RBI gives final nod to Kotak's plan for diluting promoter shareholding

• RBI had agreed to Kotak Mahindra Bank reducing promoter stake over next six months to 26% from 29.96%
• Uday Kotak will sell 4% of his stake worth ₹12,500 crore over next six months

Trump dashes hope, says not to sign trade deal with India during this visit

• India, US had failed to conclude the deal in September
• Limited trade deal expected to cover tariff-related concessions for US farm products, especially dairy items

Market LIVE: Sensex up 250 points, Nifty tops 12,000 mark; NTPC, SBI lead gains

• BSE MidCap up 115 points
• 28 of 30 Sensex shares in green

Jet Airways: CoC decides to extend deadline for bids to 10 March

• The deadline for submitting the bids for Jet Airways, which is undergoing insolvency process, ended on Monday
• The cash-strapped airline, which was grounded in April 2019, owes more than ₹8,000 crore to banks, with those from the public sector having significant exposure

Stocks to Watch: Infosys, Vodafone, Jet Airways, Shree Cement, IDFC First Bank

• Shree cement will replace private lender Yes Bank Ltd on the Nifty 50 index with effect from 27 March
• HCL Technologies announced that it will open a Global Delivery Center (GDC) in Hartford, Connecticut

Sitharaman assesses India impact as coronavirus takes a bite of Apple

• Businesses across the globe have been hit as China factories feel the coronavirus heat
• Apple said it won’t meet its revenue target for this quarter due to the impact of the coronavirus epidemic

Gold prices fall today after big surge, silver rates move up

• Investment demand for gold has seen a big jump amid the coronavirus scare
• Silver prices have jumped sharply in recent days

UK gets ready for new points-based visa system; India may benefit

• The new system will come into force from 1 January 2021
• The new points-based system will also expand the skills threshold for skilled workers

Kotak Mahindra Bank gets RBI nod on promoters' stake dilution plan

• RBI granted its final approval regarding the dilution of promoters' shareholding in the Kotak Mahindra Bank, said the bank
• On January 30, Kotak Mahindra Bank said that the bank decided to cap the promoters' voting rights to 15% from April 1 onwards

Meet Donald Trump's superfan who fasts for his long life

• Bussa Krishna, however, is not just any fan but considers himself to be a devotee of the POTUS
• He has even installed a 6-feet statue of the US President near his house and offers prayers daily

Nuclear ties in focus ahead of Trump visit

• The US delegation held talks for collaborating in R&D, advanced nuclear tech and offered nuclear power plants
• The US team was the largest to visit India since the two nations eased differences over civil nuclear liability in 2015

Top Malaysian officials saw MH370 as murder-suicide, claims ex-Australia PM

• The disappearance of the plane has long been the subject of a host of theories
• Former Australian PM Tony Abbott claims he was told within a week of it vanishing that Malaysia believed the captain had intentionally downed the jet

Boeing finds debris in fuel tanks of undelivered 737 Max jets, orders inspection

• The checks aren’t likely to delay Boeing’s earlier estimate that the Max will be cleared to fly by midyear, said the person
• An inspection of each stored plane takes about three days to be completed, according to report

Coronavirus: Hong Kong is latest casualty as it heads for recession

• Economists’ forecasts since the start of February point to a contraction of more than 1% this year, following a 1.2% decline in 2019
• Hong Kong is facing 'tsunami-like' shocks and spending pressure from repeated stimulus measures

Kumar Mangalam Birla meets telecom secretary amid Voda Idea troubles

• Bank guarantees discussed in the meeting as telco struggles for survival
• A bankruptcy will impact Vodafone Idea’s subscribers and staff, and add to stressed assets on the books of lenders

Twitter buys Stories template maker Chroma Labs, founded by Facebook veterans

• Chroma Stories app lets users fill in stylish layout templates and frames for posting collages and more to Instagram Stories, Snapchat and more
• According to a report, nearly 615,000 people have installed Chroma Stories app

Sensex rebounds 400 points after four days of losses; banks, metals lead gains

• Heavyweights RIL, HDFC led the gains
• Most Asian markets were higher today

Remove Zuckerberg and Sandberg from Facebook, says George Soros

• Facebook last month refuted allegations by Soros that there is a special relationship between the social networking giant and Trump
• Soros had slammed Facebook at Davos, accusing the social networking giant of helping to re-elect Trump in the 2020 US elections

