(Photo: Pradeep Gaur/Mint)
Economic growth is expected to accelerate to 7.2% in the following year (Photo: Reuters)
Valuations at 51 times estimated FY20 earnings are pricey but may remain resilient (Photo: Pradeep Gaur/Mint)
Karnataka chief minister H.D. Kumaraswamy during the assembly session at Vidhana Soudha, in Bengaluru (Photo: PTI)
Karnataka chief minister H.D. Kumaraswamy during the assembly session at Vidhana Soudha, in Bengaluru (Photo: PTI)

After losing trust vote, HDK resigns as CM; BJP to stake claim in Karnataka

  • The confidence motion moved by Kumaraswamy got 99 votes as against 105 of the opposition
  • BJP will stake claim to form the next government in Karnataka on Wednesday after meeting Governor Vajubhai Vala, state BJP leader R. Ashoka said

Reliance’s shares closed 0.5% lower at  ₹1,273.55 after falling as much as 1.6% earlier (Photo: Reuters)
Reliance’s shares closed 0.5% lower at 1,273.55 after falling as much as 1.6% earlier (Photo: Reuters)

Saudi Aramco's talks to buy minority stake in RIL's refining assets stall

  • Aramco is concerned about Reliance’s proposal to shift some debt of the wider group to its refinery business ahead of the transaction
  • Reliance’s debt increased 20% over the past year as it spent $36 billion to disrupt India’s wireless market with cheap data and free calls

Anand Piramal, executive director of Piramal Group, has invested in his personal capacity
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RBI deputy governor B.P. Kanungo (Photo: Reuters)

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Boris Johnson speaks after being announced as Britain's next Prime Minister at The Queen Elizabeth II centre in London (Photo: Reuters)
Boris Johnson speaks after being announced as Britain's next Prime Minister at The Queen Elizabeth II centre in London (Photo: Reuters)

Boris Johnson wins race to be next British Prime Minister

  • Johnson defeated his rival Foreign Secretary Jeremy Hunt by a landslide in a ballot of the Conservative Party’s roughly 160,000 members
  • The incoming PM has just 100 days to negotiate a new divorce deal with the European Union before the UK is due to leave the bloc at the end of October

The Ministry of External Affairs has rejected Trump's remarks, made during his meeting with Pakistan Prime Minister Imran Khan (Photo: Reuters)
The Ministry of External Affairs has rejected Trump's remarks, made during his meeting with Pakistan Prime Minister Imran Khan (Photo: Reuters)

Diplomatic furore erupts in India over Donald Trump's Kashmir mediation remarks

  • If Trump's claim that Modi had asked him to mediate on Kashmir issue is true, then Modi betrayed interests of the country, said Congress leader Rahul Gandhi
  • With these remarks, Trump appeared to have reversed decades of US policy endorsed by a succession of Republican and Democratic administrations

A file photo of Viral Acharya. (Reuters)
Plain Facts
Supreme Court has appointed senior advocate R.Venkataramani as the court receiver.
Long Reads
Jet Airways has not flown since 18 April due to funding woes (Photo: Reuters)
ITR Filing
India had on Monday launched Chandrayaan-2 on-board its powerful rocket GSLV-MkIII-M1 from the spaceport of Sriharikota
India had on Monday launched Chandrayaan-2 on-board its powerful rocket GSLV-MkIII-M1 from the spaceport of Sriharikota

Chandrayaan-2 is in good health and moving in right direction: ISRO

  • If successful, it will make India the fourth country after Russia, the US and China to pull off a soft landing on the moon
  • An ISRO official said no updates on the mission have been made because there is no need for it at this juncture

Shares of HUL today closed 0.9% higher at  ₹1,693.20 on the BSE. (Mint)
A poll of 14 analysts had estimated net profit of  ₹1560.3 crore for the quarter
Former Pakistan captain Wasim Akram
L&T's consolidated order book stood at  ₹2.94 trillion as of 30 June (Photo: Reuters)
Post-elections, the Congress has also been able to show some resilience in cornering the government over its alleged failure in rebuilding from last year’s major floods (Photo: PTI)
Post-elections, the Congress has also been able to show some resilience in cornering the government over its alleged failure in rebuilding from last year’s major floods (Photo: PTI)

Riding on anti-govt protests, Congress sees a boost in Kerala

  • Taking up a series of anti-government agitations recently, the party has received a boost in the public eye in Kerala
  • Kerala is the only southern state where the party won significantly in parliamentary polls, no less than 19 out of 20 seats

With the additional tax on dividends, companies had found share buybacks a more optimum route to distribute surplus cash to shareholders (Mint)
With the additional tax on dividends, companies had found share buybacks a more optimum route to distribute surplus cash to shareholders (Mint)

Companies seek clarity on buyback tax from finance ministry

  • Some companies have sought clarity on the applicability of the buyback tax on their offerings, which had been announced before the Budget proposal
  • In the past three years, publicly traded firms bought back shares worth 1.43 trillion

