A file photo of Mahindra Electric’s factory in Bengaluru.
One element of Deutsche Bank’s push in India is lending to business tycoons against their equity holdings. (REUTERS)
One element of Deutsche Bank’s push in India is lending to business tycoons against their equity holdings. (REUTERS)

Deutsche Bank boosts loans to cash-strapped tycoons in India

  • Goldman Sachs Group Inc. and Apollo Global Management Inc. are among the other global firms to have spotted similar opportunities in India’s bad-debt woes

From The Wall Street Journal
Illustration: Jayachandran/Mint
Illustration: Jayachandran/Mint

Why India’s states are antsy about money

  • How much money gets spent by the Centre and each state just got decided. Here’s how and why it matters to you
  • If the less-than-expected tax buoyancy continues, states will feel more anxious, especially with GST having the unintended effect of creating a new Centre-state fault line

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New Delhi is expected to buy 24 Seahawk helicopters. (Reuters)
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Netflix’s “Sacred Games” series, a local original, has drawn Indian viewers globally. Photo Imaging: Kishore Rawat
Netflix’s “Sacred Games” series, a local original, has drawn Indian viewers globally. Photo Imaging: Kishore Rawat

How India’s top local streamer is battling Netflix and Disney's Hotstar

  • Zee5, the top domestic streaming platform set up by India’s biggest television broadcaster, is betting on local content
  • There are 22 official languages in India, creating a broad battlefield for niche audiences.

Huawei has teamed up with Bharti Airtel and Vodafone Idea for 5G trials even as the Chinese telecom equipment maker faces global scrutiny over network security concerns. (Reuters)
Huawei has teamed up with Bharti Airtel and Vodafone Idea for 5G trials even as the Chinese telecom equipment maker faces global scrutiny over network security concerns. (Reuters)

DoT gets right to bar Chinese firms from govt telecom tenders

  • The move is set to hit Chinese telecom equipment suppliers such as Huawei, ZTE and UTStarcom
  • The US has also pressed its allies to ban companies such as Huawei from participating in 5G networks

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A bus believed to be carrying Hong Kong passengers from the cruise ship Diamond Princess, leaves Daikoku Pier Cruise Terminal (REUTERS)
A bus believed to be carrying Hong Kong passengers from the cruise ship Diamond Princess, leaves Daikoku Pier Cruise Terminal (REUTERS)

Coronavirus LIVE: IAF flight for evacuation delayed, Job offers in Asia delayed

  • More than 620 of the passengers on the Diamond Princess liner have been infected on the ship
  • China’s banks lowered the benchmark borrowing costs for loans as Beijing seeks to blunt the economic impact of the outbreak

The company generally releases previews for its operating system ahead of its developer event -- Google I/O. (Photo: Reuters) (Reuters)
Gold price today: On MCX, gold futures rose to as much as  ₹41,798 per 10 gram (REUTERS)
He sold each of them to a Pakistani man for Dh10,000
He sold each of them to a Pakistani man for Dh10,000

Indian cleaner in Dubai steals watches worth $2 million

  • The 26-year-old cleaner, who is currently detained, is accused of stealing the valuables from a watch and jewellery shop where he worked
  • Two Pakistani men (cousins), aged 44 and 25, both fugitives, were also on trial in absentia for possession of the stolen watches

Senator Bernie Sanders addresses former New York City Mayor Mike Bloomberg during his closing remarks as Senator Elizabeth Warren listens at the ninth Democratic 2020 U.S. Presidential candidates debate at the Paris Theater in Las Vegas, Nevada, U.S (REUTERS)
Senator Bernie Sanders addresses former New York City Mayor Mike Bloomberg during his closing remarks as Senator Elizabeth Warren listens at the ninth Democratic 2020 U.S. Presidential candidates debate at the Paris Theater in Las Vegas, Nevada, U.S (REUTERS)

India 'bigger problem' than China on reducing carbon emissions: Mike Bloomberg

  • Bloomberg said it was 'ridiculous' of the Trump administration to take the US out of the 2015 Paris climate agreement
  • He was asked about his business which is heavily invested in China, the number one producer of carbon emissions in the world

Photo: HT
IRSDC has launched 4 new facilities at Anand Vihar station. Image for representation.  (Mint)
IRSDC has launched 4 new facilities at Anand Vihar station. Image for representation. (Mint)

