Nielsen analysts warned that demand could cool further in the December quarter. (Pradeep Gaur/Mint)
Nielsen analysts warned that demand could cool further in the December quarter. (Pradeep Gaur/Mint)

Consumption in rural India hits a 7-year low

  • Farm distress, stagnant incomes have eroded demand, shows Nielsen data
  • Consumption in rural areas grew at 5% in terms of value in the Sep quarter, while in urban India, the growth was 8%

InterGlobe Aviation promoter Rahul Bhatia.ramesh pathania/mint
InterGlobe Aviation promoter Rahul Bhatia.ramesh pathania/mint

Bhatia files lawsuit against Gangwal in US courts

  • The latest development comes a fortnight after IndiGo told its shareholders that Bhatia had submitted an arbitration request against Rakesh Gangwal Group
  • The documents could be used during the arbitration to bolster Bhatia’s case with respect to the alleged breach of the SHA

The TOT model is part of the Centre’s efforts to monetize operating public infrastructure and build new assets under programmes such as Bharatmala (Mint file)

Your morning ritual now travels with you!

Try Mint E-paper
Videos
View All
Gainers & Losers
Finance minister has announced packages for automobiles, infrastructure, exports and the real estate sectors (PTI)
Photo: Mint
Long Reads

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

Subscribe for free
INDICES
View All
52 WEEK HIGH/LOW
Mark to Market
View All
MOST ACTIVE BY VOLUME
View All
Plain Facts
India’s decline is largely due to financial sector indicators, with stock market capitalization registering a fall (Photo: AP)

India slips in the EM league tables

3 min read . 16 Oct 2019
Prime Minister Narendra Modi receives a memento from Haryana Chief Minister Manohar Lal Khattar at an election campaign rally ahead of Haryana Assembly elections, in Kurukshetra. As part of its national strategy, BJP has reached out to sub-castes which were neglected by the previous govts (Photo: PTI)

BJP and caste equation in Haryana

4 min read . 15 Oct 2019
International migration is largely male, while domestic migration is feminized and marriage-driven (Photo: Mint)

The NRI and the Bihari in Mumbai

4 min read . 14 Oct 2019
Developing countries must continue to benefit from their right to special and differential treatment in World Trade Organization rules, the Indian envoy told the US at the trade body’s General Council meeting. Alamy
Developing countries must continue to benefit from their right to special and differential treatment in World Trade Organization rules, the Indian envoy told the US at the trade body’s General Council meeting. Alamy

India rallies 51 nations to reject US memo on special treatment

  • Special status an unconditional right in rules and it must continue uninterrupted, India tells US at WTO
  • Trump had asked developing nations to forego their S&DT flexibilities before 24 October

The department has to complete the assessment under Section 143(1) within a year from the end of the fiscal in which the return of income is filed. Photo: Pradeep Gaur/Mint
The department has to complete the assessment under Section 143(1) within a year from the end of the fiscal in which the return of income is filed. Photo: Pradeep Gaur/Mint

Don’t let the tax scrutiny spoil happy returns

Unless you have misreported your income or assets or made wrong claims, you need not worry. Mint gives you a rundown on when you may get a notice

SBI chairman Rajnish Kumar earlier said that the bank had dropped a plan to take its general insurance unit public, citing no immediate need for additional capital. (PTI )
SBI chairman Rajnish Kumar earlier said that the bank had dropped a plan to take its general insurance unit public, citing no immediate need for additional capital. (PTI )

Warburg, Premji to buy $432 million SBI insurance arm stake

  • Premji Invest will hold 16.01% in SBI General, while Warburg Pincus will own 9.99%
  • The transaction is expected to be completed by 30 June 2020

Netflix has a bunch of original Indian films lined up as well (Mint file)
If the new proposal is accepted and the Waqf board withdraws its claim, it will need to file a formal application in the court to this effect which could lead to another set of arguments being heard by the court (Photo: India Today Group)
If the new proposal is accepted and the Waqf board withdraws its claim, it will need to file a formal application in the court to this effect which could lead to another set of arguments being heard by the court (Photo: India Today Group)

Waqf Board submits fresh mediation proposal in Ram Janmabhoomi-Babri Masjid case

  • There was speculation that the Waqf board said in the mediation report that the board has no problem if the land is acquired by the government
  • The Supreme Court on Wednesday concluded its daily hearings which went on for an unprecedented 40 days

