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

Etihad Airways CEO Tony Douglas has also asked SBI to consider buying Etihad’s 50.1% stake in Jet Privilege, the frequent flyer programme of Jet Airways. (Bloomberg)
Etihad Airways CEO Tony Douglas has also asked SBI to consider buying Etihad’s 50.1% stake in Jet Privilege, the frequent flyer programme of Jet Airways. (Bloomberg)

Etihad offers to sell its entire stake in Jet Airways to SBI

  • Etihad Airways CEO Tony Douglas met SBI chairman Rajnish Kumar in Mumbai on 18 March to discuss Jet Airways bailout plan
  • He asked SBI to buy Etihad’s 24% stake at 150 per share, or about 400 crore for the full stake

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

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Year to date, DIIs have sold Indian equities worth  ₹8,666.92 crore. Data shows DIIs were net buyers only in January ( ₹2,146.87 crore) while they sold  ₹565.89 crore in February.  (Paras Jain/Mint)
Year to date, DIIs have sold Indian equities worth 8,666.92 crore. Data shows DIIs were net buyers only in January ( 2,146.87 crore) while they sold 565.89 crore in February. (Paras Jain/Mint)

DII inflows slip to a three-year low in March amid FII pickup

  • Indian mutual funds and insurance firms that had so far offset FII outflows turned net sellers of 10,247.9 crore in March
  • The selling, the worst in 36 months, may be an attempt by DIIs to raise cash, expecting volatility ahead of Elections 2019

Larsen and Toubro's CEO S.N. Subrahmanyan and CFO R. Shankar Raman. (Aniruddha Chowdhury/Mint)
Elections 2019
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Mindtree founders want the glory and value of public markets, but, at the same time, don’t want to cede control. Here's where dual-class shares can come into play. (Mint)
Mindtree founders want the glory and value of public markets, but, at the same time, don’t want to cede control. Here's where dual-class shares can come into play. (Mint)

Opinion | L&T-Mindtree deal makes a case for dual-class shares in India

Dual-class shares can spell boon for companies, like in the case of Google and Facebook. A lack thereof can result in a Flipkart-type situation

Out of India’s millennial population of 450 million 300 million live in rural areas, making up 36% of the rural population. (Abhijit Bhatlekar/Mint)
Out of India’s millennial population of 450 million 300 million live in rural areas, making up 36% of the rural population. (Abhijit Bhatlekar/Mint)

Millennials in Rural India shaping consumption patterns in the hinterland

  • Millennials in Rural India could influence $220 billion worth of annual spending, with $177 of this being discretionary
  • Migration to urban areas and deeper internet penetration are fueling aspirations of rural millennials in India

Manu Jain, vice-president at Xiaomi Corp. and managing director of Xiaomi India. (Reuters)
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Markets Live: Sensex volatile, Nifty holds ground above 11,500

  • IT stocks among top gainers; auto, banking stocks drag
  • Jet Airways tumble 7%

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 (AP)
Bill Gates. (AP)
 (Reuters)
(Reuters)

Instagram moves into e-commerce with shopping button

  • Tapping the checkout button will allow shoppers to select options such as size or color and then pay for items without leaving the Instagram app
  • Information entered for an initial purchase will be stored for future use, according to Instagram

Sony has already rolled out its own streaming service PlayStation Now, which was released in 2014.  (Reuters)
Sony has already rolled out its own streaming service PlayStation Now, which was released in 2014.  (Reuters)

Nintendo, Sony shares fall after Google unveils a gaming service

  • Nintendo dropped as much as 4.6% and Sony declined 4.5%
  •  Stadia lets developers put games on a streaming platform that will allow players to access the action through the web

 (iStock)
(iStock)

Opinion | Who is afraid of a junk bond mutual fund product?

Sebi needs to find a way to mark credit risk in every debt fund for the retail investors

Out of all the lip products, lipsticks have the highest penetration in India as they are used by the masses. (Mint)
Out of all the lip products, lipsticks have the highest penetration in India as they are used by the masses. (Mint)

Small packs are now a thing of beauty in cosmetics industry

  • Maybelline New York, MAC Cosmetics and Nykaa have embraced the 'sachet concept' to disrupt the cosmetics market
  • Smaller beauty product packs bring down prices, increase sales by reaching out to a wider customer base

Goa governor Mridula Sinha (right) administers the oath of office to chief minister Pramod Sawant at Raj Bhavan in Panjim on Tuesday.pti
The Mindtree board is scheduled to meet today to consider a share buyback, a move that could push up the acquisition cost for L&T. (Mint)
The Mindtree board is scheduled to meet today to consider a share buyback, a move that could push up the acquisition cost for L&T. (Mint)

L&T declares its ‘love’ but Mindtree unmoved

  • Mindtree founders in Bengaluru claim support of large investors, implying stiff opposition to L&T's hostile takeover bid
  • Meanwhile in Mumbai, Larsen and Toubro has two immediate goals: raise its stake to 26% and get a representative on Mindtree’s board

