RIL chairman Mukesh Ambani has said that Reliance Retail and Reliance Jio will jointly launch a new e-commerce platform in India and Gujarat would be the first state to get it. (Pradeep Gaur/Mint)
RIL chairman Mukesh Ambani has said that Reliance Retail and Reliance Jio will jointly launch a new e-commerce platform in India and Gujarat would be the first state to get it. (Pradeep Gaur/Mint)

Reliance prepares the ground for e-commerce launch

  • Reliance Retail is testing a food and grocery app among employees before the commercial launch of its e-commerce platform
  • This strategy mirrors the one adopted by Mukesh Ambani-led Reliance Industries before the launch of Reliance Jio

Indian politicians understand that sense of humour, sarcasm or name-calling has a wider reach, and more likes online mean more votes. The BJP’s Rahul is ‘pappu’ campaign is the biggest example. (Jayachandran/Mint)
Indian politicians understand that sense of humour, sarcasm or name-calling has a wider reach, and more likes online mean more votes. The BJP’s Rahul is ‘pappu’ campaign is the biggest example. (Jayachandran/Mint)

Elections 2019: What tweet for tat tells you about Rahul Gandhi

  • From Rahul Gandhi being a ‘pappu’ to his ‘chowkidar chor hai’ campaign against Narendra Modi, Twitter is the battleground of wit
  • From being the subject of insults, ‘pappu’ has transformed himself into the master of insults on Twitter

Mark to Market
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HT Media said on 18 April that the acquisition of Radio One would make it the strongest radio company in the fast-growing metro markets. (HT)
HT Media said on 18 April that the acquisition of Radio One would make it the strongest radio company in the fast-growing metro markets. (HT)

HT Media acquires 51% stake in Radio One parent Next Mediaworks

  • The Radio One acquisition will not add an additional station to HT Media's Top 5 metros but also the key market of Pune to its network
  • HT Media is now detailing out the synergies of operations of Radio One with its own brands Fever FM and Radio Nasha

The sudden 3.5% rise in crude oil prices within three days, and 35% since January, signals a squeeze on tyre makers’ profits. (Naveen Kumar Saini/Mint)
The sudden 3.5% rise in crude oil prices within three days, and 35% since January, signals a squeeze on tyre makers’ profits. (Naveen Kumar Saini/Mint)

Crude oil price rise to hit tyre firms even as profits are under pressure

  • Value-wise break-up of tyre-making raw materials shows natural rubber is the biggest input and the rest are crude oil derivatives
  • Rise in interest cost without commensurate gain in Ebitda pulled down interest cover, which mirrors in tyre firms' financial health

Around 50 Chinese entrepreneurs have launched internet companies in India in the past one year, inspired by success stories of NewsDog, Shein and TikTok. (Mint)
Around 50 Chinese entrepreneurs have launched internet companies in India in the past one year, inspired by success stories of NewsDog, Shein and TikTok. (Mint)

Chinese entrepreneurs ride India internet consumer wave

  • Mayfair, Bulbul have entered the e-commerce space in India, while Welike and Injoy among others are present in the content segment
  • Chinese startups such as TikTok (ByteDance), UC News, News Dog and Club Factory are already present in India

Elections 2019
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Helena Lersch, director, global public policy, TikTok.
Subhash Chandra, promoter of Essel Group. ( Ramesh Pathania/Mint)
Markets brace for turbulence as soaring volatility index points to a likely correction over the next month. (Mint)
All the Jet Airways slots that have been temporarily allotted to other airlines will be returned to the airline only if its revival plan works out. (Abhijit Bhatlekar/Mint)
All the Jet Airways slots that have been temporarily allotted to other airlines will be returned to the airline only if its revival plan works out. (Abhijit Bhatlekar/Mint)

Jet Airways' slots may go permanently to rivals if stake sale process fails

  • SpiceJet, IndiGo have already announced flights from Jet Airways' slots alloted to them at Mumbai and Delhi airports
  • Slots at the two airports are hard to come by for new airlines as most have already been used by legacy carriers

