Mistry family may sell Tata Sons stake, says mutual co-existence not feasible

• The SP group’s announcement came after Tata group on Tuesday offered to buy Mistry family’s stake in Tata Sons Limited
• Tata Sons shares have been held for decades by the Mistry group

India, China agree not to send more troops to the frontline

This is the first time that India and China have issued a joint statement after military level talks to ease tensions between the two countries that had spiked in May

The  missing  middle aggravates India’s jobs conundrum

Any country sees genuine progress when it creates jobs. This happens as small and mid-sized firms grow, and create jobs alongside. India, over the years, has faced the problem of the missing middle. There aren’t enough mid-sized firms operating in the country. Mint explores.

'Time to separate': Shapoorji Pallonji Group agrees to exit Tata Sons

• Mistry family said it believes that a separation of interests would best serve all stakeholder groups
• SC on Tuesday restrained SP Group and Cyrus Mistry till 28 Oct from pledging or transferring their shares in Tata Sons

HDFC loan restructuring: Eligibility, processing fee and how to apply

• The restructuring application form shall have the option to apply for one or all the loans by a single application on the bank’s website
• From processing fees to documents you need to apply for loan restructuring scheme, here's all you need to know

SBI loan moratorium for up to 2 years: How to apply for loan restructuring

• Those who have affected by coronavirus pandemic will be eligible for the loan-restructuring scheme
• From interest to processing fee to documents required for SBI loan-restructuring scheme, all you need to know

Serum Institute starts manufacturing Codagenix's nasal COVID-19 vaccine

• The pre-clinical study of Codagenix's COVID-19 vaccine has showed promising results, the vaccine maker claimed
• Codagenix's COVID-19 vaccine is delivered intranasally rather than via an injection, Robert Coleman, Ph.D., CEO of Codagenix said

PMC Bank depositors may not get all the money, but need to pay TDS

• PMC Bank depositors will need to pay tax on the interest income on their deposits

Sebi rule on multi-caps brings investors to the drawing board

First assess why you chose to invest in multi-cap equity funds and reallocate your portfolio accordingly

Reliance Jio announces new 'Postpaid Plus' plans, starting ₹399

• JioPostpaid Plus will be available starting 24 September in Jio Stores and through home delivery
• All packs provide unlimited voice and video calls as well subscription to Netflix, Amazon Prime, Disney+ Hotstar at no extra cost

Why Sebi’s 9/11 strike on mutual funds has misfired

• The regulator’s circular on multi-cap mutual funds hasn’t been well thought out. It needs to be quickly withdrawn
• From Sebi’s perspective, better disclosures and investor education are areas it should focus on, rather than take upon itself the matter of asset allocation of a multi-cap fund

'Tata Sons tried to suppress, harm Shapoorji Pallonji group': Full statement

• Today, it is with a heavy heart that the Mistry family believes that a separation of interests would best serve all stakeholder groups, the SP Group wrote
• Current situation forced Mistry family to sit back and reflect on the past, present and possible future for all stakeholders, the SP Group said

Value investing strategy can work for those with a long-term horizon

Value investing has under-performed growth investing since the global financial crisis of 2008

Mint Lite | Nobel Prize, TikTok, air travel, Gen Z priorities, jumbos & others

Stories, views, opinions and talking points that matter, from around the world

Slew of reforms in offing for debt schemes: Tyagi

• Industry must ensure that the schemes launched are true to label, says Sebi chairman
• Steps include a so-called backstop facility, minimum investment in liquid assets, says Tyagi

India says no to free flow of digital data at G20 meeting

• Goyal says India is of the view that the concept of DFFT is neither well-understood nor is comprehensive enough in the legislation of many countries
• He adds India, like many other developing countries, is still in the phase of preparing a framework for its data protection and e-commerce laws

Berger’s  outlook  is  brighter  on hopes of better urban repainting demand

Increased focus on hygiene in the post-covid world is likely to drive more frequent repainting than seen in the past

Take action against those not complying with regulations: HC to TRAI

The court has given 8 weeks to TRAI to take some action on the show-cause notices issued by it to show progress made in ensuring compliance with the said regulations

Facebook India VP moves Supreme Court against Delhi Assembly panel summoning him

• The assembly panel on peace and harmony is looking into complaints on the 'role or complicity of Facebook officials in the Delhi riots'
• In a letter to the committee, Facebook said Parliament is already looking into the issue and requested the Delhi panel to withdraw its summons

