Maruti Suzuki chairman R.C. Bhargava said the hybrid cars are 25 to 30% more efficient and will help reduce oil imports
Maruti Suzuki chairman R.C. Bhargava said the hybrid cars are 25 to 30% more efficient and will help reduce oil imports

Maruti Suzuki seeks tax relief for hybrid, CNG cars

  • Maruti Suzuki said there is a need to promote hybrid, CNG cars as it will take some time for mass acceptance of EVs considering the high cost of technology
  • The GST Council last month reduced the tax rate on EVs to 5% from the existing 12%, but there was no tax relief for hybrid, CNG cars

 (Photo: Mint)
A file photo of Union defence Minister Rajnath Singh (Photo: PTI)
A file photo of Union defence Minister Rajnath Singh (Photo: PTI)

Talks with Pakistan only on Pakistan occupied Kashmir: Rajnath Singh

  • Addressing a public rally at Kalka in Haryana, Union defence Minister Rajnath Singh said if talks are held with Pakistan, it will now be on PoK
  • Referring to Article 370 abrogation that accorded a special status to Jammu and Kashmir, he said it was done for the development of the state

A file photo of Zomato founder and CEO Deepinder Goyal
A file photo of Zomato founder and CEO Deepinder Goyal

Zomato's Deepinder Goyal urges restaurants to stop logout campaign

  • Zomato's Deepinder Goyal requested restaurant owners to stop the logout campaign, urged restaurant partners to initiate dialogue with aggregators
  • Last week, over a 1,000 restaurants pulled out of membership over concerns that reservation apps were hurting business with their discounting driven model

 (Photo: Bloomberg)
(Photo: Bloomberg)

India's holding of US govt securities jumps to $162.7 billion

  • Among the major foreign holders of the US Treasury securities, India was at the 13th position with holding to the tune of $162.7 billion
  • Japan was the largest holder, with holdings of American govt securities worth $1.122 trillion, followed by Mainland China whose exposure stood at $1.112 trillion

Delhi has witnessed rainfall since Saturday, with the Ridge observatory receiving 65.8 mm rainfall in 24 hours till 8.30 am on Sunday and more rain predicted by the IMD (PTI)
Delhi has witnessed rainfall since Saturday, with the Ridge observatory receiving 65.8 mm rainfall in 24 hours till 8.30 am on Sunday and more rain predicted by the IMD (PTI)

Yamuna rising, near danger level in Delhi

  • The Yamuna water level in Delhi has reached 203.37m and is expected to touch the 'warning mark' of 204.5m in the next 36 hours, authorities said
  • Water is being released from the Hathni Kund Barrage in Haryana every hour and it normally takes 72 hours to reach the capital

The market capitalisation of TCS tanked  ₹30,807.1 crore to  ₹8,11,828.43 crore for the week ended Friday
The market capitalisation of TCS tanked 30,807.1 crore to 8,11,828.43 crore for the week ended Friday

Nine of top-10 Indian firms lose 84,354 crore in m-cap, TCS worst hit

  • RIL was the only firm among the top 10 firms to post a gain. RIL m-cap zoomed to 8,09,755.16 crore after the announcement of a host of investor-friendly proposals at its AGM early last week
  • TCS, HDFC Bank, HUL, HDFC, Infosys, ITC, Kotak Mahindra Bank, ICICI Bank, SBI closed the week with losses

In July, FPIs had withdrawn a net sum of  ₹2,985.88 crore from the Indian capital markets (both equity and debt) (Bloomberg)
In July, FPIs had withdrawn a net sum of 2,985.88 crore from the Indian capital markets (both equity and debt) (Bloomberg)

FPIs pull out 8,319 crore in August amid persisting negative sentiment

  • According to the depository data, FPIs sold equities worth 10,416.25 crore on a net basis during 1-16 August.
  • FPIs, however, invested a net 2,096.38 crore in the debt securities during the period

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 (Photo: Aniruddha Chowdhury/Mint)
(Photo: Aniruddha Chowdhury/Mint)

Global factors to determine market trend this week, say experts

  • Amid lack of domestic triggers, equity markets would focus on global cues such as FPI trend, US China trade talks and oil, rupee movement, say experts
  • Concerns over economic slowdown, muted earnings, auto industry crisis and global trade issues have been weighing on investor sentiment, experts said

A file photo of Artist impression of Amaravati city
A file photo of Artist impression of Amaravati city

Why Jagan Mohan Reddy can't dump Amaravati as Andhra Pradesh capital?

