US President Donald Trump in May effectively barred Huawei from American communications networks after Washington found the company had violated US sanctions on Iran (File photo: Reuters)
US President Donald Trump in May effectively barred Huawei from American communications networks after Washington found the company had violated US sanctions on Iran (File photo: Reuters)

Wall Street at record levels after US extends Huawei reprieve; chipmakers rise

  • US extends license for businesses to work with Huawei by 90 days
  • HP dips after rejecting Xerox's $33.5 bn bid; Coty gains after taking stake in Kylie Jenner's businesses

The bank may sell 6-7% equity stake. The plan is to raise the entire money in a single tranche (Photo: Bloomberg)
The move follows a Supreme Court judgement that dealt a  ₹92,000 crore blow to older telecom operators (Photo: Mint)

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NCP chief Sharad Pawar speaks to reporters after his meeting with Congress president Sonia Gandhi (Photo: Pradeep Gaur/Mint)
NCP chief Sharad Pawar speaks to reporters after his meeting with Congress president Sonia Gandhi (Photo: Pradeep Gaur/Mint)

Pawar keeps Shiv Sena guessing on govt formation after talks with Sonia

  • Pawar on Monday remained non-committal after his talks with the Congress chief, saying they did not discuss about supporting any party
  • Pawar also ruled out any tie-up with the BJP

US President Donald Trump.  (REUTERS)
US President Donald Trump. (REUTERS)

Donald Trump tweets he might be willing to testify in impeachment inquiry

  • The hearings could pave the way for the House to approve articles of impeachment - formal charges - against Trump
  • Denying any wrongdoing, the Republican president has railed on Twitter and elsewhere against the inquiry and attacked witnesses by name in recent days

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Finance minister Nirmala Sitharaman (Photo: PTI)
(Photo via official Facebook page of Bharat Serums)

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SpiceJet is an existing customer of Boeing for its single-aisle fleet. Photo: Mint
Plain Facts
A high-level meeting on air pollution chaired by C.K. Mishra, secretary, environment ministry, in New Delhi on Monday. (PTI)
Long Reads
Despite a fall in passenger traffic in the past 4 months, passengers carried by airlines in January to October grew 3.1% to 118.2 mn . (Mint)
Until now a total of four players in payment banking space have shut shops. (Pradeep Gaur/Mint )
Until now a total of four players in payment banking space have shut shops. (Pradeep Gaur/Mint )

Aditya Birla Idea Payments Bank headed for liquidation

  • RBI said that the Bombay High Court has appointed Vijaykumar V Iyer, Senior Director of Deloitte Touche Tohmatsu India LLP as the liquidator of Aditya Birla Idea Payments Bank
  • In February 2018, Aditya Birla Idea Payments Bank had become the fourth entity to begin payments banking operations

A file photo of Siachen glacier (Photo: AP)
(Photo: iStock)
The RBI has been blaming banks for slower transmission of its policy moves into their lending rates and continuously nudging them to cut more (Photo: Aniruddha Chowdhury/Mint)
The RBI has been blaming banks for slower transmission of its policy moves into their lending rates and continuously nudging them to cut more (Photo: Aniruddha Chowdhury/Mint)

'RBI has cut rates by 110 bps since April, but avg lending rates goes up 8 bps'

  • The finding was part of a report by economists at Bank of America Merrill Lynch
  • Economic growth has fallen to a six-year-low of 5% in the June quarter and is widely expected to slip further

(Photo: Reuters)
Higher income, nutritional aid and lower prices would help developing nations eat better, say researchers (Photo: iStock)
Higher income, nutritional aid and lower prices would help developing nations eat better, say researchers (Photo: iStock)

Only rich can afford healthy diet

A diet of whole grains and plant-based food that is healthy for humans and the planet is unaffordable for a quarter of the globe, suggests new research

Mohandas Pai said about 80% of those who lose jobs would have employment opportunities in industries in general if they are specialists
Mohandas Pai said about 80% of those who lose jobs would have employment opportunities in industries in general if they are specialists

IT companies may shed 30,000-40,000 mid-level staff: TV Mohandas Pai

  • The former Chief Financial Officer of IT major Infosys Ltd termed these job losses as once-in-five-years normal phenomenon with maturing of the industry
  • Pai said about 80% of those who lose jobs would have employment opportunities in industries in general if they are specialists

IndiGo CEO Ronojoy Dutta (PTI)
IndiGo CEO Ronojoy Dutta (PTI)