September brings a reality check for stocks

• Latest selloff has improved the balance between market performance and earnings expectations

Covaxin: Behind the scenes of the Covid-19 vaccine trials

• A desire to help, nationalism and a sense of wanting to be part of history are among the reasons driving volunteers to participate in vaccine trials
• About 80% of volunteers in the Phase I and II trials are men, says Dr. J.S. Kumar, professor of general medicine at SRM Institute, who’s part of the 15-doctor team for covaxin trials

Murugappa board a men’s club, alleges Valli Arunachalam

• At the AGM, 91% shareholders vote against inducting a woman in Murugappa Group board
• Valli, her sister Vellachi Murugappan and their mother M.V. Valli Murugappan, collectively hold 8.15% stake in Ambadi Investments, the group’s holding company

Oyo wasn't prepared for zero occupancy rate crisis: Ritesh Agarwal

• The startup had laid off around 5,000 employees just before the lockdown and later furloughed employee's salaries to keep expenditures on the check and save cash in an uncertain environment

India may approve covid-19 vaccines that show 50% efficacy in clinical trials

• The Indian regulator has also clarified that people who have been infected with the novel coronavirus, SARS-CoV-2, earlier should be allowed to participate in trials as long as they did not have acute Covid-19 or other acute infectious illnesses

Your mutual fund might be holding too much cash

Equity funds usually have low cash levels as these schemes are vehicles meant for long-term investments

Labour reform gets a leg up, Lok Sabha passes three labour codes

• The three codes will allow states to roll on labour reforms and empower them to exempt any company or companies from complying with one or more labour laws
• Opposition parties including Congress had walked out of the lower House and did not participate in the discussion

India trials for Russia's Covid vaccine may begin in next few weeks: Dr Reddy's

• The trials will enrol 1,000-2,000 participants and be conducted at multiple government and private hospitals across the country, says Dr Reddy's executive
• Sputnik-V doses supplied in India will likely be a combination of Indian- and Russian-made doses, he adds

UGC releases academic calendar 2020-21 for first year students: Check new dates

Minister Pokhriyal added that a full refund for the admission cancellation will be made to students till November.

Covid update: India may approve vaccine with 50% efficacy, Sputnik V trials soon

• India is hosting clinical trials for all the major vaccine contenders
• Serum Institute of India has started manufacturing Covid-19 vaccine candidate developed by Codagenix Inc, the US biotech said in a statement

Jio Phone: Mukesh Ambani's latest weapon to dominate Indian telecom market

• The inexpensive phones, priced at ₹4,000 an unit, will be marketed with low-cost wireless plans from Reliance Jio, say people familiar with the development
• Reliance’s target of selling 150 million to 200 million phones over two years would represent a massive boost for local factories

Will covid vaccines work? Pfizer may release early data in 'Olympic record' time

The Covid-19 vaccine trial designed by Pfizer Inc. and its German partner BioNTech SE may allow them to find whether their shot works before their fastest-moving rivals

Swiggy delivery partners on strike in Hyderabad, firm rejects service disruption

The Swiggy partners, under the banner of Indian Federation of App-Based Transport Workers, alleged that in recent months the management has made frequent and numerous reductions in earnings structure of delivery executives

Angel Broking IPO subscribed 76% on Day 1: Key things to know before you invest

• Angel Broking IPO comprises fresh issuance of shares worth ₹300 crore and offer for sale of ₹300 crore by promoters and other shareholders

Gold prices today fall again after slumping ₹1,200 previous day, silver drops

• Gold prices in India had slumped over ₹1,200 in the previous session
• Silver rates had crashed over ₹6,000

Reliance Jio launches new 'Postpaid Plus' plan: How to switch from prepaid

• The monthly tariff charges are as follows: ₹399, ₹599, ₹799, ₹999 and ₹1,499
• Jio has also introduced offers for postpaid users across other telcos to carry over their credit limit to this network if they wish to port to Jio connections with free home delivery of new SIM cards

HDFC Life joins hands with Yes Bank to sell insurance policies

• HDFC Life’s diverse range of life insurance products will be offered to the customers of Yes Bank
• We aim to offer a comprehensive suite of product solutions and best in class servicing, leveraging our investments in technology, said Suresh Badami, executive director, HDFC Life