RBI is concerned about the impact of the SC order on banks that have substantial exposure to banks (Photo: Mint)
Nikesh Arora, left, with Masayoshi Son at a SoftBank event in October 2015, when Arora was a senior SoftBank executive and the target of a mysterious campaign of allegations (Photo: Reuters)
Nikesh Arora, left, with Masayoshi Son at a SoftBank event in October 2015, when Arora was a senior SoftBank executive and the target of a mysterious campaign of allegations (Photo: Reuters)

No-holds-barred Rajeev Misra vs Nikesh Arora fight rocks SoftBank

  • Misra, head of the $100-bn Vision Fund, is said to have conducted a campaign to eject Arora by planting negative news stories, trying sexual blackmail
  • The scrutiny faced by Misra is reminiscent of Arora’s situation before he was forced to leave SoftBank

From The Wall Street Journal
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Based on the best science, or at least the most officially condoned, Bezos would have only the vaguest idea what he was getting for his money (Reuters) wsj

How Bezos can influence climate

4 min read . 26 Feb 2020
General Electric ended 2019 with about 205,000 global workers. Here, jet engines are seen at a GE assembly plant last year. (Reuters) wsj

GE shed about 78,000 workers in 2019

3 min read . 25 Feb 2020
Mr. Ghosn’s new life in Lebanon, he said between sips of espresso, is one of restrictions. Photo: Reuters wsj

Carlos Ghosn’s new life in exile

11 min read . 22 Feb 2020
Broadway.com’s ticket inventory includes comparable seats found through Ticketmaster and Telecharge wsj

The invisible king of Broadway

9 min read . 22 Feb 2020
The Nifty index has lost 6.41% from its record high of 12,430.50 on 20 January, while the VIX has gained 14.65% in the same period
The Nifty index has lost 6.41% from its record high of 12,430.50 on 20 January, while the VIX has gained 14.65% in the same period

Fear index up 52% this year as coronavirus spooks stocks

  • The India VIX has gained 58%, while the Nifty has lost over 4% in 2020 so far
  • Fears that the virus could hurt the economy far more than expected have kept investors on tenterhooks

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In view of sticky expenditures and slack tax collections, the FM invoked the ‘escape clause’ in FRBMA (Photo: ANI)
In view of sticky expenditures and slack tax collections, the FM invoked the ‘escape clause’ in FRBMA (Photo: ANI)

Government puts spending restrictions on ministries to contain fiscal slippage

  • The government has told ministries to limit expenditure in March to 10% of their budget allocations against 15% earlier
  • Ministries and departments have spent 21.1 trillion in the nine months ended 31 December, leaving 5.9 trillion available for spending during the three months to March

Gold rates today: On MCX, the price of the precious metal rose to  ₹42,668 per 10 gram
Passengers wearing masks are seen arrival at the Shanghai railway station in Shanghai, China, as the country is hit by an outbreak of a new coronavirus (Photo: Reuters)
Passengers wearing masks are seen arrival at the Shanghai railway station in Shanghai, China, as the country is hit by an outbreak of a new coronavirus (Photo: Reuters)

China reports rise in new coronavirus cases, warns of risk of rebound

  • The total number of confirmed cases on mainland China has now reached 78,497
  • Also, some coronavirus patients discharged from hospitals after recovery have been readmitted after testing positive again

US First Lady Melania Trump, background, cheers as a boy dances impromptu while sitting with other children in the lawn at Sarvodaya Co-Educational Senior Secondary School in New Delhi. (AP)
US First Lady Melania Trump, background, cheers as a boy dances impromptu while sitting with other children in the lawn at Sarvodaya Co-Educational Senior Secondary School in New Delhi. (AP)

'Balle balle': Anand Mahindra on kid who caught Melania Trump's attention

  • Anand Mahindra shared a delightful video of a little boy who broke the internet with his incredible dance moves
  • As the cameras caught Gaganjit dancing, Melania Trump could be seen laughing and clapping for him

Ritesh Agarwal-founded Oyo saw consolidated revenue jump to $951 million in FY19 (Photo: Bloomberg)

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Photo: Mint
GLC Coupe. (Photo: Mercedes Benz)
Shinzo Abe, Japan's prime minister, right, gestures to speak during a budget committee session at the lower house of parliament in Tokyo, Japan, on Wednesday (Photo: Bloomberg)
Shinzo Abe, Japan's prime minister, right, gestures to speak during a budget committee session at the lower house of parliament in Tokyo, Japan, on Wednesday (Photo: Bloomberg)

Tokyo's pro-baseball league to hold games without spectators until 15 March

Japan PM called for major sporting and cultural events to be called off, postponed or scaled down over the next two weeks, saying the move was crucial in preventing the domestic spread of the new coronavirus

