The weaker-than-expected economic data emerging from India points to a deepening slowdown in Asia’s third-largest economy (Photo: Bloomberg)
The weaker-than-expected economic data emerging from India points to a deepening slowdown in Asia’s third-largest economy (Photo: Bloomberg)

Q2 GDP growth could fall below 5%

  • An SBI report said the demand slowdown in the economy is still significant and would take longer time to recover
  • Nomura has projected September quarter GDP growth to decelerate to 4.2%

The outlook for factory output is not good in October (Photo: Priyanka Parashar/Mint)
Private consumption expenditure was at an 18-quarter-low of 3.1% in the June quarter (Photo: Mint)
Private consumption expenditure was at an 18-quarter-low of 3.1% in the June quarter (Photo: Mint)

Business confidence dips to lowest in six years

  • The survey by think tank NCAER showed that the Business Confidence Index fell 15.3% from the preceding quarter
  • The numbers suggest a deep and all-pervasive worsening of business sentiments, NCAER said in a statement

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Nationalist Congress Party (NCP) leader Ajit Pawar with Maharashtra Governor Bhagat Singh Koshiyari at Raj Bhavan in Mumbai on Monday (Photo: ANI)
Nationalist Congress Party (NCP) leader Ajit Pawar with Maharashtra Governor Bhagat Singh Koshiyari at Raj Bhavan in Mumbai on Monday (Photo: ANI)

Another twist in Maharashtra as governor invites NCP to form govt

  • The governor rejected Shiv Sena’s demand for more time to get the support of the Congress and NCP
  • The Sharad Pawar-led NCP has 24 hours to respond to the governor’s invite to form govt

A total of 285,027 PVs were sold in October, thanks to higher sales by Maruti Suzuki, Kia and MG (Photo: Pradeep Gaur/Mint)
A SpaceX Falcon 9 rocket lifts off from Cape Canaveral Air Force Station (Photo: AP)
A SpaceX Falcon 9 rocket lifts off from Cape Canaveral Air Force Station (Photo: AP)

SpaceX sends up 60 mini-satellites with plans for thousands more

  • The mini satellites are the second batch of an orbiting network meant to provide global internet coverage
  • SpaceX says its satellite constellation will be operational for Canada and the northern US by next year

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The Sensex ended 21 points higher at 40,345

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Devotees at the Ram Janmabhoomi Nyas-run workshop at the site in Ayodhya (Photo: PTI)
Devotees at the Ram Janmabhoomi Nyas-run workshop at the site in Ayodhya (Photo: PTI)

Ground  Zero : Ayodhya wants to move on

  • With restraint and acceptance, Ayodhya’s citizens seem to have made their peace with the Supreme Court verdict
  • There’s no word on a review petition yet, but a section of Muslims feel let down. Friction is expected between the two main Hindu camps over constitution of the trust to build the temple

JNU students protesting outside AICTE headquarters in New Delhi (Photo: Pradeep Gaur/Mint)
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ShopClues was recently sold to Singapore’s Qoo10
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Plain Facts
Not every child entitled to mid-day meals gets it. A survey shows  82% children in govt schools received mid-day meals (Photo: Mint)

The case for mid-day meals for all

3 min read . 11 Nov 2019
A file photo of Bandra Worli Sea link (Photo: Hindustan Times)

Which is India’s most livable city?

3 min read . 10 Nov 2019
At the state-level there are bigger differences although the best and worst states in terms of rioting remain unchanged. (Photo: HT)

Have riots in India increased?

3 min read . 06 Nov 2019
NPS is a market linked, defined-contribution product that needs you to invest regularly in the funds of your choice (Photo: Reuters)
NPS is a market linked, defined-contribution product that needs you to invest regularly in the funds of your choice (Photo: Reuters)

How your investments in NPS are faring

  • There are eight pension fund managers to choose from and one of the ways to choose your fund manager is by tracking the returns
  • Here is a breakdown of the performance of different funds of the private sector NPS

Gainers & Losers
John Legere (Photo: AP)
A file photo of Karnataka Assembly. (Mint)
Ayodhya Verdict
T.N. Seshan became chief election commissioner when coalition politics was at its peak. (HT)
T.N. Seshan became chief election commissioner when coalition politics was at its peak. (HT)

TN Seshan helped transform EC into a more effective institution

  • The seriousness with which other government offices started taking EC changed completely during T.N. Seshan’s tenure as CEC
  • One thing that happened during Seshan’s time was that the EC tried to convey to the people the power of their votes

In India, Lupin will look at inorganic growth in multiple therapy areas, including cardiovascular and diabetes, while increasing its presence in dermatology, ophthalmology and urology. (Bloomberg)
In India, Lupin will look at inorganic growth in multiple therapy areas, including cardiovascular and diabetes, while increasing its presence in dermatology, ophthalmology and urology. (Bloomberg)

