The stock markets will remain closed on Monday on account of polling for the Maharashtra Assembly election
The stock markets will remain closed on Monday on account of polling for the Maharashtra Assembly election

Market Outlook: Brexit vote, earnings to guide markets ahead

  • The Indian markets may react to British Parliament's vote to delay a decision on new Brexit deal next week
  • Investors will await corporate results from Maruti Suzuki, SBI, ITC, Hero MotoCorp, Larsen & Toubro, Kotak Mahindra Bank, Bajaj Auto and HCL Technologies

Reliance Industries valuation zoomed  ₹39,876.44 crore to  ₹8,97,179.47 crore (Photo: Mint)
HDFC is the only corporate in the financial sector to offer content on its website in 6 Indian languages (Photo: Mint)
HDFC is the only corporate in the financial sector to offer content on its website in 6 Indian languages (Photo: Mint)

Now, HDFC website in Hindi, 5 other Indian languages to help home loan buyers

  • The HDFC says its website content is now also available in Hindi, Marathi, Tamil, Telugu, Malayalam and Kannada
  • The initiative aims to facilitate HDFC to promote the govt's flagship scheme PM Awas Yojana in tier-II, tier-III cities and smaller towns with a vast non-English speaking segment

Bidding for the national carrier will be carried out through a newly developed e-bidding system (Photo: Abhijit Bhatlekar/Mint)
Bidding for the national carrier will be carried out through a newly developed e-bidding system (Photo: Abhijit Bhatlekar/Mint)

Government likely to float bids for 100% stake sale in Air India next month

  • The government is planning to invite preliminary bids for 100% stake sale in Air India next month, and some entities have already expressed interest, the report said
  • Air India is sitting on a debt pile of around 58,000 crore, besides huge accumulated losses running into thousands of crores

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In the preceding month, FPIs had invested a net  ₹6,557.8 crore in the domestic capital markets (both equity and debt). (Photo: Reuters)
In the preceding month, FPIs had invested a net 6,557.8 crore in the domestic capital markets (both equity and debt). (Photo: Reuters)

FPIs pour in 5,072 crore into Indian capital markets in October so far

  • FPIs put in a net sum of 4,970 cr in equities and a net 102 cr in debt market during Oct 1-18, taking the cumulative net investment to 5,072 cr
  • Regarding the future course of FPI flows, market experts say, the momentum is expected to continue in the long term as India is a very attractive investment destination with sound fundamentals

The markets may react to British Parliament's vote to delay a decision on Boris Johnson's new Brexit deal next week
As per industry estimates, BS-VI compliant commercial vehicles are likely to be costlier by at least 10% than the existing BS-IV models. (Photo: Bloomberg)
As per industry estimates, BS-VI compliant commercial vehicles are likely to be costlier by at least 10% than the existing BS-IV models. (Photo: Bloomberg)

Mahindra expects commercial vehicles sale to bounce back next fiscal

  • As per SIAM data, in the Apr-Sept this fiscal, total domestic CV sales slumped by 22.95% to 3,75,480 units as against 4,87,319 units in the year-ago period
  • M&HCV segment declined by 35.79% in the same period at 1,22,521 units as compared to 1,90,801 units in the first half of last fiscal

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Jio is the only pure-4G network in India. (Photo: Reuters)

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Launched from Lucknow on October 4, Tejas is the first corporatised train of Indian Railways. (Photo: PTI)
Launched from Lucknow on October 4, Tejas is the first corporatised train of Indian Railways. (Photo: PTI)

In a first, Tejas to compensate passengers for delay

  • This will be the first time that passengers will be compensated for the delayed journey
  • The compensation is given when the train reaches its destination behind schedule

The SBI posted  ₹2,312 crore profit in the first quarter of FY20 as provisionings declined 11% year-on-year (Photo: Mint)
The SBI posted 2,312 crore profit in the first quarter of FY20 as provisionings declined 11% year-on-year (Photo: Mint)

SBI may post impressive Q2 earnings on steady performance

  • SBI Q2 earnings are set to revive amid uncertain macros on the back of steady operating performance at pre-provisioning operating level, recoveries from large NCLT resolutions and normalisation in credit cost
  • The reduction in the corporate tax rate from 30% to 22% should also support earnings

Finance Minister Nirmala Sitharaman. (Photo: ANI)
The US, while still expected to contribute a sizable portion to world growth, is projected to fall to third place, after India (Mint file)
The US, while still expected to contribute a sizable portion to world growth, is projected to fall to third place, after India (Mint file)

Twenty countries, including India, to dominate global growth in 2024

  • Weaker global growth, expected to fall to 3% this year and the slowest since the global financial crisis, will affect 90% of the world: IMF
  • The US, while still expected to contribute a sizable portion to world growth, is projected to fall to third place, after India

Chief Justice of India Justice Ranjan Gogoi and Justice SA Bobde in New Delhi.  (Photo: PTI)
Chief Justice of India Justice Ranjan Gogoi and Justice SA Bobde in New Delhi. (Photo: PTI)

Who is SA Bobde, the next Chief Justice of India?

