'The next five years of the NDA in office will be one of continuity with a greater emphasis on inclusion,' says President (Photo: PTI)
As of December, DHFL had assets under management of  ₹1.26 trillion
Apollo had consolidated debt of  ₹3,450 cr as on 31 March (Photo: Priyanka Parashar/Mint)
File photo of L&T CFO R. Shankar (L) and CEO S.N. Subrahmanyan. (PTI)
Shahid Kapoor in a still from Kabir Singh, a remake of the Telugu blockbuster Arjun Reddy
The Indian companies would be shortlisted based on their capability for integration of system of systems, expertise in shipbuilding domain and their financial strength
The Indian companies would be shortlisted based on their capability for integration of system of systems, expertise in shipbuilding domain and their financial strength

Govt initiates 45k-cr programme to build 6 submarines under Project 75-I

  • EoI issued for selecting Indian Strategic Partner
  • This is the second time the NDA government has invited private companies to bid for a major defence contract under the Strategic Partnership Model

Stocks are opening broadly higher on Wall Street, erasing the market's losses from May (Photo: AP)
Long Reads
Till date this year, FIIs have been net buyers of Indian shares worth $11.71 billion, pumping in $11.71 million in June so far (Photo: Bloomberg)
Till date this year, FIIs have been net buyers of Indian shares worth $11.71 billion, pumping in $11.71 million in June so far (Photo: Bloomberg)

Markets rally over 1% on hopes dovish Fed will boost FII inflows

  • Sensex closed 1.25% or 488.89 points higher at 39,601.63 points, while the NSE Nifty 50 index rose 1.2% to 11,831.75 points
  • The Fed decided to hold interest rates steady and hinted at a cut in rates in July

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(From right) TDP Rajya Sabha MPs T.G. Venkatesh, C.M. Ramesh and Y.S. Chowdary submit their resignations to vice-president M.Venkaiah Naidu, in New Delhi on Thursday (Photo: PTI)
(From right) TDP Rajya Sabha MPs T.G. Venkatesh, C.M. Ramesh and Y.S. Chowdary submit their resignations to vice-president M.Venkaiah Naidu, in New Delhi on Thursday (Photo: PTI)

In another jolt to TDP post-electoral defeat, 4 Rajya Sabha MPs defect to BJP

  • 13 ex-MLAs also held a closed-door meeting reportedly to discuss joining the BJP or the ruling YSRCP
  • Moreover, the 4 MPs won’t draw the anti-defection law, which allows defections if two-thirds of a party’s legislature switch sides

 (Photo: Bloomberg)
(Photo: Bloomberg)

Oil jumps 6% on Trump threat after Iran downs spy drone

  • Iran shot down the drone near the Strait of Hormuz, a major choke point for world crude shipments
  • Further solid support for oil prices, as for global stock markets, also came from the US Federal Reserve signalling it could soon cut interest rates

 (Photo: Pradeep Gaur/Mint)
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Last week, two operational creditors filed separate insolvency pleas against Jet Airways at NCLT, Mumbai (Photo: Reuters)
Last week, two operational creditors filed separate insolvency pleas against Jet Airways at NCLT, Mumbai (Photo: Reuters)

NCLT admits lenders' move for bankruptcy proceedings against Jet Airways

  • The insolvency process will allow lenders led by State Bank of India to sell the company as a whole or sell its assets
  • NCLT instructs IRP to finish insolvency process in three months since matter is of national importance

The Economic Survey of India 2017-18 was the last one overseen by Arvind Subramanian, who demitted office as CEA in June 2018.  (Photo: Ramesh Pathania/Mint)
The Economic Survey of India 2017-18 was the last one overseen by Arvind Subramanian, who demitted office as CEA in June 2018. (Photo: Ramesh Pathania/Mint)

The case for doubting India’s GDP numbers

Arvind Subramanian’s conclusions about GDP growth figures are in the right direction. There’s no point being in denial

Plain Facts
The Reserve Bank of India (RBI) Governor Shaktikanta Das. (Photo: Reuters)
The Reserve Bank of India (RBI) Governor Shaktikanta Das. (Photo: Reuters)

Clear indication of economy losing traction: RBI Governor at MPC meet

  • The MPC in June cut its key interest rate by 25 basis points, a third straight cut since the start of 2019
  • Members broadly suggested that inflation is expected to stay within the MPC's mandated medium-term target of 4% despite the upside risks

Moody's also downgraded the corporate family rating (CFR) of JLR to 'B1' from 'Ba3', with a negative outlook
Moody's also downgraded the corporate family rating (CFR) of JLR to 'B1' from 'Ba3', with a negative outlook

