The Enforcement Directorate, which is investigating a case of alleged money laundering at IL&FS, arrested two former directors of the financial services company on Wednesday (Photo: Aniruddha Chowdhury/Mint)
The Enforcement Directorate, which is investigating a case of alleged money laundering at IL&FS, arrested two former directors of the financial services company on Wednesday (Photo: Aniruddha Chowdhury/Mint)

IL&FS auditors BSR, Deloitte facing probe heat from six agencies

  • Six entities including the SFIO, the MCA, Sebi, ED, NFRA and ICAI go after two auditors of scam-hit firm and besiege them with chargesheets, petitions, show-cause notices
  • The corporate affairs ministry has filed a plea in NCLT to bar the auditors of IL&FS

(Photographs by Pradeep Gaur/Mint; Graphic by Sarvesh Kumar sharma/Mint)
The latest move by US on H-1B work visas might impact India's more than $150 billion IT sector
The latest move by US on H-1B work visas might impact India's more than $150 billion IT sector

US exploring limit on H-1B visas for Indian professionals

  • Currently, there is no current country-specific limit on H-1B work visas granted each year
  • It is estimated that estimated 70% of H-1B work visas go to Indians professionals

The US Federal Reserve held interest rates steady.  (AFP )
The Economic Survey of India 2017-18 was the last one overseen by Arvind Subramanian, who demitted office as CEA in June 2018.  (Photo: Ramesh Pathania/Mint)
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Harley’s India sales dropped from 4,708 units in FY16 to 2,676 units in FY19 (Photo: Mint)
Harley’s India sales dropped from 4,708 units in FY16 to 2,676 units in FY19 (Photo: Mint)

Harley-Davidson, Hero gear up for India ride

  • Harley-Davidson’s growing focus on India and similar markets comes amid tough conditions in its home market
  • Both firms are keen to explore a potential alliance that would make Harley-Davidson bikes cheaper in India

Amar Nagaram, head, Myntra-Jabong.
Amar Nagaram, head, Myntra-Jabong.

E-commerce battle moves beyond the discounts

  • Focus in online retail shifting to fastest deliveries, after-sales services such as alterations, and reduction in the number of returns
  • Myntra to launch 30 experience centres across India by August, where customers can pick products they ordered when convenient, return and get alterations done on the spot

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Prime Minister Narendra Modi chairs an all-party meeting in New Delhi on Wednesday. Congress has demanded a discussion in Parliament on the election procedure (Photo: PTI)
Prime Minister Narendra Modi chairs an all-party meeting in New Delhi on Wednesday. Congress has demanded a discussion in Parliament on the election procedure (Photo: PTI)

Key opposition parties skip PM’s meet on ‘one nation, one election’

  • NDA decides to set up a panel to give suggestions on implementation of the idea of simultaneous polls
  • Rahul Gandhi, Mamata Banerjee, M.K. Stalin, Mayawati and Akhilesh Yadav skipped the meet

Arvind Subramanian, former chief economic advisor in the finance ministry
Long Reads
(Photo: Reuters)
Plain Facts
Thierry Bollore, chief executive officer of Renault SA. (Bloomberg)
The phone is both the eyes and the brain of the robot, controlling its navigation and tasks. (Pixabay)
Masayoshi Son, SoftBank founder. (Bloomberg)
Summer holiday bookings have seen a 22% growth as compared to the previous year. (Istockphoto)
As of March 2018, IFIN had a total debt of  ₹17,590 crore.
 (Photo: Bloomberg)
Adhir Ranjan Chowdhury, Congress leader in Lok Sabha
In 2018-19, loans worth  ₹3.11 trillion were disbursed under the scheme.ramesh pathania/mint
Besides hitting back with combat operations, India’s security apparatus has also put the squeeze in other ways
Besides hitting back with combat operations, India’s security apparatus has also put the squeeze in other ways

Opinion | Rolling up rebel networks in North-east India

Security forces have been anticipating the endgame for several years in the North-East

Sebi has powers to pass interim orders and these are passed in order to prevent further possible mischief of tampering with the securities market.
Sebi has powers to pass interim orders and these are passed in order to prevent further possible mischief of tampering with the securities market.

SAT fines Sebi for 2017 order, calls its approach ‘casual’

  • Sebi had issued an interim order against Supreme Tex Mart Ltd on charges that it sent out bulk messages to buy its shares
  • SAT says it was unable to accept the approach of the Sebi whole-time member in deciding the matter

 (Reuters)
Rudratej Singh is credited with aggressively driving Enfield's foray into the apparel and accessory vertical (Photo: Abhijit Bhatlekar/Mint)
Rudratej Singh is credited with aggressively driving Enfield's foray into the apparel and accessory vertical (Photo: Abhijit Bhatlekar/Mint)

Rudratej Singh, former Royal Enfield boss, to head BMW India

  • In his new role, Singh is expected to oversee sales of BMW’s passenger cars as well as motorcycles in India, say sources
  • Singh quit the Eicher Motors-owned motorcycle brand earlier this year

