The actions caused a serious ‘reputational’ risk for the firms, Sebi said in its order (Mint)
The actions caused a serious ‘reputational’ risk for the firms, Sebi said in its order (Mint)

NSEL case: Commodity arms of Motilal Oswal, IIFL not fit and proper, says Sebi

  • The two firms were barred from holding registrations as commodity brokers due to their role in the NSEL settlement crisis of 2013
  • Existing customers given 45 days to shift their businesses of commodity trading to other unrelated firms

Jet Airways had a gross debt of  ₹8,411 crore as of September-end (Reuters)
Jet Airways had a gross debt of 8,411 crore as of September-end (Reuters)

Jet Airways shareholders approve bailout plan

  • The airline proposes to let lenders convert debt into equity
  • SBI will now become majority stakeholder in the airline; founder Naresh Goyal's stake to come down from 51% to around 25%

Trump claimed that his administration has developed a much better relationship with Pakistan. Photo: Reuters
Trump claimed that his administration has developed a much better relationship with Pakistan. Photo: Reuters

Trump speaks about Pulwama attack, says India 'looking at something very strong'

  • 'India just lost almost 50 people with an attack. So, I could understand that also,' said Donald Trump
  • Trump described the current situation between India and Pakistan as very dangerous

Real estate developers are also excited about the Centre’s proposal. Photo: Pradeep Gaur/Mint
Real estate developers are also excited about the Centre’s proposal. Photo: Pradeep Gaur/Mint

GST Council meeting tomorrow, rate cut on real estate expected  

  • Arun Jaitley had announced that a final decision on the GST rates on housing properties, will be taken up in a meeting on Sunday
  • Even in the budget speech, the then finance minister Piyush Goyal had favoured a rate cut on property

The harvest season is a busy time for the women of Cheravupakalu village—they often work long days in order to get a substantial number of ripe cherries. Photo: Aniruddha chowdhury/Mint
The harvest season is a busy time for the women of Cheravupakalu village—they often work long days in order to get a substantial number of ripe cherries. Photo: Aniruddha chowdhury/Mint

What’s brewing in Araku Valley?

  • A hot air ballooning festival is changing tourism in the Araku Valley and a speciality coffee brand is taking stories of Araku to the world
  • Niche initiatives in Araku Valley are scripting a new narrative for socio-economic development of the local Adivasi community

Triumph India general manager Shoeb Farooq. The Bajaj-Triumph alliance is also eyeing the South-East Asian, African and Latin American markets, where Royal Enfield is present.
Triumph India general manager Shoeb Farooq. The Bajaj-Triumph alliance is also eyeing the South-East Asian, African and Latin American markets, where Royal Enfield is present.

Bajaj, Triumph map out route for a joint ride

  • Bajaj-Triumph bikes will be developed by Triumph while Bajaj will use its vendor base to reduce manufacturing costs
  • The Bajaj-Triumph alliance joins Harley-Davidson and Jawa in challenging Royal Enfield in the 350-600cc space

The sharpest increase in wilful defaults among public sector banks was at loss-making IDBI Bank. (Mint)
The sharpest increase in wilful defaults among public sector banks was at loss-making IDBI Bank. (Mint)

Wilful defaults rising in India despite threat of new bankruptcy law

  • IDBI Bank sees wilful defaults more than double—from 3,600 to 7,381 crore—between Decembers of 2017 and 2018
  • Govt has asked all banks to set up a separate fraud prevention wing to detect potential wilful defaults at an early stage

God is one—the slogan on a bus in Karnataka. Photo: Priya Ramani
God is one—the slogan on a bus in Karnataka. Photo: Priya Ramani

Opinion: When you know you’re anti-national

  • You know you’re anti-national if you believe that the targeted harassment of Kashmiri students across the country should end immediately
  • Those who love this country and believe in peace, love and harmony are labelled anti-national

 (Jayachandran/Mint)
(Jayachandran/Mint)

Titan’s Revathi Kant on her watch

  • Titan’s chief design officer on taking the latest brands to greater heights despite not being a trained designer 
  • Titan has always followed the path of entering a market that is highly unorganized and consolidating it

Prime Minister Narendra Modi (Mint)
Prime Minister Narendra Modi (Mint)

PM Modi sees India as $10 trillion economy with countless startups

  • Reforms in the last four and half years have changed the picture: Prime Minister Narendra Modi
  • Reforms such as GST laid solid foundation for higher GDP growth

EPF  encourages savings for individuals, for their retirement. (Mint)
EPF  encourages savings for individuals, for their retirement. (Mint)

PF withdrawal online: Here is a step-by-step guide

  • You can use the online withdrawal claim facility only if your Aadhaar is linked with your UAN
  • Earlier, it was mandatory for employees to have the attestation of their employers to facilitate withdrawal

People pay tribute to CRPF personnel killed in Pulwama terror attack, in Chennai on Friday. (PTI)
People pay tribute to CRPF personnel killed in Pulwama terror attack, in Chennai on Friday. (PTI)

