Yes Bank said final decision regarding allotment to follow in next board meeting subject to requisite regulatory approvals (Photo: Reuters)
Yes Bank said final decision regarding allotment to follow in next board meeting subject to requisite regulatory approvals (Photo: Reuters)

Yes Bank board says it will favourably consider Citax Holdings' $500 mn offer

  • Yes Bank said binding offer of $1.2 billion submitted by Erwin Singh Braich/SPGP Holdings continues to be under discussion
  • The lender said it shall continue to evaluate other potential investors to raise capital up to $2 billion

From left House Speaker Nancy Pelosi, Chairwoman of the House Financial Services Committee Maxine Waters, D-Calif., Chairman of the House Foreign Affairs Committee Eliot Engel, D-N.Y., House Judiciary Committee Chairman Jerrold Nadler, D-N.Y., Chairwoman of the House Committee on Oversight and Reform Carolyn Maloney, D-N.Y., House Ways and Means Chairman Richard Neal and Chairman of the House Permanent Select Committee on Intelligence Adam Schiff, D-Calif., unveil articles of impeachment against President Donald Trump, during a news conference on Capitol Hill in Washington (Photo: AP)
From left House Speaker Nancy Pelosi, Chairwoman of the House Financial Services Committee Maxine Waters, D-Calif., Chairman of the House Foreign Affairs Committee Eliot Engel, D-N.Y., House Judiciary Committee Chairman Jerrold Nadler, D-N.Y., Chairwoman of the House Committee on Oversight and Reform Carolyn Maloney, D-N.Y., House Ways and Means Chairman Richard Neal and Chairman of the House Permanent Select Committee on Intelligence Adam Schiff, D-Calif., unveil articles of impeachment against President Donald Trump, during a news conference on Capitol Hill in Washington (Photo: AP)

'No one is above law': US Democrats announce impeachment charges against Trump

  • The full House of Representatives is expected to vote on the charges, or articles of impeachment, next week
  • House Judiciary Committee chairman, Jerrold Nadler, told reporters that Trump had endangered the US Constitution

Divergence in bad loans and provisions arise when a bank’s and RBI’s assessments differ. (Photo: Aniruddha Chowdhury/Mint)

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Union Home Minister Amit Shah speaks during Winter Session of Parliament in Lok Sabha, in New Delhi on Tuesday (Photo: ANI)
Union Home Minister Amit Shah speaks during Winter Session of Parliament in Lok Sabha, in New Delhi on Tuesday (Photo: ANI)

'No locus standi': India says US body guided only by its biases on CAB

  • In a strongly-worded statement against the bill, USCIRF said 'the CAB is a dangerous turn in the wrong direction' and asked US administration to consider imposing sanctions against Amit Shah
  • India attacks US religious freedom commission for criticising CAB, says guided by prejudices and biases

A file photo of Japanese Prime Minister Shinzo Abe with Prime Minister Narendra Modi (Photo: Mint)
A file photo of Japanese Prime Minister Shinzo Abe with Prime Minister Narendra Modi (Photo: Mint)

India asks Japan to reduce trade surplus before Shinzo Abe's visit next week

  • India Japan bilateral trade rose to $17.63 bn in 2018/19 from $10.9 bn in 2008/09. The trade balance widened to $7.9 bn in favour of Japan
  • PM Narendra Modi and his Japanese counterpart Shinzo Abe plan to hold a summit in Guwahati on Dec. 15-16

A file photo of chief economic adviser Krishnamurthy Subramanian (Photo: Mint)
A file photo of chief economic adviser Krishnamurthy Subramanian (Photo: Mint)

Tax cuts necessary but not sufficient to woo investments: CEA

  • Chief Economic Advisor said the corporate tax cuts were announced to make India attractive to investors as countries like Thailand, Vietnam, China were competing with India for investments
  • We do need more reforms to enhance productivity in the economy, said the Chief Economic Advisor

Sun Pharma gained 1% after Morgan Stanley was 'overweight' on the stock with a target at  ₹530 per share.
Sun Pharma gained 1% after Morgan Stanley was 'overweight' on the stock with a target at 530 per share.

Sensex hits one-month low as IT, auto, banking stocks drag

  • At closing, BSE Sensex was down 0.61% or 247.55 points at 40,40239.88 points, while the Nifty 50 index was down 0.68% or 80.70 points at 11,856.80 points
  • IT stocks weakened for the second straight session today, as the rupee strengthened

India's power demand fell 4.3% in November from a year ago, representing the fourth straight month of decline, government data showed
India's power demand fell 4.3% in November from a year ago, representing the fourth straight month of decline, government data showed

India slowdown: Electricity demand falls for 4th straight month, says govt data

  • Electricity demand fell to 94.60 billion units in November 2019, from 98.84 billion units during the same period last year
  • India's power demand fell 13.2% in October from a year ago, posting its steepest monthly decline in more than 12 years

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No sector has demonstrated the damage from economic offences more than India’s banks. (Photo: Bloomberg)
A 10.8% decline in dispatches of passenger cars to 1,60,306 contributed the most to the overall decline. (Photo: Pradeep Gaur/Mint)
While holding cash, they worry about the  ₹2,000 note that could get replaced by the  ₹1,000 one anytime.
While holding cash, they worry about the 2,000 note that could get replaced by the 1,000 one anytime.

Opinion | Where has all the money gone from the system?

