Yes Bank co-founder Rana Kapoor (Bloomberg file)
Rashesh Shah, chairman of Edelweiss Financial Services. Photo: Abhijit Bhatlekar/Mint (Abhijit Bhatlekar/Mint)
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High attrition has negative impact like higher recruitment costs, dissatisfaction among the employees, lower client satisfaction, and lower utilization (Bloomberg file)
High attrition has negative impact like higher recruitment costs, dissatisfaction among the employees, lower client satisfaction, and lower utilization (Bloomberg file)

Infosys confident of taming high attrition rate with skilling, other incentives

  • The attrition rate at Infosys was at 23.4% in April-June, up 3% from 20.4% in the previous quarter
  • This was much higher than competitor Tata Consultancy Services' attrition rate of 11.5% in the quarter ended June

Former Reserve Bank of India governor Bimal Jalan (Mint file)
Bechal Kumar Singh, 23, delivers a cake to an office complex in Gurugram's sector 21 on a Sunday afternoon. Singh, who hails from Darbhanga, Bihar, joined online food delivery company Swiggy a year-and-a half. (Photo: Pradeep Gaur/Mint)
Bechal Kumar Singh, 23, delivers a cake to an office complex in Gurugram's sector 21 on a Sunday afternoon. Singh, who hails from Darbhanga, Bihar, joined online food delivery company Swiggy a year-and-a half. (Photo: Pradeep Gaur/Mint)

The loneliness of the delivery man

Ferrying a Swiggy or Zomato delivery may earn just 30-40 per order. Is it fair?

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Bhargava said Sitharaman 'is correct' in saying that the youth are opting for Ola and Uber rather than buying new vehicles (Photo: Bloomberg)
Bhargava said Sitharaman 'is correct' in saying that the youth are opting for Ola and Uber rather than buying new vehicles (Photo: Bloomberg)

Maruti chairman says millennials want gadgets over cars

  • There’s no point in a temporary cut in GST rates, says R.C. Bhargava
  • Bhargava says the buying power of Indian consumers has not risen in line with the increase in car prices

Long Reads
Broadly, road safety seems to be correlated with a country’s wealth: richer countries tend to have safer roads. (Photo: HT)
A working group of officials from financial sector regulators found that default rates disclosed by rating agencies differed from what were reported on RBI’s Central Repository of Information on Large Credits (Photo: Aniruddha Chowdhury/Mint)
A working group of officials from financial sector regulators found that default rates disclosed by rating agencies differed from what were reported on RBI’s Central Repository of Information on Large Credits (Photo: Aniruddha Chowdhury/Mint)

New framework for easier access to data on defaults in works

  • The framework will seek to bridge the gap in default rates disclosed by rating firms and those available on RBI’s repository
  • RBI has initiated an inspection of credit information companies to assess the quality of information

The logo of the Reserve Bank Of India (RBI) at the RBI headquarters in Mumbai.  (REUTERS)
The logo of the Reserve Bank Of India (RBI) at the RBI headquarters in Mumbai. (REUTERS)

RBI looking at how NBFCs, HFCs set their lending rates

  • The central bank is not likely to enforce external benchmarks on NBFCs and HFCs
  • The matter came up at an internal RBI discussion on external benchmarks, which are binding on all banks beginning 1 October

Donald Trump has tightened the immigration rules in the US since he became US President in 2017. Photo: iStock
R.C. Bhargava, chairman, Maruti Suzuki India. (Bloomberg)
A coconut kalash with a base price of  ₹18,000 received bids of  ₹1 crore on Monday. (Photo: Pradeep Gaur/Mint)
A coconut kalash with a base price of 18,000 received bids of 1 crore on Monday. (Photo: Pradeep Gaur/Mint)

Going, going, gone: 2,700 mementos gifted to PM on the block

  • Among the 500 items on display, a photograph of PM Modi with his mother received a bid of 10 lakh
  • The central culture ministry on 14 September had launched the e-auction to sell 2,700 mementos received by the PM, the proceeds of which will go to the Namami Gange Mission

The new external benchmark-linked loan pricing was introduced after the RBI realized that transmission of policy rates to customers under the MCLR framework had not been satisfactory.
The new external benchmark-linked loan pricing was introduced after the RBI realized that transmission of policy rates to customers under the MCLR framework had not been satisfactory.

RBI may not allow lenders to offer teaser home loans

  • The discussion around teaser loans started after RBI directed banks to link their floating rate retail loans to an external benchmark earlier this month
  • The central bank has not been in favour of these products ever since SBI first introduced them in 2009-10

Sensex was down about 300 points (MINT_PRINT)
US Fed Chairman Jerome Powell saying the “moderate” policy moves should be sufficient to sustain the US expansion. Photo: Reuters
US Fed Chairman Jerome Powell saying the “moderate” policy moves should be sufficient to sustain the US expansion. Photo: Reuters

US Fed slashes rates but indicates no more cuts: What does it mean for India?

  • The US central bank lowered the target range for its key interest rates by 25 basis points to between 1.75% and 2%,
  • Since July, FIIs have sold Indian shares worth $2.82 billion, but have remained net buyers with $6.59 billion in the year so far.

