Photo: Mint
(From left to right) Doug McMillon, CEO of Walmart, which owns Flipkart; Mukesh Ambani, chairman and MD of RIL; Jeff Bezos, CEO of Amazon
(From left to right) Doug McMillon, CEO of Walmart, which owns Flipkart; Mukesh Ambani, chairman and MD of RIL; Jeff Bezos, CEO of Amazon

The reality behind Reliance’s retail rush

  • Flush with funds, Reliance Retail has trained its sights on the Flipkart-Amazon duopoly. How will it fare?
  • Reliance will find it tough to break the dominance of Amazon and Flipkart, similar to how Walmart is struggling to challenge Amazon in digital sales in the US even as its stores continue to prosper

Representational image (Photo: AP)

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(FILES) This file photo illustration taken shows the logo of the social network application TikTok (L) and a US flag (R) (AFP)
Chemcon Speciality Chemicals shares are likely to get listed on October 1
The IPO of CAMS had closed on September 23
UTI Mutual Fund manages 153 mutual fund schemes
Tata Sons chairman N. Chandrasekaran is leading the fundraising talks.  (Mint)
Tata Sons chairman N. Chandrasekaran is leading the fundraising talks. (Mint)

Tata taps wealth funds to buy out Shapoorji stake

  • The Mistry family’s stake, held through two investment firms, is estimated to be 1.5 trillion, according to the valuations submitted to the Supreme Court
  • N. Chandrasekaran, chairman of Tata Sons, is leading the talks with potential investors

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Paddy procurement begins at a 'mandi' in Amritsar on Sunday as State Government ordered to start procurement.  (ANI)
The government’s efforts to educate the masses about covid-19 has boosted sales, say industry experts.reuters
Cairn Energy began similar arbitration proceedings against India in 2015 under the UK-India bilateral investment treaty. (HT)
Cairn Energy began similar arbitration proceedings against India in 2015 under the UK-India bilateral investment treaty. (HT)

Vodafone  ruling may set precedent  for other cases

  • Cairn Energy had done an internal share transfer and reorganization in 2006. India in 2014 applied the new retrospective tax to this transaction and barred Cairn Energy from selling its 10% stake in Cairn India
  • The setback may prompt the Indian govt to renegotiate certain investment treaties

Sebi chairman Ajay Tyagi outlined the four proposals that can help improve liquidity in the corporate bond market (MINT_PRINT)
Sebi chairman Ajay Tyagi outlined the four proposals that can help improve liquidity in the corporate bond market (MINT_PRINT)

Sebi plans to reduce risks in debt funds

  • The markets regulator has come out with four proposals to introduce safeguards that may eventually help mitigate liquidity risk in these mutual funds
  • There are concerns that the rules may trigger the flight of institutional investors from debt funds

Healthcare staffers work in a lab on coronavirus testing kits at the Clinica CEMTRO in Madrid, Spain. (AP)
Healthcare staffers work in a lab on coronavirus testing kits at the Clinica CEMTRO in Madrid, Spain. (AP)

How coronavirus has spread across the world

  • The Sars-CoV-2 virus which causes the illness known as Covid-19 first spread rapidly in China, particularly in the province of Wuhan
  • India has been the worst hit, recording more than 90,000 deaths so far

Cyber criminals are approaching customers via WhatsApp calls and messages, SBI has informed bank customers. (Mint)
Cyber criminals are approaching customers via WhatsApp calls and messages, SBI has informed bank customers. (Mint)

SBI warns account holders of fake WhatsApp calls and messages

  • SBI, in a tweet, stated, 'Customers are now being targeted on WhatsApp. Don't let cyber criminals fool you! Please be aware and stay vigilant'
  • From time-to-time, State Bank of India (SBI) keeps sharing safety tips with its customers.

The bank is in desperate need of capital and is in talks with the Clix Group for a merger. (HT)
The bank is in desperate need of capital and is in talks with the Clix Group for a merger. (HT)

Three-member panel to run Lakshmi Vilas Bank

  • The panel will exercise the discretionary powers of the chief executive and will be headed by existing independent director Meeta Makhan, the bank said in a statement
  • The other two members of the panel are Shakti Sinha and Satish Kumar Kalra, who are also independent directors on the bank’s board

Representative photo: Ena Respiratory said it would be ready to test INNA-051 in human trials in less than four months (AFP)
Representative photo: Ena Respiratory said it would be ready to test INNA-051 in human trials in less than four months (AFP)

Australian firm says its nasal spray reduced coronavirus growth in animal study

  • Ena Respiratory said it would be ready to test INNA-051 in human trials in less than four months, subject to successful toxicity studies and regulatory approval
  • A study on ferrets showed the product dubbed INNA-051, which could be used complementary to vaccines, lowered the levels of the virus

India’s economy contracted 23.9% in the June quarter as a result of a double whammy of demand contraction and supply shock following the countrywide lockdown. HT
Photo: Mint
U.S. President Donald Trump speaks to reporters during a news conference inside the James S. Brady Briefing Room at the White House (REUTERS)
U.S. President Donald Trump speaks to reporters during a news conference inside the James S. Brady Briefing Room at the White House (REUTERS)

Trump frequently paid no federal income taxes in years leading up to presidency

  • Donald Trump's consistent refusal to release his taxes has been a departure from standard practice for presidential candidates
  • The disclosure of previously private tax information came little more than a month before the Nov. 3 election between Trump and Democrat Joe Biden

