While Sebi already has a robust set of regulations regarding encumbrance disclosure, they proved not to be enough
While Sebi already has a robust set of regulations regarding encumbrance disclosure, they proved not to be enough

Sebi board to tighten rules on share pledging

  • The idea is to cover all innovative structures and methods used by promoters, says a source
  • As of today 38,531 million shares are pledged across 790 listed firms and about 46.03% of these are promoter pledges

An empty front desk is seen inside the Jet Airways headquarters in Mumbai. (Reuters)
An empty front desk is seen inside the Jet Airways headquarters in Mumbai. (Reuters)

Jet Airways creditors asked to submit claims by 4 July

  • The airline owes over 8,500 crore to a consortium of 26 banks led by State Bank
  • The resolution professional for Jet Airways has invited claims from all creditors to the grounded airline

L&T, on 17 June, launched its 10-day long open offer to purchase 31% stake from public shareholders (including Nalanda) in Mindtree at a price of  ₹980 per share.
The government is particularly keen to find a way to get the excess reserves as it needs funds to stimulate a weakening economy hit by sagging consumption. REUTERS/Francis Mascarenhas
The government is particularly keen to find a way to get the excess reserves as it needs funds to stimulate a weakening economy hit by sagging consumption. REUTERS/Francis Mascarenhas

RBI plans for transferring excess reserves opposed and delayed

  • Sources say Finance Secretary Subhash Chandra Garg is in favour of higher transfer
  • Deputy Governor Viral Acharya, whose resignation was only disclosed on Monday, had also defended the RBI's excess reserves

Huawei at present has most of its equipment installed in the network of Bharti Airtel and Vodafone Idea. (AP)
Huawei at present has most of its equipment installed in the network of Bharti Airtel and Vodafone Idea. (AP)

Huawei says ready to sign ‘no back door’ pact with India

  • Huawei India CEO Jay Chen says it also encourages other original equipment manufacturers to sign this kind of pact with the govt and telecom operators
  • Chen says Huawei wants a level playing field in India

RBI deputy governor Viral Acharya. Photo: Mint
Jio's total user base now stands at 314.8 million
Finance Minister Nirmala Sitharaman  (Photo: ANI)
Vitara Brezza was the sixth best selling model in May last year with 15,629 units.

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IndiaMart IPO closes on June 26
The rupee open flat against the US greenback.
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India took 48% less oil from Tehran at about 275,000 bpd from Nov 2018-May 2019 (Photo: Reuters)
India took 48% less oil from Tehran at about 275,000 bpd from Nov 2018-May 2019 (Photo: Reuters)

Filling Iran oil gap in India: US supplies outshine Middle East crude

  • India bought about 184,000 barrels per day oil from US over Nov 2018 to May 2019, compared with about 40,000 bpd in the year-ago period
  • Donald Trump's administration renewed sanctions against Iran last year over its nuclear programme

Plain Facts
TVS Motor chairman Venu Srinivasan. Photo: Mint
Walmart Inc in May last year had announced that it is buying 77 per cent stake in Flipkart for about $16 billion (Mint)
Walmart Inc in May last year had announced that it is buying 77 per cent stake in Flipkart for about $16 billion (Mint)

IPO long-term strategy, currently focused on driving e-commerce growth: Flipkart

  • The statement comes amid reports that Flipkart is looking at tapping into the US equity market by 2022
  • An IPO has always been part of Flipkart's ambitions and long-term strategy but right now, we don't have a time frame on that, a Flipkart spokesperson said

Long Reads
Bitcoin's rally continues to gather pace. (Photo: Bloomberg)
Bitcoin's rally continues to gather pace. (Photo: Bloomberg)

Bitcoin prices cross $11,000 with another big surge

  • The largest cryptocurrency had a furious run higher in late 2017
  • Bitcoin surged 13% gain from late Friday that put it at the highest levels since March 2018

Evaluating selling entire 20% stake in Shriram Capital: Piramal Enterprises

  • The company had earlier this month sold its entire holding of 10% holding in Shriram Transport Finance Co Ltd for 2,300 crore
  • In April this year, Piramal Enterprises had announced its intention to exit from investments in Shriram and optimally redeploy capital for strategic growth in its own financial services business

Gwalior: Mirage-2000 aircraft during the Commemorating 20 years of the Kargil War,in Gwalior Air Base.  (PTI )
Gwalior: Mirage-2000 aircraft during the Commemorating 20 years of the Kargil War,in Gwalior Air Base. (PTI )

