Small is beautiful in the new wave of structural change that is sweeping through India’s growing food and grocery retail market, estimated to be worth $500 billion (Photo: Raj Sam/Mint)
Small is beautiful in the new wave of structural change that is sweeping through India’s growing food and grocery retail market, estimated to be worth $500 billion (Photo: Raj Sam/Mint)

The great Indian grocery gig in the sky

As startups and global giants gear up to change how Indians buy grocery, the kirana store is finally in the picture

CM Arvind Kejriwal and Deputy CM Manish Sisodia interact with the local residents in the sensitive areas in northeast Delhi (Photo: ANI)
CM Arvind Kejriwal and Deputy CM Manish Sisodia interact with the local residents in the sensitive areas in northeast Delhi (Photo: ANI)

Delhi violence LIVE: Kejriwal visits riot-hit areas; death toll rises to 24

  • AAP govt will give 1 cr compensation to Head Constable Ratan Lal who was killed in northeast Delhi violence: Kejriwal
  • The situation in the violence-hit northeast Delhi was under control and the police was doing their job, said NSA

From The Wall Street Journal
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GE shed about 78,000 workers in 2019

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Carlos Ghosn’s new life in exile

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The invisible king of Broadway

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Telcos body seeking financial relief from the govt wants DoT to hire an independent evaluator to audit them. Photo: Mint

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In a rare sharp attack on the BJP-led Centre, Rajinikanth also asked those in power to 'resign and go' if the violence could not be crushed with an iron fist. (PTI)
In a rare sharp attack on the BJP-led Centre, Rajinikanth also asked those in power to 'resign and go' if the violence could not be crushed with an iron fist. (PTI)

Rajinikanth condemns Centre over Delhi violence

  • Kamal Haasan in a tweet in Tamil, said the path chosen by Rajinikanth is the right one and welcomed him
  • His contemporary and Makkal Needhi Maiam chief Kamal Haasan hailed Rajinikanth's remarks, saying this was the 'right path'

According to the RBI's RTI reply, 3,542.991 million notes of  ₹2,000 denomination were printed during 2016-17. (Hemant Mishra/Mint)
According to the RBI's RTI reply, 3,542.991 million notes of 2,000 denomination were printed during 2016-17. (Hemant Mishra/Mint)

Bank ATMs starts dispensing more of 500 instead of 2,000

  • Some banks have already started recaliberation of their ATMs and other banks will also follow the suit
  • The RBI in an RTI response last year had said that the central bank had stopped printing 2,000 denomination currency notes

Samsung features at third rank in the consumer electronics category (Reuters)
Samsung features at third rank in the consumer electronics category (Reuters)

Sansung Mobile crowned as India's most desired brand: TRA

  • This is the fourth time Samsung Mobile has been crowned the most desired brand
  • Automobile major Maruti Suzuki took the fifth spot followed by technology major Dell in the sixth rank

(Photo: Reuters)

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Death toll in Italy had crossed 19 and new cases in South Korea rose above 1,260 (AP )
Death toll in Italy had crossed 19 and new cases in South Korea rose above 1,260 (AP )

US Stocks: Wall Street gains ground after virus-driven selloff

  • The Dow has lost more than 1,900 points in the past two days alone
  • Investors were cautious as the U.S. Centers for Disease Control and Prevention urged Americans to be prepared

Reliance Industries chairman Mukesh Ambani (Photo: ANI)
An IndiGo Airlines Airbus A320 aircraft.  (REUTERS)
GLC Coupe. (Photo: Mercedes Benz)
A couple wearing protective face masks kiss at a subway station in Hong Kong on Valentine’s Day
File photo of Bob Chapek (Photo: AP)
The minister also said that the process of merger of public sector banks was underway as per the schedule. (ANI )
The minister also said that the process of merger of public sector banks was underway as per the schedule. (ANI )

Govt closely monitoring coronavirus impact on economy: FM Nirmala Sitharman

  • On bank mergers, Sitharaman said there is 'no uncertainty about bank merger' and the process is on as per the schedule
  • The minister also said that the process of merger of public sector banks was underway as per the schedule

