Vistara currently has 23 Airbus A320 and nie Boeing 737-800NG aircraft fleet, according to its website (Photo: Reuters)
Vistara currently has 23 Airbus A320 and nie Boeing 737-800NG aircraft fleet, according to its website (Photo: Reuters)

Vistara signs $2.4 billion engine and maintenance contract with CFM

  • CFM International is a joint venture between GE Aviation, a division of General Electric and Safran Aircraft Engines
  • Under the terms of the RPFH agreement, engine maker CFM guarantees maintenance costs for the Vistara’s LEAP-1A engines on a dollar per engine flight hour basis

This was a tit-for-tat move after its bitter rival Jio did the same (Aniruddha Chowdhury/Mint)
Joy Thomas, former MD of PMC Bank (Photo: PTI)
Joy Thomas, former MD of PMC Bank (Photo: PTI)

PMC Bank scam: Former MD Joy Thomas sent to jail as fraud probe deepens

  • Joy Thomas stands accused in a police complaint of criminal breach of trust, forgery and falsification of records in relation to PMC's dealings with the now bankrupt realty firm HDIL
  • PMC Bank allegedly made over 21,000 fictitious accounts to hide loans it made to HDIL

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Britain and the EU have concluded a Brexit deal. Photo: Reuters
Abhishek Lodha, managing director of Lodha Group. Photo: Hemant Mishra/Mint
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Finance Minister Nirmala Sitharaman interacts with global investors at the headquarters of IMF in Washington (PTI)
Finance Minister Nirmala Sitharaman interacts with global investors at the headquarters of IMF in Washington (PTI)

No better place to invest than in India: FM Nirmala Sitharaman

  • India is one of the fastest growing (economies) even today, said Sitharaman
  • The government is committed to maintaining fiscal deficit in India, she said

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India's drone market is worth around $900 million, according to industry estimates (Photo: AP)
India's drone market is worth around $900 million, according to industry estimates (Photo: AP)

Aviation regulator DGCA gives its approval to 5 firms to manufacture drones

  • The move is expected to reduce import dependence and give the necessary push to the nascent domestic industry, says DGCA director general
  • Last year, minimum manufacturing standards and training requirements of drone pilots were set out in the the 'Drone Regulations 1.0

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India’s decline is largely due to financial sector indicators, with stock market capitalization registering a fall (Photo: AP)

India slips in the EM league tables

3 min read . 16 Oct 2019
Prime Minister Narendra Modi receives a memento from Haryana Chief Minister Manohar Lal Khattar at an election campaign rally ahead of Haryana Assembly elections, in Kurukshetra. As part of its national strategy, BJP has reached out to sub-castes which were neglected by the previous govts (Photo: PTI)

BJP and caste equation in Haryana

4 min read . 15 Oct 2019
International migration is largely male, while domestic migration is feminized and marriage-driven (Photo: Mint)

The NRI and the Bihari in Mumbai

4 min read . 14 Oct 2019
In keeping with the optimism in broader markets, shares of all these companies have run up after the corporate tax rate cuts
In keeping with the optimism in broader markets, shares of all these companies have run up after the corporate tax rate cuts

Will oil companies’ Q2 numbers fuel investor confidence?

  • State-run oil marketing companies BPCL, IOC and HPCL are expected to cough up a good set of numbers for the September quarter
  • A sequential recovery in refining margin should help RIL’s refining business earnings

The major objective of IIRS is to understand the origin and evolution of the Moon. (@ISRO)
New Delhi: Senior Congress leader and former finance minister P Chidambaram after being produced in the Rouse Avenue Court in connection with the INX Media corruption case, in New Delhi,  (PTI)
New Delhi: Senior Congress leader and former finance minister P Chidambaram after being produced in the Rouse Avenue Court in connection with the INX Media corruption case, in New Delhi, (PTI)

INX Media: Delhi court allows ED to quiz Chidambaram till October 24

  • The probe agency has sought 14-day custodial interrogation of the 74-year old senior Congress leader
  • Special judge Ajay Kumar Kuhar allowed the ED to quiz Chidambaram

A file photo of Pinarayi Vijayan, Kerala chief minister
A file photo of Pinarayi Vijayan, Kerala chief minister