Termed as ‘Restaurant on Wheels’ it can be accessed by both railway passengers and general public.
According to the quarterly survey, the Business Confidence Index (BCI) rose by 7.8% from the preceding quarter to 111.2 (Photo: Aniruddh Chowdhury/Mint)
According to the quarterly survey, the Business Confidence Index (BCI) rose by 7.8% from the preceding quarter to 111.2 (Photo: Aniruddh Chowdhury/Mint)

Business Confidence Index rose by 7.8% in Nov-Jan

  • RBI gave exemption to help boost credit flow to productive sectors that lead to growth impulses
  • Move comes amid a fall in credit growth to 7.14% in fortnight ended 17 Jan against 7.51% in earlier period

However, the stock prices in these negatives and risk-reward is favourable, according to analysts.
The Korean auto major also expects that the second half of 2020 will be far better. (AP)
The Korean auto major also expects that the second half of 2020 will be far better. (AP)

Hyundai to pass BS-VI upgrading cost to consumers in phases

  • The Korean auto major also expects that the second half of 2020 will be far better
  • Jain said to counter the degrowth, the company will bring in new launches and upgrades

Fears of a pandemic had knocked off more than 3% on Monday and erasing the S&P 500 and the Dow's gains for the year-to-date (Photo: Reuters)
Fears of a pandemic had knocked off more than 3% on Monday and erasing the S&P 500 and the Dow's gains for the year-to-date (Photo: Reuters)

Dow falls 3% as US stocks sell-off deepens on coronavirus fears

  • All S&P sectors in the red, energy falls most
  • US stocks started the session with an attempt to rebound, but were quickly rebuffed as investors noted it had spread to new countries including Spain and Romania

The real impact will be known perhaps in Q1 FY21. (HT)
Vodafone Idea’s future will have a large bearing on Indus and hence merger terms could be revised. ( Indranil Bhoumik/Mint)
US President Donald Trump and First Lady Melania Trump.
Harvey Weinstein, former co-chairman of the Weinstein Co., center, arrives with his attorney Donna Rotunno, left, at state supreme court in New York. (Bloomberg)
Harvey Weinstein, former co-chairman of the Weinstein Co., center, arrives with his attorney Donna Rotunno, left, at state supreme court in New York. (Bloomberg)

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

The logo of SoftBank Group Corp. (Photo: Reuters)
Paramilitary soldier fires tear gas shell as they try to stop demonstrators of the two groups which pelted stones, at Maujpur in Delhi on Monday. (ANI)
In medical devices, the issue has been primarily focused on the price control of stents and knee implants, which have been under price caps since 2017. (Istockphoto)
In medical devices, the issue has been primarily focused on the price control of stents and knee implants, which have been under price caps since 2017. (Istockphoto)

No prescription yet to cure health problems

US-based healthcare firms have for long raised concerns about section 3(D) of the Indian Patents Act

A Muslim drives past paramilitary force soldiers patrolling in Ayodhya on Sunday. (AP)
A Muslim drives past paramilitary force soldiers patrolling in Ayodhya on Sunday. (AP)

Sunni Board to build mosque, hospital on five-acre site

  • The Board also decided to form a trust to oversee the construction of the mosque
  • The appointment of members to the trust will be announced following its creation, the release added

Photo: AFP
The lottery industry had sought a uniform tax rate on lotteries following which a group of ministers were set up to suggest the GST rate. (Alamy)
The lottery industry had sought a uniform tax rate on lotteries following which a group of ministers were set up to suggest the GST rate. (Alamy)

Lotteries to attract uniform 28% GST rate from March 1

  • The lottery industry had sought a uniform tax rate on lotteries following which a group of ministers were set up to suggest the GST rate
  • Currently, lotteries run by the state-owned agencies levy 12% GST, while a state-authorised lottery attracts 28% tax.

Photo: Bloomberg
MG has faced robust demand for its Hector SUV which went on sale in June 2019. Kia, on the other hand, also had a strong response to its maiden product, the Seltos SUV, since its launch in August 2019. (Ramesh Pathania/Mint)
MG has faced robust demand for its Hector SUV which went on sale in June 2019. Kia, on the other hand, also had a strong response to its maiden product, the Seltos SUV, since its launch in August 2019. (Ramesh Pathania/Mint)

MG Motor, Kia Motor tap growing demand for UVs to expand

  • Firms intensify focus on growing utility vehicle segment to consolidate their presence
  • MG Motor showcased its Gloster sport-utility vehicle at the recent Auto Expo 2020