  • Jagan called the land acquisition for developing Amaravati a big scam and said his govt would order a thorough probe
  • Amaravati has the strategic, geographic advantage of being located centrally in Andhra Pradesh. So, it might not be easy to shift the capital from the current location, says an expert

 (Photo: AP)
(Photo: AP)

Governments look beyond Android and iOS to secure devices

  • Russia with 'Aurora OS' want to build a safe digital society with the Aurora OS for devices used across corporates and state-owned companies
  • The Indian government should also strive to own such secure OS for devices part of its key operations, Neil Shah of Counterpoint Research said

Gold prices are surging primarily owing to the decline in global growth rate, said Anuj Gupta of Angel Brooking
Gold prices are surging primarily owing to the decline in global growth rate, said Anuj Gupta of Angel Brooking

Gold may surge to 40,000 per 10 gram by Diwali

  • Lower interest rate by central banks and the ongoing trade war between the the US and China, were supporting the gain in gold prices
  • Currently the October contract of gold was priced at 37,995 per 10 gram on the Multi-Commodity Exchange

Long Reads
Ram Bahadur Rai was jailed during the Emergency (Photo: Pradeep Gaur/Mint)

Lessons for freedom from the Emergency

9 min read . 15 Aug 2019
Jayachandran/Mint

15 ways to define India’s slowdown

10 min read . 14 Aug 2019
This year, parts of Maharashtra, Karnataka and Kerala were hit by one of the worst floods in recent years (Photo: Reuters)

The urgent case for green finance

8 min read . 11 Aug 2019
BJP President and Home Minister Amit Shah addresses a public rally in Jind on Friday.  (Photo: ANI)
BJP President and Home Minister Amit Shah addresses a public rally in Jind on Friday. (Photo: ANI)

BJP to make Article 370 poll plank in state polls due this year

  • The first glimpse of the plan was visible on Friday in Jind, Haryana, where BJP president Amit Shah had gone to launch the election campaign
  • Assembly elections are likely to take place in Haryana, Maharashtra and Jharkhand later this year

Plain Facts
The government has, under the first three rounds of OALP, awarded 87 oil and gas fields to private and public entities.
The government has, under the first three rounds of OALP, awarded 87 oil and gas fields to private and public entities.

Govt increases oil, gas bidding round to three times a year

  • The government has increased expression of interest (EoI) submission cycle for oil and gas acreage to three times a year from two times earlier
  • The overhauled oil and gas exploration licensing policy will be implemented from the 4th bid round

A lot of “panic” evident in the US bond market is being imported from China and Europe’s darkening economic picture
A lot of “panic” evident in the US bond market is being imported from China and Europe’s darkening economic picture

Bond traders are hostage to a global gloom

  • Global forces are likely to remain in the driver’s seat for the $16 trillion Treasuries market in a week largely devoid of meaningful US data
  • Rates on 30-year bonds ended the week 22 basis points lower at 2.03%, after hitting an all-time low of 1.91%

Afghan men hug each other as they mourn during the funeral of their relatives after a wedding suicide bomb blast in Kabul (Photo: Reuters)
Afghan men hug each other as they mourn during the funeral of their relatives after a wedding suicide bomb blast in Kabul (Photo: Reuters)

Afghan wedding suicide blast kills 63, amid hopes for talks

  • The attack came as the Taliban, the US are trying to negotiate an agreement on the withdrawal of US forces in exchange for a Taliban commitment on security, peace talks with the Afghanistan govt
  • Taliban denied responsibility for the blast at a west Kabul wedding hall

 (Mint file)
Thousands of people streamed into a park in Hong Kong for what organizers hope will be a peaceful demonstration for democracy (Photo: AP)
Thousands of people streamed into a park in Hong Kong for what organizers hope will be a peaceful demonstration for democracy (Photo: AP)

Thousands of Hong Kongers brave rain to join anti-government rally

  • Demonstrators are seeking complete withdrawal of the extradition bill, a waiver of charges against those arrested, resumption of political reform
  • The turnout could show whether the movement still has broad-based support after the ugly scenes witnessed during the past week

You can view the content with two quality options: Auto and Good. The 'Good' option seems to show videos in 480p.
You can view the content with two quality options: Auto and Good. The 'Good' option seems to show videos in 480p.

