What India can learn from EU’s data dreams

Europe has unveiled a startup-fuelled plan to take on US and Chinese dominance in data. India must tune in

Pandemic fears grip Wall Street: Dow Jones plunges more than 800 points

• Rate-sensitive bank stocks, high-growth tech shares slide
• Wall Street's fear gauge surges to six-month high; health insurers fall after Bernie Sanders' Nevada victory

RBI not as surprised as others on slowing GDP growth: Shaktikanta Das

• At the 13th Mint Annual Banking Conclave in Mumbai, Das reiterated the monetary policy committee’s intent in terms of the accommodative stance
• RBI governor says the current monetary policy framework provides the due focus that is required to be given with regard to growth

Donald Trump in India: US President says PM Modi is a 'tough negotiator'

• After visiting Taj Mahal and addressing a huge gathering in Ahmedabad, Trump reached New Delhi on Monday evening
• Trump will be accorded a ceremonial welcome at the Rashtrapati Bhavan on Tuesday morning. Trump will also pay tributes to Mahatma Gandhi at Rajghat

Harvey Weinstein found guilty in landmark #MeToo moment

• Harvey Weinstein was found guilty of criminal sex act for assaulting production assistant Mimi Haleyi at his apartment in 2006 and third-degree rape of a woman in 2013
• The jury of seven men and five women took five days to find him guilty

DoT asks telcos for documents supporting AGR math

• Telecom operators are scrambling to pay dues after the SC pulled up telcos and government officials for failing to comply with its verdict
• The SC order dealt a massive blow to the telecom industry, which argued that AGR should only include revenue from core telecom operations

Banks must prepare themselves against impact of coronavirus: RBI governor

• Das says a slowing global growth would add to the stress on the Indian corporate balancesheet and thereby on banks
• RBI governor also says slowing domestic credit growth is another challenge and banks should therefore focus on credit off-take

Dow futures drop over 750 points as coronavirus cases outside China surge

US stock index futures slid, with S&P 500 March contracts down 2.5% at 7:39 am in New York, after a raft of new coronavirus cases in numerous countries outside China renewed concern about the ability of the illness to spread

Warren Buffett calls coronavirus outbreak 'scary stuff'

• Warren Buffett said Berkshire over the long term is unlikely to be in the top 15% or bottom 30% of stocks, but will outperform in down markets
• Warren Buffett, however, said long-term investors should not get caught up in daily headlines

TVS Motor cuts production in Feb due to coronavirus outbreak

• TVS says the supply chain disruption in China due to the coronavirus outbreak will lead to 10% drop in production of BS-VI vehicles
• The company also exploring suppliers in other regions and are looking to localise within India

DIPAM extends time for clarifications on Air India divestment

• Of the total debt of ₹60,074 crore as of March 31, 2019, the buyer would be required to absorb ₹23,286 crore
• Air India is one of the important divestment target for the current fiscal to reach the huge ₹2.1 lakh crore target

Samsung Galaxy S20+ first impressions

• Despite the big screen and a 4,500mAh battery inside, the Samsung Galaxy S20+ is quite compact and handy to use
• The phone has a 64MP telephoto camera, 12MP ultra wide, 12 MP wide angle and depth vision camera

RBI Governor Shaktikanta Das: Slow credit off-take the biggest challenge

• RBI governor Shaktikanta Das delivered the keynote address at the 13th Mint Annual Banking Conclave
• Das said the slowing down of credit off-take is the biggest challenge for banks everywhere

HUL to set up new manufacturing arm, move to help co avail lower 15% tax

• HUL sells packaged goods including foods and refreshments, personal and beauty care products, and home care brands
• For the year ended March 2019, HUL posted revenues of ₹38,224 crore

Nokia 9 PureView gets massive price cut of ₹15,000. Check latest price, specs

• The Nokia 9 PureView was launched as the world's first smartphone with five cameras last year
• The discounted price is currently reflecting on Nokia India official website

DoT seeks Rs7,608 cr from GAIL in dues for FY18

DoT not pressing for immediate payment of Rs1.83 lakh crore in past dues it had previously assessed from GAIL

Mukesh Ambani sees online gaming as next big thing in India

• Mukesh Ambani said gaming doesn’t really exist in India and sees a huge opportunity with increasing broadband connectivity
• Mukesh Ambani’s interest in gaming comes at a time when the country is witnessing the growth of online fantasy sports leagues

Mumbai and Delhi stream more music than any other Indian city

• People in Mumbai spend more time listening to music, followed by Delhi, Bengaluru and Hyderabad
• About 13 million adults listened to an audio streaming app during the month, with an average person spending 65 minutes a day listening to music

Sebi reviews margin framework for cash, derivatives segments

• The move has been taken to keep pace with the changing market dynamics and to bring more efficiency in the risk management framework
• With regard to margin framework for the cash market, Sebi has divided value at risk margin rates in three categories based on liquidity