Huawei 5G Smartphone Mate 20X smartphones stacked on top of each other. Photo: Reuters
Huawei 5G Smartphone Mate 20X smartphones stacked on top of each other. Photo: Reuters

Huawei to introduce Mate 20 X 5G on July 26

  • Since the phone is 5G, one can expect unveiling of the 5G network in China that should appear first in major cities like Shanghai, Beijing and Shenzhen
  • The device is powered by Kirin 980 processor with 7nm Balong 5000 5G multi-mode chipset that also supports 4G/3G/2G networks

The pact will not bar Micromax from launching its own devices in the Indian market. (Reuters)
The pact will not bar Micromax from launching its own devices in the Indian market. (Reuters)

Huawei inks distribution pact with Micromax

  • Huawei said the partnership is "aimed at a long-term association under a commercial agreement, primarily driven by sales and purchases"
  • The move assumes significance as Huawei faces a ban from the US government

APPLE satellite being tested in a bullock cart in 1981. (Photo: www.isro.gov.in)
India captain Virat Kohli (Photo: AFP)
India captain Virat Kohli (Photo: AFP)

India captain Virat Kohli remains number one ranked batsman in Test cricket

  • In the Test team rankings, India remained in top position followed by New Zealand (2) and South Africa (3) with England (4) and Australia (5)
  • Virat Kohli is on 922 points with New Zealand skipper Kane Williamson (913) just behind him and Cheteshwar Pujara (881) third in the rankings

(Photo: Priyanka Parashar/Mint)
(Photo: Priyanka Parashar/Mint)

Consumer confidence recovers marginally in July: Survey

  • The India Primary Consumer Sentiment Index has shown recovery in July 2019, and has moved up by 0.6 points
  • The recovery comes as the consumer confidence for the month of June fell by 2.9% as the high cost of living and general gloom around state of economy weighed heavy on Indian households

Donald Trump and Narendra Modi. Photo: Reuters
InterGlobe Aviation co-founder Rahul Bhatia (Photo: Pradeep Gaur/Mint)
The southwest monsoon has covered the entire country on 19 July, against its normal date of 15 July. (Photo: PTI )
 (Bloomberg file)
Small eateries account for 80% of Zomato’s orders in emerging cities. For Swiggy, 35% of its business comes from small outlets and stand-alone restaurants. (Mint)
Small eateries account for 80% of Zomato’s orders in emerging cities. For Swiggy, 35% of its business comes from small outlets and stand-alone restaurants. (Mint)

Small eateries log on to food delivery apps, discover new customer base

  • In small cities, the apps are helping outlets expand their business and in metros, iconic joints are getting new customers
  • India’s food services market is pegged at 4.2 tn, 65% of which comprises unorganized and unlicensed joints

Vetri Subramaniam, group president and head of equity, UTI Asset Management
Munish Varma, managing partner at SoftBank Vision Fund.
The court added that Noida and Greater Noida colluded with the realty group in allowing diversion of the home buyers' money and not acting as per the law. (HT)
The court added that Noida and Greater Noida colluded with the realty group in allowing diversion of the home buyers' money and not acting as per the law. (HT)

Supreme Court cancels registration, lease of Amrapali group

  • The court directed ED to investigate the alleged money laundering by Amrapali CMD Anil Sharma and other directors of the group
  • The apex court also directed Noida and Greater Noida to handover a completion certificate to the flat buyers who are already residing in various projects

Not just global cues, domestically as well odds seem to be in favour of the precious metal. (Photo: Reuters)
More than 1,976 stocks traded on BSE have dropped since January—that’s 86% of all traded stocks. (HT)
More than 1,976 stocks traded on BSE have dropped since January—that’s 86% of all traded stocks. (HT)

Mid-cap mayhem: Long road to recovery

  • Mid- and small-cap stocks have gone through a free fall. To make matters worse, large-caps are now in trouble
  • The large-cap-based BSE Sensex has been masking the pain. The bellwether gained 12% since Jan 2018, but within the large-cap universe, only a handful are driving the surge

Sourirajan with his wife, Subasree and daughter, Gayathri Ganesh at their Chennai residence. He was able to move to his house only after a long court battle with his tenant. (Sai Sen/Mint)
Sourirajan with his wife, Subasree and daughter, Gayathri Ganesh at their Chennai residence. He was able to move to his house only after a long court battle with his tenant. (Sai Sen/Mint)

Draft Act has little room for owner-tenant fights

  • Draft Model Tenancy Act tries to balance the rights and interests of owners, tenants
  • The draft Act proposes to cap security deposit to a maximum of two months’ of rent for residential houses

