Mint Chennai - December 25, 2024
Mint Chennai - December 25, 2024
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In this issue
December 25, 2024
MPC members say high repo rate cannot ease food prices
The two external members' views were in sharp contrast to others at the December meeting
2 mins
Economists discuss jobs, infra funds with PM
Job creation, improving farm productivity, and mobilizing public funds for infrastructure development were some of the issues that figured during the interaction between Prime Minister Narendra Modi and economists ahead of the 2025-26 Union budget.
1 min
THE STATESMAN WHO SHAPED INDIA WITH HIS VISION, RESOLVE
Atal ji understood Indian democracy and also the need to make it stronger
4 mins
Trump's TikTok love raises doubt on ban plan
resident-elect Donald Trump's repeated support for TikTok has sparked speculation about potential solutions to prevent the app's impending ban in the US, though the path forward remains unclear.
1 min
India's push for own satellite constellation draws 30 firms
Thirty Indian companies have answered the space regulator's call to build and operate constellations of Earth observation (EO) satellites in a private-public partnership to reduce the country's reliance on foreign data for defence, infrastructure management and other critical mapping needs.
1 min
Persistent, CoRover.ai partner for GenAI integration
T services firm Persistent Systems has partnered with artificial intelligence (AI) services provider CoRover to drive innovation in the field of multilingual conversational platforms powered by Generative AI (GenAI).
1 min
A looming threat to bitcoin investors: Risk of a quantum-computing hack
A study estimated that a quantum hack of bitcoin would cause more than $3 trillion in losses in crypto, other markets
3 mins
Singapore leads Hong Kong in race to become crypto hub
Hong Kong's tight curbs on exchanges may have tipped the balance in favour of Singapore
2 mins
Why IRCTC can't earn a 'buy'
Slowing speed
2 mins
Rising third-party mix, capex boost outlook for JSW Infra
In recent years, JSW Infrastructure Ltd has succeeded in raising the share of third-party cargo to 48% in H1FY24 from 25% in FY21.
2 mins
Rupee falls 4p to close at a new low of 85.15 to a dollar
The rupee extended the slide for the second straight session and depreciated 4 paise to settle at a fresh all-time low of 85.15 against the US dollar on Tuesday, dragged by a strong greenback against major crosses overseas and subdued domestic equities.
1 min
China eyes record debt issuance next year to ramp up stimulus
Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, two sources said, which would be the highest on record, as Beijing ramps up fiscal stimulus to revive a faltering economy.
2 mins
Number of non-farm firms rises 13% to 73 mn: Govt
The number of non-farm firms in the country comprising proprietorships, partnerships and self-help groups increased 12.84% to 73.4 million, the Union statistics ministry said, citing an annual survey of enterprises other than companies for the period October 2023 to September 2024.
1 min
Key indicators show Q3 recovery, says RBI bulletin
Growth trajectory is poised to lift in H2 of 2024-25 driven by resilient domestic private consumption demand
1 min
Hurt by imports, steelmakers eye safeguard duty
The temporary measure, likely in the last quarter of FY25, will protect domestic firms from cheap imports
2 mins
Poly Medicure to focus on medical devices exports
Indian medical equipment manufacturer Poly Medicure Ltd. will continue to focus on export markets amid rising demand in the United States and as global economies look to diversify their supply chains away from China, a top company official said.
1 min
Prez Biden to rule on Nippon Steel's $15 billion US Steel bid
Letting Nippon Steel take over US Steel may lead to lower domestic steel output, says CFIUS
2 mins
Deloitte, 2 former partners penalized over audit lapses
The action stems from Deloitte's alleged failure to identify & report irregularities related to a ZEE FD in Yes Bank
1 min
Southern films shine in 2024 led by Malayalam, Tamil hits
South Indian cinema sees 10-15% revenue growth as Hindi films struggle at the box office
2 mins
Xmas fails to cheer up 2024 box office
Theatres are banking on Pushpa 2, and animation flick Mufasa to carry them through the festive period
1 min
Airlines see 12% growth in domestic passengers
Indian airlines carried 14.2 million passengers on the domestic routes in November, up nearly 12% compared to a year earlier, amid rising air traffic demand.
