Finance minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget Session of Parliament, in New Delhi on Thursday (PTI)
Finance minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget Session of Parliament, in New Delhi on Thursday (PTI)

Foreign investors could register as companies to get tax relief: Sitharaman

  • Sitharaman increased taxes on anyone earning an annual incomes of more than 2 crore that will also cover trusts
  • The new rate will include 25% surcharge on income between 2 crore and 5 crore, and 37% on income exceeding 5 crore a year

Under Rana Kapoor, the total assets of the bank grew at a compound annual growth rate of 34% in the 10 years through March 2018 (Mint file)
Under Rana Kapoor, the total assets of the bank grew at a compound annual growth rate of 34% in the 10 years through March 2018 (Mint file)

Rana Kapoor loses $1 billion as Yes Bank shares slump 78% since August

  • Kapoor owns just over 10% of Yes Bank shares, including through his two holding companies, Yes Capital (India) Pvt and Morgan Credits Pvt
  • Last year, he pledged never to sell his shares, vowing to pass them on to his daughters

Sebi has revised the disclosure requirements for listed banks. Photo: Reuters
Sebi has revised the disclosure requirements for listed banks. Photo: Reuters

Sebi tweaks disclosure norms for listed banks

  • The changes made in the disclosure norms are in line with the revised RBI requirements
  • As per the circular, listed banks will have to disclose to the stock exchanges divergences in the asset classification

If Wipro continues to disappoint on growth, investors will have face the prospect of capital losses on their investment.
RIL will report its first quarterly earnings on Friday (Mint file)
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 (Photo: iStock)
(Photo: iStock)

Fifth CPSE ETF tranche set to open tomorrow

  • The 2019 budget has proposed to include CPSE ETFs in the ELSS category that is eligible for tax deduction, but past returns have not been inspiring
  • Since CPSE ETFs may now come in the ELSS category, investors may have to contend with a three-year lock-in

Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget Session of Parliament, in New Delhi on Thursday,  (PTI)
Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget Session of Parliament, in New Delhi on Thursday, (PTI)

Seven indirect tax related laws being amended: Nirmala Sitharaman

  • The government would also be bringing changes to seven laws related to direct taxation
  • Nirmala Sitharaman said amendments to laws are being made through the Finance Bill in five major categories, including in GST

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As part of the agreement, some of eBay’s inventory will be made accessible on Paytm Mall.
ITR Filing
MG Hector was launched last month priced between  ₹12.18-16.88 lakh. (Bloomberg)
No US airlines allowed it and, in 2018, Congress barred the use of cellphones for calls during flights.
No US airlines allowed it and, in 2018, Congress barred the use of cellphones for calls during flights.

Are mobile phones a flight danger? They are on these Boeing jets

  • Passenger cellphones could pose a crash threat to some models of Boeing 737 and 777 airplanes
  • Many airlines now permit passengers to turn their phones to “airplane mode,' which allows Wi-Fi transmissions

India typically receives 75% of its annual rain from the June-September monsoon as moisture-laden winds sweep in from the southwest of the peninsula
India typically receives 75% of its annual rain from the June-September monsoon as moisture-laden winds sweep in from the southwest of the peninsula

Monsoon rains 20% below average in past week, raising crop worries

  • India has received 16% below average rain since the monsoon season began on June 1
  • Monsoon rains turned patchy over the central, western and southern parts of the country, raising concerns over the progress of crop plantings

P Rajagopal had surrendered before a local court to serve life sentence in a murder case and had been shifted to Vijaya Hospital. (ANI)
P Rajagopal had surrendered before a local court to serve life sentence in a murder case and had been shifted to Vijaya Hospital. (ANI)

Saravana Bhavan founder P Rajagopal dies in Chennai

  • Saravana Bhavan owner P Rajagopal died at a private hospital in Chennai
  • He was sentenced to life imprisonment in a murder case