  • SA Bobde will take over the highest office of the Indian judiciary as the 47th Chief Justice of the country, replacing Ranjan Gogoi
  • On 18 October, Gogoi wrote to the Ministry of Law and Justice recommending Bopde as his successor

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Britain's Prime Minister Boris Johnson. To get another referendum, parliament would have to approve new legislation and settle on a question for the public to answer. (Photo: Reuters)
Britain's Prime Minister Boris Johnson. To get another referendum, parliament would have to approve new legislation and settle on a question for the public to answer. (Photo: Reuters)

Brexit reversed: How could Britain end up with a second referendum?

  • A group of lawmakers in the main opposition Labour Party have put forward an amendment calling for approval of any deal to be put to a second referendum
  • But the government has repeatedly ruled out another popular vote saying that to ignore the first one could trigger a constitutional crisis

Kerala sends the highest number of nurses to the country. (Photo: Mint)
Kerala sends the highest number of nurses to the country. (Photo: Mint)

Indian nurses in UAE likely to lose jobs over new requirement

  • Over 200 Indian nurses have already lost their jobs, while several others have been demoted
  • UAE has made a bachelor's degree in nursing as the minimum educational qualification for registered nurses

Global finance leaders met against a backdrop of slowing growth in the world’s major economies and central banks grappling with limited room to support expansion (Photo: AP)
Global finance leaders met against a backdrop of slowing growth in the world’s major economies and central banks grappling with limited room to support expansion (Photo: AP)

Global finance chiefs pledge to use all tools to aid growth

  • We will employ all appropriate policy tools, individually and collectively, to mitigate risks, enhance resilience and shore up growth to benefit all, Global finance chiefs pledge
  • Earlier, IMF chief economist Gita Gopinath warned that 'there is no room for policy mistakes and an urgent need for policy makers to cooperatively de-escalate trade, geopolitical tensions

Finance minister Nirmala Sitharaman.
Finance minister Nirmala Sitharaman.

‘Economic slowdown is not so bad in India & China’: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has spoken about the key takeaways from the annual IMF and World Bank meetings. Sitharaman said that discussions were largely centred around the reasons behind the global slowdown. She also said that in India and China the slowdown is not as bad as in other parts of the world. She added that in the next year, global growth will largely be driven by growth in India and China. Sitharaman is in Washington to attend the annual meetings of the IMF and the World bank.

On October 22, several bank branches across India are likely to be shut due a strike called by unions. (Photo: Mint)
HRA helps you lower your income tax liability (Photo: Mint)
Gold prices on MCX ended at  ₹38,090 per 10 gram
The schemes in this list may not be the same as the ones that top the return league tables for the past year since these do not take into account parameters of risk and other features (Photo: iStock)
The schemes in this list may not be the same as the ones that top the return league tables for the past year since these do not take into account parameters of risk and other features (Photo: iStock)

Mint50: Hand-picked mutual funds to build your portfolio

Mint50, a curated basket of investment-worthy funds, is the result of an exhaustive exercise that blends in various parameters with the aim of getting you the best combination of risk and returns

Bank FD is considered the most preferred investment because it is considered safer as compared to investments in mutual funds. (Reuters)
The government introduced the EPF scheme in 1952 as a mandatory saving scheme.
Log in to SBI's official website 'www.onlinesbi.com'. (Reuters)
Sales of vehicles also remained in the red due to the Shraddh period during the month, considered inauspicious for big purchases in the northern and western states (Photo: Ramesh Pathania/Mint)
Sales of vehicles also remained in the red due to the Shraddh period during the month, considered inauspicious for big purchases in the northern and western states (Photo: Ramesh Pathania/Mint)

Retail sales of passenger vehicles see steepest fall on record in September

  • Sales of vehicles also remained in the red due to the Shraddh period, considered inauspicious for big purchases
  • Also, manufacturers did not push much inventory to the dealers expecting sales to remain tepid during the month