Replacing Pratt engines in IndiGo fleet by end of January a challenge: CEO

  • IndiGo is focussed on growing its international routes and the plane order includes a long-range version of the single-aisle A320neo family
  • In October IndiGo placed an order for another 300 A320neo-family jets but it has yet to decide the engine provider - P&W or CFM

Photo: Mint
India's Prime Minister Narendra Modi speaks to the media inside the parliament premises on the first day of the winter session in New Delhi, India (Reuters)
India's Prime Minister Narendra Modi speaks to the media inside the parliament premises on the first day of the winter session in New Delhi, India (Reuters)

Rajya Sabha is about checks and balances, not a secondary house: PM Modi

  • He added that while the lower house is attached to the ground, the upper house can see the future
  • 'A combination of both things we get to see through the Parliament houses. The house has played a key role in creating history'

Transactions between relatives may be scrutinized by authorities from a tax avoidance perspective, hence adequate documentation should be maintained to establish their genuineness (Photo: iStock)
Transactions between relatives may be scrutinized by authorities from a tax avoidance perspective, hence adequate documentation should be maintained to establish their genuineness (Photo: iStock)

Tax dept can scrutinize gift transaction within HUF, so do proper paperwork

  • There should not be any tax implications in the hands of the HUF in providing gifts to individual members
  • There should be no tax implications on the drawing of interest-free loans by you from the HUF, provided it can be established as a genuine transaction

Government had earlier this year amended the Companies Act to decriminalize 16 procedural offences into civil wrongs that does not warrant a jail term. (Bloomberg )
Government had earlier this year amended the Companies Act to decriminalize 16 procedural offences into civil wrongs that does not warrant a jail term. (Bloomberg )

Government Panel recommends review of disciplinary rules on directors, auditors

  • The World Bank’s Ease of Doing Business 2020 survey released this year showed that India had climbed 14 places from last year’s survey to stand at 63
  • Government had earlier this year amended the Companies Act to decriminalize 16 procedural offences into civil wrongs that does not warrant a jail term

Photo: Reuters
Photo: Reuters

The bond trade that went from 0 to $88 bn in 2 years

  • Citibank has handled portfolio trades topping $1 bn since debuting the technology this year
  • Banks are hoping the strategy will help them grab a bigger slice of a shrinking fixed-income pie even as it bites into the industry’s profit margins

A ramp-up in the distribution of some of its new launches drove US markets.
The S&P BSE Sensex, Nifty are scaling new highs as money continues to flow into the equity market through domestic financial institutions such as MFs, the EPFO
The S&P BSE Sensex, Nifty are scaling new highs as money continues to flow into the equity market through domestic financial institutions such as MFs, the EPFO

As markets rally amid a slowing economy, is it time to reallocate?

The market behaviour, in a situation where corporate earnings have been poor and the economic forecast has been weak, raises fears of an asset class bubble. Sunita Abraham spoke to experts to understand how investors should ride out this phase of equity market highs.

Urban Ladder’s co-founder Rajiv Srivatsa quit last month
CIAL - the seventh busiest airport in the country- - handles 240 aircraft movements and 30,000 passengers a day.
CIAL - the seventh busiest airport in the country- - handles 240 aircraft movements and 30,000 passengers a day.

No more daytime flights as Kochi airport work is set to begin

  • The airport which started functioning in 1999 underwent first runway re-surfacing work in 2009
  • The airport which started functioning in 1999 underwent first runway re-surfacing work in 2009

As per a recent report, Galaxy S11 would arrive in the third week of February 2020 and the launch event is said to take place in San Francisco (Bloomberg)
As per a recent report, Galaxy S11 would arrive in the third week of February 2020 and the launch event is said to take place in San Francisco (Bloomberg)

Samsung Galaxy S11 may offer 8K video recording, 108MP camera

  • Samsung Galaxy S11 smartphone will be available in three screen sizes - 6.2-inch, 6.4-inch and 6.7-inch
  • As per a recent report, Galaxy S11 would arrive in the third week of February 2020

This means that lenders to Essar Steel will soon get their cheques and it is no chump change (Reuters)
Sensex fell 72 points to 40,284
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Andhra education minister Audimulapu Suresh
Gold price today: On MCX, gold prices were down at  ₹37,838 per 10 gram
Photo: Reuters
(Photo: Bloomberg)
Indian Railways is gearing up to provide better facilities to passengers in the winter season. (HT)