Of this,  ₹1,259 crore has already been classified as non-performing as on 30 September and  ₹2,018 crore is the amount of incremental bad loans, Yes Bank said (Photo: Mint)
Of this, 1,259 crore has already been classified as non-performing as on 30 September and 2,018 crore is the amount of incremental bad loans, Yes Bank said (Photo: Mint)

RBI finds Yes Bank under-reported bad loans by 3,277 crore in FY19

  • The lender said it has made material policy and personnel changes to ensure regulatory compliance
  • Yes Bank said divergence in provisions was 978 crore as on 31 March, 2019

The 500cc Bullet could be one of the bikes to be discontinued (Photo: Bloomberg)
The 500cc Bullet could be one of the bikes to be discontinued (Photo: Bloomberg)

Royal Enfield may bid adieu to 500cc bikes from early next year

  • The company will instead upgrade its range of 350cc motorcycles, which continue to garner robust demand
  • Implementation of the new Bharat Stage VI norms will make production of these motorcycles unviable for the domestic market due to the high cost of upgrading their engines and low volumes

After years of cut-throat competition, Vodafone Idea, Airtel and Jio have all agreed to raise tariffs (Photo: Bloomberg)

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Lenders were earlier working on a resolution plan for troubled home financier DHFL (Photo: Aniruddha Chowdhury/Mint)
FILE PHOTO: Boeing employees work on the tail of a Boeing 737 NG at the Boeing plant in Renton, Washington.  (REUTERS)
FILE PHOTO: Boeing employees work on the tail of a Boeing 737 NG at the Boeing plant in Renton, Washington. (REUTERS)

Boeing urged by NTSB to redesign 737 NG over 2018 engine blowout

  • More than 7,000 planes could be affected by the recommendation that the inlet to the engines be redesigned
  • A fan blade on an engine made by CFM International Inc. broke off, triggering the damage, the NTSB concluded

Reliance Jio called upon the government and the telecom regulator to mandate a ‘2G-mukt’ policy (Photo: Bloomberg)
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The federal policy think-tank is said to believe that the policy may result in an economic loss for the vehicle owner (Photo: Mint)
The federal policy think-tank is said to believe that the policy may result in an economic loss for the vehicle owner (Photo: Mint)

Scrappage policy hits another roadblock after NITI Aayog flags issues

  • NITI Aayog was said to be unhappy with the discounts that the road ministry had planned to offer
  • Govt hopes the policy laced with incentives would drive vehicle sales and help the auto industry that has been experiencing sluggish demand for about a year

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Vineet Nayar, former CEO of HCL Technologies and Chairman, Sampark Foundation, talks about how IT companies need to invest in new technologies
Vineet Nayar, former CEO of HCL Technologies and Chairman, Sampark Foundation, talks about how IT companies need to invest in new technologies

Investing and not harvesting is the way to beat legacy slowdown

In the latest episode of Mint Dispatch, Vineet Nayar, former CEO of HCL Technologies and Chairman, Sampark Foundation talks about how IT companies need to invest in new technologies - as that is the right way to beat legacy slowdown. In a wide ranging discussion, he also opens up on the critical role of philanthropy in India to achieve India' target of a $5 trillion economy and there should be more startups build to last than to sell.

While the government gets its fair share of blame for the disruptions that contributed to the slowdown, it would be wrong to let off economists and experts lightly. (Ramesh Pathania/Mint)
While the government gets its fair share of blame for the disruptions that contributed to the slowdown, it would be wrong to let off economists and experts lightly. (Ramesh Pathania/Mint)

Opinion | Economists must share some blame for the current slowdown

The reforms they now criticize were hailed by them as the next best thing after sliced bread

External Affairs Minister S. Jaishankar. (ANI )
External Affairs Minister S. Jaishankar. (ANI )

Jaishankar visits Lanka to establish early ties with Gotabaya administration

  • Jaishankar will be the first foriegn visitor to visit Colombo after the new administration under Gotabaya Rajapaksa assumed office
  • The visit assumes significance given that Gotabaya is seen as pro-China and India would be keeping a close watch to see whether the new administration in Colombo walks a balance between New Delhi and Beijing

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Congress president Sonia Gandhi. (PTI)
Take loans of shorter tenors and repay them on time (Photo: iStock)
Plain Facts
Photo: PTI

How livable is your city?

