Jet Airways crisis continues as passengers are yet to get their refunds (Abhijit Bhatlekar/Mint)
Jet Airways crisis continues as passengers are yet to get their refunds (Abhijit Bhatlekar/Mint)

No joy of flying! Jet Airways passengers wait for refunds

  • Sudden grounding of Jet Airways has hit budget travellers the most because there is no clarity on when the refund would be processed
  • Though Jet Airways has said it would refund the full amount, there is no clarity on how long that could take

Reliance had last month stated that it had stopped all oil exports to US sanctions-hit Venezuela (Photo: Bloomberg)
CJI firmly stated that the 'judiciary of the country is under serious threat.'
Air India has written to SBI seeking permission to temporarily operate on lease five Boeing 777 aircraft owned by Jet Airways. (Alamy)
Air India has written to SBI seeking permission to temporarily operate on lease five Boeing 777 aircraft owned by Jet Airways. (Alamy)

SpiceJet, Air India step in to clean up after Jet Airways

  • Spicejet is offering jobs to Jet Airways employees and inducting new plans to help keep flight ticket prices in check
  • Air India, on its part, has volunteered to temporarily use a few of Jet Airways' planes on key international routes

The direct tax collection target for 2018-19 was set at  ₹12 trillion. (iStockphoto)
The direct tax collection target for 2018-19 was set at 12 trillion. (iStockphoto)

March saw income tax department go on an overdrive

  • The income tax department is said to have adopted at least six different 'out of the ordinary' methods to recover tax dues
  • The income tax department this year also used a rare provision to collect dues directly from a company's bank accounts

Lobsang Wangyal with his voter ID on the streets of McLeodganj. Photo:  Priyanka Parashar/Mint
Lobsang Wangyal with his voter ID on the streets of McLeodganj. Photo: Priyanka Parashar/Mint

An election in exile: Making the Tibetan vote count

  • On 7 February 2014, that the Election Commission of India (ECI) issued a directive to enrol Tibetans born in India after 26 January 1950 and before 1 July 1987 in the national electoral rolls
  • As the Tibetan diaspora in India struggles to assert its identity, its voice, though faint, is a reminder of a minority that has remained largely invisible

Tesla shares have plunged 18% this year. Photo: Reuters
Launched in India in 2018, TikTok has 120 million active users in the country, most of them youngsters in small towns and cities. (Reuters)
Launched in India in 2018, TikTok has 120 million active users in the country, most of them youngsters in small towns and cities. (Reuters)

TikTok downloads on APKMirror surge 12 times since India ban

  • According to Google Trends, interest in the search term 'TikTok download' has increased in India considerably since the ban
  • ByteDance plans to invest $1 billion in India over next three years, says it remains 'very optimistic' despite the TikTok ban

Elections 2019
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Sairee Chahal. Photo: Twitter/@Sairee
The success of hotel startups such as Oyo and Treebo has opened a vast opportunity to consolidate hotel assets from unorganized sector into the branded fold.
The success of hotel startups such as Oyo and Treebo has opened a vast opportunity to consolidate hotel assets from unorganized sector into the branded fold.

Hospitality firms eye unbranded hotel space to expand footprint

  • Hotel firms are adopting a less capital intensive approach while focusing on quicker addition of supply
  • The biggest supply in the mid to economy hotel space is coming from rebranding of unbranded hotel properties

RIL chairman Mukesh Ambani may be looking to raise more cash to fund his expansion plans, which include a proposal to add capacity to Reliance Industries’ oil refining operations. (Pradeep Gaur/Mint)
RIL chairman Mukesh Ambani may be looking to raise more cash to fund his expansion plans, which include a proposal to add capacity to Reliance Industries’ oil refining operations. (Pradeep Gaur/Mint)

How Mukesh Ambani’s bet on the Indian middle class is paying off

  • Mukesh Ambani has ambitions to take on Amazon and Walmart in India
  • Ambani has set big expectations for Reliance’s consumer divisions

 (Mint)
Howrah-New Delhi Poorva Express derailed in the morning. Photo: ANI/Twitter
Few mutual fund schemes are exposed to Jet Airways while there is substantial exposure to its competitors, InterGlobe Aviation Ltd and SpiceJet Ltd. (Mint)
Few mutual fund schemes are exposed to Jet Airways while there is substantial exposure to its competitors, InterGlobe Aviation Ltd and SpiceJet Ltd. (Mint)

Relief for investors as mutual funds chose SpiceJet, IndiGo over Jet Airways

  • Five actively managed mutual funds held shares in Jet Airways as of March 2019, as compared to 89 in IndiGo and 24 in SpiceJet
  • SpiceJet shares have gained 74.57% over the last month and IndiGo 17.69% in the same period, even as Jet Airways shares fell 30.37%