Netflix CEO Reed Hastings says he’s optimistic about the upcoming Netflix India Original 'Delhi Crime'. (Reuters)
Netflix CEO Reed Hastings says he’s optimistic about the upcoming Netflix India Original 'Delhi Crime'. (Reuters)

Netflix bets on stories with local voice but global appeal

  • Netflix says India is one of the markets that has taken to content from across borders, in diverse languages and genres
  • That said, finding stories that resonate with audiences globally with an inherent authentic local voice is at the heart of Netflix’s strategy

FreeCharge co-founder Kunal Shah’s second venture, Cred, incentivizes credit card payments with reward points. (Mint)
FreeCharge co-founder Kunal Shah’s second venture, Cred, incentivizes credit card payments with reward points. (Mint)

Fintech startup Cred in talks to raise $100 million in fresh funding

  • Cred founder Kunal Shah is looking to raise the funds at a valuation of $300 million, unprecedented for the four month-old startup
  • There is immense in-bound interest to invest in Cred even though the company recently raised money and is only four months old

Embassy Office Parks REIT, backed by Blackstone and Bengaluru's Embassy Group, is India’s first real estate investment trust (REIT). (Mint)
Embassy Office Parks REIT, backed by Blackstone and Bengaluru's Embassy Group, is India’s first real estate investment trust (REIT). (Mint)

Blackstone-Embassy REIT IPO sees 47% subscription on Day 2

  • Institutional investors subscribe to 59% of the shares alloted for them in the Embassy REIT IPO, retail subscription stands 32%
  • The Blackstone-Embassy REIT IPO plans to raise 4,750 crore by issuing units in a price band of 299-300 apiece

Larger firms have longer, highly complex and legally sound privacy policies but, ironically, are more likely to breach data privacy laws. (iStock)
Larger firms have longer, highly complex and legally sound privacy policies but, ironically, are more likely to breach data privacy laws. (iStock)

How privacy policies vary by size of the company

  • Privacy policies vary considerably in terms of text—even within industries, an analysis involving 4,000 US companies shows
  • They are also highly unreadable—requiring at least a college degree to fully comprehend the average privacy policy

El Nino is associated with lower than normal monsoon rain in India
India’s commercial office market is on an upswing. (Abhijit Bhatlekar/Mint)
While the policy aims to be a guiding document for the government, it has several challenges. Photograph by Mint; Graphic by Paras Jain/Mint
While the policy aims to be a guiding document for the government, it has several challenges. Photograph by Mint; Graphic by Paras Jain/Mint

Lack of infra, access, quality key hurdles for national health policy

  • India’s ambitious policy that aims to deliver quality, affordable healthcare services has a tough journey ahead
  • The ambitious NHP looks at problems and solutions holistically with the private sector as a strategic partner

Huawei Technologies, targeted by the US over alleged security issues, is now the world’s largest filer of patents.ap
Huawei Technologies, targeted by the US over alleged security issues, is now the world’s largest filer of patents.ap

India posts highest growth in patent applications in 2018

  •  Innovators and research organizations from India filed 1,583 patent applications with the WIPO in 2018
  • Innovators from China filed 53,345 international patent applications last year compared with 48,905 in 2017

Gita Nayyar, angel investor and senior adviser at Fulcrum Venture.
Justice Pinaki Chandra Ghose  (HT )
While it is important to adhere to fiscal deficit targets, it is equally important to undertake robust expenditure planning to address socio-economic challenges, says RBI governor Shaktikanta Das. (PTI)
While it is important to adhere to fiscal deficit targets, it is equally important to undertake robust expenditure planning to address socio-economic challenges, says RBI governor Shaktikanta Das. (PTI)

RBI governor Shaktikanta Das bats for permanent status to Finance Commission

  • There has to be continuity & change between finance commissions, says RBI governor Shaktikanta Das
  • A commission can function lean until the next finance commission is set up in a full-fledged manner, says Das

If Ebix does acquire Yatra, it will be Ebix’s biggest acquisition till date in India.
 The project is located close to DLF CyberCity and construction will begin in 2019-2020. (Mint)
Vicky Bindra, CEO, Pine Labs
Ford lacks the space to knock down walls and expand the factory, so it’s digging pits along the assembly line for workers to attach components such as running boards from below, while other workers above install interior parts. (AP)
Ford lacks the space to knock down walls and expand the factory, so it’s digging pits along the assembly line for workers to attach components such as running boards from below, while other workers above install interior parts. (AP)

Ford boosts output of biggest SUVs for second time in two years

  • The hot-selling SUVs are critical to Ford’s future because they generate profit per vehicle that analysts say can exceed $20,000
  • The automaker is increasing Ford Expedition and Lincoln Navigator output by 20% — about 20,000 additional SUVs a year

Facebook confirmed it had briefly blocked White House social media director Dan Scavino. US President Donald Trump said he was looking into the issue on Tuesday (Reuters)
Facebook confirmed it had briefly blocked White House social media director Dan Scavino. US President Donald Trump said he was looking into the issue on Tuesday (Reuters)

Facebook confirms it briefly limited White House official account

  • Facebook said the move was aimed at stopping "automated bots" and had apologized
  • US President Donald Trump vowed to look into the issue

Xiaomi says Mi Pay provides safe and secure transactions with all data stored locally in India servers in an encrypted format.
Xiaomi says Mi Pay provides safe and secure transactions with all data stored locally in India servers in an encrypted format.