Laser-guided bomb system for Mirage-2000 was done for Kargil War: IAF Chief

  • To accelerate the modification of the aircraft, its integration with targeting pods and 1000-pound laser guided bombs were done in a record time
  • Dhanoa asserted said deploying Mirage-2000 jets and air support to ground forces turned the tide of the 1999 war in favour of India

(Photo: AFP)
A general view shows waste left behind following the large-scale weddings of the brothers Suryakant and Shashank Gupta of the South Africa-based Gupta family, following days of celebrations in the Auli hill station in Uttarakhand state (Photo: AFP)
A general view shows waste left behind following the large-scale weddings of the brothers Suryakant and Shashank Gupta of the South Africa-based Gupta family, following days of celebrations in the Auli hill station in Uttarakhand state (Photo: AFP)

Gupta weddings over, Auli stares at quintals of waste

  • Over 220 quintal waste had been collected from the wedding site between Sunday and Monday noon
  • The Municipality officials said they would be able to completely clean the site only by 30 June

A file photo of Flipkart co-founder Binny Bansal. (AFP)
A file photo of Flipkart co-founder Binny Bansal. (AFP)

Binny Bansal sells 531 crore Flipkart shares to Walmart

  • Binny Bansal's equity shares sold $76 million worth of his shares in Flipkart to Walmart's Luxembourg entity FIT Holdings SARL
  • Walmart increased its equity holding in Flipkart by buying 5,39,912 shares

Actor Shahid Kapoor at a press meet to promote his  film 'Kabir Singh in New Delhi on 19 June 2019. (Photo: IANS)
TCS Japan has achieved double-digit revenue growth in constant currency terms in each of the last two years. Photo: Mint
Abhiraj Bhal, co-founder of UrbanClap. (Pradeep Gaur/Mint)
Abhiraj Bhal, co-founder of UrbanClap. (Pradeep Gaur/Mint)

After Dubai, UrbanClap arrives in Abu Dhabi

  • With the launch in Abu Dhabi, UrbanClap now provides its services across 10 cities in India and 2 cities in the UAE
  • UrbanClap aims to grow its UAE business two times (month-on-month)

The report estimates that the logistics sector will witness a growth of 3%
AIADMK party workers perform 'yagna' rituals to pray for good rains, at a temple in Chennai on Saturday. (PTI)
AIADMK party workers perform 'yagna' rituals to pray for good rains, at a temple in Chennai on Saturday. (PTI)

From Yagna to drywashing cars, how Chennai is battling water crisis

  • Hyundai Motor has asked its customers to 'dry wash' cars
  • Cognizant has installed special nozzles in washbasin taps that lowers water consumption by 80%

A file photo of Rana Kapoor, the founder of Yes Bank Ltd. (Bloomberg)
The deal helped Siddhartha repay his debt of about  ₹2,900 crore, vastly improving his financial condition (Priyanka Parashar/Mint)
Led by gadget lover Modi who is on Apple family of devices, his second-in-command and Union Home Minister Amit Shah is currently using a brand new Apple XS. (Photo: Reuters)
Led by gadget lover Modi who is on Apple family of devices, his second-in-command and Union Home Minister Amit Shah is currently using a brand new Apple XS. (Photo: Reuters)

iPhone vs Android: The ministers' choice

  • Several key ministers are quite tech-savvy and use best-in-class Apple and Android-based smartphones
  • Admitting his fondness for gadgets, the Prime Minister only uses top-end Apple devices

Bengaluru-based Sridhar Segu gave two loans through Karvy Private Wealth, and is yet to recover one of them. (Photo:  Ramegowda Bopaiah/Mint)
Bengaluru-based Sridhar Segu gave two loans through Karvy Private Wealth, and is yet to recover one of them. (Photo: Ramegowda Bopaiah/Mint)

Who took my money: The builder or wealth adviser?

