Earlier this month, DHFL said that its draft resolution plan submitted to lenders spares creditors from having to take haircuts on principal payments (Photo: Pradeep Gaur/Mint)
Earlier this month, DHFL said that its draft resolution plan submitted to lenders spares creditors from having to take haircuts on principal payments (Photo: Pradeep Gaur/Mint)

Lenders of DHFL set to declare 65% of its debt as unsustainable

  • DHFL shares fell nearly 13% on Thursday over speculation that lenders may take a majority stake in it
  • Of the total unsustainable debt of DHFL, 760 crore will be converted into equity at 54 per share

CBI officials escort Chidambaram out of the court (Photo: Raj K. Raj/HT)
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Pawan Munjal, chairman of Hero MotoCorp,has also invested in electric scooter manufacturing startup Ather Energy
Pawan Munjal, chairman of Hero MotoCorp,has also invested in electric scooter manufacturing startup Ather Energy

Pawan Munjal to plug into Ola Electric

  • An investment in Ola Electric will be made by Munjal in his personal capacity and not linked to Hero MotoCorp
  • An investment in Ola Electric would be a major endorsement of the potential of electric mobility in India

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On Thursday, Yes Bank shares plummeted as much as 14% before closing 8.21% lower at  ₹56.30, a five-year low (MINT_PRINT)
The Hindi version of Angry Birds is being voiced by comedian Kapil Sharma and two other talents from his TV show
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The BSE Sensex fell 587.44 points, or 1.59%, to 36,472.93, while the Nifty shed 1.62% to 10,741.35 (Photo: Bloomberg)
The BSE Sensex fell 587.44 points, or 1.59%, to 36,472.93, while the Nifty shed 1.62% to 10,741.35 (Photo: Bloomberg)

Markets fall as hopes of stimulus package for India Inc fade

  • Markets declined for a third straight day on Thursday amid weak global cues and a lack of clarity over norms for FPIs
  • Analysts said besides taxation norms, India’s macro headwinds could lead to FPIs selling local shares

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Plain Facts
US President Donald Trump. (Reuters)
 (Photo: Mint )
(Photo: Mint )

Opinion | Why doctors worry about locally made medical devices

The big question is: What is the quality of care we are offering our patients?

Zomato founder and chief executive Deepinder Goyal. (Ramesh Pathania/Mint)
Long Reads
Kia Motors has lined up a premium multi-purpose vehicle and a compact SUV for launch.
 (Reuters)
Union Home Secretary Rajiv Gauba at Parliament during the Budget session. Photo: ANI
The first Moon image captured by Chandrayaan-2 Lander Vikram from a height of about 2,650km from lunar surface.  (Photo: Twitter (@isro) )
Prime Minister Narendra Modi had pitched for a global electricity grid while inaugurating the first general assembly of ISA in October 2018.  (Photo: AP)
Prime Minister Narendra Modi had pitched for a global electricity grid while inaugurating the first general assembly of ISA in October 2018. (Photo: AP)

At solar alliance summit, Delhi to propose global power grid

  • The global grid will aim to connect countries like Myanmar, Thailand, Cambodia, Laos and Vietnam
  • The proposals will be presented at the second general assembly of ISA to be held in New Delhi from 30 October to 2 November

 (Photo: iStock)
(Photo: Bloomberg)
Health officials are proposing prison term of up to one year, with a penalty of up to  ₹1 lakh for first-time offenders.
Health officials are proposing prison term of up to one year, with a penalty of up to 1 lakh for first-time offenders.