Caste might test communist faith in Kerala bypoll

  • The bypolls are seen as a curtain-raiser for the battle for Kerala in 2021 assembly polls
  • Nair’s attacks have spun the conversations around the by-election, entering into the final lap of campaigning next week, entirely around caste and religion

Sensex rose 453 points to 39,052 (Reuters)
Users can choose to book a car of their choice—sedans, hatchbacks, and SUVs— for a minimum of 2 hours along with a security deposit starting at  ₹2000
Users can choose to book a car of their choice—sedans, hatchbacks, and SUVs— for a minimum of 2 hours along with a security deposit starting at 2000

Ola launches self-drive car rentals, eyes 20K cars on road by 2020

  • The service was initially rolled out for users in Bengaluru as a pilot, with plans to launch into Hyderabad, Mumbai, and New Delhi shortly
  • The service will have designated pick-up and drop-off points located across different residential and commercial hubs

Former finance minister P. Chidambaram.  (Photo: HT)
Minister of State for Finance Anurag Thakur. (PTI)
The collegium also recommended the elevation of Rajasthan High Court Judge Mohammad Rafiq as the Chief Justice of the Meghalaya High Court (Photo: Mint)
The collegium also recommended the elevation of Rajasthan High Court Judge Mohammad Rafiq as the Chief Justice of the Meghalaya High Court (Photo: Mint)

Supreme Court collegium recommends appointment of 5 HC chief justices

  • The Supreme Court collegium has recommended transfer of Patna High Court Chief Justice A.P. Sahi to the Madras HC
  • The decisions were taken at a Collegium meeting held on 15 October where it reconsidered and modified its earlier recommendations dated 28 August

The proceeds will be used for setting up coal-fired stations using ultra super-critical technology. Photo: Bloomberg
The proceeds will be used for setting up coal-fired stations using ultra super-critical technology. Photo: Bloomberg

NTPC plans to raise $100 mn from international markets

  • The plan also includes a green shoe option of up to $300 million, NTPC said
  • NTPC Ltd is planning to raise funds by way of a term loan from the international markets to finance its capital expenditure, it said

The report lays out how various age groups use their time to offer a snapshot of millennials versus other generations, based on 2017 data (Photo: iStock)
The report lays out how various age groups use their time to offer a snapshot of millennials versus other generations, based on 2017 data (Photo: iStock)

Millennials spend more time socializing, sleeping than elders: Study

  • Millennials spend about 20 minutes more per day sleeping, and double the amount of time playing games than older generations, the US government research says
  • Nearly half of the millennials have at least a Bachelor’s degree compared to just about one-third of older folks, the report said

Governor of West Bengal Jagdeep Dhankar. (ANI)
Apparently, Johnson has been able to junk the vexed 'backstop' arrangement, which hardline Brexiteers oppose for keeping all of the UK tied to the EU customs area
Apparently, Johnson has been able to junk the vexed 'backstop' arrangement, which hardline Brexiteers oppose for keeping all of the UK tied to the EU customs area

Opinion | A Brexit deal? Oh, well

The Brexit deal comes just ahead of a two-day EU summit starting Thursday

It is in addition to multiple other channels of booking available to consumers
Netflix also exuded confidence of weathering the competition from Apple and Disney (REUTERS)
Telecom Regulatory Authority of India (Photo: Pradeep Gaur/Mint)
Photo: iStockPhoto
Govt plans to install 25 gigawatts of solar projects, combined with storage capacity, in the high-altitude region of Ladakh, power minister R.K. Singh said in August (Photo: Bloomberg)
Govt plans to install 25 gigawatts of solar projects, combined with storage capacity, in the high-altitude region of Ladakh, power minister R.K. Singh said in August (Photo: Bloomberg)

Govt to build 30 gigawatts of renewable plants along Gujarat, Rajasthan border

  • The projects, which will be spread across Gujarat, Rajasthan, are part of efforts to expand India’s renewable capacity and reduce the share of fossil fuels in its energy mix
  • PM Modi has pledged to cut the emissions intensity of India’s GDP by a third by 2030 from 2005 levels to fight climate change

When iPhone sales stutter, Apple reacts by trying to squeeze even lower prices out of suppliers. Worse, it starts to make the components itself. (Photo: Bloomberg)
When iPhone sales stutter, Apple reacts by trying to squeeze even lower prices out of suppliers. Worse, it starts to make the components itself. (Photo: Bloomberg)