Railways and Commerce Minister Piyush Goyal. (PTI)
IGI Airport authorities reported earlier that there had been a leak in a consignment of sodium iodide 131 that arrived on a Turkish Airlines passenger flight. Photo: Mint
IGI Airport authorities reported earlier that there had been a leak in a consignment of sodium iodide 131 that arrived on a Turkish Airlines passenger flight. Photo: Mint

Domestic air passenger traffic declines for fourth straight month

  • Domestic scheduled carriers carried 11.53 million passengers in September, compared with 11.79 million passengers in August
  • InterGlobe Aviation Ltd’s IndiGo continued its market dominance of the Indian skies, carrying nearly one in every two passengers

Besides mentoring the founders, firms are acqui-hiring many early- and growth-stage startups for their domain expertise. (Photo: iStock)
Besides mentoring the founders, firms are acqui-hiring many early- and growth-stage startups for their domain expertise. (Photo: iStock)

Aspiring unicorns get a leg up from firms in India’s budding startup ecosystem

  • Companies such as Bharti Airtel, RIL, Accenture, Microsoft, SAP and Google are nurturing startups in India
  • In 2017, Bharti Airtel Ltd acquired a strategic stake in Juggernaut Books and a strategic equity stake in Seynse Technologies, a fintech company

The southwest monsoon normally makes an onset over the southern coast of Kerala around 1 June, marking the beginning the four-month rainy season.
The major objective of IIRS is to understand the origin and evolution of the Moon. (@ISRO)
Vistara currently has 23 Airbus A320 and nie Boeing 737-800NG aircraft fleet, according to its website (Photo: Reuters)
Vistara currently has 23 Airbus A320 and nie Boeing 737-800NG aircraft fleet, according to its website (Photo: Reuters)

Vistara signs $2.4 billion engine and maintenance contract with CFM

  • CFM International is a joint venture between GE Aviation, a division of General Electric and Safran Aircraft Engines
  • Under the terms of the RPFH agreement, engine maker CFM guarantees maintenance costs for the Vistara’s LEAP-1A engines on a dollar per engine flight hour basis

This was a tit-for-tat move after its bitter rival Jio did the same (Aniruddha Chowdhury/Mint)
A BSF soldier at a newly built road for Indian pilgrims at the under-construction Kartarpur corridor. (AP)
A BSF soldier at a newly built road for Indian pilgrims at the under-construction Kartarpur corridor. (AP)

Service fee remains key bone of contention in Kartarpur pact

  • Pakistan insists on levying a fee of $20 (approximately 1,420) on all pilgrims
  • First batch of pilgrims will reach the Wagah border on 5 November and then cross over to visit the Gurdwara Janam Sthan at Nankana Sahib in Pakistan’s Punjab province

What’s the gadget you would pick?
A file photo of Britain's Prime Minister Boris Johnson (Photo: Reuters)
A file photo of Britain's Prime Minister Boris Johnson (Photo: Reuters)

Brexit deal: Will UK Parliament back Boris Johnson?

Boris Johnson has delivered the first part of his Brexit policy: He’s struck a deal with the European Union. Now, does he have the numbers to get it past Parliament?

The cut-over to the new regulations will be effective from midnight hours of November 11, 2019. (Mint)
The cut-over to the new regulations will be effective from midnight hours of November 11, 2019. (Mint)

Mobile users cannot submit port out requests between Nov 4-10

  • Under mobile number portability (MNP) subscribers can switch operators without changing their mobile numbers
  • Trai has also laid out the modalities for the switchover to the new regime, which will come into effect from November 11

India India head Nivruti Rai (Bloomberg file)
Millions of gas-guzzling vehicles are clogging our roads and polluting the air (Photo: Bloomberg)
Millions of gas-guzzling vehicles are clogging our roads and polluting the air (Photo: Bloomberg)

Opinion | An answer to the problem of EV charging infrastructure in India

The PCO model could offer a viable option for charging stations and also foster entrepreneurship

Joy Thomas, former MD of PMC Bank (Photo: PTI)
Joy Thomas, former MD of PMC Bank (Photo: PTI)

PMC Bank scam: Former MD Joy Thomas sent to jail as fraud probe deepens

  • Joy Thomas stands accused in a police complaint of criminal breach of trust, forgery and falsification of records in relation to PMC's dealings with the now bankrupt realty firm HDIL
  • PMC Bank allegedly made over 21,000 fictitious accounts to hide loans it made to HDIL

