Reliance Industries Ltd (RIL) will announce its Q4 results today.
Reliance Industries Ltd (RIL) will announce its Q4 results today.

What to expect from Reliance Q4 earnings

  • Ahead of RIL's announcement of its earnings for the fourth quarter of 2018-19, Mint's Nasrin Sultana compares the predictions from various brokerage houses of how the corporate group might fare. While projections are bleak for Reliance's petrochemical business, analysts believe it would be offset by strong performance in the telecom and retail segments. Watch the full video for more.

Decoding the good, bad and the ugly of Jet Airways crisis

Distressed airline Jet Airways finally halted its entire operations from Wednesday night after failing to get emergency funds from lenders. In a discussion with Mint's Shrija Agrawal, experts discuss what went wrong at Jet Airways and the way forward. According to Jitendra Bhargava, aviation expert and former executive director at Air India, there were enough alarm bells ringing and the promoter-founder Naresh Goyal chose to ignore them. On the other hand, Manish Agarwal posited that airlines sector in India still remains one of the fastest growing and that there will be efficient and inefficient players.

Google, Apple block TikTok app in India

Google & Apple have blocked the popular Chinese app TikTok in India. The video app is no longer available in Google and Apple app stores in India. A Tamil Nadu court asked the government to ban TikTok due to inappropriate content. The government sent a letter requesting Apple & Google to abide by the state court's order. Google said in a statement it does not comment on individual apps but adheres to local laws. Apple did not respond to requests for comment. TikTok had been downloaded more than 240 million times in India.

Learnings for an investor from Wipro Q4 results

Wipro has posted better-than-expected revenue growth for Q4 FY19 but offered a disappointing revenue growth outlook of -1% to 1.0% for Q1 FY20. The Bengaluru-based IT firm also announced 10,500 share buyback—its third such offer to investors in the last four years—at 325 per share. Mint's Nasrin Sultana sits down with brokerage Prabhudas Lilladher's IT sector analyst Aniket Pande to gauge the key takeaways for Wipro investors from this quarterly performance.

CPPIB bets on India, says ‘GST, bankruptcy code may boost efficient economy’

For Canada Pension Plan Investment Board (CPPIB), which manages one of the world’s largest pension funds, India is an important investment destination. CPPIB, which began investing in India in 2009, has pumped in about Canadian $8.2 billion in the country. Alain Carrier, senior managing director and head of international, head of Europe, CPPIB; and Vikram Gandhi, a senior adviser, in an interview, spoke on the good and bad of the India story, new investment opportunities and the country’s importance for the pension fund. Carrier also opened up if they would look at investing in an asset like Jet Airways. Watch the video to find out more

Lok Sabha elections 2019: Preparations underway for phase 1 of polling

  • India is preparing for the first phase of polling for Lok Sabha elections 2019. Visuals from Ghaziabad show polling officers preparing for the first phase of polling to be held tomorrow. Fight in Ghaziabad is between General VK Singh of BJP vs Suresh Bansal of SP-BSP-RLD alliance vs Dolly Sharma from Congress. Polling for Lok Sabha elections 2019 will be held in total 7 phases. The results will be declared on May 23.

Zia Mody on adversarial deal making, fear of missing out in private equity

In an exclusive interview to Livemint, veteran lawyer Zia Mody opens up on the evolving M&A landscape. According to Mody, while the "friendly" M&A will continue, the adversarial component in such transactions has also come to assume significance. " The promoters that are at risk are the ones that have smaller shareholdings," she says. In a competitive deal-making environment, promoters need to be more mindful of regulations such as the takeover code and the IBC norms. Mody also opens up on how fear of missing out is catching up with private equity in a big way. "The general investor sentiment right now is that there will be a positive return to power, that there will be continuity and that the reform agenda will continue," she concluded.

Amazon's Jeff Bezos, wife MacKenzie finalise divorce

Amazon founder and CEO Jeff Bezos and wife MacKenzie finalised their divorce this week. MacKenzie Bezos said she would give all of her stake in The Washington Post and the space exploration firm Blue Origin to her husband. Jeff will have a 12% stake in Amazon while MacKenzie will have a 4% stake. Jeff will also have the voting control of MacKenzie's remaining Amazon stock. Jeff Bezos, 55, and MacKenzie, 48, a novelist, married in 1993 and have four children. Jeff Bezos founded Amazon in their Seattle garage in 1994 and turned it into a colossus that dominates online retail.

Apex court squashes RBI's Feb 12 circular on bad loan resolution: A decode

The Supreme Court on Tuesday quashed the RBI’s 12 February circular which prescribed rules for recognising one-day defaults by large corporates and called for insolvency action as a remedy. The court’s decision restored the discretion of banks on debt resolution. The ruling is a significant one as it may affect stressed assets worth around 2.2 lakh crore in many sectors. In a discussion with Livemint, Ravi Chachra, chief investment officer and Managing Partner at Eight Capital Management LLC, and Nishant Singh, partner at IndusLaw, decode the Supreme Court's ruling and its implications for various stakeholders.

