The IPO will help lower parent Bharti Airtel’s leverage only marginally (Reuters file)
US President Donald Trump. (AFP)
Modi government’s first budget will be on July 5 (Reuters)
Modi government’s first budget will be on July 5 (Reuters)

Narendra Modi's new budget key to reviving India's animal spirits

  • Exports grew 3.9% in May from a year ago, with a large part of the increase coming from non-oil products
  • Analysts expect the new Modi government’s first budget on July 5 to tweak fiscal levers to give a boost to the economy and get it back on a faster growth track

PNB fraud accused Nirav Modi (HT file)
Rishad Premji has so far been overseeing corporate strategy, which includes M&A, Wipro Ventures and investors relations, and Wipro’s government relations.
Rishad Premji has so far been overseeing corporate strategy, which includes M&A, Wipro Ventures and investors relations, and Wipro’s government relations.

Wipro splits Rishad’s role among three executives

  • While the CEO will oversee M&As, the CFO will handle Wipro Ventures
  • Rishad Premji is set to take over as Wipro chairman on 31 July after his father Azim Premji steps down

The MG Hector SUV sports a front grille with surrounding chrome accents, split LED headlamps with LED DRLs and LED fog lamps. Abhijit Bhatlekar/Mint
The MG Hector SUV sports a front grille with surrounding chrome accents, split LED headlamps with LED DRLs and LED fog lamps. Abhijit Bhatlekar/Mint

MG Hector SUV launched in India, prices start 12.18 lakh: Full pricing, specs

  • Starting at 12.18 lakh, the Hector comes in four variants—Style, Super, Smart and Sharp— and a total of 11 configurations
  • The SUV will takes on the likes of Mahindra XUV500, Tata Harrier, Jeep Compass, Hyundai Creta and the upcoming Kia Seltos

Mark to Market
View All
Airtel Africa, a unit of India's Bharti Airtel Ltd, last week set a price range of 80 to 100 pence per share for its IPO.
Airtel Africa, a unit of India's Bharti Airtel Ltd, last week set a price range of 80 to 100 pence per share for its IPO.

Airtel Africa to price London listing at bottom of range

  • Airtel Africa, a unit of India's Bharti Airtel Ltd, last week set a price range of 80 to 100 pence per share for its IPO
  • One of the bookrunners handling the sale said on Monday it had received indications of interest worth about $200 million from pre-IPO investors

Day’s most important news delivered to your inbox with our newsletters!

Subscribe for free
Piramal Capital’s debt rating was cut from AA+ to AA
(Photo: iStock)
(Photo: iStock)

What really matters to millennials, Gen Z

  • Travel and seeing the world is the top priority for 57% of millennials and members of Generation Z around the world
  • In its Global Millennial Survey 2019, Deloitte has mapped the changing life priorities of these two cohorts of young people

Long Reads

When is the right time to buy life insurance?

  • While the premiums might be low if you buy a term plan when you’re young, you will only need the coverage if you have dependants to look after
  • Of the life insurance products available, a term plan is the best if you’re looking for a cost-efficient protection plan

 (iStock)
(iStock)

Should you rush to create a private trust for the benefit of your family?

There is significant uncertainty even if assets are settled upon a trust

Plain Facts
With its e-commerce plans, Instagram is following in the steps of another Internet giant, Google. (AFP)
With its e-commerce plans, Instagram is following in the steps of another Internet giant, Google. (AFP)

Instagram threatening Amazon with its e-commerce plans

  • At present, the sector continues to be dominated by a few big players - mainly China's Alibaba and JD.com and US firms Amazon, eBay and Walmart
  • The firm run by Jeff Bezos so far in 2019 has been the online portal that has captured almost half of all virtual transactions in the US

