(Mint)
Maruti Suzuki will try to focus on CNG and hybrid technology driven vehicles to compensate the vacuum created by the phasing-out of diesel vehicles.

Microsoft edges toward $1 trillion valuation on results beat

  • Microsoft’s shares rose as much as 5.1% Thursday morning in New York, briefly pushing its valuation across $1 trillion before pulling back slightly
  • Revenue rose 14% from a year earlier to $30.6 billion in the quarter ended March 31

Axis Bank shares on Thursday fell 1.08% to close at  ₹744.45 on the BSE. (Reuters)
Axis Bank shares on Thursday fell 1.08% to close at 744.45 on the BSE. (Reuters)

Axis Bank back in the black with 1,505 crore profit in Q4

  • The rise in profit was aided by a fall in total provisions, which more than halved on a year-on-year basis to 2,711.4 crore in Q4
  • The bank saw slippages of 3,012 crore in Q4 FY19, down 81.7% y-o-y and down 19.5% sequentially

The rupee opened at 70.02 a dollar (Mint)
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The Himo T1's headlight offers up to 18,000cd brightness and is inspired from an element of Himo's logo.
The Himo T1's headlight offers up to 18,000cd brightness and is inspired from an element of Himo's logo.

Xiaomi's new e-bike has 120km range, 31,000 price tag

  • The Xiaomi Himo T1 electric was launched in China on Wednesday
  • It is powered by a 350W brushless permanent magnet motor and is backed by a 14,000mAh (14Ah) li-ion battery with a nominal voltage of 48V

Maruti Suzuki's shares are down about 30% from their July highs
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Investors must not get carried away by near-term spurt in UltraTech share prices as a look at the stock’s valuations is a must. (Sarvesh Kumar Sharma/Mint)
Investors must not get carried away by near-term spurt in UltraTech share prices as a look at the stock’s valuations is a must. (Sarvesh Kumar Sharma/Mint)

UltraTech Q4 results beat ACC’s hands down, but so do valuations

  • The positives accruing from UltraTech Q4 results have been factored in its valuation, limiting a meaning upside from current levels
  • Unless cement prices rise meaningfully and hold ground, valuations of most cement stocks, including UltraTech, look expensive

Experts claim that the airport site is ‘a place of ecological and cultural significance’ where scientists ‘found leopards, otters, sambar deers, and the occasional tiger’ (Vinay J/Mint)
Experts claim that the airport site is ‘a place of ecological and cultural significance’ where scientists ‘found leopards, otters, sambar deers, and the occasional tiger’ (Vinay J/Mint)

Goa turbulence throws light on mega projects

Disturbing environmental and operational questions continue to be raised about the Mopa airport project in Goa

Ravneet Gill is attempting to build a perception that Yes Bank is no longer under the influence of Rana Kapoor. (Mint)
Ravneet Gill is attempting to build a perception that Yes Bank is no longer under the influence of Rana Kapoor. (Mint)

CEO Ravneet Gill planning to replace entire top management of Yes Bank

  • CEO Ravneet Gill is looking to replace the entire top management of Yes Bank, including some of ousted founder Rana Kapoor's trusted aides
  • In a span of two weeks, at least 14 top executives of Yes Bank have been listed for a potential replacement, a move unprecedented in India’s banking industry

The BJP should benefit from a wave of anti-incumbency against the Trinamool Congress, but fear is a key factor in this election. (Sayantan Bera/Mint)
The BJP should benefit from a wave of anti-incumbency against the Trinamool Congress, but fear is a key factor in this election. (Sayantan Bera/Mint)

Saffron Salaam in Mamata Banerjee's West Bengal

  • Widespread anger over violence during panchayat polls has turned 2019 Lok Sabha elections into a referendum on TMC's rule
  • The BJP’s strategy of whipping up Hindu religious pride in West Bengal, where 27% people are Muslims, seems to be paying off

'I have never been able to understand why people have supported me so much,' PM Narendra Modi said during his interview with Bollywood actor Akshay Kumar.
'I have never been able to understand why people have supported me so much,' PM Narendra Modi said during his interview with Bollywood actor Akshay Kumar.

