Shares of CG Power is trading down 20% on both NSE and BSE on Wednesday.
The Kia Seltos. Source: Twitter/KiaMotorsIN
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Last year, in April, P. Chidambaram’s son and co-accused in the INX Media case Karti Chidambaram also spent 23 days in CBI and judicial custody. (ANI)
Last year, in April, P. Chidambaram’s son and co-accused in the INX Media case Karti Chidambaram also spent 23 days in CBI and judicial custody. (ANI)

P. Chidambaram to be produced before CBI special court today

  • The senior Congress leader was grilled all night at the CBI headquarters
  • Chidambaram will be produced later today before a CBI special court in New Delhi, where the probe agency is likely to push for his further custody for interrogation in the matter

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Severe disruption due to floods has made Q2FY20 even worse, point out Edelweiss analysts  (Reuters )
DLF has developed many housing and commercial projects across the country. (Mint)
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Union Home Secretary Rajiv Gauba at Parliament during the Budget session. Photo: ANI

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CBI officials arrest Congress leader P. Chidambaram from his Jor Bagh residence in New Delhi on Wednesday (Photo: PTI)
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Long Reads
The changing behaviour indicates that Indian consumers are now considering smartphones a necessary expense rather than a discretionary one (Photo: Bloomberg)
The changing behaviour indicates that Indian consumers are now considering smartphones a necessary expense rather than a discretionary one (Photo: Bloomberg)

Smartphones remain a must-buy even in overall slowdown season

  • Indian consumers are cutting back on spending during the slowdown, but are loath to skimp on smartphones
  • The smartphone market saw the highest-ever Q2 shipment of 36.9 mn units, registering a 9.9% yearly increase

Qantas still hasn’t decided on a Boeing or Airbus SE plane that can fly the route. Representative image/Reuters
R. Parthasarathy scaled the walls of Chidambaram’s home and emerged with the senior Congress leader, half an hour later, and drove him away to the agency’s headquarters.
R. Parthasarathy scaled the walls of Chidambaram’s home and emerged with the senior Congress leader, half an hour later, and drove him away to the agency’s headquarters.

Meet the investigating officer who scaled a wall to nab Chidambaram

  • Two Central Bureau of Investigation (CBI) teams jumped past the boundary wall and swiftly made their way inside
  • Leading the charge and scaling the wall deftly was R. Parthasarathy, the CBI’s investigating officer in the INX Media case

Sebi also tightened regulations for credit rating agencies (Photo: PTI)
Sebi also tightened regulations for credit rating agencies (Photo: PTI)

Sebi relaxes FPI rules, share buyback norms

  • New norms are outcome of the Sebi board meeting, which collapsed 57 circulars into a single one
  • Sebi has decided that FPIs may be re-categorized into two categories - Categories I and II - instead of the present requirement of three categories

'Esops worth $150 million were sold by Paytm’s employees to New York-based investors nearly three months ago, valuing the company at $15 billion,' says Vijay Shekhar Sharma, founder of Paytm (File photo: Bloomberg)
'Esops worth $150 million were sold by Paytm’s employees to New York-based investors nearly three months ago, valuing the company at $15 billion,' says Vijay Shekhar Sharma, founder of Paytm (File photo: Bloomberg)

Paytm says valuation rose 25% to $15 billion

  • There are about 14 million merchants using Paytm services and it plans to increase the base to 24 million by the end of this fiscal
  • Currently, Paytm sees 800-900 million transactions a month

The male-biased Indian sex ratio at birth is distinctly sharpened for the last child of the family.
The male-biased Indian sex ratio at birth is distinctly sharpened for the last child of the family.

Population curbs will hit sex ratio

Whether family planning is introduced through coercion or incentives, it leads to a worsening of the sex ratio in patriarchal societies, shows research

Shapoorji Pallonji and Co. saw downgrades by Care Ratings and ICRA twice in last 12 months
Shapoorji Pallonji and Co. saw downgrades by Care Ratings and ICRA twice in last 12 months

Billionaires are facing a corporate debt reckoning in India

  • Ratings of some companies in the conglomerates run by billionaires Piramal and Mistry have been cut
  • The weak performance of property businesses and an acute liquidity crunch were cited as key reasons for rating downgrades

Maruti Suzuki MD and CEO Kenichi Ayukawa (left) and the firm’s executive director, marketing and sales, Shashank Srivastava, during the launch of XL6 on Wednesday.
Maruti Suzuki MD and CEO Kenichi Ayukawa (left) and the firm’s executive director, marketing and sales, Shashank Srivastava, during the launch of XL6 on Wednesday.