2018 saw an all-time high of $35.8 billion worth of PE/VC deals, a sharp rise from the previous best of 2017's $26.1 billion. (Vipul Sharma/Mint)
2018 saw an all-time high of $35.8 billion worth of PE/VC deals, a sharp rise from the previous best of 2017's $26.1 billion. (Vipul Sharma/Mint)

Infrastructure, real estate seen driving PE/VC deals in India in 2019

  • Real estate and infrastructure attracted $6.3 billion in investments in 2018, led by PE/VC investors such as KKR, Brookfield and CPPIB
  • Annual PE/VC investments in India are expected to exceed $65 billion by 2025, assuming y-o-y GDP growth of 7% till 2025

All the major banks including SBI, Bank Of Baroda, Kotak Mahindra Bank, HDFC and ICICI Bank offer their customers several variations of savings accounts. (AFP)
All the major banks including SBI, Bank Of Baroda, Kotak Mahindra Bank, HDFC and ICICI Bank offer their customers several variations of savings accounts. (AFP)

SBI, Bank of Baroda, ICICI, HDFC Bank savings accounts compared

  • You can earn an interest in the range of 3.5-6% on your savings accounts, depending on the amount and the bank
  • Kotak Mahindra Bank has lowered rate of interest on savings account deposits of up to 1 lakh to 4.5%

ITR-1 form or Sahaj is usually the easiest to fill with least number of details. (Illustration: Sudhir Shetty)
ITR-1 form or Sahaj is usually the easiest to fill with least number of details. (Illustration: Sudhir Shetty)

Your guide to filing income tax returns this year

  • For FY 2019-20, directors of unlisted shares or investors in unlisted equity will no longer be able to file their returns
  • Those with an income below 5 lakh are no longer exempt from filing their returns online

Ekso Bionics exoskeleton
Ekso Bionics exoskeleton

The story of innovation at your fingertips

  • The exhibits in ‘Once Upon A Try’ don’t confine themselves to pure science, looking at innovation across disciplines
  • It is hailed as the largest online exhibition by Google Arts & Culture, with over 400 interactive exhibitions and 200,000 artefacts from 127 collections

Actor Vivek Oberoi has played the role of Narendra Modi in the biopic
A file photo of the Union Carbide plant in Bhopal
PKL commissioner Anupam Goswami. (Aniruddha Chowdhury/Mint)
A Jet Airways employee cries as they gather to make an appeal to save the airline after it announced temporary suspension of flight operations, in New Delhi, on Thursday. (PTI)
A Jet Airways employee cries as they gather to make an appeal to save the airline after it announced temporary suspension of flight operations, in New Delhi, on Thursday. (PTI)

Jet staff forced to sell sports bike, take train

  • An airline insider said that the employees in the lower salary brackets were worse affected due to nil savings
  • Jet Airways had on Wednesday night suspended its operations indefinitely

Callers pretending to be US tax or immigration officials threatened people with arrest and deportation
CR-V sales are up 6.4% through March to 87,280. (Reuters)
CR-V sales are up 6.4% through March to 87,280. (Reuters)

Honda slows Accord, Civic production as buyers shift to SUVs in the US

  • Honda said it will temporarily idle a second-shift production line in August at its Marysville, Ohio, assembly plant, in part to prepare the factory to produce future electric vehicles
  • The reduction also will affect production at engine and transmission plants in Ohio

While Royal Enfield’s domestic dispatches remained flat at 805,273 units in 2018-19, it recorded year-on-year sales growth of 8% in its exports at 20,825 units
While Royal Enfield’s domestic dispatches remained flat at 805,273 units in 2018-19, it recorded year-on-year sales growth of 8% in its exports at 20,825 units

Royal Enfield enters South Korea market, opens first store in Seoul

  • Royal Enfield has appointed Vintage Motors (Kiheung International) as its official distributor-partner in South Korea
  • For now, only four Royal Enfield motorcycles—Bullet 500, Classic 500, Classic Chrome and Himalayan—will be sold in South Korea

The new feature has currently been seen on the Netflix Android app, specifically, v7.6.0 build 19 34157. (Reuters)
The new feature has currently been seen on the Netflix Android app, specifically, v7.6.0 build 19 34157. (Reuters)

Netflix is testing 'Random Episode' play button

  • Netflix's random button lets the app play content for those who are unsure about what to watch
  • The button is tucked in the playback controls where a shuffle icon has the said label on it