Narendra Modi scripts a Bollywood twist with Akshay Kumar 'interview'

  • PM Narendra Modi calls his hour-long 'interview' with Bollywood actor Akshay Kumar 'apolitical'
  • Modi says he never dreamt of being the PM and that he isn't the disciplinarian he is made out to be

Sri Lankan soldiers stand guard St. Anthony's Shrine in Colombo on 25 April 2019 (AFP)
Sri Lankan soldiers stand guard St. Anthony's Shrine in Colombo on 25 April 2019 (AFP)

Sri Lanka suspends visas on arrival program for citizens of 39 countries

  • The visas on arrival pilot programme was part of a larger initiative to increase tourist arrivals to the country
  • Probes have revealed foreign links to the attacks and we don't want this facility to be abused, said tourism minister

Buyers at their unfinished Orbit apartment building in Mumbai (Photo: Bloomberg)
Buyers at their unfinished Orbit apartment building in Mumbai (Photo: Bloomberg)

Homeowners turn amateur property developers to finish incomplete projects

  • India’s property market is struggling to digest some $65 billion worth of projects in various stages of completion
  • Real estate and associated businesses account for the largest number of cases referred to India’s two-year-old bankruptcy process

Sensex fell 323 points to 38,730
Sensex fell 323 points to 38,730

Sensex falls over 300 points in volatile trade, Nifty gives up 11,650

  • Maruti Suzuki, which reported a drop in Q4 profit, fell over 2%
  • RIL shares, which earlier in the day hit a new high, could not sustain gains

Indian cricket team members unveil the new 'Blue' Team India jersey ahead of World Cup 2019 at an event, in Chennai, last month. (PTI)
Indian cricket team members unveil the new 'Blue' Team India jersey ahead of World Cup 2019 at an event, in Chennai, last month. (PTI)

The three questions facing India’s World Cup squad

  • Is the middle-order brittle? Do those selections draw from past performance or are they inspired choices? How does this squad compare against previous ones?

INR Vs USD: The rupee today fell to 70.29/dollar at day's low
ITC, which has a 7.82% stake in Hotel Leelaventures, has approached the NCLT alleging oppression and mismangement. Here's a look at the shareholding pattern of the hotels firm. (Mint)
ITC, which has a 7.82% stake in Hotel Leelaventures, has approached the NCLT alleging oppression and mismangement. Here's a look at the shareholding pattern of the hotels firm. (Mint)

Sebi orders pause on Leela-Brookfield deal after ITC, LIC complaints

  • Hotel Leelaventures has struck a 3,950 crore deal with Canada's Brookfield Asset Management LLC to sell four of its hotel properties
  • ITC has alleged that the Leela-Brookfield deal violated provisions of related-party transactions. LIC's objections could not be ascertained immediately

Vodafone Idea rights issue is one of the largest in recent times by any company (Reuters )
The Jet Airways crisis has hit travellers hard due to lack of clarity on refunds for booked flight tickets while the sudden capacity shortage has led to higher fares. (Ashok Bhaumik/PTI)
The Jet Airways crisis has hit travellers hard due to lack of clarity on refunds for booked flight tickets while the sudden capacity shortage has led to higher fares. (Ashok Bhaumik/PTI)

Jet Airways says will validate refund claims in 45 days

  • Jet Airways has provided a web interface to travel agents to submit refund applications, claims can be submitted till 20 May
  • Refunds for tickets bought through credit cards will be validated by Jet Airways and credit card companies each Monday

According to Facebook CEO Mark Zuckerberg, privacy is the biggest area for the future of social networking. (AFP)
According to Facebook CEO Mark Zuckerberg, privacy is the biggest area for the future of social networking. (AFP)

Facebook actively working on WhatsApp Pay in India

  • WhatsApp Pay, stuck owing to India's demand to store data locally, has not gone beyond the beta testing
  • Facebook CEO Mark Zuckerberg said it is running a test in India for WhatsApp Pay

The move comes two months after Spotify launched in India, a price sensitive market already crowded by well-funded players like JioSaavn and Apple Music. (AFP)
The move comes two months after Spotify launched in India, a price sensitive market already crowded by well-funded players like JioSaavn and Apple Music. (AFP)

Spotify loses access to songs from major Indian label Saregama

  • Spotify Technology SA said it will remove all songs belonging to one of India's oldest record labels from its app after they failed to agree on licensing terms
  • Saregama India Ltd filed a petition with the Delhi High Court seeking an injunction against Spotify to stop it from using its songs

Reserve Bank of India (RBI) Governor Shaktikanta Das. (PTI)
Facebook Stories hit 300 million daily user milestone back in September. (Pixabay)
Facebook Stories hit 300 million daily user milestone back in September. (Pixabay)

