ICICI-Videocon case: ED summons Chanda Kochhar, husband Deepak Kochhar

• ED summons Chanda Kochhar, husband Deepak Kochhar and brother-in-law Rajiv Kochhar
• ED is probing a case of money laundering against Kochhars based on a CBI case

How India’s oil economy changed under Modi regime

• During the first year in office of PM Narendra Modi, Iran used to contribute only 6% of India’s crude basket
• Towards end of Modi’s tenure, Iran is now the third largest contributor to India’s energy security

The ongoing churn in Indian capitalism and the Sensex

The frequent churn in the Sensex is as much a testament to the dynamic nature of the Indian economy as the decline of a once-dominant airline, Jet Airways, which suspended operations last week.

Opinion: What Sebi can do to detoxify debt funds

• There is a case to cap corporate credit at 5% of net assets or lower
• Sebi should make it mandatory for funds to indicate the names of the promoters of all investee companies in the disclosure document

When will Jet Airways fly again? Cash-strapped carrier eagerly waits for buyers

• Shares of the Jet Airways have plummeted 36% since all flights were grounded
• The Tata Group may jump into the fray if the sale process fails, and bankruptcy proceedings kick in

In East Delhi, Gambhir will bat against AAP's Atishi, Congress' Lovely

• East Delhi constituency is crucial as it has been closely contested between the BJP and Congress
• In 2014, BJP's Maheish Giri defeated AAP's Rajmohan Gandhi by more than 1.9 lakh votes from East Delhi

The sudden revival of Raj Thackeray

Despite not fielding a candidate, Raj Thackeray has almost overnight become the main opposition voice in Maharashtra. What’s his game?

Reserve Bank of India has $43 billion in excess capital: BofAML

• BofAML’s note comes as the panel led by former central bank Governor Bimal Jalan prepares to submit its report
• The view from BofAML lends itself to a debate over Reserve Bank of India’s reserves

Reliance Jio GigaFiber to offer broadband, landline and TV combo for ₹600

• Landline and TV will be added to Reliance Jio GigaFiber over the next three months, and will remain free for about a year
• While the landline will come with unlimited calling facility, television channels will be delivered over the internet

Tesla's self-driving robotaxis will be on roads by next year, promises Musk

• 1 million Teslas will be on the road that are fully capable of driving themselves, Tesla CEO Elon Musk
• Musk said both Tesla and its customers will reap major monetary benefits once robotaxis are ready

GST rate cuts now benefitting consumers more than before: Survey

• The trend shown by the survey indicates that prices of household items may soften further
• The survey said 30% people believed in April that they are getting the benefit of tax cuts on items like shampoo, cosmetics and groceries

Bank FDs vs debt mutual funds vs post office deposits: How they are taxed

• Equity investments tend to give higher returns than all other asset classes over the long run, but they are also riskier in nature
• It is important to invest in debt-related products

OnePlus is spending 3 times more on OnePlus 7 Pro's display than previous models

• TheVerge quoted Lau saying that OnePlus is spending three times as much on its display this year than on previous models
• The OnePlus 7 Pro might be priced in the league of flagships by Samsung and Apple

Startups see RBI’s fintech sandbox as a positive but wary of some clauses

• RBI's fintech sandbox allows startups to test out new financial products in realtime with limited regulations
• The fintech sandboxing will, however, be for a limited set of customers and only 10-12 fintech companies

Recession fears may be fading but global economy isn't out of the woods yet

• While global fund managers are shrugging off fears of a recession, BofA-ML predicts 'low growth, low inflation' over the next one year
• A potential China slowdown, trade wars and the destabilization in eurozone are still seen as potential risks to the global economy

Lending start-up ZestMoney raises $20 mn Series B funding

• The new funding will support the company’s expansion plans for 2019 and for other online purchases
• The firm will also further strengthen its collaborations with retailers, banks & non-banking financial institutions with the funding

IL&FS to sell wind portfolio to GAIL in first asset sale since crisis

• IL&FS has agreed to sell its 874 MW operational wind portfolio to GAIL (India) Ltd for ₹4,800 crore
• GAIL’s offer of ₹4,800 crore implies that the debt of ₹3,700 crore on the wind power SPVs will be fully paid back

Post US sanctions, India assures of a robust oil import plan

• The government issued a statement spelling out the country’s ‘robust’ energy sourcing plan starting May
• An increase in oil prices is likely to put pressure on India’s fiscal and current account and comes against the backdrop of the 2019 Lok Sabha elections

Samsung holds on Galaxy Fold release over durability concerns of foldable screen

• The phone's screen couldn't survive two days of folding by reporters who had received the early units for reviews before the launch
• Samsung said their initial findings showed that the reported issues could be due to impact on the top and bottom exposed areas of the hinge and also due to a broken substance inside the device

