Livemint.com Wednesday | Jul 15, 2020
Mintlite Daily Newsletter
THE WRAP Google is in advanced talks to invest close to $4 billion into Reliance Industries Ltd’s digital assets unit as the search giant seeks to join a host of marquee investors, including rival Facebook Inc., in tapping India’s vast but nascent internet market, two people directly aware of the development said. Mukesh Ambani’s Reliance Jio Infocomm Ltd has asked to be made a party in the case involving the Telecom Regulatory Authority of India’s (Trai) denial of faster internet speed to Vodafone Idea Ltd’s premium postpaid customers. A flurry of top-level exits at HDFC Bank Ltd has turned the spotlight on the country’s largest private sector lender, which is set for a top leadership change later this year. Since March, the bank has seen the exits of Abhay Aima, group head of private banking; Ashok Khanna, group head of secured vehicle loans; and Munish Mittal, chief information officer—all HDFC Bank veterans and close aides of its long-time managing director Aditya Puri. A Securities and Exchange Board of India (Sebi) diktat to disclose the impact of the coronavirus pandemic on companies is turning out to be a hollow exercise. Passenger vehicle (PV) sales in India almost halved from a year earlier in June as the coronavirus outbreak caused widespread disruptions to factory operations and dented consumer demand. DEEP DIVES
1. The great games at play in wind and solar
In the middle of a possible recession and a collapse in power demand, renewables are shining bright. Will it last?With long-term renewables contracts being seen as safe bets, especially during a pandemic, foreign capital that has few places to go to has begun chasing these assets Read Full Story >
2. China is racing ahead of India in adopting EVs
Electric two-wheelers are a huge market in China and the electric car market is picking up as well. Mint examines the reason behind this Read Full Story >
3. Mindtree’s top client comes to the rescue as covid hits key vertical
The revenue share of the top client increased from less than 25% in March to more than 30% in the June quarterEncouragingly, Mindtree continues to see decent traction in the communication, media and technology vertical Read Full Story >
4. Opinion | Settle the principles of data sharing first
The Kris Gopalakrishnan report on the regulation of non-personal data opens up a debate on information as a public good. Regulate it, but don’t let arbitrary authority ruin the idea Read Full Story >
690 million people in the world are hungry—almost 9% of the entire population of the planet. We must make food systems more sustainable and healthy diets affordable and accessible for all. ANTÓNIO GUTERRES
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