Facebook now has 2.38 billion users

  • Facebook's daily active users were 1.56 billion on average for March 2019
  • Facebook CEO Mark Zuckerberg says about 500 million people use Facebook Stories every day

A file photo of Paytm CEO Vijay Shekhar Sharma. (Pradeep Gaur/Mint)
Prime Minister Narendra Modi  (ANI)
 (Mint)
Kejriwal stated that it was imperative for the national capital to be granted full statehood. (ANI)
Amazon had its own commercial, where it poked fun at Alexa.  (Bloomberg)
Amazon had its own commercial, where it poked fun at Alexa. (Bloomberg)

Amazon's Alexa reviewers can access customers' home addresses

  • An Amazon team auditing Alexa users’ commands transcribes, annotates and analyzes a portion of the voice recordings picked up by Alexa
  • Although Amazon says the "access to internal tools is highly controlled," it is unclear how many workers have access to the system

ICICI PruLife is ceding market share to aggressive competitors (Reuters)
The campaign builds on Alia and Varun’s playful rivalry where they are seen challenging each other for a bottle of Frooti in a series of television spots
The campaign builds on Alia and Varun’s playful rivalry where they are seen challenging each other for a bottle of Frooti in a series of television spots

Parle Agro in 200 crore marketing push for Frooti, Appy Fizz

  • The summer campaign of Frooti, for the first time, features two big Bollywood celebrities — Alia Bhatt and Varun Dhawan
  • Parle Agro has launched a 10 'pick me up' bottle through a television campaign featuring actor Salman Khan

A file photo of Nirav Modi.
A file photo of Nirav Modi.

Nirav Modi, Mehul Choksi's 13 luxury cars on auction

  • The auction is being carried out on behalf of the Enforcement Directorate which had seized these vehicles from Nirav Modi and Mehul Choksi last year
  • The vehicles include a silver Rolls Royce, a Porsche, a red Mercedes Benz, a white Mercedes Benz and a BMW

Amol Dighe started his career with The Times of India in Response, then moved on to Mindshare Fulcrum where he had a long stint on the Unilever business.
Companies had to pass on the benefits to customers after the government reduced GST to 18% from 28%, and to 5% from 12% on many products (iStock)
Companies had to pass on the benefits to customers after the government reduced GST to 18% from 28%, and to 5% from 12% on many products (iStock)

Samsung, P&G, J&J, other MNCs may not have passed on GST benefits

  • Procter & Gamble allegedly did not pass on more than $35 million in tax benefits which were meant to have gone to its customers, according to authorities
  • The authorities are also investigating Samsung Electronics and Johnson & Johnson among others

Under CEO Satya Nadella, Microsoft has focused on selling cloud-based services (Reuters)
Under CEO Satya Nadella, Microsoft has focused on selling cloud-based services (Reuters)

Microsoft becomes a trillion dollar company after impressive earnings

  • Microsoft's "commercial cloud" revenue - which includes business use of Azure, Office 365 and LinkedIn - was $9.6 billion this quarter, up 41% from the previous year
  • Microsoft's stock has gained about 23% gain so far this year

WeWork said interested candidates can send their resumes to an email ID created specifically for applications from Jet employees. (ANI)
WeWork said interested candidates can send their resumes to an email ID created specifically for applications from Jet employees. (ANI)

WeWork India, SpiceJet, CureFit, others offer jobs to Jet Airways employees

  • WeWork, in a statement, said it will actively consider job applications from Jet employees for openings
  • Jet Airways has shut down operations temporarily after lenders decided against extending emergency funds for its survival

 (Ramesh Pathania/Mint)
The Corps of Military Police is responsible for preserving
The Corps of Military Police is responsible for preserving "good order and discipline and to prevent breaches of the same by persons serving in or attached to the regular Army". (HT)

Army offering jobs in military police to women for the first time

  • The application window for recruitment of soldier general duty (Women Military Police) will close on 8 June
  • This is the first such call for women to join the Corps of Military Police

Tesla's quarterly loss followed changes to pricing and reversals in the way the company sells vehicles. (Reuters)
Tesla's quarterly loss followed changes to pricing and reversals in the way the company sells vehicles. (Reuters)

Tesla hit with big loss as car deliveries sputter

  • Tesla reported a loss of $702 million in the first three months of this year after two consecutive quarters of profit.
  • Tesla produced about 63,000 Model 3 vehicles in the period, an increase of 3% from the same quarter a year earlier

Narendra Modi, the most followed politician in India, emerged as the second most interactive leader on Twitter.
Narendra Modi, the most followed politician in India, emerged as the second most interactive leader on Twitter.