Government proposes ban on e-cigarettes, with jail term of up to 3 years

  • The govt’s plans would deal a blow to US-based Juul Labs Inc, which is hoping to launch its e-cigarette in India
  • First-time offenders would face a prison term of up to one year and a fine of 100,000 rupees

 (Illustration: Jayachandran/Mint)
The one-on-one interaction was followed by the delegation-level talks. (@MEAIndia )
The company has also decided to update its logo and brand colour. (Company Photo)
The OBHS, pest control, linen supply and toilet maintenance would continue on all 110 identified trains. (Mint)
The OBHS, pest control, linen supply and toilet maintenance would continue on all 110 identified trains. (Mint)

Southern Railway denies reports on suspending OBHS in over 100 trains

  • The OBHS, pest control, linen supply and toilet maintenance would continue on all 110 identified trains
  • At no stage did it consider stopping OBHS and other allied services on Southern Railway trains

The Delhi High Court had in May directed Johnson and Johnson to make an interim payment of  ₹25 lakh each. (Bloomberg )
The Delhi High Court had in May directed Johnson and Johnson to make an interim payment of 25 lakh each. (Bloomberg )

Faulty hip implants: J&J pays 25 lakh each to three victims in Uttar Pradesh

  • The Delhi High Court had in May directed Johnson and Johnson to make an interim payment of 25 lakh
  • According to Uttar Pradesh Drug Licensing and Control officer A K Jain, the company has given compensation to three patients

Late last year the government clarified norms that govern foreign investment and the functioning of an e-commerce marketplace.
Late last year the government clarified norms that govern foreign investment and the functioning of an e-commerce marketplace.

Policy for food aggregators continues to be ambiguous

  • Some experts say food delivery falls under the ambit of e-commerce guidelines
  • Regulators have unofficially exempted food apps from policy for marketplaces, say those privy to talks

Congress Interim President Sonia Gandhi (Photo: ANI)
Photo: Mint
Infosys co-founder N.R. Narayana Murthy (File photo: Aniruddha Chowdhury/Mint)
Infosys co-founder N.R. Narayana Murthy (File photo: Aniruddha Chowdhury/Mint)

India's fiscal scene has never been better in 300 years: Narayana Murthy

  • 'For the first time, we have an economic environment that engenders confidence that we can indeed overcome our poverty and create a better future for every Indian,' Murthy said in UP
  • 'If we try hard, we can wipe the tears off the eyes of the poorest of the poor child,' said Murthy

'Our financial performance however this fiscal is very good and we are moving towards a healthy operating profit,' says the airline's spokesperson (MINT_PRINT)
'Our financial performance however this fiscal is very good and we are moving towards a healthy operating profit,' says the airline's spokesperson (MINT_PRINT)

OMCs stop fuel supply to Air India at six airports over non-payment of dues

  • In absence of financial support, Air India cannot handle huge debt service liabilities, said an airline spokesperson
  • The airports where the fuel supply was stopped are Cochin, Visakhapatnam, Mohali, Ranchi, Pune and Mohali

(File photo: Reuters)
Zomato founder Deepinder Goyal (Photo: Ramesh Pathania/Mint)
Zendrive CEO and co-founder Jonathan Matus.
The Kia Seltos. Source: Twitter/KiaMotorsIN
Even more companies have now begun to lay off temporary workers as the slowdown worsens (Photo: Reuters)
Photo shows the sign outside a McDonald's restaurant.  (AP)
The meagre growth is due to the overall economic slowdown of the economy, said experts.
The meagre growth is due to the overall economic slowdown of the economy, said experts.

Air traffic growth slumps in Jan-Jul

  • About 82.56 million passengers travelled on domestic routes in January to July against 80.04 million passengers a year earlier
  • Airlines expect headwinds especially in June-to-August, which is seasonally weak for travel

Financial details of the transaction were not disclosed (Photo: Reuters)
Japan’s bullet trains made their debut in the same year as the 1964 Tokyo Olympics
Japan’s bullet trains made their debut in the same year as the 1964 Tokyo Olympics

Mind the doors: Japan bullet train runs with door open at 280 kph

  • The Tokyo-bound Hayabusa No. 46 train screeched to an emergency stop in a tunnel shortly after leaving Sendai station
  • The accident, due to human error, was a rare mishap for the Japanese 'Shinkansen' bullet train

 (Santosh Sharma/Mint )
 (Santosh Sharma/Mint )
 (Photo: Reuters)
Negative news has dominated the credit rating business (Abhijit Bhatlekar/Mint)
The scheme would continue till 31 December 2019.
HDFC bank. (REUTERS)