Moody’s downgrades Tata Motors on weak JLR show

  • Moody's today downgraded Tata Motors' credit rating by a notch on the floundering performance of its British subsidiary Jaguar Land Rover (JLR)
  • The corporate family rating and the company's senior unsecured instruments rating have also been downgraded to 'Ba3' from 'Ba2', with a negative outlook

Yes Bank shares fell over 4% today (Bloomberg)
Over the last few months, the corporate bond market has been rattled by news of defaults.
Some analysts see more near term gains for gold (Reuters)
Indian foreign ministry spokesman Raveesh Kumar. (PTI )
Indian foreign ministry spokesman Raveesh Kumar. (PTI )

India says in talks with US on H-1B visas, no official word on limits

  • Two senior Indian officials say they were briefed last week on the US plan to cap the number of H-1B visas given annually to Indians at between 10% and 15% of the total number issued
  • News of the US plan to restrict H-1B visas comes days before a visit to India by US Secretary of State Mike Pompeo

A file photo of SBI chairman Rajnish Kumar
The current income tax exemption limit  ₹2.5 lakh
5G offers potential in augmented reality, virtual reality, connected cars, autonomous drones, smart homes and cities. (Reuters)
5G offers potential in augmented reality, virtual reality, connected cars, autonomous drones, smart homes and cities. (Reuters)

Why 5G is the next headache for some of India's richest men

  • India seeks to raise $84 billion this year from a sale of airwaves
  • Operators may soon decide how much more pain they can endure for a high-speed wireless network that can offer better user experience in streaming, gaming and entertainment

A 3-D printed Facebook logo is seen on U.S. dollar banknotes in this illustration picture. (Reuters)
A 3-D printed Facebook logo is seen on U.S. dollar banknotes in this illustration picture. (Reuters)

Mushrooming India growth potential driver for Facebook's Libra

  • India certainly appears ripe for an “S curve”-style payments system boom
  • Facebook is taking advantage of low penetration rates in emerging markets

BJP Working President JP Nadda with defecting Telugu Desam MPs (Pradeep Gaur/ Mint)
BJP Working President JP Nadda with defecting Telugu Desam MPs (Pradeep Gaur/ Mint)

BJP welcomes defecting Telugu Desam MPs

  • There were six TDP MPs in the Upper House and the move has dealt a blow to the southern party, which has lost two-thirds of its strength
  • The four MPs have apprised Rajya Sabha Chairman M. Venkaiah Naidu of their proposal

President Ram Nath Kovind. (PTI)
The latest move by US on H-1B work visas might impact India's more than $150 billion IT sector
The latest move by US on H-1B work visas might impact India's more than $150 billion IT sector

US exploring limit on H-1B visas for Indian professionals

  • Currently, there is no current country-specific limit on H-1B work visas granted each year
  • It is estimated that estimated 70% of H-1B work visas go to Indians professionals

Gold futures in New York climbed as much as 3.6% to $1,397.70 an ounce - also the highest since 2013 (Reuters)
Gold futures in New York climbed as much as 3.6% to $1,397.70 an ounce - also the highest since 2013 (Reuters)

Gold prices jump to more than 5-year high

  • Gold prices saw a big jump after the US Federal Reserve indicated a readiness to cut interest rates
  • Gold prices have also been boosted by US-China trade dispute and a dovish tone from other global central banks

India’s growth eased to a five-year low in the quarter ended March, and the central bank has cut interest rates three times this year. (Mint)
India’s growth eased to a five-year low in the quarter ended March, and the central bank has cut interest rates three times this year. (Mint)

India’s corporate bond market sees worst growth in a decade

  • Demand for credit has shifted to banks from the bond market
  • India’s bond market remains small compared with other major economies

The phone is both the eyes and the brain of the robot, controlling its navigation and tasks. (Pixabay)
Harley’s India sales dropped from 4,708 units in FY16 to 2,676 units in FY19 (Photo: Mint)
Harley’s India sales dropped from 4,708 units in FY16 to 2,676 units in FY19 (Photo: Mint)

Harley-Davidson, Hero gear up for India ride

  • Harley-Davidson’s growing focus on India and similar markets comes amid tough conditions in its home market
  • Both firms are keen to explore a potential alliance that would make Harley-Davidson bikes cheaper in India

File photo of Shantanu Narayen, CEO, Adobe,  and Satya Nadella, CEO, Microsoft. (Source: microsoft.com)
Tech Mahindra is betting big on next generation technologies such as Artificial Intelligence (AI), Machine Learning, Internet of Things (IoT). (Reuters)
Tech Mahindra is betting big on next generation technologies such as Artificial Intelligence (AI), Machine Learning, Internet of Things (IoT). (Reuters)

Tech Mahindra signs multi-year pact with Airbus

  • Tech Mahindra said it is aiming to grow its cabin engineering business over the next few years
  • This will strengthen our aerospace engineering portfolio, says Karthikeyan Natarajan, Global Head of Engineering and IoT, Tech Mahindra

President Ram Nath Kovind.
President Ram Nath Kovind. (PTI)
The Kia Seltos. Source: Twitter/KiaMotorsIN
The Motorola One Vision.
Amar Nagaram, head, Myntra-Jabong.
Amar Nagaram, head, Myntra-Jabong.

