Suzuki may access Toyota’s factory near Bengaluru to make models at a time when demand is not likely to grow substantially.
Suzuki may access Toyota’s factory near Bengaluru to make models at a time when demand is not likely to grow substantially.

Suzuki’s Gujarat plant to drive out fewer cars

  • Carmaker not likely to double capacity at the plant to 1.5 million vehicles
  • The move by parent Suzuki comes on the heels of Maruti’s local sales falling 19% in the June quarter

Economic growth is expected to accelerate to 7.2% in the following year (Photo: Reuters)

Mint Headlines: Relief for taxpayers, Suzuki restructuring, Boris to be PM

Headlines @ Mint gives you a quick brief on the biggest events and developments expected to make news this Wednesday, including a close look at how the markets will respond in the wake of the earning announcements, relief for tax payers, Suzuki’s restructuring plan in Gujarat plant, IMF cuts India’s growth forecast, SC ruling on the Amrapli case. Also on the menu are the latest from the Karnataka political potboiler, Robert Mueller to testify in the US Congress, Boris Johnson to be next British Prime Minister and a lot more. Watch the full video to tune into your daily dose of news shorts and more.

Karnataka BJP president B.S. Yeddyurappa and other party MLAs flash the victory sign in the state assembly (Photo: Sharana Basappa/Mint)
Karnataka BJP president B.S. Yeddyurappa and other party MLAs flash the victory sign in the state assembly (Photo: Sharana Basappa/Mint)

Congress-JD(S) coalition government loses trust vote in Karnataka

  • The BJP Karnataka leadership is expected to meet its top brass in Delhi and decide the next move
  • The confidence motion, called by Kumaraswamy in a desperate attempt to stem the leaching of legislators, brought an end to the 425-day-old government

(Photo: Pradeep Gaur/Mint)
Boris Johnson, leader of the Britain's Conservative Party, leaves the party's headquarters in London (Photo: Reuters)
Boris Johnson, leader of the Britain's Conservative Party, leaves the party's headquarters in London (Photo: Reuters)

Britain’s new leader Boris Johnson vows to get Brexit done by 31 October

  • Johnson won the votes of 92,153 members of the Conservative Party, almost twice the number of votes Hunt got
  • May will leave office on Wednesday after going to Buckingham Palace to see Queen Elizabeth II, who will formally appoint Johnson before he enters Downing Street

Valuations at 51 times estimated FY20 earnings are pricey but may remain resilient (Photo: Pradeep Gaur/Mint)
Anand Piramal, executive director of Piramal Group, has invested in his personal capacity

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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)

Trump’s offer to mediate in Kashmir row triggers uproar

  • US clarifies that Kashmir is a bilateral issue between India and Pakistan after New Delhi rejects the offer
  • US President Trump said that PM Modi had asked him to mediate in the Kashmir issue

Plain Facts
State-run NBCC will take over and complete Amrapali’s stalled projects (Photo: PTI)
Long Reads
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

Rana Kapoor, co-promoter of Yes Bank. Bloomberg
There is a dire need to train students in communication and other soft skills. The absence of these is the key reason why many IITians leave the campus, unemployed. Sanjeev Verma/HT
There is a dire need to train students in communication and other soft skills. The absence of these is the key reason why many IITians leave the campus, unemployed. Sanjeev Verma/HT

Super failure: Horrors of IIT dream

  • There is something deeply wrong in the IIT ecosystem, which should worry us as a society
  • What the media doesn’t report is that the median salary of a fresh IIT graduate is 8-10 lakh a year, and that even in the top IITs, 15-20% don’t get jobs on campus

Sanjiv Mehta, chairman and managing director, HUL.mint
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

Prime Minister Narendra Modi
Prime Minister Narendra Modi

Opinion | It’s not the time for going hell for leather on tax compliance

Given falling interest rates, it’s a good time for the government to borrow more from markets

As a percentage of total loans, IndusInd Bank’s gross NPAs stood at 1.15%, as compared to 1.17% in the previous quarter . Photo: Mint
As a percentage of total loans, IndusInd Bank’s gross NPAs stood at 1.15%, as compared to 1.17% in the previous quarter . Photo: Mint

IndusInd Bank to raise up to 20,000 crore

  • The bank said it will put up the proposal before the shareholders in its forthcoming annual general meeting
  • The bank said it board of directors it will seek consent of members for borrowing/raising of funds in Indian/foreign currency by way of issue of securities

If India is a leader in preventing deaths in disasters, it is not so adept in protecting infrastructure from extreme weather.
If investors stay put in the three schemes and there is a default, they stand to lose a substantial amount.
If investors stay put in the three schemes and there is a default, they stand to lose a substantial amount.