US president’s Donald Trump (L) and Turkish President Recep Tayyip Erdogan (Photo: Reuters)
US president’s Donald Trump (L) and Turkish President Recep Tayyip Erdogan (Photo: Reuters)

Opinion | Shock and awe evoked the Donald Trump way

The US president’s letter to Turkish President Erdoğan asking him not to be a ‘fool’ may have stunned foreign policy observers, but maybe Trump has reason to be pleased with it

Congress senior leader and former prime minister Manmohan Singh addresses a press conference, in Mumbai.  (PTI)
The Lenovo’s new Legion Y740 belongs to a generation of gaming notebooks that are shedding the traditional bulky designs
The Lenovo’s new Legion Y740 belongs to a generation of gaming notebooks that are shedding the traditional bulky designs

A laptop with Nvidia RTX 2060 graphics and a smartphone with 120Hz display

  • The icing on the cake is the phone’s 37,999 price tag—40% lower than its predecessor’s launch price
  • The Legion Y740 starts at 1,29,674, which is a bit on the higher side. But , it is still a very good deal as most laptops within this price point offer slightly inferior graphics

AMP Energy India has a 500MW renewable energy portfolio across 15 states. (Photo: Getty Images)
Photo: HT
A key issue before the government is how to allocate the free power from NHPC’s hydropower projects that earlier went to the state of J&K. (Reuters)
With technology, even gaming arcades have now gone online offering new platforms for gamers and game creators beyond the app stores. (Photo: iStock)
It said in this placement, 42 new brands have visited the institute for the first time. (istockphoto)
A file photo of PM Narendra Modi, Xi Jinping
(From left) BJP MP Shobha Karandlaje, Congress MP Shashi Tharoor and Lok Sabha Speaker Om Birla at the Inter-Parliamentary Union in Belgrade. (twitter@shashitharoor)
(From left) BJP MP Shobha Karandlaje, Congress MP Shashi Tharoor and Lok Sabha Speaker Om Birla at the Inter-Parliamentary Union in Belgrade. (twitter@shashitharoor)

Tharoor slams Pakistan over J&K

  • The Pakistan team is indulging in ‘vituperative mud-slinging’ by raising the Kashmir issue at IPU, Tharoor says
  • The Congress leader said that Kashmir is an integral part of India

Shares of Indiabulls Housing Finance were down sharply in Monday's trade. (Photo: Bloomberg)
Shares of Indiabulls Housing Finance were down sharply in Monday's trade. (Photo: Bloomberg)

Indiabulls Housing Finance offers to pre-pay NCDs

  • Indiabulls Housing Finance offers pre-mature redemption of all non-convertible debentures maturing in November and December this year
  • Indiabulls Housing Finance gained 14.03% to close at 197.15 on the BSE

DHFL said the company is undergoing substantial financial stress since the second half of the previous financial year. (Photo: Reuters)
DHFL said the company is undergoing substantial financial stress since the second half of the previous financial year. (Photo: Reuters)

DHFL reports Q2 net loss of 242 crore

  • DHFL reported a consolidated net loss of 242.48 crore for the second quarter of the current fiscal as against a net profit of 431.71 crore in the year-ago period
  • Total income of the firm fell to 2,399.84 crore during the three months to Sept, as against 3,154.25 crore in the year-ago period

The drug was launched in India in 2013 after approval from the Drug Controller General of India.
Photo: PTI
Photo: PTI

Opinion | Our ecological crisis through an Aarey Colony lens

Paradoxically, while environmental concerns are rising globally, we have political leaders, some of them Indian, who are beholden to lobbies or are in denial of the problem

If one applies the two-out-one-in operation repeatedly to a bag of 100 marbles, the invariant will be the sum of all the numbers in the collection (Jayachandran/Mint)
If one applies the two-out-one-in operation repeatedly to a bag of 100 marbles, the invariant will be the sum of all the numbers in the collection (Jayachandran/Mint)

Opinion | The more things change, the more they’re invariant

The search for an invariant gives us a different perspective on a problem we’re faced with, and that new perspective often takes us closer to a solution

Prime Minister Narendra Modi during an election campaign rally ahead of Maharashtra Assembly polls, in Satara district.  (PTI)