Private equity investors Blackstone Group, Apax Partners and Warburg Pincus are seeking more details of Yes Bank Ltd’s exposure to stressed loan accounts. (Abhijit Bhatlekar/Mint)
Private equity investors Blackstone Group, Apax Partners and Warburg Pincus are seeking more details of Yes Bank Ltd’s exposure to stressed loan accounts. (Abhijit Bhatlekar/Mint)

Markets likely to be under pressure amidst geo-political tension

  • Financial markets have been sideswiped since a sudden escalation in Sino-US trade tensions in early May
  • Geopolitical tensions in the Middle East added another layer of uncertainty for investors

Ravneet Gill, chief executive officer of Yes Bank . (Abhijit Bhatelkar/Mint)
Ravneet Gill, chief executive officer of Yes Bank . (Abhijit Bhatelkar/Mint)

Top PE investors seek details about Yes Bank

  • Warburg, Blackstone and Apax look to invest up to $750 million in Yes Bank
  • While Apax Partners and Blackstone declined to comment, an email sent to Warburg Pincus remained unanswered until press time

SoftBank is now eyeing smaller transactions in the range of $100-200 million as part of a revamp of its India strategy.bloomberg Funds from Masayoshi Son’s SoftBank helped Oyo Hotels’ aggressive expansion globally. (Bloomberg)
SoftBank is now eyeing smaller transactions in the range of $100-200 million as part of a revamp of its India strategy.bloomberg Funds from Masayoshi Son’s SoftBank helped Oyo Hotels’ aggressive expansion globally. (Bloomberg)

With its large cheques, SoftBank creates a club of startup super-haves

  • Typically, SoftBank leads the capital infusion and commands a large stake when it invests in a firm
  • The fear probably stems from the fact that in 2017, SoftBank was actively mediating merger talks between its two investee firms and rivals—Flipkart and Snapdeal

Auto sales and company profits will be under pressure even after FY20. (Pradeep Gaur/Mint)
Mark to Market
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Finance minister Nirmala Sitharaman will chair the Goods and Services Tax Council meeting. (PTI  )
India has so far received only 39.7mm of rainfall. (Aniruddha Chowdhury/Mint)
India has so far received only 39.7mm of rainfall. (Aniruddha Chowdhury/Mint)

Monsoon proves to be a dampener, for now

  • Drought-like conditions may worsen as overall rain deficiency in the first half of June widened to 43%
  • Adequate rainfall in the monsoon season is critical for India’s agricultural output and the overall economy

Long Reads
Finance minister Nirmala Sitharaman and minister of state Anurag Thakur hold a pre-budget consultation meeting with representatives of the financial sector and capital markets in New Delhi. (Photo: PTI)

Making sense of the NBFC puzzle box

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Girish Karnad had an unsentimental public persona, and a certain rational, pragmatic pursuance of life all through his eight decades. (Photo: India Today Group/Getty Images)

The untold story of Girish Karnad

9 min read . 13 Jun 2019
Studies warn what we call a seasonal drought is, in fact, a full-blown water crisis, accentuated by poor planning. Groundwater and sand extraction from river beds and basins has turned unsustainable, say many government and independent studies. (Photo: Abhijit Bhatlekar/Mint)

A wish list on water from parched India

10 min read . 11 Jun 2019
Photograph by Abhijit Bhatlekar/Mint; Graphic by Paras Jain/Mint (Photo: Abhijit Bhatlekar/Mint)

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PM Modi held an all-party meeting ahead of the budget session of Parliament, in New Delhi on Sunday. (PTI)
Manchester: Indian players celebrate the dismissal of Pakistan's Mohammad Hafeez, right, during the Cricket World Cup match between India and Pakistan at Old Trafford in Manchester, England, Sunday, June 16, 2019.  (Photo: AP)
Manchester: Indian players celebrate the dismissal of Pakistan's Mohammad Hafeez, right, during the Cricket World Cup match between India and Pakistan at Old Trafford in Manchester, England, Sunday, June 16, 2019. (Photo: AP)

India thrash Pakistan, maintain perfect World Cup record

  • India started of brightly having been put into bat with new opening combination of KL Rahul and Rohit Sharma adding more than a 100 run stand for the first wicket
  • India now have seven points from their four matches at the World Cup

