The pressing need to recode the IBC

• Despite repeated changes, IBC has failed to live up to expectations. What should IBC 2.0 look like?
• The govt is taking steps to improve the efficacy of IBC by increasing the number of NCLT benches and insolvency professionals, and running awareness campaigns

Fairfax-backed CSB Bank’s IPO gives little room for a listing pop

• CSB Bank will put up 21 mn shares for sale via an IPO, whose objective is just to tick off regulatory compliance
• Nearly 96% of the shares up for sale are from existing shareholders through an offer for sale

After junking report on consumption, NSO now looks for reasons

• NSO has asked all regional offices to highlight issues raised by field inspection staff during the survey
• An international group of 201 economists put out a statement protesting the report’s suppression

Should you choose a mutual fund that invests in your favourite foreign brands?

• Sundaram Global Brand Fund is country-agnostic and does not force you to pick a market like the US, Europe or China
• Among the various international funds investing out of India, the best performer is also a passive fund the Motilal Oswal Nasdaq ETF which delivered 22.05% over the past 5 years

Subhash Chandra stays on at helm of Zee, for now

• Institutional investors buy 15.7% in firm, reducing founder’s stake to 5%
• ZEEL promoters raised ₹4343.18 cr which will be used to repay creditors to whom Chandra had pledged shares

RBI’s DHFL takeover took banks by surprise

• RBI’s Wednesday move came after a meeting with DHFL executives, who had turned up with a revised resolution plan
• The RBI also named an administrator to run the shadow lender under its newly acquired powers, worried that a delay might lead to further deterioration of DHFL’s assets

Sensex off to a weak start; Bharti Airtel, Infosys among top losers

• The consolidation phase below 12,000 (for Nifty) continues: Analyst
• Most Asian markets were higher today

Stocks to Watch: RIL, Infosys, Maruti Suzuki, Zee Entertainment, Tata Power

• Zee shares will be in focus as promoter Subhash Chandra sold 16.5% stake in the media conglomerate to financial investors
• Shares of Network18 may be in limelight as Promoter RIL is in talks with Sony to sell stake in entertainment channels

Saudi Aramco order book reaches 73 billion riyals so far

• Some 1.8 million retail subscribers have injected more than 14 billion riyals into the IPO so far
• Institutional subscriptions amounted to 58.4 billion riyals and 1.82 billion subscribed shares

Uber hopes for a bounce in two-wheelers

• Uber is looking beyond four-wheelers in India, and is developing a plan to add more mobility options on its app
• Bounce allows commuters to pick and drop its scooters or motorcycles anywhere within city limits

WeWork says it's cutting 2,400 jobs globally

• They will receive severance and continued benefits and other forms of assistance, WeWork said in an email
• The job cuts represent almost 20% of the company’s global workforce, which totaled 12,500 as of June 30.

Infosys troubles: Mohandas Pai says company should stop resorting to rhetoric

• The comments come in the wake of the scrutiny at Infosys following yet another whistleblower allegation on the veracity of the accounts
• Ask him or ask god...investors can draw their own conclusions: Mohandas Pai

Ahmedabad-Mumbai bullet train project may hit roadblock

• If the Cong-NCP-Sena combine comes to power in Maharashtra, it may inform the Centre that the state govt will not bear the cost of the project
• The 508-km Ahmedabad-Mumbai high speed train project is slated to be completed by 2023

Why investors are less enthused about deferment of telecom dues

• Spectrum and licence fee constitute a significant part of telcos’ costs
• Moratorium on telcos’ spectrum instalments and tariff hikes will help improve cash flows

Wipro bets big on acquisitions to bolster its digital business

• Acquisitions such as Designit, International TechneGroup amplify capabilities, says head of firm’s digital biz
• Digital is a crucial part of Wipro’s biz, contributing nearly 40% of total revenue in the Sep quarter

Tech Mahindra, Business Finland ink MoU for R&D in 5G, 6G technology

• Tech Mahindra will develop, pilot and implement state-of-the-art digital products and services to foster growth, productivity and innovations in the area of 5G and 6G
• As part of the partnership, Tech Mahindra will set up an innovation lab in Finland to foster growth and innovation

JLR chief executive wants alliances, not merger

• JLR chief Ralf Speth says the automaker feels the pressure" from demands to slash carbon emissions and develop electric vehicles
• Speth also says JLR is ‘always open’ to discussions of technology alliances and component sharing with other companies

Not gold or silver. Price of this metal up 40% this year but miners in a dilemma

• Miners face a conundrum: increasing palladium and rhodium output to take advantage of soaring prices risks depressing the already fragile market for sister metal platinum.