It is speculated Jio GigaFiber might be available in a plan called 'Triple Play Plan'. Photo: Ramesh Pathania/Mint
Shares of Reliance Infrastructure were trading 0.57% lower at  ₹60.60 apiece on BSE. (Reuters)
The multiple hierarchies that exist within castes and the mutual repulsion amongst different caste groups prevent them from forging alliances. (HT)
The multiple hierarchies that exist within castes and the mutual repulsion amongst different caste groups prevent them from forging alliances. (HT)

Election analysis needs to go beyond caste

To assume the caste system determines political affiliations and electoral outcomes is an overstatement suggests a new study

Tata says salt is 'safe' after reports of high potassium ferrocyanide

  • India is among countries like US, Europe, Australia and New Zealand that have permitted the use of potassium ferrocyanide in salt, says Tata salt
  • Tata Chemicals reaction came a day after activist Shiv Shankar Gupta claimed that the potassium ferrocyanide levels are alarmingly high in the brand

File photo of a freight train at Tughlakabad Railway station in New Delhi. Photo: Mint
India imports bulk of its gold requirement and lower purchases by the country could dent global prices (Reuters)
The Coolpad Cool 3 houses a 13MP camera sensor at the back that is paired with an LED flash
ICC World Cup 2019: Pakistan's Sarfaraz Ahmed reacts after a chance to catch of India's Rohit Sharma was missed. (Reuters)
Despite opposition from Mindtree’s promoters, L&T managed to get enough public shareholders of the software company to tender their shares at  ₹980 apiece (Mint file)
Despite opposition from Mindtree’s promoters, L&T managed to get enough public shareholders of the software company to tender their shares at 980 apiece (Mint file)

With 60% stake, L&T completes its hostile takeover of Mindtree

  • L&T bought 31% additional stake through an open offer
  • Mindtree board’s decision to give shareholders a special dividend of 20 a share now runs the risk of being reversed

Wizz has no interest in bidding for Thomas Cook Group Plc airlines. Photo: Reuters
Wizz has no interest in bidding for Thomas Cook Group Plc airlines. Photo: Reuters

Budget carrier Wizz Air plans to introduce India flights

  • Wizz Air plans launch flights from London to Dubai and even central Europe to India
  • 'We’ll connect the dots of our existing network but we’ll be looking at new opportunities, too,' Wizz Air CEO said

The Indian government has been considering a nationwide
The Indian government has been considering a nationwide "fat tax" on so-called "junk food". (HT)

Food safety regulator calls for visible labelling of packaged foods

  • Food labels will also declare, per serve percentage contribution to RDA on the front of the pack, FSSAI said
  • Currently, most of the packaged food companies print nutrition details of the contents at the back of the package

In 2017, Ultratech Cement acquired part of JP Associates’ cement business. (Mint)
After several reminders, Anubhav Gupta gave a cheque of  ₹47 lakh which was dishonoured due to insufficient balance.
After several reminders, Anubhav Gupta gave a cheque of 47 lakh which was dishonoured due to insufficient balance.

Modi Nagar Paper Mills director arrested over dishonoured cheque

  • Modi Nagar Paper Mills director Anubhav Gupta was arrested from his Ghaziabad office
  • Police said non-bailable arrest warrants were issued against the accused

DHFL is also understood to have informed the MCA that induction of a strategic partner would take time.
 (Reuters)
ICC Cricket World Cup: South Africa v India: MS Dhoni in action (Photo: Reuters)
A tank of private water costs more than one gram of gold. (HT)
This training will be provided by HCL Training and Staffing Services (HCL TSS), a subsidiary of HCL Technologies.
This training will be provided by HCL Training and Staffing Services (HCL TSS), a subsidiary of HCL Technologies.

