Oil prices jump the highest ever after attack cuts Saudi Arabian supplies

• Brent jumped more than 19% on ICE Futures Europe to $71.95 a barrel, its biggest gain in percentage terms since 1991
• Gold, the yen and Treasuries also surged on concern over the geopolitical fallout from the attacks

Lee Fixel sets sights on Indian startups again, may invest $1 billion

• Former Tiger Global exec plans to invest in Indian firms when non-compete agreement with his former employer expires, which might be as soon as next month
• Fixel has held conversations to invest personally in a $24 million seed round at fintech startup Amica Tech

Goldman Sachs, PremjiInvest and Munjal look to invest in PNB Housing Finance

• The PNB Housing Finance board okayed a plan to raise capital of up to ₹2,000 cr in July
• Two of its existing shareholders, private equity firms General Atlantic and Carlyle, will also infuse funds into the mortgage lender

States wary of any move to reduce GST rates

• Opposition from some states may make it tough for the Centre to respond to automakers’ pleas for tax cuts
• Some states cited revenue shortfall for opposing a move to cut GST rates

Best camera in iPhone X, Samsung or Google Pixel? Anand Mahindra joins debate

• Anand Mahindra has yet again reignited the debate by posting a tweet on this issue
• Mahindra, who is known for bringing some interesting issues to light, has 7.2 million Twitter followers

Mutual fund investors riding out market volatility through smart moves

• The driving force for mutual fund investments are SIP flows, which have averaged ₹8,000 cr for the 12 months till Aug
• Investors are moving out of the riskier segments of credit risk funds into others such as corporate bond funds

Amid a sharp auto slowdown, small towns drive up sales of used cars

• Sales of used cars are estimated to rise to as many as 4.4 million units this fiscal from 4 million in the previous fiscal
• Car resellers expect the surge in sales of used cars to continue due to new regulations and changing consumer tastes.

Maruti offers discounts to revive demand during festive season

• India’s largest passenger vehicle maker is also urging commercial banks to lower rates on vehicle loans
• Maruti is currently offering discounts ranging from ₹40,000 to ₹100,000 on its vehicles

RCEP deal may have pushed government to announce exports package

• In the RCEP Ministerial concluded last week in Bangkok, member countries resolved to conclude negotiations by November
• India has been seeking a more balanced outcome of the RCEP deal with a strong agreement on services trade

Energy deals, address to UNGA on PM’s agenda during US visit

• Several meetings are lined up on the sidelines of the UN General Assembly, before he addresses it on 27 Sep
• PM Modi is scheduled to meet top representatives of the US energy sector in Houston

Pakistan could lose conventional war with India: Imran Khan

• Khan ruled out the possibility of dialogue with India in the aftermath of the country's decision to abrogate Article 370, which gave special status to J&K
• He told Al Jazeera that a war could be consequential considering the two neighbouring countries are nuclear-armed

Opinion | Does new India have appetite for tough change?

Taking one step forward and two steps back undermines the legitimacy of policy change

The new iPhone is cheaper. Should you EMI it?

• Easy-to-get EMI options may lure you but opt for them to buy the new iPhone only if you are sure of future revenue streams, given the slowdown
• It is a good idea to understand the full cost of the loan and the phone before you buy the new iPhone

Defence ministry takes a shot at the startup game

• More than 40 private tech firms are helping the government build underwater drones, see-through armour and more
• There are vast gaps to fill. The startup world has little understanding of how the government functions. The reverse is true as well

Gold prices surge today, silver prices jump over ₹1,000 in a day

• Geopolitical tensions after attack on Saudi oil infrastructure has boosted the safe haven appeal of gold
• A sharp fall in rupee also boosted gold and silver prices

Rupee falls sharply against US dollar today as oil surges: 5 things to know

• A surge in global oil prices pushed the Indian rupee lower
• Saudi Arabia is the second largest supplier of crude to India

New traffic rules: Jharkhand will not impose fines before December

• The Jharkhand government has decided to give a three-month relief to motorists under the new Motor Vehicles Act
• Several other state governments have also put implementation of the traffic fines on hold

Petrol, diesel prices likely to increase after Saudi oil attacks

• In one of the biggest one-day leap in recent times, Brent crude oil soared almost 20% at one point today
• A litre of petrol was selling at ₹71.89 in Delhi, ₹77.57 in Mumbai, ₹74.70 in Chennai, ₹74.62 in Kolkata

