Small is beautiful in the new wave of structural change that is sweeping through India’s growing food and grocery retail market, estimated to be worth $500 billion (Photo: Raj Sam/Mint)
Small is beautiful in the new wave of structural change that is sweeping through India’s growing food and grocery retail market, estimated to be worth $500 billion (Photo: Raj Sam/Mint)

The great Indian grocery gig in the sky

As startups and global giants gear up to change how Indians buy grocery, the kirana store is finally in the picture

From The Wall Street Journal
View All
Based on the best science, or at least the most officially condoned, Bezos would have only the vaguest idea what he was getting for his money (Reuters) wsj

How Bezos can influence climate

4 min read . 26 Feb 2020
General Electric ended 2019 with about 205,000 global workers. Here, jet engines are seen at a GE assembly plant last year. (Reuters) wsj

GE shed about 78,000 workers in 2019

3 min read . 25 Feb 2020
Mr. Ghosn’s new life in Lebanon, he said between sips of espresso, is one of restrictions. Photo: Reuters wsj

Carlos Ghosn’s new life in exile

11 min read . 22 Feb 2020
Broadway.com’s ticket inventory includes comparable seats found through Ticketmaster and Telecharge wsj

The invisible king of Broadway

9 min read . 22 Feb 2020
Passengers sit on a plane after they left the coronavirus-hit cruise ship Diamond Princess at Haneda Airport (LOLITA WIESNER via REUTERS)
Passengers sit on a plane after they left the coronavirus-hit cruise ship Diamond Princess at Haneda Airport (LOLITA WIESNER via REUTERS)

How airlines are cleaning planes amid the threat of coronavirus

  • Many airlines have stepped up normal cleaning procedures to limit the risk of contamination
  • They have stepped up aircraft-cleaning efforts, trying to ensure that planes used in rescue missions are safe to be put back into commercial use

The smart power meter systems will provide discoms with real-time data on consumption of each consumer

Your morning ritual now travels with you!

Try Mint E-paper
IndusInd Bank shares were down 2% today
Global stock markets have come under pressure because of the alarming spread of coronavirus. (Photo: Reuters)
Union Finance Minister Nirmala Sitharaman. (ANI)
On Monday, Bandhan Bank shares fell 5.21%, or ₹27.55, to ₹501.10 apiece on the BSE while the benchmark Sensex rose 0.43% to 35,850.16 points. Photo: Mint
On Monday, Bandhan Bank shares fell 5.21%, or ₹27.55, to ₹501.10 apiece on the BSE while the benchmark Sensex rose 0.43% to 35,850.16 points. Photo: Mint

Bandhan Bank may have got RBI relief, but North East worries investors

  • Bad loans formed 1.93% of its loan book for Q3, up from 1.76% in Q2. Assam makes up 10% of the bank’s loan portfolio
  • Concerns persist that the bank may see its asset quality deteriorate as collections become difficult amid protests

Auditors will also have to report if term loans were used for the purpose they were taken (Photo: iStock)
Auditors will also have to report if term loans were used for the purpose they were taken (Photo: iStock)

Auditors to now check if firms can repay debt

  • Auditors will now have to weigh in on whistle-blower complaints as well as concerns raised by outgoing auditors
  • The Companies (Auditor’s Report) Order, 2020, mandates enhanced disclosures by auditors and is aimed at detecting frauds in companies before it is too late

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

Subscribe for free
FILE PHOTO: The Microsoft logo is pictured ahead of the Mobile World Congress in Barcelona, Spain February 24, 2019. REUTERS/Sergio Perez (REUTERS)
FILE PHOTO: The Microsoft logo is pictured ahead of the Mobile World Congress in Barcelona, Spain February 24, 2019. REUTERS/Sergio Perez (REUTERS)

Microsoft joins Apple, HP in scrapping quarterly outlooks due to coronavirus

  • Microsoft said it doesn’t expect to meet earlier guidance for fiscal third-quarter revenue in the Windows personal-computer software
  • The world’s largest software maker joins iPhone maker Apple Inc. and PC company HP Inc. in cutting estimates

Photo: Mint
Hugh Laurie in Armando Iannucci’s new comedy series, ‘Avenue 5’.
Hugh Laurie in Armando Iannucci’s new comedy series, ‘Avenue 5’.

'Avenue 5': The cruiseship at the end of the universe

Armando Iannucci of 'Veep' and 'The Death of Stalin' is back with a new show, about a cruiseship in outer space that's knocked off course

Photo: Bloomberg
Auto and metal indices were the worst performers so far this year (Photo: Mint)
Vodafone Idea has asked the government to help set a floor price for mobile services and lower licence fee and spectrum usage charges for auctions (Photo: Reuters)
Vodafone Idea has asked the government to help set a floor price for mobile services and lower licence fee and spectrum usage charges for auctions (Photo: Reuters)

Vodafone Idea looks for relief from telecom panel meet on Friday

  • Telco seeks adjustment of 8,000 crore of GST refund towards AGR, payment of penalty, interests and interests on penalty in a staggered period
  • For relief on dues, the company has also sought a moratorium of three years followed by payment tenure of 15 years at a simple interest of 6%, said a source

