The Sensex today ended 145 points lower at 35,352
The Sensex today ended 145 points lower at 35,352

Sensex suffers longest losing streak in nearly 8 years: 10 things to know

  • Indian markets extend losses to ninth straight day
  • IT stocks TCS and Infosys lead decline

The Central Board of Direct Taxes (CBDT) will notify the changes 
The Central Board of Direct Taxes (CBDT) will notify the changes 

Startups get a breather from angel tax

  • Startups with sales up to 100 crore, up from the earlier 25 crore, will be considered eligible for tax relief
  • An entity will be considered as a startup for up to 10 years from the date of incorporation, up from the earlier seven

In January, Ola had issued shares worth  ₹150 crore to Sachin Bansal (Mint)
In January, Ola had issued shares worth 150 crore to Sachin Bansal (Mint)

Sachin Bansal invests more in Ola, bringing total personal investment to $92 mn

  • Flipkart co-founder Sachin Bansal is likely to invest more in Ola in subsequent rounds
  • Bansal is not expected to take an advisory role at Ola or be involved in the company’s operations

 Jet Airways was founded by ticketing agent-turned-entrepreneur Naresh Goyal. (Reuters)
 Jet Airways was founded by ticketing agent-turned-entrepreneur Naresh Goyal. (Reuters)

Why Jet Airways is selling a majority stake for Re 1

  • The complicated arrangement is on track to be voted through on February 21
  • A group of lenders led by SBI has proposed taking a 50.1 percent stake for 1 rupee through the issuance of 114 million new shares

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(Left to right) Kavin Bharti Mittal, Rohan Murty, Roshni Nadar and Rahul Munjal. (Pradeep Gaur & Priyanka Parashar/Mint)
(Left to right) Kavin Bharti Mittal, Rohan Murty, Roshni Nadar and Rahul Munjal. (Pradeep Gaur & Priyanka Parashar/Mint)

No family business for India Inc.'s next-gen

  • Next-gen family members are now keen to start independent entities, and not carry forward past legacies
  • With fewer members from next generation showing interest in the family business, a host of other issues also arise

A file photo of a Saab Gripen fighter jet. (Reuters)
A file photo of a Saab Gripen fighter jet. (Reuters)

Saab proposes to make 96 Gripen jets in India to win Air Force deal

  • Saab is expected to face competition from rivals such as Boeing Co, Lockheed Martin Corp and Dassault Aviation
  • The cities of Bengaluru and Hyderabad would be the "natural choice" for any plant

Malvinder and Shivinder Singh, founders of Fortis Healthcare. (HT)
Malvinder and Shivinder Singh, founders of Fortis Healthcare. (HT)

Fortis fraud may exceed 2,000 crore, says SFIO

  • Six firms linked to Singh brothers were used to divert Fortis funds to Gurinder Singh Dhillon and Sanjay Godhwani
  • Malvinder Singh claimed his brother Shivinder connived with Dhillon to sell these firms to RHC Holdings

Saudi Arabia Crown Prince Mohammed bin Salman, Pakistan’s Prime Minister Imran Khan (left) and Pakistan Army chief general Qamar Javed Bajwa (right) in Islamabad.  (AFP )
Saudi Arabia Crown Prince Mohammed bin Salman, Pakistan’s Prime Minister Imran Khan (left) and Pakistan Army chief general Qamar Javed Bajwa (right) in Islamabad. (AFP )

Saudi Prince Salman flies back home ahead of India visit today

  • A visit to New Delhi by Saudi prince, immediately after a stop in Islamabad, was not acceptable to India
  • India and S. Arabia are looking to ramp up defence cooperation along with conducting joint naval exercises

In Q3, Emami had posted a net profit of  ₹138.30 crore
In Q3, Emami had posted a net profit of 138.30 crore

Emami shares jump 15% after promoters sell stake to pare debt

  • The purchasers included SBI Mutual Fund, L&T Mutual Fund, IDFC and PremjiInvest
  • The stake will help reduce promoter debt

RJ Scaringe, founder and chief executive officer of Rivian Automotive Inc., speaks after unveiling the R1T electric pickup truck and R1S electric sports utility vehicle (SUV).  (Bloomberg)
RJ Scaringe, founder and chief executive officer of Rivian Automotive Inc., speaks after unveiling the R1T electric pickup truck and R1S electric sports utility vehicle (SUV). (Bloomberg)

Musk-like or not, this 36-year-old CEO has Amazon riding shotgun

  • Rivian had another seminal moment on Friday, when it announced a $700 million funding round led by Amazon.com
  • Scaringe also is in talks with General Motors Co. on some kind of partnership with the largest US automaker, as well

GST Council meeting tomorrow, relief for home buyers likely

  • GST rate on under-construction properties may be reduced to 5% without input tax credit
  • Finance minister Arun Jaitley will chair the 33rd GST Council meeting tomorrow

Just 156 of the BSE 500 companies are still to untangle the role of CMD as of 15 February, compared with 291 in July last year.
Just 156 of the BSE 500 companies are still to untangle the role of CMD as of 15 February, compared with 291 in July last year.