CSB Bank raises ₹184 crore from anchor investors ahead of IPO

• The shares have been sold to anchor investors at ₹195 apiece –the upper end of the IPO price band
• Fairfax-backed private sector lender, which will launch its IPO today

Delhi ATM: ₹80 lakh robbed from cash van

• The ATM cash van had a total of ₹1.52 crore but as per the information ₹80 lakh was found missing
• The robbers allegedly hijacked the van along with the driver and security official

IIM student gets ₹4 lakh stipend for 2 months internship

• The average stipend at IIM Indore is ₹1.68 lakh for a two-month long internship
• 589 students participated in the placement process for summer internship being attended by over 160 employers

SpiceJet temporarily moves Shirdi flights to Aurangabad

• SpiceJet operates daily flights to Shirdi from Delhi, Hyderabad, Chennai, and Bengaluru
• Between November 22-26, all the flights operating from and to Shirdi airport will be operated from and to Aurangabad airport

Microsoft delays its AirPods rival until after the key holiday season

• The Surface Earbuds will come out in spring 2020, not this year as previously planned
• The Microsoft version has a circular shape, integrates with a voice assistant and can be used to control Microsoft software like PowerPoint

Israel PM Benjamin Netanyahu charged with corruption

• Netanyahu, who strongly denies all the charges, becomes the first Israeli prime minister to be indicted while in office
• The indictment comes as Israel faces a potential third election in a year, with neither Netanyahu nor his main rival able to form a government after deadlocked elections

Getting people to visit live cricket is a challenge, says Rahul Dravid

Rahul Dravid cited high resolution televisions and the convenience of watching at home as key reasons

Syska Mosguard LED bulb promises to keep mosquitoes away from your room

• Syska Mosguard comes with 2-in-1 modes
• Syska Mosguard LED bulb is designed for indoor use

Petrol, diesel price gap widens by ₹1.5 this month. Check today's rates

• So far in the month, the price of petrol has went up by ₹1.49 a litre while that of diesel has gone up by just 4 paise a litre
• In Mumbai, petrol price has crossed the ₹80 mark while in Gurgaon it is touching ₹74

CSB Bank IPO opens today: Key things to know before you invest

• Gold loans constituted a major portion of advances of CSB Bank (formerly known as Catholic Syrian Bank)
• The bank has returned to profit for the first half of the fiscal

Maruti Suzuki to bring BS-VI petrol version of Brezza, S-Cross by March end

• Auto manufacturers will have to wait for another two-three months to say if the automobile industry has come out of slowdown, said Shashank Srivastava of Maruti Suzuki
• The new Bharat Stage (BS) VI fuel emission norms are set to kick in from 1 April 2020

H1-B visas: 23% new petitions denied in 2019, says MEA

• The MEA said according to US CIS statistics a total 116,031 new H-1B petitions were processed and completed in fiscal year 2019
• Indian nationals account for 70% of all H-1B visa issued, even though the share of Indian IT firms in the H-1B visa is relatively small

There may be a reason why stock markets are ignoring the economy

• Output of core infrastructure industries shrank by 5.2% in September 2019
• Most high quality large cap stocks have benefited from the lower tax rate, said an analyst

Expect completing divestment of BPCL in FY20: Dharmendra Pradhan

• The government has decided to promote divestment to boost professionalism
• Numaligarh Refinery has been carved out of BPCL’s privatisation due to Assam Accord, Pradhan said today

Galaxy S11 may come with 120Hz display and support 8K video recording

• As per a recent report, Galaxy S11 would arrive in the third week of February 2020
• Qualcomm's upcoming Snapdragon 865 chip, which will power the US variants of the S11, is also expected to have enough horsepower to offer 8K video recording

FASTag rule at toll plazas: Price, how to purchase, recharge, other details

• If you cross a toll plaza from December 1 without a FASTag on your vehicle, you will be charged double the toll tax
• Here is how to buy a new FASTag for your vehicle and how to recharge it online