For a greater transparency, an agreement would have to be signed between an adviser and the client incorporating all terms and conditions (Photo: Aniruddha Chowdhury/Mint)
For a greater transparency, an agreement would have to be signed between an adviser and the client incorporating all terms and conditions (Photo: Aniruddha Chowdhury/Mint)

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

RIL board had approved funding of  ₹4,000 crore for taking over Network18. (REUTERS)
OYO’s consolidated revenue stood at $951 million in FY19 compared with $211 million in the previous year (Photo: Bloomberg)
OYO’s consolidated revenue stood at $951 million in FY19 compared with $211 million in the previous year (Photo: Bloomberg)

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

As per DoT calculations, Bharti Airtel has to pay  ₹35,586 crore to the government and Vodafone Idea  ₹50,000 crore. (Photo: Reuters)

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China’s three largest airlines reported declines in January passenger traffic because of the coronavirus outbreak
NSE is awaiting a forensic audit on Karvy and is yet to label Karvy as defaulter
Chief of Defence Staff General Bipin Rawat (Photo: PTI)
The country’s largest airline IndiGo reported a decline in capacity utilization from 90.1% in December to 87.8% in January
The country’s largest airline IndiGo reported a decline in capacity utilization from 90.1% in December to 87.8% in January

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

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Reserve Bank of India (RBI) Governor Shaktikanta Das. (PTI)
Reserve Bank of India (RBI) Governor Shaktikanta Das. (PTI)

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

Union Finance Minister Nirmala Sitharaman (Photo: PTI)
Malvinder Singh, former chairman of Fortis Healthcare Ltd. (Bloomberg)
Malvinder Singh, former chairman of Fortis Healthcare Ltd. (Bloomberg)

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

Photo: Mint
Photo: Bloomberg
In the past one year, Airtel shares have doubled, making it the biggest gainer among Nifty stocks. (Photo: Pradeep Gaur/Mint)
(Photo: Mint)
(Photo: Mint)

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

 The logo of Google. (REUTERS)
Photo: Aniruddha Chowdhury/Mint
Photo: Aniruddha Chowdhury/Mint

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

Bansal is a 1988-batch Indian Administrative Service (IAS) officer of Nagaland cadre.
Bansal is a 1988-batch Indian Administrative Service (IAS) officer of Nagaland cadre.

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.

In 2019, the railways completed seven of the 58 super-critical projects underway on congested routes.
If you are moving from MCLR to the benchmark-linked rate within the same bank, the lender may not re-evaluate you.  (Photo: iStock)
If you are moving from MCLR to the benchmark-linked rate within the same bank, the lender may not re-evaluate you. (Photo: iStock)

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

Desert locusts are seen in a grazing land. (REUTERS)
Desert locusts are seen in a grazing land. (REUTERS)

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

Patiala House Court.. (Photo: PTI) (PTI )
China is a critical market for OYO, where it has made significant investments in the past two years
China is a critical market for OYO, where it has made significant investments in the past two years

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 Motors is also China's largest pickup manufacturer and it owns four brands which include Haval, Wey, Ora and Great Wall Pickup
Great Wall Motors is also China's largest pickup manufacturer and it owns four brands which include Haval, Wey, Ora and Great Wall Pickup

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

The malware urges victims to open their banking apps with SMS and push notifications
SpiceJet mostly operates Boeing and Bombardier planes. (Reuters )
Sebi, in April 2019, had barred NSE from accessing the capital markets for a period of six months
(File photo) An employee walks past a banner with information of MWC20 (Mobile World Congress) in Barcelona, Spain (Reuters)
(File photo) An employee walks past a banner with information of MWC20 (Mobile World Congress) in Barcelona, Spain (Reuters)

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

No authority yet to listen to depositors' complaints
Indian nationals who were airlifted from coronavirus-hit Hubei province of China's Wuhan, at the ITBP's quarantine facility at Chhawla in New Delhi. (Photo: PTI)
Indian nationals who were airlifted from coronavirus-hit Hubei province of China's Wuhan, at the ITBP's quarantine facility at Chhawla in New Delhi. (Photo: PTI)

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)

Budget 2020 has lowered tax rates but restricts taxpayers from claiming tax deductions under Section 80C
Photo: Reuters
Photo: Mint
Delhi Police Commissioner Amulya Patnaik during the launch of the 'Himmat Plus/QR Code scheme for Uber Taxis & Integration of Uber Emergency SOS feature with Himmat Plus', in New Delhi. (ANI)
Delhi Police Commissioner Amulya Patnaik during the launch of the 'Himmat Plus/QR Code scheme for Uber Taxis & Integration of Uber Emergency SOS feature with Himmat Plus', in New Delhi. (ANI)

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

SEBI chief Ajay Tyagi. (ANI)
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Photo: iStock
Photo: iStock

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

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