1 min
Edtech's focus on profits, new niches sparks renewed investor optimism
Early-stage funding more than tripled to $303.2 million this year, from $100.7 million in 2023
3 mins
Pre-IPO rounds revive late-stage funding
There was an improvement in both the number and average ticket size of Series D stage and above deals in 2024 versus the year before
5 mins
Smartphone makers are embracing digital detox to fight screen addiction
A study by Vivo found parents spend 5.5 hours and children about 4.5 hours on their phones each day
3 mins
Gen AI, data centres march into 2025
Stakeholders are gearing up for a boom amid expectations of easing inflation concerns in West, and government's boost to domestic R&D expenditure
5 mins
The 'invisible wall' amplifying China's population doom loop
China still has more left-behind children than any country in the world, 67 million in 2020, official data shows
5 mins
Indian IT hiring: '25 promises rebound
Indian information technology (IT) hiring landscape is at a pivotal juncture as it transitions from a year of decline towards a more hopeful future.
1 min
India to fund 33 development projects in Sri Lanka
India is to provide ₹237.1 crore to Sri Lanka for 33 development projects in education, health and agriculture sectors in the eastern province.
1 min
Akasa Air fined ₹10 lakh by DGCA
The civil aviation regulator, directorate general of civil aviation (DGCA) on Tuesday imposed a fine of ₹10 lakh on Akasa Air for refusing boarding to seven passengers on a Bengaluru-Pune flight.
1 min
Bangladesh launches $5 bn graft probe against Sheikh Hasina
An anti-graft panel in Bangladesh has launched an investigation against former prime minister Sheikh Hasina and her family in connection with the allegations of embezzling $5 billion in the Rooppur nuclear power plant, according to a media report.
1 min
Samsung plans to re-enter ACs market
Samsung India is planning a comeback into the residential air conditioner (AC) market, which witnessed unprecedented sales growth in summer this year.
1 min
'Dreamers' make emergency plans as Trump vows to deport millions
DACA program during his first term, recently expressed a willingness to help this group of immigrants stay.
3 mins
Lokpal calls Buch, Moitra for hearing on corruption charge
Ombudsman is hearing complaints filed on basis of Hindenburg Research report
1 min
Guidelines on pesky calls next month
The consumer affairs ministry will release guidelines next month to tackle unsolicited commercial communications or pesky calls, a senior government official said on Tuesday.
1 min
Office space leasing up 14% in top 6 cities
Office space demand remained strong this year with gross leasing of workspace rising 14% to a record 66.4 million sq. ft across six major cities, according to Colliers India.
1 min
AP split leaves state-backed bondholders high and dry
Investors await payments as Andhra and Telangana dispute AP power bonds post-bifurcation
4 mins
Simplifying estate planning: The value of expert guidance
Do I need the help of a professional estate planner? —Name withheld on request Should I opt for a will or trust? Which is effective? —Name withheld on request
2 mins
INTERNATIONAL ETFs ARE TRADING AT A PREMIUM: WHAT SHOULD INVESTORS DO?
Most successful investors remain informed, agile, and approach investments strategically
3 mins
All that glitters is not an auction of pawned gold
Gold auctions have risen lately. A sign of distress? Partly. These are more likely the result of lenders sprucing up their gold-loan portfolios after RBI frowned on risky lending practices
2 mins
We must approach tech transformations with due care
How we deal with technology is getting highly complex. It's the reason we must exercise fine judgement
4 mins
Trump's tariffs will not eliminate the dollar's exorbitant privilege
Exporters to the US may want to shift trade into other currencies but the dollar won't be dethroned
4 mins
Full of sound and fury: What the Bard may say of 2024
From central bank actions to Trump's ideas, there was plenty that inspires a Shakespearean look-back
4 mins
Inflation targeting: It should not constrain Indian manufacturing
Monetary policymakers should analyse the price dynamics of the entire basket of items that make up India's national income
3 mins
We could expect East Asia to spring some surprises in 2025
China, Hong Kong and Vietnam will be under watch for a reason
3 mins
Mint Chennai Newspaper Description:
Publisher: HT Digital Streams Ltd.
Category: Newspaper
Language: English
Frequency: Daily
The business newspaper “Mint” published by one of the leading media houses of India, Hindustan Times, in association with Wall Street Journal. It aims to connect India to the world and the world to India in terms of business, economy, regulation and policies.
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