IIT-Kharagpur team rolls out indigenous electric three-wheeler Deshla

• Deshla can run at a speed of up to 50km per hour and is far more stable and jerk-free on bad roads
• The IIT Kharagpur team now aims to raise funds for commercial production

Labour minister Gangwar says ‘no shortage of jobs’, sparks political criticism

• 'Recruiters who visit north India complain of facing dearth of quality people for the posts they need to fill,' said Gangwar on Saturday
• Congress leader Priyanka Gandhi Vadra said the govt was trying to escape blame for the job losses due to economic slowdown by such 'insulting' comments

HDFC Bank cuts FD rates twice in less than 15 days. Latest interest rates here

• HDFC Bank latest FD interest rates are applicable with effect from 13th September
• Senior citizens continue to get 50 basis points higher interest rates than the general public

NHPC to monetise 10 hydropower projects to help meet disinvestment target

• 'NHPC will be shortly appointing a consultant for the advisory study that has to be submitted by September end,' said a government official
• NHPC posted a net profit of ₹2631 crore on a revenue of ₹8161 crore in 2018-19

Returns are usually low in endowment plans

• When you take the policy, you must declare the pre-existing conditions; in your daughter’s case, you should declare that she suffers from asthma
• The number of diseases that are restricted to a specific amount and the amount itself can be customized

Apple slashes prices of iPhone XR, older iPhone models ahead of festive season

• Apple iPhone XR, iPhone XS and Apple Watch Series 3 received a huge price cut
• Apple registered double-digit growth in India in the second quarter this year, thanks to iPhone XR

How an SBI account holder can withdraw money from ATM without a debit card

• Yono is a digital banking platform of SBI and customers can use it on their smartphones to make digital transactions and payments
• Though the SBI Yono app, an account holder can also perform basic banking transactions

Soon, you will be able to track your loan application status online

• Given the complexity and the long process involved before a loan is sanctioned, tracking its status can help you save time and plan your next course of action accordingly
• Some lending institutions already have a loan application tracking facility on their websites, but the service is limited to few specific type of loan applications

Modi govt seeks to lift housing market, exports to arrest economic downturn

• Sitharaman announced a host of steps to support housing and export sectors in a bid to create more jobs and to reverse an economic downturn
• The measures announced, include easing of foreign borrowing norms to facilitate low cost funds for affordable housing, overhaul of tax refund schemes for exporters, priority sector tag for export credit

Drone strikes on world’s biggest oil producer worry Indian energy planners

• Saudi Arabia is a crucial source of energy for India and the second largest supplier of crude and cooking gas to India
• Any spike in global crude prices will impact India’s oil import bill and trade deficit

Is India prepared to deal with drone-based terrorist attacks?

• Under the new regulations, every UAV that weighs above 250g and can fly over an altitude of 50 feet has to be registered and regulated through an online platform called Digital Sky
• Experts feel that the govt should first try to have some kind of an anti drone system in place physically in the sky which can shoot or bring down rogue drones quickly

India’s unicorns find exit doors blocked

The hype is gone with the dramatic fall in valuations of WeWork and Uber. How would that impact India’s startups?

India’s public transport challenge

An effective mass transit system for India’s large urban agglomerations can flourish only with adequate financing of buses, metros, and suburban rail

HK protesters hurl petrol bombs at govt buildings in latest wave of unrest

• Police fire tear gas, water cannon to break up protests
• Demonstrators seek help from former colonial power Britain

Should you go for the ₹2 cover that comes with your Ola ride?

• Bite-sized insurance policies come with low premiums, but the cover they provide is limited in scope
• Traditional plans offer a wide range of covers within a single product, whereas sachet policies address specific risks

Opinion | Spanner removal

A ₹20,000-crore package for housing, half funded by the Centre, is expected to rescue affordable housing projects that haven’t yet gone bust

How your investments in NPS are faring

• There are eight pension fund managers to choose from and one of the ways to choose your fund manager is by tracking the returns
• Here is a breakdown of the performance of different funds of the private sector NPS

Why companies have stopped fresh investments

• In the past two quarters, the investment part of GDP grew just 3.6% and 4%, respectively, in real terms. The ‘twin balance sheet’ problem faced by banks and corporates is often attributed for the slow growth in investment
• But data shows that is not the case. Mint takes a look

Salary received abroad by ‘resident and ordinary resident’ is taxable in India

You may evaluate claiming foreign tax credits under the India-US Double Tax Avoidance Agreement, for the taxes, if any, paid in the US on the salary received during the assignment, subject to satisfaction of conditions

Car loan compared: Interest rate, EMI, processing fee

• A loan for longer may mean smaller EMIs, which makes the car seem more affordable, but overall, you pay more as interest
• Don’t forget that a car is a depreciating asset, so taking a bigger loan may not be the best thing to do

Will banks offering repo-linked rates impact NBFCs and HFCs?