PPF Form H needs to be submitted before one year of the maturity of the account
The Supreme Court on Tuesday extended indefinitely its March 31 deadline for linking bank accounts and mobile phone numbers with Aadhaar. Photo: Pradeep Gaur/Mint
IRDAI's call to introduce the option of multiple premium payment options is a welcoming change (AP)
Income tax department data reveals that in the  ₹10-15 lakh salary bracket, there were more than 22 lakh taxpayers. (iStock)
The non-banking finance company came under investigations when the probe agency was examining three properties linked to Iqbal Mirchi (Photo: Mint)
The non-banking finance company came under investigations when the probe agency was examining three properties linked to Iqbal Mirchi (Photo: Mint)

ED raids DHFL premises on having exposure to firms linked to Iqbal Mirchi

  • The ED raids were in relation to a case money laundering in a land deal involving drug lord Iqbal Mirchi
  • DHFL is under scanner for giving loans to a real estate firm — Sunblink Real Estate. This real estate firm has links with Mirchi

Sadbhav Infrastructure went public in September 2015, selling its shares at  ₹103 apiece to investors in  ₹425 crore IPO. (Photo: Pradeep Gaur/Mint)
Sadbhav Infrastructure went public in September 2015, selling its shares at 103 apiece to investors in 425 crore IPO. (Photo: Pradeep Gaur/Mint)

Infrastructure focused Sadbhav to merge it's listed EPC and BOT businesses

  • Proposed merger aims to create a simplified corporate structure and better resource utilization of two group firms
  • Sadbhav Infra's m-cap stood at 1,556 crore as on Friday, while Sadbhav Engineering had an m-cap of 2,382 crore

Huge monetary benefits were conferred upon the REI Agro dishonestly and fraudulently, which resulted in inflicting a huge loss of  ₹1124.45 crore to the J&K Bank (Photo: Pradeep Gaur/Mint)
Huge monetary benefits were conferred upon the REI Agro dishonestly and fraudulently, which resulted in inflicting a huge loss of 1124.45 crore to the J&K Bank (Photo: Pradeep Gaur/Mint)

J&K Bank loan fraud: Anti-corruption bureau lodges FIR in 1,100 cr scam

  • ACB carried out extensive searches at the houses of over a dozen accused bank officials at 9 locations in Kashmir, 4 in Jammu and 3 in Delhi
  • The houses of REI Agro's chairman Sanjay Jhunjhunwala and vice president Sandeep Jhunjhunwala were also searched in Delhi

On the multiplicity of institutions, it is interesting that the IMF calls for greater competition in the banking sector.  (Photo: Bloomberg)
On the multiplicity of institutions, it is interesting that the IMF calls for greater competition in the banking sector. (Photo: Bloomberg)

IMF says corporate income tax cut will help revive investment in India

  • India should address continued fiscal consolidation and secure long-term stability of the fiscal conditions, said the IMF
  • Following a marked slowdown in the last two quarters in India, the economy is expected to grow at 6.1% this fiscal year, picking up to 7.0% in 2020, IMF added

Security personnel stand guard during restrictions, in Srinagar. (Photo: PTI)
Indian Finance Minister Nirmala Sitharaman in US
Indian Finance Minister Nirmala Sitharaman in US

India, US trade negotiations going in full speed, says Nirmala Sitharaman

  • There's a great intensity with which both India, US are engaging and hopefully the trade deal will be structured soon, said Sitharaman
  • The two sides agreed to continue the dialogue in the first week of November during US Treasury Secretary visit to New Delhi

Finance minister Nirmala Sitharaman (right) speaks with OECD secretary-general Jose Angel Gurria during the IMF-World Bank annual meeting in Washington (AFP)
Britain's Prime Minister Boris Johnson (Reuters file)
Britain's Prime Minister Boris Johnson (Reuters file)

British MPs vote to delay Brexit deal decision

  • Lawmakers backed an amendment which effectively forces the government to request an extension until January next year
  • I will not negotiate a delay with the EU and neither does the law compel me to do so: UK PM Boris Johnson

(Photo: iStock)
If he wins the vote, Johnson will go down in history as the leader who delivered a Brexit - for good or bad - that pulls the United Kingdom far out of the EU's orbit. (Photo: Reuters)
If he wins the vote, Johnson will go down in history as the leader who delivered a Brexit - for good or bad - that pulls the United Kingdom far out of the EU's orbit. (Photo: Reuters)

Brexit day of reckoning: Boris Johnson's deal faces wrecking amendment

  • Ex-Conservative lawmaker Letwin has proposed that the decision on whether to back a deal be deferred until all the legislation needed to implement it has been passed through parliament
  • If the amendment is approved by parliament, Johnson's deal would not then be put to a vote on Saturday.