Software services firms have seen demand for cloud computing and cybersecurity services rise after the pandemic.mint
Software services firms have seen demand for cloud computing and cybersecurity services rise after the pandemic.mint

India Inc eyes overseas M&A transactions

  • Firms with strong balance sheets chase acquisitions abroad
  • Except for 2018, when firms acquired assets abroad worth $12.9 billion, outbound M&As have slid into the slow lane, shows Refinitiv data

The company has over 60 experience centres called Pepperfry Studios across cities. (Mint)
The company has over 60 experience centres called Pepperfry Studios across cities. (Mint)

Pepperfry nears break-even, aims for IPO in 12-18 months

  • The Mumbai-based Pepperfry’s IPO plans come at a time when discretionary spends across sectors, including furniture retail, have been affected by the coronavirus lockdown and economic distress
  • The company has more than 60 experience centres called Pepperfry Studios across cities

SAD leaders led by Sukhbir Singh Badal extended support to all initiatives, agitation or lockdowns announced by farmers. PTI
U.S. President Donald Trump speaks during a campaign event in Middletown, Pennsylvania, U.S.,  (REUTERS)
U.S. President Donald Trump speaks during a campaign event in Middletown, Pennsylvania, U.S., (REUTERS)

Trump income tax allegations add fuel to pivotal first debate

Trump is readying for a key moment in the campaign when he comes face to face with his Democratic opponent Joe Biden for the first time at a live debate on Tuesday

Passengers wearing face masks following the coronavirus disease (COVID-19) outbreak line up with luggages at the Beijing Daxing International Airport. (REUTERS)
Passengers wearing face masks following the coronavirus disease (COVID-19) outbreak line up with luggages at the Beijing Daxing International Airport. (REUTERS)

Global coronavirus death toll cross one million mark: Report

  • The pandemic has ravaged the global economy, inflamed geopolitical tensions and upended lives globally
  • The United States has the highest death toll with more than 200,000 fatalities followed by Brazil, India, Mexico and Britain

RBI may focus on keeping bond yields contained, say analysts.
RBI may focus on keeping bond yields contained, say analysts.

RBI likely to keep rates unchanged

The consumer price inflation for August stood at 6.69%, above the top end of RBI’s medium-term target range of 2-6% for the fifth consecutive month amid supply disruptions

CNG uses natural gas as an input. Photo: Sushil Kumar/HT
President Ram Nath Kovind (HT)
Not much is expected in the direct tax space since the big change of making taxable incomes below  ₹5 lakh tax-free happened in the interim budget in February 2019 (Photo: iStock)
Not much is expected in the direct tax space since the big change of making taxable incomes below 5 lakh tax-free happened in the interim budget in February 2019 (Photo: iStock)

Long-term capital gains are taxed at 20% plus surcharge, education cess

  • If the investment is regarded as a capital asset, the capital gains from the transfer of the foreign investment shall be taxable
  • Also, at the time of maturity there could be a potential tax implications, depending on the type of investment

Lakshmi Vilas Bank
Photo: Mint
That IPL 2020 materialized is a dream come true for fantasy sports startups because they depend on mega events to engage fans who pay money to enter contests linked to performances of real players.  (Photo: PTI)
That IPL 2020 materialized is a dream come true for fantasy sports startups because they depend on mega events to engage fans who pay money to enter contests linked to performances of real players. (Photo: PTI)

Mega events add speed to fantasy sports startups’ race for users

Dream11 raised $225 million in funding recently from Tiger Global and others on top of its $100 million round in 2018, which was led by Chinese gaming and social media giant Tencent

Anand Roy Managing director Star Health and Allied Insurance
Anand Roy Managing director Star Health and Allied Insurance

‘There is a case for the tenure of Covid-19 policies to be extended’

In a conversation with Mint, Anand Roy talks about what’s worked for the insurer in terms of growth, the impact of covid-19 claims on its business, and how it is dealing with healthcare providers to control costs

Car sales rose 11.8% to 1,98,811 units as against 1,77,829 units in August 2016, according to data released by the Society of Indian Automobile Manufacturers (Siam). Photo: Reuters
Car sales rose 11.8% to 1,98,811 units as against 1,77,829 units in August 2016, according to data released by the Society of Indian Automobile Manufacturers (Siam). Photo: Reuters

What a car loan costs you

Car loans are usually of three to five years but some lenders may offer loans for up to seven years too

File photo of eminent economist Isher Judge Ahluwalia  (PTI)
The IPO issue of 3,05,99,017 equity shares of Mazagon Dock will open for subscription on Tuesday, September 29 and will close on October 1. (Photo: Hindustan Times)
Passengers wearing face masks following the coronavirus disease (COVID-19) outbreak walk with luggages at a terminal hall of the Beijing Daxing International Airport ahead of Chinese National Day holiday, in Beijing, China September 25, 2020. REUTERS/Carlos Garcia Rawlins (REUTERS)
Passengers wearing face masks following the coronavirus disease (COVID-19) outbreak walk with luggages at a terminal hall of the Beijing Daxing International Airport ahead of Chinese National Day holiday, in Beijing, China September 25, 2020. REUTERS/Carlos Garcia Rawlins (REUTERS)

Sick of staying home: China expects a Golden Week tourism rebound

  • The holiday to mark modern China's founding is traditionally one of its busiest times for travel, and not just at home
  • Last year, 782 million trips were made, with more than 7 million people travelling abroad, according to government data

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