being welcomed by BJP National President Amit Shah as he arrives to attend the BJP Central Election Committee (CEC) meeting for the upcoming Lok Sabha elections, at BJP headquarters. (PTI )

National security, corruption, economic reforms on agenda this election

BJP will stress India’s response to Pulwama was possible due to a strong and stable govt

Facebook CEO Mark Zuckerberg. Facebook has made over 50 acquisitions, the biggest among of them being Instagram and WhatsApp. (AP)
Facebook CEO Mark Zuckerberg. Facebook has made over 50 acquisitions, the biggest among of them being Instagram and WhatsApp. (AP)

Facebook eyeing investments in content startups in India

  • Facebook is in early-stage talks with several content startups, including PoPXo for potential investments
  • Any startup funding would also be a departure from Facebook’s usual strategy of buying companies outright

Jay Lakhani (left) with his partner Deepa Gurnani.
Jay Lakhani (left) with his partner Deepa Gurnani.

Give fashion the pause when on a discovery trail

  • Go-to gadget: Jay Lakhani still believes in the virtues of a good old physical map as well as a great guidebook on the destination for recommendations
  • Stealing a few breaks that coincide with business travel offers snatches of time to reboot

Aseemanand was one of those acquitted on Wednesday. Photo: PTI
A 3D-printed Facebook logo is displayed in front of the Twitter logo. (Reuters)
GMR has awarded 9 lakh sq.m of land at Aerocity Delhi to Bharti Realty for development. (Mint)
Stay true to the process but don’t try to time it. iStockphoto
SpiceJet and IndiGo are expected to gain financially amid a Jet Airways crisis that refuses to abate. (Ramesh Pathania/Mint)
SpiceJet and IndiGo are expected to gain financially amid a Jet Airways crisis that refuses to abate. (Ramesh Pathania/Mint)

SpiceJet, IndiGo shares surge at the expense of Jet Airways

  • SpiceJet shares rise 16.38% to 91.65 apiece on the BSE while IndiGo shares gain 7.3% to end the day at 1,422.80
  • Investors are betting that SpiceJet and IndiGo will gain financially amid a Jet Airways crisis that refuses to abate

The association with actor Benedict Cumberbatch underlines MG Motor's unique British heritage, says Morris Garage.
Allocation to global equities continued to decline in March, falling to 3% overweight, according to the BofAML survey. (Sarvesh Kumar Sharma/Mint)
Allocation to global equities continued to decline in March, falling to 3% overweight, according to the BofAML survey. (Sarvesh Kumar Sharma/Mint)

Allocation to equities lowest since 2016, shows BofAML survey

  • Allocation to global equities continued to decline in March, falling to 3% overweight, according to the BofAML survey
  • Investors aren’t too gung-ho on equities despite the ongoing rally and improved outlook on corporate earnings growth

The last time such a low growth was reported in July 2014.
The last time such a low growth was reported in July 2014.

India aviation industry hits airpocket amid Jet Airways crisis

  • All major carriers operated a truncated schedule, mostly led by the crippled Jet Airways and budget carrier Indigo
  • Indigo retained its top position with a market share of 43.4%, carrying 4.93 million passengers in February

Cement price hikes taken by producers in February have moderated in March. (Vipul Sharma/Mint)
Unless Coal India Ltd keeps up the supply momentum, the current coal inventory could soon disappear at thermal power plants. (Vipul Sharma/Mint)
Unless Coal India Ltd keeps up the supply momentum, the current coal inventory could soon disappear at thermal power plants. (Vipul Sharma/Mint)

Coal stock rises at thermal power plants, but will it be enough?

  •  Coal stocks at 126 thermal power plants rose for a fourth successive month in February to 26 million tonnes, says Elara Capital
  • Rise in coal inventory, however, coincides with a slump in power demand—electricity generation in Jan-Feb declined 0.9%

At 29.6 years, the average age of the Chennai squad, like several years in the past, is almost four years more than Delhi, Punjab, Rajasthan, and Bangalore. (PTI)
At 29.6 years, the average age of the Chennai squad, like several years in the past, is almost four years more than Delhi, Punjab, Rajasthan, and Bangalore. (PTI)

How the teams in IPL 2019 stack up on experience

When it comes to balancing myriad factors in team composition, last year’s finalists—Chennai and Hyderabad—look most settled in this year’s IPL too

