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HDFC Bank cannot take on board any new credit card customers for now. (Mint)
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Since revenues for Infratel from Vodafone Idea are at some degree of risk, Airtel’s latest investment of around  ₹2,900 crore could well be marked down considerably. (Mint)
Since revenues for Infratel from Vodafone Idea are at some degree of risk, Airtel’s latest investment of around 2,900 crore could well be marked down considerably. (Mint)

Is Bharti Airtel throwing good money after bad with Infratel investment?

  • Airtel’s investment, despite this bleak backdrop, suggests it expects Vodafone Idea, which makes up for 40% of Infratel's revenues, to survive, even if with a much lower market share.

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Analysts expect earnings growth for IT companies to be in the range of 10% over the next several quarters, which is normal.
Sensex ended marginally higher at 44,632.65
A refrigerated truck leaves the Pfizer plant in Puurs, Belgium. (REUTERS)
A refrigerated truck leaves the Pfizer plant in Puurs, Belgium. (REUTERS)

Pfizer says 'committed to engaging with Indian govt to make vaccine available'

  • Global pharma major Pfizer has said that it remains 'committed' to engaging with the Indian government to explore opportunities to make the Covid-19 vaccine available in the country
  • The Pfizer vaccine, which has been cleared by Britain, reported an efficacy rate of more than 90%

The Railways’ new 'zero based timetable' is expected to cut down travel time in long distance trains between 30 minutes and six hours on an average
Britain became the first country to approve Pfizer-BioNTech's Covid-19 vaccine for general use (AFP)
Britain became the first country to approve Pfizer-BioNTech's Covid-19 vaccine for general use (AFP)

After Pfizer’s UK covid-19 vaccine nod, where it stands in Asia

The quick approval of Pfizer’s coronavirus vaccine in the UK isn’t likely to accelerate the availability of the shot in Asia, as countries work to complete local safety tests and negotiate deals

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Corona surge
(Photo: Bloomberg)
Indian superstar Rajinikanth said the public wanted 'honest, transparent, corruption-free, caste-less, secular and spiritual politics' in the state
Indian superstar Rajinikanth said the public wanted 'honest, transparent, corruption-free, caste-less, secular and spiritual politics' in the state

Rajinikanth enters political fray, to launch a political party in January

Indian film superstar Rajinikanth said with 'huge support from people' he would be launching a political party in January that is expected to contest elections scheduled in Tamil Nadu state next year

A woman holds a small bottle labeled with a coronavirus vaccine sticker. (REUTERS)
Organizations in India are increasingly focusing on their diversity and inclusion policies during this pandemic. (Photo: United Nations)
Bhartiya Kisan Union members removing barricades during farmers protest against the Centre's farm laws at Delhi-Ghaziabad Border.
Mayor of Kolkata and State Urban Development Minister Firhad Hakim being given the first trial of Covaxin during the phase III trials of Covaxin at NICED, in Kolkata on Wednesday. (ANI Photo)
A newspaper vendor rides a bicycle, in New Delhi (PTI)
Former chief minister of Punjab and Shiromani Akali Dal leader Parkash Singh Badal.(HT archive)
Former chief minister of Punjab and Shiromani Akali Dal leader Parkash Singh Badal.(HT archive)

Former Punjab CM Parkash Singh Badal returns Padma Vibhushan over farm laws

  • 'Today when he has lost more than his honour, I see no point in holding on to the Padma Vibhushan honour,' the Shiromani Akali Dal leader said
  • Badal said the farmers are waging a bitter struggle in the severe cold just to secure their fundamental right to life

PhonePe also said that it processes roughly 1 million offline transactions every month, while its daily online transaction numbers have gone up to 2 million per day.
PhonePe also said that it processes roughly 1 million offline transactions every month, while its daily online transaction numbers have gone up to 2 million per day.

PhonePe hived off Flipkart, valued at $5.5 billion

  • Besides becoming an independent entity, PhonePe will also appoint a fresh board of directors, which will include company co-founders Sameer Nigam and Rahul Chari, as well as stalwarts from the BFSI and financial technology ecosystem

The Franklin Templeton funds had to borrow from banks in the face of mounting redemption demands.  (Photo: Bloomberg)
Indians are asking if a short trip, without quarantine, to the UK to get the Pfizer vaccine was possible. (AFP)
Gold rates today: Prices rose to  ₹49,172 per 10 gram
Reliance Jio had placed  ₹4,700-crore bids for mobile tower and fibre assets of Reliance Infratel (Photo: Reuters)
The Flipkart Group comprised 66% of the overall GMV.mint (MINT_PRINT)
(Photo: Reuters)
if allowed to reopen, the schools will be informed to follow the directives of the state government regarding COVID-19. Photo: HT
if allowed to reopen, the schools will be informed to follow the directives of the state government regarding COVID-19. Photo: HT

Class 10, 12 board exams: CISCE seeks partial reopening of schools from January

The council has also written to the Chief Election Commissioner of India to share the poll schedule of the states where elections are due in April and May so the datesheet for board exams can be finalised accordingly

