Prime Minister Narendra Modi and President Donald Trump shake hands after introductions during the
Prime Minister Narendra Modi and President Donald Trump shake hands after introductions during the "Howdi Modi" event Sunday, Sept. 22, 2019, at NRG Stadium in Houston. Photo: AP

Narendra Modi wows America, Donald Trump wows India

  • US President Donald Trump says border security is vital to India and its people, just as it is to the US
  • This was Modi’s third event with the Indian diaspora in the US —the previous ones were in 2014 and 2015

The big boost to shareholder value is unmistakable and the equity market showed its appreciation by surging the most in a single day in over a decade. (iStock)
The big boost to shareholder value is unmistakable and the equity market showed its appreciation by surging the most in a single day in over a decade. (iStock)

Lower corporate tax may not be enough to jump-start economy

  • Besides a tax cut, the government needs a boost through policy rate cuts and may also need to raise its spending
  • The austerity among Indians has come partly due to wage stagnation even as cost of living went up

Mint SecureNow Mediclaim Ratings 2019

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A rush of new manufacturing companies linked to the EV sector will bolster the Modi government’s efforts to grow EV sales by making them more affordable and also cut crude oil imports. (Pradeep Gaur/Mint )
A rush of new manufacturing companies linked to the EV sector will bolster the Modi government’s efforts to grow EV sales by making them more affordable and also cut crude oil imports. (Pradeep Gaur/Mint )

Tax incentive for new firms could spark ‘make in India’ for EV parts

  • The govt’s steps are likely to boost local production of Li-ion batteries, charging equipment and other parts
  • The FM said new manufacturing companies set up on or after 1 October will pay income tax at the rate of 15%

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Finance minister Nirmala Sitharaman(Photo: Pradeep Gaur/Mint)
This year we rated 24 insurance companies and 112 policies across three broad categories of price, features and claims. (Photo: iStock)
This year we rated 24 insurance companies and 112 policies across three broad categories of price, features and claims. (Photo: iStock)

Choose from India’s best health policies

  • Don’t stop at top-rated plans; find one that caters to your needs
  • The ratings should not only help you choose a plan well but also help you develop an understanding about what to look for in health insurance

MAT is the minimum tax to be paid by companies that keep their taxable profit low by using tax breaks. (Bloomberg)
MAT is the minimum tax to be paid by companies that keep their taxable profit low by using tax breaks. (Bloomberg)

MAT breather to give a leg-up to bankruptcy resolution and M&As

  • Analysts say the MAT exemption will lead to better realization of the asset sale
  • The Taxation Laws (Amendment) Ordinance exempts companies opting for the lower corporate tax rate of 22% and new manufacturing firms eligible for 15% tax rate from payment of MAT

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The fiscal deficit can be even higher than 4% if GDP in nominal terms does not grow by 12% as the budget expects it to.  (Photo: Aniruddha Chowdhury/Mint)
The fiscal deficit can be even higher than 4% if GDP in nominal terms does not grow by 12% as the budget expects it to. (Photo: Aniruddha Chowdhury/Mint)

After Sitharaman’s tax bonanza come the big challenges

  • The fiscal deficit can be even higher than 4% if GDP does not grow by 12% as the budget expects it to
  • One option for the government is to push through genuine disinvestment by selling PSEs to private firms

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Our product criteria focus has remained the time that pre-existing diseases are excluded and the restrictions on room type. (Photo: iStock)
The TOT model is part of the Centre’s efforts to monetize public infrastructure and build new assets.
With one of the focus areas being hydropower, the strategy will help establish first-user rights to the waters of the Brahmaputra, thus helping fast-track projects in the North-East. Mint
Axis Bank’s fundraise is India’s second-largest qualified institutional placement, after SBI’s  ₹15,000 crore QIP in 2017. (Aniruddha Chowdhury/Mint)
Sahil Kini (left) co-founder and CEO of Setu with co founder and chief evangelist Nikhil Kumar. (Gopal Krishan/Mint)
Sahil Kini (left) co-founder and CEO of Setu with co founder and chief evangelist Nikhil Kumar. (Gopal Krishan/Mint)