Plain Facts

Before filing your tax returns this year, calculate and pay self-assessed tax

  • Taxpayers are required to pay tax on the consolidated income from all the five sources of income—income from salary, business and profession, house property, capital gains and other sources
  • Tax can be paid either offline at designated branches of banks empanelled with the I-T department, by filling up challan 280 or online through Incometaxindia.gov.in

Netflix's announcement was part of its quarterly results, in which it reported lower-than-expected subscriber additions. (AFP)
Netflix's announcement was part of its quarterly results, in which it reported lower-than-expected subscriber additions. (AFP)

Netflix to roll out cheaper mobile-only subscription plan in India

  • Netflix's new subscription plan is aimed at battling cheaper offerings from rivals such as Amazon Prime Video and Hotstar
  • Netflix currently offers three monthly plans in India, priced between 500 rupees and 800

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

The plan to reform India’s babudom

8 min read . 01:15 AM IST
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

11 min read . 16 Jul 2019
Richard Branson, president, Virgin Atlantic (Photo: Mint)

Business dreams powering a lunar race

9 min read . 16 Jul 2019
The tiger has entered a house and is relaxing on a bed. (ANI )
The tiger has entered a house and is relaxing on a bed. (ANI )

Flood fury forces Kaziranga tiger to take shelter in shop

  • Several famed one-horned rhinoceros and other animals have reportedly died in the floods
  • Over 95% of the Park is submerged, rendering animals shelterless and forcing them to look for refuge in human habitations

Silver lining for the farm sector (Mint file)
Algos scour social media for clues to Bitcoin price movement
 (Mint file)
For indigenous craft beer brand Bira 91, the recent tournament emerged as its biggest ever advertising platform as it forays into the UK market
Every month, the IGD would transfer the equivalent of 1% of India’s GDP per capita. (Photo: Reuters)
Former Union minister Arun Jaitley launched a scathing attack on Pakistan’s subversion of diplomatic norms, in Kulbhushan Jadhav’s case. (Reuters)
Former Union minister Arun Jaitley launched a scathing attack on Pakistan’s subversion of diplomatic norms, in Kulbhushan Jadhav’s case. (Reuters)

Arun Jaitley slams Pakistan’s subversion of diplomatic norms in Kulbhushan case

  • Jaitley, who had served as the Union defence minister in 2017, debunked claims by Pakistan of the judgment being a victory for the neighbor country
  • External affairs minister Subrahmanyam Jaishankar has now pressed for repatriation and release of Kulbhushan Jadhav

Samsung Galaxy Note 9. (Image for representational purposes only)
In the second quarter, IBM reported revenue growth of 3.2% in cloud and cognitive solutions
In the second quarter, IBM reported revenue growth of 3.2% in cloud and cognitive solutions

The focus now shifts to IBM's 'game changer'

  • After lagging in the cloud market for more than a decade, IBM is pegging its future to a hybrid cloud strategy
  • IBM CEO Romet Ginnity paid a rich premium for Red Hat in order to help the company catch up with cloud market leaders

(L to R) Renders of Samsung Galaxy A80, A70 and A40. (GSMArena)
While the peers are talking about sustainability or acceleration in growth momentum, Wipro is alluding to a flat performance. (Photo: Mint)
While the peers are talking about sustainability or acceleration in growth momentum, Wipro is alluding to a flat performance. (Photo: Mint)

Wipro’s struggle with growth will leave investors unimpressed

  • Management is hopeful that healthy deal pipeline will strengthen growth in rest of the fiscal year
  • Softness in BFSI, and delays in ramp-up of projects weighed on the revenue growth

The Railway Board proposes to run the train three days -- Monday, Thursday and Saturday.
The Railway Board proposes to run the train three days -- Monday, Thursday and Saturday.

