(Mint)
Jet Airways has not flown since 18 April because of funding woes. (Abhijit Bhatlekar/Mint)
 (Reuters)
The selling pressure mounted a day after Finance Minister Nirmala Sitharaman said FPIs should consider the option of structuring themselves as companies rather than trusts to avoid paying the increased surcharge announced in Union Budget for 2019-20 (Photo: Reuters)
The selling pressure mounted a day after Finance Minister Nirmala Sitharaman said FPIs should consider the option of structuring themselves as companies rather than trusts to avoid paying the increased surcharge announced in Union Budget for 2019-20 (Photo: Reuters)

Nifty, Sensex see heavy selloff amid weak results and no respite for FPIs

  • Sensex closed 560.45 points lower or 1.44% at 38,337 while Nifty 50 shed 177.65 points or 1.53% to close at 11,419
  • Auto stocks were the worst sufferers as indices levelled at their two-month low

Oyo founder Ritesh Agarwal.
Percentage of gross NPAs in Q1 climbed to 2.02% from 2.04% on a quarter-on-quarter basis (Mint file)
Percentage of gross NPAs in Q1 climbed to 2.02% from 2.04% on a quarter-on-quarter basis (Mint file)

Bandhan Bank Q1 profit beats Street, rises 45.5%

  • The bank posted a net profit at 701.14 crore for the quarter ended 30 June, against 481.71 crore in the year-ago period
  • Net interest income for the quarter increased 35.98% to 1,410.38 crore, against 1,037.17 crore in the same quarter last year

The Nifty mid-cap gauge closed 2018 with a decline of 15%. (Photo: Hemant Mishra/Mint)
The Nifty mid-cap gauge closed 2018 with a decline of 15%. (Photo: Hemant Mishra/Mint)

Small-cap misery seen ending in India, thanks to RBI rate cuts

  • The valuation of the Nifty MidCap 100 Index is near the cheapest since 2012
  • Smaller companies underperformed during the sell-off that roiled India and other emerging nations last year

Long Reads
A file photo of former India cricket captain Mahendra Singh Dhoni. (Alamy)

Dhoni’s dilemma: Mahi way or highway

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Prime Minister Narendra Modi during his interaction with secretaries to the government this month. (Twitter@narendramodi)

The plan to reform India’s babudom

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If Boris Johnson becomes PM, he will assume leadership at a time when the old model of leadership in the UK lies exposed and a new one is yet to be born (Photo: Getty Images)

Boris Johnson: An unsuitable boy

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Richard Branson, president, Virgin Atlantic (Photo: Mint)

Business dreams powering a lunar race

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Karnataka chief minister HD Kumaraswamy (PTI file)

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Commuters use their mobile phones as they wait at a bus stop with an advertisement of Reliance Industries' Jio telecoms unit, in Mumbai, July 10, 2017. REUTERS/Shailesh Andrade/Files
Commuters use their mobile phones as they wait at a bus stop with an advertisement of Reliance Industries' Jio telecoms unit, in Mumbai, July 10, 2017. REUTERS/Shailesh Andrade/Files

Reliance Jio Q1 net profit rises 46% to 891 crore; ARPU falls to 122

  • Despite larger consumer base across tariff plans, customer engagement improved with higher data usage of 11.4 GB per user per month
  • Jio's subscriber base was at 331.3 million as on 30 June, 2019

The toll fare is directly deducted from the bank account linked to FASTag (Mint file)
The toll fare is directly deducted from the bank account linked to FASTag (Mint file)

FASTags to be made mandatory by 1 December, says road ministry

  • FASTag is an electronic toll connection device installed in the vehicle to help drivers to drive through toll plazas without having to stop
  • The move is part of the government’s plan to promote digital payments at toll plazas and decongest national highways

ITR Filing
Corporate earnings for the June quarter have also failed to impress investors, with several lenders flagging stress in their books (Photo: Reuters)
Plain Facts
This is the single largest foreign investment in an Indian infrastructure vehicle, the company said (Photo: Reuters)
This is the single largest foreign investment in an Indian infrastructure vehicle, the company said (Photo: Reuters)

Canada's Brookfield to infuse 25,215 crore into RIL's tower arm

  • Proceeds from the investment will be used to repay certain existing financial liabilities of Reliance Jio lnfratel
  • This is the single largest foreign investment in an Indian infrastructure vehicle, RIL said

Jio had reported a profit of  ₹840 crore for the March quarter on an operating revenue of  ₹11,100 crore (Mint file)
Screengrab of a Garib Rath Express (Youtube )
Elon Musk.  (Reuters )
A file photo of IndiGo chief executive Ronojoy Dutta
Last fiscal year, the company reported its first positive free cash flow in a decade (AFP file)
Hyundai Motor India CEO Seon Seob Kim with the Kona SUV.
Shares of Vodafone Idea fell 5.4% on Thursday. Photo: Reuters
Haleja also brought to light the fact that there was an issue of serious floods in Assams which had further slowed down the NRC process.
Haleja also brought to light the fact that there was an issue of serious floods in Assams which had further slowed down the NRC process.

