Currently Sebi has divided FPIs into three categories. Photo: Reuters
Currently Sebi has divided FPIs into three categories. Photo: Reuters

Sebi to consider slew of changes for FPIs

  • The key changes suggested by the panel includes easing registration processes for well-regulated entities
  • It also suggested tweaking rules pertaining to FPI investment limits and reclassifying FPI to foreign direct investment

The logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai.  (Reuters )
The logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai. (Reuters )

RBI releases draft liquidity framework guidelines for ailing NBFCs

  • NBFCs will have to maintain minimum high quality liquid assets of 100% of total net cash outflows over the following 30 calendar days
  • The LCR is proposed for all deposit taking NBFCs, and non-deposit taking NBFCs with an asset size of 50 billion rupees ($720 million) and above

BJP President Amit Shah and Indian Prime Minister Narendra Modi gesture after the election results in New Delhi.  (Reuters )
BJP President Amit Shah and Indian Prime Minister Narendra Modi gesture after the election results in New Delhi. (Reuters )

Day after BJP's massive victory, all eyes now on government formation

  • Newly elected MPs of the BJP-led NDA will meet on Saturday to formally elect Prime Minister Narendra Modi
  • In first back-to-back majority in the Lok Sabha polls for a single party in over three decades, the Modi-led BJP won 303 seats out of 542 in the Lok Sabha polls

BJP supporters celebrate the party's lead in the 2019 Lok Sabha polls, on the vote counting day, outside the party headquarters in New Delhi, Thursday, May 23, 2019. (PTI Photo/Ravi Choudhary)
BJP supporters celebrate the party's lead in the 2019 Lok Sabha polls, on the vote counting day, outside the party headquarters in New Delhi, Thursday, May 23, 2019. (PTI Photo/Ravi Choudhary)

Investor wealth rises 2.53 lakh cr as markets surge after BJP's massive win

  • The Bharatiya Janata Party (BJP) has won over 300 seats on its own out of 542 seats in the Lok Sabha elections
  • Led by the rally in equities, the market capitalisation of BSE-listed companies rose by 2,53,830.19 crore to 1,52,71,407.47 crore

The sale was carried out through stock exchanges at the prevailing market price. (Pradeep Gaur/Mint)
 (ANI )
(ANI )

Gujarat: 18 teenage students killed in Surat building fire

  • A fire official said 19 fire tenders and two hydraulic platforms were pressed into service to douse the fire
  • Locals were seen helping in the rescue operation to save stranded students as well as other occupants of the four-storey building

Prime Minister Narendra Modi addresses BJP workers at the party headquarters in New Delhi on Thursday. (Ramesh Pathania/Mint)
Prime Minister Narendra Modi addresses BJP workers at the party headquarters in New Delhi on Thursday. (Ramesh Pathania/Mint)

Cabinet passes resolution for dissolution of 16th Lok Sabha

  • The process to constitute 17th Lok Sabha would begin after the Election Commissioners meet President Kovind and hand over the list of newly elected members
  • The tenure for the present Lok Sabha ends on June 3

Photo: Mint
British Prime Minister Theresa May speaks in the street outside 10 Downing Street in London, England. (Photo: AP)
British Prime Minister Theresa May speaks in the street outside 10 Downing Street in London, England. (Photo: AP)

British PM Theresa May announces resignation, to step down on 7 June

  • May endured crises and humiliation in her effort to find a compromise Brexit deal
  • May's departure will deepen the Brexit crisis as a new leader is likely to want a more decisive split

The BJP always knew that the Bengal campaign would be tough and that Mamata Banerjee, chief minister of Bengal, would not cede ground so easily
The BJP always knew that the Bengal campaign would be tough and that Mamata Banerjee, chief minister of Bengal, would not cede ground so easily

Operation Bengal pays off for BJP

Riding on a latent anti-incumbency, the BJP devised a unique campaign strategy to take on Mamata Banerjee