Railways await PMO nod for Delhi-Katra Vande Bharat Express

  • The train will cut down the travelling time between Delhi and Katra by over five hours
  • The official said the route was identified by the Railway Board in order to capitalize on the high traffic volume

The company received an overwhelming response for the newly launched GIXXER SF series with lot of anticipation about the MotoGP colour,
The company received an overwhelming response for the newly launched GIXXER SF series with lot of anticipation about the MotoGP colour,

Suzuki Motorcycle launches MotoGP edition of GIXXER SF series priced 1.1 lakh

  • The GIXXER SF MotoGP edition is powered by a 155cc, four-stroke, single-cylinder fuel injection engine
  • It will have the same livery theme along with Suzuki Racing Blue colour taking cues from the 2019 edition of Suzuki MotoGP machine

BSP chief Mayawati. (AFP)
Manu Jain, vice-president, Xiaomi, and managing director, Xiaomi India.
Manu Jain, vice-president, Xiaomi, and managing director, Xiaomi India.

Xiaomi eyes premium smartphone segment

  • Firm launches the Redmi K20 Pro at 30,999, its most expensive phone yet
  • Entry  into premium segment is triggered by the intent to launch a product at an affordable price

Expense ratio is deducted from the corpus of the fund on a daily basis (as a tiny fraction of the annual expense ratio). (Mint)
Mutual Funds primarily invest in equity (stocks) or debt (bonds). (iStock)
Mutual Funds primarily invest in equity (stocks) or debt (bonds). (iStock)

Why picking the right mutual fund is key in a tough market

  • The “mutual funds sahi hai” (mutual funds are good) catchline hasn’t amused investors, given their poor returns in the last two-three years when the industry faced setbacks
  • Mint analyses the reasons for the lacklustre performance of the funds and suggests what you should do

OPPO A9 runs Android 9.0 Pie, which is based on ColorOS 6.0 and houses a 4020mAh battery
OPPO A9 runs Android 9.0 Pie, which is based on ColorOS 6.0 and houses a 4020mAh battery

OPPO A9 launched in India for 15,490, check features

  • OPPO A9 is powered by an octa-core MediaTek Helio P70 processor along with Mali-G72 MP3 GPU and is backed by a 4GB of RAM and 128GB of internal storage
  • OPPO A9 has 16 MP 2 MP rear dual camera setup and a 16MP front camera for selfies

Indian airlines are now on an expansion spree despite Jet Airways India Ltd suspending operations on account of bankruptcy in April.
Indian airlines are now on an expansion spree despite Jet Airways India Ltd suspending operations on account of bankruptcy in April.

GoAir announces new domestic, international flights

  • GoAir managing director Jeh Wadia the airline has embarked on an aggressive expansion plan
  • The airline currently operates about 285 flights a day to 24 domestic destinations and has four international services

Netflix, known for its original shows such as
Netflix, known for its original shows such as "The Crown" and "Orange is the New Black," said the latest shows did not attract as many subscribers. (Photo: Reuters)

Netflix shares slide on disappointing subscriber growth

  • The video streaming app has dded 2.7 million new subscribers globally in the April-June period
  • Subscriber growth reignited in the opening weeks of the current quarter, executives said

Reports suggest that Samsung Galaxy Tab S6 would have either 256GB or 128GB of internal storage. (Reuters)
Reports suggest that Samsung Galaxy Tab S6 would have either 256GB or 128GB of internal storage. (Reuters)

Samsung Galaxy Tab S6 specifications leaked online

  • A set of leaked images hit the web showing off Samsung Galaxy Tab S6 with its stylus
  • The Galaxy Tab S6 would come with four AKG-tuned speakers -- two each at the top and bottom without any headphone jack

Nellore: A view of the Chandrayaan-2 on board GSLVMkIII-M1 at Satish Dhawan Space Centre in Nellore district, Saturday, July 13, 2019.  (Photo: PTI)
BJP state president B S Yeddyurappa. (PTI)
File photo of CARE Ratings MD and CEO Rajesh Mokashi.
Dhruv Shringi, co-founder and CEO of Yatra Online.
Kulbhushan Jadhav (PTI file)

