Sebi board amends rules for investment advisers, fees to be capped

• Advisory and distribution activities to be segregated; Sebi moves to prevent misselling by increasing onus on advisers
• Sebi board clears regulatory sandbox to allow registered entities to test new products, services in a live environment on select customers

Reliance Industries to reduce holding in Network18 from 75% to 64%

• The broadcasting business will be housed in Network18 and the cable and ISP businesses in two separate wholly owned subsidiaries of Network18
• RIL had in November 2014 taken over Network 18 Media and Investments Ltd through its Independent Media Trust

Despite mounting losses, OYO will continue its overseas expansion

• The hospitality firm reported widening of its consolidated net loss to $335 mn for the financial year ended March 2019, mainly on account of international expansion
• OYO board member Aditya Ghosh said the firm will focus on a path to profitability in India as margins improved in FY19

Vodafone Idea pays ₹2,500 crore as AGR dues to DoT

• Bharti Airtel on Monday paid ₹10,000 crore to DoT as part payment of its AGR dues
• The original deadline to pay dues was 23 January

Mistry moves fresh petition at SC seeking directorship at Tata Sons

• In the petition filed on 13 February the Mistry firms said that NCLAT did not grant them reliefs that were sought
• The firms are also seeking that the controversial article 75 present in articles of association of Tata Sons to be struck down

Coronavirus live update: US evacuates its infected citizens

• China has total now 70,548 confirmed cases, and 1,775 deaths, according to its National Health Commission
• China’s Hubei reported 1,933 additional confirmed cases for and more than 100 deaths on February 16

Karvy in talks to sell stake in a company to honour client payouts

• Karvy has told NSE it will pay fund shortfall of ₹678 crore by March, said Sebi chairman Ajay Tyagi
• On 22 Nov, Sebi barred Karvy from acquiring new clients and using power of attorney, thereby preventing the company from trading on behalf of clients

Came to know of P-8I's surveillance power during Doklam episode: CDS Rawat

The P-8I aircraft is a variant of the P-8A Poseidon aircraft that Boeing developed as a replacement for the US Navy's ageing P-3 fleet

Air travel volume shows muted growth in January

• Domestic airlines carried 12.78 million passengers in January 2020 against 12.5 million in the same month a year ago
• The DGCA report said that barring Vistara, all domestic airlines reported a decline in capacity utilization in January compared to December

Govt must continue reforms; green shoots of recovery need to sustain: RBI Guv

• The RBI saw an imminent slowdown in growth early in 2019 and used the space that was opened up by the moderation in inflation to cut interest rates
• Green shoots are now visible and need to be sustained to pull India out of its current slowdown

FM says telecom dept engaging with telcos after court orders on AGR dues

• 'In the light of court’s orders the department is actively engaging with the telecom companies,' Sitharaman said in Bengaluru
• FM said that the department had been in touch with telcos immediately after the orders and also after the review

RFL case: Ex-Fortis Healthcare promoter Malvinder Singh bail plea dismissed

• Chief Metropolitan Magistrate Gurmohina Kaur rejected the bail application, saying Malvinder was required to be kept in judicial custody for a proper investigation
• RFL is a group firm of REL - Religare Enterprises Ltd, which was earlier promoted by Malvinder and his brother Shivinder

LIC, IDBI Bank deny reports of merger between LIC Housing Finance and the bank

• Shares of IDBI Bank on BSE closed at ₹34.5, down 2.54% from its previous close
• Shares of LIC Housing Finance on the BSE tanked and closed at ₹379.85 on Monday, down 7.81% from its previous close

Tata Teleservices pays ₹2,197 crore worth of license fees

• TTSL and TTML have also submitted to DoT the details of calculations in support of the payment
• Last week, the Supreme Court came down heavily on the Telecom Department for not taking steps to recover statutory dues

Supreme Court's AGR blow makes Bharti Airtel most sought after stock

• Airtel offers to investors prospects of strong growth at a time when the economy is in a slowdown
• Airtel’s fundraising in the past year shows it is well-placed to face the onslaught

Sebi board clears regulatory sandbox for registered entities

• Sebi allows registered entities to test new products, services in a live environment on select customers
• The proposed 'regulatory sandbox' is intended to serve as a testing ground for new business models and technologies that benefit investors, Indian markets and the economy at large

Free wifi project to continue after winding down of Google 'Station': RailTel

• RailTel started providing free WiFi at railway stations and Google was its technology partner for 415 stations of A1, A and C category only
• RailTel will continue to provide free WiFi at over 5,600 railway stations across the country

SBI Cards gets Sebi's go ahead to float IPO

• SBI holds 76% in SBI Cards and rest of the stake is held by Carlyle Group
• Sebi's observations are necessary for any company to launch public issues including initial public offer, follow-on public offer and rights issue

Rajiv Bansal takes charge as Air India CMD

• Rajiv Bansal is a 1988-batch Indian Administrative Service (IAS) officer of Nagaland cadre
• The challenge before the CMD is bigger as the government has already set the ball rolling for Air India's divestment.