A bus transports British passengers after they left the coronavirus-hit cruise ship Diamond Princess at the Daikoku Pier Cruise Terminal in Yokohama, south of Tokyo, Japan.  (REUTERS)
A bus transports British passengers after they left the coronavirus-hit cruise ship Diamond Princess at the Daikoku Pier Cruise Terminal in Yokohama, south of Tokyo, Japan. (REUTERS)

Third death from Japan cruise ship as new cases raise quarantine doubts

  • Japan has been criticised in the face of mounting evidence that the quarantine imposed on the Diamond Princess did little to stop the virus spreading
  • Still left on the ship are some travellers waiting for charter flights home and roughly 1,000 crew

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Sonbhadra district mining officer K K Rai had said on Friday that the gold deposits were found in Son Pahadi and Hardi areas of the district.
Sonbhadra district mining officer K K Rai had said on Friday that the gold deposits were found in Son Pahadi and Hardi areas of the district.

No discovery of around 3000-tonne gold deposits in UP's Sonbhadra: GSI

  • 'GSI has not estimated such kind of vast resource of gold deposits in Sonbhadra district,' GSI Director General (DG) M Sridhar said
  • The exploration works of the GSI for gold was not satisfactory

He said Indians weighing 65-70 kg use an entire 1,500 kg car to travel individually, hinting at the wastage of resources that go into making the big car move. (Mint)
He said Indians weighing 65-70 kg use an entire 1,500 kg car to travel individually, hinting at the wastage of resources that go into making the big car move. (Mint)

Indians use too big car to move single person: M&M MD Pawan Goenka

  • Goenka also conceded that the automobile industry does add to pollution, and pitched for adopting all the means to reduce it
  • He said Indians weighing 65-70 kg use an entire 1,500 kg car to travel individually, hinting at the wastage of resources that go into making the big car move

The Supreme Court's recent judgement on the AGR calculation had created uncertainties in the telecom sector
The Supreme Court's recent judgement on the AGR calculation had created uncertainties in the telecom sector

BSNL employees plan hunger strike on Monday

  • The strike is also aimed at putting pressure for the expeditious settlement of employees' grievances, according to an AUAB statement here on Saturday
  • Last year the cabinet approved a 69,000 crore revival package for both BSNL and MTNL

File photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, (AP)
File photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, (AP)

Berkshire Hathaway 100% ready for my departure: Warren Buffett

  • Buffett, one of the world's richest men, did not go into detail or name a successor
  • Buffett is known for his track record of brilliant investing but also for his folksy and humble persona, as well as his philanthropy

People wearing masks wait for a signal in Daegu, South Korea. Coronavirus infections in the country have doubled in 24 hours. (Reuters)
People wearing masks wait for a signal in Daegu, South Korea. Coronavirus infections in the country have doubled in 24 hours. (Reuters)

Coronavirus enters worrying new phase as cases outside China rise

  • Investors are wary of the impact of a wider regional outbreak on global growth and corporate earnings
  • The epidemic that emerged in early December has yet to become a pandemic, which is defined as a situation where the virus is spreading across multiple continents

Specialist Anthony Matesic, center, works with traders at his post on the floor of the New York Stock Exchange,  (AP)
Specialist Anthony Matesic, center, works with traders at his post on the floor of the New York Stock Exchange, (AP)

US markets: Stocks fall, bond prices rise as investors seek safe ground

  • The losses had the benchmark S&P 500 index on track for its first weekly loss after two weeks of gains
  • Traders remain anxious over the economic fallout from the virus outbreak that began in China, which continues to spread

Graine borrowed inspiration from the silver foil on Indian mithais and translated it into zardozi handwork on discarded rubber-tyre embellishments
Graine borrowed inspiration from the silver foil on Indian mithais and translated it into zardozi handwork on discarded rubber-tyre embellishments

Takeaways from Lakmé Fashion Week Summer-Resort 2020

The event’s 20th anniversary included new takes on traditional crafting techniques, a debate on inclusive formats and a Gen Next show that could have been better

According to the International Air Transport Association (IATA), India is set to become the third largest aviation market by 2025, after the US and China. (Ramesh Pathania/Mint)
According to the International Air Transport Association (IATA), India is set to become the third largest aviation market by 2025, after the US and China. (Ramesh Pathania/Mint)

Indian airports now turn hot destinations for foreign investors

  • ADP’s acquisition of a GMR stake makes it the second global airport operator to enter India in last three months
  • Groupe ADP will buy 24.99% of GMR in the coming days, and will acquire an additional 24.01% stake later

Photo: Reuters
Twitter has recently introduced a new 'Continue thread' feature (Reuters)
Former New York mayor Bloomberg and Massachusetts Senator Elizabeth Warren during a Democratic primary debate of the 2020 US presidential campaign season. (AFP)
Former New York mayor Bloomberg and Massachusetts Senator Elizabeth Warren during a Democratic primary debate of the 2020 US presidential campaign season. (AFP)

Michael Bloomberg gets bashed at Democratic debate

Rivals savaged him for coming in late and throwing huge amounts of money at the race

Rajasthan Chief Minister Ashok Gehlot. (ANI )
Sachin Haritash, founder and CEO of Mavyn.
Sachin Haritash, founder and CEO of Mavyn.