Apple, Google's new emojis reflect an inclusive push

  • Apple, Google are rolling out dozens of new emojis that include cute critters, of course, but also expand the number of images of human diversity
  • Apple and Google unveiled their designs on Wednesday to coincide with World Emoji Day

The company’s employee attrition rate crossed 15% on a trailing 12-month basis (Photo: Aniruddha Chowdhury/Mint)
A file photo of a Tata Motors plant. Tata Chemicals plans a factory to make lithium-ion cells, which will augment Tata Motors’ ambitions to build a sustainable EV ecosystem. (Reuters )
A file photo of a Tata Motors plant. Tata Chemicals plans a factory to make lithium-ion cells, which will augment Tata Motors’ ambitions to build a sustainable EV ecosystem. (Reuters )

Tata Chemicals may make lithium-ion cells

  • Firm said to have acquired land in Dholera town of Gujarat for the factory
  • Tata Chemicals will play a key role in Tata Motors’ plan to devise an EV ecosystem in India

Zomato on Wednesday took to Twitter to take up the cause of urging users to save water. (AFP)
Zomato on Wednesday took to Twitter to take up the cause of urging users to save water. (AFP)

Zomato says save water to make tea, Twitter in splits

  • The food-delivery platform tweeted 'SAVE WATER. Otherwise chai kaise banaoge?'
  • Some users took a jibe on Zomato for delivering non-vegetarian food instead of vegetarian order

Since the Libra would likely hold the dollar, euro and other major currencies as reserve assets, the impact could be significant in 'emerging market'. (Reuters )
Since the Libra would likely hold the dollar, euro and other major currencies as reserve assets, the impact could be significant in 'emerging market'. (Reuters )

Facebook's Libra prospects dim, but cryptocurrencies roll on

  • The plan by Facebook and its partners has generated skepticism from US lawmakers and G7 finance ministers
  • Facebook argues, and many experts agree, that if Libra fails, other digital currencies will gain traction

Bitcoin’s price has rebounded this year. (Reuters)
Bitcoin’s price has rebounded this year. (Reuters)

Smart money said ‘Skip Bitcoin, bet on blockchain.’ Not any more

  • While Bitcoin’s price has rebounded this year, a fresh batch of data shows the flow of cash into blockchain startups dropped
  • Traditional venture capital investments in blockchain companies have totaled $784 million via 227 deals, according to CB Insights

The maker of Omega watches expects a strong recovery in the second half
The aim of the move is to have healthy conversations on its platform, says Twitter (Photo: Reuters)
The aim of the move is to have healthy conversations on its platform, says Twitter (Photo: Reuters)

Twitter unveils 'Hide Replies' feature, global roll-out soon

  • The Twitter users will soon be able to hide replies in the conversation thread on the micro-blogging platform that are offensive, hateful or racist in nature
  • If your followers still want to see the hidden replies, they can press the icon and view those

The derailed train had departed from the Chhatrapati Shivaji Terminus and was going to Gorakhpur in Uttar Pradesh. (Photo: Mint)
US Commerce Secretary Wilbur Ross said the additional public funding could help establish new apprenticeship programs in the travel and tourism industry. (iStock)
US Commerce Secretary Wilbur Ross said the additional public funding could help establish new apprenticeship programs in the travel and tourism industry. (iStock)

H1-B visa: How the fees collected are being spent by the US government

  • The funding source is the fees companies pay to hire foreign workers under the H-1B visa program
  • The Department of Labor is expanding its apprenticeship programs

 (Photo: Reuters)
(Photo: Reuters)

Spotify launches an in-app Disney Hub to lure more fans

  • The Disney Hub places soundtracks from Disney's animated films, Marvel movies, "Star Wars" and other Disney properties in one place
  • Spotify said the hub will roll out additional content, although it did not specify if videos would be available