Companies embrace new norm that splits CMD posts

  • Reliance Industries, HCL Technologies, Wipro and JSW Steel are among the firms that haven't yet split the CMD post
  • A third of the firms that have not complied with the rule so far are public sector enterprises or state-run banks

 (AFP)
(AFP)

Next round of US-China trade talks begins today

  • The talks follow a round of negotiations that ended last week in Beijing without a deal 
  • The talks are aimed at "achieving needed structural changes in China that affect trade between the United States and China

Avendus Capital's arm recently launched a $1 billion ESG (environmental, social and governance) fund. (iStock)
Avendus Capital's arm recently launched a $1 billion ESG (environmental, social and governance) fund. (iStock)

Can ESG funds change the way business is done?

  • ESG funds invest in companies that conduct their business in a fair and ethical manner
  • ESG funds also account for environmental sustainability of a company before investing

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SC refuses to interfere with Nageswara Rao's appointment as CBI interim director

  • The petition challenging the validity of Rao's appointment as interim director of CBI was disposed of
  • The Supreme Court also refused to lay down guidelines for future appointments for the post of CBI director

As of 31 December 2018, Manappuram Finance had 4,134 branches in India. (Ramesh Pathania/Mint)
As of 31 December 2018, Manappuram Finance had 4,134 branches in India. (Ramesh Pathania/Mint)

IFC plans debt investment of $75 million in Manappuram Finance

  • IFC’s three-year loan will provide Manappuram Finance liquidity and support asset-liability management
  • Manappuram Finance will be International Finance Corporation's (IFC's) first gold loan-focused investment

Know your rights in case an airline cancels your flight without force majeure in play. istockphoto
Know your rights in case an airline cancels your flight without force majeure in play. istockphoto

It pays to know what you can do when an airline cancels or delays your flight 

Airlines will usually try and save cost by offering to re-book you on their own flights

 (iStock)
(iStock)

Don't bundle your FD, life insurance and SIP needs in one instrument

  • If you are a risk-averse investor looking for an FD, it is a good idea to stick to simple deposits
  • An important factor to keep in mind is that bundled products are from group companies of the bank itself

A woman in the US state of Oregon was in shock last year when the Amazon Echo device at her Portland home recorded a private conversation and then shared it with one of her husband's employees in Seattle.   (Ramegowda Bopaiah/Mint)
A woman in the US state of Oregon was in shock last year when the Amazon Echo device at her Portland home recorded a private conversation and then shared it with one of her husband's employees in Seattle.   (Ramegowda Bopaiah/Mint)

Is Alexa recording your bedroom talk?

  • Privacy threat is very much real, with more and more Indians being hooked to the always-on and Internet-connected smart home devices
  •  You can delete all voice recordings associated with your account for each of your Alexa-enabled products

Staying within means and taking precautions can ensure you are not a part of the bad loans in the education sector (iStock)
Staying within means and taking precautions can ensure you are not a part of the bad loans in the education sector (iStock)

Is the education loan burden worth that course abroad?

  • Whether or not you can afford to study abroad is a decision that can change the course of your future financial life
  • The percentage of defaults on education loans rose to about 9% as of March 2018 from 7.3% in March 2016

President Donald Trump has threatened to increase tariffs to 25% on $200 billion worth of Chinese goods (Mint)
President Donald Trump has threatened to increase tariffs to 25% on $200 billion worth of Chinese goods (Mint)

Global trade growth will continue to slide in 2019, says WTO

  • The WTO in September said it expects world merchandise trade growth will slow to 3.7% this year from 3.9% in 2018
  • The estimates could be revised downward if trade conditions continue to deteriorate: WTO

 (AFP)
(AFP)