Connecting dots to automate digital payments

  • Sahil Kini and Nikhil Kumar, who earlier worked on Aadhaar and UPI, are rolling out the first of their financial products
  • Setu’s Collect serves as the link between payment apps and the service a customer is paying for

Plain Facts
Maharashtra chief minister Devendra Fadnavis with Shiv Sena president Uddhav Thackeray. ht
Maharashtra chief minister Devendra Fadnavis with Shiv Sena president Uddhav Thackeray. ht

BJP, Shiv Sena look to iron out differences over seats in Maharashtra

  • Shiv Sena leaders have maintained that they will not settle for anything less than 135 seats out of the total 288
  • Several senior BJP leaders in Maharashtra believe that since BJP already has 122 members of legislative assembly because the party had contested a majority number of seats alone in the previous assembly elections in 2014

US President Donald Trump and India's Prime Minister Narendra Modi participate in the 'Howdy Modi' event in Houston (Reuters)
A liquefied natural gas (LNG) cylindrical storage tank. (Bloomberg)
A liquefied natural gas (LNG) cylindrical storage tank. (Bloomberg)

Big Oil’s future may rest on climate debate over natural gas

On Monday, CEOs of the world’s largest oil companies are expected to speak at an event organized by the Oil and Gas Climate Initiative where they’ll likely defend the idea that gas is integral to a low-carbon future

India has set its own trajectory towards open banking, first with Aadhaar enabling eKYC, and then the launch of unified payments interface (UPI). (Priyanka Parashar/Mint)
India has set its own trajectory towards open banking, first with Aadhaar enabling eKYC, and then the launch of unified payments interface (UPI). (Priyanka Parashar/Mint)

The bits of code pushing the next leap in online transactions

  • Payments serve as a good entry point for digital transactions, but the real game-changer for financial inclusion is mobile access to banks, loans and deposits
  • The main challenge is in reaching rural areas where merchants prefer cash, and digital access is poor

Defence Minister Rajnath Singh. (ANI )
A file photo. After three decades of developing its own fighter, India put out a tender for 126 warplanes, which morphed into an order for 36 Rafale aircraft from Dassault Aviation SA that will start arriving in 2019. Photo: AP
A file photo. After three decades of developing its own fighter, India put out a tender for 126 warplanes, which morphed into an order for 36 Rafale aircraft from Dassault Aviation SA that will start arriving in 2019. Photo: AP

Government likely to order 36 more Rafale fighter jets

  • The purchase of another 36 Rafale fighter jets will take the fleet to 72
  • The Indian Air Force has recently been handed over its first Rafale aircraft from France

One of the areas of contention has been the mapping of these colonies, which seems to be now getting sorted out
One of the areas of contention has been the mapping of these colonies, which seems to be now getting sorted out

Pre-poll bonanza for Delhi's unauthorised colonies in the offing: Report

  • The report said the draft Cabinet note prepared by the Urban Development Ministry was sent to the Delhi government and it has sent its comments
  • With a cut-off date of 1 January 2015, the Centre and Delhi government have come up with a list of 1,797 colonies

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A 2018 photograph of tourists at the Serdica excavations in Sofia. (Photo: Alamy)

What lies beneath Sofia

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Rana Begum (Photo: Mohammed Chiba, courtesy Jhaveri Contemporary)

Rana Begum’s language of colours

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Dantzig wants people to think about their reading habits.  (Photo: Getty Images)

Reader’s handbook

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A general view of the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia. (REUTERS)
A general view of the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia. (REUTERS)

We are committed to meet India's energy security needs: Saudi Arabia

  • A series of drone and missile attacks on oil facilities of Saudi Aramco, the country's national petroleum company, on September 14 knocked out half of its daily oil production
  • Saudi Ambassador Dr. Saud bin Mohammed Al Sati said his country will invite the United Nations and international experts to view the situation