Kavita Kumble took a loan from IDFC First Bank for her solo trip to Antarctica
Vistara currently serves 24 domestic destinations with a fleet of 23 Airbus A320 and six Boeing 737-800NG aircraft.
According to the plan, eight of the 17 aircraft would be put back into operation by the end of August itself. (Photo: Reuters )
Of the total, Piramal has fully exited four projects and has partially exited one. (Photo: Mint)
Of the total, Piramal has fully exited four projects and has partially exited one. (Photo: Mint)

Piramal’s real estate fund seeks extension

  • Launched in 2013, the fund has a tenure of six years which is extendable by another two years
  • The group firm said cash flow in a residential project in Pune was hit due to liquidity issues and inability to carry out sales and development activities

The $1 billion investment goes to the for-profit arm OpenAI LP (Reuters)
Union Minister for Road Transport and Highway Nitin Gadkari. (PTI)
The death of Hidma, who carried a reward of  ₹1 lakh on his head, is now likely to drastically alter the operational mechanism of Naxalites in Chhattisgarh's Bastar. (ANI)
The death of Hidma, who carried a reward of 1 lakh on his head, is now likely to drastically alter the operational mechanism of Naxalites in Chhattisgarh's Bastar. (ANI)

Security forces kill top Naxal commander in Chhattisgarh

  • Madkam Hidma had allegedly masterminded the 2017 attack in the district that killed 25 CRPF personnel
  • With the Naxals operating under a new chief commander, officials said the cadres will now focus on inflicting greater casualty/damage on security forces

Sonia Gandhi went on to speak about how more than 60 lakh citizens of the country have used the RTI Act to “usher in a new culture” of transparency and accountability. (PTI)
Sonia Gandhi went on to speak about how more than 60 lakh citizens of the country have used the RTI Act to “usher in a new culture” of transparency and accountability. (PTI)

RTI stands at the brink of extinction: Sonia Gandhi

  • Her strong remarks come a day after the Lok Sabha passed the Right to Information (Amendment) Bill, 2019
  • The bill seeks to empower the central government on deciding the terms of chief information commissioners and information commissioners

Photo: Bloomberg.
Chief Minister of Karnataka and JD(S) leader H. D. Kumaraswamy. (ANI)
Chief Minister of Karnataka and JD(S) leader H. D. Kumaraswamy. (ANI)

Karnataka floor test may be concluded today

  • The situation threatening to escalate into a full blown constitutional crisis in Karnataka
  • Proceedings began on a fiery note on Tuesday, with only a handful of legislators from the coalition being present when the session began

Dubai is set to see retail space surge by 42% by the end of 2021, according to property adviser JLL
Dubai is set to see retail space surge by 42% by the end of 2021, according to property adviser JLL

Dubai's real estate slump catches up with the city's finance hub

  • Dubai’s financial district has also been impacted as global banks retreat to their home markets
  • Dubai's real-estate market has been hit by a slump brought on by oversupply and slower economic growth

The fares on this new route are starting at  ₹1999*, IndiGo noted.
Girls click a selfie after collecting water for Kanwar Yatra from Narmada river on the first day Sawan month in Jabalpur. (ANI)
Girls click a selfie after collecting water for Kanwar Yatra from Narmada river on the first day Sawan month in Jabalpur. (ANI)

Kanwar Yatra app for pilgrims in Meerut

  • Kanwar Yatra app provides all information about the routes, temples, hospitals, police and camps in Meerut zone
  • The app can be downloaded from Google play store

A still from Mulk, which did not find box-office success but has managed to garner views on video streaming platform ZEE5.
A still from Mulk, which did not find box-office success but has managed to garner views on video streaming platform ZEE5.

Streaming sites a haven for niche films while blockbusters take to TV

  • Video streaming services have become a haven for experimental films that are unlikely to find theatrical draw
  • Impressions, a term used by the viewership measurement agency BARC, refer to the number of individuals in thousands of a target audience who viewed an event, averaged across minutes

On MCX, gold prices were down below  ₹35,000 per 10 gram
Glitch in Delhi Metro's Magenta Line Photo: PTI
 (Photo: iStock)
(Photo: iStock)

No new changes in online ITR forms, says CBDT

  • Online ITR forms were changed and updated on 1 April itself, while utility forms meant for partial online filing were updated with the changes in May
  • Updating of utility does not hamper filing of ITR as taxpayers can use utility available at any given point, said CBDT

HDFC Bank has hiked interest rates on FDs with maturity between 5 years and 10 years (HT)
Earlier this month, the NCLAT allowed ArcelorMittal’s purchase of Essar Steel, while modifying the distribution of the proceeds (Mint file)
Earlier this month, the NCLAT allowed ArcelorMittal’s purchase of Essar Steel, while modifying the distribution of the proceeds (Mint file)

Apex court stays NCLAT verdict in Essar Steel insolvency case

  • The top court put on hold the sale of Essar Steel and said the NCLAT order should not be given effect to as of now
  • The court said it would resolve issues arising from the Essar verdict expeditiously and fix an early date for hearing the case