FILE PHOTO: A GoAir Airbus A320neo passenger aircraft is parked at the Airbus factory in Blagnac near Toulouse, July 1, 2020. REUTERS/Benoit Tessier/File Photo (REUTERS)
FILE PHOTO: A GoAir Airbus A320neo passenger aircraft is parked at the Airbus factory in Blagnac near Toulouse, July 1, 2020. REUTERS/Benoit Tessier/File Photo (REUTERS)
wsj

The Airbus A320 has become aviation’s last refuge

The European plane maker will increase production rates of the short-haul workhorse next year, throwing a lifeline to a battered industry

Prime Minister Narendra Modi. (Photo: PTI)
We now need to start looking ahead, towards the opportunities and challenges that covid has presented us. (Shutterstock)
We now need to start looking ahead, towards the opportunities and challenges that covid has presented us. (Shutterstock)

Covid-19 will change the way we consume advice and invest for our future

According to a recent study published by McKinsey & Co., Asia accounts for $34 trillion of assets. Of these, only 15-20% are under advisory or managed accounts. This is expected to shift significantly to close to 50% considering two key factors.

If a person spends less than three times the LTC cash allowance, the tax exemption and the LTC cash allowance will stand reduced by the proportion of the shortfall in spending.  Photo: iStock

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Houston : Democratic vice presidential candidate Sen. Kamala Harris, D-Calif., greets supporters before speaking during a campaign stop at the University of Houston Friday, Oct. 30, 2020, in Houston. AP/PTI(AP31-10-2020_000001B) (AP)
Houston : Democratic vice presidential candidate Sen. Kamala Harris, D-Calif., greets supporters before speaking during a campaign stop at the University of Houston Friday, Oct. 30, 2020, in Houston. AP/PTI(AP31-10-2020_000001B) (AP)

Kamala Harris: On the cusp of US election history

  • Harris comes into the November 3 election already a repeat trailblazer as California's first Black attorney general and the first woman of South Asian heritage elected to the US Senate
  • Kamala Harris was born on October 20, 1964 in Oakland, California, then a hub for civil rights and anti-war activism.

Fishing boats anchored at the Vizhinjam fisheries harbour, due to bad weather along Kerala coast, in Thiruvananthapuram. (PTI)
Fishing boats anchored at the Vizhinjam fisheries harbour, due to bad weather along Kerala coast, in Thiruvananthapuram. (PTI)

Kerala best governed state, Bihar, UP at bottom: PAC ranking

  • In the large state category in terms of governance, 4 southern states -- Kerala (1.388 PAI Index point), TN (0.912), Andhra Pradesh (0.531) and Karnataka (0.468) stood in the first four ranks
  • Uttar Pradesh, Odisha and Bihar were at the bottom of the ranking, scoring negative points in the category

This September 2020 photo provided by Johnson & Johnson shows vials for a single-dose COVID-19 vaccine being developed by the company. On Friday, Oct. 23, 2020, Johnson & Johnson announced that the Food and Drug Administration is letting it resume testing of its COVID-19 vaccine candidate in the U.S. (Cheryl Gerber/Johnson & Johnson via AP) (AP)
This September 2020 photo provided by Johnson & Johnson shows vials for a single-dose COVID-19 vaccine being developed by the company. On Friday, Oct. 23, 2020, Johnson & Johnson announced that the Food and Drug Administration is letting it resume testing of its COVID-19 vaccine candidate in the U.S. (Cheryl Gerber/Johnson & Johnson via AP) (AP)

Johnson & Johnson plans to test its covid-19 vaccine in ages 12-18 soon

  • J&J said in a statement that it is currently in discussions with regulators and partners regarding the inclusion of the pediatric population in its trials
  • J&J started testing the vaccine in adults in a 60,000-volunteer Phase III study in late September

When it comes to footfall at transit stations, Mumbai fares the worst among the main metros, down 57% over its pre-pandemic levels (Photo: AP)

