Union Finance minister Nirmala Sitharaman addresses a press conference in New Delhi on Friday (Photo: ANI)
Union Finance minister Nirmala Sitharaman addresses a press conference in New Delhi on Friday (Photo: ANI)

FPI surcharge removal, stimulus measures likely to boost markets: Experts

  • Finance Minister Nirmala Sitharaman on Friday announced rollback of enhanced surcharge on foreign portfolio investors levied in the Budget
  • The Centre also announced a raft of measures to revive growth momentum, including exempting startups from 'angel tax'

D-Street's focus has shifted to domestic and global macros. Aniruddha Chowdhury/Mint
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 (Photo: Ramesh Pathania/Mint)
(Photo: Ramesh Pathania/Mint)

RBI Board to discuss Bimal Jalan panel report tomorrow

  • With economy facing a slowdown in key sectors, the government is looking at RBI dividends and surplus to step up public investment and tackle funding gaps
  • The board most likely will announce the normal dividend to be paid to the government for FY19 based on the surplus

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Pusarla Sindhu.  (Reuters )
Arun Jaitley (1952-2019)
Last week, Parle Products said jobs were at risk for as many as 10,000 of its workers
Last week, Parle Products said jobs were at risk for as many as 10,000 of its workers

Opinion | 5 biscuits are too pricey for Indian workers

  • When purchasing power dries up to the extent that rural laborers, urban blue-collar workers have to think twice about cheap munchies, then the situation is desperate
  • The culprit is deep-rooted wage suppression, a long-term issue that needs attention

Centre responsive to slowdown, but more steps needed: Report

  • The government announced an additional 15% depreciation on all vehicles acquired during the period from now till 31 March 2020
  • According to JM Financial, this move is likely to aid clearing of some of the inventory for personal vehicles and light commercial vehicles

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Prime Minister Narendra Modi emplanes from Bahrain, to attend the G-7 summit in Biarritz on Sunday.  (Photo: ANI)
Prime Minister Narendra Modi emplanes from Bahrain, to attend the G-7 summit in Biarritz on Sunday. (Photo: ANI)

PM Modi emplanes for France to attend G7 Summit, will speak on global issues

  • Though India is not a member of the G-7 grouping, Modi has been personally invited by the French President
  • Modi and the US President Donald Trump are likely to discuss the situation in Kashmir, trade issues on the sidelines of the meet

 (Photo: iStock)
Arun Jaitley (PTI file)
IndiGo co-founder Rakesh Gangwal.
Gautam Thapar has only 8,574 shares out of 62.6 crore shares of the company. (Photo: HT)
A file photo of Arun Jaitley. (Reuters)
G7 Summit (24-26 August)
Aerospace engineer Robert Zubrin said Mars is much richer than the Moon 'in carbon, nitrogen, hydrogen and oxygen, all in biologically readily accessible forms such as carbon dioxide gas, nitrogen gas, and water ice and permafrost' (Photo: PTI)
Aerospace engineer Robert Zubrin said Mars is much richer than the Moon 'in carbon, nitrogen, hydrogen and oxygen, all in biologically readily accessible forms such as carbon dioxide gas, nitrogen gas, and water ice and permafrost' (Photo: PTI)

Do we need a backup planet to survive?

  • Last week, Elon Musk said that 'a big rock (asteroid) will hit Earth eventually & we currently have no defence'
  • Jeff Bezos, on the other hand, worries that we will run out of energy on Earth, leaving the future generations with limited resources which can block their growth, dynamism

The follow up versions of LCA Mk 1 (a) and LCA-Mk 2 will be the improved version of Tejas (PTI)
The follow up versions of LCA Mk 1 (a) and LCA-Mk 2 will be the improved version of Tejas (PTI)

Tejas still to match modern fighters

  • The follow up versions of LCA Mk 1 (a) and LCA-Mk 2 will be the improved version of Tejas
  • Out of the first 40 Tejas ordered by IAF, only 20 will be FOC certified

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Aina is used by swiping the thumb over the index finger.

One smart ring to bind them all

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The main statue on Nagarjunakonda island. (Photo: Alamy)

Theatre of a vibrant empire

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Shooter Abhinav Bindra in action during the 2008 Beijing Olympics.  (Photo: AFP)

Dreaming of a revolution

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In the not-too-distant future, robot tailors could be crafting custom-made clothing (Photo: Alamy)

What will you wear in 2030?

