Former Infosys CFO and multi-sector investor T V Mohandas Pai
Former Infosys CFO and multi-sector investor T V Mohandas Pai

India has wage problem, not job problem: Mohandas Pai

  • Former Infosys CFO said a lot of 10,000- 15,000 low paid jobs being created do not find favour with degree holders
  • Pai suggested that India adopt the Chinese model of opening up labour-intensive industries and building infrastructure near coasts

Finance minister Nirmala Sitharaman and minister of state Anurag Thakur hold a pre-budget consultation meeting with representatives of the financial sector and capital markets in New Delhi. (Photo: PTI)
Vedanta Resources chairman Anil Agarwal. Pradeep Gaur/Mint
Vedanta Resources chairman Anil Agarwal. Pradeep Gaur/Mint

Vedanta lost $200 mn in profits in one year of Tuticorin plant shutdown: Agarwal

  • Agarwal added that the stoppage of production at the Tuticorin plant of the firm's unit Sterlite led to the country having to import copper
  • The Tamil Nadu government had in May last year ordered permanent shutdown of the copper smelter after bloody protests at the plant in Thoothukudi

A view of a flooded road after Monsoon rains in Kochi.
A file photo of Prime Minister Narendra Modi
Dr. RV Asokan Honorary Secretary-General of Indian Medical Association along with other doctors addresses a press conference highlighting the issue of violence against doctors in West Bengal at IMA Headquarters in New Delhi.  (ANI )
Dr. RV Asokan Honorary Secretary-General of Indian Medical Association along with other doctors addresses a press conference highlighting the issue of violence against doctors in West Bengal at IMA Headquarters in New Delhi. (ANI )

IMA to hold nationwide protest on Monday against attack on doctors

  • The violence following the attack on resident doctor Paribaha Mukherjee in West Bengal has been allowed to deteriorate into a major law and order situation
  • IMA, however, demanded a comprehensive central law in dealing with violence on doctors and healthcare staff, and in hospitals

People walk past a Punjab National Bank branch in Mumbai. (Photo: Reuters)
Vighnesh Shahane and wife Jyotsna work together to make their children, Ishaan and Aastha, financially conscious. ( Photo: Niruddha Chowdhury/Mint)
Vighnesh Shahane and wife Jyotsna work together to make their children, Ishaan and Aastha, financially conscious. ( Photo: Niruddha Chowdhury/Mint)

Father's Day: Dad, don’t throw a money googly

  • Four tips to set you, as a father, on the right path when it comes to kids and finances
  • You are not doing enough if you are saving but not investing wisely... if it’s too much of an ask, work with a planner

 (iStock)

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 (Photo: Mint)
Bharat Dhawan got an iPad for his father Vijay to help him transact online because it’s easy to use. (Photo: Ramesh Pathania/Mint)
Bharat Dhawan got an iPad for his father Vijay to help him transact online because it’s easy to use. (Photo: Ramesh Pathania/Mint)

Father's Day: Help your parent go digital, financially

  • Make sure you warn your dad about phishing apps and tell him how not to expose financial data to fraudsters
  • This Father’s Day, here’s how you can help your dad adapt to new technology and use it to his advantage

 (iStock)
 (iStock)
Kshitiz Gautam was the sole breadwinner of the family even before his wife left the family, but he worries about his two-year-old daughter Ghaaniya’s emotional health. (Photo: Rajnish Katyal/Mint)
Kshitiz Gautam was the sole breadwinner of the family even before his wife left the family, but he worries about his two-year-old daughter Ghaaniya’s emotional health. (Photo: Rajnish Katyal/Mint)

Father's Day: How single fathers can strike a balance

  • Taking care of a child, emotionally and financially, can be taxing
  • While juggling between the roles of a mother and a father, gaining control over your emotions and finances is a must

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The Dara chatbot helps you connect with potential collaborators.