Narendra Modi displays the victory symbol after his party sweeps majority in Lok Sabha elections 2019
Narendra Modi displays the victory symbol after his party sweeps majority in Lok Sabha elections 2019

A $1.4 trillion India spending push tops Modi 2.0 agenda

  • BJP’s manifesto targets 100 trillion of capital investment in infrastructure by 2024
  • Fitch Ratings said improving the India’s weak government finances will be crucial for the new administration

If you’ve watched the animated 1992 Aladdin enough – either with children or as a child yourself – you might find yourself uttering the lines in Ritchie’s film before they’re spoken onscreen.
If you’ve watched the animated 1992 Aladdin enough – either with children or as a child yourself – you might find yourself uttering the lines in Ritchie’s film before they’re spoken onscreen.

Film review: ‘Aladdin’ is a whole old world

  • This live action remake is practically the same as the 1992 animated film, yet diminished
  • Will Smith appears as the genie, a part made famous by Robin Williams

Under Ujjwala scheme, 70 million underprivileged households benefited in the last three years.ht
Thane: BJP supporters celebrate the party's lead during the counting of votes for Lok Sabha elections 2019, at BJP office in Thane.  (PTI )
Thane: BJP supporters celebrate the party's lead during the counting of votes for Lok Sabha elections 2019, at BJP office in Thane. (PTI )

Ten charts that explain the 2019 Lok Sabha verdict

India seems to be witnessing the rise of a new political order, with a broad-based Hindu alliance driving the growth of the Bharatiya Janata Party

Prime Minister Narendra Modi (AFP file)
L&T had proposed to buy additional stake in Mindtree through an open offer. Photo: Priyanka Parashar/Mint
The bookings under the three-day sale will start from May 27. (Ramesh Pathania/Mint)
The bookings under the three-day sale will start from May 27. (Ramesh Pathania/Mint)

GoAir offers one million seats for fares starting at 899

  • The bookings under the three-day sale will start from May 27
  • The sale offer will give customers the freedom to choose their date, time and cost of travel between June and December

 (Photo: PTI)
Inox Leisure shares hit a record high of  ₹355 today
 (AFP file)
 (Bloomberg)
Sensex ended 623 points higher at 39,434
Sensex ended 623 points higher at 39,434

Sensex ends at record closing high, a day after Modi's historic win

  • Oil prices have seen a sharp fall as US-China trade tensions dampened demand outlook
  • SBI, ICICI Bank, IndusInd Bank and Axis Bank saw strong gains

Karnataka chief minister H.D.Kumaraswamy (right) with deputy CM G.Parameshwara. (HT)
Karnataka chief minister H.D.Kumaraswamy (right) with deputy CM G.Parameshwara. (HT)

Karnataka: JD(S)-Congress to continue coalition government

  • Deputy CM Parameshwara says the JD(S)-Congress will continue its term in office as the election mandate was for the Lok Sabha and not for the state
  • An informal cabinet meet was convened by CM Kumaraswamy to discuss the next course of action for the state government

 (Mint file)
People look at the screen on BSE building as the sensex soars on the vote counting day for the 2019 Lok Sabha polls, in Mumbai.  (PTI )
BJP president Amit Shah and Prime Minister Narendra Modi at the party headquarters in New Delhi
BJP president Amit Shah and Prime Minister Narendra Modi at the party headquarters in New Delhi

10 reasons why the BJP swept the polls

  • Modi made people believe in themselves and in him
  • Modi’s nationalism brought down the traditional hurdles of caste and, in some areas, religion, too

Five sitting MPs retained their constituencies with record margins in the national capital. Photo: Hindustan Times
Five sitting MPs retained their constituencies with record margins in the national capital. Photo: Hindustan Times

197 sitting MPs retain seats in 2019 Lok Sabha polls

  • Kiren Rijiju, Jual Oram, Raja Mohan Singh, Nitin Gadkari and Babul Supriyo are among over 145 sitting BJP MPs from across the country who have retained their seats
  • The NCP had renominated sitting MP Mohammed Faizal P P from Lakshadweep and secured the seat in 2019 as well