Opinion
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The list of 30 companies that make up the Sensex have changed since 1986.
After three years, RBI will buy back the same amount of dollars at the premium offered in Tuesday’s auction. (Reuters)
After three years, RBI will buy back the same amount of dollars at the premium offered in Tuesday’s auction. (Reuters)

RBI’s second dollar swap auction fetches bids worth $18.65 billion

  • RBI accepted bids at a premium of 8.38 at at an annualized rate of 4.01% from authorized dealers and paid them rupees in return
  • The central bank says it will purchase govt securities against infusing liquidity worth 12,500 crore through OMOs

Twitter chief executive officer Jack Dorsey. (Reuters)
Twitter chief executive officer Jack Dorsey. (Reuters)

Twitter tops Q1 estimates on sales revenue, user count, shares surge

  • Twitter reported $787 million in revenue, an 18% increase from the year-earlier period. Analysts, on average, estimated $775 million
  • Twitter posted an increase in monetizable daily active users to 134 million, compared with 126 million in the fourth quarter

The Goods and Services Tax Council in November 2017 made large-scale tax cuts on items such as shampoos, cosmetics, hair oil and groceries from 28% to 18%. (Bloomberg)
The Goods and Services Tax Council in November 2017 made large-scale tax cuts on items such as shampoos, cosmetics, hair oil and groceries from 28% to 18%. (Bloomberg)

P&G India faces charges over profiteering under GST law

  • P&G India reportedly did not pass on GST rate cut benefits of about 250 crore to consumers
  • P&G India says passed on the net benefit to consumers and that it continues to cooperate with authorities

CDC is one of the largest institutional investors in Indian PE funds with commitments of over $1.7 billion since 2004. Photo: Aniruddha Chowdhury/Mint
CDC is one of the largest institutional investors in Indian PE funds with commitments of over $1.7 billion since 2004. Photo: Aniruddha Chowdhury/Mint

CDC invests $40 million in BigBasket at unicorn valuation

  • The investment in Supermarket Grocery Supplies Pvt. Limited, which owns and operates BigBasket is along with an investment of about $60 million from Korea’s Mirae Global Asset Investments
  • The deal also marks CDC’s first deal in the Indian startup space

Prasad Kompalli, chief executive officer and co-founder, mfine.
Kuldeep Jain, founder and MD of CleanMax Solar.
(From left) Bounce co-founders Vivekananda H.R., Varun Agni and Anil G.
Announced in March 2019 and expected to release in US on April 26 for $1,980, Galaxy Fold's key appeal lies in the foldable screen that Samsung claims can withstand 200,000 folds. (Reuters)
Announced in March 2019 and expected to release in US on April 26 for $1,980, Galaxy Fold's key appeal lies in the foldable screen that Samsung claims can withstand 200,000 folds. (Reuters)

Samsung holds back Galaxy Fold’s launch over screen durability issues

  • The Galaxy Fold's screen could not survive scrutiny by reporters who had received the early units for reviews before the launch
  • Samsung said the issues could be due to the impact on the exposed areas at the top and bottom of the hinge, besides a broken substance inside the device

An analysis of the portfolio of microfinance institutions shows that the ticket sizes and loan tenures are rising. (Mint)
An analysis of the portfolio of microfinance institutions shows that the ticket sizes and loan tenures are rising. (Mint)

Microfinance sector faces rising risk of overleverage, says Icra

  • Icra says that the domestic microfinance sector has registered a 28% growth during the 12 months ended December 2018
  • Investors however have continued to support the microfinance industry with equity infusion of around 4,350 crore in FY19

Credit rating agencies may assign higher ratings and not downgrade on time if they will be rotated out. (Mint)
Credit rating agencies may assign higher ratings and not downgrade on time if they will be rotated out. (Mint)

Opinion | Rotation of credit rating agencies must be avoided

Tighter scrutiny of credit rating agencies by investors, regulators and media is critical and credit rating agencies that frequently get their ratings wrong should be penalized