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FPIs trend is expected to change following the removal of enhanced surcharge. (Photo: Reuters )
FPIs trend is expected to change following the removal of enhanced surcharge. (Photo: Reuters )

FPIs withdraw 3,014 crore from capital markets in August so far

  • After selling for five consecutive months, FPIs reversed their position in July
  • With the withdrawal of enhanced surcharge on FPIs, confidence in the market is likely to be restored, analysts expect

The Jabra Elite 85H lack the punchy bass that premium headphones are often known for.
MiG-21 fighter jets  (Indranil Bhoumik/Mint )
Prime Minister Narendra Modi receiving the Ceremonial Welcome at Al Gudaibiya Palace in Manama on Saturday. (ANI Photo)
Prime Minister Narendra Modi receiving the Ceremonial Welcome at Al Gudaibiya Palace in Manama on Saturday. (ANI Photo)

PM Modi conferred with top Bahraini award

  • Modi is the first Indian Prime Minister to visit Bahrain
  • Modi flew into Bahrain from the United Arab Emirates where he was also conferred with the country's top civilian honour, the 'Order of Zayed' earlier on Saturday

ISRO Chairman K Sivan (PTI)
ISRO Chairman K Sivan (PTI)

Gaganyaan: Russia offers India semi-cryogenic engine technology

  • 'Russia is offering its semi-cryogenic rocket engine technology to India under the `Make-in-India' programme,' Sivan said
  • Russian state-run space corporation Roscosmos said the two countries will discuss cooperation in the sphere of piloted space flights, satellite navigation and engine technology

Adani Group chairman Gautam Adani. (HT)
Adani Group chairman Gautam Adani. (HT)

Australian minister likely to meet Gautam Adani in India

  • The meeting is expected to discuss Adani's Rs10,000 crore Carmichael coal project in Australia
  • Australia's Minister for Resources and Northern Australia Matthew Canavan will be on a three-day India visit from August 26

A tract of the Amazon jungle burns as it is cleared by loggers and farmers in Porto Velho, Brazil. Photo; Reuters
A tract of the Amazon jungle burns as it is cleared by loggers and farmers in Porto Velho, Brazil. Photo; Reuters

Why is part of the Amazon burning?

  • The dramatic scale of this year's fires is the result of a significant acceleration of deforestation for the lumber industry, for agriculture or for other human activities
  • Human use of fire to manage land explains the astronomical number of fires — more than 75,000 since January in Brazil

The RPF will be strategically deputed for escorting the most affected trains during this period. (Mint )
The RPF will be strategically deputed for escorting the most affected trains during this period. (Mint )

Konkan Railways announces more train trips ahead of Ganesh Utsav

  • Ganesh Utsav or Ganesh Chaturthi is a Hindu festival celebrating the birth of Lord Ganesha
  • Anti-sabotage checks at stations will be done in coordination with the State Police to ensure additional safety of passengers

 (Photo: Mint)
The OTT platforms have started to focus on building a library of regional content that includes movies and originals over the past 12-18 months. (Photo Imaging: Kishore Rawat)
The OTT platforms have started to focus on building a library of regional content that includes movies and originals over the past 12-18 months. (Photo Imaging: Kishore Rawat)

Why Netflix, Amazon Prime concentrating more on desi shows in India

  • In order to cater to a wider user base in India, some players are also experimenting with cash payments
  • Indian language internet users are expected to grow to 536 million by 2021 from 234 million in 2016

 (Photo: PTI)
(Photo: PTI)

Arun Jaitley's Amritsar link and love for 'Amritsari kulchas'

  • Arun Jaitley had once said he was getting a regular supply of 'Amritsari kulchas' even when he was in Delhi
  • 'If you ask me about my ancestral town, I would say Amritsar as I have at least 40 cousins and relatives who live here,' Jaitley was often quoted as saying

RBI governor Shaktikanta Das. (Photo: Bloomberg)
RBI governor Shaktikanta Das. (Photo: Bloomberg)

From 'Panglossian countenance' to 'Floccinaucinihilipilification'

  • Earlier this month, the MPC unanimously voted for a rate cut and with a 4:2 majority chose an unconventional 35 bps
  • Average English-speaking Indians should thank Tharoor for introducing the word 'Floccinaucinihilipilification' to them

Compared to other health issues, such as heart attacks and flu, Indians seem far more concerned about air pollution.
Paytm's market share stands at around 40 per cent of total such subscriptions.
Paytm's market share stands at around 40 per cent of total such subscriptions.