Lupin to sell Japanese biz for enterprise value of 3,702 cr

  • Pharma firm will get 2,104 crore in cash from sale of a 99.82% stake in Kyowa to Plutus
  • Lupin expects the transaction to complete by March end, subject to requisite approvals

Hero Future Energies plans to build a 5 gigawatt portfolio by 2022 and expand its operations in Africa and India, and be present across the solar energy value chain (Photo: @HeroFuture_HFE on Twitter)
Hero Future Energies plans to build a 5 gigawatt portfolio by 2022 and expand its operations in Africa and India, and be present across the solar energy value chain (Photo: @HeroFuture_HFE on Twitter)

Masdar’s $150 mn investment values  Hero Future  at $750  mn

  • The UAE-based energy firm has acquired around 20% stake in the Indian renewable energy company
  • The deal comes at a time when credit availability for renewable energy firms has dried up

Long Reads
Nestle India follows a January to December financial year.
Power consumption in heavily industrialized states such as Maharashtra and Gujarat led the decline (Photo: Ramesh Pathania/Mint)
Power consumption in heavily industrialized states such as Maharashtra and Gujarat led the decline (Photo: Ramesh Pathania/Mint)

India slowdown: Electricity demand falls at fastest pace in at least 12 years

  • India's electricity consumption fell 13.2% in October from a year ago, posting its steepest monthly decline in over 12 years
  • India's infrastructure output in September contracted 5.2%, the worst in 14 years

From an exits perspective, the sell-offs were 30% lower at $960 million as against the $1.4 billion in the year-ago period (Photo: Bloomberg)
Evo Morales (Photo: Reuters)
The debtor raised an objection saying it is an insurance company which is a financial service provider and the business of which is regulated by a financial sector regulator. (Reuters)
The debtor raised an objection saying it is an insurance company which is a financial service provider and the business of which is regulated by a financial sector regulator. (Reuters)

IBC proceedings against Aviva Life Insurance may not impact policyholders

  • Aviva, which took up office space at Apeejay Express in Vashi, Mumbai in June 2008 owes Apeejay Rs. 27,67,203 in the form of dues
  • Apeejay which is the operational creditor issued a notice to Aviva in April this year demanding a total sum of Rs. 27,67,203

Photo: Bloomberg
The intact carcasses have been sent to Bhopal for further investigation. ( Aniruddha Chowdhury/Mint)
The RBI regulations, which came into effect on 1 April, mandate that banks limit their exposure to 25% of their capital for connected parties.
The RBI regulations, which came into effect on 1 April, mandate that banks limit their exposure to 25% of their capital for connected parties.

External commercial borrowings of firms jump 50% in April-September

  • Overseas borrowings of Indian companies jumped nearly 50% in the six months ended 30 September
  • Banks are still the source of funds for firms, and ECBs made up just 12% of their total borrowings in fiscal 2019

Paul Stroud, chief commercial officer, Triumph Motorcycles.
Paul Stroud, chief commercial officer, Triumph Motorcycles.

Bajaj-Triumph JV to make only Triumph branded bikes

  • In August 2017, the two companies had announced a partnership to develop and manufacture midsized motorcycles
  • Bajaj it is understood has given critical inputs to Triumph on engine specifications and motorcycle categories and once the prototypes are finalized for India

(Photo: Bloomberg)
(Photo: HT)
(Photo: Reuters)
Debt funds could be your alternative to FDs as they manage risks better and have the potential to generate better returns.
Debt funds could be your alternative to FDs as they manage risks better and have the potential to generate better returns.

Five ways in which debt funds score over fixed deposits (FDs)

  • When compared to FDs, debt funds manage risks better, are more liquid and have the potential of giving better returns in a tax-efficient manner
  • Risk of concentration is high in fixed deposits where investors run the risk of losing it all if things go wrong

Not every child entitled to mid-day meals gets it. A survey shows  82% children in govt schools received mid-day meals (Photo: Mint)
Not every child entitled to mid-day meals gets it. A survey shows  82% children in govt schools received mid-day meals (Photo: Mint)

The case for mid-day meals for all

New data on the poor nutritional status of school-going children and adolescents in the country makes a case for a broader mid-day meal programme

An Indian Sikh pilgrim at the Darbar Sahib Gurdwara in Kartarpur, Pakistan. (PTI)
PSU banks saw growth fall from 8% to 5% year-on-year, while private sector bank growth was down from 22% to 14%. (Mint)
PSU banks saw growth fall from 8% to 5% year-on-year, while private sector bank growth was down from 22% to 14%. (Mint)