Maruti sees new launches, govt steps putting sales back on track

  • Rollback of government plan to raise registration charges of new vehicles will boost sector, says automaker
  • XL6 will be offered with BS-VI compliant petrol engines in the price range of 9.79 lakh to 11.45 lakh

Congress President Sonia Gandhi and Rahul Gandhi. (ANI)
Senior Citizens get an additional 50 basis points over the rate of general customers.
Virat Kohli: 'I always feel it's better to get hit early on and know the feeling rather than always feeling you might get hit'
Virat Kohli: 'I always feel it's better to get hit early on and know the feeling rather than always feeling you might get hit'

Virat Kohli on bouncers: ‘It's better to get hit early on’

  • Kohli and the Indian team are currently touring the West Indies for a full series
  • The Indian caption also spoke of his admiration for the Caribbean legend

Photo: Sunil Ghosh/HT
File photo of Thushar Vellappally
The maximum limit for a transaction under this new facility on credit, debit cards is  ₹2,000
The RTGS system is primarily meant for high-value transactions.
Gold price today: On MCX, gold remained steady at around  ₹38,000 per 10 grams
It also dropped out of the running for Joint Enterprise Defense Infrastructure (JEDI), the cloud contract that Amazon and Microsoft are hoping to bag. (Reuters )
It also dropped out of the running for Joint Enterprise Defense Infrastructure (JEDI), the cloud contract that Amazon and Microsoft are hoping to bag. (Reuters )

Amazon, Microsoft may be putting world at risk of killer AI, says report

  • The use of AI to allow weapon systems to autonomously select and attack targets has sparked ethical debates in recent years
  • Using facial recognition technology, the drones could "wipe out one ethnic group or one gender

Imports of oil products rose by about 9% from a year earlier to 2.81 million tonnes. (Reuters)
Imports of oil products rose by about 9% from a year earlier to 2.81 million tonnes. (Reuters)

India's July petrol imports hit highest in eight years

  • Petrol imports rose to 230,000 tonnes in July, the highest since PPAC data going back to 2011
  • India's imports of crude oil have stalled in recent months, with both coal and liquefied natural gas (LNG) also soft

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eNPS website allows subscribers to make contribution online
The higher taxes have forced Parle to offer fewer biscuits in each pack. (Mint)
The higher taxes have forced Parle to offer fewer biscuits in each pack. (Mint)

Parle, India's biggest biscuit maker, may cut up to 10,000 jobs as slowdown

  • Parle, founded in 1929, employs about 100,000 people, including direct and contract workers
  • Mayank Shah, category head at Parle, Shah said demand for popular Parle biscuit brands such as Parle-G had been worsening since India rolled out GST in 2017

Masaba Gupta at the launch of her Nykaa beauty collaboration.
Masaba Gupta at the launch of her Nykaa beauty collaboration.

Opinion | Why top retailers are betting big on private labels

Affordability is a big trend now and consumers are open to trials where purchase size is smaller

Consumer durables and smartphone makers are also expected to splurge on promoting festive sales. Mint
Consumer durables and smartphone makers are also expected to splurge on promoting festive sales. Mint

This festive season, brands plan a 20,000-crore ad blitz

  • The festive season is expected to contribute more than 25% of overall advertising media spends in 2019
  • The spends include marketing and advertising promotions on festive offers and discounts across television, print, outdoor, radio, and digital media platforms

The allegations against Chidambaram can dent the political future of the Congress further (Photo: Pradeep Gaur/Mint)
The allegations against Chidambaram can dent the political future of the Congress further (Photo: Pradeep Gaur/Mint)

Focus is back on corruption charges during UPA regime

  • The allegations against Chidambaram can dent the political future of the Congress further
  • With elections to four states in less than six months, Congress may find it difficult to string together a defence on this issue

Amazon’s new campus is spread over 9.5 acres, and is its largest tech base outside the Seattle headquarters. (AFP)
Amazon’s new campus is spread over 9.5 acres, and is its largest tech base outside the Seattle headquarters. (AFP)

Amazon opens its largest campus in the world in Hyderabad

  • The new campus is the only one owned by Amazon outside the US and will house more than 15,000 employees
  • The move is part of Amazon’s expansion plans in India, where retail markets are still to a large extent driven by traditional neighbourhood stores

CBI officials arrest Congress leader P. Chidambaram from his Jor Bagh residence in New Delhi on 21 Aug 2019 (Photo: PTI)
CBI officials arrest Congress leader P. Chidambaram from his Jor Bagh residence in New Delhi on 21 Aug 2019 (Photo: PTI)

INX Media case: A bogey that has been haunting former FM Chidambaram

  • The CBI’s case is that the INX Media allegedly flouted the conditional FIPB approval, and brought in over 305 crore of FDI against the approved inflow
  • CBI alleges that INX Media engaged Karti Chidambaram, the promoter director of Chess Management, to resolve the issue

P. Chidambaram was arrested by the CBI in the INX Media scam (Photo: PTI)
 (Photo: Mint)
The rate cut earlier this month was the fourth in succession adding up to a total of 110 bps (Reuters )
 (Photo: Bloomberg)
(Photo: Bloomberg)

Opinion | Did business leaders misjudge the current slowdown?

After years of insisting that they are okay, they have set upon the alarm bells with ferocity

Prime Minister Narendra Modi(Photo: PTI)
Prime Minister Narendra Modi(Photo: PTI)

'Howdy, Modi' event in Houston sold out, over 50,000 people register

  • The live audience will be the largest ever for an Indian Prime Minister in North America and also the largest for a foreign leader in the US other than Pope Francis
  • "Howdy", short for 'How do you do?', is a friendly greeting commonly used in southwestern United States

A file photo of Zomato CEO Deepinder Goyal
Congress MP Karti Chidambaram (Photo: PTI)
Hyderabad Public School (File photo Wikipedia)
(Photo: AP)
 (Photo: iStock)
A file photo of Anil Kumble. (Photo: Hindustan Times)
Beautiful landscaping has been done along the Blue Line-Aqua Line Metro walkway to provide aesthetic appeal. (@OfficialDMRC)