(Photo: Bloomberg)
QIP is a capital-raising tool through which listed companies can sell shares, fully and partly convertible debentures, or any securities, other than warrants that are convertible into equity shares, to qualified institutional buyers (Photo: Mint)
QIP is a capital-raising tool through which listed companies can sell shares, fully and partly convertible debentures, or any securities, other than warrants that are convertible into equity shares, to qualified institutional buyers (Photo: Mint)

HDFC hits the street with 14,000 crore equity fundraise

The board has also approved raising up to 9,000 cr through an issue of non-convertible debentures

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Indian IT companies have been vocal about domestic hiring efforts in the US and have over 60% local workforce already.
Indian IT companies have been vocal about domestic hiring efforts in the US and have over 60% local workforce already.

H-1B curbs extend wait for the  great American dream

H-1B visa holders have been under constant scrutiny in the US and 2020 has witnessed peak executive action against this group in light of high American unemployment. Mint takes a look at what is driving this anti-H-1B sentiment.

A man pushes a shopping cart inside a mall in Mumbai on Wednesday.  (Photo: Reuters)
Several areas including Chembur, Parel, Hindmata, Wadala and Worli reported water-logging (PTI)
A worker wearing a PPE sprays disinfectants to sanitise High Street Phoenix mall, ahead of its reopening during Unlock 3, at Lower Parel in Mumbai (PTI)
A worker wearing a PPE sprays disinfectants to sanitise High Street Phoenix mall, ahead of its reopening during Unlock 3, at Lower Parel in Mumbai (PTI)

Covid-19 to make a dent in malls' revenues in FY21: Crisil

  • Multiplexes, food courts, restaurants and gaming zones that contribute to roughly 22% of the total revenues at malls, are yet to open in malls across the country

The Centre fears that smart meters imported from China could carry malware that can disrupt power systems.

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Of the 600 million tonnes of food crops produced in a year, the share of organic produce is a minuscule 2.6 million tonnes. But preferences are changing. ( Photo: Hindustan Times)
Of the 600 million tonnes of food crops produced in a year, the share of organic produce is a minuscule 2.6 million tonnes. But preferences are changing. ( Photo: Hindustan Times)

Setting the table for a safe food boom

  • The pandemic has compelled many to focus on what goes into their food. Will the organics moment last?
  • Unlike organic staples like rice, pulses and honey, which have seen an uptick lately, sourcing and supplying naturally-grown perishables is a harder segment to crack

Photo: Mint
A ban on the Mi Browser, which comes pre-loaded on most Xiaomi smartphones, could potentially mean the Chinese firm will need to stop installing it on new devices it sells in India (Photo: Bloomberg)
A ban on the Mi Browser, which comes pre-loaded on most Xiaomi smartphones, could potentially mean the Chinese firm will need to stop installing it on new devices it sells in India (Photo: Bloomberg)

India bans more Chinese apps, including some from Xiaomi, Baidu: Report

  • The bans are part of India's moves to counter China's dominant presence in the country's internet services market
  • The govt in June banned 59 Chinese apps for threatening the country's 'sovereignty and integrity', including TikTok, UC Browser and Mi Community app

Photo: iStock
Sebi chairman Ajay Tyagi (Photo: Mint)
In 2018-19, less than half of the 3.7 lakh tax returns selected for scrutiny in the previous year were chosen.
In 2018-19, less than half of the 3.7 lakh tax returns selected for scrutiny in the previous year were chosen.

Scrutiny of tax cases on the decline, shows data

The finance ministry has said the drastic reduction in the number of cases chosen for scrutiny was a reflection of the tax authority’s evolution from an enforcement agency to one focused on tax payer services

The signage on top of the BSE building toppled due to very heavy wind and incessant rain today, BSE CEO tweeted (Twitter/Ashish Chauhan)
The pandemic also prompted several companies to ramp up supplies online and forge partnerships with hyperlocal delivery partners. (Photo: Ramesh Pathania/Mint)
The pandemic also prompted several companies to ramp up supplies online and forge partnerships with hyperlocal delivery partners. (Photo: Ramesh Pathania/Mint)

Covid prompts FMCG firms to look at efficient processes

  • While not all associations and learnings will stick, especially as markets gradually open up and stocks start moving, firms will look at imbibing some of these changes in the way they function

Photo: Bloomberg
This is BYJU’s fifth acquisition and is also its largest acquisition to date (MINT_PRINT)
The Apple Inc (REUTERS)
Pedestrians cross a waterlogged street during heavy rains, at Byculla area in Mumbai, Wednesday (PTI)
The new Note 20 Series
Ram Mandir digital billboard comes up in New York’s Times Square. (Twitter/@ANI )
Security personnel stand guard on a street during restrictions imposed in the wake of the first anniversary of Article 370 abrogation, in Srinagar, Wednesday (PTI)
(Photo: Mint)
A health worker collects a nasal swab sample for COVID-19 test at a mobile testing centre  (AP)
Gym staff should be cleaning exercise machines between uses (PTI)
Rhea Chakraborty and her family members arrives at Bandra police station to record their statement in the Sushant Singh Rajput suicide case in Mumbai on Thursday. (ANI Photo)
Rhea Chakraborty and her family members arrives at Bandra police station to record their statement in the Sushant Singh Rajput suicide case in Mumbai on Thursday. (ANI Photo)

ED summons Rhea Chakraborty for questioning on Aug 7

  • As a part of a procedure based on complaint filed by Sushant's father, Rhea Chakraborty has been summoned by ED in investigation regarding money laundering case

DLF’s rental business that operates under DLF Cyber City Developers Ltd performed relative better, largely led by its office business as shopping malls remained closed. (Mint)
DLF’s rental business that operates under DLF Cyber City Developers Ltd performed relative better, largely led by its office business as shopping malls remained closed. (Mint)

DLF, Godrej Properties post losses in Q1 due to covid-led business disruption

DLF, India’s largest real estate developer, posted a net loss of 71.52 crore in the June quarter. It had posted a net profit of 413.94 crore in the corresponding year-ago quarter

The Supreme Court of India. (Photo: Ramesh Pathania/Mint)
Moderna has received nearly $1 billion from the US government under a plan to speed up covid vaccine development.
Photo: Twitter
Ku Ka Selvam at BJP office (Photo: ANI)
At present, there are 1,356 laboratories in the country which conduct coronavirus tests (AFP)
(Photo: @aaigoaairport on Twitter)
The event will start at 7:30 pm IST
Ayodhya: Prime Minister Narendra Modi offers prayers while attending the foundation stone laying ceremony for the construction of the Ram Mandir, in Ayodhya. (PTI)
Photo: AP
We’re trying to make sure we can end it not just in the rich countries, Bill Gates said (AP)
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