Gold rates today: On MCX, the price of the precious metal rose to  ₹42,668 per 10 gram
Apple CEO Tim Cook.
Facebook had previously banned ads, along with regular unpaid posts, that peddle fake cures such as drinking bleach, spread conspiracy theories about the virus, or discourage people from seeking medical treatment. (Reuters)
Facebook had previously banned ads, along with regular unpaid posts, that peddle fake cures such as drinking bleach, spread conspiracy theories about the virus, or discourage people from seeking medical treatment. (Reuters)

Facebook bans ads with false claims about coronavirus

  • The ban went into effect this week
  • The COVID-19 virus has now spread to at least 39 countries

US President Donald Trump. (AFP)
Britain's Prince Harry speaks as he attends a sustainable tourism summit at the Edinburgh International Conference Centre in Edinburgh, Scotland, Britain. (REUTERS)
Britain's Prince Harry speaks as he attends a sustainable tourism summit at the Edinburgh International Conference Centre in Edinburgh, Scotland, Britain. (REUTERS)

'Just call me Harry', Prince Harry says as he starts last royal duties

  • The Duke of Sussex, a grandson of Queen Elizabeth II, will stop using 'His Royal Highness' from the end of March
  • Harry and Meghan will join the queen on March 9 for a Commonwealth Day service at Westminster Abbey, which is expected to be their last official appearance as working royals

National security adviser Ajit Doval (wearing glasses) visits violence-affected areas in north-east Delhi on Wednesday (Photo: PTI)
National security adviser Ajit Doval (wearing glasses) visits violence-affected areas in north-east Delhi on Wednesday (Photo: PTI)

Doval pressed into action as courts rap cops on Delhi violence

  • Delhi HC asked cops to take a ‘conscious decision’ on filing FIRs against 3 BJP leaders for inciting violence
  • Centre scrambled national security adviser to bring the situation under control in violence-affected neighbourhoods

A special flight of Indian Air Force (IAF) comprising of crew, medical team and support staff before their departure from Air Force Station in Palam to Wuhan in China, in New Delhi (Photo: PTI)
A special flight of Indian Air Force (IAF) comprising of crew, medical team and support staff before their departure from Air Force Station in Palam to Wuhan in China, in New Delhi (Photo: PTI)

Delhi sends third flight to evacuate Indians in coronavirus-hit Wuhan

  • The Indian aircraft is also expected to bring back around 100 Indian nationals and some others from India’s neighbouring countries
  • The IAF special flight also carried around 15 tonnes of medical supplies, including masks, gloves and other emergency equipment

Smartphones such as the Samsung Galaxy S20 do have 5G variants globally, but their Indian variants do not support 5G connections right now.
Smartphones such as the Samsung Galaxy S20 do have 5G variants globally, but their Indian variants do not support 5G connections right now.

Don’t rush to buy 5G phone, there’s no network yet

  • Smartphones such as the Samsung Galaxy S20 do have 5G variants globally, but their Indian variants do not support 5G connections right now
  • Realme and iQoo are the first companies to launch 5G-ready smartphones in India

Onkar S. Kanwar chairman and managing director of Apollo Tyres
Private security guards wear protective facemasks at the main entrance of the Aga Khan University Hospital where a patient of the COVID-19 novel coronavirus has been admitted. (AFP)
Private security guards wear protective facemasks at the main entrance of the Aga Khan University Hospital where a patient of the COVID-19 novel coronavirus has been admitted. (AFP)

Pakistan confirms first two cases of coronavirus

  • Pakistan said the two patients of coronavirus are now stable
  • Both the affected patients had travelled to Iran recently

Housing finance companies and non-banking financial companies have been grappling with a liquidity crisis, downgrades, and defaults for more than a year now. (Mint)
Housing finance companies and non-banking financial companies have been grappling with a liquidity crisis, downgrades, and defaults for more than a year now. (Mint)

Ummeed Housing Finance raises funds led by Morgan Stanley PE

  • The company aims to double its assets under management from 500 crore to 1,000 crore over the next 12-18 months
  • Ummeed, the Gurugram-based affordable housing financier, started out in 2016

Piles of steel wire coils sit in a steel stockyard in this aerial photograph in Shanghai, China. (Bloomberg)
Photo: ANI
Men ride a motorcycle past security forces patrolling a street in a riot affected area after clashes erupted between people demonstrating for and against a new citizenship law in New Delhi (Photo: Reuters)
Men ride a motorcycle past security forces patrolling a street in a riot affected area after clashes erupted between people demonstrating for and against a new citizenship law in New Delhi (Photo: Reuters)

18 FIRs, 106 arrests in Delhi violence; death toll climbs to 27

  • Families of those killed in Delhi violence to get 2 lakh, seriously injured 50,000 as compensation
  • The situation in the violence-hit northeast Delhi was under control and the police was doing their job, said NSA

Termed as ‘Restaurant on Wheels’ it can be accessed by both railway passengers and general public.
Cipla office in Mumbai.
(Photo: iStock)
Gold remains a relatively small percentage of portfolios by historic standards.. Photo: Pradeep Gaur/Mint
Gold remains a relatively small percentage of portfolios by historic standards.. Photo: Pradeep Gaur/Mint

