Why MNC pharma stocks are beating Indian peers hands down

• MNC pharma companies are riding on the innovation done by their parent companies and are operating in niches and therapies
• US FDA inspections leading to cancellation of some drug launches in the US market has now impacted most Indian companies

As London tops Mumbai in rupee trading, India looks to deepen local market

• Average daily volumes for rupee in the UK soared to $46.8 billion in April
• That is a more than fivefold jump from $8.8 billion in 2016

U2 brings ‘The Joshua Tree’ to India

• The Irish band will play its first India gig on 15 December in Mumbai
• In an exclusive interview, Bono and The Edge talk about what finally brought them here

E-cigarettes banned, Railway employees to get 78 days' bonus

• It will lead to outgo of over ₹2,024 crore
• Cabinet also banned e-cigarettes

INS Vikrant vandalised, looted at Cochin shipyard

• A hard disk and a multi function control processor were stolen and damaged inside Indigenous Aircraft Carrier (IAC)-Vikrant
• Theft and vandalism a result of “an internal matter and a possible insider job”: Home ministry

The sharp edge of India’s war on plastic

The Centre’s campaign against low-grade plastic could disrupt the value chain of items used by millions of Indians

Saudi Aramco claims suspended oil production would come online by Sept end

• Saudi Aramco CEO Amin Nasser said the production capacity, suspended due to terror attacks on its plants at Abqaiq and Khurais, would be fully restored by the end of September
• Saudi Aramco had assured India that it will honour its supply contracts despite the production cuts

WeWork IPO postponed, $2.75-bn India unit deal faces delays

• We Co. may seek a valuation between $10 bn and $12 bn for its IPO, less than the $47 bn valuation it achieved in Jan
• Holding firm Embassy plans to raise fresh capital to fund WeWork’s India operations and expand its presence

Oyo  to  raise  $200  mn for luxury push in US

• Oyo’s strategy to raise debt for buying hotels in the US is one that it has followed in India and Europe as well
• The company, which bought Hooters Casino Hotel in Las Vegas last month, has identified the premium hotels segment as its area of focus outside India

Debt woes worsening despite RBI rate cuts

• Aggregate profit growth declined 5.41% in Q1FY20 from a growth of 20% in the year earlier for 335 listed firms
• The interest coverage ratio, which measures the ability of businesses to pay interest on their loans, fell to a 13-quarter low in the June quarter

Sebi bars Gautam Thapar from accessing markets

• Sebi has asked BSE to appoint an independent auditor to conduct a forensic audit of CG Power books
• Sebi said Thapar was prima facie guilty of misusing the company’s assets

Oil prices sink 5% as quick Saudi output recovery seen

• In the space of several minutes in afternoon European trading, North Sea Brent crude oil for delivery in Nov tumbled from $67.75 to $65
• The spike in the oil price had stoked fears that costlier energy and geopolitical instability could weigh on an already slowing global economy

Rosneft steps in to help India fill gap in oil supply

• Development comes as oil marketing firms seek long-term contracts for Russian oil
• India held talks with the Trump administration also on energy imports from Iran

'Blueprint ready': Govt mulling fourth booster dose to revive economy

• The blueprint for the stimulus is ready, which would be announced by FM Nirmala Sitharaman in the next few days, a govt official said
• The first set of announcements was made on 23 August that included rollback of the enhanced surcharge imposed on foreign portfolio and domestic investors

Houston event is a big feat for NRIs, says Jaishankar

• Jaishankar said the ‘Howdy Modi!’ mega event on 22 Sept in the US will be a crowning moment for Indian-Americans
• The community meeting in Houston comes at a time when trade tensions between India and the US have increased in recent months

PoK part of India, expect to have physical jurisdiction over it: Jaishankar

• The government has maintained that henceforth talks with Pakistan would be only about PoK and not on Kashmir
• 'Our position has, is and will always be very clear on PoK, that it is part of India and we expect one day we will have physical jurisdiction over it,' Jaishankar told reporters

This is what the new OnePlus 7T will look like

• OnePlus CEO Pete Lau said the new smartphones will sport 'a new smooth matte surface with a brilliant metallic radiance'
• OnePlus also teased the 90Hz, Fluid AMOLED display that will be fitted on the OnePlus 7T

EPFO to soon credit interest into 6 crore EPF accounts

• EPFO had approved an interest rate of 8.65% for 2018-19
• This is higher than 8.55% interest rate fixed for 2017-18

