Earlier, Infosys said it would buy  ₹82.6 billion of its own stock
Earlier, Infosys said it would buy 82.6 billion of its own stock

Buyback spree alive in India as PSU firms join tech companies

  • Shrinking valuations are also prompting smaller companies to buy their own stock, said analyst
  • PSU firms, including Coal India Ltd., NHPC Ltd., are on a buying spree to help the govt to meet asset-sale target

India's housing finance market has more than 80-odd players, but the top five have 78% of the market share
India's housing finance market has more than 80-odd players, but the top five have 78% of the market share

Opinion | Housing finance still remains an attractive business in years to come

  • A housing finance platform will have to identify strategies that help drive robust quality demand
  • Aggregating smaller HFC companies into a larger platform will help create better and low-cost funding sources

Indians are the biggest beneficiaries of the temporary H1-B visas
Indians are the biggest beneficiaries of the temporary H1-B visas

HCL, Cognizant among top tech firms that received H1-B certifications in US 

  • Deloitte Consulting topped the list with 18,306 H-1B specialist occupation labour certifications
  • A total of 85,000 H1-B visas are available each year under regulations imposed by the Congress

The Crown Prince is visiting at the invitation of Pakistan Prime Minister. Photo: Reuters
The Crown Prince is visiting at the invitation of Pakistan Prime Minister. Photo: Reuters

Saudi Crown Prince Mohammed delays visit to Pakistan; will be in India next week

  • Mohammed will arrive in Pakistan on Sunday, a day later than scheduled
  • It isn’t clear if the Pulwama attack and tensions between India and Pakistan are behind the delay

Photo: Bloomberg
Photo: Bloomberg

India hikes customs duty to 200% on all goods imported from Pakistan

  • Increasing duties would significantly hit Pakistan's exports to India
  • The main items which Pakistan exports to India include fresh fruits, cement, petroleum products, bulk minerals and ores and finished leather

PM Modi says each teardrop after Pulwama will be avenged  

  • PM Modi said a due response will be given for each and every tear that has dropped
  • At an all-party meet, a resolution stating the entire nation was 'speaking in one voice' was passed

AAI will choose the bidders on the basis of 'per-passenger fee'
AAI will choose the bidders on the basis of 'per-passenger fee'

AAI receives 32 technical bids from 10 companies for privatisation of airports

  • AAI sought bidders for six airports — Guwahati, Thiruvananthapuram, Lucknow, Mangaluru, Ahmedabad and Jaipur
  • AAI will open the financial bids on February 25

Vande Bharat Express starts its first commercial run
Vande Bharat Express starts its first commercial run

India's fastest train Vande Bharat Express begins first commercial run today

  • Vande Bharat Express left Delhi for Varanasi today morning on its first commercial run, Piyush Goyal tweeted.
  •  Tickets for Vande Bharat Express sold out for the next two weeks already, Piyush Goyal said

SBI Magnum Equity ESG Fund is currently the only Indian fund that classifies as a portfolio investing in sustainable assets (Mint)
SBI Magnum Equity ESG Fund is currently the only Indian fund that classifies as a portfolio investing in sustainable assets (Mint)

KKR-backed firm eyes $1 billion fund to tap India ESG investors

  • Avendus sees around 70% of the money coming from overseas investors
  • Global investment based on ESG strategies stood at nearly $23 trillion at the end of 2015

Cognizant to pay $25 million to settle India bribery charges

  • Cognizant has agreed to pay $25 million to settle charges that it violated the Foreign Corrupt Practices Act
  • Cognizant undertook a comprehensive internal investigation under the oversight of the Audit Committee of the Board of Directors

Prime Minister Narendra Modi pays tribute to the CRPF jawans who lost their lives in the Pulwama terror attack, at the Palam airport in Delhi on Friday. (PTI)
Prime Minister Narendra Modi pays tribute to the CRPF jawans who lost their lives in the Pulwama terror attack, at the Palam airport in Delhi on Friday. (PTI)

Pulwama terror attack: Pakistan isolated, Narendra Modi vows fitting strike back

  • PM Narendra Modi authorizes the security forces to fashion a response on their terms and at a timing of their choice
  • Pakistan finds itself internationally isolated after the Pulwama terror attack