The new teaser for Nissan Kicks
SBI and HDFC Bank have exposure of $6,984 million to projects that pose a risk to biodiversity
FILE PHOTO: The logo of Royal Dutch Shell is seen at a petrol station in Sint-Pieters-Leeuw, Belgium January 30, 2019.  REUTERS/Yves Herman/File Photo (REUTERS)
FILE PHOTO: The logo of Royal Dutch Shell is seen at a petrol station in Sint-Pieters-Leeuw, Belgium January 30, 2019. REUTERS/Yves Herman/File Photo (REUTERS)

For big oil companies, coffee and chocolate could be the new black gold

Under pressure from investors and governments alike to cut emissions, major European oil companies are ploughing billions into renewable energy but are struggling to craft business plans that promise the returns shareholders have come to expect

 The Indian service sector continued to recover from the coronavirus-induced contractions recorded from March through to September. Photo: Mint
Nongpok Sekmai in Manipur's Thoubal district
Chief minister of Chhattisgarh, Bhupesh Baghel, wrote a letter to Prime Minister Modi on Wednesday demanding that the covid vaccine be provided to the state on priority basis and that it be made available free of cost to the people of the state (REUTERS/Dado Ruvic/File Photo)
Chief minister of Chhattisgarh, Bhupesh Baghel, wrote a letter to Prime Minister Modi on Wednesday demanding that the covid vaccine be provided to the state on priority basis and that it be made available free of cost to the people of the state (REUTERS/Dado Ruvic/File Photo)

Demand for free covid-19 vaccine likely to be raised at all-party meet on Friday

  • The demand for free vaccine has arisen from several states including Chhattisgarh, Telangana and Maharashtra

Founder Radhakishan Damani holds 53.56% stake in D-Mart parent Avenue Supermarts.
The liquidity glut and the crash in short-term rates has meant that analysts are expecting some wordplay by the central bank and perhaps even measures to address this.
The liquidity glut and the crash in short-term rates has meant that analysts are expecting some wordplay by the central bank and perhaps even measures to address this.

India’s bond market is bracing for a liquidity vigilance from RBI

  • Notwithstanding the crash in short-term rates, the sovereign yield curve has been steeper than expected. The spread between one-year and 10-year bonds has widened by 20 basis points in the past one month

The Centre says India need not administer covid-19 vaccine jabs to the entire population
The Centre says India need not administer covid-19 vaccine jabs to the entire population

Jabs for all versus enough shots for herd immunity

The Centre says India need not administer covid-19 vaccine jabs to the entire population. Rather, inoculating a 'critical mass' on priority will help break the chain of transmission. If the earlier presumption was that all would be given the shots, what does this mean? Mint delves in

According to estimates, there is currently  ₹5.31 trillion excess liquidity in the banking system following a series of steps by the central bank to boost liquidity to revive a contracting economy impacted by the pandemic. (Mint)
According to estimates, there is currently 5.31 trillion excess liquidity in the banking system following a series of steps by the central bank to boost liquidity to revive a contracting economy impacted by the pandemic. (Mint)

Focus on surplus liquidity with rate cut seen remote

  • Some experts also believe that instead of squeezing out the liquidity, RBI could tread the middle path by fixing the floor price on overnight rates that have fallen to record lows

(From left) Ahmer Siddiqui, Neha Chaturvedi and Siddhartha Dutta will complete their journey on 17 December.
(From left) Ahmer Siddiqui, Neha Chaturvedi and Siddhartha Dutta will complete their journey on 17 December.

Tales from the pandemic

  • Three individuals, aiming to study the effects of the coronavirus on ordinary lives, have set out on an odyssey along the borders of India, covering 25,000km and 30 states by car

UPI processed more than 2 billion monthly transactions in October and November. When it was launched in 2016, few expected such explosive expansion. (Photo: Pradeep Gaur/Mint)
UPI processed more than 2 billion monthly transactions in October and November. When it was launched in 2016, few expected such explosive expansion. (Photo: Pradeep Gaur/Mint)

India’s quest to fix its payments puzzle

  • Amid suspicion about foreign firms and a new 30% market share cap in UPI, fintech is headed for upheavals
  • The recent moves have evoked analogies with the licence raj and prove how vexatious internet regulation in India is becoming. Critics say the 30% cap is arbitrary

The plastic pipes category outperformed other home décor segments led by strong volume recovery, benefit of inventory gains, cost cutting measures and rising operating leverage. (Bloomberg)
The plastic pipes category outperformed other home décor segments led by strong volume recovery, benefit of inventory gains, cost cutting measures and rising operating leverage. (Bloomberg)

With consolidation picking pace, pipe stocks gain popularity among investors

  • Companies expect better volume growth performance in the second half of the fiscal year aided by demand uptick in the real estate sector
  • Large manufacturers have seen an increase in market share as smaller players are cash-strapped due to the pandemic

At least 10 companies, including ReNew Power Ventures Pvt. Ltd and Greenko Energy Holdings, have shown an interest in buying out Chandigarh’s electricity distribution company
At least 10 companies, including ReNew Power Ventures Pvt. Ltd and Greenko Energy Holdings, have shown an interest in buying out Chandigarh’s electricity distribution company

Centre explores legal recourse to HC stay on Chandigarh discom privatisation

  • Chandigarh discom sale marks the start of India’s efforts to privatise the electricity discoms of its Union territories as part of its next generation power sector reforms

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