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Investors outside the Bombay Stock Exchange. Valuations are uncomfortably high; stocks have never been so expensive except maybe during the Harshad Mehta fuelled bull run in the early 1990s. (Photo: Bloomberg)
Investors outside the Bombay Stock Exchange. Valuations are uncomfortably high; stocks have never been so expensive except maybe during the Harshad Mehta fuelled bull run in the early 1990s. (Photo: Bloomberg)

The fear of flying at Mount 50K

  • Flush with liquidity, the stock markets are at a dreamlike high. But the worries are also mounting
  • Many feel the gains have come too fast. With scores of new investors entering the bull market late, and with the cream of the rally behind, further gains are not going to be easy

Any debt investment is exposed to various risks, prominent ones being credit risk and interest rate risk. Photo: iStock
Any debt investment is exposed to various risks, prominent ones being credit risk and interest rate risk. Photo: iStock

Stocks to Watch: Bajaj Finance, Reliance, Bajaj Auto, Axis Bank, Laurus Labs

  • Bajaj Auto and Asian Paints are the Nifty companies that will report their earnings on Thursday. Other companies which will also announce their results today include Bandhan Bank, SBI Cards & Payment Services, Biocon, JK Tyre, JSPL and Westlife Development

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On December 21, Amazon Inc had also filed a plea before the Delhi High Court, seeking a stay on the Future-Reliance deal. (Mint)
On December 21, Amazon Inc had also filed a plea before the Delhi High Court, seeking a stay on the Future-Reliance deal. (Mint)

Sebi grants approval to RIL-Future Group deal

  • SEBI, while referring to the complaints registered by Amazon and the plea filed in Delhi HC, has asked the entities involved in the amalgamation to keep their shareholders informed about the legal dispute

Being the largest economy, the American policy playbook under a new president matters to all countries
Being the largest economy, the American policy playbook under a new president matters to all countries

What will Biden era mean for the world and India?

With Joe Biden being sworn in as the 46th US President, the theme is now centred around “America United”. Being the largest economy, the American policy playbook under a new president matters to all countries. Mint explores what can be expected from the new regime:

Photo: iStock
US President Joe Biden speaks after being sworn in as the 46th President of the US during the 59th Presidential Inauguration at the US Capitol in Washington, January 20, 2021. (Photo by Patrick Semansky / POOL / AFP) (AFP)
US President Joe Biden speaks after being sworn in as the 46th President of the US during the 59th Presidential Inauguration at the US Capitol in Washington, January 20, 2021. (Photo by Patrick Semansky / POOL / AFP) (AFP)

A new dawn

US President Biden calls on Americans to overcome divisions, says leaders have an obligation ‘to defend the truth’

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National Guard patrol a road block leading to the Supreme Court ahead of President-elect Joe Biden's inauguration ceremony, Wednesday, Jan. 20, 2021, in Washington. (AP Photo/Julio Cortez) (AP)
National Guard patrol a road block leading to the Supreme Court ahead of President-elect Joe Biden's inauguration ceremony, Wednesday, Jan. 20, 2021, in Washington. (AP Photo/Julio Cortez) (AP)

Scenes from America that were only seen in fallow democracies

The riven country that Trump leaves behind reminds us of eternal vigilance being the price of liberty

The consolidated profit after tax of TCL in the December quarter rose 428% from a year ago to  ₹309 crore, driven by robust growth in profitability and revenue from the data business, the company said on Tuesday.
The consolidated profit after tax of TCL in the December quarter rose 428% from a year ago to 309 crore, driven by robust growth in profitability and revenue from the data business, the company said on Tuesday.