Subramanian Swamy beats PM Modi to become most interactive politician on Twitter

  • The ranking is done on the basis of political index calculated on five factors including followership, engagement rate, response rate, original activity, and amplification
  • Rahul Gandhi occupies the third spot while Smriti Irani is on fourth position

The media, gaming, and entertainment industries are prized targets for cyber criminals who are looking to trade in stolen information and access.
The media, gaming, and entertainment industries are prized targets for cyber criminals who are looking to trade in stolen information and access.

Your paid Netflix, Prime subscription is a prized target for cyber criminals

  • India came second to the US among top destinations for hacking attempts in the world
  • In the video media sector alone, three of the largest credential stuffing attacks in 2018 increased from 133 million to nearly 200 million

SpiceJet will add six more Boeing 737-800 NG aircraft on a dry lease, in addition to the sixteen 737s and five Bombardier Q400s. (Reuters)
SpiceJet will add six more Boeing 737-800 NG aircraft on a dry lease, in addition to the sixteen 737s and five Bombardier Q400s. (Reuters)

SpiceJet to shift more flights to Terminal 2 of Delhi, Mumbai airports

  • The new flights from Delhi to Mumbai and Bengaluru will operate from Terminal 2 and have a 4-digit flight number starting with 8
  • SpiceJet's 4 digit flight numbers — starting with 6 — would be used for flights departing and arriving at Mumbai's Terminal 2

Crosses cast shadows at the site of a mass burial for victims of the suicide attacks on churches and luxury hotels in Negombo, Sri Lanka. (Reuters)
Crosses cast shadows at the site of a mass burial for victims of the suicide attacks on churches and luxury hotels in Negombo, Sri Lanka. (Reuters)

Islamic State has gained toehold in S Asia, warn intelligence agencies

  • Indian intelligence officials warned that South Asia can no longer afford to ignore the toehold that the IS terrorist group was gaining in region
  • Experts tracking growth, proliferation and disintegration of IS said there is enough evidence to believe that group had launched operations in South Asia

The report showed that the major grounds of complaints received during the year were non-observance of fair practices code (22.1%), ATM and debit card issues (15.1%). (iStock)
The report showed that the major grounds of complaints received during the year were non-observance of fair practices code (22.1%), ATM and debit card issues (15.1%). (iStock)

Banking ombudsman saw 25% rise in customer complaints in FY18

  • The banking ombudsman scheme (BO Scheme) was introduced in 1995 as a cost-free and expeditious grievance redressal mechanism for customers of banks
  • The report showed that the major grounds of complaints received during the year were non-observance of fair practices code

Security forces stand guard at St. Antony shrine, days after a string of suicide bomb attacks on churches and luxury hotels across the island on Easter Sunday, in Colombo,  (Reuters)
Security forces stand guard at St. Antony shrine, days after a string of suicide bomb attacks on churches and luxury hotels across the island on Easter Sunday, in Colombo, (Reuters)

Sril Lanka bombings: Another blast reported in Pugoda town, near Colombo

  • A blast was heard in the town of Pugoda, near Colombo
  • Police said they were investigating the explosion, which came at a time of high tension in Sri Lanka

Nikhil Kumaraswamy (left) with his father H.D. Kumaraswamy.
RBI has released the annual report of the banking ombudsman for 2017-18. (AFP )
Triumph India general manager Shoeb Farooq.
IAF used Mirage 2000 to strike in Balakot (PTI )
IAF used Mirage 2000 to strike in Balakot (PTI )

IAF jets hit 5 out of 6 targets in Balakot air strike

  • Indian fighter jets hit five of six designated targets — the first official revelation of the number of targets in the Balakot operation
  • As the Indian jets turned back after striking the targets in Balakot, Pakistan scrambled its jets from as many as eight bases

The Fitbit Versa Lite has access to Fitbit’s Female Health tracker, which lets women make a note of their menstrual cycles.
The Fitbit Versa Lite has access to Fitbit’s Female Health tracker, which lets women make a note of their menstrual cycles.

Fitbit Versa Lite review: More smartwatch than a fitness tracker

  • The Versa Lite is great if you are just going for a run without a worry about your pace etc
  • The Fitbit Versa Lite will make a nice gift for fitness enthusiasts, beginners or those who generally want a smartwatch