Virat Kohli loves playing football and is a huge fan of Cristiano Ronaldo. (Photo: Getty Images)
Bharti Airtel, Vodafone Idea have been urging the government to provide financial relief through lowering of spectrum prices, licence fees and spectrum usage charges. Photo: Indranil Bhoumik/Mint (Photo: Indranil Bhoumik/Mint)
Bharti Airtel, Vodafone Idea have been urging the government to provide financial relief through lowering of spectrum prices, licence fees and spectrum usage charges. Photo: Indranil Bhoumik/Mint (Photo: Indranil Bhoumik/Mint)

DoT to discuss relief to telcos with Department of Financial Services

  • The telecom department is likely to discuss with the financial services department an industry proposal for a 2-year moratorium on payment of spectrum auction dues
  • Once the DFS starts the discussion, public sector banks (PSBs) would be on board to explore such a possibility

A few prominent craters (Sommerfield, Stebbins and Kirkwood) are seen in the image (Courtesy: Isro)
Sebi first issued the guidelines for REITs and InvITs in 2014, which were then revised in 2016 and 2017.
Security personnel divert traffic during restrictions, in Srinagar. (Photo: PTI)
Security personnel divert traffic during restrictions, in Srinagar. (Photo: PTI)

As Kashmir opens to tourists, strikes by JeM feared

  • Vigil comes in the wake of terrorists from JeM targeting civilian, post Centre’s decision to lift curbs in Kashmir
  • The tourist season has left alarm bells ringing amongst forces who fear that reprisals from terrorists

A passenger walks with his luggage at a bus terminal after transportation was disrupted following a shutdown strike by TSRTC and opposition political parties in Hyderabad. (Photo: AP)
A passenger walks with his luggage at a bus terminal after transportation was disrupted following a shutdown strike by TSRTC and opposition political parties in Hyderabad. (Photo: AP)

Two TSRTC employees die of heart attack, four deaths since 5 October

  • The unions will also conduct a meeting on Sunday afternoon to decide their future course of action
  • The deaths come two days after the Telangana High Court asked TSRTC-JAC leaders and state government to hold talks

Since then the FBI sleuths and their vast network of informers are trying hard to gather clues about Patel's whereabouts. The hunt for Patel is on in Gujarat, Maharashtra and Delhi. (Photo: Reuters)
Since then the FBI sleuths and their vast network of informers are trying hard to gather clues about Patel's whereabouts. The hunt for Patel is on in Gujarat, Maharashtra and Delhi. (Photo: Reuters)

Indian in FBI's top 10 most wanted list, biggest ever hunt launched

  • Bhadresh Kumar Patel, who hails from Viramgam in Ahmedabad, figures in the FBI's top 10 list of most wanted fugitives and carries an award of $100,000
  • FBI considers Patel as a cold-blooded murderer and an 'extremely dangerous' criminal who killed his young wife at a Dunkin' Donuts store in Hanover

Saif Ali Khan in a still from 'Laal Kaptaan' movie.
Special PMLA court judge P. Rajvaidya sent Rakesh Wadhawan, HDIL’s chairman and managing director, and his son to ED custody till 22 October. (Aniruddha Chowdhury/Mint)
Special PMLA court judge P. Rajvaidya sent Rakesh Wadhawan, HDIL’s chairman and managing director, and his son to ED custody till 22 October. (Aniruddha Chowdhury/Mint)

ED gets custody of Wadhawans till 22 October in PMC Bank case

  • Another depositor of the bank died after his family failed to arrange for funds to pay for a heart surgery
  • Rakesh and Sarang Wadhawan were sent to ED custody in connection with the 4,355 crore PMC scam

Qantas is modifying in-flight menus and lighting patterns and using its staff as guinea pigs in a test flight this weekend to examine how passengers will cope with such a long journey (Photo: Reuters)
Qantas is modifying in-flight menus and lighting patterns and using its staff as guinea pigs in a test flight this weekend to examine how passengers will cope with such a long journey (Photo: Reuters)

Opinion | World’s longest flights aren’t meant for cattle class

For all the hardship of spending a day cooped up with the body odors of a couple of hundred other humans, long-haul flying isn’t a particularly attractive business for airlines, either