A view of the the stock prices displayed on a digital screen outside BSE building, in Mumbai.  (PTI)
The economy expanded 5% in the three months through June.
The economy expanded 5% in the three months through June.

India is heading for economic growth below 5%: Economists 

  • Economists at SBI, Nomura Holdings Inc. and Capital Economics Ltd. lowered their growth forecasts for the quarter ended September
  • The government is scheduled to publish the data on November 29

Reliance Industries Ltd gained 3.5% to hit a fresh record high. (Photo: Hemant Mishra/Mint)

Your morning ritual now travels with you!

Try Mint E-paper
Videos
View All
In the wake of these challenges, analysts worry that the current valuations of the bank are stretched. (Photo: Mint)
Reliance Industries Chairman Mukesh Ambani. (Photo: PTI)
Reliance Industries Chairman Mukesh Ambani. (Photo: PTI)

Reliance Industries breaks into club of six oil elites

  • Reliance’s shares have increased at three times the pace of India’s benchmark index this year
  • Surge in shares gives Ambani a net worth of $56 billion, making him Asia’s richest person, above Jack Ma

The 500cc Bullet could be one of the bikes to be discontinued (Photo: Bloomberg)
The 500cc Bullet could be one of the bikes to be discontinued (Photo: Bloomberg)

Royal Enfield may bid adieu to 500cc bikes from early next year

  • The company will instead upgrade its range of 350cc motorcycles, which continue to garner robust demand
  • Implementation of the new Bharat Stage VI norms will make production of these motorcycles unviable for the domestic market due to the high cost of upgrading their engines and low volumes

Alibaba's shares are already traded in New York. (Reuters)

Day’s most important news delivered to your inbox with our newsletters!

Subscribe for free
Of this,  ₹1,259 crore has already been classified as non-performing as on 30 September and  ₹2,018 crore is the amount of incremental bad loans, Yes Bank said (Photo: Mint)
Of this, 1,259 crore has already been classified as non-performing as on 30 September and 2,018 crore is the amount of incremental bad loans, Yes Bank said (Photo: Mint)

RBI finds Yes Bank under-reported bad loans by 3,277 crore in FY19

  • The lender said it has made material policy and personnel changes to ensure regulatory compliance
  • Yes Bank said divergence in provisions was 978 crore as on 31 March, 2019

RTGS is meant for high-value transactions.
Tim Cook added that Apple has never set the objective to be the first to do something and rather it sets the objective to be the best. (Bloomberg)
Tim Cook added that Apple has never set the objective to be the first to do something and rather it sets the objective to be the best. (Bloomberg)

Apple CEO Tim Cook: We care deeply about privacy, it is a fundamental right

  • Talking about Apple's status as a leader in tech innovation over several decades, Cook said companies tend to confuse between innovation and change.
  • Dreamforce is CRM services provider Salesforce's annual enterprise tech event

Mark to Market
View All
Plain Facts
Photo: PTI

How livable is your city?

1 min read . 19 Nov 2019
Retired Chief Justice of India Ranjan Gogoi (right) interacts with his successor Sharad Arvind Bobde. Since the inception of SC, the average CJI’s tenure has been 18 months; but in recent years, this figure has fallen. (Photo: ANI)

What the numbers say about CJIs

3 min read . 19 Nov 2019
Higher income, nutritional aid and lower prices would help developing nations eat better, say researchers (Photo: iStock)

Only rich can afford healthy diet

3 min read . 18 Nov 2019
INDICES
View All
Long Reads
Net profit of Rs270 crore was far ahead of Rs188 crore, estimates of a Bloomberg poll of analysts.
Net profit of Rs270 crore was far ahead of Rs188 crore, estimates of a Bloomberg poll of analysts.