Credit crunch worsens as loan growth slows to 6% in Q2

  • NBFCs saw a 36% drop in loan disbursements, while growth in bank loans slowed to 8%, says Credit Suisse report
  • For NBFCs, as well, retail asset quality held up, while wholesale NPAs saw some increase

Negotiations between Novelis and the justice department currently hinge on the rolling mill at Lewisport, Kentucky, and its 200 kilotonne automotive finishing line. (Reuters)
Negotiations between Novelis and the justice department currently hinge on the rolling mill at Lewisport, Kentucky, and its 200 kilotonne automotive finishing line. (Reuters)

Aditya Birla Group expects Aleris deal to close by 21 January

  • On 1 October, European Commission approved Novelis’ proposed acquisition of Aleris
  • The approval is conditional on the sale of Aleris’s plant in Belgium that produces aluminium

Shares of Hindalco Industries on BSE fell 1.8% on Monday to  ₹200.40 (Photo: Mint)
(Photo: Bloomberg)
The company continued to premiumise its biscuits portfolio during the quarter and launched new flavours for some of its existing brands (Photo: Mint) (Mint)
The company continued to premiumise its biscuits portfolio during the quarter and launched new flavours for some of its existing brands (Photo: Mint) (Mint)

Britannia Industries Q2 net profit jumps 33% to 403 cr

  • The company reported a 7% jump in total revenue at 3,117 crore
  • There was an inordinate increase in milk prices during the quarter, which impacted dairy business, said Britannia Industries MD Varun Berry

A file photo of Travis Kalanick ( Photo: Bloomberg)
A file photo of Travis Kalanick ( Photo: Bloomberg)

Travis Kalanick sells 20% of his stake in Uber after lockup

  • Kalanick, a director at Uber, sold 20.3 million shares worth about $547 million that were held in a trust
  • Uber shares have tumbled 40% since the IPO, dropping the San Francisco-based firm’s value from almost $76 billion at its listing to about $46 billion

Photo: Pradeep Gaur/Mint
Photo: Pradeep Gaur/Mint

Opinion | India is making dramatic strides in addressing extreme poverty

The state will need to develop the capacity to meet evolving public aspirations and also embrace private sector participation

Finance Secretary Rajiv Kumar (Photo: PTI)
(Photo: AP)
(Photo: AP)

Centre justifies Article 370 decision in Supreme Court

  • Centre said militants and separatist elements, with the support of foreign forces inimical to India, were taking advantage of the situation
  • In its reply to the batch of petitions, the Centre said that Article 370, in its original form, was a temporary provision with respect to J&K

Photo: Mint
Shiv Sena President Uddhav Thackeray along with Yuva Sena Chief Aaditya Thackeray. (PTI)
Shiv Sena President Uddhav Thackeray along with Yuva Sena Chief Aaditya Thackeray. (PTI)

Opinion | The muddle in Mumbai

Shiv Sena’s relations with the BJP, its three-decade old ally, now seem irreparable; and the former is counting on the support of the NCP and Congress

Founded in 2010, CPG’s expertise lies in providing KYC (know your customer) and anti-money laundering services (Photo: Reuters)
Industrial output in September contracted 4.3% from a year earlier, pushed down by a broad-based decline in mining, manufacturing and electricity (Photo: Reuters)
Industrial output in September contracted 4.3% from a year earlier, pushed down by a broad-based decline in mining, manufacturing and electricity (Photo: Reuters)

Opinion | IIP: A turn for the worse

A big concern is last month’s 20.7% decline in the output of capital goods

The government’s funding of  ₹25,000 crore will only be able to provide relief to 30-40% of stressed projects
BSNL is looking at savings of about  ₹7,000 crore in wage bill
Photo: Pradeep Gaur/Mint
Photo: Pradeep Gaur/Mint

Indiabulls Real Estate pares debt through asset sales

  • IBREL completes the strategic divestment of its 50% stake in the JV portfolio to the entities controlled by Blackstone for an equity value of Rs2,717 crore
  • The company will do regular sales from the under construction office properties to investors and deploy funds to acquire land parcels/unfinished projects for development

It is a highly competitive market. (iStockphoto)
Delhi residents blame farmers for opting for CRB instead of environment-friendly ways to remove crop residue. (PTI)
Delhi residents blame farmers for opting for CRB instead of environment-friendly ways to remove crop residue. (PTI)

Opinion | Ronald Coase has a solution for Delhi’s air pollution

Creating an open market for trading permits to burn crop stubble can encourage safer alternatives

Photo: Priyanka Parashar/Mint
Photo: Priyanka Parashar/Mint

PVR launches Delhi’s biggest superplex

  • The superplex includes one IMAX screen, one 4 DX screen, two premium LUXE auditoriums, seven mainstream and one auditorium dedicated to children- PVR Playhouse
  • PVR has spent an estimated 70 crore on the property