While the spike in crude prices due to tensions between the US and Iran was short-lived, the coronavirus outbreak and imminent output cut by Opec have introduced an element of uncertainty (Photo: Reuters)
While the spike in crude prices due to tensions between the US and Iran was short-lived, the coronavirus outbreak and imminent output cut by Opec have introduced an element of uncertainty (Photo: Reuters)

Crude boost for India Inc as global oil demand dips over coronavirus epidemic

  • Crude-dependent sectors such as aviation likely to gain from price drop
  • Industries are realigning their strategy amid energy demand forecasts being cut due to the virus outbreak

The promoters of Vodafone Idea will not infuse any additional capital to pay its dues to the government.reuters
LIC’s biggest selling point is that it owns nearly three-fourths of the insurance market (Photo: Ramesh Pathania/Mint)
LIC’s biggest selling point is that it owns nearly three-fourths of the insurance market (Photo: Ramesh Pathania/Mint)

The LIC share sale is a valuer’s nightmare and a banker’s dream

  • LIC has not disclosed its embedded value, the most accurate gauge of an insurer’s market value
  • The big question is if the business generated by LIC’s agents beats the profitability of smaller private insurers

Sales declined 1.58% in the December quarter (Photo: Mint)

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Given that gambling is a social problem in Goa, state chief minister Pramod Sawant announced recently that he would stop all original Goans from entering casinos (Photo: HT)
Given that gambling is a social problem in Goa, state chief minister Pramod Sawant announced recently that he would stop all original Goans from entering casinos (Photo: HT)

Why the House always wins in Goa

  • The prevalence of gambling may seem unpleasant because so many people from around India and the world are invested in an entirely different Goa
  • A ban on Goans in offshore casinos highlights the murky nature of the gambling business in India’s smallest state

Deloitte defines public interest entities under the norms prescribed by ICAI, which includes all listed companies, banks and insurance companies.
Hubei, the epicenter of the coronavirus outbreak, reported fewer new infections for a second straight day with 139 deaths overnight
Hubei, the epicenter of the coronavirus outbreak, reported fewer new infections for a second straight day with 139 deaths overnight

Coronavirus: Death toll rises to 1666,Finance Ministry to assess impact on trade

  • All nations must be ready to handle coronavirus cases and prepared to prevent further transmission, says WHO
  • The death toll from coronavirus epidemic has climbed to 1,666 after 142 more people died, mostly in the worst-hit Hubei, and the confirmed cases jumped to almost 70,000

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AAP chief Arvind Kejriwal. (ANI)
AAP chief Arvind Kejriwal. (ANI)

Opinion | The modernity of Arvind Kejriwal’s Hindu politics

He is a believer who stops short of annoying average Hindus by not labouring the point of ‘secularism’

Delhi lieutenant governor Anil Baijal (left) administers the oath of office to Arvind Kejriwal at Ramlila Maidan in New Delhi on Sunday.  (Photo: Ramesh Pathania/Mint)
Delhi lieutenant governor Anil Baijal (left) administers the oath of office to Arvind Kejriwal at Ramlila Maidan in New Delhi on Sunday. (Photo: Ramesh Pathania/Mint)

Arvind Kejriwal takes oath as Delhi chief minister for third time

  • Six other members from previous cabinet, including Manish Sisodia, sworn in
  • Kejriwal said the support voters gave to the politics of work will help build a 21st century India

PM Narendra Modi in Varanasi. (Photo: PTI) (Photo: PTI)
PM Narendra Modi in Varanasi. (Photo: PTI) (Photo: PTI)

No going back on CAA despite pressure: Modi

  • PM says despite global pressure, Union govt would continue to take decisions that are important for the country
  • Modi says the govt was committed to work for the betterment of the financially and socially weaker sections

The GST Council will meet either by the end of February or early March.pti
Even state-owned BSNL and MTNL did not pay the dues. (Rajkumar/Mint)
Feature phone, affordable smartphone prices to be hit by Coronavirus shutdowns
Aruna Schwarz, co-founder and CEO of Stelae Technologies, with Jarom Walcott, programme manager at Raytheon Eagle, in Bengaluru. (Photo: Jithendra M/Mint)
Aruna Schwarz, co-founder and CEO of Stelae Technologies, with Jarom Walcott, programme manager at Raytheon Eagle, in Bengaluru. (Photo: Jithendra M/Mint)

Reimagining the paper trail for the digital age

  • Bengaluru’s Stelae works with global aerospace and defence companies to give legacy documents a digital makeover
  • An external firm’s software is being embedded into US defence contractor Raytheon’s product line for the first time

Long Reads
Joaquin Phoenix won the Oscar for best actor in ‘Joker’ at the 92nd Academy Awards in Hollywood, Los Angeles, California. (REUTERS)
Joaquin Phoenix won the Oscar for best actor in ‘Joker’ at the 92nd Academy Awards in Hollywood, Los Angeles, California. (REUTERS)

Opinion | Thank you, Hollywood, but spare us your moral lectures

Last week’s ‘woke’ Academy Awards show came across as a hollow exercise in virtue-signalling

Decline in innovations is due to fewer entrants in the sector and the existing ones holding on to launches in a weak demand environment. (Mint )
Decline in innovations is due to fewer entrants in the sector and the existing ones holding on to launches in a weak demand environment. (Mint )

Consumption slump hits innovation at FMCG firms

  • Product innovations in 2019 were down 25% when compared with a year ago
  • In 2019, FMCG firms launched 14,000 products, compared with 19,000 that were launched in 2018