Shares of Mahanagar Gas on fire after Q2 results

  • This is the second quarter in a row that the company’s volume growth has remained muted
  • Investors seem to be pleased with the company’s better than expected profits, especially the margin beat

Vineet Nayar, former CEO of HCL Technologies and Chairman, Sampark Foundation, talks about how IT companies need to invest in new technologies
Vineet Nayar, former CEO of HCL Technologies and Chairman, Sampark Foundation, talks about how IT companies need to invest in new technologies

Investing and not harvesting is the way to beat legacy slowdown

In the latest episode of Mint Dispatch, Vineet Nayar, former CEO of HCL Technologies and Chairman, Sampark Foundation talks about how IT companies need to invest in new technologies - as that is the right way to beat legacy slowdown. In a wide ranging discussion, he also opens up on the critical role of philanthropy in India to achieve India' target of a $5 trillion economy and there should be more startups build to last than to sell.

A birds eye view of the national capital covered in a dense layer of smog, in New Delhi (PTI)
According to Bosch they are ideally positioned as a system integrator that has in-depth understanding of key IoT capabilities. (iStock)
According to Bosch they are ideally positioned as a system integrator that has in-depth understanding of key IoT capabilities. (iStock)

Bengaluru: Bosch opens Internet of Things garage

  • The Bengaluru lab will focus on building technology demonstrators and validating them before they take shape into scalable solutions for smart connected products
  • The lab will partner with enterprises who want to build connected products

According to the Consulate, the hospital/ treatment center authorities concerned shall furnish the details of the foreigner in a prescribed format
According to the Consulate, the hospital/ treatment center authorities concerned shall furnish the details of the foreigner in a prescribed format

Visa exemption for foreigners seeking medical treatment in India

According to a statement released by the Consulate General of India in Dubai, exemption has been given to foreigners from getting their primary visa converted into medical visa for obtaining indoor treatment up to 180 days for seeking admission in a hospital owing to illness

Weighted average home prices in the city’s prime locations such as Greater Kailash, Vasant Vihar, Anand Niketan, Defence Colony and Green Park rose 4.4% to  ₹33,511 per sq. ft in the September quarter, compared to a year ago. (HT)
Weighted average home prices in the city’s prime locations such as Greater Kailash, Vasant Vihar, Anand Niketan, Defence Colony and Green Park rose 4.4% to 33,511 per sq. ft in the September quarter, compared to a year ago. (HT)

Delhi in fastest growing residential markets list

  • Delhi and Mumbai have moved up to ninth and tenth spots, respectively
  • Bengaluru has slipped five places from the 15th rank in Q2 to 20th rank in Q3 2019

Revenue for the quarter rose 5% yoy to  ₹4,128 crore, in-line with forecasts. (Photo: Reuters )
Google has said that the new format significantly accelerated loading times on websites. (Reuters)
Google has said that the new format significantly accelerated loading times on websites. (Reuters)

Google, Facebook, Amazon, Apple offer defence in congressional antitrust probe

  • Google has disputed the idea that it controls too much of the search market and the digital ad ecosystem
  • Apple pointed out that there are many apps that compete with its own services such as web browsing, maps, music and video

Sales of two-wheelers and commercial vehicles during the period declined by 12.76% and 23.31%, respectively. (Mint)
Shashi Tharoor performed a comedy set for Amazon Prime’s show ‘One Mic Stand’.
Shashi Tharoor performed a comedy set for Amazon Prime’s show ‘One Mic Stand’.

What we made of Shashi Tharoor’s attempt at standup comedy

  • Politician Tharoor’s comedy set is self-aware about India’s complex relationship with the English language
  • Our obsession with English manifests as equal parts class anxiety, vocabulary envy and plain old jingoism

Take loans of shorter tenors and repay them on time (Photo: iStock)
Vodafone Idea added $1.25 billion to its market capitalisation in the past three trading sessions alone. (Photo: PTI)
Vodafone Idea added $1.25 billion to its market capitalisation in the past three trading sessions alone. (Photo: PTI)

Stocks to Watch: RIL, Yes Bank, Bharti Airtel, Infosys, NBFCs, Wipro

  • Yes Bank on Tuesday said RBI has found underreported bad loans worth 3,277 crore for the year ended March 2019
  • The ministry of finance has given in-principle approval to the proposed merger of Allahabad Bank into Indian Bank