Photo: Reuters
Photo: Reuters

Walmart, Amazon kick off government online pilot program

  • The pilot program will allow low-income shoppers on government food assistance in New York to shop and pay for their groceries online for the first time
  • ShopRite and Amazon are providing the service to the New York City area, and Walmart is providing the service online in upstate New York locations

 (Photo: Mint)
(Photo: Mint)

Bank unions write to PM Modi, want govt to take over Jet Airways

  • In a letter to Modi, the All-India Bank Employees Association also said government must ensure that banks are not forced to lend to the crippled airline
  • Jet Airways Wednesday announced grounding of operations after its lenders declined an interim funding of 400-crore

Q4 was the second straight quarter when Mukesh Ambani-led Reliance Industries Ltd reported a quarterly profit of more than  ₹10,000 crore. (Francis Mascarenhas/Reuters)
Q4 was the second straight quarter when Mukesh Ambani-led Reliance Industries Ltd reported a quarterly profit of more than 10,000 crore. (Francis Mascarenhas/Reuters)

Reliance records another bumper quarter with 10,362 crore net profit

  • RIL reports 9.79% increase in Q4 profit, beating analysts’ estimates, boosted by Reliance Jio and Reliance Retail
  • RIL's revenue rose 19.4% to 1.54 trillion for the quarter ended 31 March from 1.29 trillion in the year earlier

According to ByteDance Director (International Public Policy) Helena Lersch, the company has a a two-step approach for content moderation. (Bloomberg)
According to ByteDance Director (International Public Policy) Helena Lersch, the company has a a two-step approach for content moderation. (Bloomberg)

TikTok's parent ByteDance plans $1 bn investment in India in next 3 years

  • TikTok would also be increasing the number of employees in India to 1,000 people by the end of this year
  • ByteDance Director (International Public Policy) Helena Lersch said the company has been strengthening its content moderation policies over the last many months

Vijay Mallya (Photo: PTI)
Nithin Krishnan family built this house six years ago in their hometown Kannur, Kerala, The house lies vacant because he and lives in Bengaluru and his parents are currently settled in Karur, Tamil Nadu.
Nithin Krishnan family built this house six years ago in their hometown Kannur, Kerala, The house lies vacant because he and lives in Bengaluru and his parents are currently settled in Karur, Tamil Nadu.

Kerala’s vacant houses are high on nostalgia, not on returns

  • Many non-resident Keralites don’t realise that buying a house too early in life may not be a wise idea
  • Keralites prefer independently constructed houses, thanks to lower land prices in smaller towns of the state

Jeff Bezos, chief executive of Amazon.com Inc. India in Amazon's largest market outside of the US. (Mint)
Jeff Bezos, chief executive of Amazon.com Inc. India in Amazon's largest market outside of the US. (Mint)

Amazon to sharpen focus on India after running into China wall

  • Amazon is shuttering its China business after struggling to compete with local rivals such as Alibaba and JD.com
  • Jeff Bezos' firm stands a better chance in India as e-commerce here is dominated by Amazon and Walmart-Flipkart

Inflation expectations have cooled considerably over the last three quarters, shows an RBI survey. (Naveen Kumar Saini/Mint)
Inflation expectations have cooled considerably over the last three quarters, shows an RBI survey. (Naveen Kumar Saini/Mint)

RBI MPC minutes show naysayers are worried about food and oil prices

  • The combination of rising food and crude oil prices could result in inflationary expectations rising again, RBI MPC members believe
  • There was a consensus on growth among members and future rate cuts are likely to depend on how they perceive growth slowdown

Former Karnataka chief minister Siddaramaiah. Photo: Mint
 (Photo: Mint)
Pine Labs provides financing and last-mile retail transaction technology. Its offerings are used by one lakh merchants in 3,700 cities and towns across India and Malaysia.
Pine Labs provides financing and last-mile retail transaction technology. Its offerings are used by one lakh merchants in 3,700 cities and towns across India and Malaysia.

Pine Labs acquires gift solution firm Qwikcilver for $110 mn

  • Qwikcilver is a gift card service provider, managing an annualised gross transaction value of $1.5 billion across India, Middle East and SE Asia
  • With this acquisition, Qwikcilver and Pine Labs have a combined gift solutions business comprising 250 brands and retailers and 1,500 enterprise customers

 (Reuters)
Kaushik Shaparia, who will be the new India head of Deutsche Bank
Menaka Guruswamy, Arundhati Katju
 (Photo: Reuters)
(Photo: Reuters)

Apple expects cooperation with China on clean energy

  • In the "Environmental Responsibility Report", Apple has set an ambitious goal to "make products without taking from the Earth"
  • Apple said 44 of its suppliers have committed to 100% renewable energy for their production of Apple products