The sunset terrace overlooking the port town of Alicante. Photo: SHA Wellness Clinic
The sunset terrace overlooking the port town of Alicante. Photo: SHA Wellness Clinic

Say Hola! to healing in the Spanish Mediterranean

  • From Russian supermodels to Indian CEOs, wellness seekers have been clustering at SHA
  • Nutrition is key to the SHA method, based on the principle of balancing yin and yang energies in food

A young follower of the Sant Nirankari Mission sits in prayer at the weekly ‘satsang’ in Delhi. Photo: Pradeep Gaur/Mint
A young follower of the Sant Nirankari Mission sits in prayer at the weekly ‘satsang’ in Delhi. Photo: Pradeep Gaur/Mint

Swipe right for spirituality

  • Many upwardly mobile millennials are looking to ‘gurus’ and spirituality as a dominant belief system
  • The evolution of the mystic has also made spirituality appealing to younger audiences.

A candle-light protest on Friday against the Pulwama terror strike. Photo: PTI
A candle-light protest on Friday against the Pulwama terror strike. Photo: PTI

Pulwama terror attack: 'We support India’s right to self-defense', says US

  • US National Security Advisor John Bolton offered all assistance to India
  • Expressions of support have poured in from across the world in the aftermath of the Pulwama attack

Representative image. (PTI)
Representative image. (PTI)

Vande Bharat Express breaks down on return from Varanasi 

  • Train 18 is completely booked and has a waiting list till February 24
  • Vande Bharat Express is expected to start it's commercial operations tomorrow

Sweat it out with these apps

  • From audio-guided workouts to training like Ashton Eaton, these apps can help shape your fitness regime
  • Nike Training Club comes loaded with more than 100 workouts that focus on strength, endurance and mobility

 TV18 says, this is a violation of Trai’s broadcasting regulations. Photo: Mint
 TV18 says, this is a violation of Trai’s broadcasting regulations. Photo: Mint

TV18 writes to Trai regarding incorrect genre categorization of Republic Bharat 

  • Republic Bharat recorded a reach of 73 million in its opening week according to BARC
  • A Trai spokesperson admitted having received the complaint

Ranveer Singh in ‘Apna Time Aayega’ from ‘Gully Boy’.
Ranveer Singh in ‘Apna Time Aayega’ from ‘Gully Boy’.

Nailing a song like Zoya Akhtar

  • From ‘Baawre’ to ‘Apna Time Aayega’, what went into creating the oomph and playfulness in the best of them
  • Few Bollywood directors can nail a song with as much relish as Zoya Akhtar

 (Mint)
(Mint)

Aadhaar mandatory to file income tax returns

  • For those who don’t want to use Aadhaar, you can continue using documents such as PAN, passport, driving licence and voter identity card
  • Beware of how much information you share as most frauds happen because people using Aadhaar don’t have enough clarity on how much information they end up giving away

Bangalore egg roll with roast mutton. Photo courtesy: Samar Halarnkar
Bangalore egg roll with roast mutton. Photo courtesy: Samar Halarnkar

Opinion: Mastering the kitchen can save the Indian male—perhaps

  • With humans on the threshold of parthenogenesis, virgin births, men need to worry about their relevance
  • Already, the work that men do pales in comparison to the women. One hope for male salvation lies in the kitchen  

Photo: Aniruddha Chowdhury/Mint
Photo: Aniruddha Chowdhury/Mint

A patch of pink in the city

  • Minutes away from the crowds and high-rises roam large flocks of flamingos in Mumbai
  • There may never have been more flamingos than there are right now in the city

The move comes a day after the RBI cut the key policy rate by 25 bps from 6.50% to 6.25% (Reuters)
The move comes a day after the RBI cut the key policy rate by 25 bps from 6.50% to 6.25% (Reuters)

SBI rate cut: no impact?