FATF sub-group recommends retaining Pakistan in ‘grey list’

• New Delhi said it will continue to keep up the pressure on Islamabad to cut finances to terrorist groups
• Pakistan is expected to show compliance on 16 of 27 parameters at the ongoing FATF meet

11 Indian universities in top 100 for emerging economies

• The Indian Institute of Science (IISc), ranked 16th, is India’s top-ranked institution followed by the Indian Institute of Technologies (IITs)
• A total of 56 Indian universities appear in the full ranking of a total of 533 universities across emerging economies of the world

Narayana Murthy's son-in-law all set to present his first UK Budget next month

• Rishi Sunak will present his first UK Budget March 11
• Prime Minister Johnson and Chancellor Sunak will meet for detailed budget talks for the first time today

Trump 'really likes PM Modi' but 'saving a big trade deal with India for later'

• Trump told reporters that he still wanted to do 'a very big trade deal with India,' but 'I don’t know if it will be done before the election'
• A small US-India deal may still come together in the coming days

It’s no mystery: Detective work is luring millennials away from corporate jobs

• A number of millennials are chucking their boring 9-5 jobs for a shot at a career in private investigation
• Money, promise of excitement and the idea of justice are drawing youngsters into the world of detective work

Michael Bloomberg to sell his company if elected US president

• Michael Bloomberg said before he would likely sell Bloomberg LP if elected, which his campaign affirmed on Tuesday
• Bloomberg campaign said the process of selling the company would begin with putting it in a blind trust and then selling it

'Ridiculous':Trump goes against advisers, opposes proposed ban on US-China trade

• Trump said in a tweet: 'We don’t want to make it impossible to do business with us'
• US officials were expected to decide by the end of this month whether to block exports to China of jet engines made by a General Electric Co.

After Andhra shock, govt plans tribunal to enforce power pacts

• To enforce PPAs, the tribunal will have a legal framework to recover money owed, even by attaching assets
• The Centre has repeatedly cautioned the AP government against scrapping the power purchase pacts

India still desperately seeking green shoots

• High-frequency indicators show a small festive season consumption bump in late-2019. But is it a mirage?
• In this scenario, govt spending will continue to be important. But the economy is not generating enough taxes for the govt to spend. The tax kitty was down 10.6% in Q3.

Namaste Trump: India to gift Mahatma Gandhi's autobiography, charkha to US prez

• Donald Trump will be the first US president to visit the Sabarmati ashram
• Ashram trustees Kartikeya Sarabhai and Amrut Modi said the American president, US First Lady Melania Trump and Prime Minister Modi would spend around 30 minutes at the ashram

US sanctions Rosneft unit for maintaining ties to Venezuelan oil trade

• The move represents the latest escalation in the Trump administration’s campaign to oust Maduro
• Russian government said the sanctions won't affect its international relations with Venezuela or any other country

$2 million: Ford’s newly appointed COO Jim Farley gets a raise

• Farley will receive as much as $1.98 million in extra salary, bonus and stock in his new role
• Ford has been on a losing streak, following the botched launch of the Explorer sport utility vehicle

Jio, Airtel brace for the worst, plan upgrades in case Voda Idea fails

• Vodafone Idea has 304 million subscribers out of which 104 million are 4G users
• Analysts said that Bharti Airtel will be the biggest beneficiary if Vodafone Idea fails

Bezos adds heft to climate fight with $10 bn fund

• Bezos said he wanted to work alongside others, both to amplify known ways and explore new ones of fighting the devastating impact of climate change
• This is not the first time Jeff Bezos has taken up the fight against climate change

Karnataka BJP denies revolt brewing as mystery letter criticising BSY surfaces

• 'The talk of about 20 loyal MLAs ganging up against Yediyurappa is a speculation as rumour mills are working overtime,' said party spokesman G. Madhusudhana
• The unsigned letter, in Kannada, circulating in the social media has been termed as 'bogus'

Sun Pharma, others on regulator’s radar as drugs flunk quality tests

• Regulator CDSCO flags 34 samples, including those of Zydus Cadila’s pain relief drug, as substandard
• Sun Pharmaceutical says it will share its internal test report of the retain samples of the valaciclovir hydrochloride batches with CDSCO to resolve all issues

