Foreign secretary Vijay Gokhale (Pradeep Gaur/Mint)
Foreign secretary Vijay Gokhale (Pradeep Gaur/Mint)

IAF struck at biggest JeM camp, says foreign secretary Vijay Gokhale

  •  Jaish-e-Mohammad was planning more terror attacks in the country: Gokhale
  • Facility headed by brother-in-law of Maulana Masood Azhar; no civilian casualty incurred

IAF jets carry out air strikes across LoC, terror camps destroyed

  • 12 Mirage fighter jets destroyed a major terrorist camp across the LoC, ANI reported 
  • Cabinet Committee on Security briefs Prime Minister

 (Reuters)
(Reuters)

Markets recoup losses as initial jitters over IAF strike ease

  • Tata Motors was the top gainer with a rise of 2.8%, followed by Tata Consultancy Services at 2%
  • All indices are in the red in today’s trade

Sebi issued show cause notices to these firms in September last year (Mint)
Sebi issued show cause notices to these firms in September last year (Mint)

Sebi says Anand Rathi, Geofin Comtrade not fit for commodity derivatives trading

  • The firms can appeal against the order within 45 days at the Securities Appellate Tribunal
  • At least 300 more brokerages are likely to face Sebi action for trading in prohibited paired contracts

Surgical Strikes
Pakistan foreign minister Shah Mehmood Qureshi (Reuters)
Pakistan foreign minister Shah Mehmood Qureshi (Reuters)

Pakistan foreign minister Qureshi calls IAF strike ‘act of aggression’

  • Pakistan has the right to act in self-defence: Shah Mehmood Qureshi
  • Foreign secretary Vijay Gokhale said the strike was an pre-emptive one in self-defence

SEC claims its two-year investigation is based on internal Cognizant documents
SEC claims its two-year investigation is based on internal Cognizant documents

Cognizant-L&T case: Co-conspirator is from Indian firm, says SEC

  • Cognizant used a construction firm to pay bribes to secure building permits, says SEC
  • According to SEC, the work completion certificate to the construction company was issued by CMDA on or about 5 Nov 2014

 (Mint)
(Mint)

Reliance Jio could lose $2.1 billion this fiscal year: Bernstein  

  • Reliance Jio's deficit would be a bigger one than those of its larger rivals Bharti Airtel and Vodafone Idea
  • To make a positive return on investment, Jio will have to reduce handset subsidies and increase revenue from users, according to Bernstein

For the last two years, many regulatory outcomes have worked against everyone in the market except Jio, says Nick Read (Bloomberg)
For the last two years, many regulatory outcomes have worked against everyone in the market except Jio, says Nick Read (Bloomberg)

Low tariffs in India not sustainable, says Vodafone CEO Nick Read

  • Pricing in India is the lowest in the world; ultimately, prices will go up, says Read
  • Vodafone India and Idea Cellular completed their merger in August 2018

A Jet Airways passenger aircraft takes off from the airport. (Reuters)
A Jet Airways passenger aircraft takes off from the airport. (Reuters)

Jet will re-emerge as viable & robust airline, say Naresh Goyal, Etihad CEO

  • The joint statement has been issued by Jet Chairman Naresh Goyal and Etihad Airways CEO Tony Douglas
  • Jet Airways has been grappling with financial woes and is looking to rejig debt as well as raise funds

According to indicative feeder monitoring data, 13 states have been supplying round-the-clock electricity to consumers (Mint)
According to indicative feeder monitoring data, 13 states have been supplying round-the-clock electricity to consumers (Mint)

State power ministers to debate 24x7 power, poor discom health and UDAY-II today

  • The meeting comes in the backdrop of power NPAs accounting for 5.9% of banks' total outstanding advances of ₹4.73 trillion
  • However, losses at electricity distribution companies narrowed to ₹17,352 crore in 2017-18 from ₹51,096 crore in 2015-16

From small-ticket loans for smartphones to funding large apartment clusters, shadow banks have a finger in every pie (Mint)
From small-ticket loans for smartphones to funding large apartment clusters, shadow banks have a finger in every pie (Mint)

$22 billion gone, yet India's shadow banks face more dark days

  • India’s banking system liquidity is still in a deficit of ₹1.2 trillion ($16.9 billion), according to data compiled by Bloomberg
  • Since August end, shares of DHFL have sunk 80%, while Reliance Capital has fallen 65% and Edelweiss Financial Services has lost 47%

The chosen route of divestment has been either exchange-traded funds (ETFs) or open market sales. Photo: Pradeep Gaur/Mint
The chosen route of divestment has been either exchange-traded funds (ETFs) or open market sales. Photo: Pradeep Gaur/Mint

Double whammy for retail investors as government steps up divestment

  •  In many public sector firms, the free float has risen by 10-34%, which can be a huge deterrent for the market
  • The government’s aggressive divestment spree in these past two years has constantly kept the supply taps open

StanChart said it aims to improve returns in India, South Korea, the United Arab Emirates and Indonesia (Mint)
StanChart said it aims to improve returns in India, South Korea, the United Arab Emirates and Indonesia (Mint)

