Bharti Airtel office building in Gurugram. (REUTERS)
Ridham Desai, managing director, Morgan Stanley India
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RBI requires banks to provision fully for their entire exposure over four quarters if they decide a loan account involves fraud
RBI requires banks to provision fully for their entire exposure over four quarters if they decide a loan account involves fraud

Banks face possible $5 billion NBFC writeoff

  • DHFL has been struggling to repay its loans as the spreading NBFC crisis has shut off new credit to the sector
  • The company’s shares are down more than 90% so far this year

DHFL is set to become the first non-bank lender
Among the top 15 fund houses in terms of fixed income assets, 78.9% of Franklin Templeton’s fixed income assets lie in securities rated AA & lower; the most in such companies.
Among the top 15 fund houses in terms of fixed income assets, 78.9% of Franklin Templeton’s fixed income assets lie in securities rated AA & lower; the most in such companies.

Franklin Templeton Mutual Fund enables side pocketing in its debt schemes

  • Franklin Templeton Asset Management has amended its schemes to enable side pocketing
  • Unit holders will be allowed to exit the Franklin schemes in question without paying exit load from November 25th to December 24th, 2019

India’s more than 15-month-old credit crisis has dragged economic growth down to its slowest in six years
India’s more than 15-month-old credit crisis has dragged economic growth down to its slowest in six years

Aadhar Housing Finance dumps small-builder portfolio

  • The RBI this week seized major non-bank lender DHFL, which held a controlling share in Aadhar until selling it to Blackstone in June

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WhatsApp was in the crosshair with the Indian government in October for the spyware attack that was first reported in May. (Bloomberg)
WhatsApp was in the crosshair with the Indian government in October for the spyware attack that was first reported in May. (Bloomberg)

How government plans to regulate social media without spying on users

  • The recent privacy concerns involving WhatsApp has strengthened call for making social media companies more accountable
  • The traceability clause has emerged as a major bone of contention between the government and privacy advocates worldover

The real estate industry has been grappling with stalled projects and a high level of inventory
The real estate industry has been grappling with stalled projects and a high level of inventory

Property market set for modest lift from government measures: Analysts

  • House prices in Bengaluru and Chennai were expected to rise around 2% over the next two years
  • Property prices in Delhi, the National Capital Region (NCR), and Mumbai were forecast to be stagnant in 2020

Visa applicants to Oman must have a return ticket and confirmed hotel reservation in order to be granted the non-sponsored tourist visa. Photo: iStock (iStock)
Visa applicants to Oman must have a return ticket and confirmed hotel reservation in order to be granted the non-sponsored tourist visa. Photo: iStock (iStock)

H1-B visa policy changes need US Congress approval

  • H1-B is the most sought-after visa that Indian IT companies use to deploy their Indian staff on overseas projects
  • H1-B visa costs account for a significant chunk of IT companies’ expenses

A manufacturing facility of Uttam Galva Steels Ltd, the Indian unit of ArcelorMittal, in Khopoli, Maharashtra (Photo: Bloomberg)
A manufacturing facility of Uttam Galva Steels Ltd, the Indian unit of ArcelorMittal, in Khopoli, Maharashtra (Photo: Bloomberg)

The pressing need to recode the IBC

  • Despite repeated changes, IBC has failed to live up to expectations. What should IBC 2.0 look like?
  • The govt is taking steps to improve the efficacy of IBC by increasing the number of NCLT benches and insolvency professionals, and running awareness campaigns

Plain Facts
Leander Paes at Wimbledon 2012. Photo: Kitwood/Getty Images

Team tennis’s moment of churn

3 min read . 21 Nov 2019
Photo: PTI

How livable is your city?

1 min read . 19 Nov 2019
Retired Chief Justice of India Ranjan Gogoi (right) interacts with his successor Sharad Arvind Bobde. Since the inception of SC, the average CJI’s tenure has been 18 months; but in recent years, this figure has fallen. (Photo: ANI)

What the numbers say about CJIs

3 min read . 19 Nov 2019
Photo: Ramesh Pathania/Mint
The quinquennial survey showed a decline in average real consumption spending.  (Photo: Ramesh Pathania/Mint)
Sundaram AMC has built up some experience in international investing. (iStock)
Sundaram AMC has built up some experience in international investing. (iStock)

Should you choose a mutual fund that invests in your favourite foreign brands?

