Fund houses, Kapoor in a bind as Yes Bank stock remains under pressure

• Yes Bank shares fell 5.6% today, making the lender the biggest loser on the Nifty in the first hour of trade
• The stock has dropped a 75% in the last five months and needless to say has spooked everyone, including Kapoor

Rashesh Shah of Edelweiss says credit markets to return to normalcy by year-end

• Steps taken by the government will also help alleviate concerns around NBFCs, he said
• Interest-rate cuts and infusion of liquidity by the RBI will aid the credit market, he added

‘I’ve been working’ on the economy, Nirmala Sitharaman tweets after criticism

• 'I’ve been working on and regularly speaking about measures we’ve been taking on matters of the economy,' Finance Minister Nirmala Sitharaman wrote on Twitter
• Sitharaman is due to address a press conference today after a meeting with heads of state-run banks

Infosys confident of taming high attrition rate with skilling, other incentives

• The attrition rate at Infosys was at 23.4% in April-June, up 3% from 20.4% in the previous quarter
• This was much higher than competitor Tata Consultancy Services' attrition rate of 11.5% in the quarter ended June

RBI reserves can fund national security exigencies: Bimal Jalan

• 'It’s up to government and the RBI. The RBI can revise its opinion. It’s not written in stone'
• 'Both the RBI and the finance ministry take action based on the current situation. If circumstances change, the action will change'

The loneliness of the delivery man

Ferrying a Swiggy or Zomato delivery may earn just ₹30-40 per order. Is it fair?

Maruti chairman says millennials want gadgets over cars

• There’s no point in a temporary cut in GST rates, says R.C. Bhargava
• Bhargava says the buying power of Indian consumers has not risen in line with the increase in car prices

Will hefty traffic fines improve road safety?

Most Indian accidents are a result of speeding but improving road safety will require more than just increased penalties

New framework for easier access to data on defaults in works

• The framework will seek to bridge the gap in default rates disclosed by rating firms and those available on RBI’s repository
• RBI has initiated an inspection of credit information companies to assess the quality of information

RBI looking at how NBFCs, HFCs set their lending rates

• The central bank is not likely to enforce external benchmarks on NBFCs and HFCs
• The matter came up at an internal RBI discussion on external benchmarks, which are binding on all banks beginning 1 October

Some relief for H-1B visa holders as work ban on spouses pushed back

• The H-4 visa is issued to dependent family members — spouse and children — of the H1-B visa holders
• The biggest beneficiary of the H-4 visa programme is primarily the Indians, the spouses of H1-B visa holders

Youngsters today find shared mobility economical, says Maruti’s Bhargava

Indian automakers are now on par with Europe and America in terms of quality but the purchasing power of domestic buyers has not grown enough to afford the increased product prices, says R.C. Bhargava, chairman, Maruti Suzuki India

Going, going, gone: 2,700 mementos gifted to PM on the block

• Among the 500 items on display, a photograph of PM Modi with his mother received a bid of ₹10 lakh
• The central culture ministry on 14 September had launched the e-auction to sell 2,700 mementos received by the PM, the proceeds of which will go to the Namami Gange Mission

RBI may not allow lenders to offer teaser home loans

• The discussion around teaser loans started after RBI directed banks to link their floating rate retail loans to an external benchmark earlier this month
• The central bank has not been in favour of these products ever since SBI first introduced them in 2009-10

Sensex falls over 300 points; SBI, ICICI Bank lead losses: 10 updates

• Selling pressure was seen in banking, metal and IT stocks
• Overnight, the US Federal Reserve cut interest rate by 25 basis points

US Fed slashes rates but indicates no more cuts: What does it mean for India?

• The US central bank lowered the target range for its key interest rates by 25 basis points to between 1.75% and 2%,
• Since July, FIIs have sold Indian shares worth $2.82 billion, but have remained net buyers with $6.59 billion in the year so far.