Now, a creative bot for artists

1 min read . 10:30 AM IST

Bold colours for men’s dress shoes

1 min read . 10:15 AM IST
Salma Yusuf Husain says the technique of slow cooking can be traced back to the Mughal reign. Pradeep Gaur/Mint

A royal feast

5 min read . 10:00 AM IST
Ginger soy honey dressing. Photographs by Nandita Iyer

Why ginger will never lose its zing

4 min read . 09:45 AM IST
 (Photo: PTI)
A file photo of Saudi Crown Prince Mohammed bin Salman. (AFP)
A file photo of Saudi Crown Prince Mohammed bin Salman. (AFP)

Saudi Crown Prince says Aramco's planned IPO is on track

  • Mohammed Bin Salman said Aramco will go through with an initial public offering as soon as next year, though no decision has been made on where the stock will trade
  • The world’s top crude exporter aims to offer Aramco stock on its domestic exchange

This picture taken on March 14, 2019 shows compacted aluminium cans at a waste centre in the town of Kamikatsu, Tokushima prefecture. - Plastic, paper, metal? In Japan's Kamikatsu, sorting rubbish isn't that simple. Residents face a mind-boggling 45 separate categories for their garbage as the town aims to be 'zero-waste' by 2020. (AFP )
This picture taken on March 14, 2019 shows compacted aluminium cans at a waste centre in the town of Kamikatsu, Tokushima prefecture. - Plastic, paper, metal? In Japan's Kamikatsu, sorting rubbish isn't that simple. Residents face a mind-boggling 45 separate categories for their garbage as the town aims to be 'zero-waste' by 2020. (AFP )

Getting to zero: The Japan town trying to recycle all its waste

  • The categories cover everything from pillows to toothbrushes as the town aims to recycle all its waste
  • The process can be onerous -- not only are there dozens of separate categories, but items like plastic bags and bottles must be washed and dried to facilitate recycling

BoB plans to raise  ₹11,900 crore during the current fiscal through share sale. (HT )
BoB plans to raise 11,900 crore during the current fiscal through share sale. (HT )

Finance Ministry assessing capital needs of PSU banks

  • Many banks, including SBI and Bank of Baroda, have already got the board approval for capital raising as and when required
  • As far as their own resource mobilisation are concerned, sources said, they are unable to tap capital market because of their low share prices

 (iStock)

Opinion | Is there really such a thing as a culture of free speech?

With reasoned argument rare, we are heading towards becoming the most polarized society ever

A file photo of US President Donald Trump
A file photo of US President Donald Trump

Opinion | Trump’s trade tantrums and a delicate balancing act for India

A retaliation by India could provoke more US action, but not acting too could be perceived as a sign of weakness

A few days ago, there was an astonishing photograph of more than 300 climbers on Everest lining up to stand on the summit. The overcrowding resulted in deaths.
A few days ago, there was an astonishing photograph of more than 300 climbers on Everest lining up to stand on the summit. The overcrowding resulted in deaths.

Opinion | How to avoid being fooled by the lure of prestige

Prestige becomes worthless when a society becomes so fair that many have a fair shot at it

FPIs remain net buyers in June, invest 11,132 crore

  • FPI pumped in a net sum of 1,517.12 crore into equities and 9,615.64 crore into debt during 3-14 June, the data showed
  • Prior to this, FPIs had invested a net 9,031.15 crore in May, 16,093 crore in April, 45,981 crore in March and 11,182 crore in February in the capital markets

Woman runs for shelter during rain in Ahmadabad. (AP Photo)
 (Photo: Indranil Bhoumik/Mint)
New Delhi repeatedly delayed raising tariffs as the two nations engaged in trade talks (Mint file)
TDP chief Chandrababu Naidu. (Photo: PTI)
 (Photo: Mint)
Prime Minister Narendra Modi chairs the fifth meeting of the NITI Aayog's Governing Aayog, in New Delhi on Saturday (ANI)
Doctors participate in a rally in protest against an attack on a junior doctor in West Bengal, at AIIMS in New Delhi on Saturday (PTI)
Doctors participate in a rally in protest against an attack on a junior doctor in West Bengal, at AIIMS in New Delhi on Saturday (PTI)

West Bengal doctors in no mood to relent despite CM Mamata Banerjee's offer

  • Chief minister Mamata Banerjee urged agitating doctors to resume work and said her government had accepted all their demands
  • Bengal governor KN Tripathi wrote to Mamata Banerjee, advising her to take immediate steps to provide security to the medicos and find out a solution to the impasse

