Lower corporate tax may not be enough to jump-start economy

• Besides a tax cut, the government needs a boost through policy rate cuts and may also need to raise its spending
• The austerity among Indians has come partly due to wage stagnation even as cost of living went up

Sensex surges over 1,300 points, Nifty Bank reclaims 30,000 : 10 updates

• Many brokerages have raised their earnings estimates for India Inc and Sensex and Nifty target after the corporate tax cut
• It is important to see when FPIs will resume their buying spree: Analyst

Choose from India’s best health policies

• Don’t stop at top-rated plans; find one that caters to your needs
• The ratings should not only help you choose a plan well but also help you develop an understanding about what to look for in health insurance

Midcaps bounce back, but earnings downgrade cycle may take time to recover

• Nifty Midcap 100 was trading at a premium of about 60% to the Nifty 50 index's trailing price-earnings multiple
• Over the longer run, mid-caps usually trade at a lower valuation compared to larger peers

Shares of IT companies fall as investors book profits

• Analysts said IT stocks had traded at a premium to other stocks
• The new taxation rule will be neutral event for Indian IT companies at the consolidate level, a report said

Health insurance covers more, but the cracks remain

One year on, the Ayushman Bharat scheme appears to suffer from both inclusion and exclusion errors

Steel scrappage policy to be out next month

• The proposed policy is aimed at having an assured and regular supply of processed scrap for the downstream industry
• The policy will deal with scrap from automobile, household, structural, railways, industrial sectors, among others

Tax incentive for new firms could spark ‘make in India’ for EV parts

• The govt’s steps are likely to boost local production of Li-ion batteries, charging equipment and other parts
• The FM said new manufacturing companies set up on or after 1 October will pay income tax at the rate of 15%

Brokerages raise Sensex targets, earnings estimates of India Inc after tax cuts

• The corporate tax cuts may improve earnings, margins of India Inc, according to analysts and fund managers
• Many brokerages have also Sensex targets

Narendra Modi wows America, Donald Trump wows India

• US President Donald Trump says border security is vital to India and its people, just as it is to the US
• This was Modi’s third event with the Indian diaspora in the US —the previous ones were in 2014 and 2015

Decoding 5G: What does this future tech means for you

• Commercial 5G networks are starting to go live across the world
• In 2020, worldwide 5G wireless network infrastructure revenue will reach $4.2 billion, according to Gartner

Use of insolvency code in Dewan Housing will expedite resolution process

• The lenders are now preparing the resolution plan for DHFL under RBI’s new framework for resolution of stressed assets
• On 30 August, DHFL had said its board approved the plan to convert the whole or part of its debt into shares

MAT breather to give a leg-up to bankruptcy resolution and M&As

• Analysts say the MAT exemption will lead to better realization of the asset sale
• The Taxation Laws (Amendment) Ordinance exempts companies opting for the lower corporate tax rate of 22% and new manufacturing firms eligible for 15% tax rate from payment of MAT

SBI to link new floating rate home, auto loans to RBI's repo rate

• The new interest rate mechanism from SBI will be effective from October
• SBI has made some modifications to its existing repo-linked home loan scheme

After Sitharaman’s tax bonanza come the big challenges

• The fiscal deficit can be even higher than 4% if GDP does not grow by 12% as the budget expects it to
• One option for the government is to push through genuine disinvestment by selling PSEs to private firms

Opinion | 2019 MSMR sees rise in A-rated products

A handful of products have consistently managed to stay ‘A’ rated over the years

New OnePlus devices to debut on 26 September 'Special Event': 5 things to know

• OnePlus is expected to launch the yearly successors to its 'flagship killing' devices and a brand new member in the company's lineup—the OnePlus TV
• The OnePlus TV will sport a unique design and will powered by Android with OnePlus' custom UI running atop

Hotel stocks zoom as GST rate cut will make India more attractive for tourists

• Shares of premium luxury hotels such as The Indian Hotels Company, Hotel Leela Venture and EIH soared by about 5%
• GST rate is down across the board- for room tariffs between ₹1,000- ₹7,500 per night to 12% from 18%

The roadmap for real banking reforms

After a major rejig in corporate tax, there is scope for transformative banking reform too. Here’s a template

New releases open dull while 'Dream Girl,' 'Chhichhore' hold strong

• The winner of the week is a Punjabi film called Nikka Zaildaar 3 that collected ₹1.3 crore on Friday
• Ayushmann Khurrana-starrer Dream Girl collected ₹24.75 crore over the second weekend, taking its 10-day total to ₹95 crore