Indian National Congress Party president Rahul Gandhi looks on during a press conference, in New Delhi on May 23, 2019. - Rahul Gandhi, leader of India's main opposition Congress party, conceded on May 23 he had lost his seat in the famous family's long-held home constituency. (Photo by SAJJAD HUSSAIN / AFP)
Indian National Congress Party president Rahul Gandhi looks on during a press conference, in New Delhi on May 23, 2019. - Rahul Gandhi, leader of India's main opposition Congress party, conceded on May 23 he had lost his seat in the famous family's long-held home constituency. (Photo by SAJJAD HUSSAIN / AFP)

Congress stares at erosion of its political credibility

  • Results a poor reflection on Rahul Gandhi’s leadership capabilities and Congress’ poll strategy to take on the BJP
  • Congress' campaign did not find resonance with the people and only those candidates who were strong locally, ended up winning

 (Ramesh Pathania/Mint)
Jokha Alharthi
The company posted a profit of  ₹743.12 crore for the same period of 2017-18. (R.V.S. Kumar/Mint)
The company posted a profit of 743.12 crore for the same period of 2017-18. (R.V.S. Kumar/Mint)

Ashok Leyland Q4 net dips 12% at 653 crore

  • The company posted a profit of 743.12 crore for the same period of 2017-18
  • The company's board recommended a dividend of 3.10 per share of Re 1 each for 2018-19

The decision comes days after Amul hiked milk prices by  ₹2 per litre. (Pradeep Gaur/Mint)
The decision comes days after Amul hiked milk prices by 2 per litre. (Pradeep Gaur/Mint)

Mother Dairy hikes milk prices by up to 2 a litre

  • Mother Dairy will raise the price of its poly pack milk variants in Delhi NCR from Saturday
  • The 1 litre pack has been increased by Re 1 only and the 500 ml pack by 2 a litre, effectively impacting the consumer by Re 1 per pack

JSW Steel has decided to raise its capex programme by  ₹5,700 crore to  ₹48,715 crore (Mint file)
Narendra Modi speaks after winning the Lok Sabha Elections at the Bhartiya Janata Party (BJP) headquarters in New Delhi. Photo: T. Narayan/Bloomberg
Prajwal Revanna (Twitter@ANI)
The Sensex had surged over 1,000 points at day's high (Photo: Aniruddha Chowdhury/Mint)
The Sensex had surged over 1,000 points at day's high (Photo: Aniruddha Chowdhury/Mint)

Modi 2.0: Sensex @45,000 is Morgan Stanley’s new one-year target

  • Morgan Stanley expects the RBI to be more accommodative and the economy to come out of its soft patch
  • The ongoing trends suggest that there will be continuity in administration, says Morgan Stanley

In the final tally of 8,048 candidates, only 711 were women. Photo: PTI
In the final tally of 8,048 candidates, only 711 were women. Photo: PTI

Opinion | 3 things we will remember about the Lok Sabha elections 2019

  • The 2019 elections were marked by a flood of fake news and disappointingly few female candidates
  • From Kunal Kamra to Satish Acharya, political dissenters got creative

A Falcon 9 SpaceX rocket, with a payload of 60 satellites for SpaceX's Starlink broadband network, lifts off from Space Launch Complex 40. (Photo: AP)
A Falcon 9 SpaceX rocket, with a payload of 60 satellites for SpaceX's Starlink broadband network, lifts off from Space Launch Complex 40. (Photo: AP)

SpaceX launches first 60 satellites of its internet network

  • One of the company's Falcon 9 rockets blasted off without incident from Cape Canaveral in Florida around 10:30 pm
  • Starlink will become operational once 800 satellites have been activated