  • Interest rate cut on spread, not on MLCR
  • The move will only benefit new borrowers with a loan amount of up to 30 lakh, most home loan borrowers will not see any immediate impact

Army soldiers near the site of the suicide bomb attack in Pulwama district of Jammu and Kashmir (PTI)
Army soldiers near the site of the suicide bomb attack in Pulwama district of Jammu and Kashmir (PTI)

All-party meet adopts resolution condemning Pulwama terror attack

  • Representatives from across political parties in attendance
  • Terrorism in India being actively encouraged from across the border: Resolution passed at the end of the meeting

Prarthana Mazumder, 24, a former syndication executive. (Pratik Chorge/ Hindustan Times)
Prarthana Mazumder, 24, a former syndication executive. (Pratik Chorge/ Hindustan Times)

Buy, rent, or pay an EMI?

  •  While young earners moving to new cities generally tend to go for EMI or rent while purchasing appliances owing to the lack of a lump sum, those who are settled mostly go for a direct purchase
  • Renting is a good idea if one knows that the usage of the appliance is not permanent and one may be constantly moving

India contests Pakistan's version of events and has said that Jadhav was not arrested in Pakistan, but kidnapped from Iran, where he was working after retiring from the navy. (AFP)
India contests Pakistan's version of events and has said that Jadhav was not arrested in Pakistan, but kidnapped from Iran, where he was working after retiring from the navy. (AFP)

India, Pakistan to argue at World Court amid tensions

  • The World Court will hear arguments on Monday in a dispute between India and Pakistan about former Indian navy commander Kulbhushan Jadhav
  • India wants the ICJ to order Pakistan to annul the conviction, ensure the death sentence is not carried out, and release Jadhav

Photo: Shutterstock
Photo: Shutterstock

Flights grounded at Dubai airport after unauthorized drone activity: Report

  • Dubai airport, which handled 89.1 mn passengers in 2018, is the world's busiest airport for international travelers
  • Earlier, Drone threats to commercial air traffic had hit operations at London's second busiest airport Gatwick Airport

NIL divergence is not an achievement to be published, RBI tells Yes Bank. (Mint)
NIL divergence is not an achievement to be published, RBI tells Yes Bank. (Mint)

RBI threatens action against Yes Bank for disclosing nil divergence report

  • RBI finds the disclosure of the nil divergence report in violation of the confidentiality clause, says Yes Bank
  • Yes Bank had earlier this week said RBI has not found any bad loan or provisioning divergence during FY18

Announcements for a child-free proponents’ meet and a baby shower at a Bengaluru café. Photo: Meghana Shastry/Mint
Announcements for a child-free proponents’ meet and a baby shower at a Bengaluru café. Photo: Meghana Shastry/Mint

Inside India’s anti-natalist cult

  • The anti-natalist and child-free by choice movements are gathering steam in India, thanks in part to one young man’s performance art
  • Raphael Samuel set newsrooms buzzing when he announced that he was suing his parents for giving birth to him without his consent

The Jet Airways bailout plan will see founder-promoter Naresh Goyal cede control of the airline to banks led by SBI, but the private carrier will continue to be professionally managed. (Reuters)
The Jet Airways bailout plan will see founder-promoter Naresh Goyal cede control of the airline to banks led by SBI, but the private carrier will continue to be professionally managed. (Reuters)

Jet Airways defers plans to sell stake in Jet Privilege

  • The decision comes a day after Jet Airways board approved a bailout plan to rescue the airline
  • Jet Privilege was estimated to have a valuation of $1.131 billion last year

A file photo of an Indian truck carrying wheat into Pakistan at the Wagah-Attari border. Most of the bilateral trade between India and Pakistan is routed through UAE and Singapore due to restrictions put in place by Islamabad. (Reuters)
A file photo of an Indian truck carrying wheat into Pakistan at the Wagah-Attari border. Most of the bilateral trade between India and Pakistan is routed through UAE and Singapore due to restrictions put in place by Islamabad. (Reuters)

Pulwama attack fallout: India moves to remove MFN status to Pakistan

  • India identified Pakistan as Most Favoured Nation (MFN) in 1996, but the latter has never done so despite agreeing to in 2012
  • India reviewed the MFN status to Pakistan after the Uri attack in 2016 but decided not to withdraw it