  • Sundaram Global Brand Fund is country-agnostic and does not force you to pick a market like the US, Europe or China
  • Among the various international funds investing out of India, the best performer is also a passive fund the Motilal Oswal Nasdaq ETF which delivered 22.05% over the past 5 years

Long Reads
A manufacturing facility of Uttam Galva Steels Ltd, the Indian unit of ArcelorMittal, in Khopoli, Maharashtra (Photo: Bloomberg)

The pressing need to recode the IBC

9 min read . 10:22 AM IST
As farmers lost interest, the area under the flagship crop insurance scheme fell 17% in the two years to kharif 2018. (Photo: Hindustan Times)

Crop insurance flaws fuel farm distress

10 min read . 19 Nov 2019
It is important to have a strong technical secretariat comprising administrators, economists, accountants and lawyers to advise the GST Council.

What the new GST should look like

9 min read . 19 Nov 2019
PM Modi and his Japanese counterpart Shinzo Abe had jointly laid the foundation stone for the Bullet train project in Ahmedabad in Sept 2017
PM Modi and his Japanese counterpart Shinzo Abe had jointly laid the foundation stone for the Bullet train project in Ahmedabad in Sept 2017

Ahmedabad-Mumbai bullet train project may hit roadblock

  • If the Cong-NCP-Sena combine comes to power in Maharashtra, it may inform the Centre that the state govt will not bear the cost of the project
  • The 508-km Ahmedabad-Mumbai high speed train project is slated to be completed by 2023

INDICES
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A file photo of Union Railway Minister Piyush Goyal. (PTI)
Vande Bharat Express train runs on a rail bridge towards Katra, in Jammu.  (PTI)
The Supreme Court earlier this year ruled in favour of transparency and directed political parties to make disclosures to the Election Commission about funding via these bonds (Mint )
The Supreme Court earlier this year ruled in favour of transparency and directed political parties to make disclosures to the Election Commission about funding via these bonds (Mint )

Opinion | Of electoral bondage

Instead of scoring debating points, India’s political parties would serve their voters better by voluntarily opening themselves to greater public scrutiny

Photo: Mint (Mint)
Karnataka CM B.S. Yediyurappamint
File photo shows a sign outside of the Twitter office building in San Francisco. (AP)
File photo shows a sign outside of the Twitter office building in San Francisco. (AP)

Opinion | Twitter detox

As with most technology, whether or not Twitter’s hide feature fulfils its purpose may depend on the discretion with which a user exercises the option

The Tesla Cybertruck is unveiled at Tesla's design studio. (AP)
The Tesla Cybertruck is unveiled at Tesla's design studio. (AP)

Tesla cybertruck demo goes awry as shatterproof windows break

  • Tesla chief designer Franz von Holzhausen initially took a sledgehammer to the truck, which withstood the impact. Then it all went wrong
  • The event was shown on YouTube, with the video made private shortly after

Twitter is offering more control to its users over the conversations they start. (AP)
T V Mohandas Pai, former Infosys CFO and partner
The memorial garden in Jallianwala Bagh.
The memorial garden in Jallianwala Bagh.

Opinion | An apology long overdue

Were the Labour Party form a government and say sorry, it would assuage some feelings. Or at least suggest that Britain recognizes its wrongs

Vivekananda H.R., co-founder and CEO of Bounce. The startup hosts around 100,000 rides a day in Bengaluru alone
Vivekananda H.R., co-founder and CEO of Bounce. The startup hosts around 100,000 rides a day in Bengaluru alone

Uber hopes for a bounce in two-wheelers

  • Uber is looking beyond four-wheelers in India, and is developing a plan to add more mobility options on its app
  • Bounce allows commuters to pick and drop its scooters or motorcycles anywhere within city limits