Plain Facts
Canada's fast-track program has won kudos from a growing tech sector racing to compete for international talent. (Mint)
Canada's fast-track program has won kudos from a growing tech sector racing to compete for international talent. (Mint)

New Canada fast-track visa lures Indian techies away from US

  • The principal fast-tracked job applicants were also accompanied by about 16,000 family members
  • Canada added 321,065 immigrants last year, the largest annual increase since 1913

This is the first time that the BJP will lead a coalition for a second consecutive five-year term. (Pradeep Gaur/Mint)
This is the first time that the BJP will lead a coalition for a second consecutive five-year term. (Pradeep Gaur/Mint)

Opinion | All eyes on Lok Sabha as it pads up for a new innings

The House will reflect the reset India’s polity has undergone with emergence of BJP at centre

During the March quarter, ONGC’s net profit fell the most in 13 quarters due to lower crude oil prices and higher costs. (Photo: Bloomberg)
During the March quarter, ONGC’s net profit fell the most in 13 quarters due to lower crude oil prices and higher costs. (Photo: Bloomberg)

ONGC to auction over 60 fields to private operators

  • Advisory services firm KPMG has received the mandate to run PEC process for ONGC
  • The marginal and small fields will be auctioned under the PEC mechanism, to enhance production

Government made a record capital infusion of  ₹1.06 trillion in state-owned banks last fiscal. It was enhanced from earlier provision of  ₹65,000 crore in December 2018 (Photo: Mint)
Government made a record capital infusion of 1.06 trillion in state-owned banks last fiscal. It was enhanced from earlier provision of 65,000 crore in December 2018 (Photo: Mint)

Budget likely to make 30,000 crore provision for PSBs

  • GDP growth has slipped to 5-year low of 6.8%, in addition, public sector banks will need capital for credit growth
  • As far as their own resource mobilisation are concerned, sources said, they are unable to tap capital market because of their low share prices

Saudi finance minister Mohammed al-Jadaan. Bloomberg
Saudi finance minister Mohammed al-Jadaan. Bloomberg

Saudi Arabia hires i-banks for bond meetings in Europe

  • Riyadh began issuing international bonds in 2016 after lower oil prices hit its finances
  • The kingdom was considering issuing its first euro-denominated bonds this year, as it looks to diversify its funding base

 (Photo: Twitter (@cricketworldcup))
 (Photo: Mint)
A view of a flooded road after Monsoon rains in Kochi.
Analysts believe that the drag on earnings would continue as banks are yet to fully insure their balance sheets through provisioning.  (Ramesh Pathania/Mint)
Analysts believe that the drag on earnings would continue as banks are yet to fully insure their balance sheets through provisioning. (Ramesh Pathania/Mint)

For public sector banks, the curse of capital shortage is continuing

  • SBI has deferred its fundraising plan via QIP to a later date, citing no need for fresh capital
  • Investors still cold to state-run bank shares, reflected in Nifty PSU Bank’s 7% fall in last two months

FILE - Boeing Chief Executive Dennis Muilenburg speaks during a news conference after the company's annual shareholders meeting at the Field Museum in Chicago
FILE - Boeing Chief Executive Dennis Muilenburg speaks during a news conference after the company's annual shareholders meeting at the Field Museum in Chicago

Boeing CEO concedes 'mistake' with planes in 2 fatal crashes

  • Chief Executive Dennis Muilenburg told reporters in Paris on Sunday that Boeing's communication 'was not consistent and that's 'unacceptable.'
  • The US Federal Aviation Administration has faulted Boeing for not telling regulators for more than year that a safety indicator in the Max cockpit didn't work

Photo: Pradeep Gaur/Mint
Photo: Pradeep Gaur/Mint

How private banks are taking over Indian banking

  • While public sector banks continue to have the most deposits among the different kinds of banks operating in India, they have lost market share over the years
  • In 2018-19, private banks gave a total of 7.3 trillion in loans, while public sector banks gave 2.3 trillion in loans

Officials involved in the process of mutual administrative assistance between the two countries said.
Officials involved in the process of mutual administrative assistance between the two countries said.