Kotak Mahindra Mutual Fund bets on rebound in midcap, smallcap stocks

• Currently, this as a good opportunity to enter midcap and smallcap segments of the market: Kotak Mutual Fund
• Kotak Standard Multicap Fund, the company’s biggest fund, has returned an average of about 11% over the past five years

Indian equities extend rally as brokerages upgrade Sensex targets

• Nomura has upgraded Nifty target for March 2020 to 12545 on the back of a potential 7% earnings increase in fiscal 20/21
• Morgan Stanley raised its BSE Sensex target to 45,000 by June 2020

WhatsApp new feature: Share status on Facebook

• Just like Instagram, WhatsApp's status Stories let users post images, text and videos on your profile that disappear after 24 hours
• To use this feature, tap on share button which will show you the apps you can share your WhatsApp status with

Bank strike: Banks open only for 3 days this week due to strike, holidays

• Banks union leaders say around 4 lakh employees will join the bank strike call on September 26-27
• It is also being feared that several ATMs might dry up in the weekend

Soon, apex body to help manage water resources in the North-East

NEWMA will facilitate India’s bid to establish prior user rights on water from rivers originating in China

From being shunned to an adored leader – Modi’s journey as a politician

• Modi’s first visit as prime minister in 2014 saw him speak at a public event in New York’s Madison Square Garden
• The gathering at the NRG Stadium in Houston, Texas on Sunday saw the largest number of admirers and fans in Indian community

Hottest five-year period on record 2015-19, says Climate Change report

• Greenhouse gas concentrations in the atmosphere have risen to record levels, according to the report
• The report has laid bare how the world is failing to avert climate change

Adani, Cube, IRB Infra, Canada’s CPPIB in race for 9 NHAI roads

• NHAI has put up the road stretches in UP, Jharkhand, Bihar and TN for toll-operate-transfer auctions
• NHAI sets the initial estimated concession value (IECV) for the third TOT at ₹4,995.48 cr

ITC shares up 9% as no cess on cigarettes was increased

• The stock touched a high of ₹260.30 on the BSE and gained as much as 9.3%
• The stock’s market cap increased by nearly $3.66 billion

Asus ROG Phone 2 India launch today: Live stream link, expected specifications

• The Asus ROG Phone 2 boasts industry-leading specifications like a Qualcomm Snapdragon 855+ SoC with up to 12GB of RAM
• In the European market, the smartphone available in an 'Ultimate Edition' that comes with up to 1TB of internal storage and 12GB of RAM

Ayushman Bharat completes 1 year--what’s done, what’s not?

• In the last one year, around 46.4 lakh hospital treatments, worth ₹7,500 crores have been carried out
• Under the scheme, more than 18,236 hospitals have been empanelled across India

Connecting dots to automate digital payments

• Sahil Kini and Nikhil Kumar, who earlier worked on Aadhaar and UPI, are rolling out the first of their financial products
• Setu’s Collect serves as the link between payment apps and the service a customer is paying for

Axis Bank raises ₹12,500 crore via QIP from GIC, others

• The fundraise makes Axis the third bank to raise funds via a QIP this year
• Axis Bank sells shares in the QIP at ₹628-629 per share

No plans to cut expenditure to rein in fiscal deficit, says Sitharaman

• Nirmala Sitharaman said the government is not planning to cut its expenditure to meet the shortfall
• Sitharaman had earlier said infrastructure ministries has been asked to front load expenditure to revive capital expenditure

SBI daily ATM cash withdrawal limit for different debit cards

• Depending on the card and its variant, different cash withdrawal limits are applicable to SBI debit cards
• SBI allows free transactions to its customers at ATMs for 8-10 times in a month

Gold prices today up ₹500 from one-month lows, silver rates surge

• Stronger global rates and a weaker rupee lifted domestic gold prices
• Silver, which had fallen sharply earlier, logged strong gains

Heatwaves, the deadliest weather hazard in last five years: WMO

• According to the report, almost every study of a significant heat wave since 2015 has found the hallmark of climate change
• The 2015 El Nino year saw as many as 2081 deaths due to heatwaves, followed by 700 in 2016 and 375 in 2017

Petrol price at year-high today, diesel highest in several months

• Petrol price has never been more expensive than today in 2019
• If the last seven days are taken into account, then the petrol price has gone up by ₹1.88 per litre and diesel price by ₹1.50 a litre

