(Photo: Pradeep Gaur/Mint)
(Photo: Pradeep Gaur/Mint)

Why Shopclues is wooing Snapdeal

  • Online media platform Entrackr reported on 9 April that ShopClues was in talks to get acquired by Snapdeal
  • Rival Snapdeal is currently conducting due diligence to acquire ShopClues at a valuation of around $200-250 million

IndiGo, which had a market share of 46.9% in March, carried 54.41 lakh domestic passengers during the month.
IndiGo, which had a market share of 46.9% in March, carried 54.41 lakh domestic passengers during the month.

IndiGo clocks record market share at 49.9% in April

  • IndiGo flew a record 54.81 lakh passengers during April
  • Air India and SpiceJet flew 15.23 lakh and 14.4 lakh domestic passengers, respectively, during April

BoB's gross NPAs fell 33.5% to  ₹15,609 crore (Photo: Pradeep Gaur/Mint)
South Dinajpur: Police personnel stand guard near a strong room where EVMs (Electronic Voting Machines) are kept, on the eve of Lok Sabha elections results, at Balurghat in South Dinajpur district of West Bengal.  (PTI )
South Dinajpur: Police personnel stand guard near a strong room where EVMs (Electronic Voting Machines) are kept, on the eve of Lok Sabha elections results, at Balurghat in South Dinajpur district of West Bengal. (PTI )

How EVM strong-rooms are secured as per the Election Commission

  • In the past two days, video clips have gone viral, purportedly showing 'unauthorised' transportation of the EVMs at various places
  • As per its guidelines, the EVMs are transported back to the reception centres under proper escort by a contingent of central paramilitary forces and state police

Today shares of DHFL hit a low of  ₹107.15 on the BSE
IndusInd Bank has recommended a dividend of Rs. 7.50 per share
The new IL&FS board has issued a show-cause notice to the auditors for alleged negligence, and can seek damages from them. ( Photo: Aniruddha Chowdhury/Mint)
On 16 May, 2014, Sensex hits 25,000 for first time when Narendra Modi-led NDA was voted  to power with a majority (Photo:Mint)
DSP Quant Fund will be benchmarked to BSE 200 (Total Returns Index)
Today shares of DHFL hit a low of  ₹107.15 on the BSE
SAT gave a partial relief and asked NSE to deposit  ₹625 crore with Sebi. (Photo: Abhijit Bhatlekar/Mint)
AirAsia Airbus A320-200 plane.  (Reuters )
Photo: iStock
 (Photo: iStock)
(Photo: iStock)

After nail-biting exit polls, Bengal braces for D-day

  • Local shops that dot the city crank up the volume of the transistors, with shop owners keeping their ears peeled for snatches of news
  • Even though the electorate remains skeptical of the final outcome that will unfold on Thursday, some voices continued to support the status quo in the state

 (AFP file)
(AFP file)

Opinion | Integrity at stake

It’s time the Election Commission lays down the rules of the game clearly. Its independence and fairness must be beyond doubt. It’s not just the EC, Indian democracy has a global reputation to defend

 (Photo: AFP)
 (Photo: iStock)
The Sensex closed 140 points higher 39,110
The Sensex closed 140 points higher 39,110

Sensex edges higher, a day ahead of counting of votes

  • Financials, led by ICICI Bank and HDFC, pulled the markets higher
  • IT and FMCG stocks came under some selling pressure

Greybull has blamed Brexit strains for its financial collapse, while the steel sector faces other uncertainties
Greybull has blamed Brexit strains for its financial collapse, while the steel sector faces other uncertainties

British Steel collapses, costing thousands of jobs

  • Some 5,000 people are employed by British Steel and an estimated 20,000 more have links to the firm's supply chain
  • The High Court in London ordered British Steel Limited into compulsory liquidation

 (Mint)
Shares of JK Lakshmi Cement Wednesday closed at  ₹371.80 on the BSE, up 1.65% from its previous close.
Shares of JK Lakshmi Cement Wednesday closed at 371.80 on the BSE, up 1.65% from its previous close.

JK Lakshmi Cement Q4 net up 27.8% to 43.25 crore

  • Total income during the March quarter rises 28.78% to 1,189.06 crore
  • FY19 net profit drops 5.24% at 79.56 crore from 83.96 crore last year

FILE PHOTO: Chinese President Xi Jinping. REUTERS/Jason Lee/File Photo
FILE PHOTO: Chinese President Xi Jinping. REUTERS/Jason Lee/File Photo

Fears rise China could weaponise rare earths in US tech war

  • A seemingly routine visit by President Xi Jinping to a Chinese rare earths company this week is being widely read as an obvious threat
  • Xi's inspection tour 'is no accident, this didn't happen by chance,' said Li Mingjiang

Sebi has invited comments till 12 June
Sebi has invited comments till 12 June

Sebi proposes changes to buyback rules

  • To make special dispensation for companies which have NBFCs and HFCs as subsidiaries
  • Sebi has suggested that for all other companies it will take consolidated financial statements to determine debt-to-equity ratio

 (Photo: Reuters)
(Photo: Reuters)

Prepare for difficult times, China's Xi urges as trade war simmers

  • While China has not said whether or how it may retaliate to the measures against Huawei, state media have taken an increasingly strident and nationalistic tone
  • The United States is seeking sweeping changes to trade and economic policies, including an end to forced technology transfers

The agency would look at the landing (rover) on the surface of the Moon on September 6. (ISRO )
The agency would look at the landing (rover) on the surface of the Moon on September 6. (ISRO )

