Reliance Industries Limited chairman Mukesh Ambani  (ANI)
Reliance Jio, a subsidiary of Reliance Industries, posted Q2 results today (MINT_PRINT)

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The telco’s Arpu rose to  ₹119, up from  ₹114 in the June quarter and  ₹107 a year ago
The telco’s Arpu rose to 119, up from 114 in the June quarter and 107 a year ago

Voda Idea may move first on rate hike: CEO

  • Current prices are unsustainable, Takkar tells analysts at a post-earnings call
  • The telco will not shy away from hiking prices and hopes others in industry will follow too: CEO

DLF said it is taking steps to get the rental business ready for a real estate investment trust. (Photo: Mint)
DLF said it is taking steps to get the rental business ready for a real estate investment trust. (Photo: Mint)

DLF's Q2 net profit declines 49% to 228 cr

  • Demand uptick in the residential business will lead to recovery, it said
  • New sales bookings for the September quarter rose to 853 crore from 152 crore in the preceding quarter

The private tutoring industry could be worth more than $100 billion world-wide and online tutoring is a growing part of that.
The private tutoring industry could be worth more than $100 billion world-wide and online tutoring is a growing part of that.
wsj

As covid-19 closes US classrooms, families turn to India for homework help

  • Demand for online study support is fueling business for Indian teachers, who are tutoring American children on everything from calculus to computer programming

A heath worker draws the 'Gam-COVID-Vac', also known as 'Sputnik V', COVID-19 vaccine, developed by the Gamaleya National Research Center for Epidemiology and Microbiology and the Russian Direct Investment Fund (RDIF), from a vial during a post-registration phase trial at the City Clinic #46 in Moscow, Russia, on Wednesday, Sept. 23, 2020. The Russian Direct Investment Fund will sell 32 million doses of Sputnik V to Mexico, with deliveries starting in November, the sovereign wealth fund said in a statement. Photographer: Andrey Rudakov/Bloomberg (Bloomberg)
A heath worker draws the 'Gam-COVID-Vac', also known as 'Sputnik V', COVID-19 vaccine, developed by the Gamaleya National Research Center for Epidemiology and Microbiology and the Russian Direct Investment Fund (RDIF), from a vial during a post-registration phase trial at the City Clinic #46 in Moscow, Russia, on Wednesday, Sept. 23, 2020. The Russian Direct Investment Fund will sell 32 million doses of Sputnik V to Mexico, with deliveries starting in November, the sovereign wealth fund said in a statement. Photographer: Andrey Rudakov/Bloomberg (Bloomberg)

Russian researchers deny reports of Sputnik V trials being temporarily halted

  • Gamaleya director Alexander Ginzburg further explained that the trials continue, with innoculations going on as usual

NCP Chief Sharad Pawar addresses media during a press conference, at YB Chavan in Mumbai on Tuesday. (ANI Photo)
NCP Chief Sharad Pawar addresses media during a press conference, at YB Chavan in Mumbai on Tuesday. (ANI Photo)

Sharad Pawar holds hour-long meeting with Uddhav Thackeray

The meeting took place days after Pawar said that he would discuss with the chief minister the issues of soaring onion prices and flood relief package from the Centre

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(Photo: Mint)
Photo: iStock
Rajesh Bhushan, Secretary, Union Health Ministry  (ANI Photo)
The size of the investment by Lubrizol could not be immediately ascertained (AFP)
Axis bank had initially said it would buy up to 17% instead of its original plan to buy up to 29% (MINT_PRINT)
The CBOE volatility index held at a 20-week high ahead of the final weekend before Election Day on Tuesday (Reuters)
The CBOE volatility index held at a 20-week high ahead of the final weekend before Election Day on Tuesday (Reuters)

Tech stocks knock down Wall Street as Covid cases spiral; Dow falls over 400 pts

  • Apple Inc tumbled about 5.2% after it posted the steepest drop in quarterly iPhone sales in two years due to the late launch of new 5G phones
  • The three main indexes are on course for their worst week since March as spiraling coronavirus cases in the US push hospitals to the brink of capacity

Total supply of gold declined 3% year-on-year as mine production remained depressed, even after Covid-19 restrictions were lifted in producers like South Africa (Photo: Reuters)
Total supply of gold declined 3% year-on-year as mine production remained depressed, even after Covid-19 restrictions were lifted in producers like South Africa (Photo: Reuters)

Central Banks sell gold for 1st time in a decade

Net sales totaled 12.1 tons of bullion in the third quarter, compared with purchases of 141.9 tons a year earlier, according to a report by the World Gold Council

A file photo of NITI Aayog building (Photo: PTI)
A file photo of NITI Aayog building (Photo: PTI)

Niti Aayog releases draft model Act on land titles

The model Act and rules will provide state governments power to order for establishment, administration and management of a system of title registration of immovable properties

Chief Economic Advisor KV Subramanian (Photo: PTI)
Jio is now rolling out a high-speed, low-latency optical fibre network to more than 50 million homes and premises (MINT_PRINT)
Smog engulfs around India Gate as air pollution continues to rise in the capital, in New Delhi.
Smog engulfs around India Gate as air pollution continues to rise in the capital, in New Delhi.