Aditya Birla Sun Life MF’s debt investors face cliff edge risk

  • Investors of 3 Aditya Birla Sun Life AMC schemes see their risk rise sharply as exposure to Essel grows
  • Aditya Birla Sun Life’s Medium Term, Credit Risk and Dynamic Bond funds have large exposure to the Essel Group

The newly-constituted National List of Essential Medicines committee will decide on essential medicines and send the list to a second panel for deciding which ones are to be brought under price control.mint
The newly-constituted National List of Essential Medicines committee will decide on essential medicines and send the list to a second panel for deciding which ones are to be brought under price control.mint

Govt initiates new process to identify essential medicines

  • Committee to meet stakeholders tomorrow to shortlist drugs that should be available in assured quality
  • Stakeholders have been asked for their feedback on cardiology and cancer drugs

James Quincey, CEO of Coca-Cola.bloomberg
James Quincey, CEO of Coca-Cola.bloomberg

Coke’s coffee, zero-sugar sodas lift 2019 goals

  • A 4% volume rise in traditional Coca-Cola and its zero-sugar version helped revenue grow 6.1% to $10 bn in Q2
  • The world’s biggest beverage makers, Coca-Cola and rival PepsiCo, have been responding to changing consumer tastes

Jet Airways has not flown since 18 April due to funding woes (Photo: Reuters)
Indian government officials said the country’s efforts at reducing damage from natural calamities such as cyclones in recent years has been appreciated abroad. (ANI)
Indian government officials said the country’s efforts at reducing damage from natural calamities such as cyclones in recent years has been appreciated abroad. (ANI)

Will India’s idea on disaster management gain global support?

  • Coalition for Disaster Resilient Infra to be discussed at G7 meet in August
  • PM Modi feels that there is space for major nations, particularly the G20 members, to have some kind of an informal arrangement where capacity building and technical know-how can be shared

Viral Acharya, outgoing deputy governor of RBI.mint
 (Photo: iStock)
A file photo of Viral Acharya. (Reuters)
Transport minister Nitin Gadkari. (Pradeep Gaur/Mint)
Transport minister Nitin Gadkari. (Pradeep Gaur/Mint)

Lok Sabha passes Motor Vehicles Amendment Bill

  • The Centre will develop a system for cashless treatment of road accident victims in the so-called golden hour—the period up to an hour after a traumatic injury
  • All laws under the transport policy will be framed only after consulting states

RBI deputy governor B.P. Kanungo (Photo: Reuters)
A poll of 14 analysts had estimated net profit of  ₹1560.3 crore for the quarter
 (Photo: Pradeep Gaur/Mint)
(Photo: Pradeep Gaur/Mint)

Opinion | UPI is world-class and it’s time to take it international

UPI may not be decentralized but we know it works well at scale even over patchy mobile networks

 (Photo: AFP)
(Photo: AFP)

Apple in talks to buy Intel smartphone chip unit

  • Apple has been investing in its own mobile chips to ramp up performance and features in its devices and reduce its dependence on Qualcomm
  • Intel earlier this year announced it was abandoning efforts to compete with modem chips for smartphones synched to new-generation “5G” networks

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

Vetri Subramaniam, group president and head of equity, UTI Asset Management
Not just global cues, domestically as well odds seem to be in favour of the precious metal. (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

 (Photo: Pradeep Gaur/Mint)
(Photo: Pradeep Gaur/Mint)

Opinion | The rationale of the central bank’s mandate on inflation

The debate that should begin is whether RBI’s current mandate should continue after 2021 or there is a case for a fresh look

The $1 billion investment goes to the for-profit arm OpenAI LP (Reuters)
Union Minister for Road Transport and Highway Nitin Gadkari. (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)
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

Higher education, increased mobility, late marriage, financially independent women and overall prosperity are all contributing to a falling TFR
Higher education, increased mobility, late marriage, financially independent women and overall prosperity are all contributing to a falling TFR

What are India’s challenges as its fertility rate falls?

  • The government’s Sample Registration System in 22 states shows that TFR for India declined to 2.2 in 2017 after being stable at 2.3 between 2013 and 2016
  • The total fertility rate has more than halved in both urban and rural areas

 (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

One needs to submit composite claims form along with bank details and IFSC code for PF account transfer. (Photo: iStock)
Greenko owns operating assets of 4.2GW and under-construction assets of 7GW in its renewables portfolio. (Photo: Bloomberg)
Greenko owns operating assets of 4.2GW and under-construction assets of 7GW in its renewables portfolio. (Photo: Bloomberg)

Greenko raises $950 mn in mega green bond sale

  • Deal is among the largest overseas green bond sales by an Indian clean energy firm
  • Greenko Energy is backed by GIC Holdings and Abu Dhabi Investment Authority

The decision comes despite the slew of defaults by IL&FS group, which has more than  ₹90,000 crore in debt. (Photo: Aniruddha Chowdhury/Mint)