SC adjourns hearing in case to re-verify, extend NRC deadline

  • NRC State Coordinator Prateek Haleja apprised the court that during the sample verification, around 80 lakh people were automatically re-verified
  • The NRC exercise is aimed at identifying illegal immigrants in Assam, mostly making their way from Bangladesh

The investment is part of the group's ongoing  ₹45,000-crore capital expenditure programme (Reuters file)
The investment is part of the group's ongoing 45,000-crore capital expenditure programme (Reuters file)

JSW Steel ramps up tinplate production, takes on Tata Steel

  • The company has invested close to 1,000 crore in its Tarapur unit in Maharashtra to roll out JSW Platina
  • Once all units are operational, JSW Steel will have an installed tinplate capacity of 600,000 tonnes

India’s additional clean energy investment requirement is of around $80 billion till 2022, growing more than three-fold to $250 billion during 2023-30 (Bloomberg file)
India’s additional clean energy investment requirement is of around $80 billion till 2022, growing more than three-fold to $250 billion during 2023-30 (Bloomberg file)

REC raises $650 million in international bond market

  • The bond issuance by REC followed the $1 billion bond issued by PFC in the international market last month
  • The bond issue comes at a time when power sector lenders are recalibrating their loan portfolio in the backdrop of India’s changing energy mix

Jio’s exponential growth has been driven by aggressive pricing (Mint file)
Jio’s exponential growth has been driven by aggressive pricing (Mint file)

Opinion | Reliance Jio’s surge

Reliance Jio has vaulted past Bharti Airtel to become the country’s second-largest mobile telephone company by user base

The major reasons behind the institutions opting for closure are less takers for the courses or colleges and shortage of funds. (Mint )
The major reasons behind the institutions opting for closure are less takers for the courses or colleges and shortage of funds. (Mint )

Over 75 engineering, technical colleges to shut down

  • The major reasons behind the institutions opting for closure are less takers for the courses
  • During the 2018-19 academic session, 54 colleges had chosen progressive closure, while the number of such colleges was at 106 during 2017-18

Suzlon did sell its German subsidiary Senvion S.A. in 2015 and refocused its energies on the Indian market. (Photo: Bloomberg)
Suzlon did sell its German subsidiary Senvion S.A. in 2015 and refocused its energies on the Indian market. (Photo: Bloomberg)

How wind market disruption drove Suzlon to financial ruin

  • Quantum of capacity additions and the pace of recovery is too slow for Suzlon’s comfort
  • Suzlon began missing payment obligations after a steep fall in volumes began eroding its revenues and earnings

Neuralink founder and CEO Elon Musk speaks in a still image from video provided by Neuralink, during a live-streamed event at the California Academy of Sciences in San Francisco on Tuesday (Reuters)
Neuralink founder and CEO Elon Musk speaks in a still image from video provided by Neuralink, during a live-streamed event at the California Academy of Sciences in San Francisco on Tuesday (Reuters)

Opinion | Is it possible to hack the brain to make us immortal gods?

The brain-machine interface is a response to billionaire concerns. It attempts to mechanize human frailty and humanize machine villainy

With millions of phones shipping to India every year, people are buying a new phone almost every year, some even in six months
Sebi chairman Ajay Tyagi. (MINT)
Photo: iStock
The domestic FMCG business for the company reported a volume growth of 9.6% during the quarter. Photo: Ramesh Pathania/Mint
The domestic FMCG business for the company reported a volume growth of 9.6% during the quarter. Photo: Ramesh Pathania/Mint

Dabur India Q1 net profit up by 10.3%

  • Dabur’s performance across sectors remained stable
  • Dabur’s health supplements business registered a 19.6% growth during the quarter

A file photo of Arvind Subramanian, former chief economic adviser to the finance ministry
Provisions during the quarter increased 51.89% to  ₹213.18 crore, from  ₹140.35 crore in the year-ago quarter (Mint file)
Provisions during the quarter increased 51.89% to 213.18 crore, from 140.35 crore in the year-ago quarter (Mint file)

RBL Bank Q1 net profit rises 40.5% to 267 crore

  • Net interest income increased 47.88% to 817.32 crore during the quarter, against a year ago
  • Gross NPAs, as a percentage of total advances, were at 1.38% in the June quarter, and 1.40% in the year-ago period

A file photo of a Mahindra Reva plant. India’s largest EV maker Mahindra has committed over  ₹1,000 crore to build manufacturing lines for EVs and powertrains in Maharashtra and Karnataka.
A file photo of a Mahindra Reva plant. India’s largest EV maker Mahindra has committed over 1,000 crore to build manufacturing lines for EVs and powertrains in Maharashtra and Karnataka.

