Sashidhar Jagdishan will take charge of HDFC Bank on 27 October in one of the most-watched corner office changes in corporate India. He replaces founder CEO Aditya Puri
Sashidhar Jagdishan will take charge of HDFC Bank on 27 October in one of the most-watched corner office changes in corporate India. He replaces founder CEO Aditya Puri

Inside HDFC Bank’s old-new playbook

Incoming CEO Sashidhar Jagdishan inherits a bank in fine fettle. Where will he take it from here?

The Facebook logo is displayed on a mobile phone in this picture illustration taken. (REUTERS)
Children watch online lectures on mobile phones, inside a digital mobile education library
Children watch online lectures on mobile phones, inside a digital mobile education library

The three-lane highway that leads to a self-reliant India

Mumbai’s free mobile library is helping children from poor households access online education.

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All existing visas, barring electronic, tourist and medical ones, will be restored with immediate effect. (Reuters)
All existing visas, barring electronic, tourist and medical ones, will be restored with immediate effect. (Reuters)

India's new visa rules: Who is allowed and who is not in 10 points

  • As India eased visa and travel restrictions imposed due to Covid, the Home Ministry said that OCI card holders and foreign nationals can visit India for any purpose, except on tourist and electronic visas

Vice chairman of Niti Ayog Rajiv Kumar.
The human trials of Covaxin has begun at the All India Institute of Medical Sciences
Within a year of getting into sports management, in 2012, Mustafa Ghouse had become the head of JSW Sport
Within a year of getting into sports management, in 2012, Mustafa Ghouse had become the head of JSW Sport

Playing a second innings in business

From risk-taking to building resilience and making quick decisions, athletes share how their sports skills prepared them for a career in entrepreneurship

Finance minister Nirmala Sitharaman released BJP’s Bihar manifesto.pti

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In the event of no contribution to the PF account, the account continues to earn interest and there will be no loss on account of interest
Delhi Deputy CM Manish Sisodia speaks to media during a press conference, in New Delhi on Tuesday. (ANI Photo)
Delhi Deputy CM Manish Sisodia speaks to media during a press conference, in New Delhi on Tuesday. (ANI Photo)

Delhi govt's festive bonus: Employees can opt for cash equivalent of LTC

  • 'Keeping in mind the hardship of the employees due to the COVID pandemic and lockdown, the government took the decision, Delhi government said in a statement
  • An amount of 10,000 will be paid to the employees as advance, under the initiative

To revive economic growth, while battling the world’s second-worst covid-19 outbreak, India is reopening its borders to international visitors
Metros have seen an impact on value due to this exodus with Bengaluru and Chennai reaching only 80% of pre-covid GMV levels (MINT_PRINT)
L&T Finance made additional provisions of  ₹512 Cr for the September quarter
Anand Mahindra is known for his witty and engaging posts on Twitter.
A view of Rajpath area unseen due to smog as the air quality deteriorates in the national capital with rising of pollutants in the atmosphere, in New Delhi on Wednesday. (ANI PHOTO)
A view of Rajpath area unseen due to smog as the air quality deteriorates in the national capital with rising of pollutants in the atmosphere, in New Delhi on Wednesday. (ANI PHOTO)

Delhi's air quality in 'very poor' category, to deteriorate in next 2 days

  • According to the CPCB, Delhi's AQI was in 'poor' category on Thursday morning at 254 and it deteriorated to 'very poor' at 302 by evening
  • The share of stubble burning in Delhi's PM2.5 level was nine per cent on Thursday, SAFAR said

World Gold Council’s Somasundaram PR
World Gold Council’s Somasundaram PR

Will the gold rally continue? World Gold Council’s Somasundaram PR answers

Somasundaram PR, MD, India, World Gold Council joined the latest edition of Mint Money Conversation to discuss whether it is prudent for investors to continue investing in gold. Gold has delivered a return of over 25% over the past year and has led to higher investments in gold. However, the question remains, is it safe to assume that the gold rally continue? Watch the full video to find out what Somasundaram PR had to say on the ‘gold rush’.

The company’s bad loan ratios also deteriorated in a big way. Gross bad loans formed 4.29% of total book, a massive surge from 1.4% in the previous quarter.
The company’s bad loan ratios also deteriorated in a big way. Gross bad loans formed 4.29% of total book, a massive surge from 1.4% in the previous quarter.

SBI Card Q2 gives a shock on asset quality even as spends revive fast

  • The company set aside 862 crore as provisions, resulting in a 46% drop in its Sep quarter profit
  • While management said most stress was due to moratorium, analysts see high provisioning in FY21

The total tally of covid-19 cases reached 77,24,212 on Thursday (PTI)
L; Anurag Thakur, Minister of State for Finance and Corporate Affairs, R: Nirmala Sitharaman, Minister of Finance of India
L; Anurag Thakur, Minister of State for Finance and Corporate Affairs, R: Nirmala Sitharaman, Minister of Finance of India

Govt fixes calculation ceiling for non-productivity linked bonus at 7,000

  • Employees of Central para-military forces and armed forces would be eligible for this ad-hoc bonus
  • The Cabinet had on Wednesday decided to give 3,737 crore bonus to 30.67 lakh central government employees to encourage spending during the festive season and add to demand in the economy