SC to hear sexual harassment allegations against CJI Ranjan Gogoi on Tuesday

• The suo motu proceedings, initiated by the SC in the wake of sexual harassment allegations against CJI Ranjan Gogoi
• Last week, CJI had convened an 'extraordinary' sitting after reports emerged about charges against him

Heavy polling in Kerala, despite wide scale complaints of faulty EVMs

• The public raised complaints about voting machines being either slow or faulty in districts such as Ernakulam, Aluva, Thiruvananthapuram
• Chief minister Pinarayi Vijayan, who voted after half an hour standing in the queue, criticised the election commission over the complaints

OYO unveils new initiative 'OYO Near You' for customers

• OYO has launched a new initiative 'OYO Near You' through which it will curate experiences for customers in Delhi-NCR
• From wine tastings to movie-screenings, the new initiative would include activities such as house parties, comedy shows, live performances, workshops

Falcon Edge, Maverick, existing investors to invest in Bounce

• Bounce said that it has raised venture debt financing of about $3 million from Innoven Capital
• Bounce last raised a $12.2 million Series A round in August last year led by Sequoia and Accel, closely after which it raised $3 million in debt from InnoVen Capital

Oil prices extend rally as US ends waivers on Iran crude

• Crude has rallied about 38% this year as OPEC and its partners embarked on their mission to cut output
• Disruptions in Venezuela, Nigeria and Libya have helped further squeeze supplies

Blackstone Group to acquire majority stake in Essel Propack at ₹134/share

• Private equity firm Blackstone has signed a definitive agreement with Essel Propack’s promoter, Ashok Goel, to buy a 51% stake at ₹134 a share
• The Blackstone-Propack deal will trigger a mandatory open offer requiring Blackstone to purchase an additional 26% stake in Essel Propack

Never let your guard down, SWIFT India’s Arundhati Bhattacharya tells banks

• Perpetrators of bank frauds are always thinking up new techniques and the only way to prevent it is being watchful, says Bhattacharya
• The SWIFT India chairman also stressed on the need for bank mergers to make technology spends viable

Voting is on for the largest phase of Lok Sabha Elections 2019

• The third phase is critical as three states go to polls in a single phase on Tuesday - Gujarat, Kerala and Goa
• The electorate base for the third phase is more than 18 crore 85 lakh and a total of 1640 candidates are in fray

PM Narendra Modi votes in third phase of Lok Sabha elections

• In all, 188 million voters are eligible to cast ballots in 117 constituencies during the day across 15 states
• BJP has aggressively pushed Modi's national security record as it seeks to offset the opposition's charges of economic mishandling

High oil prices an 'Achilles heel' for Indian economy: Report

• The surging price of oil is an Achilles heel for the Indian economy, complicating its inflation, current account, fiscal balance and currency outlook
• The Reserve Bank of India's minutes from the April meeting had already left the market divided

How US move against Iran oil affects India

• The US move comes in the backdrop of ongoing elections in India to chose the 17th Lok Sabha
• India, the world’s third-largest oil importer, has been concerned about elevated oil prices adversely impacting the country’s trade deficit

Focus on farm crisis, jobs as 14 Maharashtra seats vote

• Constituencies voting today comprise some of the state’s most prosperous pockets as well as a few economic laggards
• Among the first-time voters, there seems to be a concern that local and developmental issues are not topping the agenda

Finmin asks all departments to conduct review of govt guarantee

• The details of CPSEs or entities due guarantee fee paid on time to the government should also be submitted
• Guarantees are contingent liabilities have the potential to impact the financial performance of the government

Aadhaar just an ID, says Nandan Nilekani

• Nilekani said surveillance was more a state concern, in which state knows too much about the individuals and then uses it
• Nilekani said surveillance should be a matter of concern

Why India’s apparel exports are falling

• Estimated at $16.2 billion in FY19, India's apparel exports fell by 1.2% from FY18, which in turn was 4% lower than the previous year
• Even the share of apparel exports in the country’s total textile exports has fallen sharply from 51% in FY17 to 45% in FY19

Mirae Asset launches its first equity focused mutual fund

• Mirae Asset Focused Fund, an open-ended equity scheme, will be investing in a maximum of 30 stocks
• The fund manager has the flexibility to invest across large cap, mid cap and small cap categories (multi-cap style) and across sectors

EC bans Navjot Singh Sidhu from campaigning for 72 hours

• Sidhu has been banned from campaigning for 72 hours for his controversial remarks which was seen in violation of the Model Code of Conduct
• He will be barred from all forms of campaign including holding any public meetings, rallies, interviews and public utterances in any media

