Mint Kolkata - December 20, 2024
Mint Kolkata - December 20, 2024
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In this issue
December 20, 2024
Discrepancy in Nov trade data suspected
India's gold imports in November reached a record high of $14.86 billion, registering a fourfold jump
1 min
Building worker homes near factories will boost competitiveness
Niti Aayog, the Union government's policy think tank, has called for building workers' homes closer to factories by amending existing industrial zoning laws, in order to boost labour productivity and enhance the competitiveness of the country's manufacturing sector.
2 mins
Standardize power purchase pacts
The Estimates Committee has called for setting definite approval timelines to expedite the signing of PPAs
2 mins
In the works: Repairability Index for consumer durables
India cannot be a dumping ground for inferior-quality products, says minister Pralhad Joshi
2 mins
Govt plans jail terms, fines for illegal loans
The government is seeking to clamp down on unregulated lending with a proposed law that would impose prison terms of up to seven years and fines for unauthorized loans, including those through digital platforms.
1 min
Cinnamon Wealth readies to float debut private credit fund
Cinnamon Wealth, which is a women-focused asset and wealth management company, is all set to launch its maiden private credit fund, the Women Enterprisers Fund, by January, a top company executive told VCCircle.
2 mins
Multiples PE makes its second bet on the logistics sector
Private equity firm Multiples PE, founded by Renuka Ramnath, has made its second bet on the logistics sector, with a $35 million (nearly ₹300 crore) investment in INSTANT-XP for a minority stake.
1 min
Zetwerk closes Series F round, aims to go public in 18 months
Zetwerk, a business-to-business (B2B) manufacturing services marketplace backed by marquee investors including Peak XV, Accel and Avenir Growth Fund among others, has closed its Series F funding round that values the unicorn startup 15% higher than its last valuation, co-founder and CEO Amrit Acharya, told VCCircle in an exclusive interaction.
2 mins
AI meets 3D hologram tech
Holographic devices combine 3D projections with AI, allowing users to interact through speech and gestures
3 mins
Coromandel is betting on gains from backward integration
Despite a dull first half (H1 FY25), shareholders of Coromandel International are brimming with optimism. The fertilizer firm's stock hit a new 52-week high of ₹1,882 on Wednesday, taking its gains so far this year to 46%.
1 min
I-bankers see more China IPOs in 2025
Investment bankers are pinning hopes on initial public offerings in Asia to grab a bigger slice of equity capital markets volumes in 2025, after such transactions fell to the smallest proportion in eight years as Chinese deals remained muted.
1 min
Ajmera bets on acquisitions, JVs to expand m-cap tenfold to $5 bn
Ajmera Realty and Infra India Ltd aims to expand its market capitalization (m-cap) by 10x to $5 billion through acquisitions and joint ventures (JVs), said Dhaval Ajmera, director at Ajmera Group.
1 min
What Sebi's latest reforms mean for SME IPOs and MFs
On 18 December, the Securities and Exchange Board of India (Sebi) approved several key amendments to improve business operations, investor protection, and the efficiency of market participants.
2 mins
RBI flags state sops even as taxes, spend quality improve
The average buoyancy of state tax revenue rose post-pandemic to 1.4 from the pre-pandemic average of 0.86
2 mins
CGD stocks climb wall of worry
State-run city gas distribution (CGD) firms are bracing for a decline in earnings in the December quarter (Q3FY25). The recent 36% average supply cut in cheaper natural gas allocated by the government is to blame.
2 mins
'Kia India doesn't rely on hybrid incentives'
Bets on agility amid regulatory shifts, plans two mass market EVs in 2025
2 mins
SFB bid: Fino to bet on merchant loans
Fino Payments Bank plans to use its network of merchants as the first set of customers to lend to, while also using them as loan collection points, if the regulator approves its proposal to convert into a small finance bank.
2 mins
Pricing probe: CCI raids Pernod, AB InBev
An anonymous complaint alleged Telangana sellers formed \"cartel-like\" pacts to boycott all brands but AB InBev's
1 min
Delhi HC rejects tax plea against Western Union
The Delhi high court rejected a plea by the income tax department against American multinational Western Union Financial Services, citing provisions of the India-US double taxation avoidance agreement (DTAA).