History shows gold’s rally may only just be getting started

  • Prices have surged this year as haven-seeking investors pour in
  • Markets have been shaken by worries that the coronavirus outbreak will cripple global growth

DHFL is the first non-bank lender to be referred to NCLT
DHFL is the first non-bank lender to be referred to NCLT

FD, bondholders spar over DHFL resolution

  • Since depositors and bondholders form a sizeable chunk, they are represented in the CoC
  • The RBI-appointed administrator has admitted claims of 86,374 crore from all classes of creditors

Videos
View All
Finance Minister Nirmala Sitharaman (L) and MoS Finance Anurag Thakur during Indian Banks Association function, in New Delhi (Photo: PTI)
(Photo: Reuters)
Baidu's co-founder and CEO Robin Li (Photo: Reuters)
Bengaluru-based Vaishnavi Chadagar (left) ends up spending money on outings with friends and falls back on her family at the end of the month; Mumbai-based Jai Sharma is unable to streamline his expenses due to the lack of a budget and ends up using his credit card almost every month.
Bengaluru-based Vaishnavi Chadagar (left) ends up spending money on outings with friends and falls back on her family at the end of the month; Mumbai-based Jai Sharma is unable to streamline his expenses due to the lack of a budget and ends up using his credit card almost every month.

Stick to a budget to avoid month-end money blues

  • Millennials often struggle to keep their spends under control and end up borrowing
  • Investing before spending and sticking to a budget without giving in to temptations can help a lot

Plain Facts
Officials take details for the 2011 Census from a Kashmiri family on the outskirts of Srinagar.  (Photo: Getty Images)

Census misses many people, so will NPR

4 min read . 26 Feb 2020
Finance Minister Nirmala Sitharaman (Photo: Pradeep Gaur/Mint)

Taxing times for the economy

4 min read . 23 Feb 2020
Reliance Industries chairman Mukesh Ambani (Photo: ANI)
An IndiGo Airlines Airbus A320 aircraft.  (REUTERS)
A couple wearing protective face masks kiss at a subway station in Hong Kong on Valentine’s Day
A woman walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange (Photo: AP)
A woman walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange (Photo: AP)

Ten reasons why coronavirus is setting off some recession alarm bells

  • As cases spread, only some of the indicators investors use to monitor recession signals are flashing red
  • The coronavirus has sent three-month borrowing costs above 10-year rates while the two-year/10-year curve is less than 20 basis points from inversion

The Land Rover Defender in its habitat
The growth of online private labels will help online retailers attract repeat shoppers, improve margins, and valuations (Photo: iStock)
Vikas Swarup, secretary (west) in ministry of external affairs. (PTI)
Long Reads
Moody's also predicted auto sales decline in China. (AP)
Women of Shaheen Bagh protesting against CAA. Pradeep Gaur/Mint (MINT_PRINT)
Chief of the Air Staff, Air Chief Marshal RKS Bhadauria lands after flying MiG-21 of 51 Squadron Commanding Officer Group Captain Nazeer with two each Mirage-2000 & Sukhoi-30MKI at Srinagar airbase on the occasion of one year anniversary of the Balakot airstrikes.  (ANI )
Chief of the Air Staff, Air Chief Marshal RKS Bhadauria lands after flying MiG-21 of 51 Squadron Commanding Officer Group Captain Nazeer with two each Mirage-2000 & Sukhoi-30MKI at Srinagar airbase on the occasion of one year anniversary of the Balakot airstrikes. (ANI )

One year after Balakot strike: When 'Bandar' was code for success

  • Five Spice 2000 bombs hit the targets while one was not successful
  • A fleet of 16 aircraft of the IAF had crossed over to the Pakistani side and attacked a Jaish-e-Mohammad terrorist training camp in Balakot

The budget on 1 Feb also failed to impress stock market traders and investors, leading the index to a daily decline of more than 2%
The budget on 1 Feb also failed to impress stock market traders and investors, leading the index to a daily decline of more than 2%

If economic recovery happens, BSE Sensex may reach 43,560 by end of 2020: Poll

  • The benchmark, which rallied over 14% in 2019, has plunged this week, echoing a global sell-off caused by the spread of coronavirus
  • The latest Reuters survey forecast the index would gain over 4% to 42,000 by mid-2020 from Tuesday's close of 40,281.20, down from the 42,696 predicted three months ago

These trains will run on different days between March 5 to 15 and their coach composition will also differ.
These trains will run on different days between March 5 to 15 and their coach composition will also differ.

Indian Railways' Central Railway zone to operate extra trains for Holi

  • Four weekly special trains each will be operated on Lokmanya Tilak Terminus-Patna, LTT- Varanasi, LTT-Mau and Pune-Danapur route
  • These trains will run on different days between March 5 to 15 and their coach composition will also differ

The deterioration in January is largely on account of the external sector
powered by
See All
Mark to Market
View All
File Photo: PTI
×
My Reads Logout