  • The Karvy incident highlights why you should be wary of privately-placed products
  • Investors should read the documents, fine print of financial products carefully, especially in privately-placed products where regulatory control is lower

Financial planners advise you to not put the entire corpus in a single instrument and maintain your asset allocation. (Photo: iStock)
Financial planners advise you to not put the entire corpus in a single instrument and maintain your asset allocation. (Photo: iStock)

Strategize your FD investments as rates drop

  • FD interest rates may drop further eventually, so it may make sense to lock in now, but make sure your investments are in sync with your money goals
  • If your investment horizon is medium to long term, it makes sense to lock into a long-term FD now

Gajendra Singh Shekhawat taking charge as the Union Minister for Jal Shakti, at Shram Shakti Bhavan in New Delhi. (ANI Photo)
Gajendra Singh Shekhawat taking charge as the Union Minister for Jal Shakti, at Shram Shakti Bhavan in New Delhi. (ANI Photo)

Water shortage could cut food exports, warns Jal Shakti minister

  • Government research bodies and experts say Indian farmers need 4,500 to 5,000 litres of water to grow one kg of rice
  • From being a food-deficit country, India has achieved the distinction of being a top exporter of food

Donald Trump and Xi Jinping. (File Photo: AP)
Donald Trump and Xi Jinping. (File Photo: AP)

US-China trade teams hold talks ahead of G-20

  • Both the sides were seeking to ‘consolidate the important consensus reached between Trump and Xi in a telephone call last week
  • The G-20 meeting is the first opportunity Trump and Xi have had to thrash out the trade dispute face-to-face since Trump said he was preparing to target the $300 billion in Chinese imports that he hasn't already hit with tariffs

FILE - In this Nov. 1969 photo made available by NASA, Apollo 12 mission Commander Charles P. 'Pete' Conrad stands on the moon's surface. (AP Photo/NASA)
FILE - In this Nov. 1969 photo made available by NASA, Apollo 12 mission Commander Charles P. 'Pete' Conrad stands on the moon's surface. (AP Photo/NASA)

50 years later, the moon is still great for business

  • Hundreds of millions of people were riveted when Apollo 11 landed on the moon on July 20, 1969
  • Naturally, marketers jumped at the chance to sell products from cars and televisions, to cereal and a once-obscure powdered drink called Tang

Tech Mahindra's K2 humanoid robot. Source: twitter/Harsh_Soin
Tech Mahindra's K2 humanoid robot. Source: twitter/Harsh_Soin

Tech Mahindra introduces AI-based Humanoid in Noida

  • K2 leverages state-of-the-art Artificial Intelligence (AI) technology and initiates conversation without any need for wake-up commands
  • The company plans to deploy the next Humanoid in its Pune campus and will further enable K2 software to carry out empathetic conversations from associate's wellness perspective

A file photo of Akhilesh Yadav and Mayawati.
Finance minister Nirmala Sitharaman during 35th meeting of GST Council on Friday. (Photo: PTI)
Infosys has signed long-term Agile Integrated Application and Infrastructure Management agreement with TMHE. (Bloomberg)
(Photo: iStock)
(Photo: iStock)

Opinion | The first regulation for big tech should be to guard mental health

Those who monitor content endure audio-visual content that graphically depicts man’s inhumanity to man

People queue up to fill their vessels following acute water shortage, in Chennai (Photo: PTI)
People queue up to fill their vessels following acute water shortage, in Chennai (Photo: PTI)

Opinion | Water crisis and the need for a water exchange system

Water exchange works like any stock exchange , but instead of selling stock, sellers offer water to buyers

(Photo: iStock)
(Photo: iStock)

Opinion | The outsider’s perspective and the wisdom of lateral hiring

For outsiders to be taken seriously by insiders, outsiders have to become insiders as lateral recruits

MoS for Micro, Small, Medium Enterprises and Animal Husbandry Pratap Chandra Sarangi speaks in the Lok Sabha
MoS for Micro, Small, Medium Enterprises and Animal Husbandry Pratap Chandra Sarangi speaks in the Lok Sabha

Congress-BJP spar in Lok Sabha over motion of thanks on President’s address

  • Earlier lot of people spoke about Mahagatbandhan. This is neither maha (big) nor gatbandhan (alliance), says BJP’s Pratap Sarangi
  • Congress’ Adhir Ranjan Choudhary took on the BJP government on issues of economy, unemployment among others.

Finance Minister Nirmala Sitharaman during the Budget Session, in New Delhi (Photo: PTI)
Finance Minister Nirmala Sitharaman during the Budget Session, in New Delhi (Photo: PTI)

Bad loan recoveries at 45,593 crore surpass write-offs in 2018-19: Sitharaman

  • The write-offs stood at 36,377 crore during the year, the FM told Parliament
  • The year-on-year rise in recoveries and recapitatlisation in PSBs during FY19 was much faster than the rise in write-off figures on bank loans, Sitharaman said in a written reply