Saudi Aramco claims suspended oil production would come online by Sept end

• Saudi Aramco CEO Amin Nasser said the production capacity, suspended due to terror attacks on its plants at Abqaiq and Khurais, would be fully restored by the end of September
• Saudi Aramco had assured India that it will honour its supply contracts despite the production cuts

WeWork IPO postponed, $2.75-bn India unit deal faces delays

• We Co. may seek a valuation between $10 bn and $12 bn for its IPO, less than the $47 bn valuation it achieved in Jan
• Holding firm Embassy plans to raise fresh capital to fund WeWork’s India operations and expand its presence

Oyo  to  raise  $200  mn for luxury push in US

• Oyo’s strategy to raise debt for buying hotels in the US is one that it has followed in India and Europe as well
• The company, which bought Hooters Casino Hotel in Las Vegas last month, has identified the premium hotels segment as its area of focus outside India

Debt woes worsening despite RBI rate cuts

• Aggregate profit growth declined 5.41% in Q1FY20 from a growth of 20% in the year earlier for 335 listed firms
• The interest coverage ratio, which measures the ability of businesses to pay interest on their loans, fell to a 13-quarter low in the June quarter

Sebi bars Gautam Thapar from accessing markets

• Sebi has asked BSE to appoint an independent auditor to conduct a forensic audit of CG Power books
• Sebi said Thapar was prima facie guilty of misusing the company’s assets

Oil prices sink 5% as quick Saudi output recovery seen

• In the space of several minutes in afternoon European trading, North Sea Brent crude oil for delivery in Nov tumbled from $67.75 to $65
• The spike in the oil price had stoked fears that costlier energy and geopolitical instability could weigh on an already slowing global economy

Rosneft steps in to help India fill gap in oil supply

• Development comes as oil marketing firms seek long-term contracts for Russian oil
• India held talks with the Trump administration also on energy imports from Iran

'Blueprint ready': Govt mulling fourth booster dose to revive economy

• The blueprint for the stimulus is ready, which would be announced by FM Nirmala Sitharaman in the next few days, a govt official said
• The first set of announcements was made on 23 August that included rollback of the enhanced surcharge imposed on foreign portfolio and domestic investors

Houston event is a big feat for NRIs, says Jaishankar

• Jaishankar said the ‘Howdy Modi!’ mega event on 22 Sept in the US will be a crowning moment for Indian-Americans
• The community meeting in Houston comes at a time when trade tensions between India and the US have increased in recent months

PoK part of India, expect to have physical jurisdiction over it: Jaishankar

• The government has maintained that henceforth talks with Pakistan would be only about PoK and not on Kashmir
• 'Our position has, is and will always be very clear on PoK, that it is part of India and we expect one day we will have physical jurisdiction over it,' Jaishankar told reporters

DHFL's resolution plan hits a major roadblock

• Only a small segment of bondholders have agreed to be on board the proposed resolution
• The process has been further complicated as certain bondholders have also initiated a process to take DHFL to bankruptcy court

This is what the new OnePlus 7T will look like

• OnePlus CEO Pete Lau said the new smartphones will sport 'a new smooth matte surface with a brilliant metallic radiance'
• OnePlus also teased the 90Hz, Fluid AMOLED display that will be fitted on the OnePlus 7T

EPFO to soon credit interest into 6 crore EPF accounts

• EPFO had approved an interest rate of 8.65% for 2018-19
• This is higher than 8.55% interest rate fixed for 2017-18

Why Rafale jets may be inducted into IAF by next summer only

• India will have to wait till April-May before the delivery of jets begins
• Rafale jet is a very good aircraft and when it comes into the subcontinent, it will be a game changer because it has significant capabilities, says B. S. Dhanoa, Chief of the Air Staff

A lost year for markets as all 2019 gains erased

• The oil prices scare has added yet another worry for government that is trying to combat an economic slump
• Sell-off in stocks continues for second straight day despite Saudi assurance

Govt scraps import duty on open cell LED TV panel

• Panels make up over 60-70% of the cost of manufacturing LED TV sets
• The demand for TV in India has seen a slump amid consumer slowdown, more competition and increased GST on large TV sets

Moody’s says RBI’s decision to cut risk weight on consumer loans credit negative

• The RBI last week reduced risk weight on consumer loans such as personal loans to 100% from 125%
• According to Moody's, the strong growth of personal loans in recent years was supported by the yields offered by these unsecured loans