Govt plans to sell TCL stake for 8,000 cr

Part of the stake will be sold through OFS and on the discovered price, and the rest of the stake will be sold to Tatas

US President Joe Biden signs executive orders in the Oval Office of the White House in Washington, D.C. (Bloomberg)
With the onset of covid, market penetration for hand sanitizers had grown from low single digits to 45% in 2020. ISTOCK
When UPI captures 59% of the payment market share by volume, projected transactions are expected to be at 99 billion by volume and  ₹128 trillion by value, said PwC. (Pradeep Gaur/Mint)
When UPI captures 59% of the payment market share by volume, projected transactions are expected to be at 99 billion by volume and 128 trillion by value, said PwC. (Pradeep Gaur/Mint)

UPI transactions by volume and value hit new high in December

  • UPI transaction volumes reached 2,234.16 million in In December. The value of transactions was 4,16,176 crore
  • UPI had a 17% market share in 2018-19 and is expected to reach 59% by 2024-25

Loan losses and provisions rose 63% y-o-y to  ₹1,351.67 crore in Q3. Photo: Mint
FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange. (REUTERS)
FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange. (REUTERS)

Wall Street soars after smooth Joe Biden inauguration

  • The Dow and S&P 500 posted all-time highs, but none gained more than the Nasdaq
  • Investors were relieved the new president took office safely after outgoing president Donald Trump's supporters attacked the US Capitol earlier this month

Kerala recently lifted restrictions on spa services .
Kerala recently lifted restrictions on spa services .

Wellness therapies see demand uptick

Lockdown fatigue, remote working and constant fear of infection have spurred demand for wellness packages and stress-relief therapies as consumers look to unwind and relax

A large part of such failures are seen originating from NBFCs, lending apps (Photo: iStock)
A large part of such failures are seen originating from NBFCs, lending apps (Photo: iStock)

Auto-debit defaults fall in Dec

  • Transaction failures were 200 bps lower, at 38% of total auto-debits
  • The recovery is being seen at a time when judicial order has barred lenders from classifying certain loans as bad

File photo of an RIL refinery at Jamnagar. The company is expected to report a 14% q-o-q rise in Ebitda and a 16% q-o-q recovery in earnings, two-thirds of which will be driven by a recovery in petrochemicals Ebitda, say brokers. (Photo: AFP)
File photo of an RIL refinery at Jamnagar. The company is expected to report a 14% q-o-q rise in Ebitda and a 16% q-o-q recovery in earnings, two-thirds of which will be driven by a recovery in petrochemicals Ebitda, say brokers. (Photo: AFP)

Refining, petchem biz to be key drivers for RIL

RIL’s consolidated revenue is expected to hit 1.21 trillion in Dec quarter

With the industry demanding a chance to resolve past disputes related to customs duty, the government is actively considering such a solution (Bloomberg)
With the industry demanding a chance to resolve past disputes related to customs duty, the government is actively considering such a solution (Bloomberg)

Government mulls amnesty plan to resolve customs issues

The Centre is considering a one-time amnesty plan for the resolution of legacy disputes pertaining to customs duty, after the success of Sabka Vishwas for settlement of excise and service tax cases, and Vivad se Vishwas for income-tax issues, two people aware of the matter said, seeking anonymity

In this piece, we explain the advantages and limitations of NPS and how savers can integrate it into their retirement planning. Photo: iStock
Oxford preparing vaccine versions to fight Covid 19 virus variants (AFP)
Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy (Photo: ANI)
On Wednesday, about 25 I-T officials visited Flipkart’s office  (Mint)
The first fund was raised in 2018 and had closed at $50 million.
Here, only the A-rated plans have been shown. For the policies that scored B and C, see the link mentioned.
Here, only the A-rated plans have been shown. For the policies that scored B and C, see the link mentioned.

