Sensex had fallen sharply on Tuesday amid volatile trade
Foodpanda has seen three management changes since its inception in 2012.
The new IL&FS board has issued a show-cause notice to the auditors for alleged negligence, and can seek damages from them. ( Photo: Aniruddha Chowdhury/Mint)
In India, Hyundai is expected to launch its first electric vehicle later this fiscal year. (Photo: Pradeep Gaur/Mint)
The Securities Appellate Tribunal will hear NSE’s petition for interim relief today.  (Photo: Abhijit Bhatlekar/Mint)
 (Mint)
The Election Commission has said that EVMs are foolproof and kept in strongrooms before counting.  (Ramesh Pathania/Mint)
Central bank is also looking to introduce risk-based supervision for NBFCs and urban cooperative banks. (Photo: Aniruddha Chowdhury/Mint)
Central bank is also looking to introduce risk-based supervision for NBFCs and urban cooperative banks. (Photo: Aniruddha Chowdhury/Mint)

RBI plans specialized structure for regulation, supervision of banks

  • A decision to this effect was taken at a meeting of the Central Board chaired by RBI Governor
  • The decision is based on the recommendations of an internal committee under the current executive director in charge of NBFC supervision

Jet Airways shares were up over 7%.
 (Photo: Reuters)
(Photo: Reuters)

Opinion | Uber’s bumpy IPO has lessons for other startups, especially Ola

Uber pitched its initial public offering as a once-in-a-generation opportunity

Online firms dominated TV advertising during IPL 2019 and some of them plan to leverage this during the cricket world cup. (HT)
Yes Bank CEO Ravneet Gill. (Aniruddha Chowdhury/Mint)
IL&FS said it is willing to consider similar proposals for other troubled group firms to exit insolvency.
Johnson & Johnson manufacturing plant.  (Reuters )
Johnson & Johnson manufacturing plant. (Reuters )

Johnson & Johnson loses $25 million talc verdict in New York

  • J&J faces more than 14,000 claims that its powders caused ovarian cancer and mesothelioma, a rare cancer linked to asbestos exposure
  • The company denies its products ever contained the carcinogen

 (Bloomberg)
 (Photo: Hemant Mishra/Mint)
A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi.  (Reuters)
Vodafone Idea and Bharti Airtel together shed 29.6 million users by March-end compared to February. (Mint)
Prasanth Kumar
Prasanth Kumar

GroupM COO Prasanth Kumar appointed as South Asia CEO

  • Singh leaves GroupM in June end to take up a senior role at ByteDance India, a technology firm specializing in content platforms
  • Kumar, who joined GroupM in 2004, has played several leadership roles across India and the region, before becoming the South Asia COO in January

 (Jayachandran/Mint)
 (Sarvesh Kumar Sharma/Mint)
China suspect that the US’s real goal is to prevent them from rising any further or projecting legitimate power and influence abroad
BJP President Amit Shah, center left, along with leaders of the National Democratic Alliance (NDA) presents a floral garland to Prime Minister Narendra Modi during a meeting before a dinner hosted by the BJP in New Delhi (Photo: AP)
BJP President Amit Shah, center left, along with leaders of the National Democratic Alliance (NDA) presents a floral garland to Prime Minister Narendra Modi during a meeting before a dinner hosted by the BJP in New Delhi (Photo: AP)

NDA confident of again forming government

  • The meeting of NDA comes on the same day when opposition parties complained to Election Commission about the functioning of EVMs
  • The meeting of NDA partners was initiated by BJP president Amit Shah and a dinner was organised by BJP for all the NDA partners

In September, an analysis of some sewage and stool samples showed traces of polio strain 2, a variant believed long gone. ht
In September, an analysis of some sewage and stool samples showed traces of polio strain 2, a variant believed long gone. ht

Bio-Med directors in the dock over supply of tainted drugs

  • Zonal drug regulator files complaint against company’s senior staff in Ghaziabad court
  • The complaint is against Bio-Med’s five directors, its lab in-charge and the company itself

In the near term, the focus will be on how OMCs change petrol/diesel prices post-elections, added the brokerage firm. (Ramesh Pathania/Mint)
In the near term, the focus will be on how OMCs change petrol/diesel prices post-elections, added the brokerage firm. (Ramesh Pathania/Mint)

For OMCs, marketing segment steals the show in the March quarter

  • First, demand is not expected to be robust. Second, global refining capacity is expected to be higher
  • In the near term, the focus will be on how OMCs change petrol/diesel prices post-elections, added the brokerage firm

 (Photo: Ramesh Pathania)
After a record rally on 20 May, 2019, the equity benchmark indices end lower on Tuesday. (Photo: Hemant Mishra/Mint)
After a record rally on 20 May, 2019, the equity benchmark indices end lower on Tuesday. (Photo: Hemant Mishra/Mint)

