State Bank of India chairman Rajnish Kumar (Mint)
State Bank of India chairman Rajnish Kumar (Mint)

SBI chairman Rajnish Kumar says Yes Bank ‘will not be allowed to fail’

  • SBI chairman Rajnish Kumar’s statement follows speculation that the govt may ask the lender to play a role in bailiing out Yes Bank
  • Yes Bank’s shares have plunged more than 80% over the past year amid worries about its asset quality and uncertainty about its efforts to raise new capital

The salaried class accounts for a big chunk of the returned income by all tax payers (iStock)
The life insurer was able to push its products to more and more customers, faster than competition (Reuters)
The life insurer was able to push its products to more and more customers, faster than competition (Reuters)

SBI Life flexes its market leader muscle in growth but not profitability

  • The country’s largest private life insurer grew its new business premium by 35% for the first nine months of the current financial year
  • In annualised premium equivalent terms, which considers first year premiums and 10% of one-time premiums, SBI Life reported 22% growth

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The 24 October Supreme Court order ended a 14-year legal battle between telcos and DoT
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Individual investors primarily hold equity-oriented schemes while institutions hold liquid and debt oriented schemes. (Mint )
Individual investors primarily hold equity-oriented schemes while institutions hold liquid and debt oriented schemes. (Mint )

New demat accounts climb to 10-year high as retail investors pile into equities

  • A demat account is opened by an investor with a depository participant to invest in securities such as stocks and bonds
  • Assets managed by the mutual fund industry have grown from 24.09 tn in Dec 2018 to 27.26 tn in Dec 2019

A file photo of Punjab and Maharashtra Co-operative Bank account holders protesting outside the Reserve Bank of India building in Mumbai. (Photo: Satyabrata Tripathy/Hindustan Times)
A file photo of Punjab and Maharashtra Co-operative Bank account holders protesting outside the Reserve Bank of India building in Mumbai. (Photo: Satyabrata Tripathy/Hindustan Times)

Just how safe is your bank deposit?

  • There has been a lot of concern around the health of India’s banks. What’s driving this and what should you do?
  • Going by its past track record, RBI will move quickly to save any commercial bank that is failing. But it’s very important that depositors take a few basic precautions

Last month, the DoT also approved the prices for the spectrum auction scheduled to be held by April (Mint)
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Gold prices today: On MCX, gold prices were steady at  ₹39,930 per 10 gram
Customers can now pre-authorize a transaction and pay on a later date with UPI mandate feature. (Mint)
Vadilal has a 7% share of the ice cream and frozen foods market in India. (Photo: Hindustan Times)
Vadilal has a 7% share of the ice cream and frozen foods market in India. (Photo: Hindustan Times)

Vadilal ice cream eyes a 1,000 crore PE flavour

  • The promoters of Vadilal are in advanced talks with two PE firms to sell their entire stake in the ice cream maker
  • Vadilal Industries’ profit was 31 cr, while Vadilal Enterprises posted a profit of 8.9 lakh in the year ended 31 Mar

Like Nil Battey Sannata and Bareilly Ki Barfi, her latest feature, Panga, also explores relationships and family dynamics.
For the music streaming app, this is still just a test (Reuters)
A man (L) uses a thermographic camera to screen the head of people at Netaji Subhash Chandra Bose International Airport in Kolkata. (AFP)
Here is a list of top 10 stocks that may be in focus today. (ANI)
A file photo of the Larsen and Toubro office in Faridabad, near New Delhi. Photo: Priyanka Parashar/Mint (Priyanka Parashar/Mint)
The third largest private sector lender reported robust core income growth and exhibited that it is indeed growing into a strong retail bank. (Mint)
The third largest private sector lender reported robust core income growth and exhibited that it is indeed growing into a strong retail bank. (Mint)

Axis Bank delivers on growth but trouble lingers on the bad loans front

  • The third largest private sector lender reported robust core income growth and exhibited that it is indeed growing into a strong retail bank
  • Axis Bank saw its slippages unexpectedly rise for the December quarter

Bullet journaling lets you lay out all your plans and goals visually
In Mumbai, a litre of petrol comes at a price of  ₹80.25 a litre and diesel  ₹71.15 a litre. If you are in Bengaluru, you will have to pay  ₹77.15 for petrol and  ₹70.12 for diesel.
The revenue department has set a target of  ₹1.15 trillion each for January and February, and  ₹1.25 trillion for March, against the monthly average of  ₹1 trillion so far in FY20. (Photo: Pradeep Gaur/Mint)
The revenue department has set a target of 1.15 trillion each for January and February, and 1.25 trillion for March, against the monthly average of 1 trillion so far in FY20. (Photo: Pradeep Gaur/Mint)

Tax credit curbs pinch biz as revenue officials scramble to meet goals

  • Ensuring a smooth flow of tax credits is essential to the proper working of GST, some tax experts said
  • The revenue department has set a target of 1.15 trillion, each, for January and February, and 1.25 trillion for March, against the monthly average of 1 trillion so far in FY20

Tata Motors MD and CEO Guenter Butschek.  (Photo: PTI)
FILE PHOTO: Hatice Cengiz, fiancee of the murdered Saudi journalist Jamal Khashoggi, and Jeff Bezos, founder of Amazon and Blue Origin, talk as they attend a ceremony marking the first anniversary of Khashoggi's killing at the Saudi Consulate, in Istanbul. (REUTERS)
FILE PHOTO: Hatice Cengiz, fiancee of the murdered Saudi journalist Jamal Khashoggi, and Jeff Bezos, founder of Amazon and Blue Origin, talk as they attend a ceremony marking the first anniversary of Khashoggi's killing at the Saudi Consulate, in Istanbul. (REUTERS)

