A file photo of RIL chairman Mukesh Ambani.  (Pradeep Gaur/Mint)
A file photo of RIL chairman Mukesh Ambani. (Pradeep Gaur/Mint)

Reliance Industries topples IOC to become India's largest company

  • Fortune India said RIL posted a 41.5% rise in its revenue in the financial year 2018-19, which was 8.4% more than IOC
  • The Mukesh Ambani-led conglomerate also became the first privately-held India's largest corporation , Fortune India said

For India’s banks, saddled with bad loans of  ₹9.5 trillion, the findings by the Reserve Bank of India do not bode well (Photo: Reuters)
For India’s banks, saddled with bad loans of 9.5 trillion, the findings by the Reserve Bank of India do not bode well (Photo: Reuters)

Banks’ NPAs again stoke asset quality concerns

  • As many as 10 banks disclosed they had under-reported NPAs of close to 24,000 crore in the year ended 31 March
  • The country’s largest lender, SBI, reported the largest bad loan divergence so far this year, under-reporting gross NPAs of 11,932 crore

RBI Governor Shaktikanta Das. (ANI)

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More than age, it is income that determines investment decisions. Richer folk invest more than poorer lot (Illustration: Jayachandran/Mint)
Prime Minister Narendra Modi addresses during an election campaign ahead of the fifth phase of Jharkhand Assembly election at Santhal Pragana in Dumka. (ANI)
Prime Minister Narendra Modi addresses during an election campaign ahead of the fifth phase of Jharkhand Assembly election at Santhal Pragana in Dumka. (ANI)

Modi says debate part of democracy, Citizenship Act protest 'unfortunate'

  • The statements of Modi came on a day when allegations of police brutality were made by students of Jamia Milia Islamia, Aligarh Muslim University (AMU)
  • Modi also said that damage to public property and disturbance of normal life were never part of the ethos of people

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Nirmala Sitharaman begins pre-Budget consultations today. Photo: @FinMinIndia
Pledging of promoter shares is down to  ₹2.24 tn for 838 firms now from  ₹3.11 tn for 906 firms in January 2018 (Photo: Mint)
Pledging of promoter shares is down to 2.24 tn for 838 firms now from 3.11 tn for 906 firms in January 2018 (Photo: Mint)

More promoters buy back pledged shares fearing loss of control

  • Promoters of 232 firms have brought down their pledges from 1.27 tn on 14 Dec 2018 to 87,123 cr now
  • Founders of Essar Steel and Jet Airways are among those who have lost control of their companies in the past year

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A file photo of Zomato delivery boys.  (Mint)
A file photo of Zomato delivery boys. (Mint)

Zomato in advanced talks to buy UberEats: Report

  • As an event in Delhi earlier this month, Zomato CEO Deepinder Goyal said the company is aiming to raise up to $600 million in a new funding round
  • Zomato is currently delivering 1.3 million orders a day from 150,000 restaurants across India

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At 0952 am, the shares of RIL were 0.3% up at  ₹1587 apiece on the BSE.
Zerodha’s co-founder Nikhil Kamath
Students protest shirtless at the campus against Delhi Police's action on students at Jamia Millia Islamia yesterday (PTI)
Students protest shirtless at the campus against Delhi Police's action on students at Jamia Millia Islamia yesterday (PTI)

Universities erupt in solidarity with Jamia students over protests against CAB

  • Students at Patna University, BHU, IIT Bombay, Tata Institute of Social Science, a university in Lucknow, couple of universities in Hyderabad, joined the protest to express support for Jamia students
  • The Supreme Court on Monday said it will hear a case related to the assault on Jamia students

In case, she now sells the house, the sale transaction would trigger LTCG tax in her hands  (Photo: iStock)
Systematic investment plans, preferred by smaller investors, plug gaps in equity markets as high net-worth individuals redeem their mutual fund holdings (Photo: Aniruddha Chowdhury/Mint)
Systematic investment plans, preferred by smaller investors, plug gaps in equity markets as high net-worth individuals redeem their mutual fund holdings (Photo: Aniruddha Chowdhury/Mint)

Humble SIPs rush in as HNIs begin their exit

  • The number of SIP folios has increased since April, with about 29.4 million folios active at the end of November
  • Systematic investment plans are likely to keep the mutual fund fire burning for sometime, at least among small investors