Prime Minister Narendra Modi
Prime Minister Narendra Modi

Tax cut gives PM Modi perfect pitch to win US investments

  • The corporate tax cut on Friday, will strengthens PM Modi's pitch to US CEO's about the ease of doing business in India
  • The corporate tax cut to rival some of the lowest in Asia, helping India compete with the likes of Vietnam, Indonesia to attract investments

Houston: Prime Minister Narendra Modi and President Donald Trump shake hands after introductions during the
Prime Minister Narendra Modi addresses the Howdy Modi event, at NRG Stadium in Houston.  (ANI )
Prime Minister Narendra Modi addresses the Howdy Modi event, at NRG Stadium in Houston. (ANI )

PM Narendra Modi slams Pakistan over terror

  • PM Modi pointed out that the move to scrap the provision was debated in the upper and lower houses of parliament for hours and the debates involved were telecast live
  • The significance of Modi’s message to Pak, given in public and with Trump in the audience, could not have been lost on the audience

Prime Minister Narendra Modi was presented the key to Houston city upon his arrival at the 'Howdy Modi! event.  (ANI)
Prime Minister Narendra Modi was presented the key to Houston city upon his arrival at the 'Howdy Modi! event. (ANI)

‘Howdy, Modi!’ event: India has given farewell to Article 370, says PM Modi

  • PM Modi hit out at Pakistan for its support to terrorism and said India's decision to nullify Article 370 has caused trouble to those who cannot handle their country
  • PM Modi said he met Trump a few times and every time he has been warm, friendly, accessibly, energetic and full of wit

The new Tejas Express will only have a single stop i.e. in Kanpur.
The new Tejas Express will only have a single stop i.e. in Kanpur.

Over 2,000 bookings in IRCTCs Tejas Express in first two days

  • Most bookings are between October 23 and October 26, just ahead of Diwali.
  • The bookings for the Tejas trains - number 82501 from Lucknow to Delhi and 82502 from Delhi to Lucknow -- began on Saturday

President Donald Trump stands on stage with Indian Prime Minister Narendra Modi at NRG Stadium, Sunday, Sept. 22, 2019, in Houston, during a 'Howdy Modi: Shared Dreams, Bright Futures' event. (AP)
President Donald Trump stands on stage with Indian Prime Minister Narendra Modi at NRG Stadium, Sunday, Sept. 22, 2019, in Houston, during a 'Howdy Modi: Shared Dreams, Bright Futures' event. (AP)

Howdy Modi: Modi has Trump’s hands on his shoulder as anthems play

  • ‘Shared Dreams, Bright Futures,’ has been organized by Texas India Forum
  • Modi welcomed 'a very special person whose name is familiar to every person on the planet'

PM Narendra Modi being received by Indian ambassador to the US Harsh Vardhan Shringla and US Ambassador to India Kenneth Juster, on his arrival in Houston, Texas (Photo: PTI)
PM Narendra Modi being received by Indian ambassador to the US Harsh Vardhan Shringla and US Ambassador to India Kenneth Juster, on his arrival in Houston, Texas (Photo: PTI)

Harsh Vardhan Shringla - the man behind Howdy Modi and many more things

  • Harsh Vardhan Shringla, a career diplomat, has been variously described by peers, juniors, and seniors as 'no nonsense' and 'sharp'
  • In New York, Shringla has set up a 2nd meeting between Trump and Modi in 3 days – this time a bilateral meeting on the sidelines of the UNGA scheduled for 24 Sept

The Centre will have 16 officials and will be headed by a Principal Chief Commissioner of Income-tax (PCCIT) as its chief. (iStock)
The Centre will have 16 officials and will be headed by a Principal Chief Commissioner of Income-tax (PCCIT) as its chief. (iStock)

National centre for I-T e-assessment to be based in Delhi; CBDT issues order

  • The CBDT, that frames policy for the Income-tax department, has issued an order for the creation of the Centre
  • Nirmala Sitharaman has said the e-assessment scheme will be rolled out from 8 October-- when 'Vijayadashami' will be celebrated