Donald Trump visits Taj Mahal, says America loves India

• Taj Mahal, considered one of the seven wonders of the world, stands on the bank of Yamuna, and is always high on the itinerary of visiting heads of state
• President Trump and the First Lady held hands as they strolled at the Taj complex

Coronavirus pushes beyond Asia, taking aim at Europe, Mideast

• China reported 409 new cases of the illness on Monday, raising the mainland's total to 77,150
• Worldwide, the number of people sickened by the coronavirus topped 79,000, and wherever it sprung up, officials rushed to try to contain it

Every small Indian businessman can become a Dhirubhai, Gates: Mukesh Ambani

• MSMEs generate 70% of India's employment, drive 40% of exports, are critical to all economic activity
• Tech-enabled society will not only be better for businesses, but also boost ease of living

Oil slides 4% on demand concerns as coronavirus spreads

• Coronavirus cases jump in South Korea, Italy and Iran
• China braces for big economic hit from virus, says Xi Jinping

CCI finds merit in Treebo’s complaint against MakeMyTrip, Oyo for further probe

• As per the complaint, Treebo and its partner hotels are being excluded from listing on MMT's platform through abrupt termination pursuant to the commercial arrangement between MMT and Oyo
• It was alleged that MMT imposed 'price parity restriction' on Treebo partner hotels

US FCC chief Ajit Pai meets Trai chairman, telecom secretary

• Talks were held on a variety of spectrum issues including 5G
• Pai says India and the US must work closely and work towards improving spectrum efficiency

Roads leading to ITC Maurya fortified, hotel put under heavy security cover

• Delhi Police is also working in close coordination with civic bodies
• The entry and exit to the hotel is being strictly monitored by security agencies and it has not taken any bookings till Trump is in Delhi

Amid coronavirus fears, even a haircut is a major operation

• Just 130 Beijing barbershops were allowed to open by Monday, only a tiny fraction of the more than 20,000 that usually operate across Beijing
• Customers must maintain a distance of no less than 1.5 meters (5 feet) between chairs — that is, if they manage to make an appointment

Microsoft's Nadella says streamlined cloud approach can improve reskilling

• TCS CEO and managing director Rajesh Gopinathan also attended the Future Decoded event in Mumbai
• Nadella said there is a possibility of 50 billion devices being connected on cloud by 2030

Indian refiners get rare oil cheap as China demand slows owing to coronavirus

• BPCL will receive a million barrels each of Brazil's Sapinhoa and Mediterranean CPC blend in April
• Asia's spot premiums for West Asian, Russian, West African and Brazilian crude have all dropped this month with grades favoured by Chinese buyers, such as ESPO, Lula and Angolan, hurt the mos

Investors lose ₹3 trillion as Sensex tanks 800 points

• Sensex and Nifty fell below psychologically crucial levels of 41,000 and 12,000
• HDFC twins, RIL, ICICI Bank and ITC

The fight to fix the fault in our audits

The government has a new plan to set the world of corporate audits right. Will it work?

New India welcomes Donald Trump in 2020: Mukesh Ambani

• Trump and family received a rousing welcome from an estimated 1.10 lakh people at the Motera stadium
• Ambani said that Motera stadium is a shining example of how India is progressing ahead

Realme X50 Pro, India's first 5G phone, launched at ₹37,999. Specs, details

• The Realme X50 Pro houses the latest Qualcomm Snapdragon 865 chipset
• The smartphones will go live on sale today on Flipkart and on realme.com

A bit of gold can help reduce volatility

• Investment in gold versus equity can reduce your overall portfolio returns, but it also helps check volatility. Experts suggest 5-10% allocation to gold
• Gold has a low to negative correlation with equity, which makes it a good portfolio diversifier

UK's new immigration system: Who benefits, who loses from the new visa system

• the U.K. government is proposing using a scorecard system to favor skilled people coming to the country
• Among the EU nationals currently in Britain, 70% wouldn’t make the cut under the new rules

Microsoft CEO Satya Nadella trumpets cloud tie-up with Reliance Industries

• Microsoft struck a 10-year deal with Reliance in 2019, committing to power the oil-to-telecoms conglomerate's data centres with its Azure cloud
• Nadella is in India for a three-day tour that kicked off today

NRIs can claim tax break for health plan premiums paid for dependant parents

Only residents can claim benefit for maintenance, including medical treatment of a dependant with a disability

Gold prices today jump over ₹1,100 per 10 gram in just a day

• Gold prices surged as many countries reported a surge in coronavirus cases
• Some analysts are betting that gold prices may further go up amid risk-off moves

ExxonMobil inks cooperation pact with IndianOil and Chart Industries

• Pact signed for supplying LNG by by road, rail and waterways to areas not connected by physical pipelines in India
• The companies will implement a gas infrastructure initiative that leverages LNG ISO intermodal containers to move gas as a reliable, cleaner and cost-effective fuel