Xiaomi launches Mi Pay to take on Google Pay, Paytm

  • Mi Pay service aims to be an all-in-one payments solution for Xiaomi users
  • The payments service would also allow several utility payments ranging from phone bills, phone recharges, water or electricity bills

This comes in the backdrop of Moody’s Investors Service placing REC and PFC 'on review for downgrade' Photo: Ramesh Pathania/Mint
 A Bharti Airtel office building is pictured in Gurugram.  (Reuters)
With the current fleet, Jet Airways is likely to operate only about 985 flights a week or 140 flights a day—down from an average of about 650 flights a day in March 2018. (Reuters)
With the current fleet, Jet Airways is likely to operate only about 985 flights a week or 140 flights a day—down from an average of about 650 flights a day in March 2018. (Reuters)

Jet Airways crisis worsens as govt steps in, pilots threaten strike

  • Govt calls for an emergency meeting to discuss grounding of flights, advance bookings, cancellations, refunds and any potential safety issues at Jet Airways
  • Groundings have led to several flight cancellations—passengers are demanding refunds and pilots are threatening strike over unpaid salaries

Photo: Remya Haridas Facebook page.
While Apna Dal (Sonelal) MP Anupriya Patel will contest from Mirzapur and field candidate in one more seat, the faction led by her mother, Krishna Patel, will field candidates on Pilibhit and Gondia Lok Sabha seats. (AP)
While Apna Dal (Sonelal) MP Anupriya Patel will contest from Mirzapur and field candidate in one more seat, the faction led by her mother, Krishna Patel, will field candidates on Pilibhit and Gondia Lok Sabha seats. (AP)

Elections 2019: Why Apna Dal is crucial for BJP, Congress in Uttar Pradesh

  • BJP is betting on Anupriya Patel's Apna Dal (Sonelal) to corner a share of Kurmi votes—traditionally an SP votebank
  • Congress has struck a seat-sharing deal with Krishna Patel's Apna Dal in its attempts to rally anti-BJP parties in UP

Sabarimala temple. (Reuters)
Arvind Kejriwal. PTI Photo
After raising  ₹3,000 through New Fund Offer (NFO) in March 2014, the government garnered  ₹6,000 crore from the first FFO of the CPSE ETF in January 2017. (Reuters )
After raising 3,000 through New Fund Offer (NFO) in March 2014, the government garnered 6,000 crore from the first FFO of the CPSE ETF in January 2017. (Reuters )

CPSE ETF receives bids worth 6,072 cr from anchor investors

  • The portion not exceeding 30% of the maximum amount to be raised shall be available for allocation to anchor investors
  • Non-anchor investors, including retail investors, can put in their bids from Wednesday

Nifty hit a record 11,760 in August and has already jumped 5.5 percent so far this year. (AP)
The Automated Guided Vehicle setup will be operated by Flipkart's existing staff who will be trained to handle them internally.
The Automated Guided Vehicle setup will be operated by Flipkart's existing staff who will be trained to handle them internally.

Robots will process orders at Flipkart’s Bangalore facility

  • Flipkart has deployed Automated Guided Vehicles (AGVs) at its Soukya sortation center in Bangalore
  • The AGV setup includes more than 100 self-guided bots which can automatically sort and assign packages to the pin codes of the customer

The government owns 53.88% stake in IOC and stands to get about  ₹761 crore, excluding dividend distribution tax. (Bloomberg)
The government owns 53.88% stake in IOC and stands to get about 761 crore, excluding dividend distribution tax. (Bloomberg)

IOC pays 2nd interim dividend; ONGC to consider on 23 March

  • The government owns 53.88% stake in IOC and stands to get about 761 crore
  • Sources said the government is struggling to meet the revised fiscal deficit target of 3.4 % in view of the shortfall in GST collections

The development has been received optimistically by SpiceJet. (Pradeep Gaur/ Mint )
The development has been received optimistically by SpiceJet. (Pradeep Gaur/ Mint )

Lessors offer Jet Airways grounded planes to SpiceJet

  • The development has been received optimistically by SpiceJet which had to ground 12 of its 737 Max 8 aircraft due to govt's safety restrictions
  • Industry sources say the airline has grounded over 50% of 123 aircraft strong fleet

 (Hindustan Times)
Mukesh Ambani (left) and Anil Ambani. (HT)