Anand Vihar railway station gets new facilities

  • Anand Vihar railway station now has a massage kiosk as well as a new waiting lounge for train passengers
  • The Railways has also started two new shops inside the station

Metro commuters can also book vehicles through the SmartE app and pay digitally for their rides. (DMRC)
Metro commuters can also book vehicles through the SmartE app and pay digitally for their rides. (DMRC)

DMRC extends e-rickshaw services to 12 more metro stations

  • With this addition, the number of e-rickshaws has gone beyond 1,000 covering 29 metro stations
  • The fares of these e-rickshaws have been kept very nominal at a base price of 10 for the first 2-km

The company wants to offer future-ready products
The company wants to offer future-ready products

India's 'first 5G smartphone' likely to cost 50,000

  • A leading website, which compares mobile phones, estimates that the price of 5G smartphone handset with a lower chipset version could be available at 25,790 per unit
  • iQOO 3, a new smartphone brand from China, is also likely to announce its 5G phone on February 25

Photo: iStock
Photo: iStock
IndiGo has also started a four-day sale on its international flights.
Debt mutual funds: Which type of funds to go for depends on the duration of your investment horizon  (Photo: iStock)
Debt mutual funds: Which type of funds to go for depends on the duration of your investment horizon (Photo: iStock)

Mint50: Hand-picked mutual funds to build your portfolio

Mint50, a curated basket of investment-worthy funds, is the result of an exhaustive exercise that blends in various parameters with the aim of getting you the best combination of risk and returns

The smart mask will also come with sensors like accelerometers and gyroscopes (Reuters)
Swiggy clocks up to 1 million orders daily, show industry estimates. ( Priyanka Parashar/Mint)
Swiggy clocks up to 1 million orders daily, show industry estimates. ( Priyanka Parashar/Mint)

Swiggy raises $112 million in fresh round led by Naspers

  • South African internet firm will own up to a 40.56% stake, Meituan 6.35%, and Hadley Harbour 1.09%
  • This investment is part of Swiggy’s plan to raise up to $1 billion for its food delivery and cloud kitchen businesses

Power minister R.K. Singh is expected to meet top industry executives on Thursday to discuss the matter. (Photo: Ramesh Pathania/Mint)
Google has decided to move its British users out of Irish jurisdiction because it is unclear whether Britain will follow GDPR or adopt other rules (Bloomberg)
Google has decided to move its British users out of Irish jurisdiction because it is unclear whether Britain will follow GDPR or adopt other rules (Bloomberg)

Google users in UK said to lose EU data protection over Brexit

  • Google intends to require its British users to acknowledge new terms of service including the new jurisdiction
  • Ireland, where Google and other US tech companies have their European headquarters, is staying in the EU,

The train will provide a host of facilities and services to the passengers on-board including high quality vegetarian food.
File photo. Tourists visit the Gateway of India arch-monument in Mumbai. (Bloomberg)
File photo. Tourists visit the Gateway of India arch-monument in Mumbai. (Bloomberg)

Four 5-star hotels in Mumbai receive bomb threat

  • Four five-star hotels in Mumbai have received a bomb threat over e-mail, Mumbai Police said
  • The sender of the email claimed to be from Lashkar-e-Taiba, police said

Nikhil Gandhi, India Head - TikTok
The cheapest health insurance plans may not be the best ones. Photo: iStockphoto
In New Delhi, a litre of petrol is being sold for  ₹71.89, diesel  ₹64.65. In Mumbai, petrol costs  ₹ ₹77.56 a litre and diesel  ₹64.65.
(Photo: ANI)
'The inventor of cut/copy & paste, find & replace, and more was former Xerox researcher Larry Tesler.' the company tweeted. (AP)
'The inventor of cut/copy & paste, find & replace, and more was former Xerox researcher Larry Tesler.' the company tweeted. (AP)

Larry Tesler, inventor of 'cut, copy and paste' command dies

  • Larry Tesler spent 17 years at Apple, rising to chief scientist
  • The cut and paste command was reportedly inspired by old time editing

Photo: iStock
Shubham Housing provides retail home loans to low-income borrowers for purchasing ready property, home improvement, home extension and for the construction of dwelling units on plots owned by the borrowers.
Shubham Housing provides retail home loans to low-income borrowers for purchasing ready property, home improvement, home extension and for the construction of dwelling units on plots owned by the borrowers.