Delhi's air quality 'very poor', likely to improve by Saturday

  • Delhi's overall air quality index (AQI) has improved marginally as predicted and remains in the high end of the 'very poor' category
  • A significant improvement is predicted by November 1 and the air quality is likely to slip back into the 'poor' category

(Photo: Reuters)
Panel open to 1% agriculture cess on luxury products, in favour of cutting GST rate on ethanol from 18% to 12%.
Panel open to 1% agriculture cess on luxury products, in favour of cutting GST rate on ethanol from 18% to 12%.

Hike in ethanol prices will be positive for sugar industry: Icra

  • Icra expects the sugar consumption to get back to around the 26 million tonne levels in SY2021
  • Given the sugar surplus scenario in the domestic market, any significant increase in sugar prices is ruled out in the near term

Despite a slowdown in the economy due to the ongoing pandemic, MFCWL has continued to grow and expand its store network on the back of demand from customers
Despite a slowdown in the economy due to the ongoing pandemic, MFCWL has continued to grow and expand its store network on the back of demand from customers

Mahindra First Choice Wheels launches 50 new franchise stores across India

Each of the Mahindra First Choice Wheels stores will offer used car buying and selling, 118-point inspection report, warranty on Mahindra Certified used cars, easy finance, and hassle-free RTO transfer, among others

Several brands have seen an uptick in e-commerce since the lockdown. (Photo: Mint)
Xiaomi's logo  (Reuters)
In April 2020, a nationwide lockdown sent debt markets into a tizzy.
Older people have been hit from both sides by the Covid-19 pandemic and the recession. Make sure you can afford to be generous. (Photo: Mint)
Older people have been hit from both sides by the Covid-19 pandemic and the recession. Make sure you can afford to be generous. (Photo: Mint)

When to give money to your parents (and when not to)

You may feel a moral obligation to help your parents financially. Here is a basic checklist, you first need to run through

Source: MINT
Covaxin also received drug regulator's approval to start the large scale phase III clinical trial in the country (AFP)
Covaxin also received drug regulator's approval to start the large scale phase III clinical trial in the country (AFP)

COVID vaccine in India: Who will get it first? How much will it cost?

  • 'Mortality reduction and protecting frontline workers should be first priority,' said Dr Vinod Paul, member of Niti Aayog
  • Centre is planning to procure COVID-19 vaccines directly from the drugmakers and distribute them among priority group

(Photo: Reuters)
Photo: Mint
Borrowing from or lending by a relative or friend is not a taxable transaction from an income tax perspective but there are certain other regulations that one should keep in mind while borrowing or lending, to avoid penalties (iStock)
Borrowing from or lending by a relative or friend is not a taxable transaction from an income tax perspective but there are certain other regulations that one should keep in mind while borrowing or lending, to avoid penalties (iStock)

Tax regulations to consider in borrowing from or lending by friends or relatives

  • The loan should not be given in cash or bearer’s cheque in case the amount is more than Rs20,000. Same regulations will apply in case of repayment
  • An Indian resident can only take foreign exchange loans from his close non-resident relatives, and such a loan cannot exceed $250,000 per year

Rising COVID-19 cases  globally and fresh lockdowns in Europe has spooked sentiment in recent days.
Fifteenth Finance Commission chairman N.K. Singh (HT)
Gold rates today: Prices on MCX rose to  ₹50,425 per 10 gram
The fate of the  ₹25,000 crore Future Retail and Reliance deal continues to be undecided. Photo: S. Kumar/Mint
The fate of the 25,000 crore Future Retail and Reliance deal continues to be undecided. Photo: S. Kumar/Mint

Future-Reliance deal: BSE to consult SEBI after Amazon's objection, says report

  • Amazon on 25 October won an injunction from a Singapore arbitrator to halt Future's deal to sell retail assets to Reliance
  • A BSE source said it will consult SEBI about its stance on the deal and the exchange later on Friday

UK vaccine taskforce secured access to six vaccines (from more than 240 vaccines in development) across four different formats (AFP)
UK vaccine taskforce secured access to six vaccines (from more than 240 vaccines in development) across four different formats (AFP)

COVID-19 vaccine: UK starts rolling review of AstraZeneca, Pfizer vaccines

  • The move supports the UK’s plans to potentially move ahead of the European Union on clearing a vaccine
  • A COVID-19 vaccine may be available for some people before Christmas, Kate Bingham, the chair of the UK government’s vaccine taskforce earlier said

The maximum deemed LTC fare per person is Rs. 36,000
Shares of the company were up 2.1% (REUTERS)
Prime Minister Narendra Modi is received by Gujarat Governor Acharya Devvrat and Chief Minister Vijay Rupani on his arrival in Ahmedabad, Friday. (PTI)
Prime Minister Narendra Modi is received by Gujarat Governor Acharya Devvrat and Chief Minister Vijay Rupani on his arrival in Ahmedabad, Friday. (PTI)

PM Modi rides in Nutri Train at Children Nutrition Park in Gujarat. Watch video

  • PM Modi was accompanied by Gujarat Chief Minister Vijay Rupani and Governor Acharya Devvrat
  • The PM is on a 2-day visit to the state, the first time since the Covid outbreak and the subsequent lockdown in March

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