At the moment, it does look as if people are waiting. Waiting to Individual spends over a certain amount now need an identifier—PAN or Aadhaar

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E-commerce platforms collect a 1% TCS when a consumer pays for a product bought online. (Photo: iStock)
Long Reads
Airtel also mentioned that this service is currently compatible with Airtel Xstream Fiber home broadband and will soon be compatible with all broadband services and Wi-Fi hotspots (Reuters)
Airtel also mentioned that this service is currently compatible with Airtel Xstream Fiber home broadband and will soon be compatible with all broadband services and Wi-Fi hotspots (Reuters)

Airtel launches Wi-Fi calling service in Delhi-NCR: Here's how it works

  • There will be no extra charge for calls made over ‘Airtel Wi-Fi Calling’ and the application consumes minimal data
  • Check here if your phone is compatible with the services

Consider the impact various taxes have on your mutual fund returns as post-tax return is what you finally get (Photo: iStock)
Consider the impact various taxes have on your mutual fund returns as post-tax return is what you finally get (Photo: iStock)

Four things that can be a drain on your mutual fund returns

  • Scrutinize the impact that expense ratio, portfolio turnover, exit load and tax rules have on your returns
  • Evaluate a fund’s ability to outperform the benchmark before signing up for higher expense ratios

Plain Facts
No sector has demonstrated the damage from economic offences more than India’s banks. (Photo: Bloomberg)

Frauds rise as India’s economy slows

4 min read . 11:40 AM IST
The rate of hospitalisation in India currently at 2.9% (meaning that around 3 out of every 100 people need hospitalisation, excluding childbirth, during a calendar year) these spending shocks are rarer compared to routine ailments (Photo: iStock)

Why India needs more mohalla clinics

4 min read . 09 Dec 2019
Photo: Bloomberg

Saving like an Indian millennial

4 min read . 08 Dec 2019
Agriculture Minister Narendra Singh Tomar (Photo: PTI)
Jaguar wholesales for the month stood at 10,801 vehicles, while Land Rover wholesales were at 37,304 vehicles (Photo: Bloomberg)
Jaguar wholesales for the month stood at 10,801 vehicles, while Land Rover wholesales were at 37,304 vehicles (Photo: Bloomberg)

Tata Motors global sales down 15% in November at 89,671 units

  • Global wholesales of all passenger vehicles in November 2019 were at 58,641 units as against 66,429 units in the same month last year
  • JLR registered global wholesales of 48,105 units in November as against 49,312 units in the year-ago month, a decline of 2.44%

Photo: iStock
As an investor you can change your mutual fund distributor simply by filing a form to that effect. Photo: iStock
The commentary on investments and near-term profitability has led to the belief that profitability is on the mend at Infosys. (Mint )
(Photo: AP)
Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy  (Photo: ANI)
PhonePe claims to have over 150 million users
In the year so far, the rupee has weakened 1.7% against the US dollar.
Hyundai Motor India Ltd announced that prices of its vehicles, across categories, will be increased from January, 2020. (Reuters)
Hyundai Motor India Ltd announced that prices of its vehicles, across categories, will be increased from January, 2020. (Reuters)

Hyundai India to increase car prices from January 2020

  • Hyundai though didn’t specify the quantum jump in prices of its products
  • Hyundai will be the second manufacturer after Maruti Suzuki India Ltd, to announce an increase in price of offerings from next month

 ₹2,977.31 crore has already been released to Jammu and Kashmir and  ₹1,275.99 crore has already been released to Ladakh till date. (Mint)
2,977.31 crore has already been released to Jammu and Kashmir and 1,275.99 crore has already been released to Ladakh till date. (Mint)

7th Pay Commission allowances worth 4,800 crore approved for J&K, Ladakh

  • Certain Central Pay Commission (CPC) allowances will now be made available to Jammu and Kashmir, Ladakh govt employees
  • The government has approved establishment of eight medical colleges in Jammu, Kashmir and Ladakh regions

Anindya Dutta, MD and Co-founder, Stanza Living
Anindya Dutta, MD and Co-founder, Stanza Living

Stanza Living raises 40 crores from Alteria Capital

  • This is in addition to the 30 crores raised earlier this year, taking the total debt infusion by Alteria Capital in Stanza Living to 70 crores
  • Stanza Living claims to be the most capitalized player in the space, with total funding to the tune of $70 million from global investors

So the dividend option may not serve the purpose of drawing a regular income
So the dividend option may not serve the purpose of drawing a regular income

Get SWP on your debt fund for better returns

  • A systematic withdrawal plan is more tax efficient than the dividend option of a debt mutual fund, and this helps boost your post-tax returns
  • SWP withdrawals are not dependent on the fund’s performance

Google says the 'feature is rolling out gradually', so it may take some time to reach you
Google says the 'feature is rolling out gradually', so it may take some time to reach you

No more forwarding horror as Gmail now lets you attach multiple emails to a mail

  • Sending emails as attachments allows you to write a summary email message to your recipients, and attach the set of supporting emails that recipients can directly open in their mail client, said Google in a blog post
  • The feature is likely to be available to all users soon

EPF is government-backed retirement savings scheme that offers a guaranteed rate of return. (Photo: iStock)
An Apple iPhone X (Photo: Reuters)
An Apple iPhone X (Photo: Reuters)

Apple may add larger batteries to 2020 iPhone models

  • J.P. Morgan analyst Samik Chatterjee believes that Apple will release a 5.4-inch iPhone, two 6.1-inch iPhones and one 6.7-inch iPhone with 5G connectivity in 2020
  • As per the report, Apple may use Qualcomm's X55 modems in all its 2020 iPhones, which support both mmWave and sub-6GHz spectrum

Photo: iStock (iStock)
Jio now has 13 recharge plans for its prepaid users. (Reuters)
Gold price today: On MCX, gold prices are down at  ₹37,570 per 10 gram
SBI 1-year MCLR to be 7.90% (Mint)