Flipkart's video service is open-to-all without ads, at least for now

  • The bouquet of content is mainly in Hindi, although there are some videos in Tamil and Kannada
  • The company has added a dedicated section to its application and it provides content from players, like Arre, Dice Media, TVF and Voot

 (Photo: PTI)
Till the time the silt content in the Sutlej river at Nathpa Jhakri dam doesn't go below 5000 ppm, electricity production will remain suspended: Head of Nathpa Jhakri hydroelectric power plant (Image for representational purposes only)
Till the time the silt content in the Sutlej river at Nathpa Jhakri dam doesn't go below 5000 ppm, electricity production will remain suspended: Head of Nathpa Jhakri hydroelectric power plant (Image for representational purposes only)

India's biggest underground hydroelectric project suspended due to rise in silt

  • The amount of silt in Sutlej has crossed 8000 parts per million (ppm) in the Nathpa Jhakri dam in Kinnaur district
  • Operations in the 412 MW Rampur project in Shimla district were also shut down after silt level increased in the river owing to heavy rainfall

If a direct billing mechanism is implemented, airlines would be able to save around  ₹400 crore per year. Photo: HT
If a direct billing mechanism is implemented, airlines would be able to save around 400 crore per year. Photo: HT

Govt forms committee to rationalise additional taxes on Aviation Turbine Fuel

  • Currently, airlines have to pay charges such as 'throughput charges', 'into plane charges' and 'fuel infrastructure charges' when they take ATF at any airport for their planes
  • In India, ATF accounts for almost 40% of any airline's total expenditure

These Canadian pension funds also represent the so-called patient capital (Photo: Bloomberg)
These Canadian pension funds also represent the so-called patient capital (Photo: Bloomberg)

Ontario Teachers joins Canadian pension funds

  • This marks the pension fund joining the marquee names such as CPPIB and CDPQ
  • This comes in the backdrop of Canadian pension funds being uniquely positioned to invest directly into the infrastructure space

 (Photo: ANI)
The Reserve Bank of India (RBI) too has been buying gold for more than 18 months
The Reserve Bank of India (RBI) too has been buying gold for more than 18 months

Why gold prices may remain overvalued in relation to oil for long

  • The two key commodities -- oil and gold -- demand are taken generally taken into account to understand vivid economic scenarios
  • Both gold and silver exchange traded funds (ETFs) have entered a sustained period of accumulation

The logo of Mahindra and Mahindra (Photo: Reuters)
 (Photo: Pradeep Gaur/Mint)
ITR Filing
The Microbiology department's virology unit on the second floor of the teaching block was completely gutted, officials said (Photo: PTI)
The Microbiology department's virology unit on the second floor of the teaching block was completely gutted, officials said (Photo: PTI)

AIIMS fire: Virology unit gutted, samples destroyed

  • The fire started at around 5 pm from the Microbiology department of the AIIMS
  • Some patients, who were temporarily transferred from the AB Wing, will be shifted back by Sunday, said health minister Harsh Vardhan

The government plans to borrow  ₹4.48 trillion from the market in 2019-20 (Photo: Mint)
 (Jayachandran/Mint)
BJP national president and home minister Amit Shah (PTI)
Prime Minister Narendra Modi and Bhutanese Prime Minister of Bhutan Lotay Tshering, before a meeting in Thiphu on Saturday (PTI)
Prime Minister Narendra Modi and Bhutanese Prime Minister of Bhutan Lotay Tshering, before a meeting in Thiphu on Saturday (PTI)

India, Bhutan deepen trade ties

  • Prime Minister Narendra Modi inaugurated the 720-MW Mangdechhu hydropower project during his two-day visit to Bhutan
  • It underlined the NDA's 'neighbourhood first' policy, as well as India’s 'special relationship' with the strategically located country

Prior to the amendment, the Companies (Share Capital and Debentures) Rules of 2014 allowed the issue of shares with differential voting rights, subject to riders
Prior to the amendment, the Companies (Share Capital and Debentures) Rules of 2014 allowed the issue of shares with differential voting rights, subject to riders

Govt raises limit for raising funds without diluting voting rights

  • Promotors can retain control even as they raise capital from global investors
  • The changes are expected to benefit India Inc., particularly startups, which will be able to attract more capital, but without ceding control

 (Reuters file)
(Reuters file)

Two RCom promoters pledge additional 11.5% stake

  • Reliance Communications Enterprises and Reliance Telecom Infrainvest have pledged about 11.51% of their holding in RCom
  • Around 31.82 crore shares were pledged in favour of Axis Trustee Services acting as security/debenture trustee

 (Photo: Reuters)
 (AP )
 (Photo: Ramesh Pathania/Mint)
The petition will be most likely listed in the coming week
 (Mint file)
(Mint file)

Standard Chartered faces fine for sanctions breaches

  • Britain's Office of Financial Sanctions Implementation is looking to impose a penalty of over $12 million on the bank
  • The bank agreed in April to pay $1.1 billion to US and British authorities for conducting illegal financial transactions that violated sanctions against Iran and others

US President Donald Trump (Reuters file)
US President Donald Trump (Reuters file)

