Analysts upbeat over signs of revival

The Q2 GDP numbers came in as a big positive surprise. The Indian economy, which witnessed a contraction of 23.9 percent in the June quarter, shrank 7.5 in the September quarter. We have spoken to top analysts to find out what they think about the GDP prints and its impact on the market: Read here.

Property buying and tax sops

Can someone who sells two residential properties to buy a bigger house claim exemption from payment of capital gains tax? The Mumbai bench of the Income Tax Appellate Tribunal recently replied in the affirmative. This report has all the details.

It’s official, India enters technical recession

The Indian economy has entered a technical recession, with two consecutive quarters of negative growth in gross domestic product (GDP). Real GDP for the September quarter contracted 7.5 percent year-on-year. Read this piece to know more about the country’s economic situation.

Iranian nuclear mastermind assassinated

Mohsen Fakhrizadeh, an Iranian scientist long suspected by the West of masterminding a secret nuclear bomb programme, was killed in an ambush near Tehran, likely to provoke confrontation between Iran and its foes in the last weeks of Donald Trump's presidency. Find the details here.

Tesla faces probe over safety issue

The US National Highway Traffic Safety Administration said it had opened an investigation into around 1,150,000 Tesla vehicles over a front suspension safety issue. As many as 32 complaints involve failures that occurred during low-speed parking maneuvers, while 11 occurred while driving. Read here.

Fidelity’s funding to boost Nykaa

US-based financial services giant Fidelity Management and Research has invested in beauty and makeup retailer Nykaa. Nykaa was valued at $1.2 billion earlier this year. One of India’s few profitable internet companies, Nykaa has all reasons to be excited. Find out more about the firm’s future plans here.

Rosalind Franklin one step closer to Mars

The United Kingdom’s first robotic Mars rover, named after scientist Rosalind Franklin, is all set to land on the Red Planet in 2023. The rover successfully underwent parachute tests at the Oregon desert. You can read the details here.