Over 3,000 trains cancelled in 2019 due to maintenance work on railway network

• The RTI was filed by Madhya Pradesh-based Chandra Shekhar Gaur
• The officials said the railways has planned to complete electrification of its network by December 2023

Staying on MCLR may be cheaper, but only for now

• Even if MCLR makes sense now, repo-linked rate should be your long-term choice
• Long-term repo operations launched by RBI may lower MCLR and that could benefit existing borrowers

Pakistan to consider importing insecticides from India to fight locusts

• China, currently battling the coronavirus outbreak, is the other place from where Pakistan can import the insecticides
• Pakistan declared a national emergency over locust swarms early this month after the food ministry gave a briefing to parliament

Delhi gangrape case: Court orders execution of 4 convicts on 3 March

• The additional sessions judge pronounced the order after a detailed hearing
• Victim’s parents and Delhi government had filed the plea on 11 February

Coronavirus outbreak impacts OYO’s China business

• SoftBank-backed OYO, had said last May that China had become the second largest hotel group in the country
• A large part of OYO’s $10 billion valuation has to do with its international expansion, especially in the China market

Great Wall Motor to acquire General Motors’ Thailand plant

• GWM announced acquisition of GM's manufacturing facility in Talegaon in January
• GWM's strategy to grow globally has started to take shape after 10 years of development

Beware! This malware sends fake SMS links of your banking app to steal details

• These messages appear under the guise of reputable vendors informing users about an undesired event like blocked account access
• To prevent this, the user is requested to open the application

Spicejet inducts 2 Airbus A320 aircraft amid uncertainty over Boeing 737 MAX

• Regulators worldwide have grounded Boeing 737 MAX aircraft following two fatal crashes
• SpiceJet's induction Airbus A320 to its fleet could increase airline's costs in the short term

We are examining NSE's IPO request: Sebi chairman

The entire IPO would be an Offer for Sale, wherein existing shareholders would sell the bourse's shares

Tech launches go virtual after coronavirus derails MWC 2020

• The cancellation of MWC 2020 came at a huge financial cost
• Huawei's sub brand HONOR said it will announce its products through a livestream

You can complain about unregulated deposit schemes, but no authority to go to

• A competent authority to hear depositor complaints is yet to be created
• A competent authority can provisionally attach property of unregulated deposit takers based on complaints

Indian Embassy urges citizens who wish to return to India contact it before 7pm

Indian Embassy urged all Indian nationals from Wuhan/Hubei who intend to avail this flight and have not yet contacted, to urgently call at hotlines 8618610952903 and 8618612083629 or send email to helpdesk.beijing@mea.gov.in before 1900 hours today (17 February 2020)

Will first-time equity investors buy ELSS without tax benefit?

• Equity-linked savings scheme are multi-cap funds with an objective to create wealth for long-term goals
• Starting a SIP is one of the simplest and most effective ways of investing

'Air India buyer must retain employees for a lock-in period'

• Minister Hardeep Puri said Air India's viability and success depends on its highly valuable workforce
• The new buyer will have to follow a lock-in period before any voluntary retirement scheme is considered

Payment of AGR dues to bring down fiscal deficit to 3.5% in FY20: SBI

• After facing the Supreme Court's ire over non-compliance with its AGR order, the telecom department is pressing for the payment of dues by the telcos
• According to the revised budget estimates, the government expects a fiscal deficit of 3.8% in 2019-20

Uber, Delhi Police integrate apps for live tracking of passenger ride

• Uber and Delhi Police distributed over 1,000 Himmat QR Verification Cards to driver partners
• Once a rider scans the QR Card, they can access driver partners’ details and vehicle information on the Himmat app

'Practicalities' led to extending deadline for cos to split chairman, MD posts

• In January, Sebi deferred the requirement for splitting Chairman and Managing Director at the companies by two years to April 2022
• The requirements would have meant difficulty for top firms, including Reliance Industries, Wipro and a slew of state-run enterprises like ONGC and BPCL

SBI loan guarantee isn’t the best option

• In case of a project delay, the guarantee will free the borrower of the bank liability, but he will lose the down payment and the interest paid until then
• If the buyer exercises the guarantee option in case of a delay, he would need to relinquish the right to the house