Huawei can begin 5G trial within a month of Indian govt's nod: Jay Chen

  • Huawei India CEO Jay Chen stressed that no country has been able to give any evidence of wrongdoing on Huawei's part
  • We are in talks with all the major telecom operators in India for 5G roll-out in India, says Chen

Last year, the government approved plans to fully electrify the Indian Railways by 2022. (Photo: Mint)
Last year, the government approved plans to fully electrify the Indian Railways by 2022. (Photo: Mint)

ABB wins 270-crore order for train technologies from Indian Railways

  • ABB's traction solution is based on the latest technology to bring more reliable trains to passengers
  • This order will help to improve efficiency, so that passengers travelling will reach their destination on time and in comfort

Indian soldiers examine the debris after an explosion in Lethpora in south Kashmir's Pulwama . (Photo: Reuters)
Indian soldiers examine the debris after an explosion in Lethpora in south Kashmir's Pulwama . (Photo: Reuters)

China urges restraint by India, Pakistan on Pulwama terror attack

  • On February 14, at least 40 CRPF personnel were killed in Kashmir's Pulwama district in a suicide attack
  • The attack has heightened bilateral tensions with both New Delhi and Islamabad calling back their envoys for "consultations"

 (Photo: Mint)
(Photo: Mint)

Finance Ministry may launch exchange traded fund of PSU bank stocks next fiscal

  • The bank exchange traded fund (ETF) would be in addition to the two ETFs -- CPSE ETF and Bharat-22 ETF 
  • ETF route would bring back investor confidence in the banking stocks

 Huawei CFO Meng Wanzhou (Reuters)
 Huawei CFO Meng Wanzhou (Reuters)

Huawei founder says CFO's arrest was politically motivated: Report

  • The US Justice Department denied the charges were politically motivated
  • Huawei CFO Meng  Wanzhou was charged with bank and wire fraud to violate American sanctions against Iran

No GST is charged if a property is bought after the issue of completion certificate.  Photo: Mint
No GST is charged if a property is bought after the issue of completion certificate.  Photo: Mint

GST Council meet: GoM favours 3% tax for affordable housing category

  • GST is currently levied at 12% on premium housing and 8% on affordable housing 
  • The proposed Goods and Services Tax (GST) cut in cement and the GoM report are on the agenda of the meeting

Aero India, a five-day biennial, will begin on Wednesday (AP)
Aero India, a five-day biennial, will begin on Wednesday (AP)

One pilot killed in aircraft collision during Aero India practice 

  • Two Hawk aircraft of Surya Kiran aerobatic team crashed close to the Yelahanka air force base
  • The Flying Bulls, the Czech Republic based aerobatic team, had a mid-air crash in the 2015 edition of the show

 (iStock)
(iStock)

FATCA declaration must for all bank account holders

  • All bank account holders in India have to provide self-certification about their tax residence for Fatca compliance
  •  Interest from NRE accounts is exempt from tax, once you return and your accounts are converted to resident accounts, the interest earned is taxable

 (Reuters)
(Reuters)

Pulwama attack: Kerala offers 25 lakh to family of CRPF jawan killed

  • V.V. Vasanth Kumar was killed in the recent terrorist attack in Jammu and Kashmir
  • Kerala government will also build a new home for V.V. Vasanth Kumar's family

 The Eros Now subscription is valid only during validity period of the recharge plan.
 The Eros Now subscription is valid only during validity period of the recharge plan.

BSNL's 98 recharge gives you Eros Now subscription along with 2GB daily data

  • The Eros Now subscription and 2GB daily data is valid for 24 days
  • Eros Now subscription can also be availed with 298, 333, 444 plans

Of the 149 countries for which ILO has comparable data, only 10 countries have a lower share of women in the paid workforce than India.
Of the 149 countries for which ILO has comparable data, only 10 countries have a lower share of women in the paid workforce than India.

Great Indian Family doesn’t help working women

Joint families do not free women to do paid work, mainly through restrictions on their decision-making ability and mobility, new research indicates

 (iStock)
(iStock)

Before investing, ensure you have adequate insurance

  • If you believe that the real estate you are planning to invest will generate the desired return, then you can go ahead.
  • Ensure a well-diversified portfolio across all asset classes

 (iStock)
(iStock)

How concentrated is your mutual fund scheme?