StanChart resets growth strategy with cost cutting, divestment plans

  • Profit, after provisions, rises 5.5% to $2.55 billion in FY2018 
  • Company plans to distribute surplus capital to shareholders

Cab aggregators are likely to account for 12% of new vehicle sales by 2030..mint
Cab aggregators are likely to account for 12% of new vehicle sales by 2030..mint

For fleet operators, EVs still have miles to go

  • Most fleet operators do not want to pay a premium of over 20% for electric variants, finds a Maruti survey
  • The next wave of growth in the automobile sector in the couple of decades ahead will come from shared mobility and electric vehicle

 (iStock)
(iStock)

Govt employees get to choose NPS pension fund manager

  • Until now, pension savings of government subscribers was split equally between three PSU managers
  • Govt employees can also decide the funds they want to invest in and in what percentage, within the conditions laid out under NPS

The investments can be made via SIPs in mutual funds. (iStock)
The investments can be made via SIPs in mutual funds. (iStock)

Longer horizon can give higher returns

  • The growth rate of the investments will depend on your risk profile, i.e., higher the risk you take in investments
  • The longer investment horizon improves the probability of higher returns

Indra Nooyi will serve as a member of the Amazon board’s audit committee. (PTI)
Indra Nooyi will serve as a member of the Amazon board’s audit committee. (PTI)

Former PepsiCo CEO Indra Nooyi appointed Amazon board member

  • Indra Nooyi, 63, stepped down as Pepsi CEO in October, and gave up her seat on the board this month.
  • Nooyi’s appointment makes five women on Amazon’s 11-member board

There’s nothing to stop the asset-classification relief being given in IL&FS from eventually becoming the norm in all bankruptcies (Mint)
There’s nothing to stop the asset-classification relief being given in IL&FS from eventually becoming the norm in all bankruptcies (Mint)

Opinion | An intruder undermines RBI

The National Company Law Appellate Tribunal (NCLAT) ordered that no lender can declare its exposure to embattled IL&FS Group as nonperforming without its permission — even if there is a default

 (Reuters)
(Reuters)

RBI proposes new compensation norms for top officials of private, foreign banks

  • The RBI proposed that at least 50% of compensation of senior officials of private and foreign banks 'should be variable'
  • RBI also said ESOPs should be included as a component of variable pay

Adani offered a revenue per passenger of  ₹177 to win the rights to operate Ahmedabad airport. (Alamy)
Adani offered a revenue per passenger of ₹177 to win the rights to operate Ahmedabad airport. (Alamy)

Adani pays big bucks, lands 5 airports on offer

  • Adani’s aviation experience is limited to owning an airstrip in Mundra and an airline licence for Karnavati Aviation
  •  Winning bids make Adani the country’s largest private airport operator

FILE PHOTO: A Jet Airways Boeing 777-300ER taxis at San Francisco International Airport. (Reuters)
FILE PHOTO: A Jet Airways Boeing 777-300ER taxis at San Francisco International Airport. (Reuters)

Jet pilots to stick to roster hours from 1 March; operations to be hit

  • Members of the National Aviator's Guild will not fly over and above roster hours from 1 March
  • The airline has been delaying salaries to its pilots along with engineers and senior management since last August

 (iStock)
(iStock)

Investment limits Sebi prescribes for mutual funds

  •  In case of unrated debt instruments, a mutual fund cannot invest more than 10% of the portfolio in a single issuer and 25% in all such securities
  • In case of listed securities of the sponsor and their group companies, the investment cannot exceed 25% of the scheme’s portfolio

Photo: AP

Person’s residential status can determine taxability of US govt pension in India

  • Place of receipt of pension income and DTAA provisions between India and the US will also play a role
  • Rental income from property situated in India is considered as income accrued in India and taxable in India

The company is also partnering with content partners like ZEE5 and Sony Liv to boost bundled portfolios. Photo: Reuters
The company is also partnering with content partners like ZEE5 and Sony Liv to boost bundled portfolios. Photo: Reuters

Jio’s entry seen disrupting  wired broadband  space

  • Jio’s fiber launch will not only bring down average price per user but also increase broadband usage, say rivals
  • There were just 18 million wired broadband subscribers in the country as of November-end

Jio’s revenue market share remains way below its stated target of 50% (Mint)
Jio’s revenue market share remains way below its stated target of 50% (Mint)

Chart of the day: Jio at cusp of becoming India’s largest telco

  • Incumbents Bharti Airtel Ltd and Vodafone Idea Ltd continue to cede ground
  • The company’s revenue in the December quarter rose 15% sequentially, taking its revenue market share to 29.2%

The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France. (Reuters)
The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France. (Reuters)

GE inks $21 billion biopharma sale to Danaher in U-turn under Culp

  •  Deal with Danaher seen to boost liquidity at GE
  • Danaher gains as deal boosts capability into drug development market  

Photo: Mint
Photo: Mint

Jio’s entry seen disrupting wired broadband space

  • Jio’s fiber launch will not only bring down average price per user but also increase broadband usage, say rivals
  • Reliance Jio has launched the registration process with an aim to connect 50 million homes but has not announced pricing plans yet