Opinion | How to survive an iPhone disaster

If Apple’s going to retain access to cutting-edge components, suppliers must know they won’t be cut adrift

Advanced Space Suit Engineer at NASA Kristine Davis wears the xEMU prototype space suit for the next astronaut to the moon by 2024, during its presentation at NASA headquarters in Washington.  (REUTERS)
Advanced Space Suit Engineer at NASA Kristine Davis wears the xEMU prototype space suit for the next astronaut to the moon by 2024, during its presentation at NASA headquarters in Washington. (REUTERS)

NASA eyeing inflatable space lodges for moon, Mars and beyond

  • The lunar space habitat and colonization program is expected to cost over a billion dollars through 2028
  • Four other companies are doing mockups: Boeing Co, Northrop Grumman, Sierra Nevada Corporation, and Lockheed Martin

ITR scrutiny notices come along with a questionnaire seeking information of a particular transaction, asset or income (Photo: Pradeep Gaur/Mint)
ITR scrutiny notices come along with a questionnaire seeking information of a particular transaction, asset or income (Photo: Pradeep Gaur/Mint)

Tax dept issues ITR scrutiny notices. Here’s what to expect, how to file a reply

  • For each notice from the tax department, a particular procedure needs to be followed to file a reply
  • The department can pick up ITRs for scrutiny till up to six months from the end of the financial year in which the return was filed.

HDIL’s Rakesh Wadhawan was arrested on 3 October. (Mint)
According to the report, direct equity is the biggest component of financial wealth. (Reuters)
PMAC has been mandated to advise Sebi on matters relating to regulation of intermediaries for ensuring investor protection in the primary markets (Photo: Reuters)
PMAC has been mandated to advise Sebi on matters relating to regulation of intermediaries for ensuring investor protection in the primary markets (Photo: Reuters)

Sebi rejigs primary market advisory committee

  • PMAC, which is chaired by TV Mohandas Pai, chairman of the Manipal Global Education Services, has now 26 members. Earlier, the panel has 23 members
  • The panel also has representatives from Sebi, RBI, and finance and corporate affairs ministries

Britain's opposition Labour Party Leader Jeremy Corbyn. Reuters
Delhi CM Arvind Kejriwal (Photo: Ramesh Pathania/Mint)
Delhi CM Arvind Kejriwal (Photo: Ramesh Pathania/Mint)

Delhi govt hiring extra buses for Odd-Even days

  • The Cabinet approved the Transport Department's proposal for the engagement of extra CNG operated buses during the Odd-Even scheme days to augment the public transport
  • DTC has been directed to engage a sufficient number of additional buses from the private operators during the Odd-Even Scheme

otal standalone expenditure for Q2FY20 stood at  ₹4,118 crore as against  ₹4,688 crore in year-ago period (Photo: Mint)
otal standalone expenditure for Q2FY20 stood at 4,118 crore as against 4,688 crore in year-ago period (Photo: Mint)

TVS Motor Company reports 13% YoY drop in Q2FY20 standalone income

  • The company’s total vehicle sales stood at 8,86,000 units during the quarter under review, down 19% year-on-year
  • The company reported a total income of 4,353 crore for July-September compared with 4,994 crore in the year-ago period

Mindtree’s valuations are right up there with mid-cap IT firms at over 15 times estimated FY21 earnings (Photo: Mint)
AIAHL had raised  ₹7,000 crore each on September 16 and October 10, respectively. Photo: Abhijit Bhatlekar/Mint
AIAHL had raised 7,000 crore each on September 16 and October 10, respectively. Photo: Abhijit Bhatlekar/Mint

Air India Assets Holding raises another 7,985 crore

  • A special purpose vehicle of Air India, AIAHL has mopped up a total of 21,985 crore by way of bond issues since September 16
  • The civil aviation ministry on Wednesday said the third bond issue of AIAHL was fully subscribed

Adani Group chairman Gautam Adani with BASF’s Martin Brudermuller
Adani Group chairman Gautam Adani with BASF’s Martin Brudermuller

BASF weighs $4 billion Indian chemicals complex with partners

  • BASF would foot roughly half of the overall investment bill, a spokesman added
  • BASF had signed a memorandum of understanding with Abu Dhabi National Oil Company (ADNOC), Adani Group and Borealis AG