The good and bad news in bureaucrat transfers

The average tenure of IAS officers in a posting has increased sizeably in the last 5 years. But it’s still at an abysmal level, of 15 months

Caste biases rife even in M&A deals in India, shows an IIM-B study

• Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study
• These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals

SC asks Madras HC to decide on plea against TikTok ban in 2 days

• The apex court was hearing a plea by ByteDance, the China-based parent company of TikTok, against the Madras High Court order
• TikTok, a short video mobile application, allows users to create and share short videos with special effects which are hugely popular

Network 18’s Manish Maheshwari is new Twitter India MD

• Manish Maheshwari will be responsible for driving an integrated business strategy to accelerate the social media platform’s audience
• Before joining Twitter, Maheshwari was the chief executive of the media firm Network18 Digital

Sri Lanka blames local group NTJ for Easter Sunday bombings

• Lankan govt investigating whether the Islamist extremist group National Thowheeth Jama'ath had ‘international support’
• 13 suspects had been taken into custody and were being probed for their connection to the NTJ

Four JD(S) workers from Karnataka die in Sri Lanka bombings

• A string of eight blasts, including suicide attacks had devastated Sri Lanka on Easter Sunday, ripping through churches and luxury hotels, killing hundreds
• Over 290 people are believed to have died and another 500 injured

Foreign Secretary Vijay Gokhale raises issue of Azhar's listing with China

• China blocked Azhar's designation for the fourth-time -- the first since the Wuhan summit
• Gokhale arrived in Beijing on Sunday for a two day visit

US-India strategic interests broadly aligned, ties to thrive in future: Gokhale 

•  India and the United States are 'broadly aligned, structural and deep', said Vijay Gokhale
• After Pulwama attack, US said it supported India's "right to defence" after the attack

Nitesh Estates to raise ₹1,300 crore for commercial office portfolio

• Nitesh Estates will raise ₹800 crore as equity and partner a foreign investor primarily to build a commercial office platform, says CMD
• Nitesh Estates also plans to raise up to ₹500 crore of structured debt for 3-4 residential projects, which will be converted into offices

Samsung delays launch of Galaxy Fold phone

• The announcement comes days after some reviewers reported problems with their test units after just a day or two of use
• Samsung has hailed the folding design as the future in a field that has seen few surprises since Apple Inc's iPhone in 2007

SpiceJet to deploy sub-leased aircraft from Jet lessors

• The airline owes 16 aircraft, while the rest were leased. Last year it had a fleet of around 120 aircraft
• SpiceJet had said that it would induct as many as 27 planes in a record time of less than two weeks

Nissan to reject new integration proposal from Renault: Nikkei

• Nissan Chief Executive Hiroto Saikawa declined to say whether the company had received such a proposal from Renault
• Renault has argued in its proposal that an integration would maximise synergies within the French-Japanese alliance, according to the Nikkei

Hindustan Copper board to consider fund raising via QIP

• The Cabinet last year had approved a fresh equity issue of 15% by Hindustan Copper to help it raise over Rs900 crore
• Shares of the company closed lower by 1.43% at Rs48.15 on BSE Monday

SECI postpones manufacturing-linked solar bid for 3 GW till May 14

• The techno-commercial bid opening shall be carried out from 1700 hours on same day
• According to the notice, the last date of bid submission is extended till May 14, 2019

Security tightened in southern states after terror attack in Sri Lanka

• Security has also been stepped up in sensitive locations in major cities like Delhi, Mumbai, Chennai and Bengaluru
• Additional security arrangements in churches and other major religious sites in Tamil Nadu, Karnataka, Kerala, Andhra Pradesh and Telangana have been made

Bounce raises $3 million in debt funding from Innoven Capital

• Bounce says the funding will be used for expansion
• Till date, Bounce has raised over $22.5 million across two rounds

Is tracking social media to catch tax evaders a breach of privacy?

• The I-T department is planning to revamp its data collection methods under Project Insight. One of its data sources will be social media, where it will flag a mismatch between an individual’s income and social media posts
• Nilanjana Chakraborty asks experts if tracking social media posts of an individual amounts to breach of taxpayers’ privacy

IndiGo to start six additional daily non-stop flights from Delhi

• According to data released by the DGCA for March this year, IndiGo's domestic passenger market share stands at 46.9%
• The Delhi-Allahabad direct flight would depart from Delhi at 9.55 am daily and land at Allahabad at 11.20 am

Motoroyale brings MV Agusta Brutale 800 RR America to India

• Motoroyale said only five units of the superbike would be available for sale in the country
• The MV Agusta Brutale 800 RR America is powered by an in-line three cylinder engine which delivers a power of 140 bhp with 87 NM torque