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Virat Kohli of RCB celebrates a dismissal during match 25 of IPL 2020 at the Dubai International Cricket Stadium, in Dubai on Saturday (ANI)
Virat Kohli of RCB celebrates a dismissal during match 25 of IPL 2020 at the Dubai International Cricket Stadium, in Dubai on Saturday (ANI)

Virat Kohli, Dhoni, Chennai Super Kings drive IPL popularity this year: Report

  • Rahul Tewatia is the most popular all-rounder and Jofra Archer the most popular bowler
  • By the time the IPL reaches its finale in November, it is expected to register 60 million conversations, nearly double the 37 million conversations it had notched up last year across several social media platforms

The offer departs from the initial stated intent of Cyrus Mistry and family to seek a complete separation from the Tata group. (PTI)
The offer departs from the initial stated intent of Cyrus Mistry and family to seek a complete separation from the Tata group. (PTI)

Shapoorji Pallonji group’s latest offer may not find favour with Tatas

  • The latest move by the Mistry group to seek cashless settlement marks a departure from an earlier stance where it was considering accepting staggered payments from Tata Sons
  • The arrangement will help reduce possibility of any additional debt on Tata group, Mistry family said in the application filed SC

FILE PHOTO: A healthcare worker collects a swab sample from a person at a COVID-19 testing site as the spread of the coronavirus disease (COVID-19) continues, in Nizna, Slovakia October 23, 2020. REUTERS/Radovan Stoklasa/File Photo (REUTERS)
FILE PHOTO: A healthcare worker collects a swab sample from a person at a COVID-19 testing site as the spread of the coronavirus disease (COVID-19) continues, in Nizna, Slovakia October 23, 2020. REUTERS/Radovan Stoklasa/File Photo (REUTERS)

In global first, this country starts testing its entire population for Covid-19

  • Some 45,000 medical workers, army and police are being deployed to carry out the tests in the EU member state of 5.4 million people
  • Anyone who tests positive has to go immediately into quarantine for 10 days

Mumbai: A policeman takes selfie with children during Eid-e-Milad-un-Nabi celebrations (PTI)
Buddhist nuns walk past a poster showing Chinese President Xin Jinping and former Chinese leaders Jiang Zemin, Mao Zedong, Deng Xiaoping and Hu Jintao in Potala Palace square in Lhasa, during a government-organised tour of the Tibet Autonomous Region, China, October 15, 2020. Picture taken October 15, 2020. REUTERS/Thomas Peter (REUTERS)
Buddhist nuns walk past a poster showing Chinese President Xin Jinping and former Chinese leaders Jiang Zemin, Mao Zedong, Deng Xiaoping and Hu Jintao in Potala Palace square in Lhasa, during a government-organised tour of the Tibet Autonomous Region, China, October 15, 2020. Picture taken October 15, 2020. REUTERS/Thomas Peter (REUTERS)

China wants to build a Tibet with more wealth and less Buddhism

  • For China, showcasing Tibetans singing the Communist Party’s praises helps affirm its legitimacy to rule the region
  • In Tibet, often called the 'Roof of the World' because of its high elevation along the Himalayas, ethnic Tibetans comprise about 90% of the 3.5 million people spread across an area the size of South Africa

Rashtriya Janta dal (RJD) leader Tejashwi Yadav addresses an election rally ahead of the second phase of the Bihar assembly election in Samastipur on Friday. (ANI Photo)
Rashtriya Janta dal (RJD) leader Tejashwi Yadav addresses an election rally ahead of the second phase of the Bihar assembly election in Samastipur on Friday. (ANI Photo)

Battleground Raghopur: In Lalu bastion, no walkover for Tejashwi Yadav

  • A part of the Hajipur Lok Sabha seat, Raghopur assembly segment in Vaishali district will vote in the second phase on November 3
  • The Grand Alliance, spearheaded by the RJD and with the Congress and Left parties as its members, has already announced Tejashwi as its CM candidate

Talks between the companies started before the pandemic, according to Inspire (AP)
Shreyash Devalkar has been managing Axis Midcap Fund since November 2016. The scheme manages assets worth  ₹6,732 crore. iStockphoto
Rescue operations take place on a site after an earthquake struck the Aegean Sea, in the coastal province of Izmir, Turkey, October 31, 2020. REUTERS/Kemal Aslan (REUTERS)
Rescue operations take place on a site after an earthquake struck the Aegean Sea, in the coastal province of Izmir, Turkey, October 31, 2020. REUTERS/Kemal Aslan (REUTERS)