Trai weighs deferring date for scrapping IUC

• Interconnect usage cost is levied by networks handling incoming calls from rival networks
• Scrapping IUC or reducing it would help operators with more outgoing traffic than incoming calls

For A320neo, your baggage is a huge challenge

• French aerospace major Airbus SE has identified a problem with the centre of gravity envelope of A320neo planes
• A DGCA official said it is a potential problem with the airframe, not an engine issue

Democracy, Gandhi on U2's mind ahead of India gig

• The concert in Mumbai on 15 December marks the final stop on the Irish rock band’s Joshua Tree tour
• Gandhi and his principles of non-violence are an important pillar of what our band stands for, says U2

NCLAT to review settlement between McDonald’s and Bakshi

• NCLAT says the settlement reached was prima facie in violation of a Debt Recovery Tribunal order
• Bakshi has been asked not to leave the country without NCLAT’s permission

Netflix, Amazon Prime, Hostar go over the top with budget, ideas and scale

• Hotstar has set aside ₹120 crore to make special shows in seven different languages for the Indian market this year
• Netflix plans to come out with four web series in 2019 and 15 original Indian feature films by 2020

Vodafone Idea jumps 16% as company still number one in user base

• The latest subscriber data, released by TRAI, showed Vodafone Idea leading with 38 crore subscribers
• It was followed by Reliance Jio with 33.98 crore, and Airtel with 32.85 crore users

Petrol price: Today's hike the biggest in 2 months; diesel too up sharply

• In the last four days alone, the price of petrol has shot up by 68 paise per litre and that of diesel by 58 paise a litre
• The latest round of fuel price hike is directly related to the drone strikes on Saudi Arabia's oil facilities on Saturday

Five things to watch out for in Nirmala Sitharaman's meeting with PSB heads

• Finance minister Nirmala Sitharaman will discuss the consolidation of 10 public sector banks into four bigger and stronger banks
• At present, there are 18 PSBs, against 27 in 2017. There will be only 12 public sector lenders post merger

EPF account: How to submit e-nomination at EPFO

• Filing of online pension claims is also dependent on the availability of e-nomination by the PF account holder
• You must activate your UAN and link it to Aadhaar before submitting e-nomination, according to EPFO rules

Panel to hear taxpayer before invoking GAAR under new set of rules

• New  rules mandate officials to refer a suspected case of tax avoidance to a panel of senior officials
• The Income Tax (8th Amendment) Rules, 2019 specify how tax officials should refer a suspected case of tax avoidance to a panel of senior officials and what should be the role of the panel

Gurgaon's Rapid Metro train might stop services from this weekend

• Rapid Metro Rail Gurgaon South Ltd said it was willing to continue for the time being
• Gurgaon Rapid Metro is India's first privately-owned Metro

Delhi transport strike to protest against MV Act: Bus, cab services affected

• Many schools in the national capital will remain closed today
• All the major associations who run trucks, buses, autos, tempos, maxi-cabs and taxis in Delhi and Noida have joined the one-day protest

Telecom panel meeting today to decide on 5G rollout plan

• The panel will also review the government’s plan to roll out public wifi hotspots
• Trai had first sent its suggestions in August last year and stood by its spectrum pricing proposal again in July this year

Mumbai Metro: Akshay Kumar takes a train ride, nobody recognises him

• Akshay Kumar quietly travelled in a Mumbai Metro train from Ghatkopar to Versova
• A number of daily commuters were standing near him but he easily escaped their attention

Justin Trudeau says 'deeply sorry' for his brown face makeup photograph

• The photo showed Justin Trudeau wearing a turban and robes along with his face, neck and hand darkened at a party in 2001
• Trudeau, 47, who won the 2015 election, is facing a lot of pressure over a corruption scandal and other controversies

Rajnath Singh becomes first defence minister to fly in Tejas. Watch here

• Tejas last week became the first aircraft in India to successfully perform an 'arrested landing' in Goa
• Rajnath Singh would also be attending an exhibition of DRDO in Bengaluru