Noose tightens on Swiss account holders; Details of at least 50 Indians shared

  • These individuals largely include businessmen associated with companies, including the dummy ones
  • Switzerland has been striving hard for the past few years to shed a long-standing perception of it being a safe haven for black money

 (iStock)
People walk past a Punjab National Bank branch in Mumbai. (Photo: Reuters)
ICICI Prudential Mutual Fund CEO Nimesh Shah.
Vighnesh Shahane and wife Jyotsna work together to make their children, Ishaan and Aastha, financially conscious. ( Photo: Niruddha Chowdhury/Mint)
Vighnesh Shahane and wife Jyotsna work together to make their children, Ishaan and Aastha, financially conscious. ( Photo: Niruddha Chowdhury/Mint)

Father's Day: Dad, don’t throw a money googly

  • Four tips to set you, as a father, on the right path when it comes to kids and finances
  • You are not doing enough if you are saving but not investing wisely... if it’s too much of an ask, work with a planner

The study also showed that India’s share of worldwide transaction value of digital payments is also set to increase from 1.56% to 2.02% in the next four years. pradeep gaur/mint
The study also showed that India’s share of worldwide transaction value of digital payments is also set to increase from 1.56% to 2.02% in the next four years. pradeep gaur/mint

Digital payments to more than double to $135.2 bn by 2023

  • India will see the fastest growth in digital payments’ transaction value between 2019 and 2023, with a CAGR of 20.2%
  • The study also showed that India’s share of worldwide transaction value of digital payments is also set to increase from 1.56% to 2.02% in the next four years

Dilip Ghosh, West Bengal BJP president.
Junior doctors during a protest in Kolkata. (Reuters)
Pakistan PM Imran Khan. (Reuters)
Lendingkart co-founder and CEO Harshvardhan Lunia.
As part of its strategy, First Solar has developed and sold solar assets in other markets as well.bloomberg
More than laws, this country should trust its traditions and social decency. Photo: Sam Panthaky/AFP
Karthik Reddy of Blume Ventures.
Maharashtra CM Devendra Fadnavis. (Abhijit Bhatlekar/Mint)
Junior doctors come out after the general body meeting at NRS government hospital in Kolkata on Sunday.  (Photo: ANI)
Junior doctors come out after the general body meeting at NRS government hospital in Kolkata on Sunday. (Photo: ANI)

Opinion | For the right cure

This situation is unlikely to change soon given the meagre spending on the sector

 (Photo: PTI)
Bangladesh players play football during a training session at The County Ground in Taunton,  (Photo: AFP)
Bangladesh players play football during a training session at The County Ground in Taunton, (Photo: AFP)

Bangladesh, WI will want to keep semis hopes alive

  • West Indies have blown hot and cold, while Bangladesh have been unlucky due to rain and a narrow loss to New Zealand in this World Cup
  • Both teams will want to keep alive their hopes of qualifying for the semi-finals when they meet at Taunton on Monday

Hexaware Technologies CEO R. Srikrishna.
Boeing chief executive officer Dennis Muilenburg (Photo: Reuters)
Samsung Electronics vice-chairman Jay Y. Lee (Photo: Reuters)
Samsung Electronics vice-chairman Jay Y. Lee (Photo: Reuters)

Samsung's Lee looks beyond next 10 years with 6G, system chips

  • Last week, Lee held discussions on potential collaboration to develop blockchain tech, 6G networks, AI
  • Samsung’s statement didn’t specifically mention ongoing trade tensions between the US and China or bans on rival Huawei

 (Vipul  Sharma/Mint )
 (Vipul Sharma/Mint )
When Shantanu Bhattacharya started a new division in his office, one person refused to cooperate, making it difficult for the entire team to work. (Photo: Aniruddha Chowdhury/Mint)
When Shantanu Bhattacharya started a new division in his office, one person refused to cooperate, making it difficult for the entire team to work. (Photo: Aniruddha Chowdhury/Mint)

Got a toxic colleague? Here’s how to handle it

Managing an overbearing boss, a nasty colleague or a team member who dodges tasks requires a high degree of professionalism and a lot of clear communication