India has the option of enforcing tit-for-tat tariff hikes on 29 US products including almonds, apples and phosphoric acid worth $235 million in response to that measure. (Bloomberg)
India has the option of enforcing tit-for-tat tariff hikes on 29 US products including almonds, apples and phosphoric acid worth $235 million in response to that measure. (Bloomberg)

How India should respond to dispute over tariffs with US

  • The govt can’t ignore the fact that the US is a strategic partner of India
  • The trade war goes further back than the cancellation of the GSP.

Former RBI governor Raghuram Rajan speaks during the release of his book 'The Third Pillar', in New Delhi.  (PTI )
Earlier in the day, L&T made an open offer on Tuesday to acquire a 31% stake in IT services firm Mindtree Ltd for  ₹5,030 crore (Mint)
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Netflix currently offers three monthly plans in India, ranging from  ₹500 to  ₹800
Jet Airways Crisis
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Huawei logo.  (Reuters )
Huawei logo. (Reuters )

EU demands scrutiny of 5G risks but no bloc-wide Huawei ban

  • Huawei has strongly rejected the allegations and launched a lawsuit against the US government
  • The European Union move came despite US pressure to boycott Huawei, citing fears of China using the company's equipment for espionage

Uber recently sold its operations in China, Russia and Southeast Asia to local rivals after sustaining heavy losses (Reuters)
Uber recently sold its operations in China, Russia and Southeast Asia to local rivals after sustaining heavy losses (Reuters)

Uber buys rival Careem in $3.1 bn deal to dominate ride-hailing in West Asia

  • Uber will pay $1.4 billion in cash and $1.7 billion in convertible notes in a deal that gives it full ownership of Careem
  • The acquisition makes Careem a wholly owned subsidiary of Uber and will keep the Careem brand and app intact

Fiscal deficit for 2019-20 has been pegged at  ₹7.04 lakh crore or 3.4% of the GDP (Pradeep Gaur/Mint)
Solar panels. (Reuters )
Photo: PTI
Photo: PTI

Opinion | India on the cusp of another dalliance with fiscal imprudence

Cash doles serve as a weapon for political parties during election campaigns, but at what cost?

Good interpersonal dynamics is the key to smart teams.
Good interpersonal dynamics is the key to smart teams.

How learning to collaborate at work is a habit you should look to cultivate

  • Team dynamics at work should be rooted in the principle of group dynamics, not of victory
  • Interestingly, even companies, and the larger world of work, that is so dependent on collaboration to achieve goals doesn’t train us to become good collaborators

Former RBI Governor Raghuram Rajan release his book 'The Third Pillar' at a function in New Delhi.  (PTI)
Former RBI Governor Raghuram Rajan release his book 'The Third Pillar' at a function in New Delhi. (PTI)

Farm loan waivers kill credit culture, says Raghuram Rajan

  • Several state governments have announced loan waivers for farmers
  • Raghuram Rajan said loan waivers cover only those farmers who have taken loans from the formal system

A man checks his phone outside the Reserve Bank of India (RBI) headquarters.  (Reuters)
A man checks his phone outside the Reserve Bank of India (RBI) headquarters. (Reuters)

Bank branches dealing with government business to remain open this Sunday: RBI

  • All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31
  • RBI said the Government of India has desired that all govt transactions done by agency banks for financial year 2018-19 must be accounted for within the same financial year

With three million barrels per day of crude oil production, Adnoc is the world’s 12th-largest producer (Bloomberg)
Moina Oberoi at her manufacturing unit in Lower Parel, Mumbai. (Photo: Abhijit Bhatlekar/Mint)
Moina Oberoi at her manufacturing unit in Lower Parel, Mumbai. (Photo: Abhijit Bhatlekar/Mint)

Why this Mumbai-based food entrepreneur went with her gut instinct

  • Currently, she has a range of six kefir beverages in various flavours, kefir cream cheese, black garlic and coconut oil under her brand name
  • The kefir cream cheese, which also comes in five flavours, was introduced after one-and-a-half years of research to add to the product range

Vishwadeep Gautam (left) was scouted on Facebook; HR expert Bina Patil says attracting talent via social media is now a given. (Photographs by Jithendra m/Mint)
Vishwadeep Gautam (left) was scouted on Facebook; HR expert Bina Patil says attracting talent via social media is now a given. (Photographs by Jithendra m/Mint)

The hidden plus side of Facebook groups

  • How to use the world’s biggest social network to advance your career
  • With 2.27 billion monthly active users, Facebook is the largest social network on the planet

L&T had Mindtree on its radar for nearly 10 years now (Priyanka Parashar/Mint)
 (AFP )
 (Reuters)
PFC has bought REC share at  ₹139.50 per piece with total acquisition cost of about  ₹14,500 crore. (AP)
PFC has bought REC share at 139.50 per piece with total acquisition cost of about 14,500 crore. (AP)