People look at the screen on BSE building as the Sensex soars on the vote counting day for the 2019 Lok Sabha polls, in Mumbai.  (Photo: ANI)
People look at the screen on BSE building as the Sensex soars on the vote counting day for the 2019 Lok Sabha polls, in Mumbai. (Photo: ANI)

Equity market gets a reality check as election season ends

  • Stocks fell after rallying to records and the rupee slid as investors refocused on domestic realities, and posted modest gains on Friday
  • The government is already borrowing a record $100 billion, a key reason behind why a big rally has eluded local bonds

Netflix is for the second straight year largely absent from Cannes. (Photo: Bloomberg)
Netflix is for the second straight year largely absent from Cannes. (Photo: Bloomberg)

Netflix isn't absent at Cannes. It's everywhere.

  • A study conducted by the Sorbonne captured just how vital Netflix has been to festival marketplaces
  • 39% of Cannes premieres since 2009 have gone on to stream on Netflix, although most first had theatrical runs

H.D. Deve Gowda (Mint file)
H.D. Deve Gowda (Mint file)

Deve Gowda: Karnataka’s humbled Goliath

  • Gowda is among old-school politicians, well known for their coalition building skills
  • He won seven terms as a legislator since 1962, and six terms as Member of Parliament since 1991 including one stint as Karnataka CM and another as Prime Minister of India

Prime Minister Narendra Modi and BJP president Amit Shah at the party headquarters in New Delhi following a landslide win in the Lok Sabha elections on Thursday. (Photo: Pradeep Gaur/Mint)
Rupee strengthened 0.3% to 69.80 a dollar while India's benchmark Sensex rose 0.68% to 39,076.26 points. (Reuters)
Rupee strengthened 0.3% to 69.80 a dollar while India's benchmark Sensex rose 0.68% to 39,076.26 points. (Reuters)

Bond prices rise for third straight day

  • The 10-year bond yield was at 7.219%, compared with Thursday's close of 7.236%
  • Since the start of May, bond yield has fallen nearly 20 basis points

BJP leader Smriti Irani (PTI )
BJP supporters \walk with a giant party flag during an election campaign rally in Kolkata (Photo: PTI)
Photo: PTI
Prime Minister Narendra Modi (L) and Amit Shah. (Photo: Pradeep Gaur/Mint)
BJP supporters celebrate their party's lead in the Lok Sabha elections, at BJP Headquarters in New Delhi, Thursday, May 23, 2019. (Photo: PTI)
BJP supporters celebrate their party's lead in the Lok Sabha elections, at BJP Headquarters in New Delhi, Thursday, May 23, 2019. (Photo: PTI)

India the 'single best place' to put money, says Fairfax's Prem Watsa

  • Watsa's companies have invested about $3.7 billion in India, including a stake in Catholic Syrian Bank last year
  • Watsa is especially bullish on India and sees increased privatization in the economy under Modi

Photo: PTI
Photo: PTI

Legwork, foot soldiers and focus on its social schemes behind BJP’s success

  • BJP managed to build a strong organizational network, which helped it take the NDA govt’s flagship schemes to the socially, financially weaker sections
  • This importance of the elections for the BJP president can be gauged from the fact that Amit Shah travelled nearly 160,000km, holding 161 public meetings, 18 road shows and more than 1,500 meetings with BJP leaders and workers

Photo: Mint
Photo: Mint

Opinion: Down south, both Left and Right are at crossroads of political history

Right-wing forces have been trying to win in Kerala since the 1984 elections

A digital broadcast shows an image of Indian Prime Minister Narendra Modi next to stock prices outside the Bombay Stock Exchange (BSE) in Mumbai. (AFP )
A digital broadcast shows an image of Indian Prime Minister Narendra Modi next to stock prices outside the Bombay Stock Exchange (BSE) in Mumbai. (AFP )

With clear mandate, the pressure is on NDA 2.0 to get radical with reforms

The bankruptcy code and GST need more teeth to make them breakthrough reforms