India Prime Minister Narendra Modi and President Donald Trump on stage during introductions at the 'Howdy Modi' event (AP)
Minister of Environment, Forest and Climate Change Prakash Javadekar (Photo: ANI)
Minister of Environment, Forest and Climate Change Prakash Javadekar (Photo: ANI)

India will grow 'sustainably', says Prakash Javadekar

  • The Climate Action Summit, hosted by UN Secretary General Antonio Guterres, aims to boost action to implement the 2016 Paris Agreement
  • Javadekar said energy intensity in the country has been brought down and that the results were for all to see

Small finance banks with a net worth of over  ₹500 crore were mandated by RBI to list within three years of launching operations and that deadline is approaching for many of the 10 SFBs that won approvals in Sep 2015. (Photo: Mint)
Small finance banks with a net worth of over 500 crore were mandated by RBI to list within three years of launching operations and that deadline is approaching for many of the 10 SFBs that won approvals in Sep 2015. (Photo: Mint)

Five small finance banks line up 4,000 cr initial public offerings

  • Fincare, ESAF and Utkarsh among those looking to list as an RBI deadline for public listing draws closer
  • Small finance banks looking to go public could face key challenges, given the ownership structure

Prime Minister Narendra Modi addresses the Howdy Modi event, at NRG Stadium in Houston on Sunday.  (Photo: ANI)
Prime Minister Narendra Modi addresses the Howdy Modi event, at NRG Stadium in Houston on Sunday. (Photo: ANI)

At Howdy Modi, PM says ‘all is well’ in multiple languages, ends Hindi debate

  • The crowd went into raptures as Modi talked about diluting Article 370 and in a reference to Pakistan, said it was time to unite against terrorism and those behind it
  • Bonhomie was all on display at the stadium as US President Donald Trump and Modi showered praise on each other

Karnataka chief minister B.S. Yediyurappa. (HT)
The study was led by Dr Clare Manderson from the Bioresource Processing Institute of Australia (BioPRIA)
The study was led by Dr Clare Manderson from the Bioresource Processing Institute of Australia (BioPRIA)

Researchers discover world's first blood incubator

  • The detection of immunoglobulin G (IgG) antibodies requires incubation at 37°C, often for up to 15 minutes
  • This breakthrough has the potential to improve the pre-transfusion testing of millions of patients undergoing blood transfusions across the world

Jet Airways founder Naresh Goyal (Reuters )
PM Modi will be joining other global leaders at the Climate Action Summit in the backdrop of US withdrawal from the Paris climate deal
The number of employees in BSNL stands at 1,65,179 (Mint )
The number of employees in BSNL stands at 1,65,179 (Mint )

BSNL pays August salaries to staff: CMD

  • BSNL's loss is estimated to be around 14,000 crore with a decline in revenue to 19,308 crore during 2018-19
  • The number of employees in BSNL stands at 1,65,179

Photo: AP
PM Modi with CEOs from energy sector in Houston
India buys around 2,00,000 tonnes of LPG every month from Saudi Arabia
India buys around 2,00,000 tonnes of LPG every month from Saudi Arabia

Petrol price jumps 1.59/ltr, diesel 1.31/ltr after Saudi attacks

  • Oil prices have cooled since the spike on September 16 but remain on the edge
  • This is the sixth straight daily increase and has taken the cumulative price hike since September 17 to 1.59 per litre in case of petrol and 1.31 for diesel

The centre has a buffer stock of 56,000 tonnes of onion, of which 16,000 tonnes has been offloaded so far. In Delhi, 200 tonnes a day is being offloaded. (Reuters)
The centre has a buffer stock of 56,000 tonnes of onion, of which 16,000 tonnes has been offloaded so far. In Delhi, 200 tonnes a day is being offloaded. (Reuters)

Onion prices surge to 70-80/kg; Centre mulls imposing stock limits

  • According to the data maintained by the consumer affairs ministry, retail onion prices rose to 57/kg in Delhi and 56/kg in Mumbai
  • Traders said there is enough supply of stored onion of the previous year's crop but its transportation has been affected because of heavy rains

