No joy of flying! Jet Airways passengers wait for refunds

• Sudden grounding of Jet Airways has hit budget travellers the most because there is no clarity on when the refund would be processed
• Though Jet Airways has said it would refund the full amount, there is no clarity on how long that could take

Aware of sanctions, bought Venezuelan oil with full approval of US: Reliance

• Reliance has bought Venezuelan crude oil from Rosneft long before the imposition of the US sanctions
• Reliance has made all the purchases with the full knowledge and approval of the US, says company

Supreme Court hears sexual harassment complaint against CJI Ranjan Gogoi

• The employee is a ex-court officer. She has submitted an affidavit in SC alleging that she has been sexual assaulted by the CJI
• CJI Ranjan Gogoi today stated that the allegations seem so demeaning after serving selflessly for 20 years

SpiceJet, Air India step in to clean up after Jet Airways

• Spicejet is offering jobs to Jet Airways employees and inducting new plans to help keep flight ticket prices in check
• Air India, on its part, has volunteered to temporarily use a few of Jet Airways' planes on key international routes

March saw income tax department go on an overdrive

• The income tax department is said to have adopted at least six different 'out of the ordinary' methods to recover tax dues
• The income tax department this year also used a rare provision to collect dues directly from a company's bank accounts

An election in exile: Making the Tibetan vote count

• On 7 February 2014, that the Election Commission of India (ECI) issued a directive to enrol Tibetans born in India after 26 January 1950 and before 1 July 1987 in the national electoral rolls
• As the Tibetan diaspora in India struggles to assert its identity, its voice, though faint, is a reminder of a minority that has remained largely invisible

Tesla cuts down board members and their terms for effective corporate governance

• Tesla reduces the size of its 11-member board to seven
• Tesla board of director terms will be cut to two years from three

TikTok downloads on APKMirror surge 12 times since India ban

• According to Google Trends, interest in the search term 'TikTok download' has increased in India considerably since the ban
• ByteDance plans to invest $1 billion in India over next three years, says it remains 'very optimistic' despite the TikTok ban

Paytm Payments Bank appoints Sairee Chahal to board of directors

• Sairee Chahal is the founder and CEO of Sheroes — a community platform for women
• 'We are delighted to have Ms Sairee Chahal on our board,' says PPB CEO Satish Gupta

Hospitality firms eye unbranded hotel space to expand footprint

• Hotel firms are adopting a less capital intensive approach while focusing on quicker addition of supply
• The biggest supply in the mid to economy hotel space is coming from rebranding of unbranded hotel properties

How Mukesh Ambani’s bet on the Indian middle class is paying off

• Mukesh Ambani has ambitions to take on Amazon and Walmart in India
• Ambani has set big expectations for Reliance’s consumer divisions

Mutual fund investments: Sector funds not always a safe bet

• A sector fund is a mutual fund scheme that invests most of its corpus in equities of one particular sector
• The performance of sector funds is cyclical in nature and dependent on the individual sector’s performance

Several injured as Howrah-New Delhi Poorva Express derails near Kanpur

• Twelve coaches of the Howrah-New Delhi Poorva Express derailed, injuring at least 15 people
• Railways has diverted and cancelled a number of trains after the incident

Relief for investors as mutual funds chose SpiceJet, IndiGo over Jet Airways

• Five actively managed mutual funds held shares in Jet Airways as of March 2019, as compared to 89 in IndiGo and 24 in SpiceJet
• SpiceJet shares have gained 74.57% over the last month and IndiGo 17.69% in the same period, even as Jet Airways shares fell 30.37%

Infrastructure, real estate seen driving PE/VC deals in India in 2019

• Real estate and infrastructure attracted $6.3 billion in investments in 2018, led by PE/VC investors such as KKR, Brookfield and CPPIB
• Annual PE/VC investments in India are expected to exceed $65 billion by 2025, assuming y-o-y GDP growth of 7% till 2025

SBI, Bank of Baroda, ICICI, HDFC Bank savings accounts compared

• You can earn an interest in the range of 3.5-6% on your savings accounts, depending on the amount and the bank
• Kotak Mahindra Bank has lowered rate of interest on savings account deposits of up to ₹1 lakh to 4.5%

Your guide to filing income tax returns this year

• For FY 2019-20, directors of unlisted shares or investors in unlisted equity will no longer be able to file their returns
• Those with an income below ₹5 lakh are no longer exempt from filing their returns online

The story of innovation at your fingertips

• The exhibits in ‘Once Upon A Try’ don’t confine themselves to pure science, looking at innovation across disciplines
• It is hailed as the largest online exhibition by Google Arts & Culture, with over 400 interactive exhibitions and 200,000 artefacts from 127 collections

Allahabad HC seeks EC reply on a PIL against release of biopic on Narendra Modi

• PM Modi biopic, starring Vivek Oberoi, is directed by Omung Kumar
• Allahabad HC has asked the poll panel to file the reply by the next date of hearing on April 26

Bhopal gas tragedy among world's major industrial accidents of 20th century: UN

• At least 30 tons of methyl isocyanate gas, which was released from the Union Carbide plant, affected more than 600,000 workers
• Among the other nine major industrial disasters after 1919 listed in the report are the Chernobyl and Fukushima nuclear disasters

We have to look for heroes in sports, make them icons: PKL's Anupam Goswami

• In conversation with Anupam Goswami, league commissioner of Pro Kabaddi League and chief executive, Mashal Sports
• Goswami spoke on the evolution of PKL, the reasons behind the decline in viewership, and the future of the league