Swiggy’s expenses for FY19 increased to  ₹3,659.1 crore, which is a sharp increase compared to  ₹841.4 crore expenses reported a year ago. Photo: Priyanka Parashar/Mint
Swiggy’s expenses for FY19 increased to 3,659.1 crore, which is a sharp increase compared to 841.4 crore expenses reported a year ago. Photo: Priyanka Parashar/Mint

Swiggy's losses rise six-fold to 2,367 crore in FY19

  • Currently, Swiggy clocks nearly 1.4 million food orders daily across India, compared with about 700,000 orders per day a year ago
  • Swiggy posted a net loss of 2,367 crore in FY19, which is a substantial increase compared to 385 crore losses posted a year ago in FY18

IT stocks also gained with HCL Technologies, TCS and Tech Mahindra shares rising 1-2%. (Photo: Hemant Mishra/Mint)
IT stocks also gained with HCL Technologies, TCS and Tech Mahindra shares rising 1-2%. (Photo: Hemant Mishra/Mint)

Sensex erases gains, ends lower amid caution

  • During the day, the benchmark Sensex hit a fresh record high of 41185.03 points while Nifty hit a high of 12134.65 points
  • The benchmark Sensex was closed 0.17% lower at 40938.72 points, while Nifty declined 0.22% to end at 12060.70 points

Investors are worried that increased competition due to the entry of Reliance Life Sciences Pvt. Ltd into the diagnostics space could squeeze margins and reduce return on equity. (REUTERS)
Investors are worried that increased competition due to the entry of Reliance Life Sciences Pvt. Ltd into the diagnostics space could squeeze margins and reduce return on equity. (REUTERS)

Will Reliance Life Sciences do a Jio in the diagnostics space?

  • Should investors worry about Reliance doing a Jio in the diagnostics space as well?
  • Diagnostics is a fragmented industry and also highly under-penetrated

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Long Reads
Britain’s PM Boris Johnson is greeted by staff as he arrives back at Downing Street, after meeting Queen Elizabeth and accepting her invitation to form a new government after the Conservatives returned to power in the general election with an increased majority, in London, on Friday. (Photo: Reuters)

Stormy weather in disunited kingdom

10 min read . 11:37 AM IST
Members of the All Assam Students’ Union at a protest rally against the implementation of the Citizenship Amendment Bill, in Guwahati on 8 December (Photo: PTI)

The new fault lines in the North-East

9 min read . 11 Dec 2019
Past achievements are no longer any guarantee of future success. Everyone accepts that agility, speed of response and adaptability are the most essential qualities  (Illustration: Jayachandran/Mint)

The disappearance of management mantras

10 min read . 11 Dec 2019
Plain Facts
This deal will raise Manchester City’s profile in India. (Photo: AP)

Do Manchester and Mumbai meet?

4 min read . 12 Dec 2019
Police and courts take time to process all crimes against women, not just rape cases.

Justice system lets women down

4 min read . 11 Dec 2019
You pay only for insurance and after the policy term ends, you don’t get any money back (Photo: iStock)
You pay only for insurance and after the policy term ends, you don’t get any money back (Photo: iStock)

Term plan premiums: A ready reckoner

  • A look at premium rates for some insurance policies of a sum assured of 1 crore across three age categories for policy terms of 30, 25 and 20 years
  • The claims settlement rate is measured by the value of the policies as a lower settlement rate is indicative of high ticket-size policies being rejected

These are pre-approved loans—the lender has already looked at your information, based on which it is offering this loan
These are pre-approved loans—the lender has already looked at your information, based on which it is offering this loan

Personal loan rates compared: SBI vs HDFC Bank vs PNB

  • There are various versions of personal loans available now, some of which are called instant loans
  • Personal loans come with high interest rates, so continuous default will put you on a downward spiral

The higher rates that NCDs offer come at the cost of higher risk (Photo: iStock)
The higher rates that NCDs offer come at the cost of higher risk (Photo: iStock)

Diversify between NCDs and FDs for lower risk

  • If you are below the 20% tax bracket, you can consider buying NCDs to diversify your debt portfolio, but check the rating and limit your exposure
  • No matter how attractive an NCD may seem, don’t invest more than 5% in NCDs of a single company

Vedanta chairman Anil Agarwal (Mint )
Vedanta chairman Anil Agarwal (Mint )

Govt has no business to be in business: Anil Agarwal

  • Anil Agarwal further said the government is sitting with the largest and best reserves of oil and gas and coal along with gold and diamond
  • Anil Agarwal emphasised on the need for reduction of bureaucratic interference in the functioning of the businesses

Wedding insurance policies aren’t very expensive, and you need to pay only a one-time premium (Photo; Getty Images)
Wedding insurance policies aren’t very expensive, and you need to pay only a one-time premium (Photo; Getty Images)

Should you insure that big fat Indian wedding?