1 min
Soaps to biscuits to cost more as palm oil, wheat turn dear
Companies may balance direct price hikes with grammage cuts to mitigate the impact of costs on consumers
2 mins
Micromax, Phison set up JV for storage chips
MiPhi has started manufacturing from Micromax's Greater Noida facility
2 mins
Star dubs lift Hollywood films in India
Dubbing by Indian superstars like Shah Rukh Khan and Mahesh Babu can greatly lift the reach and box office potential of Hollywood animation films releasing in the local theatres.
2 mins
The last-ditch efforts to win over critics of the Nippon-U.S. steel deal
The takeover bid has run into opposition from politicians and union leaders as well as skepticism from investors
4 mins
Unable to criticize Putin, Russian oligarchs turn ire on central banker
Recent additional U.S. sanctions caused the ruble to plummet, while local companies are slashing expansion plans
4 mins
The next big Fed debate: Has the era of very low interest rates ended?
Fed officials are trying to figure out the just-right interest rate. Some think they may be close
5 mins
Genesis to acquire stake in SpiceJet
SpiceJet on Thursday said aircraft lessor Genesis will acquire a stake worth $4 million in the airline as part of settling a more than $16 million dispute.
1 min
Supply-chain issues ground 102 aircraft
The government on Thursday said 102 aircraft are on the ground due to supply-chain issues and that it has been encouraging development of the ecosystem for manufacturing of planes by public as well as private enterprises in the country.
1 min
Ola Electric set to expand network
Ola Electric on Thursday said it will expand its sales and service network to about 4,000 outlets on 25 December.
1 min
Air India orders 34 trainer aircraft
Air India has placed an order for 34 trainer aircraft, including 31 single-engine planes, for its flying training organisation in Maharashtra that is expected to come up by the second half of 2025.
1 min
Tata denies reports on Starbucks exit
Tata Consumer Products Ltd (TCPL) on Thursday denied reports on the exit of cafe chain Starbucks from the Indian market, terming them as \"baseless\".
1 min
EV market likely to touch ₹20 tn by '30
Union minister Nitin Gadkari on Thursday said the electric vehicle (EV) market potential is likely to touch ₹20 trillion and will create around 50 million jobs across the entire EV ecosystem by 2030.
1 min
Private retailers' 'happy hours' irk state-run oil firm dealers
₹3 per litre 'happy hours discount' by private petrol retailers has seen outlets of IOC, HPCL and BPCL lose up to 50% share in various locations
1 min
Bharti Airtel clears 2016 spectrum dues
Indian telecom carrier Bharti Airtel has made an early payment of ₹3,626 crore to the government, the company said on Thursday, settling all its liabilities for the spectrum acquired in 2016.
1 min
The ombudsman dilemma: Free relief or stacked deck?
With rejected claims and rising dispute barriers, can policyholders match the insurers' clout?
4 mins
WHY PHYSICAL BANK BRANCHES REMAIN CRUCIAL IN AN ERA DOMINATED BY DIGITAL
Trust, human engagement, and relationship management remain crucial for customers
2 mins
After intensive care, Jan Aushadhi sees sales spike
roxithromycin. Another major supplier, Zee Laboratories Ltd, has been blacklisted by several state medical services, including Chhattisgarh, Odisha and Tamil Nadu. In fact, Zee Laboratories was barred by the Jan Aushadhi system last year until 2025 for supplying substandard drugs, including some that are widely used, such as Paracetamol.
2 mins
We should expect 12 AI trends to stand out in 2025 and beyond
The first four predictions are about enhanced human-AI interaction and how our lives will change
3 mins
Let footpaths lead us to faster economic growth
If good roads are signposts of prosperity, so are urban walkways. But India's pedestrian infrastructure suffers neglect that an economy in need of inclusive growth cannot afford
2 mins
The US Fed seems as clueless as markets about its 2025 path
Powell didn't dwell on Trump uncertainty. That's understandable
3 mins
Lots of Christmas cheer and art
For the weekend
1 min
Mint Kolkata 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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