Telecom operators are already reeling from a fierce price war triggered with the entry of Reliance Jio in September 2016 (Bloomberg file)
Telecom operators are already reeling from a fierce price war triggered with the entry of Reliance Jio in September 2016 (Bloomberg file)

Trai weighs deferring date for scrapping IUC

  • Interconnect usage cost is levied by networks handling incoming calls from rival networks
  • Scrapping IUC or reducing it would help operators with more outgoing traffic than incoming calls

The potential glitch has never been encountered during flight operations around the world (Photo: Bloomberg)
The potential glitch has never been encountered during flight operations around the world (Photo: Bloomberg)

For A320neo, your baggage is a huge challenge

  • French aerospace major Airbus SE has identified a problem with the centre of gravity envelope of A320neo planes
  • A DGCA official said it is a potential problem with the airframe, not an engine issue

The show at the D.Y. Patil Stadium in Mumbai marks the final stop on U2’s Joshua Tree tour after other Asian cities such as Seoul, Manila and Singapore (Photo: Helena Christensen)
The show at the D.Y. Patil Stadium in Mumbai marks the final stop on U2’s Joshua Tree tour after other Asian cities such as Seoul, Manila and Singapore (Photo: Helena Christensen)

Democracy, Gandhi on U2's mind ahead of India gig

  • The concert in Mumbai on 15 December marks the final stop on the Irish rock band’s Joshua Tree tour
  • Gandhi and his principles of non-violence are an important pillar of what our band stands for, says U2

McDonalds’s announced an out-of-court settlement with CPRL in May, agreeing to buy Bakshi from their JV. (Priyanka parashar/mint.)
McDonalds’s announced an out-of-court settlement with CPRL in May, agreeing to buy Bakshi from their JV. (Priyanka parashar/mint.)

NCLAT to review settlement between McDonald’s and Bakshi

  • NCLAT says the settlement reached was prima facie in violation of a Debt Recovery Tribunal order
  • Bakshi has been asked not to leave the country without NCLAT’s permission

When it comes to Amazon Prime Video, the global platform is working on doubling its original content offering for India this year. (Photo Imaging: Kishore Rawat)
When it comes to Amazon Prime Video, the global platform is working on doubling its original content offering for India this year. (Photo Imaging: Kishore Rawat)

Netflix, Amazon Prime, Hostar go over the top with budget, ideas and scale

  • Hotstar has set aside 120 crore to make special shows in seven different languages for the Indian market this year
  • Netflix plans to come out with four web series in 2019 and 15 original Indian feature films by 2020

So far, the stock touched a high of  ₹5.66 a share and gained as much as 16.46%, its biggest gain since 16 August (Reuters file)
A litre of petrol costs  ₹72.71 in Delhi,  ₹78.39 in Mumbai,  ₹75.19 in Bengaluru and  ₹75.76 in Chennai.
Finance minister Nirmala Sitharaman (Pradeep Gaur/Mint file)
The new fund managers will be the custodians of the EPFO corpus from October this year. (MINT_PRINT)
The new fund managers will be the custodians of the EPFO corpus from October this year. (MINT_PRINT)

EPF account: How to submit e-nomination at EPFO

  • Filing of online pension claims is also dependent on the availability of e-nomination by the PF account holder
  • You must activate your UAN and link it to Aadhaar before submitting e-nomination, according to EPFO rules

The government notified the Income Tax (8th Amendment) Rules, 2019, on Tuesday.  (Photo: Pradeep Gaur/Mint)
The government notified the Income Tax (8th Amendment) Rules, 2019, on Tuesday. (Photo: Pradeep Gaur/Mint)

Panel to hear taxpayer before invoking GAAR under new set of rules

  • New  rules mandate officials to refer a suspected case of tax avoidance to a panel of senior officials
  • The Income Tax (8th Amendment) Rules, 2019 specify how tax officials should refer a suspected case of tax avoidance to a panel of senior officials and what should be the role of the panel

Rapid Metro Rail Gurgaon Ltd (RMGL) has already expressed its inability to run Gurugram Rapid Metro any further.
FILE PHOTO: Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia.  (Photo: Reuters)
FILE PHOTO: Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia. (Photo: Reuters)

Opinion | The Aramco strike exposes our oil dependence again

India should be concerning itself with encouraging innovations in alternate fuels and promoting startups in the energy sector. For the sake of its future, India needs to rid itself of its addiction to oil

UFTA is protesting against the hefty penalties for road traffic violations under the recently amended Motor Vehicles Act. Photo: Biplov Bhuyan/HT
The government did not auction any spectrum in fiscals 2017-18 and 2018-19 (Reuters file)
A file photo of actor Akshay Kumar. (IANS)
Canada's Prime Minister Justin Trudeau campaigns for the upcoming election in Fredericton, New Brunswick. (Reuters)
Canada's Prime Minister Justin Trudeau campaigns for the upcoming election in Fredericton, New Brunswick. (Reuters)