Jeff Bezos tweets picture of Khashoggi memorial after Saudi hacking report

  • Jeff Bezos tweeted the hashtag #Jamal, along with a photo of himself at a memorial service for Khashoggi held in Istanbul in October
  • Jamal Khashoggi, a Saudi dissident who was living in self-imposed exile in the US, was murdered in Istanbul in October 2018

Big Bazaar’s Republic Day sales event started in 2006.
Traditionally investors wait for a fund to establish a track record before investing. IDFC AMC has urged investors not to do this. (iStock)
Traditionally investors wait for a fund to establish a track record before investing. IDFC AMC has urged investors not to do this. (iStock)

IDFC Mutual Fund bets on small firm valuations, launches small cap fund

  • IDFC Mutual Fund has announced the launch IDFC Emerging Businesses Fund, its small cap fund
  • In its presentation, the AMC has proposed several reasons why investors should invest in the IDFC Emerging Businesses Fund.

Actor Shah Rukh Khan. (IANS)
Photo: iStock
A tax deduction on annuity for senior citizens could make annuity more a pension product
A tax deduction on annuity for senior citizens could make annuity more a pension product

De-clutter, simplify tax law and let the change nudge financial reforms

  • Every year, the budget brings changes that puts an average taxpayer at the mercy of professionals
  • Tax nudge could also clean up the way annuity products are sold

Passengers wear masks to prevent an outbreak of a new coronavirus. (AP)
An army soldier stands on a truck loaded with Akash Missiles during the rehearsals ahead of the Republic Day celebrations, at Rajpath in New Delhi.  (ANI )
An army soldier stands on a truck loaded with Akash Missiles during the rehearsals ahead of the Republic Day celebrations, at Rajpath in New Delhi. (ANI )

Republic Day: Delhi Police issues traffic advisory, avoid these routes today

  • For Republic Day too, no traffic will be allowed on Rajpath from Vijay Chowk to India Gate from 6 pm on Saturday till the parade gets over on Sunday
  • In order to facilitate smooth passage of the Parade, movement of traffic on certain roads leading to the route of the Parade will be restricted

O2 Power will target more than 4GW of installed capacity across solar and wind projects.  (Photo: Bloomberg)
O2 Power will target more than 4GW of installed capacity across solar and wind projects. (Photo: Bloomberg)

EQT, Temasek launch $500 mn renewable energy platform

  • This would be EQT Infrastructure’s first investment in India
  • The investment is in line with EQT’s thematic approach to invest in sustainable solutions, guided by the United Nations’ Sustainable Development Goals

ReNew Power, with about 5.4GW of operational capacity of wind (60%) and solar (40%) power projects, and a project pipeline of 2.6GW, is one of the leading independent renewable power producers in the country. (Photo:  Bloomberg)
ReNew Power, with about 5.4GW of operational capacity of wind (60%) and solar (40%) power projects, and a project pipeline of 2.6GW, is one of the leading independent renewable power producers in the country. (Photo: Bloomberg)

ReNew Power raises $450 million through dollar bonds

  • Firm plans to use the funds to refinance the existing borrowings
  • Attractive yields and liquidity have driven investor interest in Indian companies

One of the immediate effects of MGNREGS should be on wages. Photo: Mint
The Supreme Court refused a stay on the implementation of the Citizenship (Amendment) Act.
Attackers have found a new phishing attack to target Android devices
The staggered return filing solution was proposed by Infosys
The bourses can levy a fine of  ₹25,000 each in cases of non-disclosure of dividend distribution policy in annual reports and on the websites of the entities. (Mint )
The bourses can levy a fine of 25,000 each in cases of non-disclosure of dividend distribution policy in annual reports and on the websites of the entities. (Mint )

Sebi comes out new framework to check non-compliance of listing rules

  • The new framework would come into force with effect from compliance periods ending on or after 31 March, 2020
  • Every bourse is required to review the compliance status of the listed entities within 15 days from the date of receipt of information

Photo: Ramesh Pathania/Mint
Jio reported a dip in voice minutes of usage and average monthly data usage for the first time in the December quarter.
Jio reported a dip in voice minutes of usage and average monthly data usage for the first time in the December quarter.

Reliance Jio’s push for interconnect usage fees a boon for Airtel

  • During this quarter, Jio also reported a dip in voice minutes of usage (MOU) and average monthly data usage for the first time
  • The entry-level Jio Phone set has lower processing capacity and smaller recharge value than a smartphone

Imran Khan said he had discussed the prospect of war between Pakistan and India in a Tuesday meeting with US President Donald Trump
Imran Khan said he had discussed the prospect of war between Pakistan and India in a Tuesday meeting with US President Donald Trump

Davos: Pakistan's Imran Khan calls for UN action on India dispute

  • Imran Khan called for the UN to help mediate between nuclear armed India and Pakistan over Kashmir
  • Khan said his biggest fear was how New Delhi would respond to ongoing protests in India over a citizenship law that many feel targets Muslims

As per the IRCTC's policy  ₹100 are paid for a delay of over an hour and  ₹250 for a delay of over two hours. (REUTERS)
As per the IRCTC's policy 100 are paid for a delay of over an hour and 250 for a delay of over two hours. (REUTERS)

Ahmedabad-Mumbai Tejas Express delayed, passengers to get compensation

  • Ahmedabad-Mumbai Tejas Express reached the Mumbai Central station around 1 hour and 30 minutes late
  • As per the IRCTC's policy 100 are paid for a delay of over an hour and 250 for a delay of over two hours