Mint Chennai - January 01, 2025
Mint Chennai - January 01, 2025
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In this issue
January 01, 2025
2024 tough year for ad industry but the worst is behind us, says Khemka
Despite 2024's challenges, Khemka is optimistic about the year ahead, citing resilience in key sectors
1 min
NPCI extends UPI volume cap compliance deadline
NPCI had earlier said no app could account for more than 30% of UPI transaction volumes
2 mins
India's Core Sector Growth at 4-Month High of 4.3% in Nov
The rebound in manufacturing may significantly affect industrial production in November; data will be in by Jan
1 min
FY25 Fiscal Deficit at ₹8.5 tn Till Nov, Hits 52% of Target
Rising costs and higher spending on subsidies and public sector initiatives fuels deficit
2 mins
Pristyn Care in talks for $100 mn in fresh funding
Several PE firms have expressed interest in ramping up allocations to healthcare sub-segments
1 min
RS panel to review CCI's commitment scheme
The Rajya Sabha's committee on subordinate legislation led by Milind Deora will review a scheme offered by the Competition Commission of India (CCI) in March allowing businesses to avoid anti-trust probes by making commitments to change their conduct, two persons privy to the development said.
1 min
MGNREGS work demand reaches four-month high in December
The number of people seeking work every month under MGNREGS has been rising steadily since September
2 mins
Gold Heads for Biggest Gain Since 2010 in Mixed Year for Metals
Gold is heading for its biggest gain in 14 years, with a 27% advance fueled by US monetary easing, sustained geopolitical risks and a wave of purchases by central banks.
1 min
Isro earned $427 mn from US, EU space missions in 10 years
Union minister Jitendra Singh says revenue figure likely to ramp up in coming years; more such missions to be conducted going forward
1 min
IFC, others to take stake in FEPL
Fair trade regulator Competition Commission of India (CCI) on Tuesday cleared the World Bank's IFC, Asian Development Bank (ADB) and German government's DEG proposal to acquire a stake in Fourth Partner Energy Ltd (FEPL).
1 min
Drugmaker Anthem files for IPO
Indian contract drugmaker Anthem Biosciences filed for a ₹33.95 billion ($397 million) initial public offering (IPO), draft papers showed on Tuesday, at the fag end of what has been a red-hot year for companies listing on the stock market.
1 min
Rupee declines to record closing low
The rupee declined to a record closing low for the sixth consecutive session on Tuesday, weighed down by a decline in most Asian currencies alongside expectations that it is headed for more losses in 2025.
1 min
RIL's acquisitions: $13 bn spent in 5 yrs
Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) has spent $13 billion on acquisitions in the past five years across new energy, telecom, retail and media business to script a pivot away from core oil and petrochemicals business to clean energy and consumer-facing verticals.
1 min
Interest on PPF, NSC unchanged
The government on Tuesday left the interest rates unchanged on various small savings schemes, including Public Provident Fund (PPF) and National Savings Certificate (NSC), for the fourth straight quarter beginning 1 January 2025 and ending 31 March 2025.
1 min
NaBFID invests ₹745 cr in NDR InvIT
The National Bank for Financing Infrastructure and Development (NaBFID) has invested ₹745 crore in long-term bonds issued by NDR InvIT, the company said on Tuesday.
1 min
Kirloskar cos to challenge Sebi
Our Kirloskar companies on Tuesday said they are preparing to legally challenge a letter by markets regulator Securities and Exchange Board of India (Sebi) asking them to disclose the deed of family settlement that was signed by members of the Kirloskar family on 11 September 2009.
1 min
Sebi introduces MF Lite framework
Index and exchange-traded funds (ETFs) to schemes sponsored by private equity funds will be eligible to be covered under the MF Lite framework on meeting certain conditions as the market regulator aims to simplify the operations of passively managed mutual funds.
1 min
Thermal coal imports up 9% this year
Imports of thermal coal, used for power generation, have increased by about 9% in the April-November of the ongoing fiscal year to 45 million tonnes, on higher procurement made by those power plants that operate solely on imported coal.
1 min
A Triple Fiscal Crisis Periling Climate Action
A recent report by the Independent Expert Group on Debt, Nature, and Climate reveals that many of the world's 144 developing economies are on an unsustainable fiscal trajectory.
4 mins
Crypto Has an Ally in the White House. What's Ahead for Digital Currencies in 2025
Crypto die-hards are anticipating a golden age for digital assets under President-elect Donald Trump.
3 mins
Intel's grim lesson for Boeing: Sometimes Mr. Fix-It is too late
One day, fickle investors applaud business-school alumni for paying big dividends and slashing costs. The next, they're demanding that engineers take over to make up for lost innovation.
3 mins
Beijing pushes to use China-made chips in its electric vehicles
Not long ago, almost all the chips in Chinese cars relied on manufacturing by foreign firms
4 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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