How delay in EPFO interest payment impacts lakhs of subscribers

• Till the time interest is credited to the account, the amount will not get compound interest
• If a subscriber has ₹1 mn deposit in his EPF account, he or she will not get the benefit of compound interest of ₹86,500 for half a year

Nifty earnings face further risk as rising oil, falling rupee add to woes

• A persistent increase in oil prices can impact earnings growth of Indian companies
• Rupee depreciated on account of oil price hike and concerns over a rising current account deficit

Why Rafale jets may be inducted into IAF by next summer only

• India will have to wait till April-May before the delivery of jets begins
• Rafale jet is a very good aircraft and when it comes into the subcontinent, it will be a game changer because it has significant capabilities, says B. S. Dhanoa, Chief of the Air Staff

A lost year for markets as all 2019 gains erased

• The oil prices scare has added yet another worry for government that is trying to combat an economic slump
• Sell-off in stocks continues for second straight day despite Saudi assurance

Apple iPhone 11 pre-order date announced: Check price, specifications, offers

• Flipkart, ahead of the iPhones' official launch, revealed the date for pre-booking the new iPhone
• The listing doesn’t reveal any launch offers or bundled schemes like cashbacks or discounts

Mukesh Ambani raises stake in Reliance Industries

• Mukesh Ambani and his private firms held 47.29% stake as on June 30, 2019 in Reliance Industries
• The acquisition was pursuant to a scheme of arrangement not directly involving RIL

TENAA listing reveals all the hidden specifications of Apple iPhone 11 series

• Apple at its Special Event this year didn't reveal crucial details, including battery capacity and RAM, of its new iPhones
• China's regulatory website, TENAA, revealed the battery and RAM capacities of the models

Amazon reveals Great Indian Festival sale offers: Find out more

• The Great Indian Festival will commence on midnight, 29 September and will go on till 11:59 pm on 4 October
• The sale will see offers on smartphones, laptops, cameras, large appliances & TVs, home & kitchen products, fashion and consumer electronics

Income tax department issues warning against this fake SMS

• The income tax department has warned against a fake SMS doing the rounds
• You should never click on such links sent in SMSes as it could be a phishing trap

Rupee depreciation provides respite for India IT, amidst margin pressures

• Rupee depreciation aids profit margins of IT companies
• Indian rupee has depreciated 1.4% against the US dollar compared to an average exchange rate in April-June this year

You can now get home loan up to ₹10 crore in just 59 minutes: How to apply

• ‘PSB Loans in 59 Minutes’ is offering an in-principle online approval for retail loans — home loan and personal loan
• Any salaried or self-employed individual can apply for the home loan of up to ₹10 crore

Samsung Galaxy M30s launch today: Expected specs, price, live stream link

• Samsung has confirmed a few details about the Galaxy M30s that include the presence of a huge 6,000mAh battery and 48MP triple camera setup
• The live stream of the Galaxy M30s will go live at 12 noon today on the company's Facebook and YouTube pages

Give last few instalments of SIP time to grow before withdrawing entire sum

• When you need your money back right after five years, you should invest in a lower risk portfolio
• If you continue your SIP for five years and then wait for some more time before taking your money out systematically

How to get monthly ₹3,000 pension under new govt scheme: Check details

• Each subscriber under this scheme will receive a minimum assured pension of ₹3,000 per month once they turn 60
• Eligible subscribers can enroll by visiting their nearest common service centres

Flexi-hiring in Indian IT industry set to see a big jump: 5 things to know

• Bangalore,Chennai, Gurgaon, Hyderabad and Pune set to lead growth in flexi-hiring in Indian IT sector
• Niche skill requirements on project basis is contributing towards big growth in the IT sector

Rupee jumps against US dollar today after two-day fall: 5 things to know

• A drop in oil prices boosted emerging market currencies, including the rupee
• Rupee traders await announcement from US Fed later today

Oil prices recede but Nifty Auto index trends lower on doubts over GST rate cut

• Sales from April to August clocked a double-digit yoy decline across all vehicle segments
• The oil shock impact is no doubt wearing off as global prices are down 6%

Airfares in India could go up if oil prices rise further

• Airfares in India have already seen an uptick ahead of the upcoming festive season

Petrol, diesel prices today see biggest hike in 2 months: 5 things to know

• Today's increase in petrol, diesel prices is the biggest single-day hike since the July Budget
• The fuel price hike follows a sudden spike in crude oil rates on Monday following drone attacks on Saudi oil infrastructure