Pakistan faces global heat over Pulwama attack, terror funding

  • FATF retains Pakistan on its 'grey list', saying Islamabad had made only 'limited progress' in curbing terror financing
  • Pakistan has failed to grasp risks posed by groups such as Jaish-e-Mohammed, perpetrator of the Pulwama attack

A file photo of people protesting against the Pulwama attack (Reuters)
A file photo of people protesting against the Pulwama attack (Reuters)

Ensure safety of Kashmiris, Supreme Court tells 11 states

  • HRD ministry, UGC write to 600 colleges and universities to provide adequate safety to Kashmiri students
  • Supreme Court seeks responses from centre and states where Kashmiris have been targeted

Offline stores will gain from the new rules, but some of them with excessive exposure to online sales may be affected. (Bloomberg)
Offline stores will gain from the new rules, but some of them with excessive exposure to online sales may be affected. (Bloomberg)

Offline retailers say sales pressure may ease due to new E-commerce FDI norms

  • Offline retailers expect sales season, stretched to match up to deep discounts online, to reduce due to the new FDI norms
  • Offline retailers are expected to lap up 10,000-12,000 crore in top line in FY20 even as e-commerce firms asses their losses

OMERS Infrastructure (Asia) managing director Bruce Crane. (Reuters)
OMERS Infrastructure (Asia) managing director Bruce Crane. (Reuters)

Canada pension fund OMERS invests $121 million in IndInfravit Trust

  • OMERS picks up 22.4% stake in IndInfravit Trust, an InvIT, marking its first infrastructure deal in India
  • IndInfravit Trust holds a portfolio of five operational toll road concessions that were built and operated by L&T IDPL

PE/VC deal making in India hit a high of $35.1 billion in 2018. Globally, PE fundraising has exceeded $400 billion annually since 2014. (Mint)
PE/VC deal making in India hit a high of $35.1 billion in 2018. Globally, PE fundraising has exceeded $400 billion annually since 2014. (Mint)

PE, VC fundraising frenzy seen slowing down in 2019

  • Stretched valuations, protectionism, weak growth key challenges for PE/VC deals in India, says a Preqin report
  • Private equity and venture capital funding in January fell 49% compared with a year ago due to lack of large deals

Netflix's 'Roma' is the favourite to win the Academy Award for best picture.
Netflix's 'Roma' is the favourite to win the Academy Award for best picture.

With 'Roma', Netflix may complete Hollywood invasion at the Oscars

  • A victory for 'Roma' at the Oscars would complete Netlix's transformation into a consummate Hollywood insider
  • Movie-theatre owners and filmmakers such as Steven Spielberg have attempted to block Netflix’s path to the Oscars

The RBI move is expected to facilitate the flow of credit to well-rated NBFCs. (Aniruddha Chowdhury/Mint)
The RBI move is expected to facilitate the flow of credit to well-rated NBFCs. (Aniruddha Chowdhury/Mint)

RBI eases risk weights for some NBFC loans

  • Bank exposures to NBFCs, excluding core investment companies, will be risk weighted according to ratings assigned by agencies
  • Exposures to CICs, rated as well as unrated, will continue to be risk-weighted at 100%

Mars Wrigley India general manager Andrew Leakey.
Mars Wrigley India general manager Andrew Leakey.

Chocolate maker Mars to expand portfolio with local products

  • Mars is developing more local products for the Indian market, says Mars Wrigley India general manager Andrew Leakey
  • Leakey indicates Mars will bring more of its global products to India but declines to specify which ones

Julie Leonhardt LaTorre, chief executive officer of Sotheby’s International Realty. (Pradeep Gaur/Mint)
Julie Leonhardt LaTorre, chief executive officer of Sotheby’s International Realty. (Pradeep Gaur/Mint)

There’s huge interest in resort markets, 2nd homes in India: Sotheby's LaTorre

  • Julie Leonhardt LaTorre, COO of Sotheby’s International Realty, on and India as a luxury real estate market
  • She also delved into what luxury living means in today's times and millennial interest in real estate

Film review: ‘Total Dhamaal’ adds up to virtually nothing

  • Indra Kumar’s film is the third in the ‘Dhamaal’ series
  • This is a road movie with no evident purpose, an endless series of tired gags

Former ICICI Bank CEO Chanda Kochhar. (Mint)
Former ICICI Bank CEO Chanda Kochhar. (Mint)

ICICI Bank case: CBI issues lookout notice against Chanda Kochhar

  • The move ensures Chanda Kochhar, her husband Deepak Kochhar, and Venugopal Dhoot can't leave India
  • Chanda Kochhar, Deepak Kochhar and Venugopal Dhoot are being investigated in the ICICI Bank-Videocon loan case

 (AFP)
(AFP)

Uber Eats close to selling Indian food delivery business to Swiggy: Report

  • The share-swap deal is expected to close by next month and will give Uber a 10% stake in Swiggy, according to a report
  • Swiggy is currently leading discussions but rival Zomato is still in the race for a share-swap deal, another report said

 (iStock)
(iStock)

Binny Bansal-backed 021 Capital invests in legal tech startup SpotDraft

  • In the pre-series A funding, SpotDraft has raised $1.5 million
  • SpotDraft said it will utilise the fund in growing its global footprints and target both large as well as SMEs