Shubham Housing to raise 1,000 crore

  • Fundraise will see three PE firms dilute or sell their entire stake
  • Shubham Housing is looking to raise about 700 cr worth of primary capital for business expansion

Photo: HT
Interlocutors Sanjay Hegde (with mike) and Sadhana Ramachandran interact with protesters at Shaheen Bagh in New Delhi on Wednesday.
Interlocutors Sanjay Hegde (with mike) and Sadhana Ramachandran interact with protesters at Shaheen Bagh in New Delhi on Wednesday.

SC mediators reach out to Shaheen Bagh protesters

  • Interlocutors ask agitators to shift venue of sit-in protest against citizenship legislation
  • Mediators assure the Shaheen Bagh agitators that SC acknowledges their right to protest

BS-VI grade fuels were made available in 7 districts of Haryana from October 1, 2019
BS-VI grade fuels were made available in 7 districts of Haryana from October 1, 2019

India to switch to world's cleanest petrol, diesel from April 1

  • State-owned oil refineries spent about 35,000 crore to upgrade plants that could produce ultra-low sulphur fuel
  • This investment is on top of 60,000 crore they spent on refinery upgrades in the previous switchovers.

Posters of Prime Minister Narendra Modi, US President Donald Trump, and US' First lady Melania Trump put up ahead of Trump's visit to India on 24 February, in Ahmedabad.
Posters of Prime Minister Narendra Modi, US President Donald Trump, and US' First lady Melania Trump put up ahead of Trump's visit to India on 24 February, in Ahmedabad.

Donald Trump to be treated to India's rich cultural heritage in Ahmedabad

  • Prime Minister Modi would host a lunch for the US president following the talks
  • In Ahmedabad, Donald Trump will address the 'Namaste Trump' event jointly with Prime Minister Narendra Modi at the newly built Motera cricket stadium.

The logo of French carmaker Renault is seen during the company's 2019 annual results presentation at their headquarters in Boulogne-Billancourt, near Paris, France, February 14, 2020.  REUTERS/Gonzalo Fuentes (REUTERS)
The logo of French carmaker Renault is seen during the company's 2019 annual results presentation at their headquarters in Boulogne-Billancourt, near Paris, France, February 14, 2020. REUTERS/Gonzalo Fuentes (REUTERS)

Renault and Nissan to maintain their alliance in India: Fabrice Cambolive

  • Renault to work towards an affordable electric vehicle by 2022 in India
  • In 2020, Both Renault and Nissan are expected to launch a compact SUV based on a common platform

There will be no cap on the number of people who can qualify under the scheme. (Photo: Mint)
There will be no cap on the number of people who can qualify under the scheme. (Photo: Mint)

Britain's new visa system: How many points do you need?

The British govt has outlined a new visa system to manage the flow of workers into the country. Here are details of the points-based system which will be applied from 1 January 2021

Telecom operators have been submitting two separate audited details of deduction towards interconnection usage charges and roaming fee to the DoT (Indranil Bhoumik/Mint)
Telecom operators have been submitting two separate audited details of deduction towards interconnection usage charges and roaming fee to the DoT (Indranil Bhoumik/Mint)

DoT still working on final calculation of pending AGR dues

  • Telecom operators have been submitting two separate audited details of deduction towards interconnection usage charges and roaming fee to the DoT
  • The apex court on 14 February came down heavily on the telecom department for not taking steps to recover statutory dues

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Prime Minister Narendra Modi having the traditional Litti Chokha during his visit to the Hunar Haat at India Gate in New Delhi. (ANI )
Prime Minister Narendra Modi having the traditional Litti Chokha during his visit to the Hunar Haat at India Gate in New Delhi. (ANI )

PM Modi makes surprise visit to 'Hunar Haat' at Rajpath; relishes 'litti-chokha'

  • The prime minister, along with Mukhtar Abbas Naqvi, took a round of the 'Hunar Haat' and stopped at several stalls to interact with master craftsmen and artisans
  • The 'Hunar Haat' is based on the theme of 'Kaushal Ko Kaam' and will be held till 23 February