Railways' first private train sees strong bookings. Delhi-Lucknow Tejas features

• The Lucknow to New Delhi ticket prices for IRCTC's Tejas Express will be ₹1,125 for AC chair car and ₹2,310 for executive chair car
• The fares may vary along all sections since the train will operate on the flexi-fare scheme

Indian rupee opens lower in line with Asian peers

• The rupee traded at 71.98 to a dollar, down from Friday's close of 70.95
• The yield on the 10-year Indian government bond was at 6.776% today

Energy is the new bridge in US-India relationship

• India has been sourcing LNG and crude oil from the US, with Indian companies investing $4 billion in US shale gas assets
• After the four-decade ban on US oil exports, the first crude oil shipment from the US to India arrived in October 2017 in Odisha

Is India becoming a part of US election metric?

• Modi introduced Trump as “my friend” under whose watch India-US relations have soared
• The size of the gathering and Modi’s seeming show of support for Trump ahead of the US elections was not lost on anyone

Khalistani terror footprint in Punjab, state police suspects drone usage

• A senior official familiar with the development said the district has had a history of breeding Khalistani terrorist groups
• The police have arrested four and seized a cache of arms, including five AK-47 rifles, pistols, satellite phones and hand grenades

BJP, Shiv Sena look to iron out differences over seats in Maharashtra

• Shiv Sena leaders have maintained that they will not settle for anything less than 135 seats out of the total 288
• Several senior BJP leaders in Maharashtra believe that since BJP already has 122 members of legislative assembly because the party had contested a majority number of seats alone in the previous assembly elections in 2014

Have a tax query? Get it answered straight from Income Tax officers

• The Income Tax department has a form for you to ask all your questions related to tax refunds, ITR processing, etc
• Once you submit all the details in the form, you will get a ticket id on the screen as well as on SMS

New EPF account rule makes Aadhaar card mandatory for e-nomination

• To submit the name of a nominee, you need to have your PF account linked to Aadhaar
• You also need to submit Aadhaar card number of your nominee on the EPFO portal

Senior citizen FD rates above 8%: Interest rates of 5 banks compared

• Senior citizens can invest in an FD for a tenure ranging from 7 days to 10 years
• FDs provide some extra benefits to the elderly such as a higher interest rate and tax benefits

The bits of code pushing the next leap in online transactions

• Payments serve as a good entry point for digital transactions, but the real game-changer for financial inclusion is mobile access to banks, loans and deposits
• The main challenge is in reaching rural areas where merchants prefer cash, and digital access is poor

Tax cut gives PM Modi perfect pitch to win US investments

• The corporate tax cut on Friday, will strengthens PM Modi's pitch to US CEO's about the ease of doing business in India
• The corporate tax cut to rival some of the lowest in Asia, helping India compete with the likes of Vietnam, Indonesia to attract investments

After Modi says ‘Abki bar, Trump sarkar,’ Trump says border security vital

• Trump called Modi 'the most loyal friend of US'
• Trump said the NBA would host a match in Mumbai next week and would love to attend the event if invited

PM Narendra Modi slams Pakistan over terror

• PM Modi pointed out that the move to scrap the provision was debated in the upper and lower houses of parliament for hours and the debates involved were telecast live
• The significance of Modi’s message to Pak, given in public and with Trump in the audience, could not have been lost on the audience

‘Howdy, Modi!’ event: India has given farewell to Article 370, says PM Modi

• PM Modi hit out at Pakistan for its support to terrorism and said India's decision to nullify Article 370 has caused trouble to those who cannot handle their country
• PM Modi said he met Trump a few times and every time he has been warm, friendly, accessibly, energetic and full of wit

Howdy Modi: Modi has Trump’s hands on his shoulder as anthems play

• ‘Shared Dreams, Bright Futures,’ has been organized by Texas India Forum
• Modi welcomed 'a very special person whose name is familiar to every person on the planet'

Five small finance banks line up ₹4,000 cr initial public offerings

• Fincare, ESAF and Utkarsh among those looking to list as an RBI deadline for public listing draws closer
• Small finance banks looking to go public could face key challenges, given the ownership structure

At Howdy Modi, PM says ‘all is well’ in multiple languages, ends Hindi debate

• The crowd went into raptures as Modi talked about diluting Article 370 and in a reference to Pakistan, said it was time to unite against terrorism and those behind it
• Bonhomie was all on display at the stadium as US President Donald Trump and Modi showered praise on each other