E-commerce battle moves beyond the discounts

  • Focus in online retail shifting to fastest deliveries, after-sales services such as alterations, and reduction in the number of returns
  • Myntra to launch 30 experience centres across India by August, where customers can pick products they ordered when convenient, return and get alterations done on the spot

(Photographs by Pradeep Gaur/Mint; Graphic by Sarvesh Kumar sharma/Mint)
The Enforcement Directorate, which is investigating a case of alleged money laundering at IL&FS, arrested two former directors of the financial services company on Wednesday (Photo: Aniruddha Chowdhury/Mint)
The Enforcement Directorate, which is investigating a case of alleged money laundering at IL&FS, arrested two former directors of the financial services company on Wednesday (Photo: Aniruddha Chowdhury/Mint)

IL&FS auditors BSR, Deloitte facing probe heat from six agencies

  • Six entities including the SFIO, the MCA, Sebi, ED, NFRA and ICAI go after two auditors of scam-hit firm and besiege them with chargesheets, petitions, show-cause notices
  • The corporate affairs ministry has filed a plea in NCLT to bar the auditors of IL&FS

Moto One Vision
Marvel’s favourite superheroes in 'Avengers: Endgame'.
No casualties have been reported so far.
President Kovind said that the National Democratic Alliance (NDA) government was working on the principles of ‘Sabka Saath, Sabka Vikas aur Sabka Vishwas’. (PTI)
President Kovind said that the National Democratic Alliance (NDA) government was working on the principles of ‘Sabka Saath, Sabka Vikas aur Sabka Vishwas’. (PTI)

President Kovind asks MPs to support 'one nation, one poll' idea

  • President Kovind said that due to frequent elections, the pace and continuity of development programmes have been impacted
  • Kovind urged them all to work towards building a New India and to discharge your duties with utmost sincerity over the next five years

India's captain Virat Kohli, right, leaves the pitch after he is caught by Pakistan's captain Sarfaraz Ahmed, center, off the bowling of Pakistan's Mohammad Amir, left, during the Cricket World Cup match between India and Pakistan at Old Trafford in Manchester, England, on 16 June, 2019. (Photo: AP)
India's captain Virat Kohli, right, leaves the pitch after he is caught by Pakistan's captain Sarfaraz Ahmed, center, off the bowling of Pakistan's Mohammad Amir, left, during the Cricket World Cup match between India and Pakistan at Old Trafford in Manchester, England, on 16 June, 2019. (Photo: AP)

How the middle overs are gaining currency in ODIs

Time was when overs 11 to 40 in ODIs were about preservation and accumulation. Increasingly, they are becoming another phase to stretch possibilities

While the study didn't look at the reasons for these behaviours, the researcher says the findings can help smartphone companies design better products. (Bloomberg)
While the study didn't look at the reasons for these behaviours, the researcher says the findings can help smartphone companies design better products. (Bloomberg)

How you lock your smartphone can reveal your age: UBC study

  • Older users are more likely to unlock their phones when they're stationary, such as when working at a desk or sitting at home
  • For every 10-year interval in age, there was a corresponding 25% decrease in the number of user sessions

Paytm Payments Bank aims to acquire 100 million additional customers by the end of 2019. Photo: Mint
Paytm Payments Bank aims to acquire 100 million additional customers by the end of 2019. Photo: Mint

Paytm to dole out incentives for merchants at kirana stores

  • Paytm is targeting to partner with over 20 million retail kirana stores, enabling them to accept all digital payment modes including UPI, wallet and cards
  • Paytm will invest money in offline merchant expansion instead of driving incentive led P2P transactions: Paytm Sr VP

Bounce co-founder and CEO Vivekananda H.R says the startup uses debt to finance the purchase of scooters
Domestic air passenger traffic grew 3% year-on-year in May 2019, reversing a 4.5% fall the sector witnessed in April.
 (Jithendra M/Mint)
Thierry Bollore, chief executive officer of Renault SA. (Bloomberg)
(Photo: Reuters)
Masayoshi Son, SoftBank founder. (Bloomberg)
Summer holiday bookings have seen a 22% growth as compared to the previous year. (Istockphoto)