Finance minister Arun Jaitley and defence minister Nirmala Sitharaman after a meeting of Cabinet Committee on Security (CCS) in New Delhi on Friday. (PTI)
Finance minister Arun Jaitley and defence minister Nirmala Sitharaman after a meeting of Cabinet Committee on Security (CCS) in New Delhi on Friday. (PTI)

India piles pressure on Pakistan after Pulwama terror attack

  • Foreign secretary Vijay Gokhale summons Pakistan high commissioner Sohail Mahmood to the foreign ministry
  • 'Pakistan must take immediate and verifiable action' against JeM for the Pulwama terror attack, Gokhale tells Mahmood

A candle-light protest against the Pulwama terror attack at India Gate, New Delhi, on Friday. (PTI)
A candle-light protest against the Pulwama terror attack at India Gate, New Delhi, on Friday. (PTI)

Pulwama attack: India turns up the heat on 'non-state actors' in Pakistan

  • Whether or not India will carry out a surgical strike against Pakistan’s terror launchpads remain unclear
  • A surgical strike in PoK, similar to the one following the Uri attack, could have huge ramifications, say some experts

Total trade between India and Pakistan increased 6% to $2.4 billion in 2017-18 (Mint)
Total trade between India and Pakistan increased 6% to $2.4 billion in 2017-18 (Mint)

Withdrawing Pakistan's MFN status will divert trade

  • Most of the trade (around $3 billion) between India and Pakistan is routed either through the UAE or Singapore
  • Pakistan enjoys benefits of lower tariffs on its exports to India due to the Most Favoured Nation (MFN) status

IndiGo COO Wolfgang Prock-Schauer. The total pilot strength of the airline currently stands at about 3,100, including trainees. (Bloomberg)
IndiGo COO Wolfgang Prock-Schauer. The total pilot strength of the airline currently stands at about 3,100, including trainees. (Bloomberg)

IndiGo steps up hiring of expat pilots amid flight cancellations

  • IndiGo COO Wolfgang Prock-Schauer says the airline will hire 120 expat pilots by June 2019, taking their total number to 160
  • Pilot shortage is a reality with all Indian airlines, but IndiGo is affected more due to its aggressive expansion plans

Ranveer Singh and Alia Bhatt in a still from 'Gully Boy'.
Ranveer Singh and Alia Bhatt in a still from 'Gully Boy'.

Film review: ‘Gully Boy’ amplifies a voice from the streets

  • Rap battles and real struggles animate Zoya Akhtar’s film about an 'up-and-coming emcee' 
  • Ranveer Singh plays Murad, a rapper from Dharavi who channels his frustrations into rhyme 

Robin Sharma. (Pradeep Gaur/Mint)
Robin Sharma. (Pradeep Gaur/Mint)

We come back to life when we learn, reconnect to hope: Robin Sharma

  • In conversation with Robin Sharma, a leadership coach and author of 15 books including ‘The Monk Who Sold His Ferrari’ and ‘The Leader Who Had No Title’
  • Robin Sharma's new book, ‘The 5am Club: Own Your Morning, Elevate Your Life’, was released in India recently

The landmark Right To Information (RTI) Act was put into effect after years of a citizens’ movement for a tough transparency law. (Ramesh Pathania/Mint)
The landmark Right To Information (RTI) Act was put into effect after years of a citizens’ movement for a tough transparency law. (Ramesh Pathania/Mint)

CIC appointment needn't be confined to bureaucrats, says Supreme Court

  • The appointment of CIC and ICs should be completed in six months, says the Supreme Court
  • The directions issued by the Supreme Court are expected to ensure transparency in the CIC appointment process

Tax receipts from digital economy surge to 712 crore in FY19, shows data

  • Market for online ads on which a 6% equalization levy is applied is up from 9,800 crore in FY18 to 11,870 crore till mid-February
  • The idea behind the equalization levy is to tax services of digital service providers in other markets with a customer base in India

The company opened 40 new Tanishq stores in 2018-19, its highest number in a year (Mint)
The company opened 40 new Tanishq stores in 2018-19, its highest number in a year (Mint)

Titan plans to double market share in jewellery over 3-4 years

  • Wedding jewellery, which has been a focus area for the company, will be a key driver in reaching the target
  •  The company has around 2-3% market share in the wedding jewellery space

A national floor price has been the demand for years from workers and workers unions (Mint)
A national floor price has been the demand for years from workers and workers unions (Mint)

Panel recommends national minimum wage of 9750 per month   

  • The panel recommended an additional house rent allowance averaging up to 1,430 per month
  • States currently decide on minimum wages after taking into account several factors

This would be the second ETF offering by the government in the current fiscal which ends in March. 
This would be the second ETF offering by the government in the current fiscal which ends in March. 