A-rated health plans for you

  • Here is a comparison of top health insurance plans for different sum assured and across different age groups
  • Only the A-rated health insurance plans have been shown here

Timing the entry and exit in sector funds is essential
DHFL’s shares have doubled in the past three months. MINT
Agriculture minister Narendra Singh Tomar. (AP)
US President Joe Biden leaves after attending a virtual swearing-in ceremony of political appointees from the State Dining Room of the White House. (AP)
US President Joe Biden leaves after attending a virtual swearing-in ceremony of political appointees from the State Dining Room of the White House. (AP)

Joe Biden says Donald Trump wrote him 'very generous letter'

  • 'The president wrote a very generous letter,' Biden told reporters at the White House
  • Trump opted to skip Biden's inauguration and never formally congratulated him on his election win

Around 50 countries have started vaccination campaigns, with more than 40 of them being high-income states. (AFP)
Around 50 countries have started vaccination campaigns, with more than 40 of them being high-income states. (AFP)

Don't panic, you'll get Covid-19 vaccine, says WHO

  • The WHO's assistant director-general Mariangela Simao said the UN health agency was working towards ensuring access to coronavirus jabs all around the world
  • 'No one needs to panic, because you're going to get a vaccine,' said Simao

Britain's Prime Minister Boris Johnson. (REUTERS)
Biden signs first executive orders as prez, pledges to join Paris accord (REUTERS)
Biden signs first executive orders as prez, pledges to join Paris accord (REUTERS)

Biden signs first executive orders as prez, pledges to join Paris accord

US President Joe Biden on Wednesday signed first executive actions, hours after he was sworn-in as 46th commander-in-chief. He signed an order requiring masks on federal property, one meant to ensure racial equality and another rejoining the Paris climate accord.

Michael Pompeo (AFP)
FILE PHOTO: A health worker receives an injection with a dose of the Pfizer-BioNTech COVID-19 vaccine, amid the coronavirus disease (COVID-19) outbreak, at Fuentelarreina primary healthcare centre in Madrid, Spain January 18, 2021. REUTERS/Sergio Perez/File Photo (REUTERS)
FILE PHOTO: A health worker receives an injection with a dose of the Pfizer-BioNTech COVID-19 vaccine, amid the coronavirus disease (COVID-19) outbreak, at Fuentelarreina primary healthcare centre in Madrid, Spain January 18, 2021. REUTERS/Sergio Perez/File Photo (REUTERS)

How alarming are these covid-19 vaccine scares?

  • Any new vaccine could have long-term risks, but most vaccine-related side effects tend to occur within the first two months of an inoculation

A bag of donated convalescent plasma from a person who recovered from covid-19 (Photo: Reuters)
A bag of donated convalescent plasma from a person who recovered from covid-19 (Photo: Reuters)

New COVID-19 variant defeats plasma treatment, may reduce vaccine efficacy

  • Researchers are racing to establish whether the vaccines currently being rolled out across the globe are effective against the so-called 501Y.V2 variant
  • The variant is the main driver of South Africa's second wave of COVID-19 infections, which hit a new daily peak above 21,000 cases earlier this month

President Joe Biden points after he was sworn in as the 46th president of the United States (AP)
The Sebi-appointed observer’s report pointed at deviations on disclosure of interest by directors, key managerial personnel and their relatives (Photo: Mint)
The Sebi-appointed observer’s report pointed at deviations on disclosure of interest by directors, key managerial personnel and their relatives (Photo: Mint)

Procedural deviations in Franklin e-voting, only 38% turnout: report

  • Voters in the schemes approved the winding up by a majority of over 96% in all the schemes, the report showed
  • The observer further noted that the vote was framed such that approval by simple majority is required rather than the threshold of 75% that is required in case of winding up of a company

Joe Biden is sworn in as the 46th President of the United States on the West Front of the U.S. Capitol in Washington, U.S..  (REUTERS)
Joe Biden is sworn in as the 46th President of the United States on the West Front of the U.S. Capitol in Washington, U.S.. (REUTERS)

Highlights: Joe Biden sworn in, says US democracy has prevailed

Joe Biden Inauguration Live: Biden, 78, took the oath of office from Supreme Court Chief Justice John Roberts at a solemn ceremony at the US Capitol which was snubbed by the outgoing president and took place in the shadow of a raging coronavirus pandemic

Agriculture minister Narendra Singh Tomar  (PTI)
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