A woman walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange (Photo: AP)
A woman walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange (Photo: AP)

Ten reasons why coronavirus is setting off some recession alarm bells

  • As cases spread, only some of the indicators investors use to monitor recession signals are flashing red
  • The coronavirus has sent three-month borrowing costs above 10-year rates while the two-year/10-year curve is less than 20 basis points from inversion

The Land Rover Defender in its habitat
The growth of online private labels will help online retailers attract repeat shoppers, improve margins, and valuations (Photo: iStock)
A passenger wearing a mask walks outside the Shanghai railway station in Shanghai (Reuters)
Minister Satish Mahana made this clear in a reply to another BJP member in the state assembly (Abhijit Bhatlekar/Mint)
Minister Satish Mahana made this clear in a reply to another BJP member in the state assembly (Abhijit Bhatlekar/Mint)

Uttar Pradesh govt against gambling, no licences for Goa-like casinos

  • Bajpai sought to know if, like in Goa, the state government will consider giving licences to casinos
  • The MLA, however, argued that gambling is known to take place in the state during the IPL cricket season

Panagariya noted that since about 2003, India has been growing at an average rate of about 7% and the first five years of the Modi government was characterised by 7.5% growth on an average. (Pradeep Gaur/Mint)
Panagariya noted that since about 2003, India has been growing at an average rate of about 7% and the first five years of the Modi government was characterised by 7.5% growth on an average. (Pradeep Gaur/Mint)

'India's slowdown bottomed out; economy needs to be opened up for 10% growth'

  • Arvind Panagariya noted that since about 2003, India has been growing at an average rate of about 7% and the first five years of the Modi govt was characterised by 7.5% growth on an average
  • Panagariya welcomed positive steps taken by the govt including on fiscal consolidation, fiscal deficit

Air Force Chief RKS Bhadauria (PTI)
Moody's also predicted auto sales decline in China. (AP)
Chief of the Air Staff, Air Chief Marshal RKS Bhadauria lands after flying MiG-21 of 51 Squadron Commanding Officer Group Captain Nazeer with two each Mirage-2000 & Sukhoi-30MKI at Srinagar airbase on the occasion of one year anniversary of the Balakot airstrikes.  (ANI )
Chief of the Air Staff, Air Chief Marshal RKS Bhadauria lands after flying MiG-21 of 51 Squadron Commanding Officer Group Captain Nazeer with two each Mirage-2000 & Sukhoi-30MKI at Srinagar airbase on the occasion of one year anniversary of the Balakot airstrikes. (ANI )

One year after Balakot strike: When 'Bandar' was code for success

  • Five Spice 2000 bombs hit the targets while one was not successful
  • A fleet of 16 aircraft of the IAF had crossed over to the Pakistani side and attacked a Jaish-e-Mohammad terrorist training camp in Balakot

The budget on 1 Feb also failed to impress stock market traders and investors, leading the index to a daily decline of more than 2%
The budget on 1 Feb also failed to impress stock market traders and investors, leading the index to a daily decline of more than 2%

If economic recovery happens, BSE Sensex may reach 43,560 by end of 2020: Poll

  • The benchmark, which rallied over 14% in 2019, has plunged this week, echoing a global sell-off caused by the spread of coronavirus
  • The latest Reuters survey forecast the index would gain over 4% to 42,000 by mid-2020 from Tuesday's close of 40,281.20, down from the 42,696 predicted three months ago

Videos
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National Security Advisor (NSA) Ajit Doval interacts with the local residents of Maujpur, in New Delhi on Wednesday. (ANI )
National Security Advisor (NSA) Ajit Doval interacts with the local residents of Maujpur, in New Delhi on Wednesday. (ANI )