  • Weddings are expensive affairs, so make sure you take a cover for any eventuality
  • Declare all the details such as the number of guests attending the wedding at the time of buying insurance

In 2017, the EPFO introduced a simplified one-page claim form which can be used for partial as well as complete withdrawal
In 2017, the EPFO introduced a simplified one-page claim form which can be used for partial as well as complete withdrawal

Here’s how you can withdraw your EPF corpus online

  • Note that the Employees’ Provident Fund Organisation (EPFO) allows full withdrawal of funds only if you’ve been unemployed for at least two months
  • In 2017, the EPFO introduced a simplified one-page claim form which can be used for partial as well as complete withdrawal

Vistara chief commercial officer (CCO) Sanjiv Kapoor. (Bloomberg)
Vistara chief commercial officer (CCO) Sanjiv Kapoor. (Bloomberg)

Vistara CCO Sanjiv Kapoor steps down effective 31 December

  • Vistara’s Chief Strategy Officer, Vinod Kannan, will subsequently take over as the CCO
  • The change of guard at Vistara comes just a day after the announcement of Ankur Garg as CCO at Tata Group’s other airline joint venture, AirAsia India

A file photo of SpaceX owner and Tesla CEO Elon Musk. (Reuters)
A file photo of SpaceX owner and Tesla CEO Elon Musk. (Reuters)

Elon Musk's SpaceX to send marijuana to International Space Station next year

  • The plant cell cultures of hemp and coffee will be shipped off in the SpaceX 'CRS-20' cargo flight set for launch in March
  • The cultures will remain in an ISS incubator for 30 days while BioServe Space Technologies monitors those remotely from the University of Colorado, Boulder

The Coromandal Express from Howrah to Chennai, which was scheduled to leave Howrah today, was also cancelled. (Mint)
The Coromandal Express from Howrah to Chennai, which was scheduled to leave Howrah today, was also cancelled. (Mint)

New Jalpaiguri to Howrah Shatabdi Express cancelled following CAA protest

  • The Coromandal Express from Howrah to Chennai, which was scheduled to leave Howrah today, was also cancelled
  • Protests erupted in several parts of the Northeast following the passage of Citizenship (Amendment) Act, 2019

When it comes to design, the Realme X2 Pro is a mixed bag.
Since 2017, Google’s cloud-computing unit has disclosed contracts with oil-services giant Schlumberger Ltd., Chevron Corp.  (AP)
Since 2017, Google’s cloud-computing unit has disclosed contracts with oil-services giant Schlumberger Ltd., Chevron Corp. (AP)

Google work culture war escalates as era of transparency wanes

  • Many large companies have policies restricting access to sensitive information to a 'need-to-know' basis
  • . About 20,000 employees walked out last fall over the company’s generous treatment of executives accused of sexual harassment

Motorola Razr flip phone is a 6.2-inch smartphone, with a foldable display
The board accused the co-founder, Eric Gilmore, of expensing $76,120 at strip clubs
The board accused the co-founder, Eric Gilmore, of expensing $76,120 at strip clubs

A startup fired its CEO for expensing $76,120 at strip clubs

  • The expenses spanned a three-year period at Turvo, a maker of logistics software in Silicon Valley
  • The board accused the co-founder, Eric Gilmore, of expensing $76,120 at strip clubs over a three-year span and removed him as CEO in May

Yes Bank, PNB, InterGlobe Aviation, Tata Motors shares to be in focus today. (Photo: Reuters)
An Army jawan stands guard in a locality during relaxation of curfew, in Dibrugarh (Photo: PTI)
An Army jawan stands guard in a locality during relaxation of curfew, in Dibrugarh (Photo: PTI)