Photo: Mint
Photo:Bloomberg
Photo:Bloomberg

Goods and services tax rate cut a conundrum for realty developers

  • The impact of lower GST in the absence of input tax credit, therefore, will vary based on the region and the project
  • This is a win-win scenario for developers and buyers, if lower GST can fuel sales

 (Photo: AFP)
(Photo: AFP)

New Delhi to seek Beijing help at RIC meet to blacklist JeM chief

  • External affairs minister Sushma Swaraj faces uphill task in Wuzhen at the 16th Russia-India-China meet
  • China has blocked, at the behest of Pakistan, several attempts by India to declare Azhar a terrorist

Flipkart co-founder Sachin Bansal.mint
Flipkart co-founder Sachin Bansal.mint

Sachin Bansal invests in Altico, IndoStar Cap

  • The debt investments in Altico and IndoStar show that Bansal is now broad-basing his bets
  • The investment was made through BAC Acquisitions Pvt. Ltd, the holding company Bansal started

 (Photo: iStock)
(Photo: iStock)

Censorship at a high in world’s largest democracy

  • The share of films that passed without cuts reached a historic low under Pahlaj Nihalani, the former chairman of the Central Board of Film Certification
  • A Mint analysis of data from the Central Board of Film Certification (CBFC) shows that censorship has scaled a new peak

EPFO says the move is aimed at protecting workers’ money. (Photo: Pradeep Gaur/Mint)
EPFO says the move is aimed at protecting workers’ money. (Photo: Pradeep Gaur/Mint)

EPFO starts reviewing 1,374 exempted trusts for exposure to IL&FS

  • The exercise is aimed at protecting money of workers, and companies will be responsible in case retirement savings go bad
  • Once the status is known, the EPFO may even go to the company law tribunal and use other legal options to recover funds

Photo: Bloomberg
Oscars 2019
Inbound FDI dropped 7% to $33.5 billion in the nine months between April and December 2018.  (Bloomberg)
Inbound FDI dropped 7% to $33.5 billion in the nine months between April and December 2018. (Bloomberg)

India's foreign direct investment inflows fall amid pre-election uncertainty

  •  Protectionism, doubt about vote result deter investors  
  • Inbound FDI fell 7% to $33.5 bilion in April-Dec 2018

Related-party transactions return to haunt APSEZ shareholders

  • In market cap terms, APSEZ lost more than ₹6,100 crore in value, which seems like an overreaction
  • Acquisition rekindled investors’ worries that the group is piggybacking on APSEZ’s financial strength

Kerala chief minister Pinarayi Vijayan (right) with SNDP chief Vellappally Natesan at the latter’s house on Monday.
Kerala chief minister Pinarayi Vijayan (right) with SNDP chief Vellappally Natesan at the latter’s house on Monday.

Vijayan-Natesan meet sparks buzz about tie-up

  • Vijayan had come to Alappuzha to inaugurate a project to develop the 54-year-old Kanichukulangara Devi temple
  • The Ezhavas constitute the largest bulk of Kerala’s 54.73% Hindu voters, according to academic studies and the 2011 census

Nishant Arya, executive director, JBM Group.  (Mint)
Nishant Arya, executive director, JBM Group.  (Mint)

JBM acquires majority stake in German auto firm Linde-Wiemann

  • The acquisition will help JBM access new products and increase the number of its global customers

Photo: iStock
Siddharth Maskeri says being empathetic to his former boss helped him eventually to get an idea for a new business.
Siddharth Maskeri says being empathetic to his former boss helped him eventually to get an idea for a new business.

Empathy: Demand is up but supply down

  • Empathy is a skill no machine can duplicate, one that leads to better business
  • Empathy, or the ability to understand the world of another, is a very human trait

A picture taken on 20 February, 2019 shows ArcelorMittal steel company in Ghent  (AFP)
A picture taken on 20 February, 2019 shows ArcelorMittal steel company in Ghent (AFP)

Facing 'risks' like excess capex on proposed Essar acquisition: ArcelorMittal

  • Essar Steel owns a 10-million-tonne steel mill in Gujarat
  • The company said it provided a $567 million performance guarantee in connection with the execution of the resolution plan

Study shows that microfinance leads to over-indebtedness, especially in the rural areas. (Photo: Mint)
Study shows that microfinance leads to over-indebtedness, especially in the rural areas. (Photo: Mint)

How microfinance may lead to indebtedness

  • A new study published in the Economic and Political Weekly, explores why and how over-indebtedness continues to be a problem
  • The findings imply that in addition to easy access to credit, financial literacy and vocational training are crucial for financial inclusion

 (Photo: Reuters)
(Photo: Reuters)

Fiat Chrysler India recalls 11,002 Jeep Compass units to update engine software

  • The recall which will begin in the first week of March will cover only the two-wheel drive version of the model
  • FCA India and their authorised dealers will directly contact affected customers, and confirm appointments at authorised workshops