26 dead, buildings collapse as major earthquake hits Turkey, Greece

  • The US Geological Survey said the 7.0 magnitude tremor hit 14 kilometres (nine miles) off the Greek town of Karlovasi on Samos
  • Much of the damage occurred in and around Turkey's Aegean resort city of Izmir, which has three million residents and is filled with high-rise apartment blocks

Renowned sand artist Sudarsan Pattnaik creates a sand sculpture with message 'Tribute to Iron Man Sardar Patel' on the occasion of Sardar Vallabhbhai Patel's birth anniversary, at Puri beach in Odisha. (PTI)
Renowned sand artist Sudarsan Pattnaik creates a sand sculpture with message 'Tribute to Iron Man Sardar Patel' on the occasion of Sardar Vallabhbhai Patel's birth anniversary, at Puri beach in Odisha. (PTI)

Leaders pay tribute to Sardar Vallabhbhai Patel on his 145th birth anniversary

  • Sardar Vallabhbhai Patel's birth anniversary is being celebrated as 'Rashtriya Ekta Diwas' (National Unity Day) since 2014
  • Sardar Vallabhbhai Patel, who is credited with uniting all 562 princely states of the pre-independent country to build the Republic of India, passed away on December 15, 1950

In September, housing loans grew by  ₹10,300 crore, while other personal loans increased by  ₹12,400 crore from August.ht
In September, housing loans grew by 10,300 crore, while other personal loans increased by 12,400 crore from August.ht

Retail, small biz loans aid credit recovery in September

  • While bankers expect credit growth to pick up to 8% by March-end, rating agencies like Crisil say FY21 is likely to be a washout year
  • On a year-on-year basis, bank credit rose just 5.8% in September, compared to an 8.2% growth in September 2019

Apple One pricing is displayed during a virtual product launch seen on a laptop computer in Tiskilwa, Illinois,  (Bloomberg)
A woman walks by the empty Tuileries gardens in the center of Paris. (AP)
A woman walks by the empty Tuileries gardens in the center of Paris. (AP)

Europe and US pass coronavirus milestones as France locks down

  • France's 65 million people woke on Friday to a new lockdown, largely confined to their homes and needing written statements to leave
  • Total number of cases passed nine million, while 229,000 people have died of the disease in the US

Union Minister for Railways and Commerce & Industry Piyush Goyal holding a press conference on Cabinet Decisions, in New Delhi. (ANI)
Union Minister for Railways and Commerce & Industry Piyush Goyal holding a press conference on Cabinet Decisions, in New Delhi. (ANI)

Centre moves to check retail inflation

  • The government is also supplying moong, tur and urad to states from its buffer stocks in a retail intervention to reduce prices
  • The govt said it will import 1 mt of potatoes by 31 January and has announced steps to curb the rising prices of pulses

Disney's parks closed last spring as the coronavirus began spreading (AP)
Disney's parks closed last spring as the coronavirus began spreading (AP)

Disney World to lay off 11,000 amid pandemic

Disney World said in a letter to state and local leaders Thursday that the 11,350 union workers — mostly part-timers — will be laid off at the end of the year

'An ESG Portfolio is a specialised portfolio and selecting an ESG based index over pure large-cap enhances the return, lowers the portfolio volatility and drawdown,' says Swarup Mohanty. CEO, Mirae Asset Investment Managers (India).
Jio reported a net profit of  ₹2,844 crore for Q2.mint
Jio reported a net profit of 2,844 crore for Q2.mint

Jio, retail push up RIL revenue in Q2

  • Company beats estimates by posting a profit of 9,567 crore
  • The decline in oil and gas revenue was, however, cushioned by strong revenue growth in the company’s telecom and retail arms housed under Jio Platforms Ltd and Reliance Retail Ventures Ltd.