Along with FDs, debentures issued by public and private sector companies are also preferred by retail investors for debt investment.  (Photo: iStock)
Along with FDs, debentures issued by public and private sector companies are also preferred by retail investors for debt investment. (Photo: iStock)

Mutual funds that can replace your traditional investments

  • Different mutual fund categories can serve various short- and long-term needs
  • Before switching from traditional instruments to certain mutual fund categories, consider their suitability

Photo: Mint
A desert locust is seen feeding on a plantation.  (REUTERS)
A desert locust is seen feeding on a plantation. (REUTERS)

India buys drones, specialist equipment to avert new locust attack

  • Locust swarms can fly up to 150 km (90 miles) a day with the wind, and adult insects can consume roughly their own weight in fresh food per day.
  • The last major surge was in 1993, when heavy rains created favourable breeding conditions for locusts along the India-Pakistan border

BR Shetty’s lenders have sold shares his firm pledged. (Wikimedia Commons)
BR Shetty’s lenders have sold shares his firm pledged. (Wikimedia Commons)

How BR Shetty went from billionaire to bust

  • Muddy Waters has hinted at potential overpayment for assets, inflated cash balances and understated debt
  • Bavaguthu Raghuram Shetty pledged 25% of his NMC stake against loans with First Abu Dhabi Bank and Falcon Private Bank

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Posters of Prime Minister Narendra Modi, US President Donald Trump, and US' First lady Melania Trump put up ahead of Trump's visit to India on 24 February, in Ahmedabad.
Posters of Prime Minister Narendra Modi, US President Donald Trump, and US' First lady Melania Trump put up ahead of Trump's visit to India on 24 February, in Ahmedabad.

'Unity in Diversity': The theme of Donald Trump-Narendra Modi roadshow

  • Trump's official visit will begin at 12.30 p.m. when he will land at the Ahmedabad airport
  • After inspecting the guard of honour by the three services at the airport, Trump will join Modi in the roadshow at 1 pm

lthough RBI provided banks the option to choose from a host of external rates, almost all banks chose the repo rate (Photo: iStock)
lthough RBI provided banks the option to choose from a host of external rates, almost all banks chose the repo rate (Photo: iStock)

Two RBI moves that work for borrowers

  • CRR waiver will benefit new borrowers as well as those on MCLR
  • Introduction of long-term repo operations will reduce rates for those having MCLR-linked loans

Ayodhya: Sadhus celebrate at Mani Ram Das Ki Chavani after its head Mahant Nritya Gopal Das was made made president of Shri Ram Janmabhoomi Teertha Kshetra Trust, in Ayodhya. (PTI)
Ayodhya: Sadhus celebrate at Mani Ram Das Ki Chavani after its head Mahant Nritya Gopal Das was made made president of Shri Ram Janmabhoomi Teertha Kshetra Trust, in Ayodhya. (PTI)

Ram Mandir construction to be completed in next 3 years, says Trust

  • The Trust also formed a new committee under the chairmanship of retired bureaucrat Nripendra Mishra to supervise the construction-related work of the temple
  • A senior member of the Trust said that a company will be formed and more formalities will be completed by the committee chaired by Mishra

The logo of Amazon. (REUTERS)
Former prime minister Manmohan Singh at Montek Singh Ahluwalia’s book launch on Wednesday.  (Photo: Pradeep Gaur/Mint)
Former prime minister Manmohan Singh at Montek Singh Ahluwalia’s book launch on Wednesday. (Photo: Pradeep Gaur/Mint)

Govt doesn’t recognize there is a slowdown, says Manmohan Singh

  • If we don’t recognize the problem, we will not likely find credible answers to take corrective action, said Singh
  • The former prime minister said Ahluwalia has pointed out in his book that the $5 trillion economy by 2024-25 is wishful thinking

Shri Ramayana Express will commence its journey from Delhi on 28 March.
Shri Ramayana Express will commence its journey from Delhi on 28 March.

Shri Ramayana Express to run from 28 March : IRCTC

  • The special train-- Shri Ramayana Express -- will have ten coaches which include five sleeper class non-AC coaches and five AC 3 tier coaches
  • In a 16 nights -17 days tour, passengers will be visiting the tourists places associated with Lord Ram also known as the 'Ramayana Circuit of India

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