1 min read . 19 Nov 2019
Retired Chief Justice of India Ranjan Gogoi (right) interacts with his successor Sharad Arvind Bobde. Since the inception of SC, the average CJI’s tenure has been 18 months; but in recent years, this figure has fallen. (Photo: ANI)

What the numbers say about CJIs

3 min read . 19 Nov 2019
Higher income, nutritional aid and lower prices would help developing nations eat better, say researchers (Photo: iStock)

Only rich can afford healthy diet

3 min read . 18 Nov 2019
US President Donald Trump. (Photo: Reuters)
US President Donald Trump. (Photo: Reuters)

Without a China trade deal, the US will hike tariffs, says Donald Trump

  • Trump said that he would raise tariffs on imports of Chinese goods if no trade deal is reached with Beijing to end a tit-for-tat trade war
  • Trump's latest tough comment came as markets are watching intensely for signs of progress in the 2 economic superpowers' attempt to reach a so-called 'phase one' partial deal

A birds eye view of the national capital covered in a dense layer of smog, in New Delhi (PTI)
Sales of two-wheelers and commercial vehicles during the period declined by 12.76% and 23.31%, respectively. (Mint)
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Long Reads
Weighted average home prices in the city’s prime locations such as Greater Kailash, Vasant Vihar, Anand Niketan, Defence Colony and Green Park rose 4.4% to  ₹33,511 per sq. ft in the September quarter, compared to a year ago. (HT)
Weighted average home prices in the city’s prime locations such as Greater Kailash, Vasant Vihar, Anand Niketan, Defence Colony and Green Park rose 4.4% to 33,511 per sq. ft in the September quarter, compared to a year ago. (HT)

Delhi in fastest growing residential markets list

  • Delhi and Mumbai have moved up to ninth and tenth spots, respectively
  • Bengaluru has slipped five places from the 15th rank in Q2 to 20th rank in Q3 2019

Photo: Bloomberg
A view of the the stock prices displayed on a digital screen outside BSE building, in Mumbai.  (PTI)
Late on Tuesday, Reliance Jio also said it will raise tariffs. (iStockphoto)
Late on Tuesday, Reliance Jio also said it will raise tariffs. (iStockphoto)

Opinion | All hope is not lost yet for the telecom sector

Tariff hikes may not be enough for older telecom operators to overcome their financial woes. But, with 5G on its way, sensible policies could work in favour of the whole market

The Sensex ended 185.51 points or 0.46% higher to close at 40,469.70, while the Nifty rose 0.47% to close at 11,940.10 (Photo: Mint)
The Sensex ended 185.51 points or 0.46% higher to close at 40,469.70, while the Nifty rose 0.47% to close at 11,940.10 (Photo: Mint)

Sensex, Nifty gain as RIL market cap crosses 9.5 trillion

  • Bharti Airtel and Vodafone Idea were the other prominent gainers on Tuesday as the telecom operators said they will raise call charges starting 1 December
  • Among laggards were Hero MotoCorp, Tata Motors, TCS, Tata Steel, Mahindra & Mahindra, and Yes Bank with the shares falling 1-2.5%

Photo: iStock
Photo: iStock

Opinion | What the iPod can teach us about the global trade game

Its value chain is a microcosm of the broader production networks that girdle the world via a web of sourcing agreements

Finance minister Nirmala Sitharaman. (PTI )
Photo: PTI
Photo: PTI
Photo: Mint
Disposable N95 masks can cost between  ₹150 and  ₹300 whereas the reusable masks cost between  ₹500 and  ₹3,000 (Photo: Mint)
(Photo: Reuters)
Karnataka Chief Minister B.S. Yediyurappa (Photo: HT)
Photo: Bloomberg
(Photo: Pradeep Gaur/Mint)
There are three ways in which a bank can charge interest— monthly reducing, annual reducing and daily reducing balance (Photo: iStock)
There are three ways in which a bank can charge interest— monthly reducing, annual reducing and daily reducing balance (Photo: iStock)