Indices end lower, a day after record rally

  • Sensex closed 1% lower at 38969.80 points, while the NSE Nifty 50 index fell 1.01% to close at 11,709.10 points
  • Analysts believe domestic markets have already priced in Prime Narendra Modi's re-election, with little room for a further rally

Trusts also have to disclose details about their beneficial owners.  (Reuters)
Trusts also have to disclose details about their beneficial owners. (Reuters)

CBDT wants religious, charitable trusts to be more open about their affairs

  • Trusts also have to disclose details about their beneficial owners
  • Tax relief is available to trusts on the income used towards meeting their stated religious or charitable objectives subject to conditions specified in Income Tax Act

 (Photo: Aniruddha Chowdhury/Mint)
(Photo: Aniruddha Chowdhury/Mint)

IL&FS initiates claim process for 70 group entities

  • The claims process is being run to crystallise the financial, operational liabilities of the group to facilitate distribution of proceeds from the resolution process
  • IL&FS has appointed Grant Thornton India as the claims management advisor for overseeing and executing the process

There has been growing interest in India’s clean energy space. (Photo: Mint)
 (Aniruddha Chowdhury/Mint)
High vacancy and vast number of complaints could be some of the reasons behind non-execution of Rera orders. (Photo: Indranil Bhoumik/Mint)
High vacancy and vast number of complaints could be some of the reasons behind non-execution of Rera orders. (Photo: Indranil Bhoumik/Mint)

Aggrieved buyers face another Rera battle

  • Several Rera orders favouring homebuyers have not been executed
  • According to Rera Act, once an order is passed by the authority, it needs to be executed within a fixed timeline

Rajeev Suri, Nokia's President and Chief Executive Officer.  (Reuters )
Rajeev Suri, Nokia's President and Chief Executive Officer. (Reuters )

Nokia CEO Rajeev Suri sees possible benefits from Huawei tensions

  • Nokia said it has won one additional commercial 5G contract since it reported first quarter earnings in late April
  • Nokia last month reported a surprise quarterly loss after it failed to supply 5G telecoms equipment in time

AHH CEO Vishal Bali.
A worker checks a 500 rupee note at a fuel station (Reuters)
Vinamra Pandiya, 37, has been skydiving regularly since 2012. (Photo: Jithendra M/Mint)
Vande Bharat Express, India's first semi-high speed train. (PTI )
Vande Bharat Express, India's first semi-high speed train. (PTI )

Train 18 for exports after domestic demand is met: Railway official

  • India's first self-propelled (engine-less) Train 18, which was rolled out last year, presently runs between New Delhi and Varanasi
  • The official also said ICF would take up design, development and production of Train 19, a sleeper version of Train 18, in the current year

Hotels often throw in benefits like late check-out for those who book directly. (iStock)
Hotels often throw in benefits like late check-out for those who book directly. (iStock)

Opinion | Why booking rooms directly may be your best option

Rather than spending days looking for big discounts, use Google to compare rates

 (Aniruddha Chowdhury/Mint)
(Aniruddha Chowdhury/Mint)

Sebi proposes to reduce time taken for rights issue process

  • Sebi proposes to reduce time taken for rights issue to around 31 days as well as make the application, allotment process more efficient
  • Sebi has proposed reduction in period of notice for companies to set a record date from 7 to 3 working days

High valuations and poor earnings growth remain a worry for the Indian equity markets (Photo: Bloomberg)
Larsen and Toubro (L&T) Group Chairman AM Naik. (PTI )
Larsen and Toubro (L&T) Group Chairman AM Naik. (PTI )

L&T m-cap to touch 3 lakh crore in five years: A M Naik

  • The $ 20 billion diversified L&T Group has a market cap of about 2.5 lakh crore at present
  • Naik narrated how he aspired to be a manager in L&T and retire when he would get 1,000 salary

 (Mint)
A Vistara Airbus A320 passenger aircraft.  (Reuter )
 (Photo: iStock)
(Photo: iStock)

Health insurance exclusions all set to reduce

  • Irdai’s draft exposure aims to enhance scope of health cover by rationalising and standardising health insurance exclusions through six key changes
  • The draft is bound to have some impact on premium as the scope of cover has gone up and we will have to see how it will impact pricing

 (Mint )
 (Jayachandran/Mint)
(Jayachandran/Mint)

The A-Z of electioneering

Two months of relentless campaigning for the 2019 Lok Sabha election has drawn to a close. Millions of words have been poured into ears of voters, much of the language less than parliamentary. As we wait for the results, Shalini Umachandran brings you a lexicon from the campaign trail