HCL Technologies to hold mega recruitment drive in Noida next month

  • HCL Technologies will organise a mega recruitment drive for graduates and students who have completed their schooling
  • HCL's mega recruitment drive is a great opportunity for freshers to start their IT careers with the company

Liquidity risk in the nation’s credit markets roared back this month. (Graphic: Jayachandran/Mint)
Liquidity risk in the nation’s credit markets roared back this month. (Graphic: Jayachandran/Mint)

Slumping bond sales indicate waning trust in NBFCs

  • Companies sold 1.2 trillion of bonds so far in the April-June period, down 57% from the previous quarter
  • The NBFC crisis has hit demand for cars to appliances, bulk of which were financed by shadow banks

In 2017, the Bitcoin euphoria sparked a frenzied interest in all things blockchain. (Reuters)
In 2017, the Bitcoin euphoria sparked a frenzied interest in all things blockchain. (Reuters)

Bitcoin's rally feels like 2017, but it's not quite the same

  • Google searches for the word Bitcoin were five times higher in December 2017
  • Some experts believe that half of Bitcoin’s runup in 2017 was the result of market manipulation

Sebi wants royalty payments to pass the muster of a shareholder vote (Mint file)
Sebi wants royalty payments to pass the muster of a shareholder vote (Mint file)

Sebi set to roll out 2% cap on royalty payments

  • Cap to apply to royalty payments under any name such as brand fees or technical know-how fees or other service-related fees
  • Differential voting right shares, which offer higher dividends but no voting rights, are set to make a comeback for listed companies

Guests explore
Guests explore "Star Wars: Galaxy's Edge" at Disneyland Park in Anaheim, California, U.S. (Reuters)

How Disneyland is managing crowds at Star Wars themed amusement park

  • Websites that track attendance at Disneyland, the second-busiest theme park in the world, say the crowds have been manageable
  • Disney opened Star Wars: Galaxy’s Edge, the largest-ever addition to its Disneyland park, on May 31

Darpan Sanghvi is the founder of MyGlamm which currently sells products like lipstick, eyeshadow and makeup kits
Darpan Sanghvi is the founder of MyGlamm which currently sells products like lipstick, eyeshadow and makeup kits

Bessemer Venture Partners leads 100-crore round in MyGlamm

  • MyGlamm is now valued at 500 crore, said the first of the people cited above
  • MyGlamm currently sells products on its website, as well as by partnering with offline retail stores such as Lifestyle and Shoppers Stop

U.S. Secretary of State Mike Pompeo delivers a speech at an event in New Delhi.  (Reuters )
RBI clarified that there is no bar on overseas processing of strictly domestic transactions.
ICC World Cup: Sri Lankan players celebrate the wicket of England's Jofra Archer
A movie that opens simultaneously in theaters and online can’t vie for the guild’s Outstanding Directorial Achievement honor. (Reuters)
A movie that opens simultaneously in theaters and online can’t vie for the guild’s Outstanding Directorial Achievement honor. (Reuters)

Film directors make it tougher for Netflix to win top awards

  • The Directors Guild of America has changed its rules to favor films released in theaters
  • Netflix gives its award-worthy movies an exclusive, if short, theatrical run before streaming in homes

In contemporary India, which has seen a sharp rise in caste and religious violence, the curricula and pedagogic methods in Indian classrooms have a paramount role to play in undoing caste and religious prejudice. (Photo: Mint)
In contemporary India, which has seen a sharp rise in caste and religious violence, the curricula and pedagogic methods in Indian classrooms have a paramount role to play in undoing caste and religious prejudice. (Photo: Mint)

Missing secularism in new education policy

The omission of secular principles in the draft NEP 2019 impoverishes the learning experience of all Indians

Dunzo founders (from left) Ankur Aggarwal, Mukund Jha, Kabeer Biswas and Dalvir Suri.
Dunzo founders (from left) Ankur Aggarwal, Mukund Jha, Kabeer Biswas and Dalvir Suri.

Dunzo launches in Mumbai amid expansion drive

  • Dunzo announced via social media platforms Twitter and Instagram that is now live in Mumbai
  • It is currently present in Gurugram, Pune, Hyderabad, Chennai and Delhi, besides Bangalore