Amazon Prime Video targets ‘many Indias’ for growth

• The service currently offers content in Hindi, Tamil, Telugu, Kannada, Malayalam, Marathi, Bengali, Punjabi and Gujarati
• Amazon content is currently watched in about 4,000 Indian towns and cities

Xiaomi Smarter Living event: Here's everything that was launched

• Xiaomi introduced new TV sizes in the Mi TV 4X- and 4A- series, a new water purifier and the Mi Band 4
• It also launched a black variant of the Mi Soundbar

Airtel Payments Bank launches Bharosa savings account scheme: 5 things to know

• Airtel Payments Bank's Bharosa savings account would offers ₹5 lakh personal accident insurance
• Customers would also be eligible for cashback

Apple cuts prices of older iPhones, iPhone XR. How they compare with iPhone 11

• Following the launch of the new iPhone 11 series, Apple has reduced the price of older iPhone models like iPhone XR and iPhone XS
• The new iPhone 11 will be sold in India at a starting price of ₹64,900

Static WPI inflation adds to slowdown worries

• Wholesale prices of manufactured products in August were at the same level as a year ago, signalling that producers lacked pricing power
• RBI has been focusing only on CPI-based inflation after a 2015 monetary framework pact with the Centre

Gold prices fall for second today, down ₹2,000 from highs; silver declines

• A pullback in global oil prices eased inflationary concerns, pushing gold prices lower
• Silver also followed suit, suffering more losses than gold

Bhubaneswar airport to remain partially shut for 8 months

• The runway re-carpeting will be done in two phases from November
• The re-carpeting of the runway is a regular maintenance work and was last taken up at the Biju Patnaik International Airport in 2007

Setback for Mayawati as six Rajasthan BSP MLAs switch to Cong

• With the defection, the renewed tally of the Congress in the Rajasthan legislative assembly is 106
• This is the second time since 2009 when six MLAs of BSP had moved sides to join the Congress

A photo stand of PM Modi that costs ₹1 crore

• The e-auction includes over 2700 mementos, including paintings, sculptures, shawls, jackets and traditional musical instruments
• The lowest base price of the mementos is ₹200 and goes all the way up to ₹2.5 lakh

Indians are the largest resident non-migrants in US

• In 2016, there were 580,000 Indians in the US as resident non-immigrant
• Of these, 440,000 were temporary workers, which includes those on H-1B visas and 140,000 were students

Client engagements more project oriented: Cognizant India’s CMD

Given our ahead-of-the-curve investments in digital, Cognizant is well positioned to capitalize on this substantial market, says Ramkumar Ramamoorthy, CMD, Cognizant India

Govt will draw curtains on state-owned trading companies, says Piyush Goyal

• Trade minister Piyush Goyal says the government has no business of remaining in such businesses
• Shares of MMTC and STC decline 16.6% and 19.6%, respectively

Demat, trading accounts can be unbundled

• Investors can also choose to have just a demat account
• However, if at any time, they intend to sell the securities, they will need to open a trading account and link the demat account to it

Bajaj Finance to raise Rs8,500 crore via QIP

• Bajaj Finance board approves raising of capital through QIP for an aggregate amount not exceeding Rs8,500 crore by issue of equity shares
• Stock of Bajaj Finance closed 1.54% lower at Rs3,365.65 on the BSE

Govt waives 3-year lock-in period on investments by non-residents in IDF bonds

• A notification in this regard has been issued by the Central Board of Direct Taxes (CBDT)
• IDFs are investment vehicles to accelerate the flow of long-term debt to the sector

Noose tightens around ex-Kolkata top cop, CBI forms teams to trace him

• On Tuesday, the CBI asked Rajeev Kumar to appear before it for questioning in the Saradha scam case at 10am. However, Kumar failed to appear
• On Friday, Kumar’s protection from arrest was struck down by the Kolkata High Court

Inside Amazon’s biggest office in the world

There’s never an opportunity not to work at the global e-commerce company’s new Hyderabad campus, where even the elevators have whiteboards to scribble ideas

Best health plans for a sum insured of ₹20 lakh for 30 and 45 year olds

• Here is a comparison of top health insurance plans for different sum assured and across different age groups
• Only the A-rated health insurance plans have been shown here

Recipe of 'sweet maggi' in milk goes viral, Twitter is not lovin' it

• The video of 'sweet maggi' has received over 963 retweets on Twitter
• The video of 'sweet maggi' is currently being circulated by netizens on Twitter with several reactions, videos, memes and jokes