Govt scraps import duty on open cell LED TV panel

• Panels make up over 60-70% of the cost of manufacturing LED TV sets
• The demand for TV in India has seen a slump amid consumer slowdown, more competition and increased GST on large TV sets

Pre-approved personal loan: All you need to know

• Pre-approved loans are mostly unsecured, collateral-free short term loans
• Pre-approved loans are actually an ‘invitation to apply’ offers and hence are valid only for a certain period of time

Moody’s says RBI’s decision to cut risk weight on consumer loans credit negative

• The RBI last week reduced risk weight on consumer loans such as personal loans to 100% from 125%
• According to Moody's, the strong growth of personal loans in recent years was supported by the yields offered by these unsecured loans

Amazon Prime Video targets ‘many Indias’ for growth

• The service currently offers content in Hindi, Tamil, Telugu, Kannada, Malayalam, Marathi, Bengali, Punjabi and Gujarati
• Amazon content is currently watched in about 4,000 Indian towns and cities

Xiaomi Smarter Living event: Here's everything that was launched

• Xiaomi introduced new TV sizes in the Mi TV 4X- and 4A- series, a new water purifier and the Mi Band 4
• It also launched a black variant of the Mi Soundbar

Airtel Payments Bank launches Bharosa savings account scheme: 5 things to know

• Airtel Payments Bank's Bharosa savings account would offers ₹5 lakh personal accident insurance
• Customers would also be eligible for cashback

Apple cuts prices of older iPhones, iPhone XR. How they compare with iPhone 11

• Following the launch of the new iPhone 11 series, Apple has reduced the price of older iPhone models like iPhone XR and iPhone XS
• The new iPhone 11 will be sold in India at a starting price of ₹64,900

Static WPI inflation adds to slowdown worries

• Wholesale prices of manufactured products in August were at the same level as a year ago, signalling that producers lacked pricing power
• RBI has been focusing only on CPI-based inflation after a 2015 monetary framework pact with the Centre

Gold prices fall for second today, down ₹2,000 from highs; silver declines

• A pullback in global oil prices eased inflationary concerns, pushing gold prices lower
• Silver also followed suit, suffering more losses than gold

Bhubaneswar airport to remain partially shut for 8 months

• The runway re-carpeting will be done in two phases from November
• The re-carpeting of the runway is a regular maintenance work and was last taken up at the Biju Patnaik International Airport in 2007

Setback for Mayawati as six Rajasthan BSP MLAs switch to Cong

• With the defection, the renewed tally of the Congress in the Rajasthan legislative assembly is 106
• This is the second time since 2009 when six MLAs of BSP had moved sides to join the Congress

A photo stand of PM Modi that costs ₹1 crore

• The e-auction includes over 2700 mementos, including paintings, sculptures, shawls, jackets and traditional musical instruments
• The lowest base price of the mementos is ₹200 and goes all the way up to ₹2.5 lakh

Indians are the largest resident non-migrants in US

• In 2016, there were 580,000 Indians in the US as resident non-immigrant
• Of these, 440,000 were temporary workers, which includes those on H-1B visas and 140,000 were students

Client engagements more project oriented: Cognizant India’s CMD

Given our ahead-of-the-curve investments in digital, Cognizant is well positioned to capitalize on this substantial market, says Ramkumar Ramamoorthy, CMD, Cognizant India

Govt will draw curtains on state-owned trading companies, says Piyush Goyal

• Trade minister Piyush Goyal says the government has no business of remaining in such businesses
• Shares of MMTC and STC decline 16.6% and 19.6%, respectively

Demat, trading accounts can be unbundled

• Investors can also choose to have just a demat account
• However, if at any time, they intend to sell the securities, they will need to open a trading account and link the demat account to it

Bajaj Finance to raise Rs8,500 crore via QIP

• Bajaj Finance board approves raising of capital through QIP for an aggregate amount not exceeding Rs8,500 crore by issue of equity shares
• Stock of Bajaj Finance closed 1.54% lower at Rs3,365.65 on the BSE

Govt waives 3-year lock-in period on investments by non-residents in IDF bonds

• A notification in this regard has been issued by the Central Board of Direct Taxes (CBDT)
• IDFs are investment vehicles to accelerate the flow of long-term debt to the sector

Noose tightens around ex-Kolkata top cop, CBI forms teams to trace him

• On Tuesday, the CBI asked Rajeev Kumar to appear before it for questioning in the Saradha scam case at 10am. However, Kumar failed to appear
• On Friday, Kumar’s protection from arrest was struck down by the Kolkata High Court