Signs of recession worry Donald Trump ahead of 2020

  • The financial markets signalled the possibility of a US recession this week, sending a jolt of anxiety to investors, firms and consumers
  • Us President Donald Trump has taken to blaming others for the recession fears, mostly the Federal Reserve, which he is pushing for further interest rate cuts

 (Photo:Reuters)
(Photo:Reuters)

Gold ETFs: Investors bet big on the safe haven asset

  • According to data from the World Gold Council (WGC), globally investors poured about $2.6 billion into gold-backed ETFs in July
  • The Gold Exchange Traded Funds (ETFs) are simple investment products that combine the flexibility of stock investment and the simplicity of gold investments

Airtel chairman Sunil Bharti Mittal
Amtek Auto was referred to NCLT in July 2017, after it defaulted on repayment of loans worth  ₹12,300 crore (Bloomberg file)
Amtek Auto was referred to NCLT in July 2017, after it defaulted on repayment of loans worth 12,300 crore (Bloomberg file)

NCLAT orders liquidation of Amtek Auto

  • Amtek Auto was among the first list of the 12 companies that were referred by the RBI in 2017 to respective banks for the initiation of insolvency process for default
  • The NCLAT also said there was no extraordinary situation in the resolution process of Amtek Auto to exclude the 90-day period

India coach Ravi Shastri.  (Reuters )
India coach Ravi Shastri. (Reuters )

Ravi Shastri reappointed head coach of Indian team

  • India have won 13 out of 21 Tests, 43 out of 60 ODIs and 25 T20 Internationals out of 36 on his watch
  • Since he came back in July, 2017 replacing Anil Kumble, whose differences with Kohli came out in the open, Shastri's coaching record has been phenomenal

The amendment to the IBC that now treats homebuyers as financial creditors, works in the buyers’ favour (Photo: Shutterstock)
 (Photo: Screen grab from video)
A Still from Gitanjali Rao’s animated feature ‘Bombay Rose’. The film is a love story between two flower-sellers, rendered in different animation styles that draw from various popular and folk art traditions. (Photo: Cinestaan Film Company)
A Still from Gitanjali Rao’s animated feature ‘Bombay Rose’. The film is a love story between two flower-sellers, rendered in different animation styles that draw from various popular and folk art traditions. (Photo: Cinestaan Film Company)

The dreamlife of Bombay

  • Gitanjali Rao’s animated feature, ‘Bombay Rose’, opens Venice Critics’ Week
  • It's a rare Indian animated film that's painted frame-by-frame and not aimed at children

A top made from assembled vintage black gloves and a skirt made of assembled vintage skirts from ‘Artisanal’
A top made from assembled vintage black gloves and a skirt made of assembled vintage skirts from ‘Artisanal’

Martin Margiela’s iconic designs to go under the hammer

  • Martin Margiela’s imaginative designs from a privately curated collection are set be auctioned in an online auction by Sotheby’s
  • The designer often incorporated found objects in his designs, such as a vest made from old playing cards, which highlight his singular creativity

 (Photo: Reuters)
(Photo: Reuters)

Apple Watch Series 5 to use OLED display

  • Apple Watch 5 is also rumoured to come with sleep tracking, a larger battery and more health features
  • In addition, Apple iPhone 11 would reportedly come with the same OLED displays used for Samsung's Galaxy S10 and Note 10

Directed by Neeraj Ghaywan and Anurag Kashyap, Sacred Games 2 also stars Ranvir Shorey, Amruta Subhash and Kalki Koechlin
Directed by Neeraj Ghaywan and Anurag Kashyap, Sacred Games 2 also stars Ranvir Shorey, Amruta Subhash and Kalki Koechlin

'Sacred Games 2' memes take over social media

  • In 'Sacred Games 2', actors Saif Ali Khan and Nawazuddin Siddqui reprise their roles as Inspector Sartaj Singh and Ganesh Gaitonde
  • Those disappointed with the 2nd season of the series went on to express the feeling with images of old and torn clothes, broken cars, and stills from 'Games Of Thrones'

Actors Akshay Kumar, Taapsee Pannu and Vidya Balan star in Mission Mangal. (Photo: ANI)
Actors Akshay Kumar, Taapsee Pannu and Vidya Balan star in Mission Mangal. (Photo: ANI)

‘Mission Mangal’ grows on day two, ‘Batla House’ sustains

  • Trade website Box Office India said there was only a 40% drop in the collections of Mission Mangal on the second day
  • Batla House is trailing behind the trajectory of Abraham’s Satyameva Jayate that released last Independence Day

 (Photo courtesy: Teabox )