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Airtel’s and Vodafone Idea’s 4G net additions also slowed in the June quarter.
Earlier, RBI had announced measures to improve access to liquidity for NBFCs  (Photo: Mint)
Photo: Mint
Photo: Bloomberg
Photo: Bloomberg

What Indians have been buying during coronavirus pandemic?

Spending patterns of Indian during during coronavirus pandemic reveal just how deeply concerned they are with protecting their health and fortifying their store-cupboards, warding off boredom and keeping their homes (and themselves) neat and tidy

Sajjan Jindal, Chairman, JSW Group
A wall mural with images of Bollywood actors, is seen under a road bridge in Mumbai
A wall mural with images of Bollywood actors, is seen under a road bridge in Mumbai

Actors, crew above 65 now allowed to work: Bombay HC

  • In an interview to movie portal Film Companion, Shah had said the clause makes no sense
  • Not allowing people above the age of 65 on set was part of the guidelines set out by the state government when it allowed shoots to resume in June

Photo: Mint
Sale of cars and two wheelers in India are slowly rising after witnessing near zero sales in April as the country went into a total lockdown to prevent the spread of coronavirus (Photo: Bloomberg)
Sale of cars and two wheelers in India are slowly rising after witnessing near zero sales in April as the country went into a total lockdown to prevent the spread of coronavirus (Photo: Bloomberg)

Cholamandalam Finance sees rise in demand for personal mobility vehicle loans

The company is seeing good demand for entry-level cars and two wheelers. Sales of used vehicles may see a spurt as new vehicles may be costlier because of upgraded emission norms, Cholamandalam Finance CFO Arulselvan D. said

The Committee shall submit its recommendations on the financial parameters to the Reserve Bank (MINT_PRINT)
AU Small Finance Bank.
Bharti believes industry monthly ARPU needs to grow to around  ₹200 and eventually to  ₹300 for a sustainable business model.
It can also be noted that there is a project to have a single customer ID for every entity's banking needs which will help in the monitoring, but the same is not fully in place.
It can also be noted that there is a project to have a single customer ID for every entity's banking needs which will help in the monitoring, but the same is not fully in place.

Banks will not open current accounts for those with cash credit, overdraft

  • RBI said rather than opening a new current account, all transactions should be routed through Cash Credit or OverDraft account
  • The move will avoid hoodwinking of the system and reduce the blind spots

The only silver lining for big celebrities is that their social media following has grown significantly during lockdown, with celebrities such as Virat Kohli and Akshay Kumar growing their online following by 40-50%. (Reuters)
The only silver lining for big celebrities is that their social media following has grown significantly during lockdown, with celebrities such as Virat Kohli and Akshay Kumar growing their online following by 40-50%. (Reuters)

Brand endorsement business  sees churn

  • Several brands have also started working with big celebrities but only on a project basis for Instagram or Facebook activation campaigns
  • The silver lining for big celebrities is that their social media following has grown significantly during lockdown

RBI said shrinking industrial output weighs on revival.
In case the MPC decides to keep the repo rate steady, then RBI could consider delivering some indirect form of easing.mint (MINT_PRINT)
In case the MPC decides to keep the repo rate steady, then RBI could consider delivering some indirect form of easing.mint (MINT_PRINT)

Green  light  for  one-time  restructure of stressed debt  till 31 December

  • While banks could recast loans even before Thursday’s step, lenders were reluctant to use it as they had to tag the loan as bad and set aside 15% as provisions
  • Industry estimates peg the total quantum of loans coming up for recast at 5-8 trillion, or 5-8% of the 101 trillion loan book.

Photo: Mint
Photo: Mint
Photo: Mint
Representative image  (Photo: iStock)
Once a customer has lodged the dispute or grievance, a unique reference number shall be allocated by the ODR system. Photo: iStock
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