INX India is a unit of the BSE Ltd
The Bombay Stock Exchange building is seen from a facade in Mumbai. (REUTERS)
Cars are seen parked in a dock at the Chennai Port Trust. (PTI)
Former Prime Minister Manmohan Singh.vipin kumar/ht (MINT_PRINT)
Former Prime Minister Manmohan Singh.vipin kumar/ht (MINT_PRINT)

There's no hope of economy reaching $5 trillion by 2024: Manmohan Singh

  • Indian economy reaching the target of five trillion dollars by 2024 as the growth rate is 'declining year after year'
  • Singh stressed the need for adopting a 'well-conceived national strategy to make India a five trillion dollar economy'

IUC, which has been set at 6 paise a minute, is levied by mobile networks handling incoming calls from rival networks. (Photo: Mint)
The chairman of Tata Sons is awaiting Brexit deal and says tariffs are ‘new normal’ for the global auto industry (Photo: Bloomberg)
The chairman of Tata Sons is awaiting Brexit deal and says tariffs are ‘new normal’ for the global auto industry (Photo: Bloomberg)

Open to partnerships for JLR, but no plans to sell it: Chandrasekaran

  • JLR has waned to such an extent that it had to launch a $3.2 bn savings plan and slash jobs worldwide
  • The chairman of Tata Sons says he wants operational control of JLR

Mahant Dharam Das of the Nirwani Akhara (R) with Jamaat Ulama-e-Hind president Molana Suhaib Qasmi at Supreme Court premises, in New Delhi, Wednesday (Photo; PTI)
Mahant Dharam Das of the Nirwani Akhara (R) with Jamaat Ulama-e-Hind president Molana Suhaib Qasmi at Supreme Court premises, in New Delhi, Wednesday (Photo; PTI)

End in sight for epic legal battle over Ayodhya as arguments end

  • SC heard arguments for 40 days in the Ayodhya land dispute matter
  • The judgement will come just a couple of weeks before the 27th anniversary of the 6 Dec demolition of Babri Masjid

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman (L) speaks on 'Indian Economy: Challenges and Prospects' at Columbia University in New York (Photo: PTI)
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman (L) speaks on 'Indian Economy: Challenges and Prospects' at Columbia University in New York (Photo: PTI)

FM promises more reforms before the end of the fiscal

  • Our growth story is not hostage to performance in some quarters, says Nirmala Sitharaman at Columbia University’s School of International and Public Affairs
  • The finance minister said strong growth can be sustained only if there is macroeconomic stability

HDIL’s Rakesh Wadhawan was arrested on 3 October. (Aniruddha Chowdhury/Mint)
HDIL’s Rakesh Wadhawan was arrested on 3 October. (Aniruddha Chowdhury/Mint)

HDIL promoters seek nod to sell assets to repay PMC Bank loans

  • These assets are mostly moveable assets that were recently attached by the ED, including a yacht, aircraft and 14 four-wheelers
  • Also, the ED on Wednesday sought custody of Rakesh Wadhawan and his son Sarang in connection with the 4,355 crore scam

The schemes in this list may not be the same as the ones that top the return league tables for the past year since these do not take into account parameters of risk and other features (Photo: iStock)
The schemes in this list may not be the same as the ones that top the return league tables for the past year since these do not take into account parameters of risk and other features (Photo: iStock)

Mint50: Hand-picked mutual funds to build your portfolio

Mint50, a curated basket of investment-worthy funds, is the result of an exhaustive exercise that blends in various parameters with the aim of getting you the best combination of risk and returns

Defence Minister Rajnath Singh.  (ANI )
FILE PHOTO: When the F-16s rounded up SpiceJet, the Pakistani jets and their pilots could be seen by passengers (REUTERS)
IL&FS' entire debt of around  ₹3,500 crore held in the seven SPVs will continue under the ownership of ORIX (Bloomberg file)
IL&FS' entire debt of around 3,500 crore held in the seven SPVs will continue under the ownership of ORIX (Bloomberg file)

IL&FS raises 806 crore through sale of wind assets to Orix

  • This is the first sale of assets that the group has been able to close, and the company said it will repay the lenders in full
  • With this development, ORIX, which previously owned 49% in each of the seven SPVs, now has 100% ownership