Justin Trudeau says 'deeply sorry' for his brown face makeup photograph

  • The photo showed Justin Trudeau wearing a turban and robes along with his face, neck and hand darkened at a party in 2001
  • Trudeau, 47, who won the 2015 election, is facing a lot of pressure over a corruption scandal and other controversies

Rajnath Singh taking a sortie in Tejas fighter aircraft. (ANI)
Gold, silver prices:  On MCX, gold prices were at  ₹37,600 per 10 gram while silver at  ₹46,215 per kg (REUTERS)
Schools in several other districts of Maharashtra might be closed today due to the rainfall prediction. (Kalpak Pathak / Hindustan Times)
Schools in several other districts of Maharashtra might be closed today due to the rainfall prediction. (Kalpak Pathak / Hindustan Times)

Mumbai rains: Schools closed today amid IMD forecast of heavy rainfall

  • As a precautionary measure, a holiday has been declared for all schools and junior colleges in Mumbai
  • IMD said intermittent rain or showers are likely in Mumbai and suburbs today with possibility of extremely heavy rainfall at isolated places

The gang lured victims initially in Nepal by giving them false assurance of providing them good jobs in Canada.
The gang lured victims initially in Nepal by giving them false assurance of providing them good jobs in Canada.

Delhi lab printed fake visas, forged passports; 7 arrested

  • Delhi Police has recovered a numbers of forged passports from the lab
  • The gang usually targeted young job aspirants from Nepal who wanted to get jobs in foreign countries

US Fed points to 'weakened' business investment, exports (Photo: Reuters)
Latest FD rates offered by SBI, HDFC Bank, Axis Bank, PNB and Kotak Mahindra Bank.
The Council meeting on Friday comes amid a deepening economic slowdown which has hit revenue of both central and state governments (PTI file)
The Boheco team takes decisions based on majority votes.  (Photo: Aniruddha Chowdhury/Mint)
Sub-standard courses forced 110 engineering colleges to shut shop in 2017-19. (Photo: HT)
After the investment, the restaurant chain is valued at $120 million ( ₹860 crore), up 187% from the  ₹300 crore valuation it had garnered in a funding round last year.
After the investment, the restaurant chain is valued at $120 million ( 860 crore), up 187% from the 300 crore valuation it had garnered in a funding round last year.

Tiger Global leads funding in Wow! Momo Foods, valuing it at $120 million

  • This is global investor Tiger Global’s first investment in a quick-service restaurant brand in India
  • The company said it has been Ebitda positive since inception and growing at a compound annual growth rate of over 50% for the last three years

It is the third such extreme rainfall event this monsoon, after the deluge caused by heavy rains on 1 July (AP file)
It is the third such extreme rainfall event this monsoon, after the deluge caused by heavy rains on 1 July (AP file)

Mumbai gears up for another extreme rainfall event, IMD issues red warning

  • The IMD has predicted very heavy rainfall at isolated places in Maharashtra, especially over Vidarbha, ghat areas of Madhya Maharashtra and north Konkan, Goa, among others
  • A red warning has been issued for North Konkan and Madhya Maharashtra for Wednesday

US Federal Reserve chairman Jerome Powell. (Bloomberg)
US Federal Reserve chairman Jerome Powell. (Bloomberg)

Trump on Fed rate cut: ‘No guts, no sense, no vision’

  • On the quarter-percentage point interest rate cut, US President Donald Trump says Powell and the Federal Reserve fail again
  • Fed says Trump's trade war with China and a global economic showdown ran the risk of creating headwinds for US economic growth

The railways are planning to replace one of the power cars with LSLRD. (@EasternRailway)
The missile has a strike range of 70km. (PIB)
The new fund managers will be the custodians of the EPFO corpus from October this year.
The new fund managers will be the custodians of the EPFO corpus from October this year.

Govt proposes to corporatise EPFO, ESIC; appointment of CEOs for first time

  • Ministry of Labour & Employment has circulated a draft of the Code on Social Security, 2019 and sought stakeholder and public comments till 25 October
  • At present, EPFO and ESIC work more like autonomous bodies run by trustees and board

It does not matter how big or small the foreign entity’s holding in an Indian enterprise is (Photo: Alamy)
It does not matter how big or small the foreign entity’s holding in an Indian enterprise is (Photo: Alamy)

Opinion | Let’s not regulate the ease of doing business

An RBI rule that bars Indian companies from owning a stake in a foreign firm that has investments in India may seem a reasonable way to block dubious flows of money. It is not

Drone wreckage including one described as an Iranian Delta Wave UAV, foreground, from the attack on the Aramco’s oil refinery, on display during a news conference in Riyadh on Wednesday. (Bloomberg)
Drone wreckage including one described as an Iranian Delta Wave UAV, foreground, from the attack on the Aramco’s oil refinery, on display during a news conference in Riyadh on Wednesday. (Bloomberg)

Saudi Arabia says oil attacks ‘unquestionably sponsored by Iran’

  • Saudi says despite Iran’s effort to make it appear so, the attack did not originate from Yemen
  • Iran has denied responsibility

More than 100,000 subscribers withdraw or settle their accounts every month (Mint file)