The federal policy think-tank is said to believe that the policy may result in an economic loss for the vehicle owner (Photo: Mint)
The federal policy think-tank is said to believe that the policy may result in an economic loss for the vehicle owner (Photo: Mint)

Scrappage policy hits another roadblock after NITI Aayog flags issues

  • NITI Aayog was said to be unhappy with the discounts that the road ministry had planned to offer
  • Govt hopes the policy laced with incentives would drive vehicle sales and help the auto industry that has been experiencing sluggish demand for about a year

FILE PHOTO: Boeing employees work on the tail of a Boeing 737 NG at the Boeing plant in Renton, Washington.  (REUTERS)
FILE PHOTO: Boeing employees work on the tail of a Boeing 737 NG at the Boeing plant in Renton, Washington. (REUTERS)

Boeing urged by NTSB to redesign 737 NG over 2018 engine blowout

  • More than 7,000 planes could be affected by the recommendation that the inlet to the engines be redesigned
  • A fan blade on an engine made by CFM International Inc. broke off, triggering the damage, the NTSB concluded

Lenders were earlier working on a resolution plan for troubled home financier DHFL (Photo: Aniruddha Chowdhury/Mint)
After years of cut-throat competition, Vodafone Idea, Airtel and Jio have all agreed to raise tariffs (Photo: Bloomberg)
Infosys Chairman Nandan Nilekani had said the whistleblower complaint dated September 20, as well as an undated complaint, had been received by one of the board members on September 30. (Mint)
Infosys Chairman Nandan Nilekani had said the whistleblower complaint dated September 20, as well as an undated complaint, had been received by one of the board members on September 30. (Mint)

Infosys clarifies on whistleblower complaint reports

  • Infosys said all material information has been disclosed by the company as per Sebi norms and the firm's materiality policy
  • Infosys said it remains available to provide any additional information or clarification, if required

In the year so far, the rupee has weakened 2.7%.
A Mint analysis of 1,462 firms showed net sales in the September quarter was the lowest in at least 27 quarters.
A Mint analysis of 1,462 firms showed net sales in the September quarter was the lowest in at least 27 quarters.

Mint Explainer | Post tax cut why earnings revival is far away?

Earnings for the latest quarter have ushered mixed news for the corporate sector. While the recent cut in corporate tax rates led to better-than-expected profit and restrained the pace of earnings downgrades, businesses continued to reel under pressure in the three months ended September. A Mint analysis of 1,462 firms showed net sales in the September quarter was the lowest in at least 27 quarters. Net sales decelerated 2.23% year-on-year, much lower than the 5.15% growth in the preceding three months, according to data provider Capitaline. Mint's Nasrin Sultana analyses Q2 corporate earnings.

The first phase of the metro rail network Madhya Pradesh's Bhopal and Indore will be operational by the beginning of 2023.
The first phase of the metro rail network Madhya Pradesh's Bhopal and Indore will be operational by the beginning of 2023.

Rapid rail, faster than metro, to connect Indore with Ujjain, Pithampur, Dewas

  • The plan is to run rapid rail between Indore- Ujjain, Indore-Pithampur and Indore-Dewas, Jaivardhan Singh said
  • The detailed project is being developed in coordination with the Delhi Metro Rail Corporation (DMRC)

Gold price today: On MCX, gold rates were at  ₹38,200 per 10 gram
`Aadhaar Seva Kendras are now open seven days a week. (Mint)
In Mumbai, petrol costs  ₹79.86 and diesel  ₹69.06. If you are in Bengaluru, petrol costs  ₹76.74 and diesel  ₹68.08 (Mint)
Nissan is targeting a potential note sale of up to 250 billion yen (AP)
Nissan is targeting a potential note sale of up to 250 billion yen (AP)

Nissan plans first bond sale since scandals after leader changes

  • The debt offering would test investor sentiment after the automaker unveiled top manager changes earlier this month
  • Nissan’s borrowing costs have increased slightly after two ratings companies downgraded the carmaker earlier this year