After-hours with the boss

Sachin Haritash, founder and CEO of Mavyn, spends much of his spare time reading about global politics to keep himself updated

A file photo of Sanjeev Sanyal, principal economic adviser at Finance Ministry (Photo: Mint)
Policies that restrict access to global digital technology can hurt firm-level innovation, suggests new research.  (Photo: iStock)
Policies that restrict access to global digital technology can hurt firm-level innovation, suggests new research. (Photo: iStock)

Restrictive data policies can hamper innovation

Among the East Asian countries, China was the most restrictive in terms of data policies, followed by Vietnam. Hong Kong and Japan were the least restrictive

Twelve more stations are likely to be added within the next 2-3 months wherein around 500 more e-rickshaws will be put into service. (Photo: Bloomberg)
Twelve more stations are likely to be added within the next 2-3 months wherein around 500 more e-rickshaws will be put into service. (Photo: Bloomberg)

Delhi Metro launches 250 e-rickshaws at 12 stations to boost connectivity

  • With this, the total tally of stations where such facilities are available rises to 29, with an operational fleet of over 1,000 e-rickshaws
  • These e-rickshaws will be plying from 12 stations — Qutab Minar, Ghittorni, Arjangarh, Nawada, Shadipur, Patel Nagar, Nangloi, Nangloi Railway Station, Govindpuri, Harkesh Nagar Okhla, Moolchand and Botanical Garden.

The CBI court granted bail to Sindhushree Khullar, Pradeep Kumar Bagga, Prabodh Saxena, Ajeet Kumar, Rabindra Prasad and Anup K Pujari. Photo: Mint
Photo: PTI
Photo: Mint
Male, Maldives
In case, two or more resolution plans receive equal number of votes, the creditors might be asked to vote for one of them (Photo: iStock)
In case, two or more resolution plans receive equal number of votes, the creditors might be asked to vote for one of them (Photo: iStock)

IBBI proposes simultaneous CoC voting on two or more resolution plans

  • The Insolvency and Bankruptcy Code (IBC) aims at time-bound and market-linked resolution of stressed entities
  • IBBI implements the Code and the Committee of Creditors (CoC) of a company has a key role in the resolution process

Photo: Hindustan Times
This undated photo made available by SpaceX in February 2020 shows the Crew Dragon spacecraft undergoing acoustic testing in Florida. (AP)
This undated photo made available by SpaceX in February 2020 shows the Crew Dragon spacecraft undergoing acoustic testing in Florida. (AP)

SpaceX aims to launch up to 4 tourists into super high orbit

  • Space Adventures already has helped put tourists into orbit with trips to the International Space Station, working with the Russian space program
  • Elon Musk's California-based SpaceX already is dabbling in space tourism, signing on a Japanese billionaire to fly to the moon in three or so years

Photo: Mint
SEBI chief Ajay Tyagi. (ANI)
Chinese President Xi Jinping donned a face mask and had his temperature checked. (Photo: Xinhua)
Chinese President Xi Jinping donned a face mask and had his temperature checked. (Photo: Xinhua)

China's Xi Jinping recounts early role in coronavirus battle

In the speech, Xi Jinping admitted there were 'shortcomings' in China's emergency response systems and said local officials would be punished if they failed to 'take responsibility' or implement directives

Chief of defence staff (CDS) General Bipin Rawat. (PTI)
Finance minister Nirmala Sitharaman  (Photo: Pradeep Gaur/Mint)
Finance minister Nirmala Sitharaman (Photo: Pradeep Gaur/Mint)

Nirmala Sitharaman says fiscal deficit figures absolutely realistic

On inflation management, Nirmala Sitharaman said except for the seasonal perishable commodities which make up for significant size in the basket, prices of most goods and also particularly food products have been kept well within the acceptable norms

The country’s largest airline IndiGo reported a decline in capacity utilization from 90.1% in December to 87.8% in January
The country’s largest airline IndiGo reported a decline in capacity utilization from 90.1% in December to 87.8% in January

Air travel volume shows muted growth in January

  • Domestic airlines carried 12.78 million passengers in January 2020 against 12.5 million in the same month a year ago
  • The DGCA report said that barring Vistara, all domestic airlines reported a decline in capacity utilization in January compared to December

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