The exuberance in the bond market may see a longer-than-expected run

• The government’s announcement that it is willing to borrow offshore was a key trigger to bring yields down
• Expectations on these too have coaxed investors to buy more. What’s more, globally bond yields are ultra low, even negative

TikTok parent eyeing content startup deals in big push into India

• ByteDance plans to replicate its China playbook in India by creating a bouquet of apps
• The move comes at a time when several Chinese funds are turning their attention to startups in India, as its domestic consumer internet market slowly hits saturation

IndiGo, in middle of a storm, may fly with more directors

• Proposal to increase board strength to a dozen from the current six will be taken up on Friday
• The plan to add more directors follows allegations of corporate governance violations against co-founder Rahul Bhatia by his estranged partner, Rakesh Gangwal

BS VI petrol, diesel likely to pinch more due to higher refining costs

• The price rise may be between a few paise and ₹2, which is likely to be charged as a special cess or duty
• In 2016, the govt decided to meet the global best practices and leapfrog to BS VI norms, skipping BS V

ICJ to decide Kulbhushan Jadhav's fate today. Key things to know about the case

• Kulbhushan Jadhav was captured by Pakistan in 2016 and accused of being a spy fomenting trouble in Pakistan’s restive Balochistan province
• ICJ on 18 May, 2017 had restrained Pakistan from executing Jadhav till the adjudication of the case

India plans to change all electricity meters to prepaid smart meters by 2022

• The plan comes at a time when the new government is trying to step up its efforts to supply 24x7 power to all
• The government believes that the plan will increase distribution substation capacity by 38% by 2022

Vistara pilot who issued 'Fuel Mayday' call grounded by aviation regulator

• The pilot who was operating UK944 flight and issued a 'Mayday' call on Monday has been grounded by DGCA, said sources
• Vistara official confirmed that the pilot has been 'de-rostered' as per the instructions of DGCA

Best yet to come, says Azim Premji at last AGM as Wipro chief

• The mood at Wipro’s 73rd AGM was sombre. But Premji went about the proceedings clinically
• Premji will pass the baton over to his son Rishad in July-end after leading the charge at the company for over five decades

STFC NCD issue opens today. Should you buy?

• Non-convertible debentures carry high risk and are taxed at slab rates
• Investors can look at debt funds instead as they are more tax-efficient and less risky than NCDs

No changes made in ITR forms, only utility software updated, clarifies CBDT

• CBDT issued a statement saying the updating process of these forms' utility software does not hamper the filing of returns, the deadline for which is 31 July
• CBDT explained that the updation in the utility of ITR forms is based on feedback and mainly aimed at easing compliance burden of taxpayers

Warburg Pincus co-CEO Joseph Landy to step aside

• Landy will transition out of the co-CEO role over the next year, according to a newspaper report
• Charles Kaye, co-chief executive and Landy's partner, will take over as the sole CEO of the PE firm

Rate cut hopes see bond yields diving  to  lowest since December 2016

• The plan for an overseas bond issue is likely to reduce supply of bonds in India and thus impact their prices
• Falling bond yields globally, amid expectations of the US Federal Reserve adopting a dovish stance, also influenced domestic yields

Govt’s new buyback tax set to hit MF investors, shareholders alike

• The new buyback tax coupled with dividend tax may lower the return from various equity investments
• Investors should keep a close eye on how companies and fund managers react to the new buyback tax

Retail investors can also participate in the primary market issues of G-secs

• The securities are issued through competitive bidding in auctions conducted by RBI and the participants include banks, primary dealers and other institutions
• To facilitate and encourage retail participation in these auctions, 5% of the notified amount in each auction is reserved for retail investors through a non-competitive bidding process

US mulls increasing merit-based immigration to 57%. Will it help Indian techies?

• Jared Kushner said new US immigration policy would attract talented and meritorious people from across the world
• According to Kushner, the new immigration system will enhance social diversity

Bond yield extend fall as tariff threat hurts oil

• Rupee opened little changed against US dollar to 68.76
• The bond prices gaining already on the expectation of deeper rate cuts

Anand Mahindra to ban plastic bottles from boardrooms, takes advice from Twitter

• Anand Mahindra replied to a woman who pointed out the plastic bottles at a boardroom meeting in the picture
• He said he would ban plastic bottles from corporate boardrooms

Trump threatens to take a look at Google's 'treasonous' ties with China

• Peter Thiel suggested that the US government must probe Google’s 'seemingly treasonous' work
• Donald Trump said he wanted the US attorney general to look into the claims

L&T CEO Subrahmanyan, two others board Mindtree at AGM

• L&T assures Mindtree shareholders that firm will be kept independent, agrees to hefty dividend payout
• Besides the CEO, L&T’s R. Shankar Raman and Jayant Patil were appointed to Mindtree’s board

Blume Ventures, others invest in procurement startup Procol

• The company had achieved a first close of $40 million in October last year
• Blume Ventures is currently investing from its $80 million third fund

Indian democracy’s power-sharing problem

• This power-sharing among the different groups, though, has not happened in India, suggests a study by Katharine Adeney and Wilfried Swenden
• To show this, the authors analyse different political and administrative institutions in India

How much tax do you pay on debt-related investments

Here’s a look at the tax rules that apply to some debt-related investment products

US hedge fund Steadview goes aggressive on Indian startups

• Fund plans to invest $500 million in growth-stage consumer internet startups over the next two years
• During the period, it barely invested even in its existing portfolio’s follow-on rounds

Govt to launch portal to help Jet Airways' staff find jobs at other airlines

• The Civil Aviation Ministry is in touch with SpiceJet and IndiGo to assist Jet staff get employment
• Every employee would be listed on the portal and the prospects for their re-employment or employment will be facilitated by the government, said Civil Aviation Minister Hardeep Singh Puri

Why is the rate of failure of airlines so high in India?