Marico Founder Harsh Mariwala on how Indian start-ups can scale up & thrive

  • As focus intensifies on India's start-up scene and even the government tries to give young entrepreneurs a fillip, the founder of multiple pioneering businesses, Harsh Mariwala, reveals his success mantra. In conversation with Livemint Senior Editor Aditi Prasad, the founder of Marico Innovation Foundation explains what he believes are the major hurdles in the path of Indian innovators and entrepreneurs today, and how he believes they can overcome them. With 'hostile' takeover bids grabbing headlines, Mariwala also reveals how he managed conflicting interests in his undertakings. Watch the full interview for more.

'Hostile' takeovers: L&T-Mindtree saga signals new era in Indian M&A deals?

With Larsen & Toubro creating headlines with its attempts to take over Mindtree, an IT services firm, we take a look at how the ongoing tussle may be signalling the beginning of a new era in the Indian mergers and acquisitions arena. Sumit Khanna, Partner and Head, Corporate Finance and Restructuring Services at Deloitte India and Vinayak Burman, Managing Partner at Vertices Partners help break down the multi-faceted issue of 'hostile' takeovers and how the interests of various stakeholders collide to create a situation where a takeover bid turns combative. Watch the full video for an in-depth analysis.

'India now seeing more buyout-style transactions': PwC's Sanjeev Krishan

Transactions involving Indian companies surpassing $100 billion in 2018, trouncing the previous annual records is a landmark for the economy, says Sanjeev Krishan, Private Equity and Deals Leader at PwC India. According to Krishan, India is now increasingly moving towards the global norm of doing more buyout style transaction. He also threw light on how Indian private equity fund managers have gone through a huge learning curve and have finally learnt to saying " No" to deals. This is a marked shift from the time when most of the deals were intermediated and PE fund managers outbid each other on most transactions. 

Witnesses and police at the south end of Deans Avenue after a shooting incident in New Zealand. Photo: Reuters
Witnesses and police at the south end of Deans Avenue after a shooting incident in New Zealand. Photo: Reuters

40 killed after ‘extremist’ gunman opens fire at two New Zealand mosques  

  • In a startling and violent attack on two mosques in New Zealand's Christchurch, at least 40 people were killed when gunmen opened indiscriminate fire. Australian Prime Minister Scott Morrison has admitted that one suspect hails from his country, while calling the act 'extremist, right wing and violent'. The Prime Minister of New Zealand, Jacinda Ardern called it 'one of the darkest days' for the country.

Exclusive: Netflix's Todd Yellin on innovation and future of entertainment 

“If you’re not falling on your face,” Todd Yellin, tells his team at Netflix, “you’re not leaning far enough forward to take risks.” Yellin who leads product globally at Netflix has been awarded the most creative people to watch out for by Fast Company. In an interview with Livemint, Yellin talks about the culture of innovation at the firm, taking on competition, future of entertainment and more.

Money With Monika (S2, Ep# 13): Busting myths about mutual funds

Money With Monika Season 2 is a weekly personal finance web series focused on all things mutual funds. In episode 13, personal finance expert Monika Halan seeks to bust some common myths about mutual fund investments. She explains that mutual funds are not just about equity and stocks. “A mutual fund is a way to invest in something else. That can be stocks, bonds, gold and very soon real estate,” says Monika. And if you thought that top rated funds guarantee better returns or dividend option is better than the growth option, then this episode is a must watch.

Money With Monika: Mutual fund investment tips for women (S2, Ep#12)  

  • In this episode of 'Money With Monika', personal finance expert Monika Halan emphasises on financial independence for women and how they can start building their investment portfolio. Start with gold and FDs and build on from that, she says. If choosing mutual funds, consult a financial planner to design a portfolio that suits you best, she adds. Also, "don't give up your financial independence at any cost". Monika Halan is consulting editor, Mint, and author of 'Let's Talk Money'

Opinion I ‘Return of IAF pilot marks a new phase in Indo-Pak relations’

  • Indian Air Force pilot Wing Commander Abhinandan Varthaman will be released shortly by Pakistan through the Wagah-Attari joint check-post. His release comes two days after he was captured across the Line of Control after shooting down a Pakistan Air Force F-16 jet. Mint Managing Editor Anil Padmanabhan believes that the return of Wing Commander Varthaman marks a new phase in India-Pakistan relations. “Terms of engagement in India-Pakistan relations have clearly changed,” he says. Watch the full video for more.