Know how banks calculate your home loan EMI

  • Your EMI depends on three factors — the loan amount, the rate of interest and the loan tenure
  • Banks use the daily reducing balance method for home loans, while some housing finance companies use the monthly method

A security jawan stands guard in a deserted street on the 103rd day of strike after the abrogration of Article 370 and birfurcation of state, (Photo: PTI)
A security jawan stands guard in a deserted street on the 103rd day of strike after the abrogration of Article 370 and birfurcation of state, (Photo: PTI)

Separatists behind stone pelting in J&K, govt tells Lok Sabha

  • 765 were arrested in incidents of stone pelting since abrogation of Article 370 on 5 August, says the govt
  • Home ministry says its investigations revealed the hand of Hurriyat-linked groups in incidents of stone pelting, and the NIA has cracked down on such groups

The proposal was intended to help plants comply with new sulphur dioxide emissions standards originally set by the environment ministry in 2015 (Photo: PTI)
The proposal was intended to help plants comply with new sulphur dioxide emissions standards originally set by the environment ministry in 2015 (Photo: PTI)

Finance Commission may reject 83,000-cr package to curb pollution: Report

  • Power ministry wants to award utilities the package in incentives to install equipment to curb emissions, says a senior ministry official
  • Emissions from power plants are one of the biggest causes of the chronic smog now seen in New Delhi and some other Indian cities

Retired Chief Justice of India Ranjan Gogoi (right) interacts with his successor Sharad Arvind Bobde. Since the inception of SC, the average CJI’s tenure has been 18 months; but in recent years, this figure has fallen. (Photo: ANI)
Retired Chief Justice of India Ranjan Gogoi (right) interacts with his successor Sharad Arvind Bobde. Since the inception of SC, the average CJI’s tenure has been 18 months; but in recent years, this figure has fallen. (Photo: ANI)

What the numbers say about CJIs

As their average tenure decreases, the chief justices, who are mandated to retire at 65, are rushing to deliver verdicts that could define their legacy

As farmers lost interest, the area under the flagship crop insurance scheme fell 17% in the two years to kharif 2018. (Photo: Hindustan Times)
As farmers lost interest, the area under the flagship crop insurance scheme fell 17% in the two years to kharif 2018. (Photo: Hindustan Times)

Crop insurance flaws fuel farm distress

  • At a time when rural incomes are sliding, the only existing safety net for the farmer is failing
  • High costs of reinsurance due to erratic weather, a spike in claims, political interference in crop loss estimation are reasons that forced some insurers to leave the business

An inside view of a coach of the Lucknow-Delhi Tejas Express.  (PTI)
An inside view of a coach of the Lucknow-Delhi Tejas Express. (PTI)

IRCTC's Tejas Express: How to quickly get compensation for train delay

  • The IRCTC has approved two ways by which a passenger travelling in Tejas Express can initiate the claim process in case there is a delay
  • IRCTC will pay a compensation of Rs. 100 in case the train during its run, is delayed by more than one hour and Rs. 250 in case of delay of more than two hours

In India, there is little space to wring the already tax-paying rich more on taxes (Photo: PTI)
In India, there is little space to wring the already tax-paying rich more on taxes (Photo: PTI)

Opinion | The solution to JNU fee hike issue: Let’s get rich to pay for the poor

  • The 1st solution is to get the well-off in JNU, to pay market rate not only for themselves but also for one friend they choose
  • A 2nd way is to begin new courses at full market prices that students are willing to pay for and use that revenue to subsidize the others

The epicentre of the quake was in Nepal and it occurred at a depth of 33 kilometres, the NCS said. (AP )
Kamal Haasan and Rajinikanth (File photo: IANS)
As on September-end this year, SBI owned 57.6% stake in the insurance company, while BNP Paribas held 5.20%. (Reuters)
As on September-end this year, SBI owned 57.6% stake in the insurance company, while BNP Paribas held 5.20%. (Reuters)

Carlyle Group sells 3% stake in SBI Life for 2,800 crore

  • SBI Life is a joint venture between the State Bank of India and leading global insurance company BNP Paribas Cardif
  • As on September-end this year, SBI owned 57.6% stake in the insurance company, while BNP Paribas held 5.20%

Gautam Duggad of Motilal Oswal does not foresee a sharp recovery in demand