Situation in riot-hit northeast Delhi 'under control': NSA Ajit Doval

  • Ajit Doval was greeted warmly at some places, but at a location two agitated locals complained about the violence
  • Ajit Doval said he was there as per the instructions of Prime Minister Narendra Modi and Home Minister Amit Shah

Plain Facts
Officials take details for the 2011 Census from a Kashmiri family on the outskirts of Srinagar.  (Photo: Getty Images)

Census misses many people, so will NPR

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Finance Minister Nirmala Sitharaman (Photo: Pradeep Gaur/Mint)

Taxing times for the economy

4 min read . 23 Feb 2020
Photo: Bloomberg
The government’s latest decision to ease FDI norms for the insurance sector will enable foreign brokerage companies to buy stake in Indian companies (Photo: iStock)
The government’s latest decision to ease FDI norms for the insurance sector will enable foreign brokerage companies to buy stake in Indian companies (Photo: iStock)

Government notifies 100% FDI for insurance intermediaries

  • FM Sitharaman in the Union Budget last year said that 100% FDI will be permitted for insurance intermediaries
  • This will bring in global practices in the country, which will include new insurance products and selling strategy

Long Reads
IndusInd Bank: Bad loans rose to 2.18% of the total in the quarter ended December, close to the highest proportion in a decade
IndusInd Bank: Bad loans rose to 2.18% of the total in the quarter ended December, close to the highest proportion in a decade

IndusInd, the best Indian bank stock for decade, stutters as succession looms

  • IndusInd was the best performing stock on the Bankex index from early 2008, when Romesh Sobti took over, until September 2018
  • While 72% of analysts tracking IndusInd still recommend the shares, the ratio of ‘buy’ calls has dropped to the lowest in a decade

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There is enough private capital ready to invest in distribution, provided the states ensure a risk-free business: Official
Mark to Market
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The amended bill is likely to be tabled in the second half of the Budget Session beginning next month. (HT )
The amended bill is likely to be tabled in the second half of the Budget Session beginning next month. (HT )

Cabinet nod to surrogacy bill; now widows and divorcee women can benefit as well

  • The proposed insurance cover for surrogate mother has now been increased to 36 months from 16 months provided in the earlier version
  • The amended bill is likely to be tabled in the second half of the Budget Session beginning next month

The new Grand i10 Nios Sportz variant will compete with Tata's Tiago JTP
Recently, the firm topped the list of 50 fastest-growing retailers during FY13-18 in Deloitte’s Global Powers of Retailing 2020 index. (Mint)
Recently, the firm topped the list of 50 fastest-growing retailers during FY13-18 in Deloitte’s Global Powers of Retailing 2020 index. (Mint)

Scale at Reliance Retail has not deterred its growth engine yet

  • Retail business accounts for about 26% of Kotak’s total EV estimates. In value terms, it’s worth 3.4 trillion
  • Recently, the firm topped the list of 50 fastest-growing retailers during FY13-18 in Deloitte’s Global Powers of Retailing 2020 index

Coronavirus updates: Hubei and Wuhan together with over 50 million population continue to be under lockdown since January 23. (AFP)
Coronavirus updates: Hubei and Wuhan together with over 50 million population continue to be under lockdown since January 23. (AFP)

Coronavirus updates: Europe on high alert; Greece reports first case

  • Brazilian officials report first confirmed case of new coronavirus in Latin America
  • The death toll in China's novel coronavirus epidemic today climbed to 2,715 with 52 new fatalities

The lot size of SBI Cards IPO has been fixed at 19 equity shares
Gold rates today: On MCX, prices fell below  ₹42,500 per 10 gram
Vehicles cross through an underpass constructed by GMR Infrastructure that connects to the airport in New Delhi.  (REUTERS)
Vehicles cross through an underpass constructed by GMR Infrastructure that connects to the airport in New Delhi. (REUTERS)

GMR receives 5,248 crore from Groupe ADP

  • On 21 February, it was announced that Groupe ADP would acquire 49 per cent stake in GMR Airports Ltd (GAL) for 10,780 crore
  • The deal would help the group to reduce its debt burden

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