Bano had refused to accept  ₹5 lakh in compensation offered by the Gujarat govt and sought an exemplary compensation in a plea to the SC. (Mint)
Bano had refused to accept 5 lakh in compensation offered by the Gujarat govt and sought an exemplary compensation in a plea to the SC. (Mint)

SC tells Gujarat govt to pay 50 lakh to Bilkis Bano

  • Bilkis’s family was attacked at her village in Dahod district in the aftermath of the post Godhra violence
  • Counsel for Bano told the apex court that she has been living at the mercy of two NGOs who are taking care of her expenses

Founded in 2015 by Lizzie Chapman, Priya Sharma, and Ashish Anantharaman, ZestMoney previously raised $6.5 million seed funding in 2017.
Founded in 2015 by Lizzie Chapman, Priya Sharma, and Ashish Anantharaman, ZestMoney previously raised $6.5 million seed funding in 2017.

Lending start-up ZestMoney raises $20 mn Series B funding

  • The new funding will support the company’s expansion plans for 2019 and for other online purchases
  • The firm will also further strengthen its collaborations with retailers, banks & non-banking financial institutions with the funding

ZipGo has raised about $55 million in capital so far from investors including Essel Group, Orios Venture Partners, Omidyar, and Ventureast.
ZipGo has raised about $55 million in capital so far from investors including Essel Group, Orios Venture Partners, Omidyar, and Ventureast.

Essel Group-backed ZipGo said to have suspended services

  • ZipGo laid off at least 60 employees from its workforce
  • ZipGo allows commuters to reserves seats on its buses through a mobile app, similar to cab aggregators like Uber and Ola

The Indian IT industry is expected to add around 2.5 lakh new jobs this year, according to a TeamLease Services report.
The Indian IT industry is expected to add around 2.5 lakh new jobs this year, according to a TeamLease Services report.

TCS, Infosys increase hiring by 350% in FY19

  • TCS hired 29,287 employees in the financial year ending on March 31
  • Bengaluru-based Infosys added 24,016 software professionals

 (iStock)
Reliance and SoftBank spokespersons declined to comment on the matter.
OnePlus' invitation for its upcoming launch event.
Reliance Industries chairman Mukesh Ambani. Reliance Jio GigaFiber is at present being pilot tested in Mumbai and Delhi and will be rolled out commercially in a  year's time. (Bloomberg)
Reliance Industries chairman Mukesh Ambani. Reliance Jio GigaFiber is at present being pilot tested in Mumbai and Delhi and will be rolled out commercially in a year's time. (Bloomberg)

Reliance Jio GigaFiber to offer broadband, landline and TV combo for 600

  • Landline and TV will be added to Reliance Jio GigaFiber over the next three months, and will remain free for about a year
  • While the landline will come with unlimited calling facility, television channels will be delivered over the internet

Chanda Kochhar resigned as ICICI Bank CEO on 4 October, 2018. Photo: Abhijit Bhatlekar/Mint
'OYO Near You' will soon be launched in cities such as Bengaluru, Goa, Kolkata, Mumbai, Chennai, Jaipur, Hyderabad, Pune amongst others in coming months.
'OYO Near You' will soon be launched in cities such as Bengaluru, Goa, Kolkata, Mumbai, Chennai, Jaipur, Hyderabad, Pune amongst others in coming months.

OYO unveils new initiative 'OYO Near You' for customers

  • OYO has launched a new initiative 'OYO Near You' through which it will curate experiences for customers in Delhi-NCR
  • From wine tastings to movie-screenings, the new initiative would include activities such as house parties, comedy shows, live performances, workshops

Prime Minister Narendra Modi. Photo: AFP
 (AP)
 (iStock)
Raj Thackeray was deep in love with PM Modi and the “Gujarat model” through 2013-14. However, the unalloyed bhakt has turned a ferocious antagonist, a hard-hitting challenger
Raj Thackeray was deep in love with PM Modi and the “Gujarat model” through 2013-14. However, the unalloyed bhakt has turned a ferocious antagonist, a hard-hitting challenger

The sudden revival of Raj Thackeray

Despite not fielding a candidate, Raj Thackeray has almost overnight become the main opposition voice in Maharashtra. What’s his game?