Govt gets applications worth 50,000 crore for Bharat-22 ETF AOP

  • The sale is part of the government divestment target of 80,000 crore set for this fiscal
  • The one-day Additional Offering Period (AOP) managed by ICICI Prudential AMC launched on 14 February saw a subscription of over 14 times

 (Reuters)
(Reuters)

Paytm wants to cash in on Amazon's India distress   

  • Paytm is trying to bring stores and shopkeepers from the physical world to sell online, says Vijay Shekhar Sharma  
  • Paytm Mall has turned net contribution positive  

Kotak Mahindra Bank CEO and MD Uday Kotak (Mint)
Kotak Mahindra Bank CEO and MD Uday Kotak (Mint)

India needs to boost private investment for growth, says Uday Kotak

  • Infrastructure logjam needs to be removed
  • Government needs to create bigger local private equity pool

 (Reuters)
(Reuters)

Jet Airways seeks to raise $840 million from share sale: Report

  • National Investment and Infrastructure Fund will funnel 1,500 crore into Jet Airways for a 20% stake, according to a report
  • Jet may propose to raise 4,500 crore via a rights issue priced at 125-150 per share

Fiat India has informed Maruti Suzuki that it will not be able to produce and supply 1.3-litre diesel engines after 31 March 2020 when the BS-VI emission norms are enforced. (Bloomberg)
Fiat India has informed Maruti Suzuki that it will not be able to produce and supply 1.3-litre diesel engines after 31 March 2020 when the BS-VI emission norms are enforced. (Bloomberg)

Maruti Suzuki, Mahindra see end of road for diesel cars

  • Maruti’s talks with Suzuki include whether it should completely stop producing diesel cars in India
  • Mahindra wants to offer petrol variants across models, barring the Bolero, says managing director Pawan Goenka

The Paytm-ICICI Bank deal comes amid a liquidity crisis and banks' unwillingness to lend to startups and NBFCs. (Bloomberg)
The Paytm-ICICI Bank deal comes amid a liquidity crisis and banks' unwillingness to lend to startups and NBFCs. (Bloomberg)

Paytm okays pledge on current assets for 1,400 crore loan from ICICI Bank

  • Under the Paytm-ICICI Bank deal, One97 has pledged to the bank 7,081.1 crore in assets to boost its borrowing capacity
  • Until now, Paytm could borrow up to 400 crore from ICICI Bank for working capital

Arun Jaitley after Cabinet Committe meeting. Photo: Twitter/@ANI
Arun Jaitley after Cabinet Committe meeting. Photo: Twitter/@ANI

Pulwama attack: Will completely isolate Pakistan, says Jaitley after CCS meet

  • Ministry of Commerce will take necessary steps to withdraw the most favoured nation status to Pakistan
  •  Arun Jaitley also added that MEA will take all possible steps to ensure that full security is maintained

For the December quarter, India registered “solid” growth in volumes (Bloomberg)
For the December quarter, India registered “solid” growth in volumes (Bloomberg)

Product launches aid growth at Coca Cola’s India business  

  • In 2018, Coca-Cola launched over 18 products including variants across Minute Maid, Maaza and Thums-Up brands
  • Unit case volume growth in India during the year also aided demand growth for part of its beverage portfolio globally

The CJI's comments on Rafale review came on Friday morning on an unrelated case (Ramesh Pathania/Mint)
The CJI's comments on Rafale review came on Friday morning on an unrelated case (Ramesh Pathania/Mint)

Rafale review: CJI defends SC, criticises lawyers for giving publicity

  • Chief Justice Ranjan Gogoi said the review application was filed with defects
  • No efforts were made to remove those defects, he added