Chandrayaan-2 launch to take place between July 9-16: ISRO

  • According to ISRO, Chandrayaan-2 is the second lunar mission and has three modules Orbiter, Lander (Vikram) and Rover (Pragyan)
  • After launch into earth bound orbit, the integrated module will reach Moon orbit using Orbiter propulsion module

Security officials keep vigil outside a votes counting center in Mumbai. (AP )
Security officials keep vigil outside a votes counting center in Mumbai. (AP )

MHA alerts states, UTs ahead of counting of votes

  • In a statement, the ministry also said it has asked the states and UTs to maintain law and order, peace and public tranquillity
  • Lok Sabha elections were held in seven phases from April 11 to May 19

L&T is eyeing up to 66% stake in Mindtree for around  ₹10,800 crore — marking the country's first-ever hostile takeover bid in the IT industry
L&T is eyeing up to 66% stake in Mindtree for around 10,800 crore — marking the country's first-ever hostile takeover bid in the IT industry

L&T acquires 1,29,065 shares of Mindtree from open market

  • L&T acquires 1,29,065 shares of Mindtree from the open market, taking its overall holding in the mid-sized IT company to 26.65%
  • The latest stock purchase was made at 979.78 apiece

Suppliers will have to file a detailed return in form GST RET-1.. Photo: Indranil Bhoumik/Mint
Suppliers will have to file a detailed return in form GST RET-1.. Photo: Indranil Bhoumik/Mint

GSTN releases prototype of a new simplified return filing system

  • It will allow users to use functionality such as drop down menus, invoice upload, upload of purchase register
  • Businesses which make supplies to only consumers (B2C) have to file return form 'Sahaj'

(Photo: PTI)
JLR hit a bump in Europe amid concerns over a disruptive Brexit. Photo: Reuters
(Photo: S.Kumar/Mint)
RBI is not in favour of providing special credit window to the NBFC sector. (Photo: Aniruddha Chowdhury/Mint)
RBI is not in favour of providing special credit window to the NBFC sector. (Photo: Aniruddha Chowdhury/Mint)

RBI not in favour of special credit window for NBFCs

  • Many NBFCs came under severe liquidity pressure compelling them to bring down their reliance on CPs
  • Sources said the RBI board during the two-day meeting took stock of the NBFC sector and cash crunch faced by them

 (Mint)
(Mint)

Oyo becomes second-largest hotel group in China

  • Oyo says it has become the second-largest hotel group in China within 18 months of its foray into the country
  • With second-tier cities at its core, Oyo Hotels' chain extends deep into China's tier-2 to tier-6 cities

The results of the seven-phase polls for 542 seats would be announced on May 23
According to Trai, the wireless subscriber base of Vodafone Idea at the end of March 2019 was 394.8 million Photo: Pradeep Gaur/Mint
According to Trai, the wireless subscriber base of Vodafone Idea at the end of March 2019 was 394.8 million Photo: Pradeep Gaur/Mint

Drop in mobile subscriber numbers in March not worrisome: COAI

  • The overall teledensity in India declined to 90.11 at the end of March, from 91.86 in February
  • Mobile subscriber base of Vodafone Idea and Bharti Airtel shrunk by nearly 14.5 million and 15.1 million, respectively

Brahmos missile is the heaviest weapon to be deployed on India’s Su-30 fighter aircraft. Photo.  (PTI)
Brahmos missile is the heaviest weapon to be deployed on India’s Su-30 fighter aircraft. Photo. (PTI)

IAF successfully test fires aerial version of BrahMos missile

  • The 2.5 tonne air-to-surface missile has a range of around 300 km, and it will significantly enhance the IAF's combat capability
  • The BrahMos cruise missile travels at a speed of Mach 2.8, nearly three times that of sound

Foodpanda has seen three management changes since its inception in 2012.
Vodafone said this is a temporary measure while uncertainty exists regarding new Huawei 5G devices. (Reuters)
Vodafone said this is a temporary measure while uncertainty exists regarding new Huawei 5G devices. (Reuters)

Vodafone UK drops Huawei Mate 20X from 5G launch pre-orders

  • Vodafone UK said it dropped the Huawei Mate 20 X because of uncertainty about long-term support and services for the device
  • Even British chip designer ARM has told its staff it must suspend business with Huawei

Inflation was near double digits in the 12 months before the 2014 national election. It has averaged around 3.25% in the 12 months before the 2019 national election (Mint)
Inflation was near double digits in the 12 months before the 2014 national election. It has averaged around 3.25% in the 12 months before the 2019 national election (Mint)

Opinion | The immediate challenges for the next finance minister

The country’s current macroeconomic indicators should not cause any alarm but the economy’s direction is worrisome

Environment groups repeat calls for mine to be blocked
In India, Hyundai is expected to launch its first electric vehicle later this fiscal year. (Photo: Pradeep Gaur/Mint)
 (Mint)
Yes Bank CEO Ravneet Gill. (Aniruddha Chowdhury/Mint)
The Securities Appellate Tribunal will hear NSE’s petition for interim relief today.  (Photo: Abhijit Bhatlekar/Mint)
Vande Bharat Express, India's first semi-high speed train. (PTI )
Vande Bharat Express, India's first semi-high speed train. (PTI )

Train 18 for exports after domestic demand is met: Railway official

  • India's first self-propelled (engine-less) Train 18, which was rolled out last year, presently runs between New Delhi and Varanasi
  • The official also said ICF would take up design, development and production of Train 19, a sleeper version of Train 18, in the current year