Paytm Money expects its market share in direct MF to increase to 50% in 6 months

  • Paytm Money is planning to start 'Paytm Switch' option for mutual funds (MFs) in 10-15 days that will enable customers to switch from regular MF to direct MF
  • Paytm has started new fund offers (NFOs) of MFs which allows investments in NFOs from all 40 asset management companies (AMCs) in India

ISRO Chairman K. Sivan during a press conference in Bengaluru (File photo: PTI)
Pakistan PM Imran Khan
Industry observers believe that the latest measures announced by Finance Minister Nirmala Sitharaman will assuage investors' nerves and bring back confidence in the Indian economy. Photo: Bloomberg
Industry observers believe that the latest measures announced by Finance Minister Nirmala Sitharaman will assuage investors' nerves and bring back confidence in the Indian economy. Photo: Bloomberg

Growth steps, oil prices set to boost equities

  • The escalation in the US-China trade war and release of key macro-economic indicators are expected to induce some volatility in the stock markets
  • India's GDP numbers for June quarter will be out on 30 August, that are expected to grow by 5.6-5.7%

NASA dangles $7 billion carrot for next moon landing

  • NASA is seeking US firms that can deliver cargo, experiments and supplies to a spacecraft named Gateway in lunar orbit as part of the planned Artemis landing mission
  • A month ago, NASA sought bids for a $2.6 billion contract to build the next generation of lunar landers

New Delhi: Delhi Police personnel carry the coffin containing the mortal remains of former finance minister Arun Jaitley, at BJP HQ, in New Delhi, Sunday, Aug 25, 2019. (Photo: PTI)
New Delhi: Delhi Police personnel carry the coffin containing the mortal remains of former finance minister Arun Jaitley, at BJP HQ, in New Delhi, Sunday, Aug 25, 2019. (Photo: PTI)

Last rites of former minister Arun Jaitley performed with full state honour

  • Political leaders across the spectrum were present at the Nigambodh Ghat when the last rites rituals were performed
  • A guard of honour was also given to Jaitley by the soldiers of the Indian Army as Jaitley had also been a defence minister

Shekar Viswanathan, Toyota Kirloskar Motor vice-chairman
Prime Minister Narendra Modi (PTI file)
The valuation of TCS zoomed  ₹31,538.79 crore to  ₹8,43,367.22 crore. (Photo: Mint)
CDSCO is strictly monitoring the import of such dual-use APIs for the last few months.
Byran Jones, SVP & GM, OEM and IOT Solutions at Dell Technologies
Byran Jones, SVP & GM, OEM and IOT Solutions at Dell Technologies

“India is really poised for explosive growth,” Bryan Jones of Dell Technologies

  • Bryan Jones, SVP & GM, OEM and IOT Solutions at Dell Technologies talks about the role the US based company is playing in digital transformation
  • Jones believes that India now has an evolving and growing initiative of investments in IT industry with regards to manufacturing and Dell wants to evolve with it

A file photo of Rajesh Janey, Senior Vice President — Global Alliances at Dell Technologies
A file photo of Rajesh Janey, Senior Vice President — Global Alliances at Dell Technologies

Our vision is to be number one infrastructure provider: Dell's Rajesh Janey

  • Rajesh Janey said Global Alliances works with partners, alliances like cloud service providers, systems integrators, strategic outsourcers to deliver solutions both on and off premise
  • Janey said Alliance Partners' global revenue is $11.1 bn in FY19 with 580 plus team member across 27 countries

In the not-too-distant future, robot tailors could be crafting custom-made clothing (Photo: Alamy)
In the not-too-distant future, robot tailors could be crafting custom-made clothing (Photo: Alamy)

What will you wear in 2030?

  • Futuristic closets, biosensors and phone-charging jackets—these clothing innovations are not unreachable
  • Why the great stagnation in clothing needs to end with technological advancements

Leaders across the world attend the G7 summit meet on 25 August. (Photo: Reuters)
Leaders across the world attend the G7 summit meet on 25 August. (Photo: Reuters)

Trump paints picture of unity at prickly G7 summit

  • Trump arrived in France just hours after escalating his trade war with China in a tit-for-tat battle
  • The G7 gathering is taking place against a backdrop of growing worries about a global economic downturn