• Airlines now need to operate only 20 aircraft on local routes to start flying overseas
• Government allows 100% foreign investment in airlines

How government taps the super rich in its efforts to help the poor

• PM’s categorization of the population into 2 classes of poor and well-off is defining the nation’s economic policies
• The reaction to the surcharge increase has been mixed

Government to invite expressions of interest for Air India by August

• Govt will conduct road shows and is open to meet prospective buyers before the expressions of interest are sought
• The plan is being prepared after the government’s attempt to partially exit the carrier failed to attract any bidder last year

Lenders to DHFL ready for haircut in rescue

• Any rescue package will require regulatory approvals and needs the backing from debtholders
• DHFL's plight underscores growing financial sector stress as state banks grapple with nearly $150 billion of bad debt

I have no desire to sell my stake in IndiGo, here for the long haul: Gangwal

• The co-founder of IndiGo says he'll maintain his stake amid a feud with his partner Rahul Bhatia
• The primary reason for the fight is the controlling rights held by Bhatia, which Gangwal alleges allows his partner to push through related-party transactions in violation of rules

Opinion | The advent of inclusive family welfare policies

Several corporations have decided to extend welfare benefits to their employees’ partners regardless of their marital status and sexual orientation. The idea deserves to catch on

Indus plans to host EV charging units across its vast network of telecom towers

• The move will let Indus secure a unique revenue stream outside the traditional model of renting towers to phone firms
• The move will allow the company to secure a unique revenue stream outside the traditional model of renting out its towers to mobile phone operators

Creditors’ panel to vote on $10 mn interim fund for Jet tomorrow

• The NCLT will hear the insolvency case and the progress report by the insolvency resolution professional (IRP) on 23 July
• Jet Airways has not flown since 18 April because of funding woes

Progressive taxation will help bring down income inequality

• The govt’s focus on rationalizing corporate tax rate is the need of the hour for Indian economy
• In a dynamic economy, some sectors may need to be incentivised.

You can transfer right of undivided house

• You can transfer a certain percentage, say, 25% undivided right, title and interest in the property in favour of your friend by way of a gift
• This will safeguard your interest of protecting the property from your relatives

Modi warns BJP MPs yet again for skipping House proceedings

• PM Modi has asked to be informed if ministers or MPs skip their duty, say senior party leaders
• This is not the first time when Modi has cautioned BJP MPs to attend Parliament proceedings

Foreign portfolio investors bear the brunt of taxation flip-flops

• Progressive taxation is often used mitigate societal ills associated with income inequality
• Options for FPIs to rework their structure is impractical and unwieldy

In downward spiral, Congress faces crises across states

• Party faces defections, turf wars across Karnataka, Goa, Telangana, Delhi and Punjab
• The crisis since Rahul Gandhi’s resignation began with 12 of its 19 Telangana MLAs merging with the TRS

Debt mutual funds also need a ‘Sahi Hai’ moment

• The key risks associated with debt funds include interest rate risk, credit risk and liquidity risk
• Interest rate risk is triggered due to change in interest rates which generally has an inverse correlation to returns

Govt readies nationwide genome analysis plan in bid to reduce disease burden

• Genetic resource helps develop base- line data on ethnic groups for disease susceptibility
• The aim is to improve disease management with more genetic labs & trained personnel

Oyo Hotels acquires Innov8, expands co-working space business

• The acquisition of Innov8 highlights Oyo’s increased focus on the fast-growing co-working space segment
• OYO Workspaces is set to open the door to its more than 21 workspaces, with over 15,000 seats

Mutual funds meet on DHFL debt issue

• This is because, unlike banks, they represent unit holders and manage money which is given in trust to them
• AMCs felt that adequate safeguards for them would have to be put in the ICA

Cong ‘loyalists’ form group to address loss in Telangana polls

• Political analyst Palwai Raghavendra Reddy said the Congress will be revamped across the country, including in Telangana
• Ever since the electoral losses, there has been anger within the party against TPCC president

Opinion | The contours of a sustainable disinvestment platform

We need a Temasek-like entity that functions independently of its owner, the government

Adani Ports begins buyback of $650 million bonds due next year

• Adani Ports is buying back the $1,000 bonds for $1,009.5 apiece
• The plan under which Adani Ports is buying back $1,000 bonds at $1,009.5 each will close on 24 July, a statement said

Contract notes record stock market transactions

The format and content of a contract note is specified by the Sebi and it should clearly identify the client and mention the unique client code assigned by the member

MyMoneyMantra raises ₹104 crore from Vaalon Cap

• As part of the deal, Vaalon Capital have representation on MMM’s board
• MMM will use the funds to expand its footprint

Commercial vehicles among the worst placed in auto slowdown

• Commercial vehicles among the worst placed in auto slowdown
• This is worrisome given that there was a drop in inventory in two-wheelers and passenger vehicles