Reliance Jio called upon the government and the telecom regulator to mandate a ‘2G-mukt’ policy (Photo: Bloomberg)
While the government gets its fair share of blame for the disruptions that contributed to the slowdown, it would be wrong to let off economists and experts lightly. (Ramesh Pathania/Mint)
While the government gets its fair share of blame for the disruptions that contributed to the slowdown, it would be wrong to let off economists and experts lightly. (Ramesh Pathania/Mint)

Opinion | Economists must share some blame for the current slowdown

The reforms they now criticize were hailed by them as the next best thing after sliced bread

Congress president Sonia Gandhi. (PTI)
US President Donald Trump. (Photo: Reuters)
US President Donald Trump. (Photo: Reuters)

Without a China trade deal, the US will hike tariffs, says Donald Trump

  • Trump said that he would raise tariffs on imports of Chinese goods if no trade deal is reached with Beijing to end a tit-for-tat trade war
  • Trump's latest tough comment came as markets are watching intensely for signs of progress in the 2 economic superpowers' attempt to reach a so-called 'phase one' partial deal

Late on Tuesday, Reliance Jio also said it will raise tariffs. (iStockphoto)
Late on Tuesday, Reliance Jio also said it will raise tariffs. (iStockphoto)

Opinion | All hope is not lost yet for the telecom sector

Tariff hikes may not be enough for older telecom operators to overcome their financial woes. But, with 5G on its way, sensible policies could work in favour of the whole market

External Affairs Minister S. Jaishankar. (ANI )
External Affairs Minister S. Jaishankar. (ANI )

Jaishankar visits Lanka to establish early ties with Gotabaya administration

  • Jaishankar will be the first foriegn visitor to visit Colombo after the new administration under Gotabaya Rajapaksa assumed office
  • The visit assumes significance given that Gotabaya is seen as pro-China and India would be keeping a close watch to see whether the new administration in Colombo walks a balance between New Delhi and Beijing

Photo: Reuters
West Bengal has received 48 complaints in such cases.
West Bengal has received 48 complaints in such cases.

Uttar Pradesh tops chart in PDS corruption, Bihar comes second

  • As many as 807 complaints of corruption in the public distribution system (PDS) were received across the country till October 31, 2019
  • Delhi ranks third in corruption cases in PDS with 78 complaints been received

Photo: iStock
Photo: iStock

Opinion | What the iPod can teach us about the global trade game

Its value chain is a microcosm of the broader production networks that girdle the world via a web of sourcing agreements

'Richer nations are really able to be more resilient towards the impacts of climate change'
A seasonally slack quarter has not dulled Aster’s revenue growth.
Finance minister Nirmala Sitharaman. (PTI )
Photo: PTI
Photo: PTI
Photo: Mint
Disposable N95 masks can cost between  ₹150 and  ₹300 whereas the reusable masks cost between  ₹500 and  ₹3,000 (Photo: Mint)
There are three ways in which a bank can charge interest— monthly reducing, annual reducing and daily reducing balance (Photo: iStock)
There are three ways in which a bank can charge interest— monthly reducing, annual reducing and daily reducing balance (Photo: iStock)

Know how banks calculate your home loan EMI

  • Your EMI depends on three factors — the loan amount, the rate of interest and the loan tenure
  • Banks use the daily reducing balance method for home loans, while some housing finance companies use the monthly method

As farmers lost interest, the area under the flagship crop insurance scheme fell 17% in the two years to kharif 2018. (Photo: Hindustan Times)
As farmers lost interest, the area under the flagship crop insurance scheme fell 17% in the two years to kharif 2018. (Photo: Hindustan Times)

Crop insurance flaws fuel farm distress

  • At a time when rural incomes are sliding, the only existing safety net for the farmer is failing
  • High costs of reinsurance due to erratic weather, a spike in claims, political interference in crop loss estimation are reasons that forced some insurers to leave the business