 (Photo: Bloomberg)
Author Amitav Ghosh
 (Photo: AFP)
The government move to tighten audit rules comes in the wake of the collapse of non-bank lender IL&FS. (Photo: Aniruddha Chowdhury/Mint)
The government move to tighten audit rules comes in the wake of the collapse of non-bank lender IL&FS. (Photo: Aniruddha Chowdhury/Mint)

IL&FS case: Independent directors, rating agencies, auditors under Sebi lens

  • Officials said the regulator is also looking into the role of some listed borrowers
  • Sebi has been conducting an in-depth investigation into the role of several entities and individuals

Niti Aayog vice-chairman Rajiv Kumar addresses a press conference after the fifth meeting of the Governing Council of the NITI Aayog, in New Delhi on Saturday (PTI)
Niti Aayog vice-chairman Rajiv Kumar addresses a press conference after the fifth meeting of the Governing Council of the NITI Aayog, in New Delhi on Saturday (PTI)

Niti Aayog sets up task force to brainstorm on agriculture reforms

  • The task force will include state chief ministers and central ministers. The timeframe for making recommendations will be announced shortly
  • The task force will examine ways of improving productivity in farming and the changes needed in legislation

A person being injured after a poll violence during the fourth phase of Lok Sabha election at Bardhaman in West Bengal
West Bengal chief minister Mamata Banerjee (Mint file)
West Bengal chief minister Mamata Banerjee (Mint file)

Take immediate steps to ensure security for doctors, WB governor advises CM

  • Chief minister Mamata Banerjee said that she apprised the governor about the steps taken by the state government to resolve the impasse in hospitals
  • Governor Keshari Nath Tripathi advised her to take the doctors into confidence about the arrangements of their security

Retail sales of PVs fell by just 1% y-o-y, with manufacturers cutting wholesale dispatches
Retail sales of PVs fell by just 1% y-o-y, with manufacturers cutting wholesale dispatches

Production cuts restrict decline in retail sales of vehicles to 7.5% in May

  • Demand slump in both urban and rural markets led to a year-on-year decline of 8.6% in sales of two-wheelers
  • Customers’ decision to wait for the general elections results before making a big-ticket purchase, also contributed to the demand slowdown

Pakistan cricket fan
Fishing boats parked at Veraval Port.  (PTI)
Imports too rose by 4.31% to $5.35 billion, widening the trade deficit to $15.36 billion in May. (AP)
Imports too rose by 4.31% to $5.35 billion, widening the trade deficit to $15.36 billion in May. (AP)

May trade deficit widens to a six-month high

  • Rising crude oil prices could further increase imports and put pressure on India’s current account deficit
  • Rising crude oil prices, amid sanctions on Iranian oil imports, could further increase imports and put pressure on India’s current account deficit

 (Illustration: Sudhir Shetty)
Civil aviation minister Hardeep Singh Puri meets Managing Director of Kotak Mahindra Bank Uday Kotak during the Confederation of Indian Industry (CII) National Council Meeting in New Delhi (Photo: PTI)
Civil aviation minister Hardeep Singh Puri meets Managing Director of Kotak Mahindra Bank Uday Kotak during the Confederation of Indian Industry (CII) National Council Meeting in New Delhi (Photo: PTI)

Government promises to fix issues plaguing Indian airline industry

  • Civil aviation minister Hardeep Singh Puri says domestic carriers deserve a level playing field
  • There has also been an airline capacity shortage problems following the grounding of Jet Airways

US President Donald Trump (AFP file)
US President Donald Trump (AFP file)

Opinion | Trump’s trade tantrums and a delicate balancing act for India

A retaliation by India could provoke more US action, but not acting too could be perceived as a sign of weakness

Huawei Technologies Co. (AP)
Huawei Technologies Co. (AP)

Huawei to countries: Welcome us in and we'll invest big time

  • Huawei will invest heavily in those countries where we are welcome: Andrew Williamson vice president—public affairs and communications, Huawei
  • Huawei is working with every major carrier, including AT&T Inc. and America Movil SAB

GOQii health devices would again be available on Flipkart (Mint file)
GOQii health devices would again be available on Flipkart (Mint file)