  • Diversified funds can hold a concentration of their larger holdings and a much more diversified portfolio among the smaller holdings
  • Here is a list of funds with the highest concentration of top 10 holdings

Nestlé India CMD Suresh Narayanan (Mint)
Nestlé India CMD Suresh Narayanan (Mint)

Nestlé to launch a couple of dozen new products, says Suresh Narayanan

  • Between 2016 and 2018, Nestle India saw 39 new brand launches in the aftermath of the Maggi ban
  • The firm recently launched a bittergourd-flavoured yogurt, after it forayed into the breakfast cereals market last year

 (Bloomberg)
(Bloomberg)

Now, dial 112 – the single emergency helpline number across India

  • '112' will provide immediate assistance to people on various services like police, fire and women safety
  • The emergency number is launched under the Emergency Response Support System (ERSS)

Stephen Allan. (Ramesh Pathania/Mint)
Stephen Allan. (Ramesh Pathania/Mint)

Print is still growing in India: Mediacom’s Stephen Allan

  • Digital is growing at a very fast pace in India but the base is quite small compared to other markets
  • Television is not TV anymore; it has become video. People are consuming video content through multiple screens

Mu Sigma founder Dhiraj Rajaram.
Mu Sigma founder Dhiraj Rajaram.

General Atlantic may sell Mu Sigma stake to Carlyle, KKR

  •  General Atlantic has been looking to sell its stake in Mu Sigma for a while now, discussions have gained momentum in recent months
  • General Atlantic's stake is expected to be valued at at least $200 million, given Mu Sigma's unicorn status

After protests, land acquisition has been stopped for the refinery at the proposed site at Nanar. (Reuters)
After protests, land acquisition has been stopped for the refinery at the proposed site at Nanar. (Reuters)

Maharashtra to move planned Ratnagiri refinery after farmers protest

  • Stare-run oil companies and Saudi Aramco have teamed up to build what would be the country's biggest oil refinery
  • The announcement comes as Saudi Arabia's Crown Prince Mohammed bin Salman is due to arrive in India on Tuesday

A file photo of Kumar Mangalam Birla
A file photo of Kumar Mangalam Birla

KPR to sell chlor-alkali business to Grasim for 253 crore

  • As part of the deal, Grasim would take over the assets and identified liabilities associated with the business
  • KPR Industries’ chlor-alkali business comprises an under-construction project in Andhra Pradesh

A founder’s passion outweighs their experience, says Rahul Garg, an angel investor and founder and managing partner, Leo Capital.
A founder’s passion outweighs their experience, says Rahul Garg, an angel investor and founder and managing partner, Leo Capital.

Why Rivigo is in angel investor Rajul Garg's anti-portfolio

  • Angel investor Rajul Garg saw scale as a roadblock in Rivigo's growth in a operationally heavy business
  • Rivigo's angel round was priced nearly 7-8 times the price Rajul Garg did deals at that point of time

 (Photo: AFP)
(Photo: AFP)

‘Make in India’ has not eased manufacturing woes

  • Despite its ambitious targets, NDA’s ‘Make in India’ has failed to improve investment, employment, and exports in India’s manufacturing sector
  • One area where this government has fared relatively better has been in attracting foreign direct investment (FDI) to the country

Former Indian naval officer Kulbhushan Jadhav. (PTI )
Former Indian naval officer Kulbhushan Jadhav. (PTI )

Indian urges ICJ to declare Jadhav’s trial in Pakistan ‘unlawful’

  • Jadhav’s trial by a Pakistani military court failed to satisfy even the minimum standards of due process, says Delhi
  • On Monday, India based its case on two broad issues--breach of Vienna Convention on consular access and the resolution process

 (iStock)
(iStock)

Top 20 emerging skills that American tech companies are looking for 

  • Hadoop tops the list of 20 fastest-growing skills in the Upwork Skills Index
  • The index reflects emerging skills and provides real-time validation of current trends in the labour market and tech industry

Indian soldiers examine the debris after an explosion in Lethpora in south Kashmir's Pulwama .  (Reuters)
Indian soldiers examine the debris after an explosion in Lethpora in south Kashmir's Pulwama . (Reuters)

Sacrifices of CRPF jawans won't go in vain: Narendra Modi

  • The Pulwama terror attack is one of the worst terror strikes in Jammu and Kashmir since the Uri attack in 2016
  • At least 30 CRPF personnel killed in Pulwama when a JeM terrorist rammed an explosives-laden vehicle into their bus

This settlement appears to arise from an internal investigation by CTS that it first announced on 30 September, 2016, L&T said.
This settlement appears to arise from an internal investigation by CTS that it first announced on 30 September, 2016, L&T said.