Auto firms take cue from govt, gear up for future beyond petrol, diesel

  • Automakers move to tap emerging market on govt push to turn India into an EV manufacturing hub
  • Hyundai plans to set up a lithium-ion battery plant for its affordable EVs for the Indian market

 (Photo: Mint)
(Photo: Mint)

IndiGo crisis: What is at stake?

  • The shareholder dispute could dent investor confidence, delay decision making on key issues and invite avoidable regulatory attention
  • The shareholder spat has come out at a time IndiGo needs to focus attention on making gains in a market that has suffered the demise of Jet Airways

Bollywood star Salman Khan (Mint file)
Bollywood star Salman Khan (Mint file)

Salman Khan to endorse Somany Ceramics

  • The brand campaign with Khan will come with the tag line ‘Zameen se Judey’ and revolve around the idea, ‘no matter how high you soar or how successful you are, you should always remain grounded’
  • The company is planning aggressive expansion across the country

Dabur India's new chairman Amit Burman. (Pradeep Gaur/Mint)
The Netflix logo is seen on their office in Hollywood, Los Angeles, California. (Reuters)
The Netflix logo is seen on their office in Hollywood, Los Angeles, California. (Reuters)

Netflix's challenge in India: Cheaper rivals

  • The intense competition could derail Chief Executive Officer Reed Hastings’s goal of 100 million customers in India
  • The world’s second-most populous country is a priority for the streaming service, which is effectively blocked in China

 (Bloomberg)
The development is expected to ease the ongoing investigation and the effort to return the money of thousands of investors.
The development is expected to ease the ongoing investigation and the effort to return the money of thousands of investors.

Bengaluru ponzi scam prime accused arrested

  • Khan, who is accused of perpetrating financial fraud worth crores in Bengaluru, was absconding for a month
  • Khan was arrested from Delhi airport where arrived from Dubai

The study published in the journal 'Behaviour and Information Technology'. Photo: Bloomberg
The study published in the journal 'Behaviour and Information Technology'. Photo: Bloomberg

Is your Facebook profile making you depressed?

  • Most people use Facebook to share the best glimpses of their lives
  • However, studies have claimed that self-esteem takes a hit as it seems that everyone is better than them

The Lion King (AP)
Twitter has been testing the new design for about a year now (Reuters file)
Twitter has been testing the new design for about a year now (Reuters file)

Twitter’s desktop redesign takes cues from its mobile app

  • As part of the new change, the navigation bar has been moved to the left of the screen and users with multiple accounts can switch from one to the other from there
  • Twitter is also adding the Explore option from the mobile app, which allows one to browse through trending hashtags and topics

The government has started implementing initiatives for faster adoption of EVs. (Pradeep Gaur/Mint )
Prime Video penetration is 15% as compared to 13% of Netflix. (Photo: Indranil Bhoumik/Mint)
In recent years, the popularity of Netflix has been a chief reason for the accelerated drop in cable subscriptions and viewers tuning out traditional live TV. (Photo: AP)
In recent years, the popularity of Netflix has been a chief reason for the accelerated drop in cable subscriptions and viewers tuning out traditional live TV. (Photo: AP)

Netflix, welcome to ratings hell

With last quarter’s weak showing, the video-streaming service gets to experience what the media giants went through

FaceApp is displayed on an iPhone. (AP)
FaceApp is displayed on an iPhone. (AP)

FaceApp sparks worry over privacy of photos

  • Some users fear that FaceApp's access to photos on their smartphones is a giveaway of privacy and personal information
  • While the app does not state that it downloads the photo, it is not unusual for a company to do so, according to a report

The curriculum judiciously blends courses from business functions, performance analytics and transformation technologies. (Photo: PTI)
The curriculum judiciously blends courses from business functions, performance analytics and transformation technologies. (Photo: PTI)

IIT Madras to offer tech MBA programme for undergraduates

  • Students taking tech MBA programme will be awarded two degrees
  • The programme aims to impart business acumen to engineering students

The stock was cut to neutral from buy at Phillip Securities and cut to add from buy at Centrum Broking. (Photo: iStock)
Boeing warned that the timing of a return to service could change. Photo: Bloomberg