Yes Bank to be dropped from Nifty 50 from 27 March; Shree Cement to move in

• Adani Transmission, IDBI Bank, Info Edge (India) Ltd, Larsen & Toubro Infotech and Torrent Pharmaceuticals would be added in Nifty Next 50 index
• NSE Indices' Index Maintenance Sub-Committee has decided to make the replacement of stocks in various indices as part of its periodic review

Far East Development Fund seeks to board Jet Airways

• Russian govt fund’s interest comes on day airline’s lenders extend deadline for bids
• CoC extends date for submission of bids to 9 March after two potential suiters failed to meet the deadline

Coronavirus live update: Russia bans Chinese citizens over virus concerns

• The death toll from China's coronavirus outbreak climbed to 1,886 on Tuesday as 98 more people died while the total number of confirmed cases jumped to 72,436
• WHO warned against 'blanket measures' over the novel coronavirus outbreak, pointing out the epidemic outside of China was only affecting a 'tiny' proportion

India to send its largest military aircraft to evacuate more Indians from Wuhan

• India's national carrier Air India has already evacuated around 640 Indians from Wuhan in two separate flights
• The C-17 Globemaster is the largest military aircraft in the Indian Air Force's inventory

No reason to doubt that 3.5% fiscal deficit target will be met: RBI's Das

• Das said the government has remained within the limits set by the FRBM Committee for the budget deficit
• The fiscal deficit is the shortfall in a government's income compared with its spending

Why ONGC stock has fallen below ₹100 for the first time in 15 years

• In past two years, the government’s shareholding in ONGC has fallen to 62.78% in Q3 FY20 from 67.72% in Q3 FY18
• Analysts have cut their earnings estimates after the December quarter results

HSBC rakes in $1 billion pre-tax profit from India operations in 2019

• HSBC's overall tax payments in India increased to $398 million from the $384 million in the year-ago period
• The number of customer accounts in India grew to 14,935 at the end of 2019 as against 14,210 in the year-ago period

Soon, less paperwork for donors to get tax benefit

• You will find donation details pre-filled at the time of filing your income tax return
• If you opt for the new tax regime proposed by the government, you won’t be able to avail of tax break under 80G

Irdai plugs gaps to reduce claim disputes on pre-existing illness

• Irdai has changed the definition of pre-existing diseases which may work in favour of the policyholders
• In 2019, Irdai defined pre-existing diseases through two clauses. It has removed the second one now

What can India expect from Satya Nadella's visit as Donald Trump arrives

• The company is organising 'Future Decoded Summits' in Mumbai and Bengaluru, respectively
• Prime Minister Narendra Modi has on several occasions stressed on the importance of leveraging emerging technologies like AI and ML to solve India's critical problems

Coronavirus fatal for elderly, patients with existing conditions, says study

• The study noted that people with ages 80 and above had the highest case fatality rate of all age groups at about 15%
• It said the death rate from the disease for males was 2.8% and that for females was about 1.7%

US stocks fall as Apple's surprise sales warning raises China virus concerns

• The maker of iPhones said it will fall short of its revenue forecasts in the fiscal second quarter because of production problems in China
• Walmart forecasts downbeat online sales growth; Kroger jumps as Berkshire Hathaway reveals $549 mn stake

India falls in EM league tables

Among ten key emerging markets, India slipped to the sixth position in January, Mint’s Emerging Markets Tracker shows

Patanjali to expand its store network at India's key airports

• The new stores will stock Patanjali’s range of packaged oils, personal care products, packaged foods, home cleaning products among others
• A new store is set to open at New Delhi's IGI Airport T-3 on Wednesday

Vande Bharat Express completes 1 year, earns ₹92 crore for railways

• The coaches also have a GPS-based audio-visual passenger information system, on-board hotspot Wi-Fi and comfortable seating arrangements
• Vande Bharat covers the distance between New Delhi and Varanasi in eight hours and runs on all days of the week, except Monday and Thursday

Aadhaar: UIDAI issues notices to 127 people in Hyderabad

• The notices were issued after reports from the police, the Unique Identification Authority of India (UIDAI) said
• The 127 people have been asked to appear before the UIDAI deputy director in Hyderabad for a personal hearing on 20 February