 The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City. (REUTERS)
The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City. (REUTERS)

Tech slide, pandemic surge slam Wall Street, biggest weekly loss since March

  • The S&P 500 has fallen about 8.9% since hitting an all-time high in early September in a rally driven by the tech mega caps
  • The pandemic pushed US hospitals to the brink of capacity as coronavirus cases surpassed 9 million

NITI Aayog vice chairman Rajiv Kumar. (HT)
Reliance Industries Limited chairman Mukesh Ambani (REUTERS)
Ahead of Chandi Padvo, a festival falling a day after Sharad Poornima, a sweet shop in Surat has launched 'Gold Ghari' -a different version of ghari, a sweet dish from Surat. (ANI)
Photo: Mint
Passengers undergo thermal scanning before boarding a DTC bus
Passengers undergo thermal scanning before boarding a DTC bus

Delhi public buses will run with full seating capacity

  • The number of DTC and Cluster buses seat up to 40-45 passengers
  • Bus stops in the city witnessed long queues as a result of the reduced capacity of passengers allowed in the buses

Reliance Jio, a subsidiary of Reliance Industries, posted Q2 results today (MINT_PRINT)
The telco’s Arpu rose to  ₹119, up from  ₹114 in the June quarter and  ₹107 a year ago
The telco’s Arpu rose to 119, up from 114 in the June quarter and 107 a year ago

Voda Idea may move first on rate hike: CEO

  • Current prices are unsustainable, Takkar tells analysts at a post-earnings call
  • The telco will not shy away from hiking prices and hopes others in industry will follow too: CEO

DLF said it is taking steps to get the rental business ready for a real estate investment trust. (Photo: Mint)
DLF said it is taking steps to get the rental business ready for a real estate investment trust. (Photo: Mint)

DLF's Q2 net profit declines 49% to 228 cr

  • Demand uptick in the residential business will lead to recovery, it said
  • New sales bookings for the September quarter rose to 853 crore from 152 crore in the preceding quarter

The private tutoring industry could be worth more than $100 billion world-wide and online tutoring is a growing part of that.
The private tutoring industry could be worth more than $100 billion world-wide and online tutoring is a growing part of that.
wsj

As covid-19 closes US classrooms, families turn to India for homework help

  • Demand for online study support is fueling business for Indian teachers, who are tutoring American children on everything from calculus to computer programming

Lady passengers giving their journey details to RPF personnel
Lady passengers giving their journey details to RPF personnel

Railways launches 'Meri Saheli' to provide security to women pax. Check details

  • Indian Railways has launched 'Meri Saheli' initiative for focused action on security of women across with an objective to provide safety and security to lady passengers travelling by trains
  • Details of the journey will be noted down by team, especially if a lady is travelling alone in the train

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A heath worker draws the 'Gam-COVID-Vac', also known as 'Sputnik V', COVID-19 vaccine, developed by the Gamaleya National Research Center for Epidemiology and Microbiology and the Russian Direct Investment Fund (RDIF), from a vial during a post-registration phase trial at the City Clinic #46 in Moscow, Russia, on Wednesday, Sept. 23, 2020. The Russian Direct Investment Fund will sell 32 million doses of Sputnik V to Mexico, with deliveries starting in November, the sovereign wealth fund said in a statement. Photographer: Andrey Rudakov/Bloomberg (Bloomberg)
A heath worker draws the 'Gam-COVID-Vac', also known as 'Sputnik V', COVID-19 vaccine, developed by the Gamaleya National Research Center for Epidemiology and Microbiology and the Russian Direct Investment Fund (RDIF), from a vial during a post-registration phase trial at the City Clinic #46 in Moscow, Russia, on Wednesday, Sept. 23, 2020. The Russian Direct Investment Fund will sell 32 million doses of Sputnik V to Mexico, with deliveries starting in November, the sovereign wealth fund said in a statement. Photographer: Andrey Rudakov/Bloomberg (Bloomberg)

Russian researchers deny reports of Sputnik V trials being temporarily halted

  • Gamaleya director Alexander Ginzburg further explained that the trials continue, with innoculations going on as usual

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