Mausoleums and tombstones in Kolkata’s South Park Street Cemetery (Photo: Alamy)
A file photo of TDP chief N. Chandrababu
The total sales value of this 8 lakh sq ft office building has touched  ₹1,350 crore (Photo: Ramesh Pathania/Mint)
The total sales value of this 8 lakh sq ft office building has touched 1,350 crore (Photo: Ramesh Pathania/Mint)

Lodha group to sell 7 lakh sq ft office space in Mumbai to Singapore firm

  • The deal is likely to be concluded by the end of the next month, sources said
  • The company had earlier sold four floors in this building in Wadala, Mumbai, to Tata group firm Trent Tesco for around 250 crore

A 2018 photograph of tourists at the Serdica excavations in Sofia. (Photo: Alamy)
A 2018 photograph of tourists at the Serdica excavations in Sofia. (Photo: Alamy)

What lies beneath Sofia

  • Bulgaria’s capital and its second largest city Plovdiv brim with subterranean wonders
  • Visit Roman ruins inside a modern metro station, eerie catacombs and an ancient amphitheatre that still hosts performances

Dr K Sivan, Chairman ISRO
Prime Minister Narendra with representatives of Kashmiri Pandits
Gajendra Singh Shekhawat Union minister for Jal Shakti (Photo: Pradeep Gaur/Mint)
Gajendra Singh Shekhawat Union minister for Jal Shakti (Photo: Pradeep Gaur/Mint)

'We want to turn conservation of water into a mass movement'

  • Drinking water has been made available in 35 million of a total 180 million households across India in the last 70 years
  • The Union government periodically studies more than 6,000 blocks, out of which 1,592 are water stressed

Fifa wants Iran to end its ban on women entering stadiums that breaches international soccer statutes prohibiting discrimination (Photo: Reuters)
Fifa wants Iran to end its ban on women entering stadiums that breaches international soccer statutes prohibiting discrimination (Photo: Reuters)

Women can attend qualifiers, Iran assures Fifa

  • Iran has barred female spectators from stadiums since 1981
  • Fifa had demanded Iran allow women free unlimited access to stadiums following the ‘Blue girl’ incident where a woman killed herself after being arrested trying to access a stadium

PM Narendra Modi in a group photograph with the Indian community in Houston, Texas (Photo: PTI)
Altico is backed by Clearwater Capital Partners and Abu Dhabi Investment Council
Altico is backed by Clearwater Capital Partners and Abu Dhabi Investment Council

Altico says evaluating options after default

  • NBFCs and HFCs have been stung by liquidity crisis after the collapse of behemoth IL& FS late last year
  • Altico said it needed time from stakeholders to craft a plan that might 'maximize asset value' and called on all stakeholders to 'refrain from actions that exacerbate the liquidity problem'

India Prime Minister Narendra Modi speaks during the
India Prime Minister Narendra Modi speaks during the "Howdi Modi" event Sunday, September 22, 2019, at NRG Stadium in Houston. (Photo: AP)

PM disses Pakistan in Trump’s presence, says same culprit behind 9/11, 26/11

  • The crowd went into raptures as Modi talked about diluting Article 370 and in a reference to Pakistan, said it was time to unite against terrorism and those behind it
  • Modi said masterminds behind the 9/11 terror attack in the US in 2001 and 26/11 Mumbai attack in 2008 were all found in one country

The company had earlier said that USFDA issued seven observations after conducting a routine 'CGMP inspection'.
The company had earlier said that USFDA issued seven observations after conducting a routine 'CGMP inspection'.

Cipla announces closure of USFDA inspection at Bengaluru facility

  • The company had earlier said that USFDA issued seven observations after conducting a routine 'CGMP inspection'
  • Cipla announced the closure of inspection by the US health regulator at the company's API manufacturing facility in Bengaluru

Altico Capital India chief operating officer Sanjeev Agrawal.