L&T distances itself from Cognizant's Indian bribery case

  • Cognizant allegedly used sham change order requests to conceal the payments it made to reimburse the firm, SEC had said
  • Cognizant had agreed to pay$ 25 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA), the SEC said

That Glenmark share prices are down 5% since it announced its Q3 results last week shows how central the US market is to the company and the Indian pharma industry. (Bloomberg)
That Glenmark share prices are down 5% since it announced its Q3 results last week shows how central the US market is to the company and the Indian pharma industry. (Bloomberg)

Q3 results: For Glenmark, slow sales in the US flag debt concern

  • Glenmark share prices are down 5% since the pharma firm announced its Q3 results
  • While Glenmark's Q3 revenue rose 15.9%, its US revenue grew just 5% in dollar terms

Amlan Mohanty uses the The Mindfulness app sometimes, and has been meditating by himself for five years.
Amlan Mohanty uses the The Mindfulness app sometimes, and has been meditating by himself for five years.

Move on to meditate... on your smartphone

  • Millennials are latching on to apps to de-stress, focus and engage with their work
  • Guided meditations are a good way to start, people struggle with their thoughts when they meditate on their own initially

Ankur Goyal’s brand &Me is specially made for women consumers.ramegowda bopaiah/ mint
Ankur Goyal’s brand &Me is specially made for women consumers.ramegowda bopaiah/ mint

Raising a toast to women with a health drink

  • For women some of their greatest (health) concerns are fatigue and cramps during menstruation and hair fall
  • While the functional drinks market in India is a growing category, it is dominated by energy drinks

Finance Minister Arun Jaitley (L) with RBI Governor Shaktikanta Das seated next to him at the RBI Board Meeting in New Delhi today. (Pradeep Gaur/Mint)
Finance Minister Arun Jaitley (L) with RBI Governor Shaktikanta Das seated next to him at the RBI Board Meeting in New Delhi today. (Pradeep Gaur/Mint)

RBI may nudge bank chiefs to cut interest rates in Thursday’s meet

  • RBI governor said transmission of rates is very important after the central bank announces a rate cut
  • 'The RBI knows the real situation. Let’s leave their jurisdiction to them,' Arun Jaitley said 

The government has vested these properties in the custodian of enemy property for India, an office instituted under the central government. (Reuters)
The government has vested these properties in the custodian of enemy property for India, an office instituted under the central government. (Reuters)

Government sets up committee for sale of 'enemy shares' worth 3,000 crore

  • The govt had said the total valuation of immovable enemy property in the country stands at 1.04 lakh crore
  • The 'enemy property' refers to any property belonging to, held or managed on behalf of an enemy, an enemy subject or an enemy firm

This will also help weed out
This will also help weed out "foreign intervention" ahead of elections and ensure free and fair polls (AP)

Considering pre-verification process for political ads: FB, Google tell HC

  • Online political advertisements came into sharp focus after the 2016 US presidential election
  • The Representation of the People's Act prohibits political campaigning 48 hours before polling

Photo: Mint
Photo: Mint

Budget for Bengaluru aims to address inadequate infrastructure

  • The Bengaluru budget has an outlay of 4,945.91 crore for developmental works
  • The budget also sets aside 1,071.43 crore for the welfare schemes

Jaypee Infratech, a unit of Jaypee Group's flagship firm Jaiprakash Associates
Jaypee Infratech, a unit of Jaypee Group's flagship firm Jaiprakash Associates

Jaypee Infra lenders evaluate bids submitted by NBCC, Suraksha group

  • Jaiprakash Associates had submitted 750 crore in the registry of the Supreme Court for refund to buyers
  • The NBCC will also fund the gap of about 1,500 crore between estimated construction cost and receivables from customers

A company logo is seen outside the Tata steelworks near Rotherham in Britain.  (Reuters)
A company logo is seen outside the Tata steelworks near Rotherham in Britain. (Reuters)

Tata Steel sells indirect subsidiary Black Ginger

  • Black Ginger has stake in an iron ore mine in South Africa
  • The transaction was to complete in a year's time

Kishore Biyani-backed Future Consumer sells over 30 brands across various categories. (Mint)
Kishore Biyani-backed Future Consumer sells over 30 brands across various categories. (Mint)

Future Consumer expands reach in Middle East

  • Future Consumer partners with UAE’s T Choithrams & Sons to sell its products in the Middle East
  • Choithrams to market, distribute and retail Future Consumer brands to other retail stores also