Twitter CEO Jack Dorsey (AFP)
Twitter CEO Jack Dorsey (AFP)

Twitter CEO Jack Dorsey won't appear before House panel on February 25

  • The company will send its head of public policy Colin Crowell instead of Jack Dorsey
  • On February 11, the committee had refused to meet junior officials from Twitter's India office, sources said

The credit card, as part of Apple Pay, would contribute to Apple’s growing services segment. (AFP)
The credit card, as part of Apple Pay, would contribute to Apple’s growing services segment. (AFP)

Apple, Goldman said to test joint credit card within weeks

  • The Apple-Goldman credit card will pair with new iPhone software features that will help users manage their finances
  • The Apple-Goldman credit card will be made available to a larger consumer base later this year, says WSJ

You will be able to book boats through the existing Uber app 15 minutes before departure. Photo: Alamy
You will be able to book boats through the existing Uber app 15 minutes before departure. Photo: Alamy

Uber boats to launch soon

  • The ride-sharing app is set to start a pilot boat service in Mumbai
  • UberBOAT will offer speedboats in two variants: the UberBOAT, and the UberBOAT XL

The risk weight model will work in a manner similar to corporates, RBI says. (Reuters)
The risk weight model will work in a manner similar to corporates, RBI says. (Reuters)

RBI bundles NBFCs into 1 type, offering operational flexibility

  • RBI creats a single category for NBFCs by bundling their present three-tier structure
  • Exposures to all NBFCs will be risk weighted as per credit ratings, decides RBI

Oyo Hotels launches operations in Japan, announces JV with Yahoo

  • Oyo Life aims to enter the housing rental segment in Japan
  • The JV uses Yahoo’s marketing and distribution capabilities

Users can customize Terra’s functions with the iRobot’s HOME app. Photo courtesy: iRobot
Users can customize Terra’s functions with the iRobot’s HOME app. Photo courtesy: iRobot

Meet Terra, the robot lawn mower

  • Terra uses state-of-the-art mapping and navigation technology to move around 
  • Users can even customize Terra’s functions with iRobot’s HOME app

India is compelling, says co-founder and chief strategy officer, Nathan Blecharczyk. (Reuters)
India is compelling, says co-founder and chief strategy officer, Nathan Blecharczyk. (Reuters)

Millennials will drive Airbnb's growth in India, says co-founder

  • Airbnb shifts focus to domestic travel in India, banking on a rising middle class and millennial travel buffs
  • Airbnb expects 2019 to see traction in emerging markets and will shift more investment to these regions

The Saligao Blues: Goa’s global village

  • Saligao is struggling to preserve its open-minded cultural fabric. Due to the impact of migration, native Goans have become a minority in their homeland
  • Residents feel there’s a crisis brewing in Saligao. There’s unemployment, and land sharks are running amok. There’s also a huge problem of garbage

 (Illustration: Shrikrishna Patkar)
(Illustration: Shrikrishna Patkar)

A cheat sheet for first-time investors

  • Having a good trusted financial advisor can make life much simpler when it comes to investing and achieving one’s financial goals
  • Here are some concepts which can help the first-time investor

The government has infused in public sector banks nearly  ₹2 trillion in the past two fiscals, higher than the original plan of  ₹1.55 trillion over the same period. (Bloomberg)
The government has infused in public sector banks nearly 2 trillion in the past two fiscals, higher than the original plan of 1.55 trillion over the same period. (Bloomberg)

Bank recapitalisation: Govt throwing good money after bad?

  • The government's bank recapitalisation plan was aimed at boosting better-performing banks, but that hasn't happened
  • Banks with highest NPA ratios received largest amount of capital as a proportion of their risk-weighted assets

If approved, the Jet Airways bailout plan will see lenders become majority shareholders of the debt-laden airline (Reuters)
If approved, the Jet Airways bailout plan will see lenders become majority shareholders of the debt-laden airline (Reuters)

Jet Airways lenders considering interim funding of 500 crore: PNB MD

  • The lenders is looking at interim funding, but a final decision is yet to be taken, says PNB MD Sunil Mehta
  • The results of shareholder voting on Jet Airways bailout plan will be released on Saturday

 (iStock)
(iStock)

Save on medical cover premium

  •  If you are paying premium for your parents, spouse or children’s medical insurance, you will be eligible for a tax break under Section 80D for that amount
  • If your parents are senior citizens, 60 years and above, the tax exemption limit goes up to Rs. 50,000

Domestic carriers are launching more global flights with their fleets of A320s and Boeing 737s (Mint)
Domestic carriers are launching more global flights with their fleets of A320s and Boeing 737s (Mint)

Airbus sees market for widebody jets at Indian budget carriers

  • India is the world's fastest-growing market for air travel
  • As profits slumped amid high oil prices, IndiGo and SpiceJet placed their plans to order widebody jets on hold

Google’s decision was reported earlier by Axios. Photo: Reuters
Google’s decision was reported earlier by Axios. Photo: Reuters

Google to stop forced arbitration for employees 

  • The latest decision victory for Google employees who’ve been organizing on several fronts
  • Labor advocates hailed Google’s move, 'This is a major step forward.'