Industry

Over a lakh of fixed deposit holders in DHFL are stuck in a quagmire even as banks work on a rescue plan for the stressed mortgage lender. (Pradeep Gaur/Mint)
Over a lakh of fixed deposit holders in DHFL are stuck in a quagmire even as banks work on a rescue plan for the stressed mortgage lender. (Pradeep Gaur/Mint)

DHFL fixed depositor dies, family says shock of withheld money killed her

  • Over a lakh of fixed deposit holders in DHFL are stuck in a quagmire even as banks work on a rescue plan for the stressed mortgage lender
  • The society also gives loans, grants for welfare activities, loans for construction, purchase of houses and flats to serving members

Flipkart said it has reduced the use of single-use plastic by 33% and aims to move towards 100% recycled plastic consumption in its supply chain by March 2021 (Photo: Reuters)
Flipkart said it has reduced the use of single-use plastic by 33% and aims to move towards 100% recycled plastic consumption in its supply chain by March 2021 (Photo: Reuters)

Flipkart to collect plastic packaging back from customers

  • The pilot project aims at ensuring existing plastic packaging in the system is recycled and reused, Flipkart said
  • Flipkart said it will send out an intimation to consumers asking them to voluntarily hand over plastic packaging to its delivery staff for its proper disposal, at the time of product delivery

Bandhan Bank alone reported a profit of  ₹971.8 crore in July-September quarter
Disney Plus service was launched in the US on Tuesday for $6.99 per month or $69 per year. (AP)
Disney Plus service was launched in the US on Tuesday for $6.99 per month or $69 per year. (AP)

Disney Plus surpasses 10 million subscribers on launch day

  • Disney mobile app was downloaded 3.2 million times within the first 24 hours of the streaming service's launch
  • Analysts projected that Disney would have anywhere between 10-18 million subscribers in its first year

Amazon founder Jeff Bezos, (Reuters)
Amazon founder Jeff Bezos, (Reuters)

Why Jeff Bezos picked books to be Amazon's first product

  • A rediscovered 1997 video reveals why Jeff Bezos chose books to be Amazon's first product
  • Not just selling books online, Amazon has 526 physical retail locations globally, including 19 Amazon Books stores

To make calls to non-Jio numbers, you can buy top-up vouchers starting from  ₹10. (Mint)
Telcos pay 18% GST and also 3-5% of the AGR as spectrum usage charges and 8% in licence fees.
The audit committee of Yes Bank’s board had ordered the special audit into the whistleblower’s complaints received in September 2018. (REUTERS)
The audit committee of Yes Bank’s board had ordered the special audit into the whistleblower’s complaints received in September 2018. (REUTERS)

Yes Bank faces fresh audit into complaints by whistleblower

  • The audit committee of Yes Bank’s board had ordered the special audit into complaints received in 2018
  • The bank’s notes to accounts for the quarter ended September 2019 describes the nature of the complaint

The MPC will also have the September quarter GDP data when it meets in December. (REUTERS)
The MPC will also have the September quarter GDP data when it meets in December. (REUTERS)

Retail inflation: The options before Reserve Bank of India

  • RBI may do a balancing act between checking inflation and pushing growth in its December policy
  • Apart from the inflation data, the MPC will also look at the recent data on factory output, which shrank for the second straight month in September

Photo: Mint
The DoT has given option to telecom operators to clear all the dues on self-assessment basis. (Indranil Bhoumik/Mint)
The DoT has given option to telecom operators to clear all the dues on self-assessment basis. (Indranil Bhoumik/Mint)

Clear revenue share dues as per SC order: DoT to telcos

  • The DoT has given option to telecom operators to clear all the dues on self-assessment basis
  • As per DoT's estimate, liability of Bharti Airtel Group is 62,187.73 crore, Vodafone Idea 54,183.9 crore and BSNL and MTNL 10,675.18 crore

BSNL CMD Pravin Kumar Purwar. (PTI)
BSNL CMD Pravin Kumar Purwar. (PTI)

BSNL to raise 15000 crore through sovereign bonds next month

  • The cabinet decision last month had paved the way for MTNL to be a subsidiary of BSNL and the firms can raise 15,000 crore on sovereign bonds
  • The package includes raising of 15,000 crore sovereign bonds to meet the immediate capital requirement

Sandeep Kumar said that 56% of its branches in Assam are in semi-urban and rural areas (Mint )
Sandeep Kumar said that 56% of its branches in Assam are in semi-urban and rural areas (Mint )

HDFC Bank to have 200 branches in north-east region, hire 2,000 people

  • The lender will hire around 1,500 people in the next one year in Assam as the bank plans to increase the number of its branches from 72 to 100
  • Sandeep Kumar said that 56% of its branches in Assam are in semi-urban and rural areas

Indian Oil Corp is in talks with oil major Rosneft to explore possibility of importing Russian oil. (Reuters)
Indian Oil Corp is in talks with oil major Rosneft to explore possibility of importing Russian oil. (Reuters)

Indian Oil Corp in talks with Rosneft to import Russian oil

  • Oil minister Dharmendra Pradhan said late on Monday that India is open to importing oil from Russia
  • India, the world's third-biggest oil importer and consumer, ships in about 60% of its overall crude needs from the middle eastern countries

Photo: Mint
Project Zero combines Amazon's advanced technology and innovation with the sophisticated knowledge that brands have of their own intellectual property and how best to detect counterfeits of their products (Reuters)
Project Zero combines Amazon's advanced technology and innovation with the sophisticated knowledge that brands have of their own intellectual property and how best to detect counterfeits of their products (Reuters)

Amazon launches 'Project Zero' in India to block counterfeit goods

  • Project Zero introduces additional proactive mechanisms and powerful tools to identify, block and remove counterfeits, Amazon said
  • Over 7,000 brands have already enrolled in Project Zero across US, Europe and Japan

Under existing rules, companies were required to invest at least  ₹2,000 crore in the petroleum sector to enter the fuel retail segment (Photo: Mint)
Under existing rules, companies were required to invest at least 2,000 crore in the petroleum sector to enter the fuel retail segment (Photo: Mint)

State-owned fuel firms wary as India opens up oil retail market

  • The move to allow all firms with a net worth of 250 crore to set up fuel retail outlets aims to boost investment
  • The change in the fuel retail policy will definitely lead to an increase in competition and the customers will benefit, IOC chairman said

Petrol demand growth is around 6%, necessitating opening of retail outlets every year. (Photo: Ramesh Pathania/Mint)
Petrol demand growth is around 6%, necessitating opening of retail outlets every year. (Photo: Ramesh Pathania/Mint)

Need to adopt cautious approach to avoid inviability of rise in outlets

Opening up the fuel retail sector may open the floodgates for investors, the government needs to adopt a cautious approach as opening an uncontrolled number of outlets may led to inviability of many existing as well as new outlets

Photo: Indranil Bhoumik/Mint
One of the guidelines directing companies to install facilities for marketing at least one new alternative fuel will aid the govt’s plans to transition to cleaner energy. (Photo: Pradeep Gaur/ Mint)