SsangYong, which sells Rexton and Korando in the premium segment and Tivoli in the compact SUV category, has visible portfolio gaps in the face of aggressive competition. (Reuters)
SsangYong, which sells Rexton and Korando in the premium segment and Tivoli in the compact SUV category, has visible portfolio gaps in the face of aggressive competition. (Reuters)

Nine years on, SsangYong struggles to enter fast lane

  • The Korean SUV maker has bled every year, except in 2016 when it clocked a net profit
  • M&M says it will inject 500 bn won into its ailing unit via its own investments or a third party funding

A bus leaves the quarantined Diamond Princess cruise ship at a port on Sunday in Yokohama, near Tokyo. (AP)
A bus leaves the quarantined Diamond Princess cruise ship at a port on Sunday in Yokohama, near Tokyo. (AP)

2 more Indians on quarantined ship off Japan test positive for coronavirus

  • India says it will provide all possible assistance to its nationals on the ship to return home after they clear all tests
  • A total of 138 Indians were among the 3,711 people on board Diamond Princess ship that arrived at the Japanese coast earlier this month

Photo: Bloomberg
The FATF meeting will focus on global action to follow the money that fuels crime and terrorism. Photo: AP (AP)
A decision whether to make this a permanent fixture of the train is yet to be taken (Photo: @vivekanandg on Twitter)
A decision whether to make this a permanent fixture of the train is yet to be taken (Photo: @vivekanandg on Twitter)

See pics: It's a first! A seat reserved for a deity on a train by Railways

  • The Kashi Mahakal Express inaugurated by PM Narendra Modi on Sunday had a seat reserved for Lord Shiva a.k.a Lord Mahakal
  • Even a temple has been drawn on the seat to make people aware that the seat is reserved for Lord Mahakal in Madhya Pradesh's Ujjain, said the authorities

IMF Managing Director Kristalina Georgieva.
IMF Managing Director Kristalina Georgieva.

Coronavirus could damage global growth in 2020: IMF

  • Kristalina Georgieva said it was 'too early' to assess the full impact of the epidemic
  • If the disease is 'contained rapidly, there can be a sharp drop and a very rapid rebound', in what is known as the V-shaped impact, she said

Finance Minister Nirmala Sitharaman (PTI)
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Union Finance Minister Nirmala Sitharaman addresses a press conference after having a session with Traders and Industry Representatives on Budget 2020.
Union Finance Minister Nirmala Sitharaman addresses a press conference after having a session with Traders and Industry Representatives on Budget 2020.

No timeline to remove I-T exemptions: Nirmala Sitharaman

  • The budget 2020-21 has introduced more tax slabs and offers higher limits provided the taxpayer is ready to forego all the existing exemptions
  • Addressing a post-budget press conference on 1 February, Sitharaman had said the government intended to remove all I-T exemptions in the long run

Photo: Mint
Atishi, senior AAP leader and newly elected MLA
Some of the small finance banks offer better interest rates on savings as well as fixed deposit when compared to other top lenders. (Mint)
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UN Secretary-General António Guterres, left, shakes hands with Pakistani Foreign Minister Shah Mahmood Qureshi after giving a joint press conference at the Foreign Ministry in Islamabad, Pakistan, Sunday (Photo: AP)
UN Secretary-General António Guterres, left, shakes hands with Pakistani Foreign Minister Shah Mahmood Qureshi after giving a joint press conference at the Foreign Ministry in Islamabad, Pakistan, Sunday (Photo: AP)

'No role for third party': India rejects UN chief's mediation offer on Kashmir

  • 'The issue that needs to be addressed is that of vacation of the territories illegally and forcibly occupied by Pakistan,' said Indian foreign ministry spokesman
  • The comments come against the backdrop of some remarks made by the UN Secretary General António Guterres who is on a visit to Pakistan

Photo: PTI
Photo: PTI

About 92% of large taxpayers filed annual returns for 2017-18: GSTN

  • This is the first time when businesses registered under GST have to file annual return GSTR-9 and reconciliation statement GSTR-9C
  • While annual return filing is optional for taxpayers having annual turnover up to 2 cr, the same is mandatory for those having annual turnover above 2 cr

Chinese President Xi Jinping (Photo: AP)
Chinese President Xi Jinping (Photo: AP)

Xi Jinping's early involvement in coronavirus outbreak raises questions

  • Xi said he gave instructions on fighting the virus on 7 Jan and ordered the shutdown that began on 23 Jan of cities at the epicenter of the outbreak
  • The disclosure of his speech indicates top leaders knew about the outbreak’s potential severity weeks before such dangers were made known to the public

The hotel’s strategy to put expansion on the fast track took a toll on profitability due to a sudden surge in overheads.
AAP has very successfully mainstreamed into a regular political outfit even while it has successfully hung onto its original message of being a change agent. (Photo: Pradeep Gaur/Mint)
AAP has very successfully mainstreamed into a regular political outfit even while it has successfully hung onto its original message of being a change agent. (Photo: Pradeep Gaur/Mint)

Opinion | Delhi keeps faith in AAP, rebuffs BJP, ignores Congress

It is amusing to see the solace the Congress and the BJP are drawing from their defeat

Elderly women arguing with Police Personnel during a protest against the CAA, NRC, and NPR at Shaheen Bagh in New Delhi on Sunday.  ((ANI Photo))
Total bank frauds reported in 2015-16 stood at  ₹18,699 crore.
Total bank frauds reported in 2015-16 stood at 18,699 crore.

Bank frauds this fiscal have their roots in the past

During the first six months of this fiscal, frauds of 1 lakh and above, as reported by commercial banks, touched 1.13 trillion. This, after frauds worth 41,167 crore had been reported in 2017-18. Why is this happening? Mint takes a look