• The RBI has mandated banks to link their lending rates to an external benchmark like the repo rate to ensure faster transmission of policy rate changes to customers.
• Nilanjana Chakraborty asks experts how partial implementation will impact these companies and their customers, and whether it will lead to new borrowers naturally gravitating towards banks now

Indian Air Force receives Spice-2000 'building blaster' buster bombs

• The Indian Air Force has signed an over ₹250 crore contract with Israel with Mark 84 warhead and bombs which can destroy buildings completely
• During the Balakot strikes, the Air Force had dropped Spice-2000 bombs from Mirage-2000 fighter aircraft

Association with IIM-Lucknow will help UP become $1 trillion economy: Adityanath

• For the second consecutive Sunday, Chief Minister Adityanath, all ministers of his government and IAS officer of the Secretary rank attended a day-long session on leadership development in IIM Lucknow
• This was the second of the three-part programme that the ministers and bureaucrats are attending to learn management skills

I eat junk food only when there is a craving: Ayushi Gudwani

The founder and CEO of FableStreet says she does CrossFit five-six days a week, which helps her focus more

Just ahead of festive season, Flipkart expands pan-India delivery reach by 80%

• With this increase in reach, Flipkart consumers in smaller towns will be able to access large appliances such as Smart TVs, washing machines and refrigerators
• The company claims that it has increased its reach to around 19,200 PIN codes from about 10,660 codes in 2018 for delivery of large appliances

Tata Motors announces discounts up to ₹1.5 lakh on Nexon, Hexa, Tiago

• Tata Motors has also tied up with multiple banks and financial institutions to offer up to 100% on-road finance
• Tata Motors had reported a 58% decline in its domestic passenger vehicle sales at 7,316 units in August

Here are stocks investors avoided in 2019 so far, even at rock bottom pricing

• Traders have resorted to panic selling, often at rates even less than a rupee, some over reports of allegations of fraud and others over poor corporate governance
• Cox & Kings turned out to be the biggest wealth destroyers

Chinese manjha hits overhead power line of Delhi Metro; services hit

• The incident took place in the evening, following which the train was halted for a precautionary check
• The Red Line connects Rithala in Delhi to Shahid Sthal (New Bus Adda) in Ghaziabad

Steve Smith creates a record of scoring most runs in a series this century

• Steve Smith recently attainted the number one batsman spot in the ICC Test rankings
• In the ongoing fifth Ashes Test against England, Steve Smith went past his own record of scoring 769 runs against India during the 2014-15 season

Aramco tells Indian refiner it will get oil: Report

• Aramco said it will deliver crude to Indian refinery from other sources and had adequate inventory
• Aramco has lost half of its production capacity after attacks on its facilities on Saturday

Disappointed with govt's measures to boost real estate: CREDAI

• CREDAI President Satish Magar termed the government's announcement as 'half-hearted attempt' to revive the ailing real estate sector
• The Credai Chairman said the government should remove the unit price cap of ₹45 lakh for availing the additional deduction of ₹1.5 lakh on home loan interest

Air India to serve low-fat diet to its cabin crew to improve their health

• The move aims to provide light and healthy meals for the crew members along with a homely (Indian) feeling, Air India said
• The special low-fat diet meal for the crew members will be worked out on day-wise basis, the airline added

Will implement NRC in Haryana, says Khattar

• On August 31, the final NRC in Assam was released, leaving out 19 lakh people
• Several political parties, including the BJP in the northeastern state, have voiced their dissatisfaction with the final document

Tinda Masala to Palak Matar Bhurji: Air India's low-fat meals

• In 2018-19, Air India incurred losses of around ₹7,600 crore
• An Air India spokesperson told PTI, 'We are introducing healthy special meals for all crew'

PM asked me to make J&K shine so that people of PoK want to come here: Malik

• The J&K Governor said that the Centre was eager to help the people of the region and urged them to come forward with their demands
• The Central government has given J&K 8 medical colleges this year alone, which is more than what has been given to any other state in the country, says Malik

80% requests on Delhi railway police helpline are about pizza, mobile recharge

• The Delhi Railway Police Control Room receives 200 phone calls on an average on its 1512 helpline daily
• Passengers either request the staff to get eatables such as pizzas and burgers delivered to them or enquire about railway jobs, police said on Sunday