Gold prices fall for third day, down ₹2,300 from highs; silver rates plunge

• Global gold prices are also down sharply from six-year highs hit earlier this month
• Silver has suffered bigger declines as compared to gold

Mumbai rains: Schools closed today amid IMD forecast of heavy rainfall

• As a precautionary measure, a holiday has been declared for all schools and junior colleges in Mumbai
• IMD said intermittent rain or showers are likely in Mumbai and suburbs today with possibility of extremely heavy rainfall at isolated places

Delhi lab printed fake visas, forged passports; 7 arrested

• Delhi Police has recovered a numbers of forged passports from the lab
• The gang usually targeted young job aspirants from Nepal who wanted to get jobs in foreign countries

Fed cuts target interest rate by 25 bps to a range of 1.75-2%, as expected

• US Fed divided as three officials vote against rate cut decision
• Federal Reserve cuts key policy rate for second time this year, with promise to 'act as appropriate' to sustain expansion

SBI, HDFC Bank, Axis, Kotak Bank revise FD rates this month. How they compare

• All the major lenders offer FDs ranging from seven days to 10 years
• Senior citizens get an additional interest rtae over the slab rates for regular customers

GST Council to cut rates, luxury hotels and catering firms on the list

• The Council is likely to announce a cut in tax rates at its Friday meeting
• The idea is to provide impetus, by way of lower taxes, to segments of industry that are not big revenue contributors

Do too many founders spoil a startup?

Establishing a firm with several partners comes with its share of ‘wow’ and ‘ouch’ moments

6,000 institutes must finish accreditation by 2022, says AICTE

• Colleges will not be allowed to offer courses if they fail to complete the accreditation, says AICTE
• Top technical schools will be provided financial support to help others in achieving the goal, the ministry has said

Tiger Global leads funding in Wow! Momo Foods, valuing it at $120 million

• This is global investor Tiger Global’s first investment in a quick-service restaurant brand in India
• The company said it has been Ebitda positive since inception and growing at a compound annual growth rate of over 50% for the last three years

Mumbai gears up for another extreme rainfall event, IMD issues red warning

• The IMD has predicted very heavy rainfall at isolated places in Maharashtra, especially over Vidarbha, ghat areas of Madhya Maharashtra and north Konkan, Goa, among others
• A red warning has been issued for North Konkan and Madhya Maharashtra for Wednesday

Trump on Fed rate cut: ‘No guts, no sense, no vision’

• On the quarter-percentage point interest rate cut, US President Donald Trump says Powell and the Federal Reserve fail again
• Fed says Trump's trade war with China and a global economic showdown ran the risk of creating headwinds for US economic growth

Indian Railways adding extra seats for train passengers. Thanks to new tech

• The Railways is planning to replace one of the power cars with a new compartment
• A total of 342 trains have already been converted into HOG or Head on Generation technology under which the power will be drawn from the overhead electric supply

Watch: Astra missile successfully flight tested from Sukhoi-30 MKI fighter jet

• The Astra missile has a 15-kg high-explosive pre-fragmented warhead
• The Astra missile is a beyond visual range missile

Govt proposes to corporatise EPFO, ESIC; appointment of CEOs for first time

• Ministry of Labour & Employment has circulated a draft of the Code on Social Security, 2019 and sought stakeholder and public comments till 25 October
• At present, EPFO and ESIC work more like autonomous bodies run by trustees and board

Opinion | Let’s not regulate the ease of doing business

An RBI rule that bars Indian companies from owning a stake in a foreign firm that has investments in India may seem a reasonable way to block dubious flows of money. It is not

Saudi Arabia says oil attacks ‘unquestionably sponsored by Iran’

• Saudi says despite Iran’s effort to make it appear so, the attack did not originate from Yemen
• Iran has denied responsibility

How delay in EPFO interest payment impacts lakhs of subscribers

• Till the time interest is credited to the account, the amount will not get compound interest
• If a subscriber has ₹1 mn deposit in his EPF account, he or she will not get the benefit of compound interest of ₹86,500 for half a year