From ATM to bank lockers to yoga centre: DDA's new master plan proposes new norm

• The decision was taken during the authority meeting of the urban body chaired by Lt Governor Anil Baijal at the Raj Niwas
• The approved proposals will be sent to the Ministry of Housing and Urban Affairs for consideration and final notification

Tailor your money plan to your risk appetite

• Risk-averse Madans took a planner’s help to smoothen their financial life
• The family is on course to achieve their goals with minimal exposure to risky assets, and having a planner has smoothened their risk-averse financial journey

Opinion | Our economy needs a systems thinking-based solution

Surgery on the economy with blunt instruments like free trade can cause great harm

New traffic rules: No petrol, diesel without helmet, seat belt in this town

• Darbhanga district transport officer has issued an order to all the petrol pumps to not entertain bikes without a helmet
• Another town in Bihar is asking all violators to buy a new helmet on the spot

If probate for will is granted, it’ll apply to all properties owned by deceased

• If the ancestral house is treated as a self-acquired property of your mother’s father, he could bequeath the entire property
• Once the probate for a Will is granted , by virtue of Section 273 of the Indian Succession Act, 1925, the probate shall have effect over all the property, moveable or immoveable, of the deceased

Four ways in which the falling rupee can impact your money

• Apart from paying high fuel prices, you may also end up shelling more for education and travel abroad
• One of the biggest mistakes people make while planning for an overseas education is ignoring inflation

Mint Globetrotter Index: Take a trip to Victoria

• The Mint Globetrotter index compares the cost of 25 essential travel spends for 50 cities across regions
• Here, Mint Money will list these 25 spends for a city and compare it with Delhi

What is Liberalised Remittance Scheme and what’s it used for?

• According to the prevailing regulations, resident individuals may remit up to $250,000 per financial year
• The remitted amount can also be invested in shares, debt instruments, and be used to buy immovable properties in overseas market

Early-stage funding declines as investors tighten purse strings

• Number of early-stage deals fell to a 5-year low in first half of 2019
• Tepid investment sentiments are also visible in the number of new venture capital funds raised

IL&FS group firms to sell 494 acres land to pare debt

• IL&FS, IL&FS Township & Urban and IL&FS Engineering currently hold 9%, 40% and 31% stakes, respectively, in Hill County Properties Ltd
• HCPL houses various land parcels/development rights for properties aggregating to nearly 494 acres spread across six sites in Telangana, AP and UP

How India fares against other emerging markets

Mexico, Turkey, and Brazil were the only three large emerging markets that fared worse than India in August, shows the Mint Emerging Markets Tracker

Indian equity, hybrid MFs have highest expense ratios in the world: Morningstar

• The study said the average expense ratio charged by hybrid funds in India is 1.78%
• For debt funds, the study placed India in the middle of the pack of 26 countries analyzed by it

Coffee Day to sell GV Tech Park to Blackstone for Rs2,700 crore

• Coffee Day Enterprises is selling real estate property GV Tech Park as part of efforts to raise funds for paring the debt
• Shares of Coffee Day Enterprises ends 2.09% down at Rs72.75 apiece on the BSE

Investing in mutual funds becomes cheaper on Sebi measures: Report

• India had been among the most-expensive countries when it comes to expense ratios
• The steps taken by Sebi have helped in improving India's fees and expenses grade to 'average' from 'below average'

Spooked by PM Modi's plastics ban, India Inc seeks clarity, exemptions

• CII will ask the government to consult industry executives and define what will be categorized as single-use plastics
• A nationwide ban on plastic bags, cups, small bottles, straws is expected next month as part of PM Modi's efforts to reduce use of pollution-causing, single-use plastic

Ola to hire over 100 freshers from B-schools, engineering colleges

• Ola is targeting premium business schools across the country, including IIMs as well as institutes like XLRI, ISB and IITs as part of its campus placement programme
• Srinivas Chunduru, group chief human resources officer at Ola, says the company is going through an exponential growth phase

Sanjay Leela Bhansali to co-produce film on PM Narendra Modi

• Sanjay Leela Bhansali and Mahaveer Jain have earlier collaborated on romantic drama Malaal that released this July
• The cast or other details about the project have not been disclosed yet

Increase in onsite hiring led to margin pressure for IT sector in Q1FY20: Icra

• Several proposed legislations to substantially increase the minimum wages for H-1B visa holders will impact the margins adversely, if implemented, says an Icra report
• Icra expects FY20 IT services sales growth to remain at 6-8% in dollar terms