The firm plans to use net proceeds from the fresh capital to roll out new restaurants in the country (REUTERS)
The firm plans to use net proceeds from the fresh capital to roll out new restaurants in the country (REUTERS)

Burger King files for IPO, looks to raise 542 crore via fresh issue of shares

  • The company plans to have about 700 restaurants, including sub-franchised outlets by December 31, 2026
  • Investment banks Kotak Mahindra Capital, CLSA India, Edelweiss Financial Services and JM Financial have been appointed to advise the company on the IPO

Bajaj Auto sold 550,194 two-wheelers during Q2FY21
Prime Minister Narendra Modi said his government will ensure all Indians have access to a Covid-19 vaccine as soon it is ready
Prime Minister Narendra Modi said his government will ensure all Indians have access to a Covid-19 vaccine as soon it is ready

Covid-19: Modi govt has set aside 50,000 crore for vaccination, says report

  • Govt estimates an all-in cost of about $6-$7 per person in the nation of 1.3 billion, according to sources
  • The biggest challenge for India will be building up cold-chain logistics to distribute vaccines across India in a short period of time, said Kiran Mazumdar-Shaw

Trump’s first major legislative achievement was a tax reform bill that slashed rates for businesses (REUTERS)
Trump’s first major legislative achievement was a tax reform bill that slashed rates for businesses (REUTERS)

US elections 2020: One way Trump is doing better than expected

  • Trump could be on track to win a higher percentage of African-American votes than any Republican candidate since Bob Dole
  • Trump signed a landmark sentencing reform bill that led to the release of thousands of non-violent offenders

Delhi Deputy Chief Minister Manish Sisodia (PTI)
A scientist works at an antibody laboratory plant. (AFP)
A scientist works at an antibody laboratory plant. (AFP)

Serum Institute joins Merck, IAVI to develop antibodies against coronavirus

  • As per a joint statement by IAVI and Serum Institute, the two monoclonal antibodies were co-invented by IAVI and Scripps Research as an innovative intervention to curb the pandemic
  • Under IAVI’s agreement with Merck and SII, the partners will conduct an accelerated, integrated program of preclinical and clinical research to evaluate the antibodies for treatment of Covid

A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange. (REUTERS)
SBI now offers interest rates starting at 6.90% for a home loan of up to  ₹30 lakh (AP)
An employee disinfects a metro train to prevent the spread of the coronavirus disease (AFP)
An employee disinfects a metro train to prevent the spread of the coronavirus disease (AFP)

Covid-19 reinfections are real. Should you be worried?

  • A wave of fresh outbreaks is causing a spike in new cases worldwide, before any rash of second bouts
  • Reinfections may happen if our immune systems don't consistently mount a strong or durable reaction to the virus

A file photo of a Bajaj Auto factory. Workers want the firm to stop operations at its Aurangabad plant. (Bloomberg)
File photo of Diego Maradona
The WhatsApp app logo is seen on a smartphone in this picture  (REUTERS)
FILE PHOTO: Small toy figures are seen in front of displayed Amazon logo in this illustration  (REUTERS)
Some European banks' retreat from the country in recent years has helped Wall Street banks increase the share of fees (AP)
Some European banks' retreat from the country in recent years has helped Wall Street banks increase the share of fees (AP)

Wall Street banks see rare payday bonanza in India despite pandemic

  • India saw $16.8 billion of M&As in its technology, media, and telecoms sector between January and mid-October
  • U.S. and European banks received 41.9% of the total investment banking fees earned in India

Tamil Nadu Chief Minister Edapaddi K Palaniswami.
Tamil Nadu Chief Minister Edapaddi K Palaniswami.

Will provide Covid vaccine free of cost once ready: Tamil Nadu CM

  • The Tami Nadu government's decision came ahead of next year’s Assembly elections on 7 October
  • Earlier today, FM Sitharaman also announced that the BJP's vision document included the promise of free of cost Covid vaccination for the people of Bihar while releasing the party's manifesto for the state polls

In the first half of the current fiscal, the LPG subsidy given to consumers touched Rs7,500 crore, compared with Rs12,133 crore given in the entire FY2017. Photo: Reuters
In the first half of the current fiscal, the LPG subsidy given to consumers touched Rs7,500 crore, compared with Rs12,133 crore given in the entire FY2017. Photo: Reuters

Govt may shift chunk of FY21 subsidy burden to next fiscal

  • The Centre often rolls over subsidy bill to the next financial year to keep fiscal deficit in check. In FY19, the finance ministry had deferred payment of food subsidy bill of over 69,000 crore to meet the fiscal deficit target of 3.4% of GDP

Serum Institute of India recently commenced the final stage trial of Oxford COVID-19 vaccine in India (AP)
Serum Institute of India recently commenced the final stage trial of Oxford COVID-19 vaccine in India (AP)

COVID vaccine may be ready by year-end, expects govt. A look at vaccine journey

  • At present, three vaccine candidates — Covaxin, ZyCoV-D and Covishield — are at different phases of trial in India
  • The regulator granted permission to Dr Reddy's Laboratories for conducting phase II clinical trials of the Russian COVID-19 vaccine Sputnik V

Bihar Deputy Chief Minister Sushil Kumar Modi speaks to media, in Patna  (ANI)
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