Jet staff forced to sell sports bike, take train

• An airline insider said that the employees in the lower salary brackets were worse affected due to nil savings
• Jet Airways had on Wednesday night suspended its operations indefinitely

Indian extradited to US from Singapore for role in alleged call center fraud

• Hitesh Madhubhai Patel, 42, ran HGlobal call center which allegedly targeted South Asians living in US for money
• At least 15,000 people have been cheated of over $75 million in scams in last six years

Honda slows Accord, Civic production as buyers shift to SUVs in the US

• Honda said it will temporarily idle a second-shift production line in August at its Marysville, Ohio, assembly plant, in part to prepare the factory to produce future electric vehicles
• The reduction also will affect production at engine and transmission plants in Ohio

Royal Enfield enters South Korea market, opens first store in Seoul

• Royal Enfield has appointed Vintage Motors (Kiheung International) as its official distributor-partner in South Korea
• For now, only four Royal Enfield motorcycles—Bullet 500, Classic 500, Classic Chrome and Himalayan—will be sold in South Korea

Netflix is testing 'Random Episode' play button

• Netflix's random button lets the app play content for those who are unsure about what to watch
• The button is tucked in the playback controls where a shuffle icon has the said label on it

Walmart, Amazon kick off government online pilot program

• The pilot program will allow low-income shoppers on government food assistance in New York to shop and pay for their groceries online for the first time
• ShopRite and Amazon are providing the service to the New York City area, and Walmart is providing the service online in upstate New York locations

Bank unions write to PM Modi, want govt to take over Jet Airways

• In a letter to Modi, the All-India Bank Employees Association also said government must ensure that banks are not forced to lend to the crippled airline
• Jet Airways Wednesday announced grounding of operations after its lenders declined an interim funding of ₹400-crore

Reliance records another bumper quarter with ₹10,362 crore net profit

• RIL reports 9.79% increase in Q4 profit, beating analysts’ estimates, boosted by Reliance Jio and Reliance Retail
• RIL's revenue rose 19.4% to ₹1.54 trillion for the quarter ended 31 March from ₹1.29 trillion in the year earlier

TikTok's parent ByteDance plans $1 bn investment in India in next 3 years

• TikTok would also be increasing the number of employees in India to 1,000 people by the end of this year
• ByteDance Director (International Public Policy) Helena Lersch said the company has been strengthening its content moderation policies over the last many months

Vijay Mallya accuses SBI of wasting Indian taxpayers’ money on UK legal fees

• In Mallya's characteristic style, the media was once again at the receiving end of the former Kingfisher Airlines boss’ social media comments
• Mallya issued a string of statements on Twitter to allege that the SBI led consortium of PSU banks were wrongly going after him in the UK courts

Kerala’s vacant houses are high on nostalgia, not on returns

• Many non-resident Keralites don’t realise that buying a house too early in life may not be a wise idea
• Keralites prefer independently constructed houses, thanks to lower land prices in smaller towns of the state

Amazon to sharpen focus on India after running into China wall

• Amazon is shuttering its China business after struggling to compete with local rivals such as Alibaba and JD.com
• Jeff Bezos' firm stands a better chance in India as e-commerce here is dominated by Amazon and Walmart-Flipkart

RBI MPC minutes show naysayers are worried about food and oil prices

• The combination of rising food and crude oil prices could result in inflationary expectations rising again, RBI MPC members believe
• There was a consensus on growth among members and future rate cuts are likely to depend on how they perceive growth slowdown

If Modi returns to power he will become a dictator: Siddaramaiah

• Siddaramaiah was raising the stakes against the Congress’ main opponent in the ongoing Lok Sabha elections
• The Congress, under Rahul Gandhi, has been trying to highlight the dangers of giving another term to Modi

Wipro’s ‘ongoing critical business’ not impacted by cyber attack

• “The company also informed the handful of customers where the affected employees are engaged,” Wipro said
• Cyber security blog KrebsOnSecurity had said Wipro's systems had been breached and were being used to launch attacks against some of its clients

Pine Labs acquires gift solution firm Qwikcilver for $110 mn

• Qwikcilver is a gift card service provider, managing an annualised gross transaction value of $1.5 billion across India, Middle East and SE Asia
• With this acquisition, Qwikcilver and Pine Labs have a combined gift solutions business comprising 250 brands and retailers and 1,500 enterprise customers

Indo-Pak LoC trade route conduit for militancy, terror funding

• The step aims to stop Pakistan-based groups from using cross-LoC routes to move hawala money, arms
• The report accessed by Mint also revealed that a significant number of trading concerns are engaged in cross LoC trade

Deutsche Bank appoints Kaushik Shaparia as new India head

• Kaushik Shaparia was helming Asia-Pacific corporate banking and global subsidiary coverage of Deutsche Bank
• Ravneet Singh Gill ran DB’s India unit for more than six years before he stepped down

Two Indian women lawyers named in TIME 100 most influential people

• Menaka Guruswamy, Arundhati Katju spearheaded the legal challenge to strike down Section 377 of IPC
• The list also includes Reliance Industries Chairman Mukesh Ambani

Apple expects cooperation with China on clean energy

• In the "Environmental Responsibility Report", Apple has set an ambitious goal to "make products without taking from the Earth"
• Apple said 44 of its suppliers have committed to 100% renewable energy for their production of Apple products