Gamification of education will lead to lifelong learning and create a productive young workforce . File photo: HT
Gamification of education will lead to lifelong learning and create a productive young workforce . File photo: HT

How students will plan their own lessons: Byju Raveendran on future of education

  • Students will be able to decide ‘what’ they learn, ‘how’ they learn and ‘when’ they learn, charting their own path to achieve excellence 
  • The use of tech will bring down the cost of delivering and accessing quality education, and create an equitable education system

 (Reuters)
(Reuters)

US negotiating multibillion-dollar fine with Facebook  

  • Facebook said in a statement it is cooperating with US Federal Trade Commission
  • The FTC investigation, opened nearly a year ago, focuses on whether Facebook failed to honor previous privacy commitments

The debris following the Pulwama terror attack. Going forward, experts see suicide attacks becoming more frequent in Jammu and Kashmir. (Reuters)
The debris following the Pulwama terror attack. Going forward, experts see suicide attacks becoming more frequent in Jammu and Kashmir. (Reuters)

Pulwama attack signals a return of terror tactics used in the 1990s

  • Pulwama terror attack shows JeM has emerged a bigger terror outfit than LeT and Hizbul Mujahideen in Kashmir
  • JeM is seen adopting terror tactics of the Taliban, Al-Qaeda and Islamic State—carrying out suicide attacks that wreak maximum destruction and minimum casualties for terrorists

Vinod Bhanushali
Vinod Bhanushali

T-Series ventures into digital space with web shows, films

  • Vinod Bhanushali, president, media, marketing, publishing (TV) and music acquisitions, T-Series, will head the venture
  • T-Series is looking to collaborate with digital platforms such as Netflix, Amazon Prime Video, Hotstar and Zee5

Govt gets 10,000 crore from additional offering of Bharat-22 ETF

  • The additional 'on-tap' offering was opened for a single day with a base issue size of 3,500 crore
  • Govt has mopped up approximately 46,000 crore by way of disinvestment

The new Lamborghini Huracán Evo. 
The new Lamborghini Huracán Evo. 

Huracán Evo: Need for speed

  • Lamborghini has just launched its next generation V10 sports car—the Huracán Evo—in India
  • It promises to be an update on the standard Huracán in terms of looks and power

Jet has been combating a cash crunch for the past six months amid high jet fuel costs. (Pradeep Gaur/Mint)
Jet has been combating a cash crunch for the past six months amid high jet fuel costs. (Pradeep Gaur/Mint)

Jet Airways, on the verge of collapse, now close to a bailout

  • As per the Jet Airways bailout plan, banks will become majority owners of the airline, pushing out founder-promoter Naresh Goyal
  • The Jet Airways bailout plan is similar to the offered to Kingfisher Airlines in 2011; that airline shut down three years later

Delhi Metro's new Ghaziabad corridor to open soon with red line extension

  • Trains will be available at a peak hour frequency of six minutes and twelve seconds on the Dilshad Garden–New Bus Adda section.
  • The total journey from Dilshad Garden to New Bus Adda will take about 16 minutes

Vicky Bindra, CEO, Pine Labs.
Vicky Bindra, CEO, Pine Labs.

Pine Labs eyes unicorn tag with new funding

  • Temasek’s deep network in several Asian nations could help Pine Labs expand operations in Southeast Asia
  • Pine Labs is likely to use the new cash to expand into international markets and make acquisitions

Ensembles from Alamwar’s Spring 2019 collection, ‘Silk Road’. 
Ensembles from Alamwar’s Spring 2019 collection, ‘Silk Road’. 

Alamwar, a Hyderabad-based textile label in Mumbai

  • Alamwar, a fashion and textiles label founded by Viji Reddy, made its debut in Mumbai’s Melange boutique this January 
  • The brand’s first collection titled Silk Road is inspired by the aesthetics of Central Asia

 (iStock)
(iStock)

Equity mutual fund inflows dip: Wait it out

  • When you are investing in equity mutual funds, look at staying invested for a long term, over seven to ten year period
  • For your wealth to grow, you need to have exposure to equities and going through mutual funds is a prudent move