Electoral compulsions are bound to guide the behaviour of political parties, especially in running down opponents. 
A Nirav Modi showroom. (Reuters)
A Nirav Modi showroom. (Reuters)

Nirav Modi likely to be held in separate cell in prison

  • HMP Wandsworth is a Category B prison, where criminals are held if not deemed to be of a high level of security risk
  • Nirav Modi is likely to be held in a separate cell until his next hearing on March 29

Vodafone Idea had in January approved the rights issue for existing shareholders. (Reuters)
Vodafone Idea had in January approved the rights issue for existing shareholders. (Reuters)

Vodafone Idea prices 25,000 crore rights issue at 12.5 a share

  • Vodafone Idea shareholders will be able to buy 87 shares for every 38 shares held for an issue price of 12.50 apiece, a 60% discount
  • The rights issue will increase the number of Vodafone Idea shares by 229%, diluting it to 28.74 billion outstanding shares

Reliance Jio led the market with 28.94 crore broadband subscribers. (Pradeep Gaur/Mint)
Reliance Jio led the market with 28.94 crore broadband subscribers. (Pradeep Gaur/Mint)

India's telecom subscribers base crosses 120 crore: Trai data 

  • Reliance Jio dominated growth by adding over 93 lakh new mobile customers
  • The net increase of telecom subscriber in January was 59 lakh, compared to over 1 crore subscribers added by the three players

We must make a distinction between what’s designed to incite and what some folk get incited by. 
We must make a distinction between what’s designed to incite and what some folk get incited by. 

Opinion | If you ban PUBG, why not cricket as well?

It makes no sense to deprive people of a particular game’s thrills on vague allegations of its bad influence. Arbitrary bans reveal a lack of clarity on the principles of governance 

Poster of 'Mard Ko Dard Nahi Hota'
Darryl told stories to readers not aware of all the facts but who were willing to listen. (Facebook)
Shatrughan Sinha, the BJP MP from Patna, had been making his displeasure with the BJP top leadership amply clear ever since Modi outsmarted his mentor, L. K. Advani, to seize control of the party. (Amal KS/Hindustan Times)
Shatrughan Sinha, the BJP MP from Patna, had been making his displeasure with the BJP top leadership amply clear ever since Modi outsmarted his mentor, L. K. Advani, to seize control of the party. (Amal KS/Hindustan Times)

Opinion | Has the BJP got the better of dissident Shatrughan Sinha?

The game of nerves that Sinha and his party have been playing over who snaps ties first is finally headed for a climax

Encouraged by consistently high growth and profits over the previous decade, Unilever increased its stake in HUL in 2013 from 52.5% to 67.3%, with a  ₹29,000-crore open offer,
Encouraged by consistently high growth and profits over the previous decade, Unilever increased its stake in HUL in 2013 from 52.5% to 67.3%, with a 29,000-crore open offer,

Opinion | Unilever should move its global head office to India

The move would meet a crucial criterion for such a choice, which is to be closer to the firm’s end users 

Thyssenkrupp confirmed it remains confident that the transaction, which will create Europe's second-largest steelmaker. (Bloomberg)
About 43% of the Gen-Z (19- to 22-year-olds) and 45% of younger millennials (23- to 29-year-olds) think it is 'somewhat' to 'extremely' easy to find a job nowadays. (HT)
About 43% of the Gen-Z (19- to 22-year-olds) and 45% of younger millennials (23- to 29-year-olds) think it is 'somewhat' to 'extremely' easy to find a job nowadays. (HT)

Optimism about jobs rises among India's youth: Survey

Perceptions about employment prospects are changing among urban youth, but a majority are still dissatisfied with the job market, shows a Mint-YouGov survey

Sensex, Nifty end flat after a seven-day rally

  • IT stocks among top gainers; auto, banking stocks drag
  • PNB shares gain after Nirav Modi's arrest

A Jet Airways Boeing 737 MAX 8 aircraft. (Reuters)
A Jet Airways Boeing 737 MAX 8 aircraft. (Reuters)

Govt looks at providing Jet Airways' unused airport slots to other airlines

  • Civil Aviation Secretary said the ministry would discuss with Jet Airways about its requirements, including how many slots are being used
  • Cash-strapped Jet Airways, which is looking to raise fresh funds, has grounded at least 47 planes due to non-payment of lease rental