Flipkart, GOQii settle dispute over sharp discounting

  • GOQii, a seller of smartwatch-type health devices, sued Flipkart last month, alleging its devices were discounted by around 70% to the retail price, much more than the two sides had agreed
  • The court had, as an interim measure, ordered device sales to be halted on Flipkart

In the run-up to the Brexit referendum, the “Remain” campaign focused entirely on the economic costs of leaving the European Union (Reuters file)
In the run-up to the Brexit referendum, the “Remain” campaign focused entirely on the economic costs of leaving the European Union (Reuters file)

Opinion | How populists gain electoral traction and win

Populism appeals to the growing cohort of those who are disillusioned with existing arrangements

US President Donald Trump (Reuters file)
India cricket team. (Photo:Reuters)
Ivanka Trump and Jared Kushner. Photo: AFP
India's Yuzvendra Chahal (2L) celebrates with teammates India's Hardik Pandya (C) Rohit Sharma (L) and captain Virat Kohli (R) after dismissing Australia's David Warner during the 2019 Cricket World Cup. (Photo: AFP)
India's Yuzvendra Chahal (2L) celebrates with teammates India's Hardik Pandya (C) Rohit Sharma (L) and captain Virat Kohli (R) after dismissing Australia's David Warner during the 2019 Cricket World Cup. (Photo: AFP)

ICC cricket World Cup 2019: Predicted India line-up against Pakistan

  • The match between the two nations at the 1999 cricket World Cup was also played at Old Trafford, Manchester; where India went on to beat Pakistan by 47 runs
  • India have never lost to Pakistan in a World Cup match

Owners of affected Pioneer 1000 units should contact a certified dealer. Photo: Bloomberg
Owners of affected Pioneer 1000 units should contact a certified dealer. Photo: Bloomberg

American Honda recalling all 2016-2019 Pioneer 1000 vehicles

  • Japanese automaker cited a possible malfunctioning with the side-by-side vehicle’s throttle pedal which could result in 'loss of vehicle control'
  • Earlier this year, Honda said it would recall more than a million vehicles in the US to replace a batch of faulty air bag parts

 (Photo: iStock)
(Photo: iStock)

Know your equity, debt funds

  • The average one-year returns of close ended schemes are 6.86% and three-year returns are 8.97%
  • The average one-year return of open-ended debt schemes is 8.06%, three-year returns 7.2% and average five-year returns is 7.85%

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman chairing the Pre-Budget consultation with the Economists, in New Delhi on Friday. Vice-Chairman NITI Aayog Dr. Rajiv Kumar is also seen.  (ANI )
Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman chairing the Pre-Budget consultation with the Economists, in New Delhi on Friday. Vice-Chairman NITI Aayog Dr. Rajiv Kumar is also seen. (ANI )

Nirmala Sitharaman meets economists for budget suggestions

  • Sitharaman is expected to present budget on 5 July
  • Economists present at the meeting suggested reforms pertaining to import duty, maintaining fiscal consolidation

Historically, an average of 40% of the total spectrum put up for sale has been sold (Photo: Mint)
Escalations that materially disrupt Middle East oil supplies are relatively rare. Photo: Reuters
Pakistan's Babar Azam bats during an indoor net session at Old Trafford Cricket Stadium in Manchester. (AFP )
Pakistan's Babar Azam bats during an indoor net session at Old Trafford Cricket Stadium in Manchester. (AFP )

A Pak batsman has a strategy to defeat India: Watching Virat Kohli's videos

  • Pakistan suffered a 124-run defeat against India in the opening match of the Champions Trophy but hit back by crushing their arch-rivals in the final
  • Babar said his side would take inspiration from their Champions Trophy final victory over India two years ago

The company would seek approval on the appointments at the ensuing 32nd Annual General Meeting of the company on 31 July, 2019. (Aniruddha Chowdhury/Mint)
The company would seek approval on the appointments at the ensuing 32nd Annual General Meeting of the company on 31 July, 2019. (Aniruddha Chowdhury/Mint)

TechM to appoint Shikha Sharma, Haigreve Khaitan as independent directors

  • The company would seek approval on the appointments at the ensuing 32nd Annual General Meeting of the company on 31 July
  • Tech Mahindra also said that R Ravi Kulkarni and Anupam Puri, who are currently independent directors on the board, have opted not to be re-appointed