The Sensex fell 215 points to 40,359
Dedicated FASTag Lanes have been created at the entry and exit at Hyderabad Airport. File photo. (AP)
Dedicated FASTag Lanes have been created at the entry and exit at Hyderabad Airport. File photo. (AP)

Hyderabad airport launches FASTag parking

  • Dedicated FASTag Lanes have been created at the entry and exit, which ensure zero waiting time
  • The facility was initially started with ICICI FASTag and would be rolled out through other major banks gradually

The BSE IT index fell 2% today
DHFL's owes its lenders nearly  ₹1 lakh crore (Aniruddha Chowdhury/Mint)
CSB Bank IPO will close on November 26.
Gold price today: On MCX, gold prices were up  at  ₹38,040
Palladium has jumped 40% in 2019
The duo operated from an illegal call centre in Hari Nagar and cheated people on the pretext of reviving their expired insurance policies, loan, money investment and tour and travel packages (iStock)
The duo operated from an illegal call centre in Hari Nagar and cheated people on the pretext of reviving their expired insurance policies, loan, money investment and tour and travel packages (iStock)

Delhi man duped people on the pretext of reviving expired insurance policies

  • The duo registered two companies with forged documents and opened six bank accounts on fake identities
  • A total of 13.5 crores were deposited in the accounts and around 87 lakh were cheated by the accused from different people

Denial rates for H1-B visa have gone up in the last few years.
Denial rates for H1-B visa have gone up in the last few years.

US visa: Indians account for 93% of H4 visa

  • The ability of spouses to work was introduced in 2015 and this category of visa is called H4 visa
  • Interestingly, Indians today account for 93% of the total number of visas issued in this category

The robbers allegedly hijacked the cash van along with the driver and security official.
The robbers allegedly hijacked the cash van along with the driver and security official.

Delhi ATM: 80 lakh robbed from cash van

  • The ATM cash van had a total of 1.52 crore but as per the information 80 lakh was found missing
  • The robbers allegedly hijacked the van along with the driver and security official

Some of the companies who came for the placement interviews include Google, Aditya Birla Group, Amazon, BCG, Deloitte, Deutsche Bank, EY, Goldman Sachs, HUL, ITC, JPMorgan Chase and PwC. (HT)
Some of the companies who came for the placement interviews include Google, Aditya Birla Group, Amazon, BCG, Deloitte, Deutsche Bank, EY, Goldman Sachs, HUL, ITC, JPMorgan Chase and PwC. (HT)

IIM student gets 4 lakh stipend for 2 months internship

  • The average stipend at IIM Indore is 1.68 lakh for a two-month long internship
  • 589 students participated in the placement process for summer internship being attended by over 160 employers

SpiceJet passengers have also been offered a full refund if they do not wish to travel to Aurangabad during the said dates.
SpiceJet passengers have also been offered a full refund if they do not wish to travel to Aurangabad during the said dates.

SpiceJet temporarily moves Shirdi flights to Aurangabad

  • SpiceJet operates daily flights to Shirdi from Delhi, Hyderabad, Chennai, and Bengaluru
  • Between November 22-26, all the flights operating from and to Shirdi airport will be operated from and to Aurangabad airport

Photo: AP
Wooing the crowds: (From left) former team India cricketers Harbhajan Singh, Rahul Dravid and moderator Boria Majumdar.
Overnight, US indices closed in the red for the second day in a row due to profit booking. (Photo: PTI)
Syska Mosguard LED Bulb is priced at  ₹699.
In New Delhi, a litre of petrol costs  ₹74.35 and diesel  ₹65.84. In Mumbai, a litre of petrol is priced at  ₹80.01 and diesel  ₹69.06. (Mint)
In New Delhi, a litre of petrol costs 74.35 and diesel 65.84. In Mumbai, a litre of petrol is priced at 80.01 and diesel 69.06. (Mint)

Petrol, diesel price gap widens by 1.5 this month. Check today's rates

  • So far in the month, the price of petrol has went up by 1.49 a litre while that of diesel has gone up by just 4 paise a litre
  • In Mumbai, petrol price has crossed the 80 mark while in Gurgaon it is touching 74

FASTags can be bought from banks, toll plazas as well as online on Amazon.