Army will be back in barracks soon: Army Commander on North-East

  • Almost 24 Army columns were requisitioned in Upper Assam while 12 columns in lower Assam to aid and assist the civil administration in maintaining law and order
  • The region has been witnessing protests over the Citizenship (Amendment) Act

File photo of bank (Representative image) (AP)
File photo of bank (Representative image) (AP)

Bank issues legal notice for dues of just 50 paise

  • The case pertains to Khetri of Jhunjhunu district
  • Singh, who is reportedly suffering from a spinal injury, was unable to make it to the Lok-Adalat in Khetri to pay his due

SBI had the largest exposure to Essar Steel of over  ₹13,000 crore (Bloomberg)
Air India at present has the right to operate 42 flights per week to London. (Reuters)
A file photo of the New Delhi airport. Representative image. Photo: Pradeep Gaur/Mint
If you miss the advance tax deadline, you may have to pay a penalty. (iStock)
Several users on various social media platforms like Reddit have posted about targeted advertising by Facebook (REUTERS)
Several users on various social media platforms like Reddit have posted about targeted advertising by Facebook (REUTERS)

Not just online shopping, Facebook tracks store data to target users with ads

  • Retail companies are sending Facebook 'names, phone numbers and email addresses attached to what products people have purchased'
  • Facebook's revenue was $17.6 billion and ads contributed a whopping $17.3 billion of the total revenue

Students and other protest against the police action against students of the Jamia Millia Islamia University. at PHQ in New Delhi on Sunday. (PTI)
Students and other protest against the police action against students of the Jamia Millia Islamia University. at PHQ in New Delhi on Sunday. (PTI)

Jamia students leave campus with luggage as varsity closes down till 5 January

  • Jamia Millia Islamia University is closed till 5 January owing to Sunday's violent protests over the Citizenship (Amendment) Act, 2019
  • The students of JMI and Jawaharlal Nehru University (JNU) had staged a protest at the Police Head Quarters (PHQ) on Sunday

A worker fixes a FASTag sticker on the windscreen of a car at Vashi Toll Plaza on Sion Panvel Highway.  (PTI)
A worker fixes a FASTag sticker on the windscreen of a car at Vashi Toll Plaza on Sion Panvel Highway. (PTI)

FASTag implementation evokes mixed reaction from commuters

  • At a toll plaza, 75% lanes will be accepting FASTag
  • The government is offering incentives of 2.5 per cent cashback in FASTags till March 2020

Gold price today:  ₹37,754 per 10 gram
Personal mails, confidential information and other sorts of sensitive matter shared over mail has a high potentiality of being exposed if misused by others.
Aadhaar has become the world’s largest biometric identification, with UIDAI having issued more than a billion cards. (Pradeep Gaur/Mint)
Aadhaar has become the world’s largest biometric identification, with UIDAI having issued more than a billion cards. (Pradeep Gaur/Mint)

Mandatory to link PAN-Aadhaar by 31 December: I-T Dept

  • It is mandatory to link your PAN with Aadhaar, according to the public message issued a fortnight before the deadline ends
  • The deadline to link the PAN with Aadhaar was extended till 31 December by the CBDT

WhatsApp is continuing to add new features for the Dark Theme before the release (WABetaInfo)
There is no minimum limit for making NEFT transfers.
The premium rates vary by age and other add-on benefits you choose. (Photo: iStock)
The premium rates vary by age and other add-on benefits you choose. (Photo: iStock)

Hospital cash plans pay daily allowance

  • These are fixed-benefit products, so the payouts are made irrespective of any other insurance policy that you may have
  • The insurance premium rates vary by age and other add-on benefits you choose

Provisions for NPAs made by the bank in FY19 stood at  ₹48151.15 crore but it needed to provide  ₹50,242.15 crore. (Photo: Reuters)
Provisions for NPAs made by the bank in FY19 stood at 48151.15 crore but it needed to provide 50,242.15 crore. (Photo: Reuters)

PNB under-reported bad loans by 2,617 crore in FY19, shows RBI report

  • The divergence in provisioning for bad loans in FY19 was to the tune of 2,091 crore
  • PNB reported gross NPAs of 78,472.70 crore, while as per RBI's assessment the figure was 81,089.70 crore

For individual users, the porting request shall not be rejected till the validity of UPC, said Trai
SBI has loan options for under-construction properties and government employees. (Mint)
WhatsApp is continuing to add new features for the Dark Theme before the release (WABetaInfo)