PFC to pay entire 14,500 crore for REC acquisition on Thursday

  • The deal would help the government meet its disinvestment target of 80,000 crore for the current financial year ending on 31 March
  • PFC has bought REC share at 139.50 per piece with total acquisition cost of about 14,500 crore

Photo: Reuters
Jet has been suffering bruising competition from low-cost airlines, fluctuating crude prices and a weak rupee. (Mint)
Jet has been suffering bruising competition from low-cost airlines, fluctuating crude prices and a weak rupee. (Mint)

Jet Airways may have 80% fleet flying by April-end: Pradeep Kharola

  • Aviation secretary P.S. Kharola says Jet has assured the government that no more planes will be grounded
  • Jet Airways hopeful of flying 40 more planes by end of next month

 (Photo: Mint)
Murli Manohar Joshi.  (PTI )
 (Photo: Pradeep Gaur/Mint)
Trade minister Suresh Prabhu.  (Pradeep Gaur/Mint)
 (Photo: AFP)
Supreme Court of India (Photo: Mint)
With over 240 million user base, Facebook has a significant presence in India. (AFP )

'India now seeing more buyout-style transactions': PwC's Sanjeev Krishan

Transactions involving Indian companies surpassing $100 billion in 2018, trouncing the previous annual records is a landmark for the economy, says Sanjeev Krishan, Private Equity and Deals Leader at PwC India. According to Krishan, India is now increasingly moving towards the global norm of doing more buyout style transaction. He also threw light on how Indian private equity fund managers have gone through a huge learning curve and have finally learnt to saying " No" to deals. This is a marked shift from the time when most of the deals were intermediated and PE fund managers outbid each other on most transactions. 

The equity shares of RVNL are proposed to be listed on the BSE and the National Stock Exchange of India. (iStock)
The equity shares of RVNL are proposed to be listed on the BSE and the National Stock Exchange of India. (iStock)

Rail Vikas Nigam IPO to open on 29 March; price band at 17-19 per share

  • The IPO is expected to raise about 481 crore at the upper end of the price band
  • The offer includes a reservation of 6,57,280 equity shares for eligible employees for allocation and allotment on a proportionate basis

An Airbus A380 of Singapore airlines. (Reuters )
 (Mint)
(Mint)

RBI sets high cut-off premium at debut dollar/rupee swap auction

  • In the inter-bank cross-currency swap, 3-year dollar/rupee swaps were quoted at 7.7 per dollar on Tuesday, implying an annualised cost of 3.7% to swap rupees for dollars
  • Total bids received at the auction were an overwhelming $16.3 billion

 (Mint)
India's Jet Airways Chairman Naresh Goyal speaks during a news conference to announce a code sharing agreement with United Arab Emirates Etihad Airways in Mumbai June 10, 2008. REUTERS/Punit Paranjpe/Files (Reuters)
India's Jet Airways Chairman Naresh Goyal speaks during a news conference to announce a code sharing agreement with United Arab Emirates Etihad Airways in Mumbai June 10, 2008. REUTERS/Punit Paranjpe/Files (Reuters)

Airfares set to stabilise as Jet Airways' rescue plan takes off

  • Airfares which have firmed up in recent weeks are set to stabilise
  • SpiceJet leasing some of Jet's grounded planes will address airline industry's recent capacity reduction

 (Photo: Reuters)
 (@Tejasvi_Surya)
 (Mint)
 (Mint)
Vikas Oberoi, chairman of Oberoi Realty
Vikas Oberoi, chairman of Oberoi Realty

Property tycoon Vikas Oberoi sees boon from liquidity squeeze

  • Defaults last year by IL&FS group triggered a crisis among NBFCs, putting the squeeze on borrowers including home builders
  •  The fallout from the saga may help firms such as Oberoi, the nation’s third-biggest listed developer, to expand shares of a fragmented market

The ruling Telangana Rashtra Samithi (TRS) led by chief minister K. Chandrashekhar Rao swept the Telengana assembly polls last year by winning 88 of the 119 seats (PTI)
The ruling Telangana Rashtra Samithi (TRS) led by chief minister K. Chandrashekhar Rao swept the Telengana assembly polls last year by winning 88 of the 119 seats (PTI)

Tough battle for BJP in Telegu states

  • The prospects in Andhra Pradesh seem bleak as the Centre is being blamed for the state not being accorded the special category status
  • In the Telangana assembly polls last year, the BJP could retain only one of the five seats it had won in 2014

AIMIM chief Asaduddin Owaisi (HT)

Returns on my investments

  • One must also keep in mind the volatility risk of the asset class, liquidity, lock-in rules and taxation
  • Here's a look at how four commonly used asset types—equity, cash, gold and fixed income—have done in different periods