Photo: Reuters
Photo: Mint
Finance Minister Nirmala Sitharaman chairs the pre-budget consultative meeting of the Financial Stability Development Council Meeting ahead of Budget Session, in New Delhi (Photo: PTI)
Finance Minister Nirmala Sitharaman chairs the pre-budget consultative meeting of the Financial Stability Development Council Meeting ahead of Budget Session, in New Delhi (Photo: PTI)

Nirmala Sitharaman discusses liquidity, financial stability with regulators

  • Apart from Budget suggestions, the state of the economy was also discussed during the FSDC meet attended by sectoral regulators
  • The failure of corporate governance in some of the financial sector entities and ways to address it was also discussed

Another thing that comes in the way of passive commodity products is lack of understanding about commodity markets by investors. (iStock)
JSW is scouting for stressed power plants to boost its thermal generation capacity (Photo: Reuters)
 (Naveen Kumar Saini/Mint)
(From left) Postman co-founder Abhijit Kane, CEO Abhinav Asthana, and CTO Ankit Sobti
Mustafizur Rahman (Photo: Getty Images)
Securities and Exchange Board of India (Sebi) recently issued a consultation paper on shares with differential voting rights
 (Naveen Kumar Saini/Mint )
Bounce co-founder and CEO Vivekananda H.R says the startup uses debt to finance the purchase of scooters
Photo: Bloomberg
Photo: Bloomberg

Opinion | Artificial Intelligence needs to become less and less artificial

For AI to win people over, its applications must incorporate interventions aimed at allaying various fears generated by it

 (Jithendra M/Mint)
The NEP is a clear and strong endorsement of the public education system
The NEP is a clear and strong endorsement of the public education system

Opinion | For effective regulation of the country’s education system

Scepticism of India’s draft National Education Policy should be suspended until it is implemented

Domestic air passenger traffic grew 3% year-on-year in May 2019, reversing a 4.5% fall the sector witnessed in April.
Naveen Kumar Saini/Mint
McKinsey’s new book Africa’s Business Revolution: How To Succeed In The World’s Next Big Growth Market
(Photo: Mint)

Why soft skills will be in demand amid automation

  • A LinkedIn report, Future of Skills, based on data points from member engagement on the social media platform, highlights the need to develop soft skills in an automated world
  • Mint analyses the report that says innovation and communication will be just as important as number skills in the future

 (Photo: Bloomberg)
Deputy Prime Minister of Russia, Yury Trutnev meets External Affairs Minister S Jaishankar in New Delhi  (Photo: ANI)
 (iStock)
Aditi Pareek says the casual vibe of Pepperfry reminds her of home.
Aditi Pareek says the casual vibe of Pepperfry reminds her of home.

Where trekking serves as a metaphor for work ethics

  • Meeting rooms named after mountain passes and wall photos shot by the staff reflect the founders’ love for treks
  • Comfort and a sense of home are what Pepperfry’s founders were going for while furnishing the corporate, customer service teams

The minister said this in a meeting with representatives of associations of kirana stores, traders and retailers. Photo: Pradeep Gaur/Mint
The minister said this in a meeting with representatives of associations of kirana stores, traders and retailers. Photo: Pradeep Gaur/Mint

India will not allow multi-brand retail by foreign firms, predatory pricing

  • Goyal also 'asserted that predatory pricing will not be allowed and necessary action will be taken against defaulters'
  • Goyal also asked the traders to use government e-marketplace and MUDRA scheme to promote their business.

The government last year invited bids to sell 76% stake in Air India, along with transfer of management control.
The government last year invited bids to sell 76% stake in Air India, along with transfer of management control.

Finance Ministry to prepare fresh proposal for Air India sale

  • The government last year invited bids to sell 76% stake in Air India, along with transfer of management control
  • The government has already asked Air India to finalise its accounts for 2018-19 by June 30

The two routes account for 30% of passenger and 20% of freight traffic.  (Mint)
Saudi Arabia's Crown Prince Mohammed bin Salman. (File photo: Reuters)
Saudi Arabia's Crown Prince Mohammed bin Salman. (File photo: Reuters)

‘Credible evidence’ linking Saudi crown prince to Khashoggi murder: UN expert

  • Agnes Callamard, an independent human rights expert, calls on UN Secretary General Antonio Guterres to initiate a formal criminal investigation into the case
  • She stresses that ‘no conclusion is made as to guilt’, within her findings that were based on a large body of evidence, including CCTV footage from inside the consulate of the killing itself

Logo of Saudi Aramco. (Reuters )
Logo of Saudi Aramco. (Reuters )

Maharashtra identifies site for Saudi Aramco, ADNOC's refinery

  • The new site in Maharashtra would be at Raigad district, about 100 kms (62 milies) south of the country's financial capital Mumbai
  • The refinery was initially proposed to be built at Nanar, a village in Ratnagiri district, some 400 kms (250 miles) south of Mumbai